MID PENN BANCORP INC
For the period ended Dec 31, 2023. Filed Mar 28, 2024.
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FY2023 · Filed Mar 28, 2024
MPB$34.87+1.2%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
| MID PENN BANCORP, INC. | Consolidated Balance Sheets |
|---|
| (In thousands, except per share data) | December 31, 2023 | December 31, 2022 |
|---|---|---|
| ASSETS | ||
| Cash and due from banks | $45,435 | $53,368 |
| Interest-bearing balances with other financial institutions | 34,668 | 4,405 |
| Federal funds sold | 16,660 | 3,108 |
| Total cash and cash equivalents | 96,763 | 60,881 |
| Investment securities: | ||
| Held to maturity, at amortized cost (fair value $357,521 and $348,505) | 399,128 | 399,494 |
| AFS, at fair value | 223,555 | 237,878 |
| Equity securities available for sale, at fair value | 438 | 430 |
| Loans held for sale, at fair value | 3,855 | 2,475 |
| Loans, net of unearned interest | 4,252,792 | 3,514,119 |
| Less: ACL - Loans | (34,187) | (18,957) |
| Net loans | 4,218,605 | 3,495,162 |
| Premises and equipment, net | 36,909 | 34,471 |
| Operating lease right of use asset | 8,953 | 8,798 |
| Finance lease right of use asset | 2,727 | 2,907 |
| Cash surrender value of life insurance | 54,497 | 50,674 |
| Restricted investment in bank stocks | 16,768 | 8,315 |
| Accrued interest receivable | 25,820 | 18,405 |
| Deferred income taxes | 24,146 | 13,674 |
| Goodwill | 127,031 | 114,231 |
| Core deposit and other intangibles, net | 6,479 | 7,260 |
| Foreclosed assets held for sale | 293 | 43 |
| Other assets | 44,825 | 42,856 |
| Total Assets | $5,290,792 | $4,497,954 |
| LIABILITIES & SHAREHOLDERS’ EQUITY | ||
| Deposits: | ||
| Noninterest-bearing demand | $801,312 | $793,939 |
| Interest-bearing transaction accounts | 2,086,450 | 2,325,847 |
| Time | 1,458,450 | 658,545 |
| Total Deposits | 4,346,212 | 3,778,331 |
| Short-term borrowings | 241,532 | 102,647 |
| Long-term debt | 59,003 | 4,409 |
| Subordinated debt | 46,354 | 56,941 |
| Operating lease liability | 9,285 | 9,725 |
| Accrued interest payable | 14,257 | 2,303 |
| Other liabilities | 31,799 | 31,499 |
| Total Liabilities | 4,748,442 | 3,985,855 |
| Shareholders' Equity: | ||
| Common stock, par value $1.00 per share; 40,000,000 shares authorized; 16,998,929 issued at December 31, 2023 and 16,094,486 at December 31, 2022; 16,573,707 outstanding at December 31, 2023 and 15,886,143 at December 31, 2022 | 16,999 | 16,094 |
| Additional paid-in capital | 405,725 | 386,987 |
| Retained earnings | 145,982 | 133,114 |
| Accumulated other comprehensive loss | (16,637) | (19,216) |
| Treasury Stock, at cost; 425,222 and 208,343 shares at December 31, 2023 and December 31, 2022 | (9,719) | (4,880) |
| Total Shareholders’ Equity | 542,350 | 512,099 |
| Total Liabilities and Shareholders' Equity | $5,290,792 | $4,497,954 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.