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Short-term Borrowings (Tables) | 12 Months Ended
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Dec. 31, 2020
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, 2020 and 2019. 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, |
|  | 2020 |  |  | 2019 |
Federal funds purchased: |  |  |  |  |  |  |  |
Balance at year end |  | $ | — |  |  | $ | — |
Weighted average rate at year end |  |  | — |  |  |  | — |
Maximum month-end balance |  | $ | — |  |  | $ | 37,573 |
Average daily balance during the year |  | $ | — |  |  | $ | 3,739 |
Weighted average rate during the year |  |  | — |  |  |  | 2.97 | %
FHLB short-term borrowings: |  |  |  |  |  |  |  |
Balance at year end |  | $ | — |  |  | $ | — |
Weighted average rate at year end |  |  | — |  |  |  | — |
Maximum month-end balance |  | $ | — |  |  | $ | 54,667 |
Average daily balance during the year |  | $ | — |  |  | $ | 12,819 |
Weighted average rate during the year |  |  | — |  |  |  | 2.80 | %
FRB PPPLF borrowings: |  |  |  |  |  |  |  |
Balance at year end |  | $ | 125,617 |  |  | $ | — |
Weighted average rate at year end |  |  | 0.35 | % |  |  | — |
Maximum month-end balance |  | $ | 203,937 |  |  | $ | — |
Average daily balance during the year |  | $ | 106,233 |  |  | $ | — |
Weighted average rate during the year |  |  | 0.35 | % |  |  | — |

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- Definition Tabular disclosure of short-term debt arrangements (having initial terms of repayment within one year or the normal operating cycle, if longer) including: (1) description of the short-term debt arrangement; (2) identification of the lender or type of lender; (3) repayment terms; (4) weighted average interest rate; (5) carrying amount of funds borrowed under the specified short-term debt arrangement as of the balance sheet date; (6) description of the refinancing of a short-term obligation when that obligation is excluded from current liabilities in the balance sheet; and (7) amount of a short-term obligation that has been excluded from current liabilities in the balance sheet because of a refinancing of the obligation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
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- References No definition available. + Details
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