XML 30 R20.htm IDEA: XBRL DOCUMENT
v3.20.2

Defined Benefit Plans | 9 Months Ended
--- | ---
Sep. 30, 2020
Defined Benefit Plans And Other Postretirement Benefit Plans Disclosures [Abstract] |
Defined Benefit Plans |
(11) | Defined Benefit Plans
Mid Penn has an unfunded noncontributory defined benefit retirement plan for directors. The plan provides defined benefits based on years of service. Mid Penn also sponsors a defined benefit healthcare plan that provides post-retirement medical benefits and life insurance to qualifying full-time employees. These healthcare and life insurance plans are noncontributory and each plan uses a December 31 measurement date. As a result of the acquisition of Scottdale, Mid Penn has assumed a noncontributory defined benefit pension plan covering certain former employees of Scottdale. Mid Penn contributed $200,000 to the defined benefit pension plan during the three and nine months ended September 30, 2020. A December 31 measurement date for the plan is used. The components of net periodic benefit costs from these defined benefit plans are as follows:
| Three Months Ended September 30, |
(Dollars in thousands) | Pension Benefits |  |  | Other Benefits |
| 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
Service cost | $ | 32 |  |  | $ | 36 |  |  | $ | 1 |  |  | $ | - |
Interest cost |  | 53 |  |  |  | 65 |  |  |  | 3 |  |  |  | 5 |
Expected return on plan assets |  | (68 | ) |  |  | (63 | ) |  |  | — |  |  |  | — |
Accretion of prior service cost |  | — |  |  |  | — |  |  |  | (5 | ) |  |  | (5 | )
Amortization of net gain |  | — |  |  |  | (15 | ) |  |  | (1 | ) |  |  | (1 | )
Settlement loss (gain) |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Net periodic benefit expense (income) | $ | 17 |  |  | $ | 23 |  |  | $ | (2 | ) |  | $ | (1 | )
| Nine Months Ended September 30, |
(Dollars in thousands) | Pension Benefits |  |  | Other Benefits |
| 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
Service cost | $ | 96 |  |  | $ | 107 |  |  | $ | 2 |  |  | $ | 2 |
Interest cost |  | 158 |  |  |  | 194 |  |  |  | 9 |  |  |  | 13 |
Expected return on plan assets |  | (205 | ) |  |  | (190 | ) |  |  | — |  |  |  | — |
Accretion of prior service cost |  | — |  |  |  | — |  |  |  | (15 | ) |  |  | (15 | )
Amortization of net gain |  | — |  |  |  | (44 | ) |  |  | (1 | ) |  |  | (3 | )
Settlement loss (gain) |  | 22 |  |  |  | (37 | ) |  |  | — |  |  |  | — |
Net periodic benefit expense (income) | $ | 71 |  |  | $ | 30 |  |  | $ | (5 | ) |  | $ | (3 | )
Service costs are reported as a component of salaries and employee benefits on the Consolidated Statements of Income, while interest costs, expected return on plan assets, amortization (accretion) of prior service cost, and amortization of (gain) loss are reported as a component of other income.

X
- References No definition available. + Details
Name: | us-gaap_DefinedBenefitPlansAndOtherPostretirementBenefitPlansDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for retirement benefits. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 55 -Paragraph 17 -URI http://asc.fasb.org/extlink&oid=118257860&loc=d3e4179-114921 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section S99 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=21916913&loc=d3e273930-122802 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (d)(i) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (o) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (p) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 70 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=49170846&loc=d3e28014-114942 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -URI http://asc.fasb.org/topic&trid=2235017 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 60 -Section 50 -Paragraph 3 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=6414203&loc=d3e39689-114964 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (d)(iv)(03) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (q) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (r)(1) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (d)(iii) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (l) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (r)(2) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920 + Details
Name: | us-gaap_PensionAndOtherPostretirementBenefitsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration