MID PENN BANCORP INC
For the period ended Dec 31, 2024. Filed Mar 13, 2025.
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FY2024 · Filed Mar 13, 2025
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Consolidated Statements of Comprehensive Income
| MID PENN BANCORP, INC. | Consolidated Statements of Comprehensive Income |
|---|
| Year EndedDecember 31, | |||
|---|---|---|---|
| (In Thousands) | 2024 | 2023 | 2022 |
| Net income | $49,437 | $37,397 | $54,806 |
| Other comprehensive (loss)/income: | |||
| Unrealized (losses)/gains arising during the period on available for sale securities, net of income tax. | (1,550) | 1,988 | (19,072) |
| Unrealized holding gains arising during the period on interest rate derivatives used in cash flow hedges, net of income tax. | 665 | 820 | — |
| Change in defined benefit plans, net of income tax. (1) | 723 | (212) | (294) |
| Reclassification adjustment for settlement gains and activity related to benefit plans, net of income tax. (2) | (26) | (17) | (8) |
| Total other comprehensive (loss)/income | (188) | 2,579 | (19,374) |
| Total comprehensive income | $49,249 | $39,976 | $35,432 |
(1)The change in defined benefit plans consists primarily of unrecognized actuarial (losses) gains on defined benefit plans during the period.
(2)The reclassification adjustment for defined benefit plans includes settlement gains, amortization of prior service costs, and amortization of net gain or loss. Amounts are included in other income on the Consolidated Statements of Income within the total noninterest income. See "Note 14 - Postretirement Benefit Plans", to the Consolidated Financial Statements for more information.
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