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Long-term Debt
 12 Months Ended
Dec. 31, 2022
Maturities of Long-Term Debt [Abstract]  
Long-term Debt Long-term Debt
The following table presents a summary of long-term debt as of December 31:
(Dollars in thousands)December 31, 2022December 31, 2021
FHLB fixed rate instruments:
Due April 2022, 0.86343%
$— $70,000 
Due March 2023, 0.7514%
— 6,500 
Due August 2026, 4.80%
1,088 1,353 
Due February 2027, 6.71%
31 37 
Total FHLB fixed rate instruments1,119 77,890 
Lease obligations included in long-term debt3,290 3,380 
Total long-term debt$4,409 $81,270 
Mid Penn prepaid $6.5 million of FHLB fixed rate instruments during the year ended December 31, 2022 and made no prepayments of FHLB fixed rate instruments during the year ended December 31, 2021.
As a member of the FHLB, the Bank can access a number of credit products which are utilized to provide liquidity. As of December 31, 2022, and 2021, the Bank had long-term debt outstanding in the amount of $4.4 million and $81.3 million, respectively, consisting of FHLB fixed rate instruments, and a finance lease liability.
The FHLB fixed rate instruments are secured under the terms of a blanket collateral agreement with the FHLB consisting of FHLB stock and qualifying Mid Penn loan receivables, principally real estate secured loans. Mid Penn also obtains letters of credit from the FHLB to secure certain public fund deposits of municipality and school district customers who agree to use of the FHLB letters of credit. These FHLB letter of credit commitments totaled $189.0 million and $450.9 million as of December 31, 2022 and 2021.
During the first quarter of 2019, Mid Penn entered into a lease agreement for one facility under a non-cancelable finance lease, which commenced March 1, 2019 and expires February 28, 2039 and is included in long-term debt on the Consolidated Balance Sheets. See "Note 7 - Leases", for more information related to Mid Penn’s finance lease obligation.
Mid Penn made no prepayments of FHLB fixed rate instruments during the year ended December 31, 2022 or 2021.
The aggregate principal amounts due on FHLB fixed rate instruments subsequent to December 31, 2022 are as follows:
(In thousands)
2023$284 
2024299 
2025313 
2026221 
Thereafter2 
$1,119