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Fair Value Measurements (Tables)
 9 Months Ended
Sep. 30, 2024
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis
The following tables illustrate the assets and liabilities measured at fair value on a recurring basis and reported on the Consolidated Balance Sheets.
September 30, 2024
(In thousands)Level 1Level 2Level 3Total
Available-for-sale securities:
U.S. Treasury and U.S. government agencies$— $27,236 $— $27,236 
Mortgage-backed U.S. government agencies— 192,162 — 192,162 
State and political subdivision obligations— 3,761 — 3,761 
Corporate debt securities— 32,068 — 32,068 
Equity securities446 — — 446 
Loans held for sale— 7,919 — 7,919 
Other assets:
Derivative assets— 8,987 — 8,987 
Other liabilities:
Derivative liabilities— 8,778 8,778 
December 31, 2023
(In thousands)Level 1Level 2Level 3Total
Available-for-sale securities:
U.S. Treasury and U.S. government agencies$— $35,649 $— $35,649 
Mortgage-backed U.S. government agencies— 152,683 — 152,683 
State and political subdivision obligations— 3,646 — 3,646 
Corporate debt securities— 31,577 — 31,577 
Equity securities438 — — 438 
Loans held for sale— 3,855 — 3,855 
Other assets:
Derivative assets— 11,944 — 11,944 
Other liabilities:
Derivative Liabilities— 10,484 — 10,484 
Schedule of Fair Value Measurements, Nonrecurring The following table illustrates Level 3 financial instruments measured at fair value on a nonrecurring basis:
(In thousands)September 30, 2024December 31, 2023
Individually evaluated loans, net of ACL$16,923 $13,399 
Foreclosed assets held for sale281 293 
Schedule of Fair Value, by Balance Sheet Grouping
The following tables summarize the carrying amount, fair value, and placement in the fair value hierarchy of Mid Penn's financial instruments as of the periods presented:
September 30, 2024
Carrying
Amount		Estimated Fair Value
(In thousands)Level 1Level 2Level 3Total
Financial instruments - assets
 Cash and cash equivalents $144,395 $144,395 $— $— $144,395 
 Available-for-sale securities255,227 — 255,227 — 255,227 
Held-to-maturity securities386,618 — 354,365 — 354,365 
 Equity securities446 446 — — 446 
 Loans held for sale7,919 — 7,919 — 7,919 
Net loans 4,396,142 — — 4,426,090 4,426,090 
  Restricted investment in bank stocks10,589 10,589 — — 10,589 
  Accrued interest receivable27,286 27,286 — — 27,286 
  Derivative assets 8,987 — 8,987 — 8,987 
Financial instruments - liabilities
Deposits$4,706,764 $— $4,710,933 $— $4,710,933 
Short-term borrowings114,097 — 114,097 — 114,097 
Long-term debt (1)
20,617 — 20,617 — 20,617 
Subordinated debt45,894 — — — — 
 Accrued interest payable18,995 18,995 — — 18,995 
 Derivative liabilities8,778 — 8,778 — 8,778 
(1)Long-term debt excludes finance lease obligations.
December 31, 2023
Estimated Fair Value
(In thousands)Carrying
Amount		Level 1Level 2Level 3Total
Financial instruments - assets
Cash and cash equivalents$96,763 $96,763 $— $— $96,763 
Available-for-sale securities223,555 — 223,555 — 223,555 
 Held-to-maturity securities399,128 — 357,521 — 357,521 
   Equity securities438 438 — — 438 
 Loans held for sale3,855 — 3,855 — 3,855 
Net loans 4,218,605 — — 4,221,926 4,221,926 
 Restricted investment in bank stocks16,768 16,768 — — 16,768 
 Accrued interest receivable25,820 25,820 — — 25,820 
 Derivative assets11,944 — 11,944 — 11,944 
Financial instruments - liabilities
Deposits$4,346,212 $— $4,337,723 $— $4,337,723 
Short-term debt241,532 — 241,532 — 241,532 
Long-term debt (1)
55,806 — 55,081 — 55,081 
Subordinated debt46,354 — 39,515 — 39,515 
 Accrued interest payable14,257 14,257 — — 14,257 
 Derivative liabilities10,484 — 10,484 — 10,484 
(1)Long-term debt excludes finance lease obligations.