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Deposits

12 Months Ended

Dec. 31, 2024

Deposits [Abstract]

Deposits

Deposits

Deposits consisted of the following as of December 31:

(Dollars in thousands)			2024						2023
Noninterest-bearing demand deposits			$	759,169					$	801,312
Interest-bearing demand deposits			1,101,444						947,372
Money market			958,051						850,674
Savings			260,258						288,404
Total demand and savings			3,078,922						2,887,762
Time			1,611,005						1,458,450
Total deposits			$	4,689,927					$	4,346,212

The scheduled maturities of time deposits at December 31, 2024 were as follows:

			Time Deposits
(In thousands)			Less than $250,000						$250,000 or more
Maturing in 2025			$	1,089,099					$	356,781
Maturing in 2026			104,814						15,638
Maturing in 2027			24,083						1,222
Maturing in 2028			10,503						264
Maturing in 2029			4,790						250
Maturing thereafter			3,007						554
			$	1,236,296					$	374,709

Mid Penn had $319.8 million in brokered certificates of deposits as of December 31, 2024 and $244.8 million as of December 31, 2023. As of December 31, 2024 and 2023, Mid Penn had $83.7 million and $96.7 million of CDAR (Certificate of Deposit Account Registry) deposits, respectively.

Deposits and other funds from related parties held by Mid Penn at December 31, 2024 and 2023 amounted to $31.8 million and $48.3 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
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 405
-Topic 942
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478353/942-405-50-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(12))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1

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

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

+ Details

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- References

No definition available.

+ Details

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