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Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2021

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Schedule of Notional Amount and Fair Value of Mortgage Banking Derivative Financial Instruments

The notional amount and fair value of Mid Penn’s mortgage banking derivative financial instruments as of September 30, 2021 and December 31, 2020 are presented below.

		September 30, 2021								December 31, 2020
(Dollars in thousands)		Notional Amount				Fair Value				Notional Amount				Fair Value
Interest Rate Lock Commitments		$	19,651			$	134			$	—			$	—
Forward Commitments			30,282				219				—				—

Schedule of Mortgage Banking Derivative Financial Instruments Fair Values, and Location in the Consolidated Balance Sheets

The following table presents Mid Penn’s mortgage banking derivative financial instruments, their fair values, and their location in the Consolidated Balance Sheets as of September 30, 2021 and December 31, 2020.

		September 30, 2021								December 31, 2020
(Dollars in thousands)		Asset Derivatives				Liability Derivatives				Asset Derivatives				Liability Derivatives
Interest Rate Lock Commitments		$	134			$	—			$	—			$	—
Forward Commitments			219				—				—				—
Total		$	353			$	—			$	—			$	—

Schedule of Mortgage Banking Derivative Financial Instruments Net, Gains or Losses Recognized Within Other Noninterest Income

The following table presents Mid Penn’s mortgage banking derivative financial instruments and the amount of the net gains or losses recognized within other noninterest income on the Consolidated Statements of Income for the three and nine months ended September 30, 2021 and 2020.

		Three months ended								Nine months ended
(Dollars in thousands)		September 30, 2021				September 30, 2020				September 30, 2021				September 30, 2020
Interest Rate Lock Commitments		$	134			$	—			$	134			$	—
Forward Commitments			(113	)			—				(113	)			—
Total		$	21			$	—			$	21			$	—

Notional Amount, and Collateral Posted Related to Loan-level Interest Rate Swaps

The fair value, notional amount, and collateral posted related to loan-level interest rate swaps are presented below.

(Dollars in thousands)		September 30, 2021				December 31, 2020
Interest Rate Swap Contracts - Commercial Loans:
Fair Value (a)		$	56			$	489
Notional Amount			78,564				22,331
Cash Collateral Posted (b)			1,600				500

(a) Represents the total of the equal and offsetting fair value assets and liabilities related to the loan level interest rate swaps

(b) Included in cash and due from banks on the Consolidated Balance Sheet

Schedule of Gross Amounts of Commercial Loan Swap Derivatives, Amounts Offset and Carrying Values

The gross amounts of commercial loan swap derivatives, the amounts offset and the carrying values in the Consolidated Balance Sheets, and the collateral pledged to support such agreements are presented below.

(Dollars in thousands)		September 30, 2021				December 31, 2020
Interest Rate Swap Contracts - Commercial Loans:
Gross amounts recognized		$	56			$	489
Gross amounts offset			56				489
Net Amounts Presented in the Consolidated Balance Sheets			—				—
Gross amounts not offset:
Financial instruments			—				—
Cash collateral			1,600				500
Net Amounts		$	1,600			$	500

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