XML 41 R31.htm IDEA: XBRL DOCUMENT
v3.25.3

Fair Value Measurements (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2025
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, 2025
(In thousands) |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Available-for-sale securities: |  |  |  |  |  |  |  |
U.S. Treasury and U.S. government agencies |  | $ | — |  |  | $ | 19,942 |  |  | $ | — |  |  | $ | 19,942 |
Mortgage-backed U.S. government agencies |  | — |  |  | 365,623 |  |  | — |  |  | 365,623 |
State and political subdivision obligations |  | — |  |  | 3,778 |  |  | — |  |  | 3,778 |
Corporate debt securities |  | — |  |  | 38,009 |  |  | — |  |  | 38,009 |
Equity securities |  | 442 |  |  | — |  |  | — |  |  | 442 |
Loans held for sale |  | — |  |  | 6,085 |  |  | — |  |  | 6,085 |
Other assets: |  |  |  |  |  |  |  |
Derivative assets |  | — |  |  | 9,491 |  |  | — |  |  | 9,491 |
Other liabilities: |  |  |  |  |  |  |  |
Derivative liabilities |  | — |  |  | 9,201 |  |  |  |  | 9,201 |
|  | December 31, 2024
(In thousands) |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Available-for-sale securities: |  |  |  |  |  |  |  |
U.S. Treasury and U.S. government agencies |  | $ | — |  |  | $ | 21,507 |  |  | $ | — |  |  | $ | 21,507 |
Mortgage-backed U.S. government agencies |  | — |  |  | 202,944 |  |  | — |  |  | 202,944 |
State and political subdivision obligations |  | — |  |  | 3,596 |  |  | — |  |  | 3,596 |
Corporate debt securities |  | — |  |  | 32,430 |  |  | — |  |  | 32,430 |
Equity securities |  | 428 |  |  | — |  |  | — |  |  | 428 |
Loans held for sale |  | — |  |  | 7,064 |  |  | — |  |  | 7,064 |
Other assets: |  |  |  |  |  |  |  |
Derivative assets |  | — |  |  | 13,708 |  |  | — |  |  | 13,708 |
Other liabilities: |  |  |  |  |  |  |  |
Derivative liabilities |  | — |  |  | 11,118 |  |  | — |  |  | 11,118 |
Schedule of Fair Value Measurements, Nonrecurring | The following table illustrates financial instruments measured at fair value on a nonrecurring basis:
|  | September 30, 2025
(In thousands) |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Individually evaluated loans, net of ACL |  | $ | — |  |  | $ | — |  |  | $ | 15,752 |  |  | $ | 15,752 |
Foreclosed assets held for sale |  | — |  |  | — |  |  | 9,346 |  |  | 9,346 |
|  | December 31, 2024
(In thousands) |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Individually evaluated loans, net of ACL |  | $ | — |  |  | $ | — |  |  | $ | 21,171 |  |  | $ | 21,171 |
Foreclosed assets held for sale |  | — |  |  | — |  |  | 44 |  |  | 44 |
The following table presents additional information about the valuation techniques for level 3 assets measured at fair value on a nonrecurring basis.
|  | September 30, 2025
(In thousands) |  | Fair Value |  | Valuation Technique |  | Significant Unobservable Input |  | Range of Inputs |  | Weighted Average
Individually evaluated loans, net of ACL |  | $ | 15,752 |  |  | Appraisal of collateral |  | Appraisal adjustments |  | 8% | - | 100% |  | 24.9%
Foreclosed assets held for sale |  | 9,346 |  |  | Appraisal of collateral |  | Appraisal adjustments |  | 22% | - | 31% |  | 23.9%
|  | December 31, 2024
(In thousands) |  | Fair Value |  | Valuation Technique |  | Significant Unobservable Input |  | Range of Inputs |  | Weighted Average
Individually evaluated loans, net of ACL |  | $ | 21,171 |  |  | Appraisal of collateral |  | Appraisal adjustments |  | —% | - | 100% |  | 5.6%
Foreclosed assets held for sale |  | 44 |  |  | Appraisal of collateral |  | Appraisal adjustments |  | 26% | - | 26% |  | 26.0%
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, 2025
|  | Carrying Amount |  | Estimated Fair Value
(In thousands) |  |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Financial instruments - assets |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 257,169 |  |  | $ | 257,169 |  |  | $ | — |  |  | $ | — |  |  | $ | 257,169 |
Available-for-sale securities |  | 427,352 |  |  | — |  |  | 427,352 |  |  | — |  |  | 427,352 |
Held-to-maturity securities |  | 354,094 |  |  | — |  |  | 325,606 |  |  | — |  |  | 325,606 |
Equity securities |  | 442 |  |  | 442 |  |  | — |  |  | — |  |  | 442 |
Loans held for sale |  | 6,085 |  |  | — |  |  | 6,085 |  |  | — |  |  | 6,085 |
Net loans |  | 4,783,797 |  |  | — |  |  | — |  |  | 4,820,035 |  |  | 4,820,035 |
Restricted investment in bank stocks |  | 6,737 |  |  |  |  | 6,737 |  |  | — |  |  | 6,737 |
Accrued interest receivable |  | 29,705 |  |  | 29,705 |  |  | — |  |  | — |  |  | 29,705 |
Derivative assets |  | 9,491 |  |  | — |  |  | 9,491 |  |  | — |  |  | 9,491 |
Financial instruments - liabilities |  |  |  |  |  |  |  |  |  |
Deposits |  | $ | 5,342,720 |  |  | $ | — |  |  | $ | 5,352,901 |  |  | $ | — |  |  | $ | 5,352,901 |
Short-term borrowings |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Long-term debt (1) |  | 20,304 |  |  | — |  |  | 20,343 |  |  | — |  |  | 20,343 |
Subordinated debt |  | 37,149 |  |  | — |  |  | 36,542 |  |  | — |  |  | 36,542 |
Accrued interest payable |  | 16,460 |  |  | 16,460 |  |  | — |  |  | — |  |  | 16,460 |
Derivative liabilities |  | 9,201 |  |  | — |  |  | 9,201 |  |  | — |  |  | 9,201 |
(1)Long-term debt excludes finance lease obligations.
|  | December 31, 2024
|  |  |  | Estimated Fair Value
(In thousands) |  | Carrying Amount |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Financial instruments - assets |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 70,564 |  |  | $ | 70,564 |  |  | $ | — |  |  | $ | — |  |  | $ | 70,564 |
Available-for-sale securities |  | 260,477 |  |  | — |  |  | 260,477 |  |  | — |  |  | 260,477 |
Held-to-maturity securities |  | 382,447 |  |  | — |  |  | 340,648 |  |  | — |  |  | 340,648 |
Equity securities |  | 428 |  |  | 428 |  |  | — |  |  | — |  |  | 428 |
Loans held for sale |  | 7,064 |  |  | — |  |  | 7,064 |  |  | — |  |  | 7,064 |
Net loans |  | 4,407,556 |  |  | — |  |  | — |  |  | 4,430,623 |  |  | 4,430,623 |
Restricted investment in bank stocks |  | 7,461 |  |  |  |  | 7,461 |  |  | — |  |  | 7,461 |
Accrued interest receivable |  | 26,846 |  |  | 26,846 |  |  | — |  |  | — |  |  | 26,846 |
Derivative assets |  | 13,708 |  |  | — |  |  | 13,708 |  |  | — |  |  | 13,708 |
Financial instruments - liabilities |  |  |  |  |  |  |  |  |  |
Deposits |  | $ | 4,689,927 |  |  | $ | — |  |  | $ | 4,684,548 |  |  | $ | — |  |  | $ | 4,684,548 |
Short-term debt |  | 2,000 |  |  | — |  |  | 2,000 |  |  | — |  |  | 2,000 |
Long-term debt (1) |  | 20,540 |  |  | — |  |  | 19,120 |  |  | — |  |  | 19,120 |
Subordinated debt |  | 45,741 |  |  | — |  |  | 42,811 |  |  | — |  |  | 42,811 |
Accrued interest payable |  | 13,484 |  |  | 13,484 |  |  | — |  |  | — |  |  | 13,484 |
Derivative liabilities |  | 11,118 |  |  | — |  |  | 11,118 |  |  | — |  |  | 11,118 |
(1)Long-term debt excludes finance lease obligations.

X
- Definition Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
Name: | us-gaap_FairValueAssetsMeasuredOnNonrecurringBasisTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
Name: | us-gaap_FairValueAssetsMeasuredOnRecurringBasisTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Name Accounting Standards Codification -Section 55 -Paragraph 10 -SubTopic 10 -Topic 825 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482881/825-10-55-10 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-13 Reference 3: http://www.xbrl.org/2003/role/exampleRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482881/825-10-55-12 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-12 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-11 + Details
Name: | us-gaap_FairValueByBalanceSheetGroupingTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration