Peoples Bancorp (PEBO) 10-Q2 May 242024 Q1 Quarterly reportFinancial data

Company Profile

Cover Page

Cover Page - shares	3 Months Ended
Cover Page - shares	Mar. 31, 2024	Apr. 30, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2024
Document Transition Report	false
Entity File Number	000-16772
Entity Registrant Name	PEOPLES BANCORP INC.
Entity Incorporation, State or Country Code	OH
Entity Tax Identification Number	31-0987416
Entity Address, Address Line One	138 Putnam Street,
Entity Address, Address Line Two	P.O. Box 738,
Entity Address, City or Town	Marietta,
Entity Address, State or Province	OH
Entity Address, Postal Zip Code	45750
City Area Code	(740)
Local Phone Number	373-3155
Title of 12(b) Security	Common Shares, without par value
Trading Symbol	PEBO
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		35,493,844
Entity Central Index Key	0000318300
Amendment Flag	false
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	--12-31

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands		Mar. 31, 2024	Dec. 31, 2023
Cash and cash equivalents:
Cash and balances due from banks		$ 103,784	$ 111,680
Interest-bearing deposits in other banks		325,936	315,042
Total cash and cash equivalents		429,720	426,722
Available-for-sale investment securities, at fair value (amortized cost of $1,262,319 at March 31, 2023 and $1,184,288 at December 31, 2023)	[1]	1,116,466	1,048,322
Held-to-maturity investment securities, at amortized cost (fair value of $612,022 at March 31, 2023 and $612,022 at December 31, 2023)	[1]	679,506	683,657
Other investment securities		62,939	63,421
Total investment securities	[1]	1,858,911	1,795,400
Loans and leases, net of deferred fees and costs	[2]	6,202,827	6,159,196
Allowance for credit losses		(64,822)	(62,011)
Net loans and leases	[3]	6,138,005	6,097,185
Loans held for sale		3,030	1,866
Bank premises and equipment, net of accumulated depreciation		107,258	103,856
Bank owned life insurance		141,568	140,554
Goodwill		362,169	362,169
Other intangible assets		47,116	50,003
Other assets		182,997	179,627
Total assets		9,270,774	9,157,382
Deposits:
Non-interest-bearing		1,468,363	1,567,649
Interest-bearing		5,858,193	5,584,648
Total deposits		7,326,556	7,152,297
Short-term borrowings		513,496	601,121
Long-term borrowings		236,283	216,241
Accrued expenses and other liabilities		132,437	134,189
Total liabilities		8,208,772	8,103,848
Stockholders’ equity
Preferred shares, no par value, $50,000 shares authorized, no shares issued at March 31, 2024 or at December 31, 2023		0	0
Common shares, no par value, $50,000,000 shares authorized, $36,747,787 shares issued at March 31, 2024 and $36,736,041 shares issued at December 31, 2023, including at each date shares held in treasury		861,925	865,227
Retained earnings		343,076	327,237
Accumulated other comprehensive loss, net of deferred income taxes		(108,940)	(101,590)
Treasury stock, at cost, $1,355,337 shares at March 31, 2024 and $1,511,348 shares at December 31, 2023		(34,059)	(37,340)
Total stockholders’ equity		1,062,002	1,053,534
Total liabilities and stockholders’ equity		$ 9,270,774	$ 9,157,382

[1] Available-for-sale investment securities and held-to-maturity investment securities are presented net of allowance for credit losses of $0 and $238, respectively, at March 31, 2024, and $0 and $238, respectively, at December 31, 2023.[2]Also referred to throughout this Quarterly Report on Form 10-Q as "total loans" and "loans held for investment."[3]Also referred to throughout this Quarterly Report on Form 10-Q as "net loans."

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parentheticals) - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Debt securities, available-for-sale, amortized cost	$ 1,262,319,000	$ 1,184,288,000
Debt securities, held-to-maturity, fair value	$ 602,112,000	$ 612,022,000
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)	36,747,787	36,736,041
Treasury stock (in shares)	1,355,337	1,511,348
Debt securities available for sale, allowance for credit loss	$ 0	$ 0
Debt securities held to maturity, allowance for credit loss	$ 238,000	$ 238,000

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Interest income:
Interest and fees on loans and leases	$ 110,749	$ 71,762
Interest and dividends on taxable investment securities	13,919	11,003
Interest on tax-exempt investment securities	1,003	996
Other interest income	1,922	388
Total interest income	127,593	84,149
Interest expense:
Interest on deposits	33,304	5,661
Interest on short-term borrowings	4,184	4,457
Interest on long-term borrowings	3,465	1,153
Total interest expense	40,953	11,271
Net interest income	86,640	72,878
Provision for credit losses	6,102	1,853
Net interest income after provision for credit losses	80,538	71,025
Non-interest income:
Insurance income	6,498	5,425
Bank owned life insurance income	1,500	707
Lease income	1,236	1,077
Mortgage banking income	321	314
Net loss on investment securities	(1)	(1,935)
Net loss on asset disposals and other transactions	(341)	(246)
Other non-interest income	1,698	668
Total non-interest income	25,779	19,060
Non-interest expense:
Salaries and employee benefit costs	38,893	32,028
Net occupancy and equipment expense	6,283	4,955
Data processing and software expense	5,769	4,562
Professional fees	2,967	2,881
Amortization of other intangible assets	2,788	1,871
Electronic banking expense	1,781	1,491
Federal Deposit Insurance Corporation ("FDIC") insurance expense	1,186	801
Other loan expenses	1,076	739
Marketing expense	1,056	930
Franchise tax expense	881	1,034
Communication expense	799	613
Other non-interest expense	4,986	4,574
Total non-interest expense	68,465	56,479
Income before income taxes	37,852	33,606
Income tax expense	8,268	7,046
Net income	$ 29,584	$ 26,560
Earnings per common share - basic (in usd per share)	$ 0.85	$ 0.95
Earnings per common share - diluted (in usd per share)	$ 0.84	$ 0.94
Weighted-average number of common shares outstanding - basic (in shares)	34,740,349	27,891,760
Weighted-average number of common shares outstanding - diluted (in shares)	35,051,810	28,021,879
Cash dividends declared	$ 13,745	$ 10,725
Cash dividends declared per common share (in usd per share)	$ 0.39	$ 0.38
Electronic banking income
Non-interest income:
Revenue from contract with customer	$ 6,046	$ 5,443
Trust and investment income
Non-interest income:
Revenue from contract with customer	4,599	4,084
Deposit account service charges
Non-interest income:
Revenue from contract with customer	$ 4,223	$ 3,523

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Statement of Comprehensive Income [Abstract]
Net income	$ 29,584	$ 26,560
Available-for-sale investment securities:
Gross unrealized holding (loss) gain arising during the period	(9,887)	20,362
Related tax benefit (expense)	2,340	(4,647)
Reclassification adjustment for net loss included in net income	1	1,935
Related tax expense	0	(452)
Net effect on other comprehensive (loss) income	(7,546)	17,198
Defined benefit plan:
Amortization of unrecognized loss and service cost on benefit plans	0	2
Net effect on other comprehensive (loss) income	0	2
Cash flow hedges:
Net gain (loss) arising during the period	256	(1,356)
Related tax (expense) benefit	(60)	313
Net effect on other comprehensive (loss) income	196	(1,043)
Total other comprehensive (loss) income, net of tax	(7,350)	16,157
Total comprehensive income	$ 22,234	$ 42,717

CONSOLIDATED STATEMENTS OF STOC

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, 2022	$ 785,328	$ 686,450	$ 265,936	$ (127,136)	$ (39,922)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	26,560		26,560
Other comprehensive income (loss), net of tax	16,157			16,157
Cash dividends declared	(10,725)		(10,725)
Reissuance of treasury stock for common share awards	0	(4,685)			4,685
Repurchase of treasury stock in connection with employee incentive program and compensation plan for Boards of Directors	(920)				(920)
Common shares issued under dividend reinvestment plan	402	402
Common shares issued under compensation plan for Boards of Directors	136	8			128
Common shares issued under employee stock purchase plan	455	42			413
Stock-based compensation	2,150	2,150
Ending balance at Mar. 31, 2023	819,543	684,367	281,771	(110,979)	(35,616)
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	29,584		29,584
Other comprehensive income (loss), net of tax	(7,350)			(7,350)
Cash dividends declared	(13,745)		(13,745)
Reissuance of treasury stock for common share awards	0	(6,862)			6,862
Repurchase of treasury stock in connection with employee incentive program and compensation plan for Boards of Directors	(869)				(869)
Common shares repurchased under share repurchase program	(3,000)				(3,000)
Common shares issued under dividend reinvestment plan	455	455
Common shares issued under compensation plan for Boards of Directors	138	21			117
Common shares issued under employee stock purchase plan	231	60			171
Stock-based compensation	3,024	3,024
Ending balance at Mar. 31, 2024	$ 1,062,002	$ 861,925	$ 343,076	$ (108,940)	$ (34,059)

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Statement of Cash Flows [Abstract]
Net cash provided by operating activities	$ 37,009	$ 47,997
Available-for-sale investment securities:
Purchases	(105,652)	(22,873)
Proceeds from sales	0	95,362
Proceeds from principal payments, calls and prepayments	26,976	27,922
Held-to-maturity investment securities:
Purchases	(5,114)	(167,169)
Proceeds from principal payments	9,268	33,324
Other investment securities:
Purchases	(7,302)	(4,792)
Proceeds from sales	8,028	3,746
Net increase in loans held for investment	(43,339)	(52,386)
Net expenditures for premises and equipment	(3,870)	(2,757)
Proceeds from sales of other real estate owned	0	107
Business acquisitions, net of cash received	0	(200)
Proceeds from bank owned life insurance contracts	486	0
Investment in limited partnership and tax credit funds	(2,566)	(267)
Net cash used in investing activities	(123,085)	(89,983)
Financing activities:
Net decrease in non-interest-bearing deposits	(99,286)	(34,338)
Net increase in interest-bearing deposits	273,573	105,991
Net decrease in short-term borrowings	(87,625)	(9,468)
Proceeds from long-term borrowings	26,770	2,899
Payments on long-term borrowings	(7,047)	(8,450)
Cash dividends paid	(13,893)	(10,993)
Purchase of treasury stock under share repurchase program	(3,000)	0
Purchase of treasury stock in connection with employee incentive program and compensation plan for Boards of Directors to be held as treasury stock	(869)	(920)
Proceeds from issuance of common shares	451	397
Net cash provided by financing activities	89,074	45,118
Net increase in cash and cash equivalents	2,998	3,132
Cash and cash equivalents at beginning of period	426,722	154,022	$ 154,022
Cash and cash equivalents at end of period	429,720	157,154	426,722
Supplemental cash flow information:
Interest paid	37,614	9,675
Income taxes paid	70	105
Supplemental noncash disclosures:
Transfers from total loans to other real estate owned	64	0
Noncash recognition of new leases	$ 509	$ 336	$ 4,428

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
Summary of Significant Accounting Policies	Mar. 31, 2024
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, 2023 ("Peoples' 2023 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’ 2023 Form 10-K, as updated by the information contained in this Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2024 (this "Form 10-Q"). Management has evaluated all significant events and transactions that occurred after March 31, 2024 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. Intercompany accounts and transactions have been eliminated. The Consolidated Balance Sheet at December 31, 2023, contained herein, has been derived from the audited Consolidated Balance Sheet included in Peoples’ 2023 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. New Accounting Pronouncements:

Fair Value of Assets and Liabil

Fair Value of Assets and Liabilities	3 Months Ended
Fair Value of Assets and Liabilities	Mar. 31, 2024
Fair Value Disclosures [Abstract]
Fair Value of Assets and Liabilities	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' 2023 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 March 31, 2024 December 31, 2023 (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 $ 28,773 $ — $ 30,296 $ — U.S. government sponsored agencies — 200,460 — 118,607 States and political subdivisions — 208,750 — 213,296 Residential mortgage-backed securities — 621,691 — 628,924 Commercial mortgage-backed securities — 50,791 — 51,234 Bank-issued trust preferred securities — 6,001 — 5,965 Total available-for-sale securities $ 28,773 $ 1,087,693 $ 30,296 $ 1,018,026 Equity investment securities (a) 197 236 191 237 Derivative assets (b) — 25,149 — 22,304 Liabilities: Derivative liabilities (c) $ — $ 21,684 $ — $ 19,122 (a) Included in "Other investment securities" 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) Included in " Other assets (c) Included in " Accrued expenses and other liabilities 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 q uoted prices in active exchange markets for identical assets or liabilities (Level 1) or quoted prices in less active markets (Level 2). Derivative Assets and Derivative Liabilities : Derivative assets and derivative liabilities are recognized on the Unaudited Consolidated Balance Sheets at their fair value within "Other assets" and "Accrued expenses and other liabilities", respectively. The fair value for derivative financial instruments is determined based on market prices, 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 March 31, 2024 and December 31, 2023. Non-Recurring Fair Value Measurements at Reporting Date March 31, 2024 December 31, 2023 (Dollars in thousands) Level 2 Level 3 Level 2 Level 3 Assets: Collateral dependent loans $ — $ 1,928 $ — $ 501 Loans held for sale (a) 2,123 — 1,663 — Other real estate owned — 63 — 7,118 (a) Loans held for sale are presented gross of a valuation allowance of $138 and $163 at March 31, 2024 and at December 31, 2023, 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 March 31, 2024 December 31, 2023 Carrying Amount Fair Value Carrying Amount Fair Value Assets: Cash and cash equivalents 1 $ 429,720 $ 429,720 $ 426,722 $ 426,722 Held-to-maturity investment securities: Obligations of: U.S. government sponsored agencies 2 188,423 179,645 188,475 180,825 States and political subdivisions (a) 2 144,315 113,075 144,496 114,288 Residential mortgage-backed securities 2 246,579 225,621 248,559 231,620 Commercial mortgage-backed securities 2 100,427 83,771 102,365 85,289 Total held-to-maturity securities 679,744 602,112 683,895 612,022 Other investment securities: Other investment securities at cost: Federal Home Loan Bank ("FHLB") stock N/A 28,426 28,426 29,949 29,949 Federal Reserve Bank ("FRB") stock N/A 27,114 27,114 26,896 26,896 Total other investment securities at cost 55,540 55,540 56,845 56,845 Other investment securities at fair value: Nonqualified deferred compensation (b) 1 3,890 3,890 3,162 3,162 Other investment securities (c) 2 3,076 3,076 2,985 2,985 Total other investment securities 62,506 62,506 62,992 62,992 Loans and leases, net of deferred fees and costs (d) 3 6,202,827 6,059,878 6,159,196 6,064,999 Bank owned life insurance 2 141,568 141,568 140,554 140,554 Liabilities: Deposits 2 $ 7,326,556 $ 6,410,812 $ 7,152,297 $ 6,319,885 Short-term borrowings 2 513,496 527,408 601,121 619,999 Long-term borrowings 2 236,283 242,685 216,241 222,743 (a) Held-to-maturity investment securities are presented gross of an allowance for credit losses of $238 at both March 31, 2024 and December 31, 2023. (b) Nonqualified deferred compensation includes mutual funds as part of the investment. (c) "Other investment securities", as reported on the Unaudited Consolidated Balance Sheets, also included equity investment securities at March 31, 2024 and at December 31, 2023, 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. (d) Loans and leases, net of deferred fees and costs, are presented gross of an allowance for credit losses of $64.8 million and $62.0 million at March 31, 2024 and at December 31, 2023, 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 ninety 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). When observable market data is absent, the independent pricing service estimates prices based on underlying cash flow characteristics and discount rates and compares them to similar securities (Level 3). 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 Investment Securities: Other investment securities at cost are not recorded at fair value as they are not marketable securities. Other investment securities at fair value are valued using quoted prices in an active market (Level 1) or quoted prices in less active markets (Level 2). 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 (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

Investment Securities	3 Months Ended
Investment Securities	Mar. 31, 2024
Investments, Debt and Equity Securities [Abstract]
Investment Securities	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 March 31, 2024 Obligations of: U.S. Treasury and government agencies $ 29,807 $ 113 $ (1,147) $ 28,773 U.S. government sponsored agencies 210,871 597 (11,008) 200,460 States and political subdivisions 237,207 92 (28,549) 208,750 Residential mortgage-backed securities 717,657 1,366 (97,332) 621,691 Commercial mortgage-backed securities 60,277 1 (9,487) 50,791 Bank-issued trust preferred securities 6,500 — (499) 6,001 Total available-for-sale securities $ 1,262,319 $ 2,169 $ (148,022) $ 1,116,466 December 31, 2023 Obligations of: U.S. Treasury and government agencies $ 30,999 $ 292 $ (995) $ 30,296 U.S. government sponsored agencies 128,500 639 (10,532) 118,607 States and political subdivisions 239,906 485 (27,095) 213,296 Residential mortgage-backed securities 717,772 1,819 (90,667) 628,924 Commercial mortgage-backed securities 60,611 5 (9,382) 51,234 Bank-issued trust preferred securities 6,500 — (535) 5,965 Total available-for-sale securities $ 1,184,288 $ 3,240 $ (139,206) $ 1,048,322 The gross gains and losses realized by Peoples from sales of available-for-sale securities for the periods ended March 31 were as follows: Three Months Ended March 31, (Dollars in thousands) 2024 2023 Gross gains realized $ — $ 78 Gross losses realized 1 2,013 Net (loss) gain realized $ (1) $ (1,935) 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 March 31, 2024 Obligations of: U.S. Treasury and government agencies $ 12,003 $ 173 23 $ 11,565 $ 974 5 $ 23,568 $ 1,147 U.S. government sponsored agencies 63,921 114 10 77,014 10,894 15 140,935 11,008 States and political subdivisions 26,352 439 66 171,591 28,110 144 197,943 28,549 Residential mortgage-backed securities 70,006 1,833 75 517,070 95,499 239 587,076 97,332 Commercial mortgage-backed securities 6,380 152 8 44,290 9,335 21 50,670 9,487 Bank-issued trust preferred securities 1,988 12 1 4,013 487 3 6,001 499 Total $ 180,650 $ 2,723 183 $ 825,543 $ 145,299 427 $ 1,006,193 $ 148,022 December 31, 2023 Obligations of: U.S. Treasury and government agencies $ 8,568 $ 83 22 $ 11,631 $ 912 5 $ 20,199 $ 995 U.S. government sponsored agencies 14,439 35 4 74,211 10,497 15 88,650 10,532 States and political subdivisions 18,268 136 32 167,346 26,959 138 185,614 27,095 Residential mortgage-backed securities 58,671 1,150 66 529,895 89,517 238 588,566 90,667 Commercial mortgage-backed securities 6,000 112 7 44,656 9,270 21 50,656 9,382 Bank-issued trust preferred securities 1,984 16 1 3,981 519 3 5,965 535 Total $ 107,930 $ 1,532 132 $ 831,720 $ 137,674 420 $ 939,650 $ 139,206 Management evaluates available-for-sale investment securities for an allowance for credit losses on a quarterly basis. At March 31, 2024, management concluded that no individual securities at an unrealized loss position required an allowance for credit losses. At March 31, 2024, 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 March 31, 2024 and December 31, 2023 were largely attributable to changes in market interest rates and spreads since the securities were purchased, and were not credit-related losses. 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 $9.8 million at March 31, 2024 and $8.8 million at December 31, 2023. The unrealized loss with respect to the three bank-issued trust preferred securities that had been in an unrealized loss position for twelve months or more at March 31, 2024 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 March 31, 2024. 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 $ 985 $ 15,661 $ 7,272 $ 5,889 $ 29,807 U.S. government sponsored agencies — 62,046 64,074 84,751 210,871 States and political subdivisions 10,319 45,388 59,362 122,138 237,207 Residential mortgage-backed securities 1 3,330 59,060 655,266 717,657 Commercial mortgage-backed securities — 12,392 27,108 20,777 60,277 Bank-issued trust preferred securities 2,000 1,000 3,500 — 6,500 Total available-for-sale securities $ 13,305 $ 139,817 $ 220,376 $ 888,821 $ 1,262,319 Fair value Obligations of: U.S. Treasury and government agencies $ 978 $ 14,619 $ 7,303 $ 5,873 $ 28,773 U.S. government sponsored agencies — 57,082 60,078 83,300 200,460 States and political subdivisions 10,264 42,516 50,785 105,185 208,750 Residential mortgage-backed securities 1 3,208 53,811 564,671 621,691 Commercial mortgage-backed securities — 11,223 22,783 16,785 50,791 Bank-issued trust preferred securities 1,988 942 3,071 — 6,001 Total available-for-sale securities $ 13,231 $ 129,590 $ 197,831 $ 775,814 $ 1,116,466 Total weighted-average yield 3.59 % 2.31 % 2.77 % 2.73 % 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 March 31, 2024 Obligations of: U.S. government sponsored agencies $ 188,423 $ — $ 309 $ (9,087) $ 179,645 States and political subdivisions 144,315 (238) 73 (31,075) 113,075 Residential mortgage-backed securities 246,579 — 672 (21,630) 225,621 Commercial mortgage-backed securities 100,427 — — (16,656) 83,771 Total held-to-maturity investment securities $ 679,744 $ (238) $ 1,054 $ (78,448) $ 602,112 December 31, 2023 Obligations of: U.S. government sponsored agencies $ 188,475 $ — $ 489 $ (8,139) $ 180,825 States and political subdivisions 144,496 (238) 134 (30,104) 114,288 Residential mortgage-backed securities 248,559 — 1,643 (18,582) 231,620 Commercial mortgage-backed securities 102,365 — — (17,076) 85,289 Total held-to-maturity investment securities $ 683,895 $ (238) $ 2,266 $ (73,901) $ 612,022 There were no sales of held-to-maturity investment securities during either of the three months ended March 31, 2024 or 2023. Management evaluates held-to-maturity investment securities for an allowance for credit losses on a quarterly basis. Peoples has determined that the loss given default for U.S. government sponsored agencies investment securities is zero, due to the fact that it is unlikely the ultimate guarantor (the U.S. government) would not perform on its implicit guarantee in the event of default. The remaining securities are included in the calculation of the allowance for credit losses for held-to-maturity investment securities. Peoples reported $0.2 million of allowance for credit losses for held-to-maturity securities at both March 31, 2024, and December 31, 2023. 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 Unrealized Loss No. of Securities Fair Unrealized Loss No. of Securities Fair Unrealized Loss March 31, 2024 Obligations of: U.S. government sponsored agencies $ 35,986 $ 537 12 118,531 8,550 21 $ 154,517 $ 9,087 States and political subdivisions — — — 109,887 31,075 67 109,887 31,075 Residential mortgage-backed securities 51,550 1,274 17 133,314 20,356 39 184,864 21,630 Commercial mortgage-backed securities 8,575 1,297 5 73,196 15,359 30 81,771 16,656 Total $ 96,111 $ 3,108 34 $ 434,928 $ 75,340 157 $ 531,039 $ 78,448 December 31, 2023 Obligations of: U.S. government sponsored agencies $ 64,487 $ 356 14 $ 86,071 $ 7,783 18 $ 150,558 $ 8,139 States and political subdivisions — — — 111,040 30,104 67 111,040 30,104 Residential mortgage-backed securities 44,379 1,105 14 117,654 17,477 34 162,033 18,582 Commercial mortgage-backed securities 13,919 1,845 6 71,370 15,231 31 85,289 17,076 Total $ 122,785 $ 3,306 34 $ 386,135 $ 70,595 150 $ 508,920 $ 73,901 The table below presents the amortized cost, fair value and total weighted-average yield of held-to-maturity investment securities by contractual maturity at March 31, 2024. The weighted-average yields are based on the amortized cost and are computed on a fully taxable-equivalent basis using a blended federal and state corporate income tax rate of 23.2% at March 31, 2024. 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 10,500 $ 10,643 $ 67,056 $ 100,224 $ 188,423 States and political subdivisions — 6,422 11,419 126,474 144,315 Residential mortgage-backed securities — 451 4,241 241,887 246,579 Commercial mortgage-backed securities 1,490 9,371 38,821 50,745 100,427 Total held-to-maturity investment securities $ 11,990 $ 26,887 $ 121,537 $ 519,330 $ 679,744 Fair value Obligations of: U.S. government sponsored agencies 10,419 $ 10,144 $ 66,436 $ 92,646 $ 179,645 States and political subdivisions — 6,249 9,813 97,013 113,075 Residential mortgage-backed securities — 441 3,696 221,484 225,621 Commercial mortgage-backed securities 1,478 8,719 32,914 40,660 83,771 Total held-to-maturity investment securities $ 11,897 $ 25,553 $ 112,859 $ 451,803 $ 602,112 Total weighted-average yield 3.85 % 2.51 % 4.00 % 3.51 % 3.57 % Other Investment Securities Peoples' other investment securities 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 investment securities: (Dollars in thousands) March 31, 2024 December 31, 2023 FHLB stock $ 28,426 $ 29,949 FRB stock 27,114 26,896 Nonqualified deferred compensation 3,890 3,162 Equity investment securities 2,640 2,545 Other investment securities 869 869 Total other investment securities $ 62,939 $ 63,421 During the three months ended March 31, 2024, Peoples redeemed $8.0 million of FHLB stock in order to be in compliance with the requirements of the FHLB. Peoples purchased $6.5 million of additional FHLB stock during the three months ended March 31, 2024, as a result of the FHLB's capital requirements on FHLB advances. For the three months ended March 31, 2024 and 2023, Peoples recorded the change in the fair value of equity investment securities held during the period, in "Other non-interest income", resulting in an unrealized gains of $47,000 and $21,000, respectively. At March 31, 2024, 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 March 31, 2024. 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) March 31, 2024 December 31, 2023 Securing public and trust department deposits, and repurchase agreements: Available-for-sale $ 809,988 $ 713,033 Held-to-maturity 568,473 559,142 Securing additional borrowing capacity at the FHLB and the FRB: Available-for-sale 98,146 85,899 Held-to-maturity 50,046 39,607

Loans and Leases

Loans and Leases	3 Months Ended
Loans and Leases	Mar. 31, 2024
Receivables [Abstract]
Loans and Leases	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) March 31, December 31, 2023 Construction $ 314,687 $ 364,019 Commercial real estate, other 2,243,780 2,196,957 Commercial and industrial 1,214,615 1,184,986 Premium finance 238,962 203,177 Leases 422,694 414,060 Residential real estate 781,888 791,095 Home equity lines of credit 221,079 208,675 Consumer, indirect 650,228 666,472 Consumer, direct 113,588 128,769 Deposit account overdrafts 1,306 986 Total loans, at amortized cost $ 6,202,827 $ 6,159,196 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 $24.3 million at March 31, 2024 and $24.5 million at December 31, 2023. 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: March 31, 2024 December 31, 2023 (Dollars in thousands) Nonaccrual (a) Accruing Loans 90+ Days Past Due Nonaccrual (a) Accruing Loans 90+ Days Past Due Construction $ — $ — $ — $ — Commercial real estate, other 3,773 231 2,816 78 Commercial and industrial 6,205 10 2,758 316 Premium finance — 2,208 — 1,355 Leases 10,136 4,070 8,436 3,826 Residential real estate 7,450 780 7,921 877 Home equity lines of credit 1,134 181 1,022 171 Consumer, indirect 2,506 134 2,412 68 Consumer, direct 157 48 112 25 Total loans, at amortized cost $ 31,361 $ 7,662 $ 25,477 $ 6,716 (a) There were $3.8 million of nonaccrual loans for which there was no allowance for credit losses at March 31, 2024 and $1.2 million of nonaccrual loans for which there was no allowance for credit losses at December 31, 2023. During the first three months of 2024, nonaccrual loans increased compared to at December 31, 2023, which was primarily due to one large commercial and industrial loan of approximately $1.9 million that went on nonaccrual status during the first quarter of 2024. Further, two leases went on nonaccrual status during the quarter which increased the amount reported by $1.4 million. The increase in accruing loans 90+ days past due at March 31, 2024 when compared to at December 31, 2023, was primarily due to an increase in premium finance loans of approximately $0.9 million which was partially offset by a decrease in commercial and industrial loans. The amount of interest income recognized on accruing loans 90+ days past due during the three months ended March 31, 2024 was $0.5 million. 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 March 31, 2024 Construction $ — $ 15 $ — $ 15 $ 314,672 $ 314,687 Commercial real estate, other 2,369 1,332 2,315 6,016 2,237,764 2,243,780 Commercial and industrial 2,482 850 3,772 7,104 1,207,511 1,214,615 Premium finance 1,436 889 2,208 4,533 234,429 238,962 Leases 15,567 2,496 13,902 31,965 390,729 422,694 Residential real estate 11,726 1,179 4,177 17,082 764,806 781,888 Home equity lines of credit 1,386 731 870 2,987 218,092 221,079 Consumer, indirect 5,448 569 1,421 7,438 642,790 650,228 Consumer, direct 553 129 105 787 112,801 113,588 Deposit account overdrafts — — — — 1,306 1,306 Total loans, at amortized cost $ 40,967 $ 8,190 $ 28,770 $ 77,927 $ 6,124,900 $ 6,202,827 December 31, 2023 Construction $ 13 $ 52 $ — $ 65 $ 363,954 $ 364,019 Commercial real estate, other 2,728 4,556 1,572 8,856 2,188,101 2,196,957 Commercial and industrial 1,717 1,491 3,052 6,260 1,178,726 1,184,986 Premium finance 1,288 867 1,355 3,510 199,667 203,177 Leases 12,743 4,932 12,014 29,689 384,371 414,060 Residential real estate 14,021 2,733 4,481 21,235 769,860 791,095 Home equity lines of credit 1,561 691 683 2,935 205,740 208,675 Consumer, indirect 7,488 1,550 1,230 10,268 656,204 666,472 Consumer, direct 536 282 43 861 127,908 128,769 Deposit account overdrafts — — — — 986 986 Total loans, at amortized cost $ 42,095 $ 17,154 $ 24,430 $ 83,679 $ 6,075,517 $ 6,159,196 Delinquency trends improved slightly, as 98.7% of Peoples' loan portfolio was considered “current” at March 31, 2024, compared to 98.6% at December 31, 2023. 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) March 31, 2024 December 31, 2023 Loans pledged to FHLB $ 1,173,512 $ 1,206,134 Loans pledged to FRB 445,922 419,245 Credit Quality Indicators As discussed in "Note 1 Summary of Significant Accounting Policies" of the Notes to the Consolidated Financial Statements included in Peoples' 2023 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 current 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", 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 March 31, 2024: Term Loans at Amortized Cost by Origination Year Revolving Loans Converted to Term (Dollars in thousands) 2024 2023 2022 2021 2020 Prior Revolving Loans Total Loans Construction Pass $ 13,704 $ 94,507 $ 124,789 $ 56,375 $ 3,724 $ 17,756 $ — $ — $ 310,855 Special mention — — 918 — — 121 — — 1,039 Substandard — 1,192 1,573 — — 28 — — 2,793 Total 13,704 95,699 127,280 56,375 3,724 17,905 — — 314,687 Current period gross charge-offs — — — — — — — Commercial real estate, other Pass 36,998 206,459 356,061 380,773 224,446 873,082 44,060 186 2,121,879 Special mention — 751 16,484 3,660 7,038 21,538 394 38 49,865 Substandard — 441 2,197 14,316 8,509 46,271 292 — 72,026 Doubtful — — — — — 10 — — 10 Total 36,998 207,651 374,742 398,749 239,993 940,901 44,746 224 2,243,780 Current period gross charge-offs — — 212 — — — 212 Commercial and industrial Pass 60,989 224,493 168,480 164,175 78,926 186,985 228,165 1,137 1,112,213 Special mention — 3,474 11,329 1,562 9,340 5,517 23,638 5,500 54,860 Substandard — 93 2,868 30,387 4,595 5,685 1,829 778 45,457 Doubtful — — 1,911 — — 174 — — 2,085 Total 60,989 228,060 184,588 196,124 92,861 198,361 253,632 7,415 1,214,615 Term Loans at Amortized Cost by Origination Year Revolving Loans Converted to Term (Dollars in thousands) 2024 2023 2022 2021 2020 Prior Revolving Loans Total Loans Current period gross charge-offs — — — 15 57 163 235 Premium Finance Pass 134,052 104,528 382 — — — — — 238,962 Total 134,052 104,528 382 — — — — — 238,962 Current period gross charge-offs — 31 23 — — — 54 Leases Pass 74,212 177,358 100,634 44,614 10,630 2,054 — — 409,502 Special mention — 1,575 1,179 295 105 — — — 3,154 Substandard — 2,378 4,555 2,364 328 413 — — 10,038 Total 74,212 181,311 106,368 47,273 11,063 2,467 — — 422,694 Current period gross charge-offs — 596 454 169 28 23 1,270 Residential real estate Pass 13,458 73,850 89,518 137,348 57,315 400,297 — — 771,786 Substandard — 119 188 453 178 9,082 — — 10,020 Loss — — — — — 82 — — 82 Total 13,458 73,969 89,706 137,801 57,493 409,461 — — 781,888 Current period gross charge-offs — — — 5 — 75 80 Home equity lines of credit Pass 18,738 40,864 41,076 31,757 18,917 68,214 26 1,066 219,592 Substandard — 40 58 95 34 1,252 — — 1,479 Loss — — — — — 8 — — 8 Total 18,738 40,904 41,134 31,852 18,951 69,474 26 1,066 221,079 Current period gross charge-offs — — — — — — — Consumer, indirect Pass 42,573 232,913 204,737 85,796 50,864 29,835 — — 646,718 Substandard — 760 934 756 568 412 — — 3,430 Loss — 30 45 3 — 2 — — 80 Total 42,573 233,703 205,716 86,555 51,432 30,249 — — 650,228 Current period gross charge-offs — 564 550 219 75 53 1,461 Consumer, direct Pass 16,228 35,984 32,493 15,127 7,061 6,405 — — 113,298 Substandard — 52 93 48 16 75 — — 284 Term Loans at Amortized Cost by Origination Year Revolving Loans Converted to Term (Dollars in thousands) 2024 2023 2022 2021 2020 Prior Revolving Loans Total Loans Loss — — — — — 6 — — 6 Total 16,228 36,036 32,586 15,175 7,077 6,486 — — 113,588 Current period gross charge-offs — 48 82 11 7 78 226 Deposit account overdrafts 1,306 — — — — — — — 1,306 Current period gross charge-offs 336 — — — — — 336 Total loans, at amortized cost 412,258 1,201,861 1,162,502 969,904 482,594 1,675,304 298,404 8,705 6,202,827 Total current period gross charge-offs $ 336 $ 1,239 $ 1,321 $ 419 $ 167 $ 392 $ 3,874 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, 2023: Term Loans at Amortized Cost by Origination Year (Dollars in thousands) 2023 2022 2021 2020 2019 Prior Revolving Loans Revolving Loans Converted to Term Total Loans Construction Pass $ 80,273 $ 141,245 $ 85,913 $ 27,169 $ 9,995 $ 12,723 $ — $ — $ 357,318 Special mention — 3,757 — — — 123 — — 3,880 Substandard 1,200 1,590 — — — 31 — — 2,821 Total 81,473 146,592 85,913 27,169 9,995 12,877 — — 364,019 Current period gross charge-offs — — 9 — — — 9 Commercial real estate, other Pass 199,565 327,762 366,752 227,604 262,099 650,265 37,177 189 2,071,224 Special mention 999 12,975 4,850 10,324 7,074 22,186 408 41 58,816 Substandard 287 2,421 5,878 8,679 1,972 47,213 457 — 66,907 Doubtful — — — — — 10 — — 10 Total 200,851 343,158 377,480 246,607 271,145 719,674 38,042 230 2,196,957 Current period gross charge-offs — — — 39 — 575 614 Commercial and industrial Pass 225,894 180,068 212,938 86,934 55,434 132,675 213,714 38 1,107,657 Special mention 540 12,051 533 9,723 4,722 6,336 16,236 8,614 50,141 Substandard 78 6,441 5,104 5,617 1,602 6,278 1,889 779 27,009 Doubtful — — — — — 179 — — 179 Total 226,512 198,560 218,575 102,274 61,758 145,468 231,839 9,431 1,184,986 Current period gross charge-offs — 36 202 25 173 415 851 Premium finance Pass 201,659 1,517 1 — — — — — 203,177 Total 201,659 1,517 1 — — — — — 203,177 Current period gross charge-offs 25 97 — — — — 122 Leases Term Loans at Amortized Cost by Origination Year (Dollars in thousands) 2023 2022 2021 2020 2019 Prior Revolving Loans Revolving Loans Converted to Term Total Loans Pass 216,559 114,327 51,307 14,061 4,883 1,501 — — 402,638 Special mention 363 1,529 476 81 1 5 — — 2,455 Substandard 1,937 3,006 2,944 448 321 311 — — 8,967 Total 218,859 118,862 54,727 14,590 5,205 1,817 — — 414,060 Current period gross charge-offs 963 1,328 1,173 233 165 135 3,997 Residential real estate Pass 75,957 91,506 140,157 58,144 45,507 369,552 — — 780,823 Substandard 43 243 585 182 529 8,604 — — 10,186 Loss — — — — — 86 — — 86 Total 76,000 91,749 140,742 58,326 46,036 378,242 — — 791,095 Current period gross charge-offs — — — — — 170 170 Home equity lines of credit Pass 39,706 42,565 33,406 19,838 14,297 57,482 27 1,346 207,321 Substandard 19 — 61 34 123 1,109 — — 1,346 Loss — — — — — 8 — — 8 Total 39,725 42,565 33,467 19,872 14,420 58,599 27 1,346 208,675 Current period gross charge-offs — — — — — 110 110 Consumer, indirect Pass 247,829 225,225 96,698 59,044 18,644 15,977 — — 663,417 Substandard 333 934 789 558 190 206 — — 3,010 Loss 7 34 2 — 2 — — — 45 Total 248,169 226,193 97,489 59,602 18,836 16,183 — — 666,472 Current period gross charge-offs 609 2,091 865 255 63 147 4,030 Consumer, direct Pass 58,445 37,050 17,434 8,282 3,185 4,081 — — 128,477 Substandard 55 79 47 28 30 27 — — 266 Loss — — — — — 26 — — 26 Total 58,500 37,129 17,481 8,310 3,215 4,134 — — 128,769 Current period gross charge-offs 36 154 77 100 14 35 416 Deposit account overdrafts 986 — — — — — — — 986 Current period gross charge-offs 1,161 1,161 Total loans, at amortized cost $ 1,352,734 $ 1,206,325 $ 1,025,875 $ 536,750 $ 430,610 $ 1,336,994 $ 269,908 $ 11,007 $ 6,159,196 Current period gross charge-offs $ 2,794 $ 3,706 $ 2,326 $ 652 $ 415 $ 1,587 $ 11,480 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 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) March 31, 2024 December 31, 2023 Commercial real estate, other $ 689 $ — Leases 738 — Residential real estate 501 501 Total collateral dependent loans $ 1,928 $ 501 The increase in collateral dependent loans at March 31, 2024, compared to December 31, 2023, was primarily due to the addition of a commercial real estate loan and a lease as collateral dependent loans during the three months ended March 31, 2024. 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 following tables display the amortized cost of loans that were restructured during the three months ended March 31, 2024 and March 31, 2023, presented by loan classification. Payment Delay (Only) (Dollars in thousands) Forbearance Plan Payment Deferral Term Extension Forbearance Plan and Term Extension Total Percentage of Total by Loan Category (a)(b) During the Three Months Ended March 31, 2024 Commercial real estate — — $ 565 $ — $ 565 0.03 % Commercial and industrial — — 10,203 — 10,203 0.84 % Leasing — 25 — — 25 0.01 % Residential real estate — — 76 — 76 0.01 % Total $ — $ 25 $ 10,844 $ — $ 10,869 0.18 % During the Three Months Ended March 31, 2023 Construction $ — $ 1,600 $ — $ — $ 1,600 0.69 % Commercial real estate 200 — — — 200 0.01 % Commercial and industrial — — 9 335 344 0.04 % Residential real estate — — 221 — 221 0.03 % Consumer, indirect — — 28 — 28 — % Total $ 200 $ 1,600 $ 258 $ 335 $ 2,393 0.05 % (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 of period end. The following table summarizes the financial impacts of loan modifications and payment deferrals made to loans during both the three months ended March 31, 2024 and March 31, 2023, presented by loan classification. Weighted-Average Term Extension Average Amount Capitalized as a Result of a Payment Delay (a) During the Three Months Ended March 31, 2024 Commercial real estate 6 $ — Commercial and industrial 6 — Leasing 9 — Residential real estate 2 — During the Three Months Ended March 31, 2023 Commercial and industrial 12 — Residential real estate 210 8,969 Consumer, indirect 2 — (a) Represents the average amount of delinquency-related amounts that were capitalized as part of the loan balance. Amounts are in whole dollars. The following table displays 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 period 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. For the Three Months Ended March 31, 2024 Payment Delay as a Result of a Payment Deferral (Only) (a) Total Commercial and industrial $ 648 $ 648 (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. As of March 31, 2023, there were no loans that were modified for borrowers experiencing financial difficulty since the adoption of ASU 2022-02 on January 1, 2023, and subsequently defaulted during the three months ended March 31, 2023. The following table displays an aging analysis of loans that were modified during the twelve months prior to March 31, 2024, presented by classification and class of financing receivable. As of March 31, 2024 (Dollars in thousands) 30-59 Days Delinquent 60-89 Days Delinquent 90+ Days Delinquent Total Delinquent Current Total Construction $ — $ — $ — $ — $ 70 $ 70 Commercial real estate 193 — — 193 2,443 2,636 Commercial and industrial — 667 648 1,315 12,752 14,067 Leasing — — — — 25 25 Residential real estate 76 — — 76 24 100 Home equity lines of credit — — — — 207 207 Total loans modified (a) $ 269 $ 667 $ 648 $ 1,584 $ 15,521 $ 17,105 (a) Represents the amortized cost basis as of period end. The following table displays an aging analysis of loans that were modified on or after January 1, 2023, the date Peoples adopted ASU 2022-02, through March 31, 2023, presented by classification and class of financing receivable. As of March 31, 2023 (Dollars in thousands) 30-59 Days Delinquent 60-89 Days Delinquent 90+ Days Delinquent Total Delinquent Current Total Construction $ — $ — $ — $ — $ 1,600 $ 1,600 Commercial real estate 0 0 0 0 200 200 Commercial and industrial 0 0 0 0 344 344 Residential real estate 0 0 0 0 221 221 Consumer, indirect 28 0 0 28 0 28 Total loans modified (a) $ 28 $ — $ — $ 28 $ 2,365 $ 2,393 (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' 2023 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 months ended March 31, 2024 and March 31, 2023 are summarized below: (Dollars in thousands) Beginning Balance, December 31, 2023 Initial Allowance for Acquired PCD Assets Provision for (Recovery of) Credit Losses (a) Charge-offs Recoveries Ending Balance, March 31, 2024 Construction $ 699 $ — $ 2 $ — $ — $ 701 Commercial real estate, other 20,915 — 1,002 (212) 83 21,788 Commercial and industrial 10,490 — 319 (235) 7 10,581 Premium finance 484 — 169 (54) 8 607 Leases 10,850 — 3,097 (1,270) 212 12,889 Residential real estate 5,937 — (74) (80) 83 5,866 Home equity lines of credit 1,588 — 94 — 7 1,689 Consumer, indirect 8,590 — 1,101 (1,461) 71 8,301 Consumer, direct 2,343 — 153 (226) 9 2,279 Deposit account overdrafts 115 — 268 (336) 74 121 Total $ 62,011 $ — $ 6,131 $ (3,874) $ 554 $ 64,822 (a) Amount does not include the provision for the allowance for credit losses on unfunded commitments. (Dollars in thousands) Beginning Balance, Initial Allowance for Acquired PCD Assets (a) Provision for (Recovery of) Credit Losses (b) Charge-offs Recoveries Ending Balance, March 31, 2023 Construction $ 1,250 $ — $ 32 $ (9) $ — $ 1,273 Commercial real estate, other 17,710 — (1,230) (33) 27 16,474 Commercial and industrial 8,229 — 79 (1) — 8,307 Premium finance 344 — 103 (23) 9 433 Leases 8,495 — 1,003 (469) 80 9,109 Residential real estate 6,357 — 159 (41) 29 6,504 Home equity lines of credit 1,693 — 43 (19) — 1,717 Consumer, indirect 7,448 — 1,183 (929) 79 7,781 Consumer, direct 1,575 — 133 (104) 15 1,619 Deposit account overdrafts 61 — 180 (227) 72 86 Total $ 53,162 $ — $ 1,685 $ (1,855) $ 311 $ 53,303 (a) Includes purchase price adjustments related to acquisitions previously completed but were within the 12-month measurement period. (b) Amount does not include the provision for the allowance for credit losses on unfunded commitments. During the first quarter of 2024, Peoples recorded a total provision for credit losses of $6.1 million, which was driven by (i) a deterioration in macro-economic conditions used within the current expected credit loss ("CECL") model, (ii) an increase of reserves on individually analyzed loans, (iii) and loan growth. The increase in the allowance for credit losses at March 31, 2024 when compared to prior periods was driven by the establishment of an allowance for credit losses for loans acquired in the Limestone Merger. During the first quarter of 2023, Peoples recorded a provision for credit losses of $1.7 million, largely attributable to a deterioration of macro-economic conditions, partially offset by a reduction in reserves for individually analyzed loans. Net charge-offs for the first quarter of 2023 were $1.5 million, primarily due to net charge-offs of indirect consumer loans of $0.9 million. Peoples had recorded an allowance for unfunded commitments of $1.7 million and $1.8 million as of March 31, 2024 and December 31, 2023, 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 A

Goodwill and Other Intangible Assets	3 Months Ended
Goodwill and Other Intangible Assets	Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets Goodwill The following table details changes in the recorded amount of goodwill: (Dollars in thousands) March 31, 2024 December 31, 2023 Goodwill, beginning of year $ 362,169 $ 292,397 Goodwill recorded from acquisitions — 69,772 Goodwill, end of period $ 362,169 $ 362,169 As of the close of business on April 30, 2023, Peoples completed its merger with Limestone Bancorp, Inc. ("Limestone") pursuant to an Agreement and Plan of Merger dated October 24, 2022, at which point Limestone merged with and into Peoples, and immediately thereafter, Limestone Bank, Inc., the subsidiary bank of Limestone, merged with and into Peoples Bank (collectively, the “Limestone Merger”). As of March 31, 2024, Peoples recorded $68.8 million of Goodwill related to the Limestone Merger. Other Intangible Assets Other intangible assets were comprised of the following at March 31, 2024 , and at December 31, 2023 : (Dollars in thousands) Core Deposits Customer Relationships Indefinite-Lived Trade Names Total March 31, 2024 Gross intangibles $ 54,186 $ 37,920 $ 2,491 $ 94,597 Intangibles recorded from acquisitions — — — — Accumulated amortization (27,138) (21,938) — (49,076) Total acquisition-related intangibles $ 27,048 $ 15,982 $ 2,491 $ 45,521 Servicing rights 1,285 Non-compete agreements 310 Total other intangibles $ 47,116 December 31, 2023 Gross intangibles $ 26,464 $ 37,920 $ 2,491 $ 66,875 Intangibles recorded from acquisitions 27,722 — — 27,722 Accumulated amortization (25,670) (20,680) — (46,350) Total acquisition-related intangibles $ 28,516 $ 17,240 $ 2,491 $ 48,247 Servicing rights 1,385 Non-compete agreements 371 Total other intangibles $ 50,003 As of March 31, 2024, Peoples recorded $27.7 million of core deposit intangibles related to the Limestone Merger. Refer to "Note 13 Acquisitions" for additional information. The following table details estimated aggregate future amortization of other intangible assets at March 31, 2024: (Dollars in thousands) Core Deposits Customer Relationships Non-Compete Agreements Total Remaining nine months of 2024 $ 4,406 $ 3,770 $ 182 $ 8,358 2025 4,609 4,038 112 $ 8,759 2026 3,736 2,954 16 $ 6,706 2027 3,043 2,112 — $ 5,155 2028 2,608 1,392 — $ 4,000 Thereafter 8,646 1,716 — $ 10,362 Total $ 27,048 $ 15,982 $ 310 $ 43,340 The weighted average amortization period of other intangible assets is 8.5 years.

Deposits

Deposits	3 Months Ended
Deposits	Mar. 31, 2024
Banking and Thrift, Other Disclosure [Abstract]
Deposits	Deposits Peoples’ deposit balances were comprised of the following: (Dollars in thousands) March 31, 2024 December 31, 2023 Retail certificates of deposits ("CDs"): $100 or more $ 956,845 $ 815,300 Less than $100 723,569 628,117 Total Retail CDs 1,680,414 1,443,417 Interest-bearing deposit accounts 1,107,711 1,144,357 Savings accounts 901,493 919,244 Money market deposit accounts 859,961 775,488 Governmental deposit accounts 825,170 726,713 Brokered CDs 483,444 575,429 Total interest-bearing deposits 5,858,193 5,584,648 Non-interest-bearing deposits $ 1,468,363 1,567,649 Total deposits $ 7,326,556 $ 7,152,297 Uninsured deposits were $2.1 billion and $2.0 billion at March 31, 2024 and at December 31, 2023 , respectively. Uninsured 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 o ver $865.6 million o f the uninsured deposit balances at March 31, 2024 . Uninsured time deposits are broken out below by time remaining until maturity. (Dollars in thousands) March 31, 2024 December 31, 2023 3 months or less $ 99,470 $ 58,708 Over 3 to 6 months 127,433 99,928 Over 6 to 12 months 148,528 131,263 Over 12 months 21,465 37,180 Total $ 396,896 $ 327,079 The contractual maturities of CDs for each of the next five years, including the remainder of 2024, and thereafter are as follows: (Dollars in thousands) Retail Brokered Total Remaining nine months ending December 31, 2024 $ 1,407,331 $ 483,444 $ 1,890,775 Year ending December 31, 2025 221,303 — 221,303 Year ending December 31, 2026 17,753 — 17,753 Year ending December 31, 2027 24,770 — 24,770 Year ending December 31, 2028 7,544 — 7,544 Thereafter 1,713 — 1,713 Total CDs $ 1,680,414 $ 483,444 $ 2,163,858 At March 31, 2024, Peoples had 11 effective interest rate swaps, with an aggregate notional value of $105.0 million, all of which were funded by brokered CDs. Brokered CDs used to fund interest rate swaps 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

Stockholders' Equity	3 Months Ended
Stockholders' Equity	Mar. 31, 2024
Equity [Abstract]
Stockholders' Equity	Stockholders’ Equity The following table details the progression in Peoples’ common shares and treasury stock during the three months ended March 31, 2024: Common Shares Treasury Shares at December 31, 2023 36,736,041 1,511,348 Changes related to stock-based compensation awards: Release of restricted common shares — 25,458 Cancellation of restricted common shares — 16,972 Grant of restricted common shares — (291,480) Changes related to deferred compensation plan for Boards of Directors: Purchase of treasury stock — 4,643 Disbursed out of treasury stock — (911) Common shares repurchased under share repurchase program — 100,905 Common shares issued under dividend reinvestment plan 11,746 — Common shares issued under compensation plan for Boards of Directors — (4,680) Common shares issued under employee stock purchase plan — (6,918) Shares at March 31, 2024 36,747,787 1,355,337 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 March 31, 2024, Peoples had repurchased 471,307 common shares totaling $13.4 million under the share repurchase program. There were 100,905 common shares totaling $3.0 million repurchased during the first three months of 2024. 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 March 31, 2024, Peoples had no preferred shares issued or outstanding. On January 22, 2024, Peoples' Board of Directors declared a quarterly cash dividend of $0.39 per common share, payable on February 20, 2024, to shareholders of record on February 5, 2024. On April 22, 2024, Peoples' Board of Directors declared a quarterly cash dividend of $0.40 per common share, payable on May 20, 2024, to shareholders of record on May 6, 2024. The following table details the cash dividends declared per common share during the first two quarters of 2024 and the comparable periods of 2023: 2024 2023 First quarter $ 0.39 $ 0.38 Second quarter 0.40 0.39 Total dividends declared $ 0.79 $ 0.77 Accumulated Other Comprehensive (Loss) Income The following table details the change in the components of Peoples’ accumulated other comprehensive (loss) income during the three months ended March 31, 2024: (Dollars in thousands) Unrealized (Loss) Gain on Securities Unrealized Gain on Cash Flow Hedges Accumulated Other Comprehensive (Loss) Income Balance, December 31, 2023 $ (104,222) $ 2,632 $ (101,590) Reclassification adjustments to net income: Realized loss on sale of securities, net of tax 1 — 1 Other comprehensive (loss) income, net of reclassifications and tax (7,547) 196 (7,351) Balance, March 31, 2024 $ (111,768) $ 2,828 $ (108,940)

Employee Benefit Plans

Employee Benefit Plans	3 Months Ended
Employee Benefit Plans	Mar. 31, 2024
Retirement Benefits [Abstract]
Employee Benefit Plans	Employee Benefit Plans Peoples sponsored a noncontributory defined benefit pension plan that covered substantially all employees hired before January 1, 2010. The plan provided retirement benefits based on an employee’s years of service and compensation. For employees hired before January 1, 2003, the amount of post-retirement benefit was based on the employee’s average monthly compensation over the highest five Retirement Savings Plan Peoples also 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. As of January 1, 2021, Peoples matches 100% of participants’ contributions up to 6% of the participants’ compensation. Matching contributions made by Peoples during the first quarter of 2024 totaled $1.5 million. Matching contributions totaled $5.4 million in 2023 and $4.4 million in 2022.

Earnings Per Common Share

Earnings Per Common Share	3 Months Ended
Earnings Per Common Share	Mar. 31, 2024
Earnings Per Share [Abstract]
Earnings Per Common Share	Earnings Per Common Share The calculations of basic and diluted earnings per common share were as follows: Three Months Ended March 31, (Dollars in thousands, except per common share data) 2024 2023 Net income available to common shareholders $ 29,584 $ 26,560 Less: Dividends paid on unvested common shares (143) (102) Less: Undistributed income allocated to unvested common shares (64) (34) Net earnings allocated to common shareholders $ 29,377 $ 26,424 Weighted-average common shares outstanding 34,740,349 27,891,760 Effect of potentially dilutive common shares 311,461 130,119 Total weighted-average diluted common shares outstanding 35,051,810 28,021,879 Earnings per common share: Basic $ 0.85 $ 0.95 Diluted $ 0.84 $ 0.94 Anti-dilutive common shares excluded from calculation: Restricted common shares 3,180 155,018

Derivative Financial Instrument

Derivative Financial Instruments	3 Months Ended
Derivative Financial Instruments	Mar. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	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. The fair value of derivative financial instruments is included in the "Other assets" and the "Accrued expenses and other liabilities" lines in the accompanying Unaudited Consolidated Balance Sheets, while cash activity related to these derivative financial instruments is included in the activity in "Net cash provided by operating activities" in the Unaudited Condensed Consolidated Statements of Cash Flows. 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 March 31, 2024, Peoples had entered into 11 interest rate swap contracts with an aggregate notional value of $105.0 million. Peoples will pay a fixed rate of interest for up to ten years while receiving a floating rate component of interest equal to term SOFR. The interest received on the floating rate component is intended to offset the interest paid on rolling three-month brokered CDs, which will continue to be rolled through the life of the interest rate swaps. At both March 31, 2024 and at December 31, 2023, the interest rate swaps were designated as cash flow hedges of $105.0 million, 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, the effective and ineffective portions of 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 are matched to the reset dates and payment dates on the receipt of the term SOFR rate (or the three-month LIBOR floating portion prior to June 30, 2023) of the swaps to ensure effectiveness of the cash flow hedge. During the three months ended March 31, 2024, and 2023, Peoples recorded reclassifications of losses to earnings of $0.9 million and $0.1 million, respectively. During the next twelve months, Peoples estimates that $1.4 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) March 31, December 31, Notional amount $ 105,000 $ 105,000 Weighted average pay rates 2.22 % 2.22 % Weighted average receive rates 5.02 % 4.63 % Weighted average maturity 1.7 years 2.0 years Pre-tax changes in fair value included in AOCI $ 3,689 $ 3,434 The following table presents changes in fair value recorded in AOCI and in the Consolidated Statements of Operations related to the cash flow hedges: Three Months Ended March 31, (Dollars in thousands) 2024 2023 Amount of losses (gains) recorded in AOCI, pre-tax $ (1,872) $ 1,356 The following table reflects the cash flow hedges, which are included in the Unaudited Consolidated Balance Sheets at fair value: March 31, December 31, (Dollars in thousands) Notional Amount Fair Value Notional Amount Fair Value Included in "Other assets": Interest rate swaps related to debt $ 105,000 $ 3,574 $ 105,000 $ 3,314 Non-Designated Hedges Peoples maintains an interest rate protection program for commercial loan customers, which was established in 2010. Under this program, Peoples originates variable rate loans with interest rate swaps, where the customer enters into an interest rate swap with Peoples 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 months ended March 31, 2024 and at or for the year ended December 31, 2023. The following table reflects the non-designated hedges, which are included in the Unaudited Consolidated Balance Sheets at fair value: March 31, December 31, (Dollars in thousands) Notional Amount Fair Value Notional Amount Fair Value Included in "Other assets": Interest rate swaps related to commercial loans $ 399,071 $ 21,575 $ 416,106 $ 18,990 Included in "Accrued expenses and other liabilities": Interest rate swaps related to commercial loans $ 399,071 $ 21,688 $ 416,106 $ 19,122 Pledged Collateral Peoples pledges or receives collateral for all interest rate swaps. When the fair value of Peoples' interest rate swaps is in a net liability position, Peoples must pledge collateral, and, when the fair value of Peoples' interest rate swaps is in a net asset position, the respective counterparties must pledge collateral. At March 31, 2024 and at December 31, 2023, Peoples had no cash pledged, while counterparties had $15.5 million of cash pledged at March 31, 2024 and $12.8 million of cash pledged at December 31, 2023. Peoples had no pledged investment securities at March 31, 2024 or at December 31, 2023, while the counterparties had pledged investment securities in the amounts of $2.1 million at March 31, 2024 and $2.2 million at December 31, 2023.

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
Stock-Based Compensation	Mar. 31, 2024
Share-Based Payment Arrangement [Abstract]
Stock-Based Compensation	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 common shares. 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 The following table summarizes the changes to Peoples’ restricted common shares for the three months ended March 31, 2024: 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 Oustanding at January 1, 2024 142,419 $ 28.78 403,970 $ 31.21 Awarded 7,768 28.95 283,712 27.92 Released (5,316) 31.35 (72,550) 31.48 Forfeited (5,938) 31.99 (11,034) 29.48 Outstanding at March 31, 2024 138,933 $ 28.56 604,098 $ 29.66 For the three months ended March 31, 2024, the intrinsic value for restricted common shares released was $2.2 million compared to $2.3 million for the three months ended March 31, 2023. 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 March 31, (Dollars in thousands) 2024 2023 Employee stock-based compensation expense: Stock grant expense $ 3,024 $ 2,150 Employee stock purchase plan expense 66 39 Total employee stock-based compensation expense $ 3,090 $ 2,189 Non-employee director stock-based compensation expense $ 138 $ 136 Total stock-based compensation expense $ 3,228 $ 2,325 Recognized tax benefit (752) (543) Net stock-based compensation expense $ 2,476 $ 1,782 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 $9.4 million at March 31, 2024, which will be recognized over a weighted-average period of 2.3 years.

Revenue

Revenue	3 Months Ended
Revenue	Mar. 31, 2024
Revenue from Contract with Customer [Abstract]
Revenue	Revenue The following table details Peoples' revenue from contracts with customers: Three Months Ended March 31, (Dollars in thousands) 2024 2023 Insurance income: Commission and fees from sale of insurance policies (a) $ 4,199 $ 3,816 Fees related to third-party administration services (a) 86 82 Performance-based commissions (b) 2,213 1,527 Trust and investment income: Fiduciary income (a) 2,757 2,457 Brokerage income (a) 1,842 1,627 Electronic banking income: Interchange income (a) 4,797 4,181 Promotional and usage income (a) 1,249 1,262 Deposit account service charges: Ongoing maintenance fees for deposit accounts (a) 1,718 1,461 Transaction-based fees (b) 2,505 2,062 Commercial loan swap fees (b) 52 — Other non-interest income transaction-based fees (b) 504 430 Total revenue from contracts with customers $ 21,922 $ 18,905 Timing of revenue recognition: Services transferred over time $ 16,648 $ 14,886 Services transferred at a point in time 5,274 4,019 Total revenue from contracts with customers $ 21,922 $ 18,905 (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 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 three-month period ended March 31, 2024: Contract Assets Contract Liabilities (Dollars in thousands) Balance, January 1, 2024 $ 753 $ 5,776 Additional income receivable 37 — Additional deferred income — 26 Receipt of income previously receivable (50) — Recognition of income previously deferred — (529) Balance, March 31, 2024 $ 740 $ 5,273

Acquisitions

Acquisitions	3 Months Ended
Acquisitions	Mar. 31, 2024
Business Combination and Asset Acquisition [Abstract]
Acquisitions	Acquisitions Limestone Bancorp, Inc. As of the close of business on April 30, 2023, Peoples completed the Limestone Merger. In connection with the Limestone Merger, Limestone Bank, Inc., which operated 20 branches in Kentucky, merged into Peoples Bank. As consideration in the Limestone Merger, Limestone shareholders were paid 0.90 common shares of Peoples for each full share of Limestone that was owned at the merger date, resulting in the issuance of 6,827,668 common shares by Peoples, or aggregate consideration of $177.9 million. Peoples accounted for this transaction as a business combination under the acquisition method. Peoples recorded acquisition-related expenses primarily related to the Limestone Merger, which included $(0.1) million in non-interest expense for the three months ended March 31, 2024. Peoples recorded acquisition-related expenses related to the Limestone Merger, which included $16.9 million in non-interest expense for the year ended December 31, 2023. The following table provides the preliminary purchase price calculation as of the date of the Limestone Merger, and the assets acquired and liabilities assumed at their estimated fair values. The estimated fair values below are subject to adjustment for up to one year after April 30, 2023, which include, but are not limited to, loans, including the designation of PCD loans, deferred tax assets and liabilities, long-term borrowings, and certain other assets and other liabilities. (Dollars in thousands) Fair Value Total purchase price $ 177,931 Assets Cash and balances due from banks 6,422 Interest-bearing deposits in other banks 87,115 Total cash and cash equivalents 93,537 Available-for-sale investment securities, at fair value 166,944 Other investment securities 5,716 Total investment securities 172,660 Loans 1,077,929 Allowance for credit losses (on PCD loans) (2,051) Net loans 1,075,878 Bank premises and equipment, net of accumulated depreciation 17,690 (Dollars in thousands) Fair Value Bank owned life insurance 31,343 Other intangible assets 27,722 Other assets 36,874 Total assets 1,455,704 Liabilities Deposits: Non-interest-bearing 262,727 Interest-bearing 971,457 Total deposits 1,234,184 Short-term borrowings 60,000 Long-term borrowings 39,453 Accrued expenses and other liabilities 12,967 Total liabilities 1,346,604 Net assets 109,100 Goodwill $ 68,831 The goodwill recorded in connection with the Limestone Merger is related to expected synergies to be gained from the combination of Limestone with Peoples' operations. The employees retained from the Limestone Merger and the geographic locations of Limestone should allow Peoples to continue to grow the loan and deposit portfolios while also increasing Peoples' ability to penetrate the new markets, which should benefit Peoples in future periods. During Peoples' evaluation of intangible assets, it was determined that an assembled workforce intangible asset was not separately recognizable and was included in goodwill. Peoples recorded a core deposit asset in other intangible assets related to the Limestone Merger. There were no changes in the estimated fair value that impacted goodwill for the three months ended March 31, 2024. Loans acquired by Peoples in a business combination that have evidence of more than insignificant credit deterioration, which includes loans as to which Peoples believes it is probable that Peoples will be unable to collect all contractually required payments, are considered "purchased credit deteriorated" (or "PCD") loans. Acquired PCD loans are reported net of the unamortized fair value adjustment. These loans are recorded at the purchase price, and an allowance for credit losses is determined based upon discrete credit marks, along with discounted cash flow models based upon similar pools of loans, using a similar methodology as for other loans. The following table details the fair value adjustment for acquired PCD loans as of the acquisition date: (Dollars in thousands) Par Value Allowance for Credit Losses Non-Credit (Discount) Premium Fair Value PCD loans Commercial real estate, other 30,907 (1,340) (2,160) 27,407 Commercial and industrial 16,466 (379) (610) 15,477 Residential real estate 6,328 (228) (770) 5,330 Home equity lines of credit 774 (18) 11 767 Consumer 1,029 (86) 78 1,021 Fair value $ 55,504 $ (2,051) $ (3,451) $ 50,002

Leases

Leases	3 Months Ended
Leases	Mar. 31, 2024
Leases [Abstract]
Leases	Leases 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 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 in the lease, net of initial direct costs, charge-offs and an allowance for credit losses. Peoples considers leases past due if any required principal or interest 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, a lease is 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. Peoples originates sales-type leases through its NSL division, as these leases are structured as dollar buy-out, whereby the lessee pays one dollar at maturity of the lease to purchase the equipment. These leases do not typically contain residual value guarantees; however, if a lease contains a residual value guarantee, Peoples reduces its residual asset risk by obtaining a security deposit from the lessee. Peoples also originates leases through its Vantage subsidiary, which are classified as either sales-type or direct financing leases based primarily on whether they included a dollar buy-out or a fair market value buy-out, respectively. As a lessor, Peoples originates commercial equipment leases either directly to the customer or indirectly through vendor programs. Equipment leases relate to automotive, construction, health care, manufacturing, office, restaurant, information technology and other equipment. Finance leases include an estimated residual value, which is assessed for impairment as part of the allowance for credit losses. Lease (loss) income noted in the table below includes (i) gains on the early termination of leases, (ii) fees received for referrals, (iii) gains and losses recognized on the sales of residual assets and (iv) 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 (Dollars in thousands) March 31, 2024 March 31, 2023 Interest and fees on leases (a) $ 12,067 $ 9,643 Lease income 1,236 1,077 Other non-interest income 785 — Total lease income $ 14,088 $ 10,720 (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) March 31, 2024 December 31, 2023 Lease payments receivable, at amortized cost $ 473,987 $ 463,742 Estimated residual values 34,157 33,448 Initial direct costs 7,334 7,114 Deferred revenue (92,784) (90,244) Net investment in leases 422,694 414,060 Allowance for credit losses - leases (12,889) (10,850) Net investment in leases, after allowance for credit losses $ 409,805 $ 403,210 The following table summarizes the contractual maturities of leases: (Dollars in thousands) Balance Remaining nine months ending December 31, 2024 $ 103,408 Year ending December 31, 2025 109,429 Year ending December 31, 2026 100,493 Year ending December 31, 2027 82,587 Year ending December 31, 2028 55,038 Thereafter 23,032 Lease payments receivable, at amortized cost $ 473,987 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 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 (Dollars in thousands) March 31, 2024 March 31, 2023 Operating lease expense 735 695 Short-term lease expense 305 95 Total lease expense $ 1,040 $ 790 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 and the interest rate environment at the lease commencement or remeasurement date. 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) March 31, 2024 December 31, 2023 ROU assets: Other assets $ 11,682 $ 11,689 Lease liabilities: Accrued expenses and other liabilities $ 12,062 $ 12,080 Other information: Weighted-average remaining lease term 9.2 years 9.5 years Weighted-average discount rate 3.92 % 3.34 % Additions for ROU assets obtained during the year $ 509 $ 4,428 During both the three months ended March 31, 2024 and 2023, Peoples paid cash of $0.7 million for operating leases. The following table summarizes the maturity of remaining lease liabilities: (Dollars in thousands) Balance Remaining nine months ending December 31, 2024 $ 2,280 Year ending December 31, 2025 2,210 Year ending December 31, 2026 1,950 Year ending December 31, 2027 1,762 Year ending December 31, 2028 1,338 Thereafter 5,412 Total undiscounted lease payments $ 14,952 Imputed interest $ (2,890) Total lease liabilities $ 12,062
Leases	Leases 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 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 in the lease, net of initial direct costs, charge-offs and an allowance for credit losses. Peoples considers leases past due if any required principal or interest 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, a lease is 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. Peoples originates sales-type leases through its NSL division, as these leases are structured as dollar buy-out, whereby the lessee pays one dollar at maturity of the lease to purchase the equipment. These leases do not typically contain residual value guarantees; however, if a lease contains a residual value guarantee, Peoples reduces its residual asset risk by obtaining a security deposit from the lessee. Peoples also originates leases through its Vantage subsidiary, which are classified as either sales-type or direct financing leases based primarily on whether they included a dollar buy-out or a fair market value buy-out, respectively. As a lessor, Peoples originates commercial equipment leases either directly to the customer or indirectly through vendor programs. Equipment leases relate to automotive, construction, health care, manufacturing, office, restaurant, information technology and other equipment. Finance leases include an estimated residual value, which is assessed for impairment as part of the allowance for credit losses. Lease (loss) income noted in the table below includes (i) gains on the early termination of leases, (ii) fees received for referrals, (iii) gains and losses recognized on the sales of residual assets and (iv) 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 (Dollars in thousands) March 31, 2024 March 31, 2023 Interest and fees on leases (a) $ 12,067 $ 9,643 Lease income 1,236 1,077 Other non-interest income 785 — Total lease income $ 14,088 $ 10,720 (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) March 31, 2024 December 31, 2023 Lease payments receivable, at amortized cost $ 473,987 $ 463,742 Estimated residual values 34,157 33,448 Initial direct costs 7,334 7,114 Deferred revenue (92,784) (90,244) Net investment in leases 422,694 414,060 Allowance for credit losses - leases (12,889) (10,850) Net investment in leases, after allowance for credit losses $ 409,805 $ 403,210 The following table summarizes the contractual maturities of leases: (Dollars in thousands) Balance Remaining nine months ending December 31, 2024 $ 103,408 Year ending December 31, 2025 109,429 Year ending December 31, 2026 100,493 Year ending December 31, 2027 82,587 Year ending December 31, 2028 55,038 Thereafter 23,032 Lease payments receivable, at amortized cost $ 473,987 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 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 (Dollars in thousands) March 31, 2024 March 31, 2023 Operating lease expense 735 695 Short-term lease expense 305 95 Total lease expense $ 1,040 $ 790 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 and the interest rate environment at the lease commencement or remeasurement date. 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) March 31, 2024 December 31, 2023 ROU assets: Other assets $ 11,682 $ 11,689 Lease liabilities: Accrued expenses and other liabilities $ 12,062 $ 12,080 Other information: Weighted-average remaining lease term 9.2 years 9.5 years Weighted-average discount rate 3.92 % 3.34 % Additions for ROU assets obtained during the year $ 509 $ 4,428 During both the three months ended March 31, 2024 and 2023, Peoples paid cash of $0.7 million for operating leases. The following table summarizes the maturity of remaining lease liabilities: (Dollars in thousands) Balance Remaining nine months ending December 31, 2024 $ 2,280 Year ending December 31, 2025 2,210 Year ending December 31, 2026 1,950 Year ending December 31, 2027 1,762 Year ending December 31, 2028 1,338 Thereafter 5,412 Total undiscounted lease payments $ 14,952 Imputed interest $ (2,890) Total lease liabilities $ 12,062

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Mar. 31, 2024	Mar. 31, 2023
Pay vs Performance Disclosure
Net income	$ 29,584	$ 26,560

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Mar. 31, 2024 shares
Trading Arrangements, by Individual
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false
David F. Dierker [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 David F. Dierker (Director) Adopt February 2, 2024 X 11,000 December 26, 2024 *Intended to satisfy the affirmative defense of Rule 10b5-1(c)
Name	David F. Dierker
Title	Director
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	February 2, 2024
Arrangement Duration	328 days
Aggregate Available	11,000

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	3 Months Ended
Summary of Significant Accounting Policies (Policies)	Mar. 31, 2024
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, 2023 ("Peoples' 2023 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’ 2023 Form 10-K, as updated by the information contained in this Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2024 (this "Form 10-Q"). Management has evaluated all significant events and transactions that occurred after March 31, 2024 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. Intercompany accounts and transactions have been eliminated. The Consolidated Balance Sheet at December 31, 2023, contained herein, has been derived from the audited Consolidated Balance Sheet included in Peoples’ 2023 Form 10-K.
New Accounting Pronouncements	New Accounting Pronouncements:

Fair Value of Assets and Liab_2

Fair Value of Assets and Liabilities (Tables)	3 Months Ended
Fair Value of Assets and Liabilities (Tables)	Mar. 31, 2024
Fair Value Disclosures [Abstract]
Summary of Assets Measured 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 March 31, 2024 December 31, 2023 (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 $ 28,773 $ — $ 30,296 $ — U.S. government sponsored agencies — 200,460 — 118,607 States and political subdivisions — 208,750 — 213,296 Residential mortgage-backed securities — 621,691 — 628,924 Commercial mortgage-backed securities — 50,791 — 51,234 Bank-issued trust preferred securities — 6,001 — 5,965 Total available-for-sale securities $ 28,773 $ 1,087,693 $ 30,296 $ 1,018,026 Equity investment securities (a) 197 236 191 237 Derivative assets (b) — 25,149 — 22,304 Liabilities: Derivative liabilities (c) $ — $ 21,684 $ — $ 19,122 (a) Included in "Other investment securities" 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) Included in " Other assets (c) Included in " Accrued expenses and other liabilities
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 March 31, 2024 and December 31, 2023. Non-Recurring Fair Value Measurements at Reporting Date March 31, 2024 December 31, 2023 (Dollars in thousands) Level 2 Level 3 Level 2 Level 3 Assets: Collateral dependent loans $ — $ 1,928 $ — $ 501 Loans held for sale (a) 2,123 — 1,663 — Other real estate owned — 63 — 7,118
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 March 31, 2024 December 31, 2023 Carrying Amount Fair Value Carrying Amount Fair Value Assets: Cash and cash equivalents 1 $ 429,720 $ 429,720 $ 426,722 $ 426,722 Held-to-maturity investment securities: Obligations of: U.S. government sponsored agencies 2 188,423 179,645 188,475 180,825 States and political subdivisions (a) 2 144,315 113,075 144,496 114,288 Residential mortgage-backed securities 2 246,579 225,621 248,559 231,620 Commercial mortgage-backed securities 2 100,427 83,771 102,365 85,289 Total held-to-maturity securities 679,744 602,112 683,895 612,022 Other investment securities: Other investment securities at cost: Federal Home Loan Bank ("FHLB") stock N/A 28,426 28,426 29,949 29,949 Federal Reserve Bank ("FRB") stock N/A 27,114 27,114 26,896 26,896 Total other investment securities at cost 55,540 55,540 56,845 56,845 Other investment securities at fair value: Nonqualified deferred compensation (b) 1 3,890 3,890 3,162 3,162 Other investment securities (c) 2 3,076 3,076 2,985 2,985 Total other investment securities 62,506 62,506 62,992 62,992 Loans and leases, net of deferred fees and costs (d) 3 6,202,827 6,059,878 6,159,196 6,064,999 Bank owned life insurance 2 141,568 141,568 140,554 140,554 Liabilities: Deposits 2 $ 7,326,556 $ 6,410,812 $ 7,152,297 $ 6,319,885 Short-term borrowings 2 513,496 527,408 601,121 619,999 Long-term borrowings 2 236,283 242,685 216,241 222,743 (a) Held-to-maturity investment securities are presented gross of an allowance for credit losses of $238 at both March 31, 2024 and December 31, 2023. (b) Nonqualified deferred compensation includes mutual funds as part of the investment. (c) "Other investment securities", as reported on the Unaudited Consolidated Balance Sheets, also included equity investment securities at March 31, 2024 and at December 31, 2023, 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.

Investment Securities (Tables)

Investment Securities (Tables)	3 Months Ended
Investment Securities (Tables)	Mar. 31, 2024
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 March 31, 2024 Obligations of: U.S. Treasury and government agencies $ 29,807 $ 113 $ (1,147) $ 28,773 U.S. government sponsored agencies 210,871 597 (11,008) 200,460 States and political subdivisions 237,207 92 (28,549) 208,750 Residential mortgage-backed securities 717,657 1,366 (97,332) 621,691 Commercial mortgage-backed securities 60,277 1 (9,487) 50,791 Bank-issued trust preferred securities 6,500 — (499) 6,001 Total available-for-sale securities $ 1,262,319 $ 2,169 $ (148,022) $ 1,116,466 December 31, 2023 Obligations of: U.S. Treasury and government agencies $ 30,999 $ 292 $ (995) $ 30,296 U.S. government sponsored agencies 128,500 639 (10,532) 118,607 States and political subdivisions 239,906 485 (27,095) 213,296 Residential mortgage-backed securities 717,772 1,819 (90,667) 628,924 Commercial mortgage-backed securities 60,611 5 (9,382) 51,234 Bank-issued trust preferred securities 6,500 — (535) 5,965 Total available-for-sale securities $ 1,184,288 $ 3,240 $ (139,206) $ 1,048,322
Summary of Gross Gains and Losses from Sales of Available-for-sale Securities	The gross gains and losses realized by Peoples from sales of available-for-sale securities for the periods ended March 31 were as follows: Three Months Ended March 31, (Dollars in thousands) 2024 2023 Gross gains realized $ — $ 78 Gross losses realized 1 2,013 Net (loss) gain realized $ (1) $ (1,935)
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 March 31, 2024 Obligations of: U.S. Treasury and government agencies $ 12,003 $ 173 23 $ 11,565 $ 974 5 $ 23,568 $ 1,147 U.S. government sponsored agencies 63,921 114 10 77,014 10,894 15 140,935 11,008 States and political subdivisions 26,352 439 66 171,591 28,110 144 197,943 28,549 Residential mortgage-backed securities 70,006 1,833 75 517,070 95,499 239 587,076 97,332 Commercial mortgage-backed securities 6,380 152 8 44,290 9,335 21 50,670 9,487 Bank-issued trust preferred securities 1,988 12 1 4,013 487 3 6,001 499 Total $ 180,650 $ 2,723 183 $ 825,543 $ 145,299 427 $ 1,006,193 $ 148,022 December 31, 2023 Obligations of: U.S. Treasury and government agencies $ 8,568 $ 83 22 $ 11,631 $ 912 5 $ 20,199 $ 995 U.S. government sponsored agencies 14,439 35 4 74,211 10,497 15 88,650 10,532 States and political subdivisions 18,268 136 32 167,346 26,959 138 185,614 27,095 Residential mortgage-backed securities 58,671 1,150 66 529,895 89,517 238 588,566 90,667 Commercial mortgage-backed securities 6,000 112 7 44,656 9,270 21 50,656 9,382 Bank-issued trust preferred securities 1,984 16 1 3,981 519 3 5,965 535 Total $ 107,930 $ 1,532 132 $ 831,720 $ 137,674 420 $ 939,650 $ 139,206
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 March 31, 2024. 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 $ 985 $ 15,661 $ 7,272 $ 5,889 $ 29,807 U.S. government sponsored agencies — 62,046 64,074 84,751 210,871 States and political subdivisions 10,319 45,388 59,362 122,138 237,207 Residential mortgage-backed securities 1 3,330 59,060 655,266 717,657 Commercial mortgage-backed securities — 12,392 27,108 20,777 60,277 Bank-issued trust preferred securities 2,000 1,000 3,500 — 6,500 Total available-for-sale securities $ 13,305 $ 139,817 $ 220,376 $ 888,821 $ 1,262,319 Fair value Obligations of: U.S. Treasury and government agencies $ 978 $ 14,619 $ 7,303 $ 5,873 $ 28,773 U.S. government sponsored agencies — 57,082 60,078 83,300 200,460 States and political subdivisions 10,264 42,516 50,785 105,185 208,750 Residential mortgage-backed securities 1 3,208 53,811 564,671 621,691 Commercial mortgage-backed securities — 11,223 22,783 16,785 50,791 Bank-issued trust preferred securities 1,988 942 3,071 — 6,001 Total available-for-sale securities $ 13,231 $ 129,590 $ 197,831 $ 775,814 $ 1,116,466 Total weighted-average yield 3.59 % 2.31 % 2.77 % 2.73 % 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 March 31, 2024. The weighted-average yields are based on the amortized cost and are computed on a fully taxable-equivalent basis using a blended federal and state corporate income tax rate of 23.2% at March 31, 2024. 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 10,500 $ 10,643 $ 67,056 $ 100,224 $ 188,423 States and political subdivisions — 6,422 11,419 126,474 144,315 Residential mortgage-backed securities — 451 4,241 241,887 246,579 Commercial mortgage-backed securities 1,490 9,371 38,821 50,745 100,427 Total held-to-maturity investment securities $ 11,990 $ 26,887 $ 121,537 $ 519,330 $ 679,744 Fair value Obligations of: U.S. government sponsored agencies 10,419 $ 10,144 $ 66,436 $ 92,646 $ 179,645 States and political subdivisions — 6,249 9,813 97,013 113,075 Residential mortgage-backed securities — 441 3,696 221,484 225,621 Commercial mortgage-backed securities 1,478 8,719 32,914 40,660 83,771 Total held-to-maturity investment securities $ 11,897 $ 25,553 $ 112,859 $ 451,803 $ 602,112 Total weighted-average yield 3.85 % 2.51 % 4.00 % 3.51 % 3.57 %
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 March 31, 2024 Obligations of: U.S. government sponsored agencies $ 188,423 $ — $ 309 $ (9,087) $ 179,645 States and political subdivisions 144,315 (238) 73 (31,075) 113,075 Residential mortgage-backed securities 246,579 — 672 (21,630) 225,621 Commercial mortgage-backed securities 100,427 — — (16,656) 83,771 Total held-to-maturity investment securities $ 679,744 $ (238) $ 1,054 $ (78,448) $ 602,112 December 31, 2023 Obligations of: U.S. government sponsored agencies $ 188,475 $ — $ 489 $ (8,139) $ 180,825 States and political subdivisions 144,496 (238) 134 (30,104) 114,288 Residential mortgage-backed securities 248,559 — 1,643 (18,582) 231,620 Commercial mortgage-backed securities 102,365 — — (17,076) 85,289 Total held-to-maturity investment securities $ 683,895 $ (238) $ 2,266 $ (73,901) $ 612,022
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 Unrealized Loss No. of Securities Fair Unrealized Loss No. of Securities Fair Unrealized Loss March 31, 2024 Obligations of: U.S. government sponsored agencies $ 35,986 $ 537 12 118,531 8,550 21 $ 154,517 $ 9,087 States and political subdivisions — — — 109,887 31,075 67 109,887 31,075 Residential mortgage-backed securities 51,550 1,274 17 133,314 20,356 39 184,864 21,630 Commercial mortgage-backed securities 8,575 1,297 5 73,196 15,359 30 81,771 16,656 Total $ 96,111 $ 3,108 34 $ 434,928 $ 75,340 157 $ 531,039 $ 78,448 December 31, 2023 Obligations of: U.S. government sponsored agencies $ 64,487 $ 356 14 $ 86,071 $ 7,783 18 $ 150,558 $ 8,139 States and political subdivisions — — — 111,040 30,104 67 111,040 30,104 Residential mortgage-backed securities 44,379 1,105 14 117,654 17,477 34 162,033 18,582 Commercial mortgage-backed securities 13,919 1,845 6 71,370 15,231 31 85,289 17,076 Total $ 122,785 $ 3,306 34 $ 386,135 $ 70,595 150 $ 508,920 $ 73,901
Summary of Other Investment Securities	The following table summarizes the carrying value of Peoples' other investment securities: (Dollars in thousands) March 31, 2024 December 31, 2023 FHLB stock $ 28,426 $ 29,949 FRB stock 27,114 26,896 Nonqualified deferred compensation 3,890 3,162 Equity investment securities 2,640 2,545 Other investment securities 869 869 Total other investment securities $ 62,939 $ 63,421
Summary of Pledged Securities	The following table summarizes the carrying amount of Peoples' pledged securities: Carrying Amount (Dollars in thousands) March 31, 2024 December 31, 2023 Securing public and trust department deposits, and repurchase agreements: Available-for-sale $ 809,988 $ 713,033 Held-to-maturity 568,473 559,142 Securing additional borrowing capacity at the FHLB and the FRB: Available-for-sale 98,146 85,899 Held-to-maturity 50,046 39,607 (Dollars in thousands) March 31, 2024 December 31, 2023 Loans pledged to FHLB $ 1,173,512 $ 1,206,134 Loans pledged to FRB 445,922 419,245

Loans and Leases (Tables)

Loans and Leases (Tables)	3 Months Ended
Loans and Leases (Tables)	Mar. 31, 2024
Receivables [Abstract]
Summary of Loans by Classification	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) March 31, December 31, 2023 Construction $ 314,687 $ 364,019 Commercial real estate, other 2,243,780 2,196,957 Commercial and industrial 1,214,615 1,184,986 Premium finance 238,962 203,177 Leases 422,694 414,060 Residential real estate 781,888 791,095 Home equity lines of credit 221,079 208,675 Consumer, indirect 650,228 666,472 Consumer, direct 113,588 128,769 Deposit account overdrafts 1,306 986 Total loans, at amortized cost $ 6,202,827 $ 6,159,196
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: March 31, 2024 December 31, 2023 (Dollars in thousands) Nonaccrual (a) Accruing Loans 90+ Days Past Due Nonaccrual (a) Accruing Loans 90+ Days Past Due Construction $ — $ — $ — $ — Commercial real estate, other 3,773 231 2,816 78 Commercial and industrial 6,205 10 2,758 316 Premium finance — 2,208 — 1,355 Leases 10,136 4,070 8,436 3,826 Residential real estate 7,450 780 7,921 877 Home equity lines of credit 1,134 181 1,022 171 Consumer, indirect 2,506 134 2,412 68 Consumer, direct 157 48 112 25 Total loans, at amortized cost $ 31,361 $ 7,662 $ 25,477 $ 6,716 (a) There were $3.8 million of nonaccrual loans for which there was no allowance for credit losses at March 31, 2024 and $1.2 million of nonaccrual loans for which there was no allowance for credit losses at December 31, 2023.
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 March 31, 2024 Construction $ — $ 15 $ — $ 15 $ 314,672 $ 314,687 Commercial real estate, other 2,369 1,332 2,315 6,016 2,237,764 2,243,780 Commercial and industrial 2,482 850 3,772 7,104 1,207,511 1,214,615 Premium finance 1,436 889 2,208 4,533 234,429 238,962 Leases 15,567 2,496 13,902 31,965 390,729 422,694 Residential real estate 11,726 1,179 4,177 17,082 764,806 781,888 Home equity lines of credit 1,386 731 870 2,987 218,092 221,079 Consumer, indirect 5,448 569 1,421 7,438 642,790 650,228 Consumer, direct 553 129 105 787 112,801 113,588 Deposit account overdrafts — — — — 1,306 1,306 Total loans, at amortized cost $ 40,967 $ 8,190 $ 28,770 $ 77,927 $ 6,124,900 $ 6,202,827 December 31, 2023 Construction $ 13 $ 52 $ — $ 65 $ 363,954 $ 364,019 Commercial real estate, other 2,728 4,556 1,572 8,856 2,188,101 2,196,957 Commercial and industrial 1,717 1,491 3,052 6,260 1,178,726 1,184,986 Premium finance 1,288 867 1,355 3,510 199,667 203,177 Leases 12,743 4,932 12,014 29,689 384,371 414,060 Residential real estate 14,021 2,733 4,481 21,235 769,860 791,095 Home equity lines of credit 1,561 691 683 2,935 205,740 208,675 Consumer, indirect 7,488 1,550 1,230 10,268 656,204 666,472 Consumer, direct 536 282 43 861 127,908 128,769 Deposit account overdrafts — — — — 986 986 Total loans, at amortized cost $ 42,095 $ 17,154 $ 24,430 $ 83,679 $ 6,075,517 $ 6,159,196
Summary of Pledged Securities	The following table summarizes the carrying amount of Peoples' pledged securities: Carrying Amount (Dollars in thousands) March 31, 2024 December 31, 2023 Securing public and trust department deposits, and repurchase agreements: Available-for-sale $ 809,988 $ 713,033 Held-to-maturity 568,473 559,142 Securing additional borrowing capacity at the FHLB and the FRB: Available-for-sale 98,146 85,899 Held-to-maturity 50,046 39,607 (Dollars in thousands) March 31, 2024 December 31, 2023 Loans pledged to FHLB $ 1,173,512 $ 1,206,134 Loans pledged to FRB 445,922 419,245
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 March 31, 2024: Term Loans at Amortized Cost by Origination Year Revolving Loans Converted to Term (Dollars in thousands) 2024 2023 2022 2021 2020 Prior Revolving Loans Total Loans Construction Pass $ 13,704 $ 94,507 $ 124,789 $ 56,375 $ 3,724 $ 17,756 $ — $ — $ 310,855 Special mention — — 918 — — 121 — — 1,039 Substandard — 1,192 1,573 — — 28 — — 2,793 Total 13,704 95,699 127,280 56,375 3,724 17,905 — — 314,687 Current period gross charge-offs — — — — — — — Commercial real estate, other Pass 36,998 206,459 356,061 380,773 224,446 873,082 44,060 186 2,121,879 Special mention — 751 16,484 3,660 7,038 21,538 394 38 49,865 Substandard — 441 2,197 14,316 8,509 46,271 292 — 72,026 Doubtful — — — — — 10 — — 10 Total 36,998 207,651 374,742 398,749 239,993 940,901 44,746 224 2,243,780 Current period gross charge-offs — — 212 — — — 212 Commercial and industrial Pass 60,989 224,493 168,480 164,175 78,926 186,985 228,165 1,137 1,112,213 Special mention — 3,474 11,329 1,562 9,340 5,517 23,638 5,500 54,860 Substandard — 93 2,868 30,387 4,595 5,685 1,829 778 45,457 Doubtful — — 1,911 — — 174 — — 2,085 Total 60,989 228,060 184,588 196,124 92,861 198,361 253,632 7,415 1,214,615 Term Loans at Amortized Cost by Origination Year Revolving Loans Converted to Term (Dollars in thousands) 2024 2023 2022 2021 2020 Prior Revolving Loans Total Loans Current period gross charge-offs — — — 15 57 163 235 Premium Finance Pass 134,052 104,528 382 — — — — — 238,962 Total 134,052 104,528 382 — — — — — 238,962 Current period gross charge-offs — 31 23 — — — 54 Leases Pass 74,212 177,358 100,634 44,614 10,630 2,054 — — 409,502 Special mention — 1,575 1,179 295 105 — — — 3,154 Substandard — 2,378 4,555 2,364 328 413 — — 10,038 Total 74,212 181,311 106,368 47,273 11,063 2,467 — — 422,694 Current period gross charge-offs — 596 454 169 28 23 1,270 Residential real estate Pass 13,458 73,850 89,518 137,348 57,315 400,297 — — 771,786 Substandard — 119 188 453 178 9,082 — — 10,020 Loss — — — — — 82 — — 82 Total 13,458 73,969 89,706 137,801 57,493 409,461 — — 781,888 Current period gross charge-offs — — — 5 — 75 80 Home equity lines of credit Pass 18,738 40,864 41,076 31,757 18,917 68,214 26 1,066 219,592 Substandard — 40 58 95 34 1,252 — — 1,479 Loss — — — — — 8 — — 8 Total 18,738 40,904 41,134 31,852 18,951 69,474 26 1,066 221,079 Current period gross charge-offs — — — — — — — Consumer, indirect Pass 42,573 232,913 204,737 85,796 50,864 29,835 — — 646,718 Substandard — 760 934 756 568 412 — — 3,430 Loss — 30 45 3 — 2 — — 80 Total 42,573 233,703 205,716 86,555 51,432 30,249 — — 650,228 Current period gross charge-offs — 564 550 219 75 53 1,461 Consumer, direct Pass 16,228 35,984 32,493 15,127 7,061 6,405 — — 113,298 Substandard — 52 93 48 16 75 — — 284 Term Loans at Amortized Cost by Origination Year Revolving Loans Converted to Term (Dollars in thousands) 2024 2023 2022 2021 2020 Prior Revolving Loans Total Loans Loss — — — — — 6 — — 6 Total 16,228 36,036 32,586 15,175 7,077 6,486 — — 113,588 Current period gross charge-offs — 48 82 11 7 78 226 Deposit account overdrafts 1,306 — — — — — — — 1,306 Current period gross charge-offs 336 — — — — — 336 Total loans, at amortized cost 412,258 1,201,861 1,162,502 969,904 482,594 1,675,304 298,404 8,705 6,202,827 Total current period gross charge-offs $ 336 $ 1,239 $ 1,321 $ 419 $ 167 $ 392 $ 3,874 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, 2023: Term Loans at Amortized Cost by Origination Year (Dollars in thousands) 2023 2022 2021 2020 2019 Prior Revolving Loans Revolving Loans Converted to Term Total Loans Construction Pass $ 80,273 $ 141,245 $ 85,913 $ 27,169 $ 9,995 $ 12,723 $ — $ — $ 357,318 Special mention — 3,757 — — — 123 — — 3,880 Substandard 1,200 1,590 — — — 31 — — 2,821 Total 81,473 146,592 85,913 27,169 9,995 12,877 — — 364,019 Current period gross charge-offs — — 9 — — — 9 Commercial real estate, other Pass 199,565 327,762 366,752 227,604 262,099 650,265 37,177 189 2,071,224 Special mention 999 12,975 4,850 10,324 7,074 22,186 408 41 58,816 Substandard 287 2,421 5,878 8,679 1,972 47,213 457 — 66,907 Doubtful — — — — — 10 — — 10 Total 200,851 343,158 377,480 246,607 271,145 719,674 38,042 230 2,196,957 Current period gross charge-offs — — — 39 — 575 614 Commercial and industrial Pass 225,894 180,068 212,938 86,934 55,434 132,675 213,714 38 1,107,657 Special mention 540 12,051 533 9,723 4,722 6,336 16,236 8,614 50,141 Substandard 78 6,441 5,104 5,617 1,602 6,278 1,889 779 27,009 Doubtful — — — — — 179 — — 179 Total 226,512 198,560 218,575 102,274 61,758 145,468 231,839 9,431 1,184,986 Current period gross charge-offs — 36 202 25 173 415 851 Premium finance Pass 201,659 1,517 1 — — — — — 203,177 Total 201,659 1,517 1 — — — — — 203,177 Current period gross charge-offs 25 97 — — — — 122 Leases Term Loans at Amortized Cost by Origination Year (Dollars in thousands) 2023 2022 2021 2020 2019 Prior Revolving Loans Revolving Loans Converted to Term Total Loans Pass 216,559 114,327 51,307 14,061 4,883 1,501 — — 402,638 Special mention 363 1,529 476 81 1 5 — — 2,455 Substandard 1,937 3,006 2,944 448 321 311 — — 8,967 Total 218,859 118,862 54,727 14,590 5,205 1,817 — — 414,060 Current period gross charge-offs 963 1,328 1,173 233 165 135 3,997 Residential real estate Pass 75,957 91,506 140,157 58,144 45,507 369,552 — — 780,823 Substandard 43 243 585 182 529 8,604 — — 10,186 Loss — — — — — 86 — — 86 Total 76,000 91,749 140,742 58,326 46,036 378,242 — — 791,095 Current period gross charge-offs — — — — — 170 170 Home equity lines of credit Pass 39,706 42,565 33,406 19,838 14,297 57,482 27 1,346 207,321 Substandard 19 — 61 34 123 1,109 — — 1,346 Loss — — — — — 8 — — 8 Total 39,725 42,565 33,467 19,872 14,420 58,599 27 1,346 208,675 Current period gross charge-offs — — — — — 110 110 Consumer, indirect Pass 247,829 225,225 96,698 59,044 18,644 15,977 — — 663,417 Substandard 333 934 789 558 190 206 — — 3,010 Loss 7 34 2 — 2 — — — 45 Total 248,169 226,193 97,489 59,602 18,836 16,183 — — 666,472 Current period gross charge-offs 609 2,091 865 255 63 147 4,030 Consumer, direct Pass 58,445 37,050 17,434 8,282 3,185 4,081 — — 128,477 Substandard 55 79 47 28 30 27 — — 266 Loss — — — — — 26 — — 26 Total 58,500 37,129 17,481 8,310 3,215 4,134 — — 128,769 Current period gross charge-offs 36 154 77 100 14 35 416 Deposit account overdrafts 986 — — — — — — — 986 Current period gross charge-offs 1,161 1,161 Total loans, at amortized cost $ 1,352,734 $ 1,206,325 $ 1,025,875 $ 536,750 $ 430,610 $ 1,336,994 $ 269,908 $ 11,007 $ 6,159,196 Current period gross charge-offs $ 2,794 $ 3,706 $ 2,326 $ 652 $ 415 $ 1,587 $ 11,480
Summary of Amortized Cost of Collateral Dependent Loans	The following table details Peoples' amortized cost of collateral dependent loans: (Dollars in thousands) March 31, 2024 December 31, 2023 Commercial real estate, other $ 689 $ — Leases 738 — Residential real estate 501 501 Total collateral dependent loans $ 1,928 $ 501
Summary of Financing Receivables Modified	The following tables display the amortized cost of loans that were restructured during the three months ended March 31, 2024 and March 31, 2023, presented by loan classification. Payment Delay (Only) (Dollars in thousands) Forbearance Plan Payment Deferral Term Extension Forbearance Plan and Term Extension Total Percentage of Total by Loan Category (a)(b) During the Three Months Ended March 31, 2024 Commercial real estate — — $ 565 $ — $ 565 0.03 % Commercial and industrial — — 10,203 — 10,203 0.84 % Leasing — 25 — — 25 0.01 % Residential real estate — — 76 — 76 0.01 % Total $ — $ 25 $ 10,844 $ — $ 10,869 0.18 % During the Three Months Ended March 31, 2023 Construction $ — $ 1,600 $ — $ — $ 1,600 0.69 % Commercial real estate 200 — — — 200 0.01 % Commercial and industrial — — 9 335 344 0.04 % Residential real estate — — 221 — 221 0.03 % Consumer, indirect — — 28 — 28 — % Total $ 200 $ 1,600 $ 258 $ 335 $ 2,393 0.05 % (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 of period end. The following table summarizes the financial impacts of loan modifications and payment deferrals made to loans during both the three months ended March 31, 2024 and March 31, 2023, presented by loan classification. Weighted-Average Term Extension Average Amount Capitalized as a Result of a Payment Delay (a) During the Three Months Ended March 31, 2024 Commercial real estate 6 $ — Commercial and industrial 6 — Leasing 9 — Residential real estate 2 — During the Three Months Ended March 31, 2023 Commercial and industrial 12 — Residential real estate 210 8,969 Consumer, indirect 2 — (a) Represents the average amount of delinquency-related amounts that were capitalized as part of the loan balance. Amounts are in whole dollars. The following table displays an aging analysis of loans that were modified during the twelve months prior to March 31, 2024, presented by classification and class of financing receivable. As of March 31, 2024 (Dollars in thousands) 30-59 Days Delinquent 60-89 Days Delinquent 90+ Days Delinquent Total Delinquent Current Total Construction $ — $ — $ — $ — $ 70 $ 70 Commercial real estate 193 — — 193 2,443 2,636 Commercial and industrial — 667 648 1,315 12,752 14,067 Leasing — — — — 25 25 Residential real estate 76 — — 76 24 100 Home equity lines of credit — — — — 207 207 Total loans modified (a) $ 269 $ 667 $ 648 $ 1,584 $ 15,521 $ 17,105 (a) Represents the amortized cost basis as of period end. The following table displays an aging analysis of loans that were modified on or after January 1, 2023, the date Peoples adopted ASU 2022-02, through March 31, 2023, presented by classification and class of financing receivable. As of March 31, 2023 (Dollars in thousands) 30-59 Days Delinquent 60-89 Days Delinquent 90+ Days Delinquent Total Delinquent Current Total Construction $ — $ — $ — $ — $ 1,600 $ 1,600 Commercial real estate 0 0 0 0 200 200 Commercial and industrial 0 0 0 0 344 344 Residential real estate 0 0 0 0 221 221 Consumer, indirect 28 0 0 28 0 28 Total loans modified (a) $ 28 $ — $ — $ 28 $ 2,365 $ 2,393 (a) Represents the amortized cost basis as of period end.
Summary of Defaulted Financing Receivables Modified	The following table displays 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 period 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. For the Three Months Ended March 31, 2024 Payment Delay as a Result of a Payment Deferral (Only) (a) Total Commercial and industrial $ 648 $ 648 (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 months ended March 31, 2024 and March 31, 2023 are summarized below: (Dollars in thousands) Beginning Balance, December 31, 2023 Initial Allowance for Acquired PCD Assets Provision for (Recovery of) Credit Losses (a) Charge-offs Recoveries Ending Balance, March 31, 2024 Construction $ 699 $ — $ 2 $ — $ — $ 701 Commercial real estate, other 20,915 — 1,002 (212) 83 21,788 Commercial and industrial 10,490 — 319 (235) 7 10,581 Premium finance 484 — 169 (54) 8 607 Leases 10,850 — 3,097 (1,270) 212 12,889 Residential real estate 5,937 — (74) (80) 83 5,866 Home equity lines of credit 1,588 — 94 — 7 1,689 Consumer, indirect 8,590 — 1,101 (1,461) 71 8,301 Consumer, direct 2,343 — 153 (226) 9 2,279 Deposit account overdrafts 115 — 268 (336) 74 121 Total $ 62,011 $ — $ 6,131 $ (3,874) $ 554 $ 64,822 (a) Amount does not include the provision for the allowance for credit losses on unfunded commitments. (Dollars in thousands) Beginning Balance, Initial Allowance for Acquired PCD Assets (a) Provision for (Recovery of) Credit Losses (b) Charge-offs Recoveries Ending Balance, March 31, 2023 Construction $ 1,250 $ — $ 32 $ (9) $ — $ 1,273 Commercial real estate, other 17,710 — (1,230) (33) 27 16,474 Commercial and industrial 8,229 — 79 (1) — 8,307 Premium finance 344 — 103 (23) 9 433 Leases 8,495 — 1,003 (469) 80 9,109 Residential real estate 6,357 — 159 (41) 29 6,504 Home equity lines of credit 1,693 — 43 (19) — 1,717 Consumer, indirect 7,448 — 1,183 (929) 79 7,781 Consumer, direct 1,575 — 133 (104) 15 1,619 Deposit account overdrafts 61 — 180 (227) 72 86 Total $ 53,162 $ — $ 1,685 $ (1,855) $ 311 $ 53,303 (a) Includes purchase price adjustments related to acquisitions previously completed but were within the 12-month measurement period. (b) Amount does not include the provision for the allowance for credit losses on unfunded commitments.

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	3 Months Ended
Goodwill and Other Intangible Assets (Tables)	Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Summary of Goodwill	The following table details changes in the recorded amount of goodwill: (Dollars in thousands) March 31, 2024 December 31, 2023 Goodwill, beginning of year $ 362,169 $ 292,397 Goodwill recorded from acquisitions — 69,772 Goodwill, end of period $ 362,169 $ 362,169
Summary of Other Intangible Assets	Other intangible assets were comprised of the following at March 31, 2024 , and at December 31, 2023 : (Dollars in thousands) Core Deposits Customer Relationships Indefinite-Lived Trade Names Total March 31, 2024 Gross intangibles $ 54,186 $ 37,920 $ 2,491 $ 94,597 Intangibles recorded from acquisitions — — — — Accumulated amortization (27,138) (21,938) — (49,076) Total acquisition-related intangibles $ 27,048 $ 15,982 $ 2,491 $ 45,521 Servicing rights 1,285 Non-compete agreements 310 Total other intangibles $ 47,116 December 31, 2023 Gross intangibles $ 26,464 $ 37,920 $ 2,491 $ 66,875 Intangibles recorded from acquisitions 27,722 — — 27,722 Accumulated amortization (25,670) (20,680) — (46,350) Total acquisition-related intangibles $ 28,516 $ 17,240 $ 2,491 $ 48,247 Servicing rights 1,385 Non-compete agreements 371 Total other intangibles $ 50,003
Summary of Future Amortization of Intangible Assets	The following table details estimated aggregate future amortization of other intangible assets at March 31, 2024: (Dollars in thousands) Core Deposits Customer Relationships Non-Compete Agreements Total Remaining nine months of 2024 $ 4,406 $ 3,770 $ 182 $ 8,358 2025 4,609 4,038 112 $ 8,759 2026 3,736 2,954 16 $ 6,706 2027 3,043 2,112 — $ 5,155 2028 2,608 1,392 — $ 4,000 Thereafter 8,646 1,716 — $ 10,362 Total $ 27,048 $ 15,982 $ 310 $ 43,340

Deposits (Tables)

Deposits (Tables)	3 Months Ended
Deposits (Tables)	Mar. 31, 2024
Banking and Thrift, Other Disclosure [Abstract]
Summary of Deposit Balances	Peoples’ deposit balances were comprised of the following: (Dollars in thousands) March 31, 2024 December 31, 2023 Retail certificates of deposits ("CDs"): $100 or more $ 956,845 $ 815,300 Less than $100 723,569 628,117 Total Retail CDs 1,680,414 1,443,417 Interest-bearing deposit accounts 1,107,711 1,144,357 Savings accounts 901,493 919,244 Money market deposit accounts 859,961 775,488 Governmental deposit accounts 825,170 726,713 Brokered CDs 483,444 575,429 Total interest-bearing deposits 5,858,193 5,584,648 Non-interest-bearing deposits $ 1,468,363 1,567,649 Total deposits $ 7,326,556 $ 7,152,297
Summary of Time Deposit Maturities	Uninsured time deposits are broken out below by time remaining until maturity. (Dollars in thousands) March 31, 2024 December 31, 2023 3 months or less $ 99,470 $ 58,708 Over 3 to 6 months 127,433 99,928 Over 6 to 12 months 148,528 131,263 Over 12 months 21,465 37,180 Total $ 396,896 $ 327,079 The contractual maturities of CDs for each of the next five years, including the remainder of 2024, and thereafter are as follows: (Dollars in thousands) Retail Brokered Total Remaining nine months ending December 31, 2024 $ 1,407,331 $ 483,444 $ 1,890,775 Year ending December 31, 2025 221,303 — 221,303 Year ending December 31, 2026 17,753 — 17,753 Year ending December 31, 2027 24,770 — 24,770 Year ending December 31, 2028 7,544 — 7,544 Thereafter 1,713 — 1,713 Total CDs $ 1,680,414 $ 483,444 $ 2,163,858

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	3 Months Ended
Stockholders' Equity (Tables)	Mar. 31, 2024
Equity [Abstract]
Summary of Common Stock and Treasury Stock	The following table details the progression in Peoples’ common shares and treasury stock during the three months ended March 31, 2024: Common Shares Treasury Shares at December 31, 2023 36,736,041 1,511,348 Changes related to stock-based compensation awards: Release of restricted common shares — 25,458 Cancellation of restricted common shares — 16,972 Grant of restricted common shares — (291,480) Changes related to deferred compensation plan for Boards of Directors: Purchase of treasury stock — 4,643 Disbursed out of treasury stock — (911) Common shares repurchased under share repurchase program — 100,905 Common shares issued under dividend reinvestment plan 11,746 — Common shares issued under compensation plan for Boards of Directors — (4,680) Common shares issued under employee stock purchase plan — (6,918) Shares at March 31, 2024 36,747,787 1,355,337
Summary of Dividends Declared	The following table details the cash dividends declared per common share during the first two quarters of 2024 and the comparable periods of 2023: 2024 2023 First quarter $ 0.39 $ 0.38 Second quarter 0.40 0.39 Total dividends declared $ 0.79 $ 0.77
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 three months ended March 31, 2024: (Dollars in thousands) Unrealized (Loss) Gain on Securities Unrealized Gain on Cash Flow Hedges Accumulated Other Comprehensive (Loss) Income Balance, December 31, 2023 $ (104,222) $ 2,632 $ (101,590) Reclassification adjustments to net income: Realized loss on sale of securities, net of tax 1 — 1 Other comprehensive (loss) income, net of reclassifications and tax (7,547) 196 (7,351) Balance, March 31, 2024 $ (111,768) $ 2,828 $ (108,940)

Earnings Per Common Share (Tabl

Earnings Per Common Share (Tables)	3 Months Ended
Earnings Per Common Share (Tables)	Mar. 31, 2024
Earnings Per Share [Abstract]
Summary of Calculations of Basic and Diluted Earnings per Common Share	The calculations of basic and diluted earnings per common share were as follows: Three Months Ended March 31, (Dollars in thousands, except per common share data) 2024 2023 Net income available to common shareholders $ 29,584 $ 26,560 Less: Dividends paid on unvested common shares (143) (102) Less: Undistributed income allocated to unvested common shares (64) (34) Net earnings allocated to common shareholders $ 29,377 $ 26,424 Weighted-average common shares outstanding 34,740,349 27,891,760 Effect of potentially dilutive common shares 311,461 130,119 Total weighted-average diluted common shares outstanding 35,051,810 28,021,879 Earnings per common share: Basic $ 0.85 $ 0.95 Diluted $ 0.84 $ 0.94 Anti-dilutive common shares excluded from calculation: Restricted common shares 3,180 155,018

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	3 Months Ended
Derivative Financial Instruments (Tables)	Mar. 31, 2024
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) March 31, December 31, Notional amount $ 105,000 $ 105,000 Weighted average pay rates 2.22 % 2.22 % Weighted average receive rates 5.02 % 4.63 % Weighted average maturity 1.7 years 2.0 years Pre-tax changes in fair value included in AOCI $ 3,689 $ 3,434
Summary of Gains or Losses Recorded in AOCI	The following table presents changes in fair value recorded in AOCI and in the Consolidated Statements of Operations related to the cash flow hedges: Three Months Ended March 31, (Dollars in thousands) 2024 2023 Amount of losses (gains) recorded in AOCI, pre-tax $ (1,872) $ 1,356
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: March 31, December 31, (Dollars in thousands) Notional Amount Fair Value Notional Amount Fair Value Included in "Other assets": Interest rate swaps related to debt $ 105,000 $ 3,574 $ 105,000 $ 3,314
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: March 31, December 31, (Dollars in thousands) Notional Amount Fair Value Notional Amount Fair Value Included in "Other assets": Interest rate swaps related to commercial loans $ 399,071 $ 21,575 $ 416,106 $ 18,990 Included in "Accrued expenses and other liabilities": Interest rate swaps related to commercial loans $ 399,071 $ 21,688 $ 416,106 $ 19,122

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
Stock-Based Compensation (Tables)	Mar. 31, 2024
Share-Based Payment Arrangement [Abstract]
Summary of Restricted Shares Activity	The following table summarizes the changes to Peoples’ restricted common shares for the three months ended March 31, 2024: 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 Oustanding at January 1, 2024 142,419 $ 28.78 403,970 $ 31.21 Awarded 7,768 28.95 283,712 27.92 Released (5,316) 31.35 (72,550) 31.48 Forfeited (5,938) 31.99 (11,034) 29.48 Outstanding at March 31, 2024 138,933 $ 28.56 604,098 $ 29.66
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 March 31, (Dollars in thousands) 2024 2023 Employee stock-based compensation expense: Stock grant expense $ 3,024 $ 2,150 Employee stock purchase plan expense 66 39 Total employee stock-based compensation expense $ 3,090 $ 2,189 Non-employee director stock-based compensation expense $ 138 $ 136 Total stock-based compensation expense $ 3,228 $ 2,325 Recognized tax benefit (752) (543) Net stock-based compensation expense $ 2,476 $ 1,782

Revenue (Tables)

Revenue (Tables)	3 Months Ended
Revenue (Tables)	Mar. 31, 2024
Revenue from Contract with Customer [Abstract]
Summary of Revenue	The following table details Peoples' revenue from contracts with customers: Three Months Ended March 31, (Dollars in thousands) 2024 2023 Insurance income: Commission and fees from sale of insurance policies (a) $ 4,199 $ 3,816 Fees related to third-party administration services (a) 86 82 Performance-based commissions (b) 2,213 1,527 Trust and investment income: Fiduciary income (a) 2,757 2,457 Brokerage income (a) 1,842 1,627 Electronic banking income: Interchange income (a) 4,797 4,181 Promotional and usage income (a) 1,249 1,262 Deposit account service charges: Ongoing maintenance fees for deposit accounts (a) 1,718 1,461 Transaction-based fees (b) 2,505 2,062 Commercial loan swap fees (b) 52 — Other non-interest income transaction-based fees (b) 504 430 Total revenue from contracts with customers $ 21,922 $ 18,905 Timing of revenue recognition: Services transferred over time $ 16,648 $ 14,886 Services transferred at a point in time 5,274 4,019 Total revenue from contracts with customers $ 21,922 $ 18,905 (a) Services transferred over time. (b) Services transferred at a point in time.
Summary of Contract Assets and Liabilities	The following table details the changes in Peoples' contract assets and contract liabilities for the three-month period ended March 31, 2024: Contract Assets Contract Liabilities (Dollars in thousands) Balance, January 1, 2024 $ 753 $ 5,776 Additional income receivable 37 — Additional deferred income — 26 Receipt of income previously receivable (50) — Recognition of income previously deferred — (529) Balance, March 31, 2024 $ 740 $ 5,273

Acquisitions (Tables)

Acquisitions (Tables)	3 Months Ended
Acquisitions (Tables)	Mar. 31, 2024
Business Combination and Asset Acquisition [Abstract]
Summary of Assets Acquired and Liabilities Assumed	The following table provides the preliminary purchase price calculation as of the date of the Limestone Merger, and the assets acquired and liabilities assumed at their estimated fair values. The estimated fair values below are subject to adjustment for up to one year after April 30, 2023, which include, but are not limited to, loans, including the designation of PCD loans, deferred tax assets and liabilities, long-term borrowings, and certain other assets and other liabilities. (Dollars in thousands) Fair Value Total purchase price $ 177,931 Assets Cash and balances due from banks 6,422 Interest-bearing deposits in other banks 87,115 Total cash and cash equivalents 93,537 Available-for-sale investment securities, at fair value 166,944 Other investment securities 5,716 Total investment securities 172,660 Loans 1,077,929 Allowance for credit losses (on PCD loans) (2,051) Net loans 1,075,878 Bank premises and equipment, net of accumulated depreciation 17,690 (Dollars in thousands) Fair Value Bank owned life insurance 31,343 Other intangible assets 27,722 Other assets 36,874 Total assets 1,455,704 Liabilities Deposits: Non-interest-bearing 262,727 Interest-bearing 971,457 Total deposits 1,234,184 Short-term borrowings 60,000 Long-term borrowings 39,453 Accrued expenses and other liabilities 12,967 Total liabilities 1,346,604 Net assets 109,100 Goodwill $ 68,831
Summary of Acquired Purchased Credit Deteriorated Loans	The following table details the fair value adjustment for acquired PCD loans as of the acquisition date: (Dollars in thousands) Par Value Allowance for Credit Losses Non-Credit (Discount) Premium Fair Value PCD loans Commercial real estate, other 30,907 (1,340) (2,160) 27,407 Commercial and industrial 16,466 (379) (610) 15,477 Residential real estate 6,328 (228) (770) 5,330 Home equity lines of credit 774 (18) 11 767 Consumer 1,029 (86) 78 1,021 Fair value $ 55,504 $ (2,051) $ (3,451) $ 50,002

Leases (Tables)

Leases (Tables)	3 Months Ended
Leases (Tables)	Mar. 31, 2024
Leases [Abstract]
Summary of Sales Type Lease Income	The table below details Peoples' lease income: Three Months Ended (Dollars in thousands) March 31, 2024 March 31, 2023 Interest and fees on leases (a) $ 12,067 $ 9,643 Lease income 1,236 1,077 Other non-interest income 785 — Total lease income $ 14,088 $ 10,720 (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) March 31, 2024 December 31, 2023 Lease payments receivable, at amortized cost $ 473,987 $ 463,742 Estimated residual values 34,157 33,448 Initial direct costs 7,334 7,114 Deferred revenue (92,784) (90,244) Net investment in leases 422,694 414,060 Allowance for credit losses - leases (12,889) (10,850) Net investment in leases, after allowance for credit losses $ 409,805 $ 403,210
Summary of Sales Type Lease Maturity	The following table summarizes the contractual maturities of leases: (Dollars in thousands) Balance Remaining nine months ending December 31, 2024 $ 103,408 Year ending December 31, 2025 109,429 Year ending December 31, 2026 100,493 Year ending December 31, 2027 82,587 Year ending December 31, 2028 55,038 Thereafter 23,032 Lease payments receivable, at amortized cost $ 473,987
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 (Dollars in thousands) March 31, 2024 March 31, 2023 Operating lease expense 735 695 Short-term lease expense 305 95 Total lease expense $ 1,040 $ 790 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) March 31, 2024 December 31, 2023 ROU assets: Other assets $ 11,682 $ 11,689 Lease liabilities: Accrued expenses and other liabilities $ 12,062 $ 12,080 Other information: Weighted-average remaining lease term 9.2 years 9.5 years Weighted-average discount rate 3.92 % 3.34 % Additions for ROU assets obtained during the year $ 509 $ 4,428
Summary of Operating Lease Maturities	The following table summarizes the maturity of remaining lease liabilities: (Dollars in thousands) Balance Remaining nine months ending December 31, 2024 $ 2,280 Year ending December 31, 2025 2,210 Year ending December 31, 2026 1,950 Year ending December 31, 2027 1,762 Year ending December 31, 2028 1,338 Thereafter 5,412 Total undiscounted lease payments $ 14,952 Imputed interest $ (2,890) Total lease liabilities $ 12,062

Fair Value of Assets and Liab_3

Fair Value of Assets and Liabilities - Summary of Assets Measured on a Recurring Basis (Details) - USD ($) $ in Thousands		Mar. 31, 2024	Dec. 31, 2023
Assets:
Fair Value	[1]	$ 1,116,466	$ 1,048,322
U.S. Treasury and government agencies
Assets:
Fair Value		28,773	30,296
U.S. government sponsored agencies
Assets:
Fair Value		200,460	118,607
States and political subdivisions
Assets:
Fair Value		208,750	213,296
Residential mortgage-backed securities
Assets:
Fair Value		621,691	628,924
Commercial mortgage-backed securities
Assets:
Fair Value		50,791	51,234
Bank-issued trust preferred securities
Assets:
Fair Value		6,001	5,965
Recurring \| Level 1
Assets:
Fair Value		28,773	30,296
Equity investment securities		197	191
Derivative assets		0	0
Liabilities:
Derivative liabilities		0	0
Recurring \| Level 2
Assets:
Fair Value		1,087,693	1,018,026
Equity investment securities		236	237
Derivative assets		25,149	22,304
Liabilities:
Derivative liabilities		$ 21,684	$ 19,122
Derivative Asset, Statement of Financial Position [Extensible Enumeration]		Other assets	Other assets
Derivative Liability, Statement of Financial Position [Extensible Enumeration]		Accrued expenses and other liabilities	Accrued expenses and other liabilities
Recurring \| U.S. Treasury and government agencies \| Level 1
Assets:
Fair Value		$ 28,773	$ 30,296
Recurring \| U.S. Treasury and government agencies \| Level 2
Assets:
Fair Value		0	0
Recurring \| U.S. government sponsored agencies \| Level 1
Assets:
Fair Value		0	0
Recurring \| U.S. government sponsored agencies \| Level 2
Assets:
Fair Value		200,460	118,607
Recurring \| States and political subdivisions \| Level 1
Assets:
Fair Value		0	0
Recurring \| States and political subdivisions \| Level 2
Assets:
Fair Value		208,750	213,296
Recurring \| Residential mortgage-backed securities \| Level 1
Assets:
Fair Value		0	0
Recurring \| Residential mortgage-backed securities \| Level 2
Assets:
Fair Value		621,691	628,924
Recurring \| Commercial mortgage-backed securities \| Level 1
Assets:
Fair Value		0	0
Recurring \| Commercial mortgage-backed securities \| Level 2
Assets:
Fair Value		50,791	51,234
Recurring \| Bank-issued trust preferred securities \| Level 1
Assets:
Fair Value		0	0
Recurring \| Bank-issued trust preferred securities \| Level 2
Assets:
Fair Value		$ 6,001	$ 5,965

[1] Available-for-sale investment securities and held-to-maturity investment securities are presented net of allowance for credit losses of $0 and $238, respectively, at March 31, 2024, and $0 and $238, respectively, at December 31, 2023.

Fair Value of Assets and Liab_4

Fair Value of Assets and Liabilities - Summary of Assets and Liabilities Measured on a Non-Recurring Basis (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
Nonrecurring Basis
Allowance for credit losses (on PCD loans)	$ 64,822	$ 62,011	$ 53,303	$ 53,162
Nonrecurring Basis \| Level 2
Nonrecurring Basis
Loans held for sale	2,123	1,663
Other real estate owned	0	0
Allowance for credit losses (on PCD loans)	138	163
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	63	7,118
Nonrecurring Basis \| Level 3 \| Collateral dependent loans
Nonrecurring Basis
Collateral dependent loans	$ 1,928	$ 501

Fair Value of Assets and Liab_5

Fair Value of Assets and Liabilities - Summary of Financial Instruments Not Required to be Measured at Fair Value (Details) - USD ($) $ in Thousands		Mar. 31, 2024	Dec. 31, 2023		Mar. 31, 2023	Dec. 31, 2022
Assets:
Carrying Amount		$ 679,744	$ 683,895
Fair Value		602,112	612,022
Loans and leases, net of deferred fees and costs, carrying amount	[1]	6,202,827	6,159,196
Liabilities:
Debt securities held to maturity, allowance for credit loss		238	238
Allowance for credit losses (on PCD loans)		64,822	62,011		$ 53,303	$ 53,162
Carrying Amount
Assets:
Carrying Amount		679,744	683,895
Federal Home Loan Bank ("FHLB") stock		28,426	29,949
Federal Reserve Bank ("FRB") stock		27,114	26,896
Total other investment securities at cost		55,540	56,845
Total other investment securities		62,506	62,992
Carrying Amount \| Level 1
Assets:
Cash and cash equivalents		429,720	426,722
Carrying Amount \| Level 2
Assets:
Bank owned life insurance		141,568	140,554
Liabilities:
Deposits		7,326,556	7,152,297
Short-term borrowings		513,496	601,121
Long-term borrowings		236,283	216,241
Carrying Amount \| Level 3
Assets:
Loans and leases, net of deferred fees and costs, carrying amount		6,202,827	6,159,196	[1]
Fair Value
Assets:
Fair Value		602,112	612,022
Federal Home Loan Bank ("FHLB") stock		28,426	29,949
Federal Reserve Bank ("FRB") stock		27,114	26,896
Total other investment securities at cost		55,540	56,845
Total other investment securities		62,506	62,992
Fair Value \| Level 1
Assets:
Cash and cash equivalents		429,720	426,722
Fair Value \| Level 2
Assets:
Bank owned life insurance		141,568	140,554
Liabilities:
Deposits		6,410,812	6,319,885
Short-term borrowings		527,408	619,999
Long-term borrowings		242,685	222,743
Fair Value \| Level 3
Assets:
Loans and leases, net of deferred fees and costs, fair value		6,059,878	6,064,999
U.S. government sponsored agencies
Assets:
Carrying Amount		188,423	188,475
Fair Value		179,645	180,825
Liabilities:
Debt securities held to maturity, allowance for credit loss		0	0
U.S. government sponsored agencies \| Carrying Amount \| Level 2
Assets:
Carrying Amount		188,423	188,475
U.S. government sponsored agencies \| Fair Value \| Level 2
Assets:
Fair Value		179,645	180,825
States and political subdivisions
Assets:
Carrying Amount		144,315	144,496
Fair Value		113,075	114,288
Liabilities:
Debt securities held to maturity, allowance for credit loss		238	238
States and political subdivisions \| Carrying Amount \| Level 2
Assets:
Carrying Amount		144,315	144,496
States and political subdivisions \| Fair Value \| Level 2
Assets:
Fair Value			114,288
Residential mortgage-backed securities
Assets:
Carrying Amount		246,579	248,559
Fair Value		225,621	231,620
Liabilities:
Debt securities held to maturity, allowance for credit loss		0	0
Residential mortgage-backed securities \| Carrying Amount \| Level 2
Assets:
Carrying Amount		246,579	248,559
Residential mortgage-backed securities \| Fair Value \| Level 2
Assets:
Fair Value		225,621	231,620
Commercial mortgage-backed securities
Assets:
Carrying Amount		100,427	102,365
Fair Value		83,771	85,289
Liabilities:
Debt securities held to maturity, allowance for credit loss		0	0
Commercial mortgage-backed securities \| Carrying Amount \| Level 2
Assets:
Carrying Amount		100,427	102,365
Commercial mortgage-backed securities \| Fair Value \| Level 2
Assets:
Fair Value		83,771	85,289
Nonqualified Plan \| Carrying Amount \| Level 1
Assets:
Total other investment securities		3,890	3,162
Nonqualified Plan \| Fair Value \| Level 1
Assets:
Total other investment securities		3,890	3,162
Other investment securities \| Carrying Amount \| Level 2
Assets:
Total other investment securities		3,076	2,985
Other investment securities \| Fair Value \| Level 2
Assets:
Total other investment securities		$ 3,076	$ 2,985

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

Investment Securities - Summary

Investment Securities - Summary of Available-for-sale Investment Securities (Details) - USD ($) $ in Thousands		Mar. 31, 2024	Dec. 31, 2023
Schedule of Available-for-sale Securities
Amortized Cost		$ 1,262,319	$ 1,184,288
Gross Unrealized Gains		2,169	3,240
Gross Unrealized Losses		(148,022)	(139,206)
Fair Value	[1]	1,116,466	1,048,322
U.S. Treasury and government agencies
Schedule of Available-for-sale Securities
Amortized Cost		29,807	30,999
Gross Unrealized Gains		113	292
Gross Unrealized Losses		(1,147)	(995)
Fair Value		28,773	30,296
U.S. government sponsored agencies
Schedule of Available-for-sale Securities
Amortized Cost		210,871	128,500
Gross Unrealized Gains		597	639
Gross Unrealized Losses		(11,008)	(10,532)
Fair Value		200,460	118,607
States and political subdivisions
Schedule of Available-for-sale Securities
Amortized Cost		237,207	239,906
Gross Unrealized Gains		92	485
Gross Unrealized Losses		(28,549)	(27,095)
Fair Value		208,750	213,296
Residential mortgage-backed securities
Schedule of Available-for-sale Securities
Amortized Cost		717,657	717,772
Gross Unrealized Gains		1,366	1,819
Gross Unrealized Losses		(97,332)	(90,667)
Fair Value		621,691	628,924
Commercial mortgage-backed securities
Schedule of Available-for-sale Securities
Amortized Cost		60,277	60,611
Gross Unrealized Gains		1	5
Gross Unrealized Losses		(9,487)	(9,382)
Fair Value		50,791	51,234
Bank-issued trust preferred securities
Schedule of Available-for-sale Securities
Amortized Cost		6,500	6,500
Gross Unrealized Gains		0	0
Gross Unrealized Losses		(499)	(535)
Fair Value		$ 6,001	$ 5,965

[1] Available-for-sale investment securities and held-to-maturity investment securities are presented net of allowance for credit losses of $0 and $238, respectively, at March 31, 2024, and $0 and $238, respectively, at December 31, 2023.

Investment Securities - Summa_2

Investment Securities - Summary of Gross Gains and Losses from Sales of Available-for-sale Securities (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Investments, Debt and Equity Securities [Abstract]
Gross gains realized	$ 0	$ 78
Gross losses realized	1	2,013
Net (loss) gain realized	$ (1)	$ (1,935)

Investment Securities - Summa_3

Investment Securities - Summary of Available-for-sale Securities with Unrealized Loss (Details) $ in Thousands	Mar. 31, 2024 USD ($) security	Dec. 31, 2023 USD ($) security
Available-for-sale securities that had an unrealized loss:
Less than 12 months, fair value	$ 180,650	$ 107,930
Less than 12 months, unrealized loss	$ 2,723	$ 1,532
Less than 12 months, Number of securities \| security	183	132
12 months or more, fair value	$ 825,543	$ 831,720
12 months or more, unrealized loss	$ 145,299	$ 137,674
12 months or more, Number of securities \| security	427	420
Total fair value	$ 1,006,193	$ 939,650
Total unrealized loss	148,022	139,206
U.S. Treasury and government agencies
Available-for-sale securities that had an unrealized loss:
Less than 12 months, fair value	12,003	8,568
Less than 12 months, unrealized loss	$ 173	$ 83
Less than 12 months, Number of securities \| security	23	22
12 months or more, fair value	$ 11,565	$ 11,631
12 months or more, unrealized loss	$ 974	$ 912
12 months or more, Number of securities \| security	5	5
Total fair value	$ 23,568	$ 20,199
Total unrealized loss	1,147	995
U.S. government sponsored agencies
Available-for-sale securities that had an unrealized loss:
Less than 12 months, fair value	63,921	14,439
Less than 12 months, unrealized loss	$ 114	$ 35
Less than 12 months, Number of securities \| security	10	4
12 months or more, fair value	$ 77,014	$ 74,211
12 months or more, unrealized loss	$ 10,894	$ 10,497
12 months or more, Number of securities \| security	15	15
Total fair value	$ 140,935	$ 88,650
Total unrealized loss	11,008	10,532
States and political subdivisions
Available-for-sale securities that had an unrealized loss:
Less than 12 months, fair value	26,352	18,268
Less than 12 months, unrealized loss	$ 439	$ 136
Less than 12 months, Number of securities \| security	66	32
12 months or more, fair value	$ 171,591	$ 167,346
12 months or more, unrealized loss	$ 28,110	$ 26,959
12 months or more, Number of securities \| security	144	138
Total fair value	$ 197,943	$ 185,614
Total unrealized loss	28,549	27,095
Residential mortgage-backed securities
Available-for-sale securities that had an unrealized loss:
Less than 12 months, fair value	70,006	58,671
Less than 12 months, unrealized loss	$ 1,833	$ 1,150
Less than 12 months, Number of securities \| security	75	66
12 months or more, fair value	$ 517,070	$ 529,895
12 months or more, unrealized loss	$ 95,499	$ 89,517
12 months or more, Number of securities \| security	239	238
Total fair value	$ 587,076	$ 588,566
Total unrealized loss	97,332	90,667
Commercial mortgage-backed securities
Available-for-sale securities that had an unrealized loss:
Less than 12 months, fair value	6,380	6,000
Less than 12 months, unrealized loss	$ 152	$ 112
Less than 12 months, Number of securities \| security	8	7
12 months or more, fair value	$ 44,290	$ 44,656
12 months or more, unrealized loss	$ 9,335	$ 9,270
12 months or more, Number of securities \| security	21	21
Total fair value	$ 50,670	$ 50,656
Total unrealized loss	9,487	9,382
Bank-issued trust preferred securities
Available-for-sale securities that had an unrealized loss:
Less than 12 months, fair value	1,988	1,984
Less than 12 months, unrealized loss	$ 12	$ 16
Less than 12 months, Number of securities \| security	1	1
12 months or more, fair value	$ 4,013	$ 3,981
12 months or more, unrealized loss	$ 487	$ 519
12 months or more, Number of securities \| security	3	3
Total fair value	$ 6,001	$ 5,965
Total unrealized loss	$ 499	$ 535

Investment Securities - Narrati

Investment Securities - Narrative (Details)	3 Months Ended
Investment Securities - Narrative (Details)	Mar. 31, 2024 USD ($) security	Mar. 31, 2023 USD ($)	Dec. 31, 2023 USD ($) security
Schedule of Available-for-sale Securities
Debt securities available for sale, allowance for credit loss	$ 0		$ 0
12 months or more, number of securities \| security	427		420
Gross gains (losses) from sales of held to maturity	$ 0	$ 0
Debt securities held to maturity, allowance for credit loss	$ 238,000		$ 238,000
Federal and state income tax rate	23.20%
Proceeds from sale of FHLB stock	$ 8,000,000
Purchase of FRB stock	6,500,000
Unrealized gain	$ 47,000	$ 21,000
Bank-issued trust preferred securities
Schedule of Available-for-sale Securities
12 months or more, number of securities \| security	3		3
U.S. government sponsored agencies
Schedule of Available-for-sale Securities
12 months or more, number of securities \| security	15		15
Loss in event of default	$ 0
Debt securities held to maturity, allowance for credit loss	0		$ 0
Investment Securities
Schedule of Available-for-sale Securities
Interest receivable	$ 9,800,000		$ 8,800,000

Investment Securities -Summary

Investment Securities -Summary of Investment Securities by Contractual Maturity (Details) - USD ($) $ in Thousands		Mar. 31, 2024	Dec. 31, 2023
Schedule of Available-for-sale Securities
Debt securities, maturing within 1 year, amortized cost		$ 13,305
Debt securities, maturing 1 to 5 years, amortized cost		139,817
Debt securities, maturing 5 to 10 years, amortized cost		220,376
Debt securities, maturing over 10 years, amortized cost		888,821
Amortized Cost		1,262,319	$ 1,184,288
Debt securities, maturing within 1 year, fair value		13,231
Debt securities, maturing 1 to 5 years, fair value		129,590
Debt securities, maturing 5 to 10 years, fair value		197,831
Debt securities, maturing over 10 years, fair value		775,814
Debt securities	[1]	$ 1,116,466	1,048,322
Available-for-sale securities, maturing within 1 year, weighted average yield		3.59%
Available-for-sale securities, maturing 1 to 5 years, weighted average yield		2.31%
Available-for-sale securities, maturing 5 to 10 years, weighted average yield		2.77%
Available-for-sale securities, maturing over 10 years, weighted average yield		2.73%
Available-for-sale securities, total weighted average yield		2.70%
U.S. Treasury and government agencies
Schedule of Available-for-sale Securities
Debt securities, maturing within 1 year, amortized cost		$ 985
Debt securities, maturing 1 to 5 years, amortized cost		15,661
Debt securities, maturing 5 to 10 years, amortized cost		7,272
Debt securities, maturing over 10 years, amortized cost		5,889
Amortized Cost		29,807	30,999
Debt securities, maturing within 1 year, fair value		978
Debt securities, maturing 1 to 5 years, fair value		14,619
Debt securities, maturing 5 to 10 years, fair value		7,303
Debt securities, maturing over 10 years, fair value		5,873
Debt securities		28,773	30,296
U.S. government sponsored agencies
Schedule of Available-for-sale Securities
Debt securities, maturing within 1 year, amortized cost		0
Debt securities, maturing 1 to 5 years, amortized cost		62,046
Debt securities, maturing 5 to 10 years, amortized cost		64,074
Debt securities, maturing over 10 years, amortized cost		84,751
Amortized Cost		210,871	128,500
Debt securities, maturing within 1 year, fair value		0
Debt securities, maturing 1 to 5 years, fair value		57,082
Debt securities, maturing 5 to 10 years, fair value		60,078
Debt securities, maturing over 10 years, fair value		83,300
Debt securities		200,460	118,607
States and political subdivisions
Schedule of Available-for-sale Securities
Debt securities, maturing within 1 year, amortized cost		10,319
Debt securities, maturing 1 to 5 years, amortized cost		45,388
Debt securities, maturing 5 to 10 years, amortized cost		59,362
Debt securities, maturing over 10 years, amortized cost		122,138
Amortized Cost		237,207	239,906
Debt securities, maturing within 1 year, fair value		10,264
Debt securities, maturing 1 to 5 years, fair value		42,516
Debt securities, maturing 5 to 10 years, fair value		50,785
Debt securities, maturing over 10 years, fair value		105,185
Debt securities		208,750	213,296
Residential mortgage-backed securities
Schedule of Available-for-sale Securities
Debt securities, maturing within 1 year, amortized cost		1
Debt securities, maturing 1 to 5 years, amortized cost		3,330
Debt securities, maturing 5 to 10 years, amortized cost		59,060
Debt securities, maturing over 10 years, amortized cost		655,266
Amortized Cost		717,657	717,772
Debt securities, maturing within 1 year, fair value		1
Debt securities, maturing 1 to 5 years, fair value		3,208
Debt securities, maturing 5 to 10 years, fair value		53,811
Debt securities, maturing over 10 years, fair value		564,671
Debt securities		621,691	628,924
Commercial mortgage-backed securities
Schedule of Available-for-sale Securities
Debt securities, maturing within 1 year, amortized cost		0
Debt securities, maturing 1 to 5 years, amortized cost		12,392
Debt securities, maturing 5 to 10 years, amortized cost		27,108
Debt securities, maturing over 10 years, amortized cost		20,777
Amortized Cost		60,277	60,611
Debt securities, maturing within 1 year, fair value		0
Debt securities, maturing 1 to 5 years, fair value		11,223
Debt securities, maturing 5 to 10 years, fair value		22,783
Debt securities, maturing over 10 years, fair value		16,785
Debt securities		50,791	51,234
Bank-issued trust preferred securities
Schedule of Available-for-sale Securities
Debt securities, maturing within 1 year, amortized cost		2,000
Debt securities, maturing 1 to 5 years, amortized cost		1,000
Debt securities, maturing 5 to 10 years, amortized cost		3,500
Debt securities, maturing over 10 years, amortized cost		0
Amortized Cost		6,500	6,500
Debt securities, maturing within 1 year, fair value		1,988
Debt securities, maturing 1 to 5 years, fair value		942
Debt securities, maturing 5 to 10 years, fair value		3,071
Debt securities, maturing over 10 years, fair value		0
Debt securities		$ 6,001	$ 5,965

[1] Available-for-sale investment securities and held-to-maturity investment securities are presented net of allowance for credit losses of $0 and $238, respectively, at March 31, 2024, and $0 and $238, respectively, at December 31, 2023.

Investment Securities - Summa_4

Investment Securities - Summary of Held-to-maturity Investment Securities (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	$ 679,744	$ 683,895
Allowance for Credit Losses	(238)	(238)
Gross Unrealized Gains	1,054	2,266
Gross Unrealized Losses	(78,448)	(73,901)
Fair Value	602,112	612,022
U.S. government sponsored agencies
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	188,423	188,475
Allowance for Credit Losses	0	0
Gross Unrealized Gains	309	489
Gross Unrealized Losses	(9,087)	(8,139)
Fair Value	179,645	180,825
States and political subdivisions
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	144,315	144,496
Allowance for Credit Losses	(238)	(238)
Gross Unrealized Gains	73	134
Gross Unrealized Losses	(31,075)	(30,104)
Fair Value	113,075	114,288
Residential mortgage-backed securities
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	246,579	248,559
Allowance for Credit Losses	0	0
Gross Unrealized Gains	672	1,643
Gross Unrealized Losses	(21,630)	(18,582)
Fair Value	225,621	231,620
Commercial mortgage-backed securities
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	100,427	102,365
Allowance for Credit Losses	0	0
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(16,656)	(17,076)
Fair Value	$ 83,771	$ 85,289

Investment Securities - Summa_5

Investment Securities - Summary of Held-to-maturity Securities with Unrealized Loss (Details) $ in Thousands	Mar. 31, 2024 USD ($) security	Dec. 31, 2023 USD ($) security
Schedule of Held-to-maturity Securities [Line Items]
Less than 12 months, fair value	$ 96,111	$ 122,785
Less than 12 months, unrealized loss	$ 3,108	$ 3,306
Less than 12 months, no. of securities \| security	34	34
12 months or more, fair value	$ 434,928	$ 386,135
12 months or more, unrealized loss	$ 75,340	$ 70,595
12 months or more, no. of securities \| security	157	150
Total fair value	$ 531,039	$ 508,920
Total unrealized loss	78,448	73,901
U.S. government sponsored agencies
Schedule of Held-to-maturity Securities [Line Items]
Less than 12 months, fair value	35,986	64,487
Less than 12 months, unrealized loss	$ 537	$ 356
Less than 12 months, no. of securities \| security	12	14
12 months or more, fair value	$ 118,531	$ 86,071
12 months or more, unrealized loss	$ 8,550	$ 7,783
12 months or more, no. of securities \| security	21	18
Total fair value	$ 154,517	$ 150,558
Total unrealized loss	9,087	8,139
States and political subdivisions
Schedule of Held-to-maturity Securities [Line Items]
Less than 12 months, fair value	0	0
Less than 12 months, unrealized loss	$ 0	$ 0
Less than 12 months, no. of securities \| security	0	0
12 months or more, fair value	$ 109,887	$ 111,040
12 months or more, unrealized loss	$ 31,075	$ 30,104
12 months or more, no. of securities \| security	67	67
Total fair value	$ 109,887	$ 111,040
Total unrealized loss	31,075	30,104
Residential mortgage-backed securities
Schedule of Held-to-maturity Securities [Line Items]
Less than 12 months, fair value	51,550	44,379
Less than 12 months, unrealized loss	$ 1,274	$ 1,105
Less than 12 months, no. of securities \| security	17	14
12 months or more, fair value	$ 133,314	$ 117,654
12 months or more, unrealized loss	$ 20,356	$ 17,477
12 months or more, no. of securities \| security	39	34
Total fair value	$ 184,864	$ 162,033
Total unrealized loss	21,630	18,582
Commercial mortgage-backed securities
Schedule of Held-to-maturity Securities [Line Items]
Less than 12 months, fair value	8,575	13,919
Less than 12 months, unrealized loss	$ 1,297	$ 1,845
Less than 12 months, no. of securities \| security	5	6
12 months or more, fair value	$ 73,196	$ 71,370
12 months or more, unrealized loss	$ 15,359	$ 15,231
12 months or more, no. of securities \| security	30	31
Total fair value	$ 81,771	$ 85,289
Total unrealized loss	$ 16,656	$ 17,076

Investment Securities - Summa_6

Investment Securities - Summary of Held-to-maturity Securities by Maturities (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Schedule of Held-to-maturity Securities [Line Items]
Debt securities, maturing within 1 year, amortized cost	$ 11,990
Debt securities, maturing 1 to 5 years, amortized cost	26,887
Debt securities, maturing 5 to 10 years, amortized cost	121,537
Debt securities, maturing over 10 years, amortized cost	519,330
Amortized Cost	679,744	$ 683,895
Debt securities, maturing within 1 year, fair value	11,897
Debt securities, maturing 1 to 5 years, fair value	25,553
Debt securities, maturing 5 to 10 years, fair value	112,859
Debt securities, maturing over 10 years, fair value	451,803
Debt securities, held-to-maturity, fair value	$ 602,112	612,022
Held-to-maturity securities, maturing within 1 year, weighted average yield	3.85%
Held-to-maturity securities, maturing 1 to 5 years, weighted average yield	2.51%
Held-to-maturity securities, maturing 6 to 10 years, weighted average yield	4%
Held-to-maturity securities, maturing over 10 years, weighted average yield	3.51%
Held-to-maturity securities, total weighted average yield	3.57%
U.S. government sponsored agencies
Schedule of Held-to-maturity Securities [Line Items]
Debt securities, maturing within 1 year, amortized cost	$ 10,500
Debt securities, maturing 1 to 5 years, amortized cost	10,643
Debt securities, maturing 5 to 10 years, amortized cost	67,056
Debt securities, maturing over 10 years, amortized cost	100,224
Amortized Cost	188,423	188,475
Debt securities, maturing within 1 year, fair value	10,419
Debt securities, maturing 1 to 5 years, fair value	10,144
Debt securities, maturing 5 to 10 years, fair value	66,436
Debt securities, maturing over 10 years, fair value	92,646
Debt securities, held-to-maturity, fair value	179,645	180,825
States and political subdivisions
Schedule of Held-to-maturity Securities [Line Items]
Debt securities, maturing within 1 year, amortized cost	0
Debt securities, maturing 1 to 5 years, amortized cost	6,422
Debt securities, maturing 5 to 10 years, amortized cost	11,419
Debt securities, maturing over 10 years, amortized cost	126,474
Amortized Cost	144,315	144,496
Debt securities, maturing within 1 year, fair value	0
Debt securities, maturing 1 to 5 years, fair value	6,249
Debt securities, maturing 5 to 10 years, fair value	9,813
Debt securities, maturing over 10 years, fair value	97,013
Debt securities, held-to-maturity, fair value	113,075	114,288
Residential mortgage-backed securities
Schedule of Held-to-maturity Securities [Line Items]
Debt securities, maturing within 1 year, amortized cost	0
Debt securities, maturing 1 to 5 years, amortized cost	451
Debt securities, maturing 5 to 10 years, amortized cost	4,241
Debt securities, maturing over 10 years, amortized cost	241,887
Amortized Cost	246,579	248,559
Debt securities, maturing within 1 year, fair value	0
Debt securities, maturing 1 to 5 years, fair value	441
Debt securities, maturing 5 to 10 years, fair value	3,696
Debt securities, maturing over 10 years, fair value	221,484
Debt securities, held-to-maturity, fair value	225,621	231,620
Commercial mortgage-backed securities
Schedule of Held-to-maturity Securities [Line Items]
Debt securities, maturing within 1 year, amortized cost	1,490
Debt securities, maturing 1 to 5 years, amortized cost	9,371
Debt securities, maturing 5 to 10 years, amortized cost	38,821
Debt securities, maturing over 10 years, amortized cost	50,745
Amortized Cost	100,427	102,365
Debt securities, maturing within 1 year, fair value	1,478
Debt securities, maturing 1 to 5 years, fair value	8,719
Debt securities, maturing 5 to 10 years, fair value	32,914
Debt securities, maturing over 10 years, fair value	40,660
Debt securities, held-to-maturity, fair value	$ 83,771	$ 85,289

Investment Securities - Summa_7

Investment Securities - Summary of Other Investment Securities (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Other Investments Carrying Value [Line Items]
Total other investment securities	$ 62,939	$ 63,421
Carrying Amount
Other Investments Carrying Value [Line Items]
FHLB stock	28,426	29,949
FRB stock	27,114	26,896
Nonqualified deferred compensation	3,890	3,162
Equity investment securities	2,640	2,545
Other investment securities	$ 869	$ 869

Investment Securities - Summa_8

Investment Securities - Summary of Pledged Securities (Details) - USD ($) $ in Thousands		Mar. 31, 2024	Dec. 31, 2023
Debt Securities, Available-for-sale [Line Items]
Held-to-maturity	[1]	$ 679,506	$ 683,657
Asset Pledged as Collateral \| Securing public and trust department deposits, and repurchase agreements:
Debt Securities, Available-for-sale [Line Items]
Available-for-sale		809,988	713,033
Held-to-maturity		568,473	559,142
Asset Pledged as Collateral \| Securing additional borrowing capacity at the FHLB and the FRB:
Debt Securities, Available-for-sale [Line Items]
Available-for-sale		98,146	85,899
Held-to-maturity		$ 50,046	$ 39,607

[1] Available-for-sale investment securities and held-to-maturity investment securities are presented net of allowance for credit losses of $0 and $238, respectively, at March 31, 2024, and $0 and $238, respectively, at December 31, 2023.

Loans and Leases - Summary of L

Loans and Leases - Summary of Loans by Classification (Details) - USD ($) $ in Thousands		Mar. 31, 2024	Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	[1]	$ 6,202,827	$ 6,159,196
Loans Receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans		6,202,827	6,159,196
Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans		314,687	364,019
Commercial real estate, other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans		2,243,780	2,196,957
Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans		1,214,615	1,184,986
Premium finance
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans		238,962	203,177
Leases
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans		422,694	414,060
Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans		781,888	791,095
Home equity lines of credit
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans		221,079	208,675
Consumer, indirect
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans		650,228	666,472
Consumer, direct
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans		113,588	128,769
Deposit account overdrafts
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans		$ 1,306	$ 986

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

Loans and Leases - Narrative (D

Loans and Leases - Narrative (Details) $ in Thousands	3 Months Ended
Loans and Leases - Narrative (Details) $ in Thousands	Mar. 31, 2024 USD ($) loan lease	Mar. 31, 2023 USD ($)	Dec. 31, 2023 USD ($)
Financing Receivable, Allowance for Credit Loss [Line Items]
Percent of loans considered current	98.70%		98.60%
Total collateral dependent loans	$ 1,000
Aggregate credit exposure threshold	1,000
Provision for (Recovery of) Credit Losses	6,131	$ 1,685
Net charge-off		1,500
Credit loss liability	1,700		$ 1,800
90 + Days
Financing Receivable, Allowance for Credit Loss [Line Items]
Interest income	500
Loans Receivable
Financing Receivable, Allowance for Credit Loss [Line Items]
Interest receivable	$ 24,300		$ 24,500
Commercial and industrial
Financing Receivable, Allowance for Credit Loss [Line Items]
Number of loans \| loan	1
Increase in nonaccrual loans	$ 1,900
Provision for (Recovery of) Credit Losses	319	79
Leases
Financing Receivable, Allowance for Credit Loss [Line Items]
Increase in nonaccrual loans	$ 1,400
Number of leases that went on nonaccrual \| lease	2
Provision for (Recovery of) Credit Losses	$ 3,097	1,003
Premium finance
Financing Receivable, Allowance for Credit Loss [Line Items]
Increase in accruing loans 90 days or more past due	900
Provision for (Recovery of) Credit Losses	169	103
Consumer, indirect
Financing Receivable, Allowance for Credit Loss [Line Items]
Provision for (Recovery of) Credit Losses	$ 1,101	1,183
Net charge-off		$ 900

Loans and Leases - Summary of N

Loans and Leases - Summary of Nonaccrual and Past Due Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual	$ 31,361	$ 25,477
Accruing Loans 90+ Days Past Due	7,662	6,716
Financing receivable, nonaccrual, no allowance	3,800	1,200
Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual	0	0
Accruing Loans 90+ Days Past Due	0	0
Commercial real estate, other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual	3,773	2,816
Accruing Loans 90+ Days Past Due	231	78
Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual	6,205	2,758
Accruing Loans 90+ Days Past Due	10	316
Premium finance
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual	0	0
Accruing Loans 90+ Days Past Due	2,208	1,355
Finance Leases Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual	10,136	8,436
Accruing Loans 90+ Days Past Due	4,070	3,826
Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual	7,450	7,921
Accruing Loans 90+ Days Past Due	780	877
Home equity lines of credit
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual	1,134	1,022
Accruing Loans 90+ Days Past Due	181	171
Consumer, indirect
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual	2,506	2,412
Accruing Loans 90+ Days Past Due	134	68
Consumer, direct
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual	157	112
Accruing Loans 90+ Days Past Due	$ 48	$ 25

Loans and Leases - Summary of A

Loans and Leases - Summary of Aging of The Recorded Investment In Past Due Loans and Leases (Details) - USD ($) $ in Thousands		Mar. 31, 2024	Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	[1]	$ 6,202,827	$ 6,159,196
Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans		314,687	364,019
Commercial real estate, other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans		2,243,780	2,196,957
Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans		1,214,615	1,184,986
Premium finance
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans		238,962	203,177
Leases
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans		422,694	414,060
Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans		781,888	791,095
Home equity lines of credit
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans		221,079	208,675
Consumer, indirect
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans		650,228	666,472
Consumer, direct
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans		113,588	128,769
Deposit account overdrafts
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans		1,306	986
Total
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans		77,927	83,679
Total \| Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans		15	65
Total \| Commercial real estate, other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans		6,016	8,856
Total \| Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans		7,104	6,260
Total \| Premium finance
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans		4,533	3,510
Total \| Leases
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans		31,965	29,689
Total \| Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans		17,082	21,235
Total \| Home equity lines of credit
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans		2,987	2,935
Total \| Consumer, indirect
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans		7,438	10,268
Total \| Consumer, direct
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans		787	861
Total \| Deposit account overdrafts
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans		0	0
30 - 59 days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans		40,967	42,095
30 - 59 days \| Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans		0	13
30 - 59 days \| Commercial real estate, other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans		2,369	2,728
30 - 59 days \| Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans		2,482	1,717
30 - 59 days \| Premium finance
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans		1,436	1,288
30 - 59 days \| Leases
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans		15,567	12,743
30 - 59 days \| Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans		11,726	14,021
30 - 59 days \| Home equity lines of credit
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans		1,386	1,561
30 - 59 days \| Consumer, indirect
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans		5,448	7,488
30 - 59 days \| Consumer, direct
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans		553	536
30 - 59 days \| Deposit account overdrafts
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans		0	0
60 - 89 days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans		8,190	17,154
60 - 89 days \| Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans		15	52
60 - 89 days \| Commercial real estate, other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans		1,332	4,556
60 - 89 days \| Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans		850	1,491
60 - 89 days \| Premium finance
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans		889	867
60 - 89 days \| Leases
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans		2,496	4,932
60 - 89 days \| Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans		1,179	2,733
60 - 89 days \| Home equity lines of credit
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans		731	691
60 - 89 days \| Consumer, indirect
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans		569	1,550
60 - 89 days \| Consumer, direct
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans		129	282
60 - 89 days \| Deposit account overdrafts
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans		0	0
90 + Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans		28,770	24,430
90 + Days \| Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans		0	0
90 + Days \| Commercial real estate, other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans		2,315	1,572
90 + Days \| Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans		3,772	3,052
90 + Days \| Premium finance
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans		2,208	1,355
90 + Days \| Leases
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans		13,902	12,014
90 + Days \| Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans		4,177	4,481
90 + Days \| Home equity lines of credit
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans		870	683
90 + Days \| Consumer, indirect
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans		1,421	1,230
90 + Days \| Consumer, direct
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans		105	43
90 + Days \| Deposit account overdrafts
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans		0	0
Current Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans		6,124,900	6,075,517
Current Loans \| Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans		314,672	363,954
Current Loans \| Commercial real estate, other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans		2,237,764	2,188,101
Current Loans \| Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans		1,207,511	1,178,726
Current Loans \| Premium finance
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans		234,429	199,667
Current Loans \| Leases
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans		390,729	384,371
Current Loans \| Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans		764,806	769,860
Current Loans \| Home equity lines of credit
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans		218,092	205,740
Current Loans \| Consumer, indirect
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans		642,790	656,204
Current Loans \| Consumer, direct
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans		112,801	127,908
Current Loans \| Deposit account overdrafts
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans		$ 1,306	$ 986

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

Loans and Leases - Summary of P

Loans and Leases - Summary of Pledged Securities (Details) - USD ($) $ in Thousands		Mar. 31, 2024	Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	[1]	$ 6,202,827	$ 6,159,196
Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans		781,888	791,095
Residential real estate \| Asset Pledged as Collateral
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans		1,173,512	1,206,134
Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans		1,214,615	1,184,986
Commercial and industrial \| Asset Pledged as Collateral
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans		$ 445,922	$ 419,245

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

Loans and Leases - Summary of_2

Loans and Leases - Summary of Loans by Risk Category (Details) - USD ($) $ in Thousands		3 Months Ended		12 Months Ended
		Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Originated fiscal year		$ 412,258		$ 1,352,734
Originated one year before fiscal year		1,201,861		1,206,325
Originated two years before fiscal year		1,162,502		1,025,875
Originated three years before fiscal year		969,904		536,750
Originated four years before fiscal year		482,594		430,610
Prior		1,675,304		1,336,994
Revolving Loans		298,404		269,908
Revolving Loans Converted to Term		8,705		11,007
Total Loans	[1]	6,202,827		6,159,196
Originated fiscal year, charge-offs		336		2,794
Originated one year before fiscal year, charge-offs		1,239		3,706
Originated two years before fiscal year, charge-offs		1,321		2,326
Originated three years before fiscal year, charge-offs		419		652
Originated four years before fiscal year, charge-offs		167		415
Prior, charge-offs		392		1,587
Total Loans, charge-offs		3,874	$ 1,855	11,480
Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Originated fiscal year		13,704		81,473
Originated one year before fiscal year		95,699		146,592
Originated two years before fiscal year		127,280		85,913
Originated three years before fiscal year		56,375		27,169
Originated four years before fiscal year		3,724		9,995
Prior		17,905		12,877
Revolving Loans		0		0
Revolving Loans Converted to Term		0		0
Total Loans		314,687		364,019
Originated fiscal year, charge-offs		0		0
Originated one year before fiscal year, charge-offs		0		0
Originated two years before fiscal year, charge-offs		0		9
Originated three years before fiscal year, charge-offs		0		0
Originated four years before fiscal year, charge-offs		0		0
Prior, charge-offs		0		0
Total Loans, charge-offs		0	9	9
Commercial real estate, other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Originated fiscal year		36,998		200,851
Originated one year before fiscal year		207,651		343,158
Originated two years before fiscal year		374,742		377,480
Originated three years before fiscal year		398,749		246,607
Originated four years before fiscal year		239,993		271,145
Prior		940,901		719,674
Revolving Loans		44,746		38,042
Revolving Loans Converted to Term		224		230
Total Loans		2,243,780		2,196,957
Originated fiscal year, charge-offs		0		0
Originated one year before fiscal year, charge-offs		0		0
Originated two years before fiscal year, charge-offs		212		0
Originated three years before fiscal year, charge-offs		0		39
Originated four years before fiscal year, charge-offs		0		0
Prior, charge-offs		0		575
Total Loans, charge-offs		212	33	614
Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Originated fiscal year		60,989		226,512
Originated one year before fiscal year		228,060		198,560
Originated two years before fiscal year		184,588		218,575
Originated three years before fiscal year		196,124		102,274
Originated four years before fiscal year		92,861		61,758
Prior		198,361		145,468
Revolving Loans		253,632		231,839
Revolving Loans Converted to Term		7,415		9,431
Total Loans		1,214,615		1,184,986
Originated fiscal year, charge-offs		0		0
Originated one year before fiscal year, charge-offs		0		36
Originated two years before fiscal year, charge-offs		0		202
Originated three years before fiscal year, charge-offs		15		25
Originated four years before fiscal year, charge-offs		57		173
Prior, charge-offs		163		415
Total Loans, charge-offs		235	1	851
Premium finance
Accounts, Notes, Loans and Financing Receivable [Line Items]
Originated fiscal year		134,052		201,659
Originated one year before fiscal year		104,528		1,517
Originated two years before fiscal year		382		1
Originated three years before fiscal year		0		0
Originated four years before fiscal year		0		0
Prior		0		0
Revolving Loans		0		0
Revolving Loans Converted to Term		0		0
Total Loans		238,962		203,177
Originated fiscal year, charge-offs		0		25
Originated one year before fiscal year, charge-offs		31		97
Originated two years before fiscal year, charge-offs		23		0
Originated three years before fiscal year, charge-offs		0		0
Originated four years before fiscal year, charge-offs		0		0
Prior, charge-offs		0		0
Total Loans, charge-offs		54	23	122
Leases
Accounts, Notes, Loans and Financing Receivable [Line Items]
Originated fiscal year		74,212		218,859
Originated one year before fiscal year		181,311		118,862
Originated two years before fiscal year		106,368		54,727
Originated three years before fiscal year		47,273		14,590
Originated four years before fiscal year		11,063		5,205
Prior		2,467		1,817
Revolving Loans		0		0
Revolving Loans Converted to Term		0		0
Total Loans		422,694		414,060
Originated fiscal year, charge-offs		0		963
Originated one year before fiscal year, charge-offs		596		1,328
Originated two years before fiscal year, charge-offs		454		1,173
Originated three years before fiscal year, charge-offs		169		233
Originated four years before fiscal year, charge-offs		28		165
Prior, charge-offs		23		135
Total Loans, charge-offs		1,270	469	3,997
Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Originated fiscal year		13,458		76,000
Originated one year before fiscal year		73,969		91,749
Originated two years before fiscal year		89,706		140,742
Originated three years before fiscal year		137,801		58,326
Originated four years before fiscal year		57,493		46,036
Prior		409,461		378,242
Revolving Loans		0		0
Revolving Loans Converted to Term		0		0
Total Loans		781,888		791,095
Originated fiscal year, charge-offs		0		0
Originated one year before fiscal year, charge-offs		0		0
Originated two years before fiscal year, charge-offs		0		0
Originated three years before fiscal year, charge-offs		5		0
Originated four years before fiscal year, charge-offs		0		0
Prior, charge-offs		75		170
Total Loans, charge-offs		80	41	170
Home equity lines of credit
Accounts, Notes, Loans and Financing Receivable [Line Items]
Originated fiscal year		18,738		39,725
Originated one year before fiscal year		40,904		42,565
Originated two years before fiscal year		41,134		33,467
Originated three years before fiscal year		31,852		19,872
Originated four years before fiscal year		18,951		14,420
Prior		69,474		58,599
Revolving Loans		26		27
Revolving Loans Converted to Term		1,066		1,346
Total Loans		221,079		208,675
Originated fiscal year, charge-offs		0		0
Originated one year before fiscal year, charge-offs		0		0
Originated two years before fiscal year, charge-offs		0		0
Originated three years before fiscal year, charge-offs		0		0
Originated four years before fiscal year, charge-offs		0		0
Prior, charge-offs		0		110
Total Loans, charge-offs		0	19	110
Consumer, indirect
Accounts, Notes, Loans and Financing Receivable [Line Items]
Originated fiscal year		42,573		248,169
Originated one year before fiscal year		233,703		226,193
Originated two years before fiscal year		205,716		97,489
Originated three years before fiscal year		86,555		59,602
Originated four years before fiscal year		51,432		18,836
Prior		30,249		16,183
Revolving Loans		0		0
Revolving Loans Converted to Term		0		0
Total Loans		650,228		666,472
Originated fiscal year, charge-offs		0		609
Originated one year before fiscal year, charge-offs		564		2,091
Originated two years before fiscal year, charge-offs		550		865
Originated three years before fiscal year, charge-offs		219		255
Originated four years before fiscal year, charge-offs		75		63
Prior, charge-offs		53		147
Total Loans, charge-offs		1,461	929	4,030
Consumer, direct
Accounts, Notes, Loans and Financing Receivable [Line Items]
Originated fiscal year		16,228		58,500
Originated one year before fiscal year		36,036		37,129
Originated two years before fiscal year		32,586		17,481
Originated three years before fiscal year		15,175		8,310
Originated four years before fiscal year		7,077		3,215
Prior		6,486		4,134
Revolving Loans		0		0
Revolving Loans Converted to Term		0		0
Total Loans		113,588		128,769
Originated fiscal year, charge-offs		0		36
Originated one year before fiscal year, charge-offs		48		154
Originated two years before fiscal year, charge-offs		82		77
Originated three years before fiscal year, charge-offs		11		100
Originated four years before fiscal year, charge-offs		7		14
Prior, charge-offs		78		35
Total Loans, charge-offs		226	104	416
Deposit account overdrafts
Accounts, Notes, Loans and Financing Receivable [Line Items]
Originated fiscal year		1,306		986
Originated one year before fiscal year		0		0
Originated two years before fiscal year		0		0
Originated three years before fiscal year		0		0
Originated four years before fiscal year		0		0
Prior		0		0
Revolving Loans		0		0
Revolving Loans Converted to Term		0		0
Total Loans		1,306		986
Originated fiscal year, charge-offs		336		1,161
Originated one year before fiscal year, charge-offs		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
Prior, charge-offs		0
Total Loans, charge-offs		336	$ 227	1,161
Pass \| Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Originated fiscal year		13,704		80,273
Originated one year before fiscal year		94,507		141,245
Originated two years before fiscal year		124,789		85,913
Originated three years before fiscal year		56,375		27,169
Originated four years before fiscal year		3,724		9,995
Prior		17,756		12,723
Revolving Loans		0		0
Revolving Loans Converted to Term		0		0
Total Loans		310,855		357,318
Pass \| Commercial real estate, other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Originated fiscal year		36,998		199,565
Originated one year before fiscal year		206,459		327,762
Originated two years before fiscal year		356,061		366,752
Originated three years before fiscal year		380,773		227,604
Originated four years before fiscal year		224,446		262,099
Prior		873,082		650,265
Revolving Loans		44,060		37,177
Revolving Loans Converted to Term		186		189
Total Loans		2,121,879		2,071,224
Pass \| Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Originated fiscal year		60,989		225,894
Originated one year before fiscal year		224,493		180,068
Originated two years before fiscal year		168,480		212,938
Originated three years before fiscal year		164,175		86,934
Originated four years before fiscal year		78,926		55,434
Prior		186,985		132,675
Revolving Loans		228,165		213,714
Revolving Loans Converted to Term		1,137		38
Total Loans		1,112,213		1,107,657
Pass \| Premium finance
Accounts, Notes, Loans and Financing Receivable [Line Items]
Originated fiscal year		134,052		201,659
Originated one year before fiscal year		104,528		1,517
Originated two years before fiscal year		382		1
Originated three years before fiscal year		0		0
Originated four years before fiscal year		0		0
Prior		0		0
Revolving Loans		0		0
Revolving Loans Converted to Term		0		0
Total Loans		238,962		203,177
Pass \| Leases
Accounts, Notes, Loans and Financing Receivable [Line Items]
Originated fiscal year		74,212		216,559
Originated one year before fiscal year		177,358		114,327
Originated two years before fiscal year		100,634		51,307
Originated three years before fiscal year		44,614		14,061
Originated four years before fiscal year		10,630		4,883
Prior		2,054		1,501
Revolving Loans		0		0
Revolving Loans Converted to Term		0		0
Total Loans		409,502		402,638
Pass \| Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Originated fiscal year		13,458		75,957
Originated one year before fiscal year		73,850		91,506
Originated two years before fiscal year		89,518		140,157
Originated three years before fiscal year		137,348		58,144
Originated four years before fiscal year		57,315		45,507
Prior		400,297		369,552
Revolving Loans		0		0
Revolving Loans Converted to Term		0		0
Total Loans		771,786		780,823
Pass \| Home equity lines of credit
Accounts, Notes, Loans and Financing Receivable [Line Items]
Originated fiscal year		18,738		39,706
Originated one year before fiscal year		40,864		42,565
Originated two years before fiscal year		41,076		33,406
Originated three years before fiscal year		31,757		19,838
Originated four years before fiscal year		18,917		14,297
Prior		68,214		57,482
Revolving Loans		26		27
Revolving Loans Converted to Term		1,066		1,346
Total Loans		219,592		207,321
Pass \| Consumer, indirect
Accounts, Notes, Loans and Financing Receivable [Line Items]
Originated fiscal year		42,573		247,829
Originated one year before fiscal year		232,913		225,225
Originated two years before fiscal year		204,737		96,698
Originated three years before fiscal year		85,796		59,044
Originated four years before fiscal year		50,864		18,644
Prior		29,835		15,977
Revolving Loans		0		0
Revolving Loans Converted to Term		0		0
Total Loans		646,718		663,417
Pass \| Consumer, direct
Accounts, Notes, Loans and Financing Receivable [Line Items]
Originated fiscal year		16,228		58,445
Originated one year before fiscal year		35,984		37,050
Originated two years before fiscal year		32,493		17,434
Originated three years before fiscal year		15,127		8,282
Originated four years before fiscal year		7,061		3,185
Prior		6,405		4,081
Revolving Loans		0		0
Revolving Loans Converted to Term		0		0
Total Loans		113,298		128,477
Special mention \| Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Originated fiscal year		0		0
Originated one year before fiscal year		0		3,757
Originated two years before fiscal year		918		0
Originated three years before fiscal year		0		0
Originated four years before fiscal year		0		0
Prior		121		123
Revolving Loans		0		0
Revolving Loans Converted to Term		0		0
Total Loans		1,039		3,880
Special mention \| Commercial real estate, other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Originated fiscal year		0		999
Originated one year before fiscal year		751		12,975
Originated two years before fiscal year		16,484		4,850
Originated three years before fiscal year		3,660		10,324
Originated four years before fiscal year		7,038		7,074
Prior		21,538		22,186
Revolving Loans		394		408
Revolving Loans Converted to Term		38		41
Total Loans		49,865		58,816
Special mention \| Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Originated fiscal year		0		540
Originated one year before fiscal year		3,474		12,051
Originated two years before fiscal year		11,329		533
Originated three years before fiscal year		1,562		9,723
Originated four years before fiscal year		9,340		4,722
Prior		5,517		6,336
Revolving Loans		23,638		16,236
Revolving Loans Converted to Term		5,500		8,614
Total Loans		54,860		50,141
Special mention \| Leases
Accounts, Notes, Loans and Financing Receivable [Line Items]
Originated fiscal year		0		363
Originated one year before fiscal year		1,575		1,529
Originated two years before fiscal year		1,179		476
Originated three years before fiscal year		295		81
Originated four years before fiscal year		105		1
Prior		0		5
Revolving Loans		0		0
Revolving Loans Converted to Term		0		0
Total Loans		3,154		2,455
Substandard \| Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Originated fiscal year		0		1,200
Originated one year before fiscal year		1,192		1,590
Originated two years before fiscal year		1,573		0
Originated three years before fiscal year		0		0
Originated four years before fiscal year		0		0
Prior		28		31
Revolving Loans		0		0
Revolving Loans Converted to Term		0		0
Total Loans		2,793		2,821
Substandard \| Commercial real estate, other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Originated fiscal year		0		287
Originated one year before fiscal year		441		2,421
Originated two years before fiscal year		2,197		5,878
Originated three years before fiscal year		14,316		8,679
Originated four years before fiscal year		8,509		1,972
Prior		46,271		47,213
Revolving Loans		292		457
Revolving Loans Converted to Term		0		0
Total Loans		72,026		66,907
Substandard \| Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Originated fiscal year		0		78
Originated one year before fiscal year		93		6,441
Originated two years before fiscal year		2,868		5,104
Originated three years before fiscal year		30,387		5,617
Originated four years before fiscal year		4,595		1,602
Prior		5,685		6,278
Revolving Loans		1,829		1,889
Revolving Loans Converted to Term		778		779
Total Loans		45,457		27,009
Substandard \| Leases
Accounts, Notes, Loans and Financing Receivable [Line Items]
Originated fiscal year		0		1,937
Originated one year before fiscal year		2,378		3,006
Originated two years before fiscal year		4,555		2,944
Originated three years before fiscal year		2,364		448
Originated four years before fiscal year		328		321
Prior		413		311
Revolving Loans		0		0
Revolving Loans Converted to Term		0		0
Total Loans		10,038		8,967
Substandard \| Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Originated fiscal year		0		43
Originated one year before fiscal year		119		243
Originated two years before fiscal year		188		585
Originated three years before fiscal year		453		182
Originated four years before fiscal year		178		529
Prior		9,082		8,604
Revolving Loans		0		0
Revolving Loans Converted to Term		0		0
Total Loans		10,020		10,186
Substandard \| Home equity lines of credit
Accounts, Notes, Loans and Financing Receivable [Line Items]
Originated fiscal year		0		19
Originated one year before fiscal year		40		0
Originated two years before fiscal year		58		61
Originated three years before fiscal year		95		34
Originated four years before fiscal year		34		123
Prior		1,252		1,109
Revolving Loans		0		0
Revolving Loans Converted to Term		0		0
Total Loans		1,479		1,346
Substandard \| Consumer, indirect
Accounts, Notes, Loans and Financing Receivable [Line Items]
Originated fiscal year		0		333
Originated one year before fiscal year		760		934
Originated two years before fiscal year		934		789
Originated three years before fiscal year		756		558
Originated four years before fiscal year		568		190
Prior		412		206
Revolving Loans		0		0
Revolving Loans Converted to Term		0		0
Total Loans		3,430		3,010
Substandard \| Consumer, direct
Accounts, Notes, Loans and Financing Receivable [Line Items]
Originated fiscal year		0		55
Originated one year before fiscal year		52		79
Originated two years before fiscal year		93		47
Originated three years before fiscal year		48		28
Originated four years before fiscal year		16		30
Prior		75		27
Revolving Loans		0		0
Revolving Loans Converted to Term		0		0
Total Loans		284		266
Doubtful \| Commercial real estate, other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Originated fiscal year		0		0
Originated one year before fiscal year		0		0
Originated two years before fiscal year		0		0
Originated three years before fiscal year		0		0
Originated four years before fiscal year		0		0
Prior		10		10
Revolving Loans		0		0
Revolving Loans Converted to Term		0		0
Total Loans		10		10
Doubtful \| Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Originated fiscal year		0		0
Originated one year before fiscal year		0		0
Originated two years before fiscal year		1,911		0
Originated three years before fiscal year		0		0
Originated four years before fiscal year		0		0
Prior		174		179
Revolving Loans		0		0
Revolving Loans Converted to Term		0		0
Total Loans		2,085		179
Loss \| Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Originated fiscal year		0		0
Originated one year before fiscal year		0		0
Originated two years before fiscal year		0		0
Originated three years before fiscal year		0		0
Originated four years before fiscal year		0		0
Prior		82		86
Revolving Loans		0		0
Revolving Loans Converted to Term		0		0
Total Loans		82		86
Loss \| Home equity lines of credit
Accounts, Notes, Loans and Financing Receivable [Line Items]
Originated fiscal year		0		0
Originated one year before fiscal year		0		0
Originated two years before fiscal year		0		0
Originated three years before fiscal year		0		0
Originated four years before fiscal year		0		0
Prior		8		8
Revolving Loans		0		0
Revolving Loans Converted to Term		0		0
Total Loans		8		8
Loss \| Consumer, indirect
Accounts, Notes, Loans and Financing Receivable [Line Items]
Originated fiscal year		0		7
Originated one year before fiscal year		30		34
Originated two years before fiscal year		45		2
Originated three years before fiscal year		3		0
Originated four years before fiscal year		0		2
Prior		2		0
Revolving Loans		0		0
Revolving Loans Converted to Term		0		0
Total Loans		80		45
Loss \| Consumer, direct
Accounts, Notes, Loans and Financing Receivable [Line Items]
Originated fiscal year		0		0
Originated one year before fiscal year		0		0
Originated two years before fiscal year		0		0
Originated three years before fiscal year		0		0
Originated four years before fiscal year		0		0
Prior		6		26
Revolving Loans		0		0
Revolving Loans Converted to Term		0		0
Total Loans		$ 6		$ 26

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

Loans and Leases - Summary of C

Loans and Leases - Summary of Collateral Dependent (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
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	1,928	$ 501
Commercial real estate, other \| Collateral Pledged
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total collateral dependent loans	689	0
Leases \| Collateral Pledged
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total collateral dependent loans	738	0
Residential real estate \| Collateral Pledged
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total collateral dependent loans	$ 501	$ 501

Loans and Leases - Summary of_3

Loans and Leases - Summary of Amortized Cost of Loans (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	$ 10,869	$ 2,393
Percentage of Total by Loan Category	0.18%	0.05%
Forbearance Plan
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	$ 0	$ 200
Payment Deferral
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	25	1,600
Term Extension
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	10,844	258
Forbearance Plan and Term Extension
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	0	335
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	$ 565	$ 200
Percentage of Total by Loan Category	0.03%	0.01%
Commercial real estate \| Forbearance Plan
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	$ 0	$ 200
Commercial real estate \| Payment Deferral
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	0	0
Commercial real estate \| Term Extension
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	565	0
Commercial real estate \| Forbearance Plan and Term Extension
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	0	0
Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	$ 10,203	$ 344
Percentage of Total by Loan Category	0.84%	0.04%
Commercial and industrial \| Forbearance Plan
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	$ 0	$ 0
Commercial and industrial \| Payment Deferral
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	0	0
Commercial and industrial \| Term Extension
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	10,203	9
Commercial and industrial \| Forbearance Plan and Term Extension
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	0	335
Leases
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	$ 25
Percentage of Total by Loan Category	0.01%
Leases \| Forbearance Plan
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	$ 0
Leases \| Payment Deferral
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	25
Leases \| Term Extension
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	0
Leases \| Forbearance Plan and Term Extension
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	0
Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	$ 76	$ 221
Percentage of Total by Loan Category	0.01%	0.03%
Residential real estate \| Forbearance Plan
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	$ 0	$ 0
Residential real estate \| Payment Deferral
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	0	0
Residential real estate \| Term Extension
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	76	221
Residential real estate \| Forbearance Plan and Term Extension
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	$ 0	0
Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total		$ 1,600
Percentage of Total by Loan Category		0.69%
Construction \| Forbearance Plan
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total		$ 0
Construction \| Payment Deferral
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total		1,600
Construction \| Term Extension
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total		0
Construction \| Forbearance Plan and Term Extension
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total		0
Consumer, indirect
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total		$ 28
Percentage of Total by Loan Category		0%
Consumer, indirect \| Forbearance Plan
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total		$ 0
Consumer, indirect \| Payment Deferral
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total		0
Consumer, indirect \| Term Extension
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total		28
Consumer, indirect \| Forbearance Plan and Term Extension
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total		$ 0

Loans and Leases - Summary of_4

Loans and Leases - Summary of Loan Modifications and Payment Deferrals (Details) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Weighted-Average Term Extension (in months)	6 months
Average Amount Capitalized as a Result of a Payment Delay	$ 0
Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Weighted-Average Term Extension (in months)	6 months	12 months
Average Amount Capitalized as a Result of a Payment Delay	$ 0	$ 0
Leases
Accounts, Notes, Loans and Financing Receivable [Line Items]
Weighted-Average Term Extension (in months)	9 months
Average Amount Capitalized as a Result of a Payment Delay	$ 0
Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Weighted-Average Term Extension (in months)	2 months	210 months
Average Amount Capitalized as a Result of a Payment Delay	$ 0	$ 8,969
Consumer, indirect
Accounts, Notes, Loans and Financing Receivable [Line Items]
Weighted-Average Term Extension (in months)		2 months
Average Amount Capitalized as a Result of a Payment Delay		$ 0

Loans and Leases - Summary of_5

Loans and Leases - Summary of Payment Deferral (Details) - Commercial and industrial $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Defaulted loan modification	$ 648
Payment Deferral
Accounts, Notes, Loans and Financing Receivable [Line Items]
Defaulted loan modification	$ 648

Loans and Leases - Summary of_6

Loans and Leases - Summary of Analysis of Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Mar. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans modified	$ 17,105	$ 2,393
Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans modified	70	1,600
Commercial real estate, other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans modified	2,636	200
Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans modified	14,067	344
Leases
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans modified	25
Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans modified	100	221
Home equity lines of credit
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans modified	207
Consumer, indirect
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans modified		28
30 - 59 days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans modified	269	28
30 - 59 days \| Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans modified	0	0
30 - 59 days \| Commercial real estate, other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans modified	193	0
30 - 59 days \| Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans modified	0	0
30 - 59 days \| Leases
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans modified	0
30 - 59 days \| Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans modified	76	0
30 - 59 days \| Home equity lines of credit
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans modified	0
30 - 59 days \| Consumer, indirect
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans modified		28
60 - 89 days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans modified	667	0
60 - 89 days \| Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans modified	0	0
60 - 89 days \| Commercial real estate, other
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	667	0
60 - 89 days \| Leases
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans modified	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
60 - 89 days \| Consumer, indirect
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans modified		0
90 + Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans modified	648	0
90 + Days \| Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans modified	0	0
90 + Days \| Commercial real estate, other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans modified	0	0
90 + Days \| Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans modified	648	0
90 + Days \| Leases
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans modified	0
90 + Days \| Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans modified	0	0
90 + Days \| Home equity lines of credit
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans modified	0
90 + Days \| Consumer, indirect
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans modified		0
Total Delinquent
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans modified	1,584	28
Total Delinquent \| Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans modified	0	0
Total Delinquent \| Commercial real estate, other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans modified	193	0
Total Delinquent \| Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans modified	1,315	0
Total Delinquent \| Leases
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans modified	0
Total Delinquent \| Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans modified	76	0
Total Delinquent \| Home equity lines of credit
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans modified	0
Total Delinquent \| Consumer, indirect
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans modified		28
Current
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans modified	15,521	2,365
Current \| Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans modified	70	1,600
Current \| Commercial real estate, other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans modified	2,443	200
Current \| Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans modified	12,752	344
Current \| Leases
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans modified	25
Current \| Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans modified	24	221
Current \| Home equity lines of credit
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans modified	$ 207
Current \| Consumer, indirect
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans modified		$ 0

Loans and Leases - Summary of_7

Loans and Leases - Summary of Activity in Allowance for Loan and Lease Losses (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Financing Receivable, Troubled Debt Restructuring [Line Items]
Beginning balance	$ 62,011	$ 53,162	$ 53,162
Initial Allowance for Acquired PCD Assets	0	0
Provision for (Recovery of) Credit Losses	6,131	1,685
Charge-offs	(3,874)	(1,855)	(11,480)
Recoveries	554	311
Ending balance	64,822	53,303	62,011
Construction
Financing Receivable, Troubled Debt Restructuring [Line Items]
Beginning balance	699	1,250	1,250
Initial Allowance for Acquired PCD Assets	0	0
Provision for (Recovery of) Credit Losses	2	32
Charge-offs	0	(9)	(9)
Recoveries	0	0
Ending balance	701	1,273	699
Commercial real estate, other
Financing Receivable, Troubled Debt Restructuring [Line Items]
Beginning balance	20,915	17,710	17,710
Initial Allowance for Acquired PCD Assets	0	0
Provision for (Recovery of) Credit Losses	1,002	(1,230)
Charge-offs	(212)	(33)	(614)
Recoveries	83	27
Ending balance	21,788	16,474	20,915
Commercial and industrial
Financing Receivable, Troubled Debt Restructuring [Line Items]
Beginning balance	10,490	8,229	8,229
Initial Allowance for Acquired PCD Assets	0	0
Provision for (Recovery of) Credit Losses	319	79
Charge-offs	(235)	(1)	(851)
Recoveries	7	0
Ending balance	10,581	8,307	10,490
Premium finance
Financing Receivable, Troubled Debt Restructuring [Line Items]
Beginning balance	484	344	344
Initial Allowance for Acquired PCD Assets	0	0
Provision for (Recovery of) Credit Losses	169	103
Charge-offs	(54)	(23)	(122)
Recoveries	8	9
Ending balance	607	433	484
Leases
Financing Receivable, Troubled Debt Restructuring [Line Items]
Beginning balance	10,850	8,495	8,495
Initial Allowance for Acquired PCD Assets	0	0
Provision for (Recovery of) Credit Losses	3,097	1,003
Charge-offs	(1,270)	(469)	(3,997)
Recoveries	212	80
Ending balance	12,889	9,109	10,850
Residential real estate
Financing Receivable, Troubled Debt Restructuring [Line Items]
Beginning balance	5,937	6,357	6,357
Initial Allowance for Acquired PCD Assets	0	0
Provision for (Recovery of) Credit Losses	(74)	159
Charge-offs	(80)	(41)	(170)
Recoveries	83	29
Ending balance	5,866	6,504	5,937
Home equity lines of credit
Financing Receivable, Troubled Debt Restructuring [Line Items]
Beginning balance	1,588	1,693	1,693
Initial Allowance for Acquired PCD Assets	0	0
Provision for (Recovery of) Credit Losses	94	43
Charge-offs	0	(19)	(110)
Recoveries	7	0
Ending balance	1,689	1,717	1,588
Consumer, indirect
Financing Receivable, Troubled Debt Restructuring [Line Items]
Beginning balance	8,590	7,448	7,448
Initial Allowance for Acquired PCD Assets	0	0
Provision for (Recovery of) Credit Losses	1,101	1,183
Charge-offs	(1,461)	(929)	(4,030)
Recoveries	71	79
Ending balance	8,301	7,781	8,590
Consumer, direct
Financing Receivable, Troubled Debt Restructuring [Line Items]
Beginning balance	2,343	1,575	1,575
Initial Allowance for Acquired PCD Assets	0	0
Provision for (Recovery of) Credit Losses	153	133
Charge-offs	(226)	(104)	(416)
Recoveries	9	15
Ending balance	2,279	1,619	2,343
Deposit account overdrafts
Financing Receivable, Troubled Debt Restructuring [Line Items]
Beginning balance	115	61	61
Initial Allowance for Acquired PCD Assets	0	0
Provision for (Recovery of) Credit Losses	268	180
Charge-offs	(336)	(227)	(1,161)
Recoveries	74	72
Ending balance	$ 121	$ 86	$ 115

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets - Summary of Goodwill (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Goodwill [Roll Forward]
Goodwill, beginning of year	$ 362,169	$ 292,397
Goodwill recorded from acquisitions	0	69,772
Goodwill, end of period	$ 362,169	$ 362,169

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Dec. 31, 2023	Apr. 30, 2023	Dec. 31, 2022
Goodwill [Line Items]
Goodwill	$ 362,169	$ 362,169		$ 292,397
Weighted average amortization period	8 years 6 months
Limestone Bancorp, Inc.
Goodwill [Line Items]
Goodwill	$ 68,800		$ 68,831
Limestone Bancorp, Inc. \| Core Deposits
Goodwill [Line Items]
Finite-lived intangible assets acquired	$ 27,700

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets - Summary of Other Intangible Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Finite-Lived Intangible Assets [Line Items]
Intangibles recorded from acquisitions	$ 0	$ 27,722
Accumulated amortization	(49,076)	(46,350)
Total acquisition-related intangibles	43,340
Total gross intangibles	94,597	66,875
Total acquisition-related intangibles	45,521	48,247
Servicing rights	1,285	1,385
Non-compete agreements	310	371
Total other intangibles	47,116	50,003
Indefinite-Lived Trade Names
Finite-Lived Intangible Assets [Line Items]
Intangibles recorded from acquisitions	0	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	26,464
Intangibles recorded from acquisitions	0	27,722
Accumulated amortization	(27,138)	(25,670)
Total acquisition-related intangibles	27,048	28,516
Customer Relationships
Finite-Lived Intangible Assets [Line Items]
Gross intangibles	37,920	37,920
Intangibles recorded from acquisitions	0	0
Accumulated amortization	(21,938)	(20,680)
Total acquisition-related intangibles	$ 15,982	$ 17,240

Goodwill and Other Intangible_6

Goodwill and Other Intangible Assets - Summary of Future Amortization of Intangible Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
Remaining nine months of 2024	$ 8,358
2025	8,759
2026	6,706
2027	5,155
2028	4,000
Thereafter	10,362
Total acquisition-related intangibles	43,340
Core Deposits
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
Remaining nine months of 2024	4,406
2025	4,609
2026	3,736
2027	3,043
2028	2,608
Thereafter	8,646
Total acquisition-related intangibles	27,048	$ 28,516
Customer Relationships
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
Remaining nine months of 2024	3,770
2025	4,038
2026	2,954
2027	2,112
2028	1,392
Thereafter	1,716
Total acquisition-related intangibles	15,982	$ 17,240
Non-Compete Agreements
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
Remaining nine months of 2024	182
2025	112
2026	16
2027	0
2028	0
Thereafter	0
Total acquisition-related intangibles	$ 310

Deposits - Summary of Deposit B

Deposits - Summary of Deposit Balances (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Deposit Liability [Line Items]
Time deposits	$ 2,163,858
Interest-bearing deposit accounts	1,107,711	$ 1,144,357
Savings accounts	901,493	919,244
Money market deposit accounts	859,961	775,488
Governmental deposit accounts	825,170	726,713
Total interest-bearing deposits	5,858,193	5,584,648
Non-interest-bearing deposits	1,468,363	1,567,649
Total deposits	7,326,556	7,152,297
Brokered CDs
Deposit Liability [Line Items]
Time deposits	483,444	575,429
Retail certificates of deposits ("CDs"):
Deposit Liability [Line Items]
$100 or more	956,845	815,300
Less than $100	723,569	628,117
Time deposits	$ 1,680,414	$ 1,443,417

Deposits - Narrative (Details)

Deposits - Narrative (Details)	Mar. 31, 2024 USD ($) contract	Dec. 31, 2023 USD ($)
Deposit Liability [Line Items]
Time deposits exceeding FDIC limit	$ 2,100,000,000	$ 2,000,000,000
Interest Rate Swap
Deposit Liability [Line Items]
Number of derivative instruments \| contract	11
Notional amount	$ 105,000,000	105,000,000
Asset Pledged as Collateral
Deposit Liability [Line Items]
Investment securities	0	$ 0
Asset Pledged as Collateral \| Deposits
Deposit Liability [Line Items]
Investment securities	$ 865,600,000

Deposits - Broken Out by Time R

Deposits - Broken Out by Time Remaining Until Maturity (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Banking and Thrift, Other Disclosure [Abstract]
3 months or less	$ 99,470	$ 58,708
Over 3 to 6 months	127,433	99,928
Over 6 to 12 months	148,528	131,263
Over 12 months	21,465	37,180
Total	$ 396,896	$ 327,079

Deposits - Summary of Time Depo

Deposits - Summary of Time Deposit Maturities (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Time Deposits, Fiscal Year Maturity [Abstract]
Remaining nine months ending December 31, 2024	$ 1,890,775
Year ending December 31, 2025	221,303
Year ending December 31, 2026	17,753
Year ending December 31, 2027	24,770
Year ending December 31, 2028	7,544
Thereafter	1,713
Total CDs	2,163,858
Brokered
Time Deposits, Fiscal Year Maturity [Abstract]
Remaining nine months ending December 31, 2024	483,444
Year ending December 31, 2025	0
Year ending December 31, 2026	0
Year ending December 31, 2027	0
Year ending December 31, 2028	0
Thereafter	0
Total CDs	483,444	$ 575,429
Retail
Time Deposits, Fiscal Year Maturity [Abstract]
Remaining nine months ending December 31, 2024	1,407,331
Year ending December 31, 2025	221,303
Year ending December 31, 2026	17,753
Year ending December 31, 2027	24,770
Year ending December 31, 2028	7,544
Thereafter	1,713
Total CDs	$ 1,680,414	$ 1,443,417

Stockholders' Equity - Summary

Stockholders' Equity - Summary of Common Stock and Treasury Stock (Details)	3 Months Ended
	Mar. 31, 2024 shares
Increase (Decrease) in Stock by Class [Roll Forward]
Common stock, beginning of period (in shares)	36,736,041
Treasury stock, beginning of period (in shares)	1,511,348
Changes related to deferred compensation plan for Boards of Directors:
Common stock, end of period (in shares)	36,747,787
Treasury stock, end of period (in shares)	1,355,337
Common Shares
Increase (Decrease) in Stock by Class [Roll Forward]
Common stock, beginning of period (in shares)	36,736,041
Changes related to stock-based compensation awards:
Release of restricted common shares (in shares)	0
Cancellation of restricted common shares (in shares)	0
Changes related to deferred compensation plan for Boards of Directors:
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)	11,746
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)	36,747,787
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)	1,511,348
Changes related to stock-based compensation awards:
Release of restricted common shares (in shares)	25,458
Cancellation of restricted common shares (in shares)	16,972
Changes related to deferred compensation plan for Boards of Directors:
Purchase of treasury stock (in shares)	4,643
Disbursed out of treasury stock (in shares)	(911)
Common shares repurchased under share repurchase program (in shares)	100,905
Common shares issued under dividend reinvestment plan (in shares)	0
Common shares issued under compensation plan for Boards of Directors (in shares)	(4,680)
Common shares issued under employee stock purchase plan (in shares)	(6,918)
Treasury stock, end of period (in shares)	1,355,337
Treasury Stock \| Restricted Shares
Changes related to stock-based compensation awards:
Grant of restricted common shares (in shares)	(291,480)

Stockholders' Equity - Narrativ

Stockholders' Equity - Narrative (Details) - USD ($)			3 Months Ended			6 Months Ended	38 Months Ended
Stockholders' Equity - Narrative (Details) - USD ($)	Apr. 22, 2024	Jan. 22, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2023	Mar. 31, 2024	Dec. 31, 2023	Jan. 28, 2021
Class of Stock [Line Items]
Authorized amount									$ 30,000,000
Preferred stock, shares authorized (in shares)			50,000				50,000	50,000
Preferred stock, shares issued (in shares)			0				0	0
Preferred stock, shares outstanding (in shares)			0				0
Cash dividends declared per common share (in usd per share)		$ 0.39	$ 0.39	$ 0.39	$ 0.38	$ 0.77
Subsequent Event
Class of Stock [Line Items]
Cash dividends declared per common share (in usd per share)	$ 0.40
Shares Repurchase Program Authorized in January 2021
Class of Stock [Line Items]
Common shares repurchased under share repurchase program (in shares)			100,905				471,307
Repurchase of common stock			$ 3,000,000				$ 13,400,000

Stockholders' Equity - Summar_2

Stockholders' Equity - Summary of Dividends Declared (Details) - $ / shares		3 Months Ended				6 Months Ended
	Jan. 22, 2024	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023
Class of Stock [Line Items]
Cash dividends declared per common share (in usd per share)	$ 0.39		$ 0.39	$ 0.39	$ 0.38		$ 0.77
Forecast
Class of Stock [Line Items]
Cash dividends declared per common share (in usd per share)		$ 0.40				$ 0.79

Stockholders' Equity - Summar_3

Stockholders' Equity - Summary of Accumulated Other Comprehensive (Loss) Income (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	$ 1,053,534
Realized loss on sale of securities, net of tax	1
Other comprehensive (loss) income, net of reclassifications and tax	(7,351)
Ending balance	1,062,002
Accumulated Other Comprehensive Loss
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(101,590)
Ending balance	(108,940)
Unrealized (Loss) Gain on Securities
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(104,222)
Realized loss on sale of securities, net of tax	1
Other comprehensive (loss) income, net of reclassifications and tax	(7,547)
Ending balance	(111,768)
Unrealized Gain on Cash Flow Hedges
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	2,632
Realized loss on sale of securities, net of tax	0
Other comprehensive (loss) income, net of reclassifications and tax	196
Ending balance	$ 2,828

Employee Benefit Plans (Details

Employee Benefit Plans (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended		39 Months Ended
Employee Benefit Plans (Details) - USD ($) $ in Millions	Mar. 31, 2024	Sep. 30, 2023	Dec. 31, 2023	Dec. 31, 2022	Mar. 31, 2024	Jun. 30, 2023
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Employer matching percentage					100%
Contribution matched by employer					6%
Matching contributions	$ 1.5		$ 5.4	$ 4.4
Other Postretirement Benefits Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Benefit based on highest average salary for number of consecutive years	5 years
Number of years for consecutive years calculation	10 years
Percent of annual salary to calculate benefit	2%
Pension Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Remaining benefit obligation						$ 7.7
Settlement charge		$ 2.4

Earnings Per Common Share (Deta

Earnings Per Common Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Earnings Per Share [Abstract]
Net income available to common shareholders	$ 29,584	$ 26,560
Less: Dividends paid on unvested common shares	(143)	(102)
Less: Undistributed income allocated to unvested common shares	(64)	(34)
Net earnings allocated to common shareholders	$ 29,377	$ 26,424
Weighted-average common shares outstanding (in shares)	34,740,349	27,891,760
Effect of potentially dilutive common shares (in shares)	311,461	130,119
Total weighted-average diluted common shares outstanding (in shares)	35,051,810	28,021,879
Earnings per common share:
Basic (in usd per share)	$ 0.85	$ 0.95
Diluted (in usd per share)	$ 0.84	$ 0.94
Anti-dilutive common shares excluded from calculation:
Restricted common shares (in shares)	3,180	155,018

Derivative Financial Instrume_3

Derivative Financial Instruments - Narrative (Details)	3 Months Ended
Derivative Financial Instruments - Narrative (Details)	Mar. 31, 2024 USD ($) contract	Mar. 31, 2023 USD ($)	Dec. 31, 2023 USD ($)
Derivative [Line Items]
Maximum length of time hedged	10 years
Reclassifications into Interest expense on cash flow hedge	$ 900,000	$ 100,000
AOCI reclassified as reduction in interest expense, during next 12 months	1,400,000
Cash pledged to peoples from counterparties	15,500,000		$ 12,800,000
Investment securities, counterparties pledged	2,100,000		2,200,000
Asset Pledged as Collateral
Derivative [Line Items]
Investment securities	0		0
Brokered Demand Deposits
Derivative [Line Items]
Notional amount	$ 105,000,000		105,000,000
Interest Rate Swap
Derivative [Line Items]
Number of derivative instruments \| contract	11
Notional amount	$ 105,000,000		105,000,000
Restricted cash	$ 0		$ 0

Derivative Financial Instrume_4

Derivative Financial Instruments - Summary of Interest Rate Swaps Designated as Cash Flow Hedges (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Derivative [Line Items]
Pre-tax changes in fair value included in AOCI	$ 256	$ (1,356)
Interest Rate Swap
Derivative [Line Items]
Notional amount	$ 105,000		$ 105,000
Weighted average pay rates	2.22%		2.22%
Weighted average receive rates	5.02%		4.63%
Weighted average maturity	1 year 8 months 12 days		2 years
Pre-tax changes in fair value included in AOCI	$ 3,689		$ 3,434

Derivative Financial Instrume_5

Derivative Financial Instruments - Summary of Gains or Losses Recorded in AOCI (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Net gain (loss) arising during the period	$ (1,872)	$ 1,356

Derivative Financial Instrume_6

Derivative Financial Instruments - Summary of Cash Flow Hedges (Details) - Interest rate swaps related to commercial loans - Designated as Hedging Instrument - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Derivative [Line Items]
Derivative asset, notional amount	$ 105,000	$ 105,000
Derivative asset, fair value	$ 3,574	$ 3,314

Derivative Financial Instrume_7

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	Mar. 31, 2024	Dec. 31, 2023
Derivative [Line Items]
Derivative asset, notional amount	$ 399,071	$ 416,106
Derivative asset, fair value	21,575	18,990
Derivative liability, notional amount	399,071	416,106
Derivative liability, fair value	$ 21,688	$ 19,122

Stock-Based Compensation - Narr

Stock-Based Compensation - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Employee stock purchase plan discount	15%
Unrecognized stock based compensation expense	$ 9.4
Period for recognition	2 years 3 months 18 days
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	$ 2.2	$ 2.3
Restricted Shares \| Performance-Based Vesting
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awarded (in shares)	283,712
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 - Summ

Stock-Based Compensation - Summary of Restricted Shares Activity (Details) - Restricted Shares	3 Months Ended
	Mar. 31, 2024 $ / shares shares
Time-Based Vesting
Number of Common Shares
Outstanding at January 1, 2024 (in shares) \| shares	142,419
Awarded (in shares) \| shares	7,768
Released (in shares) \| shares	(5,316)
Forfeited (in shares) \| shares	(5,938)
Outstanding at March 31, 2024 (in shares) \| shares	138,933
Weighted-Average Grant Date Fair Value
Outstanding at January 1, 2024 (in usd per share) \| $ / shares	$ 28.78
Awarded (in usd per share) \| $ / shares	28.95
Released (in usd per share) \| $ / shares	31.35
Forfeited (in usd per share) \| $ / shares	31.99
Outstanding at March 31, 2024 (in usd per share) \| $ / shares	$ 28.56
Performance-Based Vesting
Number of Common Shares
Outstanding at January 1, 2024 (in shares) \| shares	403,970
Awarded (in shares) \| shares	283,712
Released (in shares) \| shares	(72,550)
Forfeited (in shares) \| shares	(11,034)
Outstanding at March 31, 2024 (in shares) \| shares	604,098
Weighted-Average Grant Date Fair Value
Outstanding at January 1, 2024 (in usd per share) \| $ / shares	$ 31.21
Awarded (in usd per share) \| $ / shares	27.92
Released (in usd per share) \| $ / shares	31.48
Forfeited (in usd per share) \| $ / shares	29.48
Outstanding at March 31, 2024 (in usd per share) \| $ / shares	$ 29.66

Stock-Based Compensation - Su_2

Stock-Based Compensation - Summary of Stock-Based Compensation and Related Tax Benefit (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	$ 3,228	$ 2,325
Recognized tax benefit	(752)	(543)
Net stock-based compensation expense	2,476	1,782
Total employee stock-based compensation expense
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	3,090	2,189
Stock grant expense
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	3,024	2,150
Employee stock purchase plan expense
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	66	39
Non-employee director stock-based compensation expense
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	$ 138	$ 136

Revenue - Summary of Revenues (

Revenue - Summary of Revenues (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Disaggregation of Revenue [Line Items]
Commission and fees from sale of insurance policies	$ 4,199	$ 3,816
Fees related to third party insurance administration services	86	82
Performance-based commissions	2,213	1,527
Interchange income	4,797	4,181
Promotional and usage income	1,249	1,262
Ongoing maintenance fees for deposit accounts	1,718	1,461
Transaction-based fees	2,505	2,062
Other non-interest income transaction-based fees	504	430
Revenue	21,922	18,905
Services transferred over time
Disaggregation of Revenue [Line Items]
Revenue	16,648	14,886
Services transferred at a point in time
Disaggregation of Revenue [Line Items]
Revenue	5,274	4,019
Commercial loan swap fees
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	52	0
Trust and investment income \| Fiduciary Income
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	2,757	2,457
Trust and investment income \| Brokerage Income
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	$ 1,842	$ 1,627

Revenue - Summary of Contract A

Revenue - Summary of Contract Assets and Liabilities (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($)
Contract Assets
Balance, January 1, 2024	$ 753
Additional income receivable	37
Receipt of income previously receivable	(50)
Balance, March 31, 2024	740
Contract Liabilities
Balance, January 1, 2024	5,776
Additional deferred income	26
Recognition of income previously deferred	(529)
Balance, March 31, 2024	$ 5,273

Acquisitions - Limestone Bancor

Acquisitions - Limestone Bancorp, Inc. Narrative (Details) - Limestone Bancorp, Inc. $ in Millions		3 Months Ended	12 Months Ended
	Apr. 30, 2023 USD ($) branch shares	Mar. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)
Business Acquisition [Line Items]
Number of branches operated \| branch	20
Common shares paid (in shares) \| shares	0.90
Equity interest issued \| $	$ 177.9
Acquisition related cost \| $		$ (0.1)	$ 16.9
Common Shares
Business Acquisition [Line Items]
Issuance of common shares related to the merger with Limestone Bancorp, Inc. (in shares) \| shares	6,827,668

Acquisitions - Limestone Banc_2

Acquisitions - Limestone Bancorp, Inc. (Details) - USD ($) $ in Thousands		Apr. 30, 2023	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
Assets
Loans	[1]		$ 6,202,827	$ 6,159,196
Allowance for credit losses (on PCD loans)			(64,822)	(62,011)	$ (53,303)	$ (53,162)
Net loans	[2]		6,138,005	6,097,185
Other intangible assets			0	27,722
Liabilities
Goodwill			362,169	$ 362,169		$ 292,397
Limestone Bancorp, Inc.
Business Acquisition [Line Items]
Total purchase price		$ 177,931
Assets
Cash and balances due from banks		6,422
Interest-bearing deposits in other banks		87,115
Total cash and cash equivalents		93,537
Loans		1,077,929
Allowance for credit losses (on PCD loans)		(2,051)
Net loans		1,075,878
Bank premises and equipment, net of accumulated depreciation		17,690
Bank owned life insurance		31,343
Other intangible assets		27,722
Other assets		36,874
Total assets		1,455,704
Liabilities
Deposits		1,234,184
Short-term borrowings		60,000
Long-term borrowings		39,453
Accrued expenses and other liabilities		12,967
Total liabilities		1,346,604
Net assets		109,100
Goodwill		68,831	$ 68,800
Limestone Bancorp, Inc. \| Non-interest-bearing
Liabilities
Deposits		262,727
Limestone Bancorp, Inc. \| Interest-bearing
Liabilities
Deposits		971,457
Limestone Bancorp, Inc. \| Available-for-sale investment securities, at fair value
Assets
Investment securities		166,944
Limestone Bancorp, Inc. \| Other investment securities
Assets
Investment securities		5,716
Limestone Bancorp, Inc. \| Total investment securities
Assets
Investment securities		$ 172,660

[1]Also referred to throughout this Quarterly Report on Form 10-Q as "total loans" and "loans held for investment."[2]Also referred to throughout this Quarterly Report on Form 10-Q as "net loans."

Acquisitions - Summary of Acqui

Acquisitions - Summary of Acquired Purchased Credit Deteriorated Loans (Details) - Limestone Bancorp, Inc. $ in Thousands	Apr. 30, 2023 USD ($)
Business Acquisition [Line Items]
Par Value	$ 55,504
Allowance for Credit Losses	(2,051)
Non-Credit (Discount) Premium	(3,451)
Fair Value	50,002
Commercial Real Estate Portfolio Segment
Business Acquisition [Line Items]
Par Value	30,907
Allowance for Credit Losses	(1,340)
Non-Credit (Discount) Premium	(2,160)
Fair Value	27,407
Commercial and industrial
Business Acquisition [Line Items]
Par Value	16,466
Allowance for Credit Losses	(379)
Non-Credit (Discount) Premium	(610)
Fair Value	15,477
Residential real estate
Business Acquisition [Line Items]
Par Value	6,328
Allowance for Credit Losses	(228)
Non-Credit (Discount) Premium	(770)
Fair Value	5,330
Home equity lines of credit
Business Acquisition [Line Items]
Par Value	774
Allowance for Credit Losses	(18)
Non-Credit (Discount) Premium	11
Fair Value	767
Consumer
Business Acquisition [Line Items]
Par Value	1,029
Allowance for Credit Losses	(86)
Non-Credit (Discount) Premium	78
Fair Value	$ 1,021

Leases - Summary of Sales Type

Leases - Summary of Sales Type Lease Income (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Leases [Abstract]
Interest and fees on leases	$ 12,067	$ 9,643
Lease income	1,236	1,077
Other non-interest income	$ 785	$ 0
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
Total lease income	$ 14,088	$ 10,720

Leases - Summary of Sales Typ_2

Leases - Summary of Sales Type Leases (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Lessee, Lease, Description [Line Items]
Lease payments receivable, at amortized cost	$ 473,987	$ 463,742
Estimated residual values	34,157	33,448
Initial direct costs	7,334	7,114
Deferred revenue	(92,784)	(90,244)
Leases
Lessee, Lease, Description [Line Items]
Net investment in leases	422,694	414,060
Allowance for credit losses - leases	(12,889)	(10,850)
Net investment in leases, after allowance for credit losses	$ 409,805	$ 403,210

Leases - Summary of Sales Typ_3

Leases - Summary of Sales Type Lease Maturity (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Leases [Abstract]
Remaining nine months ending December 31, 2024	$ 103,408
Year ending December 31, 2025	109,429
Year ending December 31, 2026	100,493
Year ending December 31, 2027	82,587
Year ending December 31, 2028	55,038
Thereafter	23,032
Lease payments receivable, at amortized cost	$ 473,987	$ 463,742

Leases - Narrative (Details)

Leases - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
Leases - Narrative (Details) - USD ($) $ in Millions	Mar. 31, 2024	Mar. 31, 2023
Lessee, Lease, Description [Line Items]
Operating lease payments	$ 0.7	$ 0.7
Minimum
Lessee, Lease, Description [Line Items]
Operating lease term	2 years
Maximum
Lessee, Lease, Description [Line Items]
Operating lease term	30 years

Leases - Summary of Lease Cost

Leases - Summary of Lease Cost (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Leases [Abstract]
Operating lease expense	$ 735	$ 695
Short-term lease expense	305	95
Total lease expense	$ 1,040	790
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Other assets		Other assets
ROU assets:	$ 11,682		$ 11,689
Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Accrued expenses and other liabilities		Accrued expenses and other liabilities
Lease liabilities:	$ 12,062		$ 12,080
Weighted-average remaining lease term	9 years 2 months 12 days		9 years 6 months
Weighted-average discount rate	3.92%		3.34%
Additions for ROU assets obtained during the year	$ 509	$ 336	$ 4,428

Leases - Summary of Operating L

Leases - Summary of Operating Lease Maturities (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Lessee, Operating Lease, Liability, Payment, Due [Abstract]
Remaining nine months ending December 31, 2024	$ 2,280
Year ending December 31, 2025	2,210
Year ending December 31, 2026	1,950
Year ending December 31, 2027	1,762
Year ending December 31, 2028	1,338
Thereafter	5,412
Total undiscounted lease payments	14,952
Imputed interest	(2,890)
Total lease liabilities	$ 12,062	$ 12,080