XML 54 R41.htm IDEA: XBRL DOCUMENT
v3.22.0.1

Leases (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2021
Leases [Abstract] |
Summary of Operating and Finance Lease Right-of-Use Assets and Related Lease Liabilities | Below is a summary of the operating and finance lease right-of-use assets and related lease liabilities, as well as the weighted average lease term (in years) and weighted average discount rate for each of the lease classifications as of December 31, 2021 and December 31, 2020.
(Dollars in thousands) |  | December 31, 2021 |  |  | December 31, 2020 |
|  | Operating Leases |  |  | Finance Lease |  |  | Operating Leases |  |  | Finance Lease |
Right of use asset |  | $ | 9,055 |  |  | $ | 3,087 |  |  | $ | 10,157 |  |  | $ | 3,267 |
Lease liability |  | $ | 11,363 |  |  | $ | 3,380 |  |  | $ | 11,200 |  |  | $ | 3,467 |
Weighted average remaining lease term (in years) |  |  | 7.03 |  |  |  | 17.17 |  |  |  | 8.05 |  |  |  | 18.17 |
Weighted average discount rate |  |  | 3.12 | % |  |  | 3.81 | % |  |  | 3.30 | % |  |  | 3.81 | %
Summary of Lease Costs | A summary of lease costs during the years ended December 31, 2021 and December 31, 2020 is presented below. Interest expense on finance lease liabilities is included in other interest expense, while all other lease costs are included in occupancy expense on Mid Penn’s Consolidated Statements of Income.
(Dollars in thousands) |  | Year Ended |
|  | December 31, 2021 |  |  | December 31, 2020 |  |  | December 31, 2019 |
Finance lease cost: |  |  |  |  |  |  |  |  |  |  |  |
Amortization of right-of-use asset |  | $ | 180 |  |  | $ | 180 |  |  | $ | 150 |
Interest expense on lease liability |  |  | 130 |  |  |  | 133 |  |  |  | 113 |
Total finance lease cost |  |  | 310 |  |  |  | 313 |  |  |  | 263 |
Operating lease cost |  |  | 2,002 |  |  |  | 2,061 |  |  |  | 2,077 |
Short-term and equipment lease costs |  |  | 29 |  |  |  | 40 |  |  |  | 55 |
Variable lease cost |  |  | — |  |  |  | — |  |  |  | — |
Sublease income |  |  | (27 | ) |  |  | (21 | ) |  |  | (24 | )
Total lease costs |  | $ | 2,314 |  |  | $ | 2,393 |  |  | $ | 2,371 |
Summary of Cash Paid for Amounts Included in Measurement of Lease Liabilities | A summary of cash paid for amounts included in the measurement of lease liabilities is presented below.
(Dollars in thousands) |  | Year Ended |
|  | December 31, 2021 |  |  | December 31, 2020 |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |  |  |
Operating cash flows from finance leases |  | $ | 130 |  |  | $ | 133 |
Operating cash flows from operating leases |  |  | 2,113 |  |  |  | 2,105 |
Financing cash flows from finance leases |  |  | 87 |  |  |  | 83 |
Summary of Maturity Analysis of Operating and Finance Lease Liabilities and Reconciliation of Undiscounted Cash Flows | A maturity analysis of operating and finance lease liabilities and a reconciliation of the undiscounted cash flows to the total operating and finance lease liability amounts is presented below.
(Dollars in thousands) |  | December 31, 2021 |
|  | Operating Leases |  |  | Finance Lease |
Lease payments due: |  |  |  |  |  |  |  |
Within one year |  | $ | 2,426 |  |  | $ | 217 |
After one but within two years |  |  | 2,042 |  |  |  | 217 |
After two but within three years |  |  | 1,863 |  |  |  | 252 |
After three but within four years |  |  | 1,476 |  |  |  | 259 |
After four but within five years |  |  | 1,249 |  |  |  | 259 |
After five years |  |  | 3,626 |  |  |  | 3,473 |
Total undiscounted cash flows |  |  | 12,682 |  |  |  | 4,677 |
Discount on cash flows |  |  | (1,319 | ) |  |  | (1,297 | )
Total lease liability |  | $ | 11,363 |  |  | $ | 3,380 |
Schedule of Future Minimum Rental Payments of Operating and Finance Leases | The following summary reflects the future minimum rental payments by year under Mid Penn’s operating and finance leases as of December 31, 2021, including a breakdown of the sublease rental income and future minimum payments owed to related parties.
|  | As of December 31, 2021 |
(Dollars in thousands) |  | Lease Obligation |  |  | Sublease Rental Income |  |  | Net Rental Expense |
2022 |  | $ | 2,901 |  |  | $ | 27 |  |  | $ | 2,874 |
2023 |  |  | 2,446 |  |  |  | — |  |  |  | 2,446 |
2024 |  |  | 2,156 |  |  |  | — |  |  |  | 2,156 |
2025 |  |  | 1,739 |  |  |  | — |  |  |  | 1,739 |
2026 |  |  | 1,508 |  |  |  | — |  |  |  | 1,508 |
thereafter |  |  | 7,099 |  |  |  | — |  |  |  | 7,099 |
|  | $ | 17,849 |  |  | $ | 27 |  |  | $ | 17,822 |
Schedule of Future Minimum Rental Payments of Operating Leases | The following summary reflects the future minimum rental payments by year under Mid Penn’s operating leases as of December 31, 2020, including a breakdown of the sublease rental income and future minimum payments owed to related parties.
|  | As of December 31, 2020 |
(Dollars in thousands) |  | Lease Obligation |  |  | Sublease Rental Income |  |  | Net Rental Expense |
2021 |  | $ | 2,445 |  |  | $ | 21 |  |  | $ | 2,424 |
2022 |  |  | 2,426 |  |  |  | — |  |  |  | 2,426 |
2023 |  |  | 2,179 |  |  |  | — |  |  |  | 2,179 |
2024 |  |  | 2,013 |  |  |  | — |  |  |  | 2,013 |
2025 |  |  | 1,632 |  |  |  | — |  |  |  | 1,632 |
thereafter |  |  | 8,543 |  |  |  | — |  |  |  | 8,543 |
|  | $ | 19,238 |  |  | $ | 21 |  |  | $ | 19,217 |

X
- Definition Cash paid for measurement of lease liability. + References No definition available. + Details
Name: | mpb_CashPaidForMeasurementOfLeaseLiabilityTableTextBlock
Namespace Prefix: | mpb_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Operating and finance lease. + References No definition available. + Details
Name: | mpb_OperatingAndFinanceLeaseTableTextBlock
Namespace Prefix: | mpb_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of future minimum rental payments for operating and finance leases. + References No definition available. + Details
Name: | mpb_ScheduleOfFutureMinimumRentalPaymentsForOperatingAndFinanceLeasesTableTextBlock
Namespace Prefix: | mpb_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Summary of maturity analysis of operating and finance lease liabilities and reconciliation of undiscounted cash flows. + References No definition available. + Details
Name: | mpb_SummaryOfMaturityAnalysisOfOperatingAndFinanceLeaseLiabilitiesAndReconciliationOfUndiscountedCashFlowsTableTextBlock
Namespace Prefix: | mpb_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918686-209980 + Details
Name: | us-gaap_LeaseCostTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918701-209980 + Details
Name: | us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration