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Leases | 12 Months Ended
--- | ---
Dec. 31, 2025
Leases [Abstract] |
Leases | Leases Mid Penn has operating and finance leases for cert ain premises and equipment. Operating and finance lease ROU assets, as well as operating lease liabilities, are presented as separate line items on the Consolidated Balance Sheet, while finance lease liabilities are classified as a component of long-term debt. Supplemental consolidated balance sheet information for each lease classification as of December 31 was as follows:
| 2025 |  | 2024
(Dollars in thousands) | Operating Leases |  | Finance Leases |  | Operating Leases |  | Finance Leases
ROU | $ | 15,169 |  | $ | 2,368 |  | $ | 7,699 |  | $ | 2,548
Lease liability | 15,405 |  | 2,917 |  | 8,092 |  | 3,063
Weighted-average remaining lease term (in years) | 5.61 |  | 13.17 |  | 5.12 |  | 14.17
Weighted-average discount rate | 4.13 | % |  | 3.81 | % |  | 3.68 | % |  | 3.81 | %
Interest expense on finance lease liabilities is included in other interest expense. Operating lease cost and amortization of finance lease ROU assets are included in occupancy expense on Mid Penn’s Consolidated Statements of Income. The following table provides a summary of lease costs for the years ended December 31:
(In thousands) | 2025 |  | 2024 |  | 2023
Finance lease cost: |  |  |  |  |
Amortization of ROU asset | $ | 180 |  |  | $ | 179 |  |  | $ | 180 |
Interest expense on lease liability | 113 |  |  | 119 |  |  | 123 |
Total finance lease cost | 293 |  |  | 298 |  |  | 303 |
Operating lease cost | 3,328 |  |  | 2,322 |  |  | 2,081 |
Sublease income (1) | — |  |  | (21) |  |  | (29) |
Total lease costs | $ | 3,621 |  |  | $ | 2,599 |  |  | $ | 2,355 |
(1) Sublease income relates to excess office space leased to third parties under operating subleases. Rental expense paid to related parties totaled $185 thousand for the year ended December 31, 2025 and $274 thousand for the years ended December 31, 2024 and 2023, respectively. Supplemental cash flow information related to operating and finance leases for the years ended December 31 was as follows:
(In thousands) | 2025 |  | 2024
Cash paid for amounts included in the measurement of lease liabilities: |  |  |
Operating cash flows from finance leases | $ | 113 |  |  | $ | 119 |
Operating cash flows from operating leases | 3,318 |  |  | 2,382 |
Financing cash flows from finance leases | 146 |  | 134
A maturity analysis of operating and finance lease liabilities, together with a reconciliation of the undiscounted cash flows to the related lease liability balances, is presented below:
| December 31, 2025
(In thousands) | Operating Leases |  | Finance Leases
Lease payments due: |  |  |
2026 | $ | 4,075 |  |  | $ | 260 |
2027 | 3,747 |  |  | 260 |
2028 | 2,616 |  |  | 260 |
2029 | 2,291 |  |  | 276 |
2030 | 1,625 |  |  | 279 |
Thereafter | 2,795 |  |  | 2,397 |
Total lease payments | 17,149 |  |  | 3,732 |
Less: imputed interest | (1,744) |  |  | (815) |
Present value of lease liabilities | $ | 15,405 |  |  | $ | 2,917 |
Future minimum lease payments to related parties are $178 thousand for 2026, 2027, 2028, 2029, $181 thousand for 2030 and $457 thousand thereafter. Certain leases contain renewal options. Lease terms include renewal periods when the Corporation is reasonably certain to exercise such options in accordance with ASC 842. There were no sale-leaseback transactions or leveraged leases during the years ended December 31, 2025 or 2024.
Leases | Leases Mid Penn has operating and finance leases for cert ain premises and equipment. Operating and finance lease ROU assets, as well as operating lease liabilities, are presented as separate line items on the Consolidated Balance Sheet, while finance lease liabilities are classified as a component of long-term debt. Supplemental consolidated balance sheet information for each lease classification as of December 31 was as follows:
| 2025 |  | 2024
(Dollars in thousands) | Operating Leases |  | Finance Leases |  | Operating Leases |  | Finance Leases
ROU | $ | 15,169 |  | $ | 2,368 |  | $ | 7,699 |  | $ | 2,548
Lease liability | 15,405 |  | 2,917 |  | 8,092 |  | 3,063
Weighted-average remaining lease term (in years) | 5.61 |  | 13.17 |  | 5.12 |  | 14.17
Weighted-average discount rate | 4.13 | % |  | 3.81 | % |  | 3.68 | % |  | 3.81 | %
Interest expense on finance lease liabilities is included in other interest expense. Operating lease cost and amortization of finance lease ROU assets are included in occupancy expense on Mid Penn’s Consolidated Statements of Income. The following table provides a summary of lease costs for the years ended December 31:
(In thousands) | 2025 |  | 2024 |  | 2023
Finance lease cost: |  |  |  |  |
Amortization of ROU asset | $ | 180 |  |  | $ | 179 |  |  | $ | 180 |
Interest expense on lease liability | 113 |  |  | 119 |  |  | 123 |
Total finance lease cost | 293 |  |  | 298 |  |  | 303 |
Operating lease cost | 3,328 |  |  | 2,322 |  |  | 2,081 |
Sublease income (1) | — |  |  | (21) |  |  | (29) |
Total lease costs | $ | 3,621 |  |  | $ | 2,599 |  |  | $ | 2,355 |
(1) Sublease income relates to excess office space leased to third parties under operating subleases. Rental expense paid to related parties totaled $185 thousand for the year ended December 31, 2025 and $274 thousand for the years ended December 31, 2024 and 2023, respectively. Supplemental cash flow information related to operating and finance leases for the years ended December 31 was as follows:
(In thousands) | 2025 |  | 2024
Cash paid for amounts included in the measurement of lease liabilities: |  |  |
Operating cash flows from finance leases | $ | 113 |  |  | $ | 119 |
Operating cash flows from operating leases | 3,318 |  |  | 2,382 |
Financing cash flows from finance leases | 146 |  | 134
A maturity analysis of operating and finance lease liabilities, together with a reconciliation of the undiscounted cash flows to the related lease liability balances, is presented below:
| December 31, 2025
(In thousands) | Operating Leases |  | Finance Leases
Lease payments due: |  |  |
2026 | $ | 4,075 |  |  | $ | 260 |
2027 | 3,747 |  |  | 260 |
2028 | 2,616 |  |  | 260 |
2029 | 2,291 |  |  | 276 |
2030 | 1,625 |  |  | 279 |
Thereafter | 2,795 |  |  | 2,397 |
Total lease payments | 17,149 |  |  | 3,732 |
Less: imputed interest | (1,744) |  |  | (815) |
Present value of lease liabilities | $ | 15,405 |  |  | $ | 2,917 |
Future minimum lease payments to related parties are $178 thousand for 2026, 2027, 2028, 2029, $181 thousand for 2030 and $457 thousand thereafter. Certain leases contain renewal options. Lease terms include renewal periods when the Corporation is reasonably certain to exercise such options in accordance with ASC 842. There were no sale-leaseback transactions or leveraged leases during the years ended December 31, 2025 or 2024.

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- Definition The entire disclosure for finance leases of lessee. Includes, but is not limited to, description of lessee's finance lease and maturity analysis of finance lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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