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Investment Securities (Tables) | 6 Months Ended
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Jun. 30, 2021
Securities Financing Transactions Disclosures [Abstract] |
Unrealized Gain (Loss) on Investments | The amortized cost, fair value, and unrealized gains and losses on investment securities at June 30, 2021 and December 31, 2020 are as follows:
(Dollars in thousands) |  | Amortized |  |  | Unrealized |  |  | Unrealized |  |  | Fair |
|  | Cost |  |  | Gains |  |  | Losses |  |  | Value |
June 30, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Available-for-sale debt securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage-backed U.S. government agencies |  | $ | 2 |  |  | $ | — |  |  | $ | — |  |  | $ | 2 |
Corporate debt securities |  |  | 8,136 |  |  |  | 24 |  |  |  | — |  |  |  | 8,160 |
Total available-for-sale debt securities |  |  | 8,138 |  |  |  | 24 |  |  |  | — |  |  |  | 8,162 |
Held-to-maturity debt securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury and U.S. government agencies |  | $ | 42,166 |  |  | $ | 59 |  |  | $ | 150 |  |  | $ | 42,075 |
Mortgage-backed U.S. government agencies |  |  | 31,210 |  |  |  | 775 |  |  |  | 1 |  |  |  | 31,984 |
State and political subdivision obligations |  |  | 67,142 |  |  |  | 2,774 |  |  |  | 21 |  |  |  | 69,895 |
Corporate debt securities |  |  | 12,514 |  |  |  | 180 |  |  |  | 69 |  |  |  | 12,625 |
Total held-to-maturity debt securities |  |  | 153,032 |  |  |  | 3,788 |  |  |  | 241 |  |  |  | 156,579 |
Total |  | $ | 161,170 |  |  | $ | 3,812 |  |  | $ | 241 |  |  | $ | 164,741 |
(Dollars in thousands) |  | Amortized |  |  | Unrealized |  |  | Unrealized |  |  | Fair |
|  | Cost |  |  | Gains |  |  | Losses |  |  | Value |
December 31, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Available-for-sale debt securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage-backed U.S. government agencies |  | $ | 2 |  |  | $ | — |  |  | $ | — |  |  | $ | 2 |
Corporate debt securities |  |  | 5,750 |  |  |  | — |  |  |  | 4 |  |  |  | 5,746 |
Total available-for-sale debt securities |  |  | 5,752 |  |  |  | — |  |  |  | 4 |  |  |  | 5,748 |
Held-to-maturity debt securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury and U.S. government agencies |  | $ | 11,511 |  |  | $ | 66 |  |  | $ | — |  |  | $ | 11,577 |
Mortgage-backed U.S. government agencies |  |  | 40,810 |  |  |  | 948 |  |  |  | 15 |  |  |  | 41,743 |
State and political subdivision obligations |  |  | 65,449 |  |  |  | 3,295 |  |  |  | 6 |  |  |  | 68,738 |
Corporate debt securities |  |  | 10,522 |  |  |  | 215 |  |  |  | 1 |  |  |  | 10,736 |
Total held-to-maturity debt securities |  |  | 128,292 |  |  |  | 4,524 |  |  |  | 22 |  |  |  | 132,794 |
Total |  | $ | 134,044 |  |  | $ | 4,524 |  |  | $ | 26 |  |  | $ | 138,542 |
Schedule of Fair Value and Unrealized Loss on Debt Security Investments in a Continuous Unrealized Loss Position | The following tables present gross unrealized losses and fair value of debt security investments aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at June 30, 2021 and December 31, 2020. As of June 30, 2021, Mid Penn held no available-for-sale securities in an unrealized loss position.
(Dollars in thousands) |  | Less Than 12 Months |  |  | 12 Months or More |  |  | Total |
|  | Number |  |  |  |  |  |  |  |  |  | Number |  |  |  |  |  |  |  |  |  | Number |  |  |  |  |  |  |  |
|  | of |  | Fair |  |  | Unrealized |  |  | of |  | Fair |  |  | Unrealized |  |  | of |  | Fair |  |  | Unrealized |
June 30, 2021 |  | Securities |  | Value |  |  | Losses |  |  | Securities |  | Value |  |  | Losses |  |  | Securities |  | Value |  |  | Losses |
Held-to-maturity debt securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury and U.S. government agencies |  | 7 |  | $ | 9,595 |  |  | $ | 150 |  |  | 0 |  | $ | — |  |  | $ | — |  |  | 7 |  | $ | 9,595 |  |  | $ | 150 |
Mortgage-backed U.S. government agencies |  | 2 |  |  | 735 |  |  |  | 1 |  |  | 0 |  |  | — |  |  |  | — |  |  | 2 |  |  | 735 |  |  |  | 1 |
State and political subdivision obligations |  | 10 |  |  | 2,426 |  |  |  | 21 |  |  | 0 |  |  | — |  |  |  | — |  |  | 10 |  |  | 2,426 |  |  |  | 21 |
Corporate debt securities |  | 6 |  |  | 6,930 |  |  |  | 69 |  |  | 0 |  |  | — |  |  |  | — |  |  | 6 |  |  | 6,930 |  |  |  | 69 |
Total temporarily impaired held-to-maturity debt securities |  | 25 |  | $ | 19,686 |  |  | $ | 241 |  |  | 0 |  | $ | — |  |  | $ | — |  |  | 25 |  | $ | 19,686 |  |  | $ | 241 |
Total |  | 25 |  | $ | 19,686 |  |  | $ | 241 |  |  | 0 |  | $ | — |  |  | $ | — |  |  | 25 |  | $ | 19,686 |  |  | $ | 241 |
(Dollars in thousands) |  | Less Than 12 Months |  |  | 12 Months or More |  |  | Total |
|  | Number |  |  |  |  |  |  |  |  |  | Number |  |  |  |  |  |  |  |  |  | Number |  |  |  |  |  |  |  |
|  | of |  | Fair |  |  | Unrealized |  |  | of |  | Fair |  | Unrealized |  |  | of |  | Fair |  |  | Unrealized |
December 31, 2020 |  | Securities |  | Value |  |  | Losses |  |  | Securities |  | Value |  | Losses |  |  | Securities |  | Value |  |  | Losses |
Available-for-sale securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate debt securities |  | 2 |  | $ | 3,497 |  |  | $ | 4 |  |  | 0 |  | $ | — |  |  | $ | — |  |  | 2 |  | $ | 3,497 |  |  | $ | 4 |
Total temporarily impaired available-for-sale securities |  | 2 |  | $ | 3,497 |  |  | $ | 4 |  |  | 0 |  | $ | — |  |  | $ | — |  |  | 2 |  | $ | 3,497 |  |  | $ | 4 |
Held-to-maturity securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage-backed U.S. government agencies |  | 8 |  | $ | 5,336 |  |  | $ | 15 |  |  | 0 |  | $ | — |  |  | $ | — |  |  | 8 |  | $ | 5,336 |  |  | $ | 15 |
State and political subdivision obligations |  | 2 |  |  | 801 |  |  |  | 6 |  |  | 0 |  |  | — |  |  |  | — |  |  | 2 |  |  | 801 |  |  |  | 6 |
Corporate debt securities |  | 1 |  |  | 449 |  |  |  | 1 |  |  | 0 |  |  | — |  |  |  | — |  |  | 1 |  |  | 449 |  |  |  | 1 |
Total temporarily impaired held to maturity securities |  | 11 |  | $ | 6,586 |  |  | $ | 22 |  |  | 0 |  | $ | — |  |  | $ | — |  |  | 11 |  | $ | 6,586 |  |  | $ | 22 |
Total |  | 13 |  | $ | 10,083 |  |  | $ | 26 |  |  | 0 |  | $ | — |  |  | $ | — |  |  | 13 |  | $ | 10,083 |  |  | $ | 26 |
Schedule of Gross Realized Gains (Losses) on Sales of Available-For-Sale Debt Securities | Gross realized gains and losses on sales of available-for-sale debt securities for the three and six months ended June 30, 2021 and 2020 are shown in the table below. No sales of available-for-sale securities were executed during the three and six months ended June 30, 2021.
(Dollars in thousands) | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
| 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
Realized gains |  | $ | — |  |  |  | $ | 118 |  |  |  | $ | — |  |  |  | $ | 255 |
Realized losses |  |  | — |  |  |  |  | (7 | ) |  |  |  | — |  |  |  |  | (12 | )
Net gains |  | $ | — |  |  |  | $ | 111 |  |  |  | $ | — |  |  |  | $ | 243 |
Investments Classified by Contractual Maturity Date | The table below illustrates the maturity distribution of investment securities at amortized cost and fair value as of June 30, 2021.
(Dollars in thousands) |  | Available-for-sale |  |  | Held-to-maturity |
|  | Amortized |  |  | Fair |  |  | Amortized |  |  | Fair |
June 30, 2021 |  | Cost |  |  | Value |  |  | Cost |  |  | Value |
Due in 1 year or less |  | $ | — |  |  | $ | — |  |  | $ | 3,888 |  |  | $ | 3,934 |
Due after 1 year but within 5 years |  |  | 3,250 |  |  |  | 3,252 |  |  |  | 38,391 |  |  |  | 40,096 |
Due after 5 years but within 10 years |  |  | 4,886 |  |  |  | 4,908 |  |  |  | 79,543 |  |  |  | 80,564 |
Due after 10 years |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
|  |  | 8,136 |  |  |  | 8,160 |  |  |  | 121,822 |  |  |  | 124,594 |
Mortgage-backed securities |  |  | 2 |  |  |  | 2 |  |  |  | 31,210 |  |  |  | 31,985 |
|  | $ | 8,138 |  |  | $ | 8,162 |  |  | $ | 153,032 |  |  | $ | 156,579 |

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