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Derivative Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2022

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 June 30, 2022 and December 31, 2021 are presented below.

		June 30, 2022								December 31, 2021
(Dollars in thousands)		Notional Amount				Fair Value				Notional Amount				Fair Value
Interest Rate Lock Commitments		$	9,742			$	83			$	16,107			$	56
Forward Commitments			16,193				(124	)			20,521				32

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 June 30, 2022 and December 31, 2021.

		June 30, 2022								December 31, 2021
(Dollars in thousands)		Asset Derivatives				Liability Derivatives				Asset Derivatives				Liability Derivatives
Interest Rate Lock Commitments		$	83			$	—			$	56			$	—
Forward Commitments			—				124				32				—
Total		$	83			$	124			$	88			$	—

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 statement of income for the three and six months ended June 30, 2022 and 2021.

		Three months ended								Six months ended
(Dollars in thousands)		June 30, 2022				June 30, 2021				June 30, 2022				June 30, 2021
Interest Rate Lock Commitments		$	214			$	—			$	27			$	—
Forward Commitments			324				—				1,077				—
Total		$	538			$	—			$	1,104			$	—

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)		June 30, 2022				December 31, 2021
Interest Rate Swap Contracts - Commercial Loans:
Fair Value (a)		$	8,487			$	102
Notional Amount			112,389				109,577
Cash Collateral Posted (b)			1,600				1,600

(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)		June 30, 2022				December 31, 2021
Interest Rate Swap Contracts - Commercial Loans:
Gross amounts recognized		$	8,487			$	102
Gross amounts offset			8,487				102
Net Amounts Presented in the Consolidated Balance Sheets			—				—
Gross amounts not offset:
Financial instruments			—				—
Cash collateral			1,600				1,600
Net Amounts		$	1,600			$	1,600

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