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Regulatory Matters | 12 Months Ended
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Dec. 31, 2024
Broker-Dealer, Net Capital Requirement, SEC Regulation [Abstract] |
Regulatory Matters | Regulatory Matters The Corporation and the Bank are subject to regulatory capital requirements administered by banking regulators. Failure to meet minimum capital requirements can trigger certain mandatory, and possibly additional discretionary, actions by the regulators that if, undertaken, could have a direct material effect on the Corporation's financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that involve quantitative measures of its assets, liabilities, and certain off-balance sheet items as calculated under regulatory account practices. The Bank's capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. As of December 31, 2024 and 2023, the Corporation and the Bank met all capital adequacy requirements and the Bank was considered "well-capitalized". However, future changes in regulations could increase capital requirements and may have an adverse effect on capital resources. Minimum regulatory capital requirements established by Basel III rules require the Corporation and the Bank to: •Meet a minimum Common Equity Tier I capital ratio of 4.5% of risk-weighted assets; •Meet a minimum Tier I capital ratio of 6.0% of risk-weighted assets; •Meet a minimum Total capital ratio of 8.0% of risk-weighted assets; •Meet a minimum Tier I leverage capital ratio of 4.0% of average assets; •Maintain a "capital conservation buffer" of 2.5% above the minimum risk-based capital requirements, which must be maintained to avoid restrictions on capital distributions and certain discretionary bonuses; and •Comply with the definition of capital to improve the ability of regulatory capital instruments to absorb losses. The Basel III Rules use a standardized approach for risk weightings. The rules provide that the failure to maintain the "capital conservation buffer" results in restrictions on capital distributions and discretionary cash bonus payments to executive officers. As a result, under the Basel III Rules, if the Bank fails to maintain the required minimum capital conservation buffer, the Corporation will be subject to limits, and possibly prohibitions, on its ability to obtain capital distributions from the Bank. If the Corporation does not receive sufficient cash dividends from the Bank, it may not have sufficient funds to pay dividends on its common stock, service its debt obligations or repurchase its common stock. Certain restrictions exist regarding the ability of the Bank to transfer funds to the Corporation in the form of cash dividends, loans, or advances. The amount of dividends that may be paid from the Bank to the Corporation in any calendar year is limited to the Bank’s current year’s net profits, combined with the retained net profits of the preceding two years. For the year ended December 31, 2024, $39.5 million of undistributed earnings of the Bank, included in the consolidated shareholders’ equity balance, was available for distribution to the Corporation as dividends without prior regulatory approval, subject to regulatory capital requirements below. The following tables present the regulatory capital levels, leverage ratios, and risk-based capital ratios as of December 31:
| Actual |  | Minimum for Basel III Capital Adequacy |  | To Be Well-Capitalized Under Prompt Corrective Action Provisions
(Dollars in thousands) | Amount |  | Ratio |  | Amount |  | Ratio |  | Amount |  | Ratio
Mid Penn Bancorp, Inc. |  |  |  |  |  |  |  |  |  |  |
2024 |  |  |  |  |  |  |  |  |  |  |
Tier 1 Capital (to Average Assets) | $ | 535,501 |  |  | 10.0 | % |  | $ | 214,621 |  |  | 4.0 | % |  | N/A |  | N/A
Common Equity Tier 1 Capital (to Risk Weighted Assets) | 535,501 |  |  | 11.9 |  |  | 313,979 |  |  | 7.0 |  |  | N/A |  | N/A
Tier 1 Capital (to Risk Weighted Assets) | 535,501 |  |  | 11.9 |  |  | 381,261 |  |  | 8.5 |  |  | N/A |  | N/A
Total Capital (to Risk Weighted Assets) | 618,971 |  |  | 13.8 |  |  | 470,969 |  |  | 10.5 |  |  | N/A |  | N/A
Mid Penn Bank |  |  |  |  |  |  |  |  |  |  |
2024 |  |  |  |  |  |  |  |  |  |  |
Tier 1 Capital (to Average Assets) | $ | 495,729 |  |  | 9.2 | % |  | $ | 214,461 |  |  | 4.0 | % |  | $ | 268,076 |  |  | 5.0 | %
Common Equity Tier 1 Capital (to Risk Weighted Assets) | 495,729 |  |  | 11.1 |  |  | 313,456 |  |  | 7.0 |  |  | 291,066 |  |  | 6.5 |
Tier 1 Capital (to Risk Weighted Assets) | 495,729 |  |  | 11.1 |  |  | 380,625 |  |  | 8.5 |  |  | 358,235 |  |  | 8.0 |
Total Capital (to Risk Weighted Assets) | 533,458 |  |  | 11.9 |  |  | 470,183 |  |  | 10.5 |  |  | 447,794 |  |  | 10.0 |
Mid Penn Bancorp, Inc. |  |  |  |  |  |  |  |  |  |  |
2023 |  |  |  |  |  |  |  |  |  |  |
Tier 1 Capital (to Average Assets) | $ | 427,353 |  |  | 8.3 | % |  | $ | 204,935 |  |  | 4.0 | % |  | N/A |  | N/A
Common Equity Tier 1 Capital (to Risk Weighted Assets) | 427,353 |  |  | 9.8 |  |  | 305,083 |  |  | 7.0 |  |  | N/A |  | N/A
Tier 1 Capital (to Risk Weighted Assets) | 427,353 |  |  | 9.8 |  |  | 370,458 |  |  | 8.5 |  |  | N/A |  | N/A
Total Capital (to Risk Weighted Assets) | 510,734 |  |  | 11.7 |  |  | 457,624 |  |  | 10.5 |  |  | N/A |  | N/A
Mid Penn Bank |  |  |  |  |  |  |  |  |  |  |
2023 |  |  |  |  |  |  |  |  |  |  |
Tier 1 Capital (to Average Assets) | $ | 458,077 |  |  | 8.9 | % |  | $ | 204,777 |  |  | 4.0 | % |  | $ | 255,971 |  |  | 5.0 | %
Common Equity Tier 1 Capital (to Risk Weighted Assets) | 458,077 |  |  | 10.5 |  |  | 304,788 |  |  | 7.0 |  |  | 283,018 |  |  | 6.5 |
Tier 1 Capital (to Risk Weighted Assets) | 458,077 |  |  | 10.5 |  |  | 370,100 |  |  | 8.5 |  |  | 348,330 |  |  | 8.0 |
Total Capital (to Risk Weighted Assets) | 495,104 |  |  | 11.4 |  |  | 457,182 |  |  | 10.5 |  |  | $ | 435,412 |  |  | 10.0 |

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- Definition The entire disclosure for regulatory capital requirement for depository and lending institutions. Institutions include, but not are not limited to, finance company, insured depository institution, bank holding company, savings and loan association holding company, bank and savings institution not federally insured, mortgage company, foreign financial institution and credit union. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477270/942-505-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477270/942-505-50-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477270/942-505-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477270/942-505-50-1 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477270/942-505-50-1 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 1D -Publisher FASB -URI https://asc.fasb.org/1943274/2147477270/942-505-50-1D Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 1A -Publisher FASB -URI https://asc.fasb.org/1943274/2147477270/942-505-50-1A Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 1F -Publisher FASB -URI https://asc.fasb.org/1943274/2147477270/942-505-50-1F + Details
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