MID PENN BANCORP INC
For the period ended Dec 31, 2025. Filed Mar 12, 2026.
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FY2025 · Filed Mar 12, 2026
MPB$34.78-0.3%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
| MID PENN BANCORP, INC. | Consolidated Statements of Cash Flows |
|---|
| (In thousands) | Year Ended December 31, | ||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Operating Activities: | |||
| Net Income | $56,248 | $49,437 | 37,397 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Provision for credit losses | 1,297 | 1,516 | 3,699 |
| Depreciation | 4,855 | 4,866 | 4,900 |
| Amortization of intangibles | 3,046 | 1,784 | 1,780 |
| Net amortization of security discounts/premiums | 330 | 397 | 472 |
| Noncash operating lease expense | 2,844 | 2,184 | 1,945 |
| Amortization of finance lease right-of-use asset | 180 | 179 | 180 |
| Earnings on cash surrender value of life insurance | (1,979) | (1,141) | (1,112) |
| Mortgage loans originated for sale | (103,623) | (113,741) | (82,714) |
| Proceeds from sales of mortgage loans originated for sale | 109,851 | 113,008 | 82,687 |
| Gain on sale of mortgage loans | (2,832) | (2,476) | (1,353) |
| SBA loans originated for sale | (3,426) | (4,603) | (11,211) |
| Proceeds from sales of SBA loans originated for sale | 3,645 | 4,951 | 10,640 |
| Gain on sale of SBA loans | (220) | (347) | (571) |
| Gain on sale of property, plant, and equipment | (51) | (10) | — |
| Loss/(gain) on sale or write-down of foreclosed assets | 646 | 80 | (144) |
| Discount on subordinated debt | (461) | (613) | (587) |
| Stock compensation expense | 1,999 | 1,047 | 1,103 |
| Change in deferred income taxes | 13,891 | 1,516 | (1,551) |
| Increase in accrued interest receivable | (523) | (1,026) | (6,244) |
| (Increase)/decrease in other assets | (4,114) | (4,988) | 9,736 |
| (Decrease)/increase in accrued interest payable | (2,571) | (773) | 10,043 |
| Increase/(decrease) in operating lease liability | 3,339 | (2,123) | (2,540) |
| (Decrease)/increase in other liabilities | (2,336) | 2,264 | (4,214) |
| Net Cash Provided By Operating Activities | 80,035 | 51,388 | 52,341 |
| Investing Activities: | |||
| Proceeds from the sale of available-for-sale securities | — | — | 1,751 |
| Proceeds from the maturity or call of available-for-sale securities | 60,253 | 33,756 | 16,611 |
| Purchases of available-for-sale securities | (201,796) | (72,712) | — |
| Proceeds from the maturity or call of held-to-maturity securities | 34,943 | 16,356 | 10,490 |
| Stock dividends received on FHLB and other bank stock | 443 | 1,288 | 864 |
| (Purchases)/reduction of restricted investment in bank stock | (558) | 8,019 | (9,317) |
| Net cash received/(paid) from acquisitions | 218,112 | (2,676) | 1,068 |
| Net increase in loans | (25,515) | (190,658) | (424,939) |
| Purchases of bank premises and equipment | (8,234) | (6,916) | (2,770) |
| Proceeds from the sale of premises and equipment | 352 | 163 | — |
| Proceeds from the sale of foreclosed assets | 1,891 | 359 | 1,256 |
| Proceeds from bank-owned life insurance | 1,077 | 6,683 | 774 |
| Earnings on bank-owned life insurance | — | (2,566) | (125) |
| Net change in investments in tax credits and other partnerships | 2,201 | 162 | (4,588) |
| Net Cash Provided by (Used in) Investing Activities | 83,169 | (208,742) | (408,925) |
| Financing Activities: | |||
| Net (decrease)/increase in deposits | (95,024) | 343,715 | 286,498 |
| Common stock dividends paid | (18,160) | (13,822) | (12,981) |
| Proceeds from Employee and Director Stock Purchase Plan stock issuance | 619 | 561 | 482 |
| Proceeds from public offering of common stock | — | 75,956 | — |
| Treasury stock purchased | (2,250) | (323) | (4,876) |
| MID PENN BANCORP, INC. | Consolidated Statements of Cash Flows |
|---|
| Net change in finance lease liability | (146) | (134) | (93) |
|---|---|---|---|
| Proceeds from short-term borrowings | 243,583 | 1,305,482 | 1,731,919 |
| Repayment of short-term borrowings | (224,750) | (1,545,014) | (1,593,034) |
| Long-term debt repayment | (318) | (35,266) | (30,449) |
| Proceeds from long-term debt | — | — | 25,000 |
| Subordinated debt redemption | (45,280) | — | (10,000) |
| Exercise of stock options | 6,876 | — | — |
| Net Cash (Used in)/Provided by Financing Activities | (134,850) | 131,155 | 392,466 |
| Net increase/(decrease) in cash and cash equivalents | 28,354 | (26,199) | 35,882 |
| Cash and cash equivalents, beginning of period | 70,564 | 96,763 | 60,881 |
| Cash and cash equivalents, end of period | $98,918 | $70,564 | $96,763 |
| Supplemental Disclosures of Cash Flow Information: | |||
| Cash paid for interest | $127,217 | $130,685 | $77,413 |
| Cash paid for income taxes | 5,752 | 853 | 7,965 |
| Supplemental Noncash Disclosures: | |||
| Recognition of operating lease right-of-use assets | $3,974 | $930 | $2,100 |
| Recognition of operating lease liabilities | 3,974 | 930 | 2,100 |
| Loans transferred to foreclosed assets held-for-sale | 10,299 | 164 | 1,362 |
| Fair value of assets acquired in business combination, excluding cash (1) | $687,522 | $1,547 | $362,070 |
| Goodwill recorded (1) | 7,313 | 1,129 | 12,800 |
| Fair value of liabilities assumed in business combination (1) | 630,181 | — | 345,043 |
| Fair value of shares issued in business combination (2) | 103,213 | — | 18,095 |
(1)Includes the impact of the William Penn Acquisition on April 30, 2025, the Charis Insurance Group acquisition on May 12, 2025, the Commonwealth Benefits Group acquisition on July 31, 2024, and the Brunswick acquisition on May 19, 2023. See "Note 2 - Business Combinations" to the Consolidated Financial Statement for additional information.
(2)This disclosure includes the impact of the William Penn Acquisition on April 30, 2025 and the Brunswick acquisition on May 19, 2023.
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