XML 194 R50.htm IDEA: XBRL DOCUMENT v3.25.4

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2025

Income Tax Disclosure [Abstract]

Schedule of Net Deferred Tax Asset

Significant components of the Corporation’s net deferred tax asset as of December 31, 2025 and 2024 are shown below.

(In thousands)			2025						2024
Deferred tax assets:
Allowance for loan losses			$	8,031					$	7,878
Loan fees			811						769
Deferred compensation			1,899						1,317
Benefit plans			46						50
Unrealized loss on securities			2,373						5,389
Lease adjustments			53						87
Business combination adjustments			7,057						4,659
Acquired NOL, Section 1231, and charitable contribution carryforwards			3,198						3,153
Rabbi trust			442						521
Riverview AMT credits			547						621
Equity compensation			776						249
Riverview subordinated debt fair value adjustment			—						139
Software renewal costs			194						222
Unfunded commitments and loan basis adjustments			609						491
Investments in flow-through entities			203						517
Other			276						482
Total deferred tax assets			$	26,515					$	26,544
Deferred tax liabilities:
Depreciation			$	(2,134)					$	(1,160)
Bond accretion			(401)						(269)
Goodwill and intangibles			(226)						(505)
Prepaid expenses			(818)						(74)
Benefit plans			(1,520)						(1,368)
Interest rate swaps			—						(421)
Total deferred tax liabilities			(5,099)						(3,797)
Deferred tax asset, net			$	21,416					$	22,747

Schedule of Provision for Income Taxes

The provision for income taxes consists of the following:

(In thousands)			2025						2024						2023
Current tax provision
Federal			$	2,199					$	7,118					$	7,570
State			108						864						1,033
Total current tax provision			$	2,307					$	7,982					$	8,603
Deferred tax expense (benefit)
Federal			$	12,910					$	1,998					$	(525)
State			905						615						(781)
Total deferred tax expense (benefit)			13,815						2,613						(1,306)
Total provision for income taxes			$	16,122					$	10,595					$	7,297

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the federal income tax provision at the statutory rate of 21% to Mid Penn's actual federal income tax provision at its effective rate is as follows:

(In thousands)			2025												2024												2023
Provision at the expected statutory rate			$	15,198					21.0		%				$	12,607					21.0		%				$	9,388					21.0		%
Low income housing partnership tax credits			(614)						(0.8)						(2,163)						(3.6)						(1,337)						(3.0)
Effect of tax-exempt income			(770)						(1.1)						(804)						(1.3)						(641)						(1.4)
Effect of investment in life insurance			(485)						(0.7)						(770)						(1.3)						(252)						(0.6)
Nondeductible merger and acquisition expense			704						1.0						48						0.1						207						0.5
State income taxes, net of federal tax benefit			800						1.1						1,169						1.9						199						0.4
Nondeductible interest			128						0.2						150						0.2						108						0.2
Executive compensation			581						0.8						—						—						—						—
Equity compensation			242						0.3						—						—						—						—
Other items			338						0.5						358						0.6						(375)						(0.8)
Provision for income taxes			$	16,122					22.3		%				$	10,595					17.6		%				$	7,297					16.3		%

Schedule of Income Taxes Paid

Mid Penn paid the following income taxes, net of refunds, during the year ended December 31, 2025:

(In thousands)						2025
Federal						$	5,350
State
New Jersey						395
Other states						7
Total state						402
Total Income Taxes Paid						$	5,752

X

- References

No definition available.

+ Details

Name:	us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of supplemental cash flow information for the periods presented.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfCashFlowSupplementalDisclosuresTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-9

+ Details

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-2

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12A

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration