v3.26.1
Fair Value Measurements (Tables)
 6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis
The following tables illustrate the assets and liabilities measured at fair value on a recurring basis and reported on the Consolidated Balance Sheets.
June 30, 2026
(In thousands)Level 1Level 2Level 3Total
Available-for-sale securities:
U.S. Treasury and U.S. government agencies$— $16,834 $— $16,834 
Mortgage-backed U.S. government agencies— 429,998 — 429,998 
State and political subdivision obligations— 3,790 — 3,790 
Corporate debt securities— 49,151 — 49,151 
Equity securities5,387 — — 5,387 
Loans held-for-sale— 16,595 — 16,595 
Other assets:
Derivative assets— 9,115 — 9,115 
Other liabilities:
Derivative liabilities— 7,565 7,565 
December 31, 2025
(In thousands)Level 1Level 2Level 3Total
Available-for-sale securities:
U.S. Treasury and U.S. government agencies$— $19,066 $— $19,066 
Mortgage-backed U.S. government agencies— 353,397 — 353,397 
State and political subdivision obligations— 3,834 — 3,834 
Corporate debt securities— 40,017 — 40,017 
Equity securities5,446 — — 5,446 
Loans held-for-sale— 3,668 — 3,668 
Other assets:
Derivative assets— 9,007 — 9,007 
Other liabilities:
Derivative liabilities— 8,796 — 8,796 
Schedule of Fair Value Measurements, Nonrecurring
The following table illustrates financial instruments measured at fair value on a nonrecurring basis:
June 30, 2026
(In thousands)Level 1Level 2Level 3Total
Individually evaluated loans, net of ACL$— $— $24,134 $24,134 
Foreclosed assets held-for-sale— — 8,390 8,390 
December 31, 2025
(In thousands)Level 1Level 2Level 3Total
Individually evaluated loans, net of ACL$— $— $20,903 $20,903 
Foreclosed assets held-for-sale— — 7,806 7,806 
The following table presents additional information about the valuation techniques for level 3 assets measured at fair value on a nonrecurring basis:
June 30, 2026
(Dollars in thousands)Fair ValueValuation TechniqueSignificant Unobservable InputRange of InputsWeighted Average
Individually evaluated loans, net of ACL$24,134 Appraisal of collateralAppraisal adjustments0%-100%61.5%
Foreclosed assets held for sale8,390 Appraisal of collateralAppraisal adjustments18%-100%43.0%
December 31, 2025
(Dollars in thousands)Fair ValueValuation TechniqueSignificant Unobservable InputRange of InputsWeighted Average
Individually evaluated loans, net of ACL$20,903 Appraisal of collateralAppraisal adjustments8%-100%44.9%
Foreclosed assets held for sale7,806 Appraisal of collateralAppraisal adjustments23%-100%39.8%
Schedule of Fair Value, by Balance Sheet Grouping
The following tables present the carrying amount, fair value, and placement in the fair value hierarchy of Mid Penn's financial instruments as of the periods presented:
June 30, 2026
Carrying
Amount		Estimated Fair Value
(In thousands)Level 1Level 2Level 3Total
Financial instruments - assets
 Cash and cash equivalents $86,646 $86,646 $— $— $86,646 
 Available-for-sale securities499,773 — 499,773 — 499,773 
Held-to-maturity securities372,866 — 346,306 — 346,306 
 Equity securities5,387 5,387 — — 5,387 
 Loans held-for-sale16,595 — 16,595 — 16,595 
Net loans 5,575,529 — — 5,505,422 5,505,422 
 Restricted investment in bank stocks15,720 15,720 — 15,720 
 Accrued interest receivable (2)
33,391 188 4,666 28,538 33,391 
 Derivative assets 9,115 — 9,115 — 9,115 
Financial instruments - liabilities
Deposits$5,953,297 $— $5,950,466 $— $5,950,466 
Short-term borrowings137,500 — 137,500 — 137,500 
Long-term debt (1)
60 — 60 — 60 
Subordinated debt— — — — — 
 Accrued interest payable12,175 — 12,175 — 12,175 
 Derivative liabilities7,565 — 7,565 — 7,565 
(1)Long-term debt excludes finance lease obligations.
(2)Level 1 accrued interest receivable consists primarily of other short-term receivables for which carrying value approximates fair value.
December 31, 2025
Estimated Fair Value
(In thousands)Carrying
Amount		Level 1Level 2Level 3Total
Financial instruments - assets
Cash and cash equivalents$98,918 $98,918 $— $— $98,918 
Available-for-sale securities416,314 — 416,314 — 416,314 
 Held-to-maturity securities347,285 — 321,702 — 321,702 
   Equity securities5,446 5,446 — — 5,446 
 Loans held-for-sale3,668 — 3,668 — 3,668 
Net loans 4,826,747 — — 4,866,731 4,866,731 
 Restricted investment in bank stocks7,576 7,576 — 7,576 
 Accrued interest receivable (2)
29,640 127 3,776 25,737 29,640 
 Derivative assets9,007 — 9,007 — 9,007 
Financial instruments - liabilities
Deposits$5,214,663 $— $5,218,656 $— $5,218,656 
Short-term borrowings20,833 — 20,833 — 20,833 
Long-term debt (1)
20,222 — 20,223 — 20,223 
Subordinated debt— — — — — 
 Accrued interest payable10,942 — 10,942 — 10,942 
 Derivative liabilities8,796 — 8,796 — 8,796 
(1)Long-term debt excludes finance lease obligations.
(2)Level 1 accrued interest receivable consists primarily of other short-term receivables for which carrying value approximates fair value.