MID PENN BANCORP INC
For the period ended Dec 31, 2024. Filed Mar 13, 2025.
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FY2024 · Filed Mar 13, 2025
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, 2024 | December 31, 2023 |
|---|---|---|
| ASSETS | ||
| Cash and due from banks | $37,002 | $45,435 |
| Interest-bearing balances with other financial institutions | 14,490 | 34,668 |
| Federal funds sold | 19,072 | 16,660 |
| Total cash and cash equivalents | 70,564 | 96,763 |
| Investment securities: | ||
| Held to maturity, at amortized cost (fair value $340,648 and $357,521) | 382,447 | 399,128 |
| AFS, at fair value (amortized cost $284,770 and $245,886) | 260,477 | 223,555 |
| Equity securities, at fair value | 428 | 438 |
| Loans held for sale, at fair value | 7,064 | 3,855 |
| Loans, net of unearned income | 4,443,070 | 4,252,792 |
| Less: ACL - Loans | (35,514) | (34,187) |
| Net loans | 4,407,556 | 4,218,605 |
| Premises and equipment, net | 38,806 | 36,909 |
| Operating lease right of use asset | 7,699 | 8,953 |
| Finance lease right of use asset | 2,548 | 2,727 |
| Cash surrender value of life insurance | 51,521 | 54,497 |
| Restricted investment in bank stocks | 7,461 | 16,768 |
| Accrued interest receivable | 26,846 | 25,820 |
| Deferred income taxes | 22,747 | 24,146 |
| Goodwill | 128,160 | 127,031 |
| Core deposit and other intangibles, net | 6,242 | 6,479 |
| Foreclosed assets held for sale | 44 | 293 |
| Other assets | 50,326 | 44,825 |
| Total Assets | $5,470,936 | $5,290,792 |
| LIABILITIES & SHAREHOLDERS’ EQUITY | ||
| Deposits: | ||
| Noninterest-bearing demand | $759,169 | $801,312 |
| Interest-bearing transaction accounts | 2,319,753 | 2,086,450 |
| Time | 1,611,005 | 1,458,450 |
| Total Deposits | 4,689,927 | 4,346,212 |
| Short-term borrowings | 2,000 | 241,532 |
| Long-term debt | 23,603 | 59,003 |
| Subordinated debt | 45,741 | 46,354 |
| Operating lease liability | 8,092 | 9,285 |
| Accrued interest payable | 13,484 | 14,257 |
| Other liabilities | 33,071 | 31,799 |
| Total Liabilities | 4,815,918 | 4,748,442 |
| Shareholders' Equity: | ||
| Common stock, par value $1.00 per share; 40,000,000 shares authorized; 19,796,519 issued at December 31, 2024 and 16,998,929 at December 31, 2023; 19,355,797 outstanding at December 31, 2024 and 16,573,707 at December 31, 2023 | 19,797 | 16,999 |
| Additional paid-in capital | 480,491 | 405,725 |
| Retained earnings | 181,597 | 145,982 |
| Accumulated other comprehensive loss | (16,825) | (16,637) |
| Treasury Stock, at cost; 440,722 and 425,222 shares at December 31, 2024 and December 31, 2023 | (10,042) | (9,719) |
| Total Shareholders’ Equity | 655,018 | 542,350 |
| Total Liabilities and Shareholders' Equity | $5,470,936 | $5,290,792 |
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