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Postretirement Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2025
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]  
Schedule of Net Funded Status
The following tables present a reconciliation of the changes in the plan’s health and life insurance benefit obligations and fair value of plan assets for the years ended December 31, 2025 and 2024, and a statement of the funded status as of December 31, 2025 and 2024.
(In thousands)December 31,
Change in benefit obligations:20252024
Benefit obligations, January 1$226 $271 
Service cost1 
Interest cost11 11 
Change in experience1 (28)
Change in assumptions5 (7)
Benefit payments(20)(22)
Benefit obligations, December 31$224 $226 
Change in fair value of plan assets:
Fair value of plan assets, January 1$ $— 
Employer contributions20 22 
Benefit payments(20)(22)
Fair value of plan assets, December 31 — 
Funded status at year end$(224)$(226)
The following tables provide a reconciliation of the changes in the Director's Plan benefit obligations and fair value of plan assets for the years ended December 31, 2025 and 2024, and a statement of the status as of December 31, 2025 and 2024. This Plan was unfunded.
(In thousands)December 31,
Change in benefit obligations:20252024
Benefit obligations, January 1$ $1,306 
Service cost — 
Interest cost — 
Actuarial loss  — 
Change in assumptions — 
Benefit payments (1,306)
Benefit obligations, December 31$ $— 
Change in fair value of plan assets:
Fair value of plan assets, January 1$ $— 
Employer contributions 1,306 
Benefit payments (1,306)
Fair value of plan assets,  — 
Funded status at year end$ $— 
The following tables provide a reconciliation of the changes in the Scottdale Plan’s benefit obligations and fair value of plan assets for the year ended December 31, 2025 and 2024, and a statement of the status as of December 31, 2025 and 2024:
(In thousands)December 31,
Change in benefit obligations:20252024
Benefit obligations, January 1$2,547 $2,659 
Service cost15 25 
Interest cost136 130 
Settlement loss4 — 
Actuarial gain(35)(97)
Settlement payments(493)— 
Benefit payments(87)(170)
Benefit obligations, December 31$2,087 $2,547 
Change in fair value of plan assets:
Fair value of plan assets, January 1$3,597 $3,468 
Return on plan assets415 328 
Employer contributions — 
Benefit payments(87)(170)
Administrative expenses(29)(29)
Settlement payments(493)— 
Fair value of plan assets, December 313,403 3,597 
Funded status at year end$1,316 $1,050 
The following tables provide a reconciliation of the changes in the Riverview Plans' benefit obligations and fair value of plan assets for year ended December 31, 2025, and a statement of the status as of December 31:
(In thousands)
Change in benefit obligations:20252024
Benefit obligations, January 1$5,740 $6,442 
Interest cost302 299 
Actuarial loss(8)(483)
Benefit payments(508)(518)
Benefit obligations, December 31$5,526 $5,740 
Change in fair value of plan assets:
Fair value of plan assets, January 1,$6,711 $6,895 
Return on plan assets697 329 
Contributions 
Benefit payments(505)(516)
Fair value of plan assets, December 316,903 6,711 
Funded status at year end$1,377 $971 
Schedule of Amounts Recognized in Balance Sheet
The amount recognized in other liabilities on the Consolidated Balance Sheets as of December 31, is as follows:
(In thousands)20252024
Accrued benefit liability$224 $226 
Amounts recognized in other liabilities on the Consolidated Balance Sheet as of December 31 are as follows:
(In thousands)20252024
Accrued benefit liability$ $— 
Amounts recognized on the Consolidated Balance Sheets as of December 31 are as follows:
(In thousands)20252024
Accrued pension benefit asset$1,316 $1,050 
Amounts recognized in other liabilities on the Consolidated Balance Sheets as of December 31 are as follows:
(In thousands)20252024
Accrued pension benefit asset$1,377 $971 
Schedule of Amounts Recognized in Other Comprehensive (Loss) Income
The amounts recognized in accumulated other comprehensive income as of December 31 consist of:
(In thousands)20252024
Net gain, pretax$(51)$(65)
Net prior service cost, pretax — 
Amounts recognized in accumulated other comprehensive loss (income) as of December 31 consist of:
(In thousands)20252024
Net prior service cost, pretax$ $— 
Net loss, pretax — 
Amounts recognized in accumulated other comprehensive loss consist of the following as of December 31:
(In thousands)20252024
Unrecognized actuarial gain$813 $798 
As of December 31, 2025 amounts related to the Riverview Plans that have been recognized in accumulated other comprehensive loss but not yet recognized as a component of net periodic pension cost are as follows:
(In thousands)20252024
Unrecognized actuarial gain $153 $415 
Schedule of Net Periodic Benefit Costs
The components of net periodic postretirement benefit cost for 2025, 2024 and 2023 are as follows:
(In thousands)202520242023
Service cost$1 $$
Interest cost11 11 13 
Amortization of prior service cost — 10 
Amortization of net gain(8)(7)(2)
Net periodic postretirement benefit cost$4 $$22 
The components of net periodic retirement cost for 2025, 2024 and 2023 are as follows:
(In thousands)202520242023
Service cost$ $— $56 
Interest cost — 61 
Amortization of net loss — 34 
Net periodic retirement cost$ $— $151 
The components of net periodic retirement cost for December 31 are as follows:
(In thousands)202520242023
Service cost$15 $25 $58 
Interest cost136 130 197 
Expected return on plan assets(159)(153)(211)
Recognized net actuarial gain(52)(25)(63)
Net periodic retirement income$(60)$(23)$(19)
The components of net periodic pension and postretirement benefit cost for the year ended December 31, 2025 and 2024 are as follows:
(In thousands)202520242023
Interest cost$302 $299 $309 
Expected return on plan assets(387)(397)(387)
Amortization of net loss10 12 — 
Net periodic pension benefit$(75)$(86)$(78)
(In thousands)202520242023
Service credit$ $— $— 
Interest cost1 
Unrecognized gain(1)(1)(1)
Net periodic postretirement benefit $ $— $— 
Schedule of Assumptions Used
Weighted-average assumptions used in the measurement of Mid Penn's benefit obligations as of December 31 are as follows:
Weighted-average assumptions:20252024
Discount rate5.07 %5.32 %
Rate of compensation increase — 
Weighted-average assumptions used in the measurement of Mid Penn’s net periodic benefit cost for the years ended December 31 are as follows:
Weighted-average assumptions:202520242023
Discount rate5.32 %4.67 %4.90 %
Rate of compensation increase — — 
Weighted-average assumptions used in the measurement of Mid Penn’s benefit obligations as of December 31 are as follows:
Weighted-average assumptions:20252024
Discount rate%%
Change in consumer price index
Weighted-average assumptions used in the measurement of Mid Penn’s net periodic benefit cost for the years ended December 31 are as follows:
Weighted-average assumptions:202520242023
Discount rate%%4.80%
Change in consumer price index3.40
Weighted-average assumptions used in the measurement of Mid Penn’s benefit obligations and net periodic pension costs as of December 31 are as follows:
Weighted-average assumptions:202520242023
Discount rate5.50%5.50%5.00%
Expected long-term return on plan assets4.504.504.50
Rate of compensation increases2.502.502.50
Weighted-average assumptions used in the measurement of Mid Penn’s benefit obligations and net periodic pension costs as of December 31, 2025 and 2024 are as follows:
Pension BenefitsPostretirement
Life Insurance
Benefits
2025UnionCitizensCBT
Discount rate5.54 %5.54 %4.99 %
Expected long-term return on plan assets6.00 6.00 n/a
2024
Discount rate4.83 %4.83 %5.32 %
Expected long-term return on plan assets6.00 6.00 n/a
Schedule of Health Care Cost Trend Rates
Assumed health care cost trend rates as of December 31 are as follows:
202520242023
Health care cost trend rate assumed for next year8.00%7.00%7.00%
Rate to which the cost trend rate is assumed to decline (the ultimate trend rate)5.50%5.50%5.50%
Year that the rate reaches the ultimate trend rate202920282027
Schedule of Expected Benefit Payments
The following table shows the estimated benefit payments for future periods:
(In thousands)
2026$28 
202728 
202827 
202918 
203014 
2031-203567 
The following table shows the estimated benefit payments for future periods:
(In thousands)
2026$108 
2027124 
2028155 
2029154 
2030178 
2031-2035840 
The following table shows the estimated benefit payments for future periods:
(In thousands)Pension BenefitsPostretirement
Life Insurance
Benefits
2026$511 $4 
2027498 3 
2028499 3 
2029490 3 
2030478 3 
2031-20352,154 9 
Schedule of Plan Assets at Fair Value
The following table presents a summary of the Scottdale Plan’s assets at fair value and the weighted-average asset allocations by investment category as of December 31:
Estimated Fair ValuePercentage of Total AssetsEstimated Fair ValuePercentage of Total Assets
(Dollars in thousands)20252024
Cash and cash equivalents$365 10.7 %$263 7.3 %
Common stock1,894 55.7 2,081 57.9 
Corporate bonds1,144 33.6 1,253 34.8 
$3,403 100.0 %$3,597 100.0 %
Schedule of Plan's Weighted Average Asset Allocation by Investment Category
The following table presents a summary of the Riverview Plan’s assets at fair value and the weighted-average asset allocations by investment category as of December 31:
(Dollars in thousands)Estimated Fair ValuePercentage of Total AssetsEstimated Fair ValuePercentage of Total Assets
Weighted-average asset allocations:20252024
Cash and cash equivalents$60 0.9 %$60 0.9 %
Mutual fund - equity2,618 37.9 2,619 39.0 
Mutual fund / EFTs - fixed income3,926 56.9 3,716 55.4 
Common / collective trusts equity299 4.3 316 4.7 
$6,903 100 %$6,711 100 %