MID PENN BANCORP INC
For the period ended Sep 30, 2026. Filed Nov 5, 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.
Sep 30, 2026 · Filed Nov 5, 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)
| Nine Months EndedSeptember 30, | ||
|---|---|---|
| (In thousands) | 2026 | 2025 |
| Operating Activities: | ||
| Net Income | $52,022 | $36,801 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Provision for credit losses | 561 | 2,136 |
| Depreciation | 4,653 | 3,492 |
| Amortization of intangibles | 4,828 | 2,116 |
| Net amortization of security discounts/premiums | 502 | 189 |
| Noncash operating lease expense | 2,587 | 2,119 |
| Amortization of finance lease right-of-use asset | 135 | 135 |
| Earnings on cash surrender value of life insurance | (2,562) | (1,370) |
| Mortgage loans originated for sale | (55,367) | (33,288) |
| Proceeds from sales of mortgage loans originated for sale | 41,411 | 36,547 |
| Gain on sale of mortgage loans | (2,591) | (2,280) |
| SBA loans originated for sale | (3,279) | (1,783) |
| Proceeds from sales of SBA loans originated for sale | 3,483 | 1,903 |
| Gain on sale of SBA loans | (204) | (120) |
| Loss/(gain) on sale of property, plant, and equipment | 537 | (10) |
| Loss on sale or write-down of foreclosed assets | 935 | 443 |
| Discount on subordinated debt | — | (462) |
| Accretion of loan fair value marks | 3,120 | 1,197 |
| Restricted stock compensation expense | 2,409 | 1,458 |
| Stock option expense | 1,515 | 6,525 |
| Deferred income tax expense | 2,196 | 7,378 |
| Increase in accrued interest receivable | (922) | (588) |
| Increase in other assets | 1,698 | 7,007 |
| Increase in accrued interest payable | 1,955 | 2,947 |
| (Decrease)/Increase in operating lease liability | (11) | 4,101 |
| Increase/(Decrease) in other liabilities | 5,092 | (2,094) |
| Net Cash Provided By Operating Activities | $64,703 | $74,499 |
| Investing Activities: | ||
| Proceeds from the maturity or call of available-for-sale securities | 66,293 | 34,397 |
| Purchases of available-for-sale securities | (145,771) | (189,394) |
| Proceeds from the maturity or call of held-to-maturity securities | 58,549 | 28,176 |
| Purchases of held-to-maturity securities | (77,054) | — |
| Redemption of restricted investment in bank stock | 25,774 | 10,016 |
| Purchases of restricted investment in bank stock | (30,003) | (9,292) |
| Net cash received from acquisitions | 162,828 | 218,120 |
| Net (increase)/decrease in loans | (195,007) | 15,880 |
| Purchases of bank premises and equipment | (4,588) | (6,429) |
| Proceeds from the sale of premises and equipment | — | 120 |
| Proceeds from the sale of foreclosed assets | 208 | 72 |
| Proceeds from bank-owned life insurance | 2,023 | 804 |
| Net change in investments in tax credits and other partnerships | 1,772 | 1,688 |
| Net Cash (Used in)/Provided by Investing Activities | $(134,976) | $104,158 |
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)(CONTINUED)
| Financing Activities: | ||
|---|---|---|
| Net increase in deposits | 133,477 | 33,033 |
| Common stock dividends paid | (17,690) | (13,078) |
| Proceeds from Employee and Director Stock Purchase Plan stock issuance | 550 | 479 |
| Treasury stock purchased | (2,710) | (2,004) |
| Net change in finance lease liability | (113) | (109) |
| Proceeds from short-term borrowings | 1,172,567 | 222,750 |
| Repayment of short-term borrowings | (1,125,400) | (224,750) |
| Long-term debt repayment | (20,218) | (236) |
| Subordinated debt redemption | — | (8,130) |
| Cash paid in lieu of fractional shares | — | (7) |
| Net Cash Provided by Financing Activities | 140,463 | 7,948 |
| Net increase in cash and cash equivalents | 70,190 | 186,605 |
| Cash and cash equivalents, beginning of period | 98,918 | 70,564 |
| Cash and cash equivalents, end of period | $169,108 | $257,169 |
| Supplemental Disclosures of Cash Flow Information: | ||
| Cash paid for interest | $90,948 | $91,310 |
| Cash paid for income taxes | 758 | 399 |
| Supplemental Noncash Disclosures: | ||
| Recognition of operating lease right-of-use assets | $(27) | $3,780 |
| Recognition of operating lease liabilities | (27) | 3,780 |
| Loans transferred to foreclosed assets held-for-sale | 3,658 | 9,817 |
| Common Stock issued to Cumberland Advisors and 1st Colonial Shareholders | 2,238 | — |
| Fair value of assets acquired in business combination, excluding cash (1)(2) | $756,794 | $687,522 |
| Goodwill recorded (1)(2) | 20,391 | 8,460 |
| Fair value of liabilities assumed in business combination (1)(2) | 753,509 | 630,181 |
| Fair value of shares issued in business combination (1)(2) | 71,853 | 103,213 |
(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.
(2)Includes the impact of the William Penn acquisition on April 30, 2025 and the Charis Insurance Group acquisition on May 12, 2025. See "Note 2 - Business Combinations" to the Consolidated Financial Statements for more information.
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