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Deposits

12 Months Ended

Dec. 31, 2022

Deposits [Abstract]

Deposits

Deposits

Deposits consisted of the following as of December 31:

(Dollars in thousands)			2022						2021
Noninterest-bearing demand deposits			$	793,939					$	850,438
Interest-bearing demand deposits			1,024,351						1,066,852
Money market			962,265						1,076,593
Savings			339,231						381,476
Total demand and savings			3,119,786						3,375,359
Time			658,545						626,657
Total deposits			$	3,778,331					$	4,002,016
Overdrafts			$	401					$	197

The scheduled maturities of time deposits at December 31, 2022 were as follows:

			Time Deposits
(In thousands)			Less than $250,000						$250,000 or more
Maturing in 2023			$	345,106					$	93,287
Maturing in 2024			112,255						18,019
Maturing in 2025			50,641						6,930
Maturing in 2026			16,472						1,499
Maturing in 2027			9,429						569
Maturing thereafter			4,338						—
			$	538,241					$	120,304

Mid Penn had $100.0 million in brokered certificates of deposits as of December 31, 2022 and none as of December 31, 2021. As of December 31, 2022 and 2021, Mid Penn had $29.6 million and $14.4 million of CDAR deposits, respectively.

Deposits and other funds from related parties held by Mid Penn at December 31, 2022 and 2021 amounted to $56.8 million and $65.3 million, respectively.

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- Definition

The entire disclosure for deposit liabilities including data and tables. It may include a description of the entity's deposit liabilities, the aggregate amount of time deposits (including certificates of deposit) in denominations of $100,000 or more at the balance sheet date; the aggregate amount of any demand deposits that have been reclassified as loan balances, such as overdrafts, at the balance sheet date; deposits that are received on terms other than those in the normal course of business, the amount of accrued interest on deposit liabilities; securities, mortgage loans or other financial instruments that serve as collateral for deposits; for time deposits having a remaining term of more than one year, the aggregate amount of maturities for each of the five years following the balance sheet date; and the weighted average interest rate for all deposit liabilities held by the entity.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 405
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=116652737&loc=d3e64164-112818

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03.12)
-URI https://asc.fasb.org/extlink&oid=126897435&loc=d3e534808-122878

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher SEC
-Name Regulation S-K (SK)
-Number 229
-Section 1406
-Paragraph (e)

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher SEC
-Name Regulation S-K (SK)
-Number 229
-Section 1406

+ Details

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- References

No definition available.

+ Details

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