MID PENN BANCORP INC
For the period ended Sep 30, 2024. Filed Nov 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 7, 2024
MPB$34.78-0.3%Stored close · as of Nov 10, 2026
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Consolidated Balance Sheets as of and (Unaudited)
CONSOLIDATED BALANCE SHEETS (UNAUDITED)
| (In thousands, except per share data) | September 30, 2024 | December 31, 2023 |
|---|---|---|
| ASSETS | ||
| Cash and due from banks | $57,518 | $45,435 |
| Interest-bearing balances with other financial institutions | 19,323 | 34,668 |
| Federal funds sold | 67,554 | 16,660 |
| Total cash and cash equivalents | 144,395 | 96,763 |
| Investment securities: | ||
| HTM, at amortized cost (fair value $354,365 and $357,521, respectively) | 386,618 | 399,128 |
| AFS, at fair value | 255,227 | 223,555 |
| Equity securities, at fair value | 446 | 438 |
| Loans held for sale, at fair value | 7,919 | 3,855 |
| Loans, net of unearned income | 4,431,704 | 4,252,792 |
| Less: ACL - Loans | (35,562) | (34,187) |
| Net loans | 4,396,142 | 4,218,605 |
| Premises and equipment, net | 33,765 | 36,909 |
| Operating lease right of use asset | 7,390 | 8,953 |
| Finance lease right of use asset | 2,593 | 2,727 |
| Cash surrender value of life insurance | 53,135 | 54,497 |
| Restricted investment in bank stocks | 10,589 | 16,768 |
| Accrued interest receivable | 27,286 | 25,820 |
| Deferred income taxes | 23,197 | 24,146 |
| Goodwill | 128,160 | 127,031 |
| Core deposit and other intangibles, net | 6,713 | 6,479 |
| Foreclosed assets held for sale | 281 | 293 |
| Other assets | 43,169 | 44,825 |
| Total Assets | $5,527,025 | $5,290,792 |
| LIABILITIES & SHAREHOLDERS’ EQUITY | ||
| Deposits: | ||
| Noninterest-bearing demand | $791,980 | $801,312 |
| Interest-bearing transaction accounts | 2,288,783 | 2,086,450 |
| Time | 1,626,001 | 1,458,450 |
| Total Deposits | 4,706,764 | 4,346,212 |
| Short-term borrowings | 114,097 | 241,532 |
| Long-term debt | 23,716 | 59,003 |
| Subordinated debt | 45,894 | 46,354 |
| Operating lease liability | 7,778 | 9,285 |
| Accrued interest payable | 18,995 | 14,257 |
| Other liabilities | 36,722 | 31,799 |
| Total Liabilities | 4,953,966 | 4,748,442 |
| Shareholders' Equity: | ||
| Common stock, par value $1.00 per share; 40,000,000 shares authorized at September 30, 2024 and December 31, 2023; 17,060,896 issued at September 30, 2024 and 16,998,929 at December 31, 2023; 16,620,174 outstanding at September 30, 2024 and 16,573,707 at December 31, 2023 | 17,061 | 16,999 |
| Additional paid-in capital | 406,922 | 405,725 |
| Retained earnings | 172,234 | 145,982 |
| Accumulated other comprehensive loss | (13,116) | (16,637) |
| Treasury stock, at cost; 440,722 shares at September 30, 2024 and 425,222 shares at December 31, 2023 | (10,042) | (9,719) |
| Total Shareholders’ Equity | 573,059 | 542,350 |
| Total Liabilities and Shareholders' Equity | $5,527,025 | $5,290,792 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.