MID PENN BANCORP INC
For the period ended Mar 31, 2026. Filed May 7, 2026.
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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.
Mar 31, 2026 · Filed May 7, 2026
MPB$34.78-0.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows for the and (Unaudited)
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
| Three Months Ended March 31, | ||
|---|---|---|
| (In thousands) | 2026 | 2025 |
| Operating Activities: | ||
| Net Income | $8,706 | $13,742 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Provision for credit losses | 1,594 | 301 |
| Depreciation | 1,493 | 1,133 |
| Amortization of intangibles | 1,300 | 428 |
| Net amortization of security discounts/premiums | 229 | 70 |
| Noncash operating lease expense | 795 | 619 |
| Amortization of finance lease right-of-use asset | 45 | 45 |
| Earnings on cash surrender value of life insurance | (705) | (274) |
| Mortgage loans originated for sale | (21,039) | (20,566) |
| Proceeds from sales of mortgage loans originated for sale | 8,467 | 21,370 |
| Gain on sale of mortgage loans | (314) | (591) |
| SBA loans originated for sale | (2,783) | (728) |
| Proceeds from sales of SBA loans originated for sale | 2,948 | 785 |
| Gain on sale of SBA loans | (163) | (57) |
| Loss/(gain) on sale or write-down of foreclosed assets | 491 | (28) |
| Discount on subordinated debt | — | (154) |
| Accretion of loan fair value marks | 2,441 | 989 |
| Restricted stock compensation expense | 533 | 218 |
| Stock option expense | 132 | — |
| Deferred income tax expense | 1,309 | 206 |
| Increase/(decrease) in accrued interest receivable | 740 | (417) |
| Increase in other assets | 867 | 822 |
| Increase/(decrease) in accrued interest payable | 1,125 | (584) |
| Increase/(decrease) in operating lease liability | 1,700 | (649) |
| Increase/(decrease) in other liabilities | 4,544 | (4,162) |
| Net Cash Provided By Operating Activities | 14,455 | 12,518 |
| Investing Activities: | ||
| Proceeds from the maturity or call of available-for-sale securities | 28,265 | 6,609 |
| Purchases of available-for-sale securities | (98,899) | — |
| Proceeds from the maturity or call of held-to-maturity securities | 6,342 | 7,265 |
| Redemption of restricted investment in bank stock | 13,023 | 7,693 |
| Purchases of restricted investment in bank stock | (15,528) | (6,892) |
| Net cash received from acquisitions | 162,808 | — |
| Net increase in loans | (65,628) | (50,465) |
| Purchases of bank premises and equipment | (1,425) | (2,720) |
| Proceeds from the sale of premises and equipment | — | 65 |
| Proceeds from the sale of foreclosed assets | 168 | 72 |
| Proceeds from bank-owned life insurance | 2,022 | 527 |
| Earnings on bank-owned life insurance | — | (83) |
| Net change in investments in tax credits and other partnerships | 2,770 | 647 |
| Net Cash Provided by (Used in) Investing Activities | 33,918 | (37,282) |
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)(CONTINUED)
| Financing Activities: | ||
|---|---|---|
| Net increase in deposits | 9,393 | 42,275 |
| Common stock dividends paid | (6,237) | (3,870) |
| Proceeds from Employee and Director Stock Purchase Plan stock issuance | 194 | 163 |
| Net change in finance lease liability | (37) | (36) |
| Proceeds from short-term borrowings | 453,300 | 25,000 |
| Repayment of short-term borrowings | (442,633) | (2,000) |
| Long-term debt repayment | (20,081) | (78) |
| Net Cash (Used in)/Provided by Financing Activities | (6,101) | 61,454 |
| Net increase in cash and cash equivalents | 42,272 | 36,690 |
| Cash and cash equivalents, beginning of period | 98,918 | 70,564 |
| Cash and cash equivalents, end of period | $141,190 | $107,254 |
| Supplemental Disclosures of Cash Flow Information: | ||
| Cash paid for interest | $27,424 | $29,819 |
| Cash paid for income taxes | — | 185 |
| Supplemental Noncash Disclosures: | ||
| Recognition of operating lease right-of-use assets | $81 | $2,322 |
| Recognition of operating lease liabilities | 81 | 2,322 |
| Loans transferred to foreclosed assets held-for-sale | 1,273 | 1,402 |
| Common Stock issued to Cumberland Advisors and 1st Colonial Shareholders | 2,238 | — |
| Fair value of assets acquired in business combination, excluding cash (1) | $756,794 | $— |
| Goodwill recorded (1) | 20,391 | — |
| Fair value of liabilities assumed in business combination (1) | 753,509 | — |
| Fair value of shares issued in business combination (1) | 71,853 | — |
(1)Includes the impact of the 1st Colonial acquisition on February 27, 2026 and the Cumberland Advisors acquisition on January 1, 2026. See "Note 2 - Business Combinations" to the Consolidated Financial Statements for more information.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.