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Short-term Borrowings (Tables)
 12 Months Ended
Dec. 31, 2018
Short Term Borrowings [Abstract]  
Summary of Various Sources of Short-Term Borrowed Funds

The following table outlines Mid Penn’s various sources of short-term borrowed funds at or for the years ended December 31, 2018 and 2017. The maximum balance represents the highest indebtedness for each category of short-term borrowed funds at any month-end during each of the years shown.

 

(Dollars in thousands)

December 31,

 

 

 

2018

 

 

2017

 

Federal funds purchased:

 

 

 

 

 

 

 

 

Balance at year end

 

$

—

 

 

$

34,511

 

Weighted average rate at year end

 

 

0

%

 

 

1.54

%

Maximum month-end balance

 

$

35,050

 

 

$

41,610

 

Average daily balance during the year

 

$

7,049

 

 

$

7,961

 

Weighted average rate during the year

 

 

2.24

%

 

 

1.39

%

FHLB short-term borrowings:

 

 

 

 

 

 

 

 

Balance at year end

 

$

43,100

 

 

$

—

 

Weighted average rate at year end

 

 

2.74

%

 

 

0.00

%

Maximum month-end balance

 

$

43,100

 

 

$

—

 

Average daily balance during the year

 

$

1,784

 

 

$

—

 

Weighted average rate during the year

 

 

2.74

%

 

 

0.00

%