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Shareholders' Equity
 12 Months Ended
Dec. 31, 2022
Common Stock, Number of Shares, Par Value and Other Disclosure [Abstract]  
Stockholders' Equity Shareholders' Equity
Accumulated Other Comprehensive Loss (Income)
The components of accumulated other comprehensive loss (income), net of taxes, are as follows:
(In thousands)
Unrealized Loss on
Securities		Defined Benefit
Plans		Total
Balance at December 31, 2019$(128)$471 $343 
OCI before reclassifications494 (503)(9)
Amounts reclassified from AOCI(369)(22)(391)
Balance - December 31, 2020(3)(54)(57)
OCI before reclassifications(190)511 321 
Amounts reclassified from AOCI(62)(44)(106)
Balance - December 31, 2021(255)413 158 
OCI before reclassifications(19,072)(294)(19,366)
Amounts reclassified from AOCI— (8)(8)
Balance - December 31, 2022$(19,327)$111 $(19,216)

Treasury Stock Repurchase Program
Mid Penn adopted a treasury stock repurchase program ("Repurchase Program") and it was extended through March 19, 2023 by Mid Penn’s Board of Directors on March 23, 2022. The Repurchase Program authorized the repurchase of up to $15.0 million of Mid Penn’s outstanding common stock, which represented approximately 3.5% of the issued shares based
on Mid Penn’s closing stock price and shares issued as of March 31, 2022. Under the Repurchase Program, Mid Penn may conduct repurchases of its common stock through open market transactions (which may be by means of a trading plan adopted under SEC Rule 10b5-1) or in privately negotiated transactions. Repurchases under the Repurchase Program are made at the discretion of management and are subject to market conditions and other factors. There is no guarantee as to the exact number of shares that Mid Penn may repurchase.
The Repurchase Program may be modified, suspended or terminated at any time, in Mid Penn’s discretion, based upon a number of factors, including liquidity, market conditions, the availability of alternative investment opportunities and other factors Mid Penn deems appropriate. The Repurchase Program does not obligate Mid Penn to repurchase any shares.
Mid Penn repurchased 109,891 shares during 2022 at an average price per share of $26.91 under its share repurchase program. As of December 31, 2022, Mid Penn had repurchased 208,343 shares of common stock at an average price of $23.42 per share under the Repurchase Program. The Repurchase Program had $10.1 million remaining available for repurchase as of December 31, 2022.
Dividend Reinvestment Plan
Under Mid Penn’s amended and restated dividend reinvestment plan ("DRIP"), 300,000 shares of Mid Penn’s authorized but unissued common stock are reserved for issuance. The DRIP also allows for voluntary cash payments, within specified limits, to be used for the purchase of additional shares.