Development of scrimber composites and other engineered wood products from low-value wood and wood waste provides an effective opportunity to preserve natural resources, minimize waste, and innovate the production of higher-performance, environment-friendly construction materials. In this study, peeler cores, which are the center of poplar logs remaining after the peeling process in the veneer production, were utilized to develop scrimber composites. This study investigated the effects of different resins, including phenol-formaldehyde (PF) and urea formaldehyde (UF), as well as hydrothermal treatments at various temperatures (60 °C and 130 °C), on the physical and mechanical properties of the scrimber composites. Chemical changes in wood components and morphological changes in wood cell walls resulting from hydrothermal treatment were analyzed using Fourier transform infrared spectroscopy and scanning electron microscopy. To clarify how resin type and hydrothermal treatment affect structural performance, several physical and mechanical properties of scrimber composites, including thickness swelling, water absorption, internal bond strength, bending modulus of elasticity, and modulus of rupture, were measured. The test results revealed that hydrothermally treated wood scrims at 130 °C, when bonded with PF resin, produced scrimber composites with superior structural performance.