Long-term Debt

12 Months Ended

Dec. 31, 2025

Maturities of Long-Term Debt [Abstract]

The following table presents a summary of long-term debt as of December 31:


(Dollars in thousands)	December 31, 2025		December 31, 2024
FHLB fixed rate instruments:


Due February 2026, 4.51%	$	20,000	$	20,000
Due August 2026, 4.80%	212		523
Due February 2027, 6.71%	10		17
Total FHLB fixed rate instruments	20,222		20,540
Finance lease obligations included in long-term debt	2,917		3,063
Total long-term debt	$	23,139	$	23,603

Mid Penn prepaid no FHLB fixed rate instruments during the years ended December 31, 2025 and 2024.

As a member of the FHLB, the Bank can access a number of credit products which are utilized to provide liquidity. As of December 31, 2025, and 2024, the Bank had long-term debt outstanding in the amount of $23.1 million and $23.6 million, respectively, consisting of FHLB fixed rate instruments, and a finance lease liability.

The FHLB fixed rate instruments are secured under the terms of a blanket collateral agreement with the FHLB consisting of FHLB stock and qualifying Mid Penn loan receivables, principally real estate secured loans. Mid Penn also obtains letters of credit from the FHLB to secure certain public fund deposits of municipalities and school district customers, which are used as a legally allowable alternative to investment in securities. These FHLB letter of credit commitments totaled $162.5 million and $156.0 million as of December 31, 2025 and 2024, respectively.

During the first quarter of 2019, Mid Penn entered into a lease agreement for one facility under a non-cancelable finance lease, which commenced March 1, 2019 and expires February 28, 2039 and is included in long-term debt on the Consolidated Balance Sheets. See "Note 7 - Leases", for more information related to Mid Penn’s finance lease obligation.

The aggregate principal amounts due on FHLB fixed rate instruments subsequent to December 31, 2025, are as follows:


(In thousands)

2026	$	20,220
2027	2

	$	20,222