MID PENN BANCORP INC, 10-K filed on 3/12/2026
Annual Report
v3.25.4
Cover - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Feb. 28, 2026
Jun. 30, 2025
Cover [Abstract]      
Document Type 10-K    
Document Annual Report true    
Document Period End Date Dec. 31, 2025    
Current Fiscal Year End Date --12-31    
Document Transition Report false    
Entity File Number 1-13677    
Entity Registrant Name MID PENN BANCORP, INC.    
Entity Incorporation, State or Country Code PA    
Entity Tax Identification Number 25-1666413    
Entity Address, Address Line One 2407 Park Drive    
Entity Address, City or Town Harrisburg    
Entity Address, State or Province PA    
Entity Address, Postal Zip Code 17110    
City Area Code 1.866    
Local Phone Number 642.7736    
Title of 12(b) Security Common Stock, $1.00 par value per share    
Trading Symbol MPB    
Security Exchange Name NASDAQ    
Entity Well-known Seasoned Issuer No    
Entity Voluntary Filers No    
Entity Current Reporting Status Yes    
Entity Interactive Data Current Yes    
Entity Filer Category Accelerated Filer    
Entity Emerging Growth Company false    
Entity Small Business false    
ICFR Auditor Attestation Flag true    
Document Financial Statement Error Correction false    
Entity Shell Company false    
Entity Public Float     $ 604.5
Entity Common Stock, Shares Outstanding   23,176,156  
Documents Incorporated by Reference
DOCUMENTS INCORPORATED BY REFERENCE
Portions of the definitive proxy statement of the Registrant for the 2026 Annual Meeting of Shareholders are incorporated by reference in Part III.
    
Entity Central Index Key 0000879635    
Document Fiscal Period Focus FY    
Amendment Flag false    
Document Fiscal Year Focus 2025    
v3.25.4
Audit Information
 12 Months Ended
Dec. 31, 2025
Audit Information [Abstract]  
Auditor Firm ID 49
Auditor Name RSM US LLP
Auditor Location Philadelphia, PA USA
v3.25.4
Consolidated Balance Sheets - USD ($)
Dec. 31, 2025
Dec. 31, 2024
ASSETS    
Cash and due from banks $ 46,695,000 $ 37,002,000
Interest-bearing balances with other financial institutions 29,178,000 14,490,000
Federal funds sold 23,045,000 19,072,000
Total Cash and cash equivalents 98,918,000 70,564,000
Investment securities:    
Held-to-maturity, at amortized cost (fair value $321,702 and $340,648) 347,285,000 382,447,000
AFS, at fair value (amortized cost $426,512 and $284,770) 416,314,000 260,477,000
Equity securities, at fair value 5,446,000 428,000
Loans held-for-sale, at fair value 3,668,000 7,064,000
Loans, net of unearned income 4,862,838,000 4,443,070,000
Less: ACL - Loans (36,091,000) (35,514,000)
Net loans 4,826,747,000 4,407,556,000
Premises and equipment, net 48,742,000 38,806,000
Operating lease right-of-use asset 15,169,000 7,699,000
Finance lease right-of-use asset 2,368,000 2,548,000
Cash surrender value of life insurance 95,351,000 51,521,000
Restricted investment in bank stocks 7,576,000 7,461,000
Accrued interest receivable 29,640,000 26,846,000
Deferred income taxes 21,416,000 22,747,000
Goodwill 136,620,000 128,160,000
Core deposit and other intangibles, net 14,657,000 6,242,000
Foreclosed assets held-for-sale 7,806,000 44,000
Other assets 56,173,000 50,326,000
Total Assets 6,133,896,000 5,470,936,000
Deposits:    
Noninterest-bearing demand 834,013,000 759,169,000
Interest-bearing demand deposits 2,829,175,000 2,330,100,000
Time 1,551,475,000 1,600,658,000
Total Deposits 5,214,663,000 4,689,927,000
Short-term borrowings 20,833,000 2,000,000
Long-term debt 23,139,000 23,603,000
Subordinated debt and trust preferred securities 0 45,741,000
Operating lease liability 15,405,000 8,092,000
Accrued interest payable 10,942,000 13,484,000
Other liabilities 34,856,000 33,071,000
Total Liabilities 5,319,838,000 4,815,918,000
Shareholders' Equity:    
Common stock, par value $1.00 per share; 40,000,000 shares authorized; 23,567,094 issued as of December 31, 2025, and 19,796,519 as of December 31, 2024; 23,047,203 outstanding as of December 31, 2025, and 19,355,797 as of December 31, 2024 23,567,000 19,797,000
Additional paid-in capital 589,421,000 480,491,000
Retained earnings 219,685,000 181,597,000
Accumulated other comprehensive loss (6,323,000) (16,825,000)
Treasury stock, at cost; 519,891 and 440,722 shares as of December 31, 2025 and December 31, 2024 (12,292,000) (10,042,000)
Total Shareholders’ Equity 814,058,000 655,018,000
Total Liabilities and Shareholders' Equity $ 6,133,896,000 $ 5,470,936,000
v3.25.4
Consolidated Balance Sheets (Parenthetical) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Statement of Financial Position [Abstract]    
Held-to-maturity securities $ 321,702 $ 340,648
Available-for-sale, amortized cost $ 426,512 $ 284,770
Common stock, par value (in dollars per share) $ 1.00 $ 1.00
Common stock, authorized (in shares) 40,000,000 40,000,000
Common stock, issued (in shares) 23,567,094 19,796,519
Common stock, outstanding (in shares) 23,047,203 19,355,797
Treasury stock (in shares) 519,891 440,722
v3.25.4
Consolidated Statements of Income - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
INTEREST INCOME      
Loans, including fees $ 292,184 $ 265,522 $ 218,060
Investment securities:      
Taxable 22,301 16,542 16,005
Tax-exempt 1,343 1,464 1,540
Other interest-bearing balances 611 1,127 361
Federal funds sold 7,331 1,928 373
Total Interest Income 323,770 286,583 236,339
INTEREST EXPENSE      
Deposits 121,806 116,320 79,295
Short-term borrowings 381 10,575 7,087
Long-term and subordinated debt 2,488 3,017 2,984
Total Interest Expense 124,675 129,912 89,366
Net Interest Income 199,095 156,671 146,973
Provision for credit losses - loans 1,598 2,144 3,295
(Benefit)/provision for credit losses - credit commitments (301) (628) 404
Provision for credit losses 1,297 1,516 3,699
Net Interest Income After Provision for Credit Losses 197,798 155,155 143,274
NONINTEREST INCOME      
Net gain on sales of SBA loans 220 347 571
Earnings from cash surrender value of life insurance 1,979 1,141 1,112
Net gain on sales of investment activities 10 0 0
Other 10,047 7,812 5,627
Noninterest Income 26,842 22,493 20,008
NONINTEREST EXPENSE      
Salaries and employee benefits 78,029 64,098 59,345
Software licensing and utilization 12,562 9,300 7,927
Occupancy, net 9,905 7,571 7,349
Equipment 5,025 4,928 5,121
Shares tax 2,776 2,350 2,713
Legal and professional fees 3,881 4,306 2,945
ATM/card processing 2,682 2,284 2,108
Intangible amortization 3,046 1,784 1,780
FDIC Assessment 3,452 4,170 3,500
Loss/(gain) on sale of foreclosed assets, net 646 80 (144)
Merger and acquisition 11,519 545 5,544
Post-acquisition restructuring 0 0 2,952
Other 18,747 16,200 17,448
Total Noninterest Expense 152,270 117,616 118,588
INCOME BEFORE PROVISION FOR INCOME TAXES 72,370 60,032 44,694
Provision for income taxes 16,122 10,595 7,297
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS $ 56,248 $ 49,437 $ 37,397
PER COMMON SHARE DATA:      
Basic Earnings Per Common Share (in dollars per share) $ 2.59 $ 2.90 $ 2.29
Diluted Earnings Per Common Share (in dollars per share) $ 2.55 $ 2.90 $ 2.29
Weighted-average basic shares outstanding (in shares) 21,757,060 17,026,240 16,319,006
Weighted-average diluted shares outstanding (in shares) 22,022,475 17,070,862 16,350,963
Fiduciary and wealth management      
NONINTEREST INCOME      
Non-interest Income $ 5,298 $ 4,680 $ 5,059
ATM debit card interchange      
NONINTEREST INCOME      
Non-interest Income 3,949 3,851 4,019
Service charges on deposits      
NONINTEREST INCOME      
Non-interest Income 2,495 2,176 1,943
Mortgage banking      
NONINTEREST INCOME      
Non-interest Income 2,832 2,476 1,353
Mortgage hedging      
NONINTEREST INCOME      
Non-interest Income $ 12 $ 10 $ 324
v3.25.4
Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Statement of Comprehensive Income [Abstract]      
Net income available to common shareholders $ 56,248 $ 49,437 $ 37,397
Other comprehensive income:      
Unrealized gains/(losses) arising during the period on available-for-sale securities, net of income tax. 11,918 (1,550) 1,988
Unrealized holding losses/(gains) arising during the period on interest rate derivatives used in cash flow hedges, net of income tax. (1,676) 665 820
Change in defined benefit plans, net of income tax [1] 308 723 (212)
Reclassification adjustment for settlement gains and activity related to benefit plans, net of income tax [2] (48) (26) (17)
Total other comprehensive income/(loss) 10,502 (188) 2,579
Total comprehensive income $ 66,750 $ 49,249 $ 39,976
[1] The change in defined benefit plans consists primarily of unrecognized actuarial gains (losses) 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.
v3.25.4
Consolidated Statements of Changes In Shareholders' Equity - USD ($)
$ in Thousands
Total
Cumulative Effect, Period of Adoption, Adjustment
 [1]
Common Stock
Common Stock
Additional Paid-in Capital
Retained Earnings
Retained Earnings
Cumulative Effect, Period of Adoption, Adjustment
 [1]
Accumulated Other Comprehensive (Loss) Income
Treasury Stock
Beginning balance (in shares) at Dec. 31, 2022     16,094,486            
Beginning balance at Dec. 31, 2022 $ 512,099 $ (11,548) $ 16,094   $ 386,987 $ 133,114 $ (11,548) $ (19,216) $ (4,880)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income available to common shareholders 37,397         37,397      
Total other comprehensive (loss) income, net of taxes 2,579             2,579  
Common stock cash dividends declared (12,981)         (12,981)      
Common stock issued to shareholders in acquisition (in shares) [2]     849,510            
Common stock issued to shareholders in acquisition [2] 18,095   $ 850   17,245        
Repurchased stock (4,876)       (37)       (4,839)
Employee Stock Purchase Plan (in shares)     13,459            
Employee Stock Purchase Plan 303   $ 13   290        
Director Stock Purchase Plan (in shares)     7,884            
Director Stock Purchase Plan 179   $ 8   171        
Restricted stock activity (in shares)     33,590            
Restricted stock activity 1,103     $ 34 1,069        
Ending balance (in shares) at Dec. 31, 2023     16,998,929            
Ending balance at Dec. 31, 2023 542,350   $ 16,999   405,725 145,982   (16,637) (9,719)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income available to common shareholders 49,437         49,437      
Total other comprehensive (loss) income, net of taxes (188)             (188)  
Common stock cash dividends declared (13,822)         (13,822)      
Common stock issued to shareholders in acquisition (in shares) [3]     2,731,250            
Common stock issued to shareholders in acquisition [3] 75,956   $ 2,731   73,225        
Repurchased stock [4] (323)               (323)
Employee Stock Purchase Plan (in shares)     19,829            
Employee Stock Purchase Plan 438   $ 20   418        
Director Stock Purchase Plan (in shares)     5,072            
Director Stock Purchase Plan 123   $ 5   118        
Restricted stock activity (in shares)     41,439            
Restricted stock activity $ 1,047     42 1,005        
Ending balance (in shares) at Dec. 31, 2024 19,355,797   19,796,519            
Ending balance at Dec. 31, 2024 $ 655,018   $ 19,797   480,491 181,597   (16,825) (10,042)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income available to common shareholders 56,248         56,248      
Total other comprehensive (loss) income, net of taxes 10,502             10,502  
Common stock cash dividends declared (18,160)         (18,160)      
Common stock issued to shareholders in acquisition (in shares) [5]     3,506,795            
Common stock issued to shareholders in acquisition [5] 103,206   $ 3,507   99,699        
Stock options exercised (in shares)     147,946            
Stock options exercised 6,876   $ 148   6,728        
Repurchased stock [4] (2,250)               (2,250)
Employee Stock Purchase Plan (in shares)     19,008            
Employee Stock Purchase Plan 516   $ 19   497        
Director Stock Purchase Plan (in shares)     3,600            
Director Stock Purchase Plan 103   $ 4   99        
Restricted stock activity (in shares)     93,226            
Restricted stock activity $ 1,999     $ 92 1,907        
Ending balance (in shares) at Dec. 31, 2025 23,047,203   23,567,094            
Ending balance at Dec. 31, 2025 $ 814,058   $ 23,567   $ 589,421 $ 219,685   $ (6,323) $ (12,292)
[1] The Corporation adopted ASC 326, Financial Instruments - Credit Losses, effective January 1, 2023. See "Note 1 - Summary of Significant Accounting Policies" for further details.
[2] Shares issued as a result of the acquisition of Brunswick Bancorp ("Brunswick").
[3] Shares issued as a result of the underwritten public offering of 2,375,000 shares of common stock at a price of $29.50 per share on November 4, 2024.
[4] Includes tax effects of repurchased stock.
[5] Shares issued on April 30, 2025 as a result of the William Penn Acquisition. See "Note 2 - Business Combinations" to the Consolidated Financial Statements for more information.
v3.25.4
Consolidated Statements of Changes In Shareholders' Equity (Parenthetical) - $ / shares
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Statement of Stockholders' Equity [Abstract]        
Common stock cash dividends declared (in dollars per share) $ 0.84 $ 0.80 $ 0.80  
Repurchased stock (in shares) 79,169 15,500 216,879  
Accounting Standards Update [Extensible Enumeration]       Accounting Standards Update 2016-13 [Member]
v3.25.4
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 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) 0
Loss/(gain) on sale of foreclosed assets, net 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 0 0 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) 0
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 0
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 0 (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 0 75,956 0
Treasury stock purchased (2,250) (323) (4,876)
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 0 0 25,000
Subordinated debt redemption (45,280) 0 (10,000)
Exercise of stock options 6,876 0 0
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 0 345,043
Fair value of shares issued in business combination [2] $ 103,213 $ 0 $ 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.
v3.25.4
Summary of Significant Accounting Policies
 12 Months Ended
Dec. 31, 2025
Accounting Policies [Abstract]  
Summary of Significant Accounting Policies Summary of Significant Accounting Policies
Nature of Operations
Mid Penn Bancorp, Inc. ("Mid Penn" or the "Corporation"), through operations conducted by Mid Penn Bank (the "Bank") and its nonbank subsidiaries, engages in a full-service commercial banking and trust business, making available to the community a wide range of financial services, including, but not limited to, mortgage and home equity loans, secured and unsecured commercial and consumer loans, lines of credit, construction financing, farm loans, community development loans, loans to non-profit entities and local government loans, and various types of time and demand deposits including but not limited to, checking accounts, savings accounts, clubs, money market deposit accounts, certificates of deposit, and Individual Retirement Accounts ("IRA"). In addition, the Bank provides a full range of trust and wealth management services through its Trust Department. Deposits are insured by the Federal Deposit Insurance Corporation ("FDIC") to the extent provided by law.
Mid Penn also fulfills the insurance needs of both existing and potential customers through MPB Risk Services, LLC, doing business as MPB Insurance and Risk Management.
The financial services are provided to individuals, partnerships, non-profit organizations, and corporations through its retail banking offices located throughout Pennsylvania, with a minor portion in New Jersey.
Basis of Presentation
For all periods presented, the accompanying Consolidated Financial Statements include the accounts of Mid Penn Bancorp, Inc., its wholly-owned subsidiary, Mid Penn Bank, and six wholly-owned nonbank subsidiaries, MPB Acquisition Sub I, LLC, which was formed in connection with the acquisition of Cumberland Advisors, LLC. See "Subsequent Events" for additional information, MPB Realty, LLC, MPB Financial Services, LLC, which includes MPB Wealth Management, LLC (which ceased operating during the first quarter of 2024) and MPB Risk Services, LLC, and MPB Launchpad Fund I, LLC. As of December 31, 2025, the accounts and activities of these nonbank subsidiaries were not material to warrant separate disclosure or segment reporting. As a result, Mid Penn has only one reportable segment for financial reporting purposes. All material intercompany accounts and transactions have been eliminated in consolidation.
For comparative purposes, the December 31, 2024 and December 31, 2023 balances have been reclassified, when necessary, to conform to the 2025 presentation. Such reclassifications had no impact on net income or total shareholders’ equity. In the opinion of management, all adjustments necessary for fair presentation of the periods presented have been reflected in the accompanying consolidated financial statements. All such adjustments are of a normal, recurring nature. The presentation of short-term borrowings within cash flows from financing activities in the consolidated statements of cash flows has been revised from a net presentation to a gross presentation of proceeds from short-term borrowings and repayments of short-term borrowings. Prior period amounts have been reclassified to conform to the current period presentation. This reclassification had no impact on previously reported net cash flows provided by financing activities.
Subsequent Events
Mid Penn has evaluated events and transactions occurring subsequent to the balance sheet date of December 31, 2025 for items that should potentially be recognized or disclosed in these consolidated financial statements. The evaluation was conducted through the issuance date of these consolidated financial statements. There were no events or transactions that occurred subsequent to the balance sheet date that would require adjustment to the financial statements.
On January 1, 2026, Mid Penn completed its acquisition of Cumberland Advisors, Inc., a registered investment advisory firm with clients both nationally and internationally. As a result of the acquisition, Mid Penn paid holders of Cumberland Advisors, Inc. common stock $1.6 million in cash and issued approximately 127,020 shares of Mid Penn common stock. As of December 31, 2025, Cumberland had approximately $3.2 billion in assets under management. In connection with the acquisition, Cumberland was merged into a newly formed Mid Penn acquisition subsidiary and now operates as Cumberland Advisors, LLC.
On February 27, 2026, Mid Penn completed its acquisition of 1st Colonial. At the effective time of the Merger, 1st Colonial merged with and into Mid Penn with Mid Penn surviving the Merger. Promptly following the Merger, 1st Colonial Community Bank, 1st Colonial's wholly owned bank subsidiary, merged with and into the Bank with the Bank surviving.
The accounting and reporting policies of Mid Penn conform with accounting principles generally accepted in the United States ("GAAP") and to general practice within the financial services industry. Following is a description of the more significant accounting policies.
Use of Estimates
The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could materially differ from those estimates.
Material estimates subject to significant change include the allowance for credit losses, expected cash flows and collateral values associated with individually evaluated loans, the carrying value of other real estate owned ("OREO"), the fair value of financial instruments, business combination fair value computations, the valuation of goodwill and other intangible assets, stock-based compensation and deferred income tax assets.
Business Combinations
Business combinations are accounted for using the acquisition method of accounting in accordance with ASC 805, Business Combinations. Under this method, the Company recognizes the identifiable assets acquired and liabilities assumed at their estimated fair values as of the acquisition date.
The determination of the fair values of assets acquired and liabilities assumed requires management to make significant estimates and assumptions. Fair values are generally determined using discounted cash flow methodologies and other valuation techniques that incorporate projected cash flows, estimated credit losses, prepayment assumptions, market interest rates, and other market-based inputs. Projected cash flows are developed using contractual terms adjusted for expected prepayments and credit losses, and are discounted using rates that reflect current market conditions and the risk characteristics of the assets or liabilities. Management may engage independent third-party valuation specialists to assist in determining certain fair values.
The excess of the purchase price over the estimated fair value of the net assets acquired is recorded as goodwill. If the fair value of the identifiable net assets acquired exceeds the purchase price, the excess is recognized as a bargain purchase gain in earnings on the acquisition date.
Acquisition-related costs, such as legal and advisory fees, are expensed as incurred.
Measurement period adjustments are recorded in the reporting period in which the amounts are determined, if identified within one year of the acquisition date, as permitted by ASC 805.
Significant Group of Concentrations of Credit Risk
Most of the Corporation’s activities are with customers located within Pennsylvania, with a minor portion also occurring in New Jersey. "Note 3 - Investment Securities" discusses the types of investment securities in which the Corporation invests. "Note 4 - Loans and Allowance for Credit Losses - Loans" discusses the types of lending that the Corporation engages in as well as loan concentrations. The Corporation does not have a significant concentration of credit risk with any one customer.
Fair Value Measurements
The Corporation uses estimates of fair value in applying various accounting standards for its consolidated financial statements on either a recurring or nonrecurring basis. Fair value is defined as the price that would be received to sell an asset or transfer a liability in an orderly transaction between willing and able market participants. The Corporation groups its assets and liabilities measured at fair value in three hierarchy levels, based on the observability and transparency of the inputs.
In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, the level in the fair value hierarchy within which the fair value measurement in its entirety falls has been determined based on the lowest level input that is significant to the fair value measurement in its entirety. It is the Corporation’s policy to maximize the use of observable inputs and minimize the use of unobservable inputs in estimating fair value. Unobservable inputs are utilized in determining fair value estimates only to the extent that observable inputs are not available. The need to use unobservable inputs generally results from a lack of market liquidity and trading volume. Transfers between levels of fair value hierarchy are recorded at the end of the reporting period.
Cash and Cash Equivalents
For purposes of the Consolidated Statements of Cash Flows, cash and cash equivalents include cash on hand, balances due from banks, and federal funds sold, all of which mature within ninety days.
Restrictions on Cash and Due from Bank Accounts
The Bank is required by banking regulations to maintain certain minimum cash reserves. As of both December 31, 2025 and 2024, there was no cash reserve balances required to be maintained at the Federal Reserve Bank of Philadelphia because the Bank had sufficient vault cash available.
Debt Investment Securities
Mid Penn determines the classification of investment securities at the time of purchase. If Mid Penn has the intent and the ability at the time of purchase to hold debt securities until maturity, they are classified as held-to-maturity ("HTM"). HTM investment securities are stated at amortized cost. Debt securities Mid Penn does not intend to hold to maturity are classified as available-for-sale ("AFS") and carried at estimated fair value with unrealized gains or losses reported as a separate component of stockholders’ equity in accumulated other comprehensive income (loss), net of applicable income taxes. Available-for-sale securities are a part of Mid Penn’s asset/liability management strategy and may be sold in response to changes in interest rates, prepayment risk or other market factors. Management has elected to reclassify realized gains and losses out of accumulated other comprehensive income into earnings when securities are sold on the trade date.
Interest income and dividends on securities are recognized in interest income on an accrual basis. Premiums and discounts on debt securities are amortized as an adjustment to interest income over the period to maturity of the related security using the effective interest method. Realized gains or losses on the sale of securities are determined using the specific identification method.
Mid Penn estimates its allowance for credit losses in accordance with ASC 326, which requires entities to measure expected credit losses over the contractual life of financial assets carried at amortized cost, including HTM securities, as well as certain off-balance sheet credit exposures. ASC 326 also provides a targeted impairment model for AFS debt securities.
To comply with ASC 326, Mid Penn conducted a review of its investment portfolio and determined that for certain classes of securities it would be appropriate to assume the expected credit loss to be zero. This zero-credit loss assumption applies to debt issuances of the U.S. Treasury and agencies and instrumentalities of the United States government. The reasons behind the adoption of the zero-credit loss assumption are as follows:
•High credit rating
•Long history with no credit losses
•Guaranteed by a sovereign entity
•Widely recognized as a "risk-free rate"
•Can print its own currency
•Currency is routinely held by central banks, used in international commerce, and commonly viewed as reserve currency
•Issued or supported by entities with explicit or implicit U.S. government backing
Mid Penn continuously monitors changes in economic conditions, credit ratings, and government guarantees, as well as any other relevant factors that could indicate potential credit deterioration and prompt Mid Penn to reconsider its zero-credit loss assumption.
Mid Penn’s estimated allowance for credit losses on AFS and HTM securities under ASC 326 was deemed immaterial due to the composition of these portfolios. Both portfolios consist primarily of U.S. government agency guaranteed mortgage-backed securities for which the risk of loss is minimal.
AFS Securities
On a quarterly basis, Mid Penn evaluates whether any AFS security has a fair value less than its amortized cost. Once these securities are identified, to determine whether a decline in fair value resulted from a credit loss or other factors, Mid Penn performs further analysis as outlined below:
•Review the extent to which the fair value is less than the amortized cost and consider the security’s lowest credit rating as reported by third-party credit ratings agencies.
•Securities that exceed the credit loss triggers above are subject to additional analysis, which may include, but is not limited to, changes in market interest rates, changes in credit ratings, security type, service area economic conditions, the financial performance of the issuer and/or obligor, and third-party guarantees.
•If Mid Penn determines that a credit loss exists, the credit loss component of the allowance is measured using a DCF analysis based on the effective interest rate as of the security’s purchase date. The amount of credit loss Mid Penn records will be limited to the amount by which the amortized cost exceeds the fair value.
The DCF analysis utilizes contractual maturities, as well as third-party credit ratings and cumulative default rates published annually by a reputable third-party.
As of December 31, 2025, the results of the analysis did not identify any securities that violate the credit loss triggers; therefore, no DCF analysis was performed, and no credit loss was recognized on any of the securities available for sale.
Accrued interest receivable is excluded from the estimate of credit losses for AFS securities. As of December 31, 2025, accrued interest receivable totaled $1.8 million for AFS securities and was reported in accrued interest receivable on the accompanying Consolidated Balance Sheet.
HTM Securities
As discussed above, ASC 326 requires institutions to measure expected credit losses on financial assets carried at amortized cost on a collective or pool basis when similar risks exist. Mid Penn uses several levels of segmentation to measure expected credit losses:
•The portfolio is segmented into agency and non-agency securities.
•The non-agency securities are separated into state and political subdivision obligations and corporate debt securities.
Each individual segment is categorized by third-party credit ratings.
As discussed above, Mid Penn has determined that, for certain classes of securities, it is appropriate to assume expected credit losses of zero, including debt issuances of the U.S. Treasury and agencies and instrumentalities of the United States government. This assumption is reviewed and attested to quarterly.
As of December 31, 2025, Mid Penn’s HTM securities totaled $347.3 million. After applying appropriate probability of default and loss given default assumptions, the total amount of current expected credit losses was deemed immaterial. Accordingly, no allowance for credit losses was recorded on HTM securities as of December 31, 2025.
Accrued interest receivable is excluded from the estimate of credit losses for HTM securities. As of December 31, 2025, accrued interest receivable totaled $1.5 million for HTM securities and was reported in accrued interest receivable on the accompanying Consolidated Balance Sheet.
As of December 31, 2025, Mid Penn had no HTM securities that were past due 30 days or more as to principal or interest payments. Mid Penn had no HTM securities classified as nonaccrual as of December 31, 2025.
Equity Securities
The Corporation reports its equity securities with readily determinable fair values at fair value on the Consolidated Balance Sheet, with realized and unrealized gains and losses reported in other expense on the Consolidated Statements of Income. As of December 31, 2025 and 2024, Mid Penn’s equity securities consisted of Community Reinvestment Act funds totaling $5.4 million and $428 thousand, respectively. No equity securities were sold during the years ended December 31, 2025, 2024 and 2023.
Federal Home Loan Bank ("FHLB") and Atlantic Community Bankers' Bank ("ACBB") Stock
The Bank is a member of the FHLB and the ACBB and is required to maintain an investment in the stock of the FHLB and ACBB. No market exists for these stocks, and the Bank’s investment can be liquidated only through redemption by the FHLB or ACBB, at the discretion of and subject to conditions imposed by the FHLB and ACBB. Historically, FHLB and ACBB stock redemptions have been at cost (par value), which equals the Corporation’s carrying value. The Corporation monitors its investment in FHLB and ACBB stock for impairment through review of recent financial results of the FHLB and ACBB including capital adequacy and liquidity position, dividend payment history, redemption history and information from credit agencies. As of December 31, 2025, Management has not identified any indicators of impairment of its FHLB or ACBB stock. During the years ended December 31, 2025, 2024, and 2023 dividends received from the FHLB totaled $443 thousand, $1.3 million, and $864 thousand, respectively.
Investment in Limited Partnership
Mid Penn owns a limited partnership interest in a low-income housing project to construct thirty-seven apartments and common amenities in Dauphin County, Pennsylvania. The total investment in this limited partnership, net of amortization, was $2.9 million and $3.7 million on December 31, 2025 and December 31, 2024, respectively, and is included in other assets on the Consolidated Balance Sheet. All of the units qualified for Federal Low-Income Housing Tax Credits ("LIHTCs") as provided in Section 42 of the Internal Revenue Code of 1986, as amended. Mid Penn’s limited partner capital contribution commitment was $7.6 million, and the investment was fully funded over a three-year period beginning in 2018 and ending during the first quarter of 2021. The investment is reported in other assets on the Consolidated Balance Sheet and is being amortized over a ten-year period using the proportional amortization method, which began upon commencement of operations of the facility in December 2021. The project was formally awarded $8.5 million in total LIHTCs by the Pennsylvania Housing Finance Agency, which will be recognized over the ten-year period from December 2021 through November 2031. Mid Penn received low-income housing tax credits related to this project of $753 thousand for the tax years ended December 31, 2025, 2024, and 2023, respectively. Mid Penn’s maximum exposure to loss is limited to the carrying value of its investment.
Mid Penn is a limited partner in a partnership that provides low-income housing in Mechanicsburg, Pennsylvania. The total investment in this limited partnership, net of amortization, was $9.0 million and $9.7 million as of December 31, 2025 and December 31, 2024, respectively, and is included in other assets on the Consolidated Balance Sheet. All of the units qualified for LIHTCs as provided in Section 42 of the Internal Revenue Code of 1986, as amended. The investment in the limited partnership is being amortized over a ten-year period using the proportional amortization method which began upon commencement of operations of the facility in December 2023. The project was formally awarded $12.0 million in total LIHTCs by the Pennsylvania Housing Finance Agency, which will be recognized over the ten-year period from December 2023 through November 2033. Mid Penn received low-income housing tax credits related to this project of $773 thousand for the tax year ended December 31, 2025, and $1.1 million for the tax year ended December 31, 2024, Mid Penn’s maximum exposure to loss is limited to the carrying value of its investment.
Mid Penn owns a limited partnership interest in a low-income housing project to construct/rehabilitate seventeen apartments and two commercial shops in Schuylkill County, Pennsylvania. The total investment in this limited partnership, net of amortization, was $2.7 million and $3.1 million on December 31, 2025 and December 31, 2024, respectively, and is included in the other assets on the Consolidated Balance Sheet. All of the units qualified for LIHTCs as provided in Section 42 of the Internal Revenue Code of 1986, as amended. Mid Penn’s limited partner capital contribution commitment was $4.4 million, and the investment was fully funded over a three-year period beginning in 2020 and ending during the first quarter of 2023. The investment in the limited partnership is reported in other assets on the Consolidated Balance Sheet and is being amortized over a 10-year period using the proportional amortization method which began upon commencement of
operations of the facility in 2023. The project was formally awarded $4.8 million in total LIHTCs by the Pennsylvania Housing Finance Agency, which will be recognized over the ten-year period from December 2023 through November 2033. Mid Penn received low-income housing tax credits related to this project of $442 thousand and $484 thousand for the tax years ended December 31, 2025, and 2024, respectively. Mid Penn’s maximum exposure to loss is limited to the carrying value of its investment.
Loans Held-for-Sale
The Corporation has elected to measure mortgage loans held-for-sale at fair value. Derivative financial instruments related to mortgage banking activities are also recorded at fair value, as detailed under the heading "Mortgage Banking Derivative Financial Instruments," below. The Corporation determines fair value for its mortgage loans held-for-sale based on the price that secondary market investors would pay for loans with similar characteristics, including interest rate and term, as of the date fair value is measured. Changes in fair values during the period are recorded as components of mortgage banking income on the Consolidated Statements of Income. Interest income earned on mortgage loans held-for-sale is classified in interest income on the Consolidated Statements of Income.
Loans
Loans that management has the intent and ability to hold for the foreseeable future are reported at their outstanding principal balances, net of an allowance for credit losses, unamortized deferred fees and costs and unamortized premiums or discounts. The net amount of nonrefundable loan origination fees and certain direct costs associated with the lending process are deferred and amortized to interest income over the contractual lives of the loans using methods which approximate the level yield method. Discounts and premiums are amortized or accreted to interest income over the estimated term of the loans using methods that approximate the level yield method. Interest income on loans is accrued based on the unpaid principal balance outstanding and the contractual terms of the loan agreements.
A substantial portion of the loan portfolio is comprised of commercial and real estate loans throughout Pennsylvania with a minor portion in New Jersey. The ability of the Corporation’s debtors to honor their contracts is dependent upon the general economic conditions of these areas.
The loan portfolio is segmented into commercial real estate loans, commercial and industrial loans, construction loans, residential mortgage loans, and consumer loans. Commercial and industrial loans are underwritten after evaluating and understanding the borrower’s ability to repay the loan through operating profitably and effectively growing its business. The Corporation’s management examines current and projected cash flows to determine the ability of the borrower to repay their obligations as agreed. Commercial loans are primarily made based on the credit quality and cash flows of the borrower and secondarily on the underlying collateral provided by the borrower. The cash flows of borrowers, however, may not be as expected and the collateral securing these loans may fluctuate in value. Most commercial loans are secured by the assets being financed or other business assets such as accounts receivable or inventory and may incorporate a personal guarantee to add strength to the credit and reduce the risk on a transaction to an acceptable level; however, some short-term loans may be made on an unsecured basis to the most credit worthy borrowers.
Commercial real estate loans are subject to underwriting standards and processes similar to commercial loans. Commercial real estate lending typically involves higher loan principal amounts, and the repayment of these loans is generally largely dependent on the successful operation of the property securing the loan or the business conducted on the property securing the loan.
With respect to loans to developers and builders, the Corporation generally requires the borrower to have a proven record of success and an expertise in the building industry. Construction loans are underwritten utilizing feasibility studies, independent appraisal reviews, sensitivity analysis of absorption and lease rates and financial analysis of the developers and property owners. Construction loans are generally based upon estimates of costs and value associated with the complete project. These estimates may be inaccurate. Construction loans often involve the disbursement of substantial funds with repayment substantially dependent on the success of the ultimate project.
The Corporation’s non-real estate consumer loans are based on the borrower’s proven earning capacity over the term of the loan. The Corporation monitors payment performance periodically for consumer loans to identify any deterioration in the borrower’s financial strength. To monitor and manage consumer loan risk, policies and procedures are developed and modified, as needed, jointly by management and staff. This activity, coupled with a relatively small volume of consumer loans, helps to mitigate risk.
Acquired Loans
At the purchase or acquisition date, loans are evaluated to determine whether there has been more than insignificant credit deterioration since origination. Loans that have experienced more than insignificant credit deterioration since origination are referred to as purchased credit deteriorated ("PCD") loans. In its evaluation of whether a loan has experienced more than insignificant deterioration in credit quality since origination, Mid Penn takes into consideration loan grades, past due and nonaccrual status. Mid Penn may also consider external credit rating agency ratings for borrowers and for non-commercial loans, FICO score or band, probability of default levels, and number of times past due. At the purchase or acquisition date, the amortized cost basis of PCD loans equals the purchase price plus and an initial estimate of credit losses. The initial recognition of expected credit losses on PCD loans does not impact on net income at the acquisition date. When the initial measurement of expected credit losses on PCD loans is calculated on a pooled loan basis, the expected credit losses are allocated to each loan within the pool based on the relative amortized cost basis. Any difference between the initial amortized cost basis and the unpaid principal balance of the loan represents a noncredit discount or premium, which is accreted (or amortized) into interest income over the life of the loan. Subsequent changes to the ACL on PCD loans are recorded through the provision for credit losses ("PCL"). Loans acquired that do not meet the criteria for PCD are recorded at fair value at the acquisition date. These loans are subsequently evaluated for expected credit losses in accordance with the Corporation's allowance for credit losses methodology, with changes recognized through the provision for credit losses. Any remaining purchase discounts or premiums are accreted (or amortized) over the contractual life of the individual loan.
Loans are charged off against the ACL, with any subsequent recoveries credited back to the ACL account. Expected recoveries may not exceed the aggregate of amounts previously charged off and expected to be charged off.
Loans acquired in the William Penn Acquisition, included in loans, net of unearned interest, on the Consolidated Balance Sheets as of December 31, 2025 totaled $405.3 million. There were no loan acquisitions for the year ended December 31, 2024.
Nonaccrual Loans
The Corporation classifies loans as past due when the payment of principal or interest is 30 days delinquent or greater, based on the contractual next payment due date. The Corporation’s policies related to when loans are placed on nonaccrual status conform to guidelines prescribed by regulatory authorities. Loans are generally placed on nonaccrual status when management determines that principal or interest is not fully collectible, or when principal or interest becomes 90 days past due, whichever occurs first. When loans are placed on nonaccrual status, interest receivable is reversed against interest income in the current period and amortization of any discount ceases. Interest payments received thereafter are applied as a reduction to the remaining principal balance unless management believes that the ultimate collection of the principal is likely, in which case payments are recognized in earnings on a cash basis. Loans are removed from nonaccrual status when they become current as to both principal and interest and the collectability of principal and interest is no longer doubtful.
Generally, a nonaccrual loan that is restructured remains on nonaccrual for a reasonable period of time (generally, at least six consecutive months) to demonstrate the borrower can meet the restructured terms. However, performance prior to the restructuring, or significant events that coincide with the restructuring, are considered in assessing whether the borrower can meet the new terms and may result in the loan being returned to accrual status after a shorter performance period. If the borrower’s ability to meet the revised payment schedule is not reasonably assured, the loan remains classified as a nonaccrual loan.
Modifications to Borrowers Experiencing Financial Difficulty
From time to time, the Corporation may modify certain loans to borrowers experiencing financial difficulty. Such modifications may include principal forgiveness, interest rate reductions, payment deferrals, term extensions, or combinations thereof. Loan modifications to borrowers experiencing financial difficulty are evaluated in accordance with applicable accounting guidance and may result in the recognition of new loans.
Allowance for Credit Losses
Mid Penn’s ACL - loans methodology is based upon guidance within FASB ASC Subtopic 326-20. Management also considers regulatory guidance issued by its primary federal regulator. The ACL - loans is a valuation account that is deducted from the loans’ amortized cost basis to present the net amount expected to be collected on the loans. Credit quality within the loan portfolio is continuously monitored by management and is reflected within the ACL - loans. The
ACL - loans is an estimate of expected losses inherent within Mid Penn’s existing loan portfolio. The ACL - loans is adjusted through the provision for credit losses and reduced by the charge off of loan amounts, net of recoveries.
The loan loss estimation process involves procedures to appropriately consider the unique characteristics of Mid Penn’s loan portfolio segments. When computing allowance levels, credit loss assumptions are estimated using a model that categorizes loan pools based on historical loss experience, delinquency trends and other relevant credit risk characteristics, adjusted for current conditions and reasonable and supportable forecasts. Evaluations of the portfolio and individual credits are inherently subjective, as they require estimates, assumptions and judgments as to the facts and circumstances of particular situations. Determining the appropriateness of the allowance involves significant judgment by management and requires consideration of factors that are inherently uncertain. In future periods, evaluations of the overall loan portfolio, in light of the factors and forecasts then prevailing, may result in significant changes in the allowance and credit loss expense.
Mid Penn estimates the ACL using relevant available information, from internal and external sources, relating to past events, current conditions and reasonable and supportable forecasts. Mid Penn uses a third-party software application to assist in calculating the quantitative portion of the ACL; however, management is responsible for the selection of methodologies, assumptions, and the resulting allowance estimate. The qualitative portion of the allowance is based on general economic conditions and other internal and external factors affecting Mid Penn as a whole, as well as specific loans. Factors considered include the following: lending process, concentrations of credit, and peer group divergence. The quantitative and qualitative portions of the allowance are added together to determine the total ACL, which reflects management’s expectations of future conditions based on reasonable and supportable forecasts.
The methodology for estimating the amount of expected credit losses reported in the ACL has two basic components: a collective, or pooled, component for loans that share similar risk characteristics, and an asset-specific component involving individual loans that do not share risk characteristics with other loans. In estimating the ACL for the collective component, loans are segregated into loan pools based on loan purpose codes and similar risk characteristics.
The commercial real estate and residential mortgage loan portfolio segments include loans for both commercial and residential properties that are secured by real estate. The underwriting process for these loans includes analysis of the financial position and strength of both the borrower and, if applicable, guarantor, experience with similar projects, market demand and prospects for successful completion of the proposed project within the established budget and schedule, values of underlying collateral, availability of permanent financing, maximum loan-to-value ratios, minimum equity requirements, acceptable amortization periods and minimum debt service coverage requirements, based on property type. The borrower’s financial strength and capacity to repay their obligations remain the primary focus of underwriting. Financial strength is evaluated based upon analytical tools that consider historical and projected cash flows and performance, in addition to analysis of the proposed project for income-producing properties. Additional support offered by guarantors is also considered when applicable. Ultimate repayment of these loans is sensitive to interest rate changes, general economic conditions, liquidity and availability of long-term financing.
The commercial and industrial loan portfolio segment includes commercial loans made to many types of businesses for various purposes, such as short-term working capital loans that are usually secured by accounts receivable and inventory, equipment and fixed asset purchases that are secured by those assets, and term financing for those within Mid Penn’s geographic markets. Mid Penn’s credit underwriting process for commercial and industrial loans includes analysis of historical and projected cash flows and performance, evaluation of financial strength of both borrowers and guarantors as reflected in current and detailed financial information, and evaluation of underlying collateral to support the credit.
The consumer loan portfolio segment is comprised of loans which are underwritten after evaluating a borrower’s capacity, credit and collateral. Several factors are considered when assessing a borrower’s capacity, including the borrower’s employment, income, current debt, assets and level of equity in the property. Credit is assessed using a credit report that provides credit scores and the borrower’s current and past information about their credit history. Loan-to-value and debt-to-income ratios, loan amount and lien position are also considered in assessing whether to originate a loan. These borrowers may be more susceptible to downturns in economic trends, including declines in housing prices and increases in unemployment.
Mid Penn utilizes a DCF method to estimate the quantitative portion of the allowance for credit losses for its loan pools. The DCF methodology incorporates historical loss experience, including relevant peer data, adjusted for current conditions and reasonable and supportable forecasts that consider macroeconomic variables such as national unemployment and GDP.
The PD and LGD measures are used in conjunction with prepayment data as inputs into the DCF model to calculate the cash flows at the individual loan level. Contractual cash flows based on loan terms are adjusted for PD, LGD and prepayments to derive loss cash flows. These loss cash flows are discounted by the loan’s effective interest rate to arrive at the discounted cash flow based quantitative loss estimate. The prepayment studies are updated quarterly by a third-party for each applicable pool.
Mid Penn determined that reasonable and supportable forecasts could be developed for a twelve-month period for its loans held-for-investment (LHFI) portfolio. To the extent that the contractual lives of the loans extend beyond this forecast period, Mid Penn applies a reversion period of four quarters and reverts to the historical mean on a straight-line basis over the remaining life of the loans.
Qualitative factors used in the ACL methodology include the following:
•Changes in lending policies, procedures, and underwriting standards
•Changes in portfolio composition and concentrations of credit
•Peer group trends and divergence
The ACL for individual loans, such as nonaccrual and PCD, that do not share risk characteristics with other loans is measured as the difference between the discounted value of expected future cash flows, based on the effective interest rate at origination, and the amortized cost basis of the loan, or the net realizable value. The ACL is the difference between the loan’s net realizable value and its amortized cost basis (net of previous charge-offs and deferred loan fees and costs), except for collateral-dependent loans. A loan is collateral dependent when the borrower is experiencing financial difficulty and repayment of the loan is expected to be provided substantially through the sale of the collateral. The expected credit loss for collateral-dependent loans is measured as the difference between the amortized cost basis of the loan and the fair value of the collateral, adjusted for estimated costs to sell, when repayment is expected to be provided substantially through the sale of the collateral. Fair value estimates for collateral-dependent loans are derived from appraised values based on the current market value or the "as-is" value of the collateral, normally from recently received and reviewed appraisals. Current appraisals are ordered on a regular basis based on the inspection date or more often if market conditions are necessitated. Appraisals are obtained from state-certified appraisers and are based on certain assumptions, which may include construction or development status and the highest and best use of the property. These appraisals are reviewed by Mid Penn’s Appraisal Review Department to ensure they are acceptable, and values are adjusted down for costs associated with asset disposal. If the calculated expected credit loss is determined to be permanent or not recoverable, the amount of the expected credit loss is charged off.
Loans are charged off against the allowance for credit losses on loans, with any subsequent recoveries credited back to the allowance. Expected recoveries may not exceed the aggregate of amounts previously charged off and expected to be charged off.
Premises and Equipment
Land is carried at cost. Buildings, furniture, fixtures, equipment, land improvements, and leasehold improvements are stated at cost less accumulated depreciation. Depreciation is computed by the straight-line method over the estimated useful lives of the assets. Building assets are depreciated using an estimated useful life of five to fifty years. Furniture, fixtures, and equipment are depreciated using an estimated useful life of three to ten years. Land improvements are depreciated over an estimated useful life of ten to twenty years. Leasehold improvements are depreciated using an estimated useful life that is the lesser of the remaining life of the lease or ten to fifteen years. Maintenance and normal repairs are charged to expense when incurred, while major additions and improvements are capitalized. Gains and losses on disposals are reflected in current operations.
The Corporation reviews the carrying value of long-lived assets and certain identifiable intangibles for impairment whenever events and changes in circumstances indicate that the carrying amount of an asset may not be recoverable, as prescribed by ASC Topic 360, "Accounting for the Impairment or Disposal of Long-Lived Assets".
Bank Premises and Equipment Held-For-Sale
Bank premises and equipment designated as held-for-sale are included in Other Assets on the Balance Sheet and are carried at the lower of cost or market value, and totaled $475 thousand and $702 thousand as of December 31, 2025 and 2024,
respectively. The $228 thousand decrease in balance as of December 31, 2025 related to the writedown of one property in 2025. As of December 31, 2025, one property remained for sale.
Foreclosed Assets Held-for-Sale
Real estate properties acquired through, or in lieu of, loan foreclosure are initially recorded at their fair value less estimated disposition costs. When such assets are acquired, any shortfall between the loan carrying value and the estimated fair value of the underlying collateral less disposition costs is recorded as an adjustment to the allowance for loan losses while any excess is recognized in income. The Corporation periodically performs a valuation of the property held; any excess of carrying value over fair value less disposition costs is charged to earnings as impairment. Routine maintenance and real estate taxes are expensed as incurred.
Bank-Owned Life Insurance ("BOLI")
Mid Penn is the owner and beneficiary of BOLI policies on current and former Mid Penn directors, as well as BOLI policies acquired through the Phoenix, First Priority, Riverview, Brunswick, and William Penn acquisitions covering certain former Miners Bank, First Priority, Riverview, Brunswick, and William Penn employees. These policies are recorded at the amount that can be realized under the insurance contract at the balance sheet date, which is the cash surrender value adjusted for other charges or other amounts due that are probable at settlement, if applicable. Increases in the cash surrender value of these policies are included in noninterest income in the Consolidated Statements of Income. The Corporation's BOLI policies are invested in general account and hybrid account products that have been underwritten by highly-rated third party insurance carriers.
Mid Penn is also party to certain Split-Dollar Life Insurance Arrangements, and in accordance with GAAP, has accrued a liability related to the postretirement benefit under endorsement split-dollar life insurance arrangements, as well as a liability for the future death benefit obligation.
Goodwill and Other Intangible Assets
Goodwill represents the excess of the purchase price over the underlying fair value of merged entities. We assess goodwill for impairment annually as of October 31 of each year. The Corporation has one reporting unit, community banking, which includes the Bank, its wholly-owned banking subsidiary. If certain events occur which indicate goodwill might be impaired between annual tests, goodwill must be tested when such events occur. In making this assessment, we use the widely accepted valuation techniques, including the public company market change of control approach and the peer group change of control approach, to determine the fair valuation of the reporting unit. Both approaches include earnings and price-to-tangible book value multiples of comparable public companies, which are applied to the earnings and equity of the reporting unit. The projected tangible book value ("TBV") multiple serves as an indicator of whether the market price or perceived value of the Corporation's tangible assets exceeds its book value. In 2025, the Corporation applied a control premium based on its review of observable transactions and comparable marketplace data. Several factors are considered, such as operating results, business plans, economic projections, anticipated future cash flows, current market data, etc. There are inherent uncertainties related to these factors and our judgment in applying them to the analysis of goodwill impairment. Changes in economic and operating conditions could result in goodwill impairment in future periods. The Corporation did not identify any impairment on its outstanding goodwill from its most recent testing, which was performed as of October 31, 2025.
Core deposit intangible ("CDI") is a measure of the value of checking and savings deposits acquired in business combinations. The fair value of the CDI stemming from any given business combination is based on the present value of the expected cost savings attributable to the core deposit funding relative to an alternative source of funding. CDI is amortized over the estimated useful lives of the existing deposit relationships acquired, but does not exceed ten years. Significantly all CDI is amortized using the sum-of-the-years'-digits method.
Customer list intangibles are a measure of the inherent value of certain customer arrangements acquired in business combinations. The fair value of the customer list is based on the income approach which employs a present value analysis, which calculates the expected after-tax cash flow benefits of the net revenues generated by the acquired customers over the expected life of the acquired customers, discounted at a long-term market-oriented after-tax rate of return on investment. The value assigned to the acquired customers represents the future economic benefit from acquiring the customers (net of
operating expenses). The customer list is amortized over a 10 to 20-year projection period, a sufficient time to capture the economic value of the customer list given an assumed customer attrition rate.
The Corporation evaluates such identifiable intangibles for impairment when events and circumstances indicate that its carrying amount may not be recoverable. If an impairment loss is determined to exist, the loss is reflected as an impairment charge in the Consolidated Statements of Income for the period in which such impairment is identified. No impairment charges were required for the years ended December 31, 2025, 2024, or 2023.
Leases
Mid Penn leases certain premises and equipment and recognizes a right-of-use ("ROU") asset and a related lease liability for each distinct lease agreement. The lease ROU asset consists of the amount of the initial measurement of the lease liability, adjusted for any lease payments made to the lessor at or before the commencement date, minus any lease incentives received, and any initial direct costs incurred by the lessee (defined as costs of a lease that would not have been incurred had the lease not been executed). The related lease liability is equal to the present value of the future lease payments, discounted using the rate implicit in the lease (or if that rate cannot be readily determined, the lessee’s incremental borrowing rate). Given that the rate implicit in the lease is rarely available, all lease liability amounts are calculated using Mid Penn’s incremental borrowing rate at lease inception, on a collateralized basis, for a similar term. For operating leases existing prior to January 1, 2019, the rate for the remaining lease term as of January 1, 2019 was used.
Operating and finance lease ROU assets, as well as operating lease liabilities, are presented as separate line items on the Consolidated Balance Sheet, while finance lease liabilities are classified as a component of long-term debt.
Operating lease expense, recognized as a component of occupancy expense on the Consolidated Statements of Income, consists of a single lease cost calculated so that the remaining cost of the lease is allocated over the remaining lease term on a straight-line basis. Operating lease expense also includes variable lease payments not included in the lease liability and any impairment of the ROU asset. Finance lease expense consists of the amortization of the ROU asset, recognized as a component of occupancy expense and interest expense on the lease liability, which is recorded as a component of other interest expense, both on the Consolidated Statements of Income.
In assessing whether a contract contains a lease, Mid Penn reviews third-party agreements to determine if the contract conveys the right to control the use of identified property, plant, or equipment for a period of time in exchange for consideration, and grants Mid Penn the right to both obtain substantially all of the economic benefits from the identified asset’s use and the direct the use of the identified asset throughout the term of the agreement.
Upon identification that a lease agreement exists, Mid Penn performs an assessment of the consideration to be paid related to the identified asset and quantifies both the lease components, consisting of consideration paid to transfer a good or service to Mid Penn and non-lease components, consisting of consideration paid for distinct elements of the contract that are not related to securing the use of the leased asset, such as property taxes, common area maintenance, utilities, and insurance.
Many of Mid Penn’s lease agreements include options to extend or renew contracts subsequent to the expiration of the initial lease term. Additionally, for leases that contain escalation clauses related to consumer or other price indices, Mid Penn includes the known lease payment amount as of the commencement date in the calculation of ROU assets and related lease liabilities. Subsequent increases in rental payments over the known amount at the commencement date due to increase in the indices will be expensed as incurred.
None of Mid Penn’s lease agreements include residual value guarantees or material variable lease payments. Mid Penn does not have material restrictions or covenants imposed by leases that would impact Mid Penn’s ability to pay dividends or cause Mid Penn to incur additional financial obligations.
Comprehensive Income
Comprehensive income consists of net income and other comprehensive income (loss). Other comprehensive income (loss) includes changes in unrealized gains and losses on securities available-for-sale arising during the period and reclassification adjustments for realized gains and losses on securities available-for-sale included in net income. Mid Penn has an unfunded noncontributory defined benefit plan for directors and other postretirement benefit plans covering full-time employees. These plans utilize assumptions and methods to calculate the fair value of plan assets and recognizing the
overfunded and underfunded status of the plans on its Consolidated Balance Sheet. Gains and losses, prior service costs and credits are recognized in other comprehensive income (loss), net of tax, until they are amortized, or immediately upon curtailment.
Trust and Wealth Management Assets and Income
Assets held by the Bank in a fiduciary or agency capacity for customers of the Bank's Trust and Wealth Management departments of the Bank are not included in the Consolidated Financial Statements since such items are not assets of the Bank. Assets under management totaled $1.0 billion as of December 31, 2025, Trust and wealth income is generally recognized as earned, which is not materially different from recognition on accrual basis.
Revenue Recognition
Mid Penn recognizes revenue when earned based upon contractual terms, as transactions occur, or as related services are provided, and collectability is reasonably assured. The largest source of revenue for Mid Penn is interest income. Noninterest income is earned from various banking and financial services that Mid Penn offers through its subsidiaries. In certain circumstances, noninterest income is reported net of associated expenses. Following is further detail on the various types of noninterest income Mid Penn earns and when it recognized:
Interest Income - primarily recognized on an accrual basis according to loan agreements, investment securities contracts or other such written contracts.
Income from Fiduciary and Wealth Management Activities - consists of trust, wealth management, and investment management fee income, brokerage transaction fee income, and estate fee income. Trust, wealth management, and investment management fee income consists of advisory fees that are typically based on market values of clients’ managed portfolios and transaction fees for fiduciary services performed, both of which are recognized as earned. Brokerage transaction fee income includes advisory fees, which are recognized as earned on a monthly basis and transaction fees that are recognized when transactions occur. Payment is typically received in the following month. Estate fee income is recognized as services are performed over the service period, generally eighteen months.
ATM Debit Card Interchange Income - consists of interchange fees earned when Mid Penn’s debit cards are processed through card payments networks. The interchange fee is calculated as a percentage of the total electronic funds transfer ("EFT") transaction plus a per-transaction fee, which varies based on the type of card used, the method used to process the EFT transaction, and the type of business at which the transaction was processed. Revenue is recognized daily as transactions occur and interchange fees are subsequently processed. Payment for interchange activity is received primarily daily, while some fees are aggregated and payment is received in the following month.
Service Charges on Deposits - consists of cash management, overdraft, non-sufficient fund fees and other service charges on deposit accounts. Revenue is primarily transactional and recognized when earned, which is at the time the respective initiating transaction occurs, and the related service charge is subsequently processed. Payment for service charges on deposit accounts is primarily received immediately or in the following month through a direct charge to the customers’ accounts.
Mortgage Banking Income - consists of gains or losses on the sale of residential mortgage loans and is recognized when the sale is completed.
Mortgage Hedging Income - relates to the changes in fair value of interest rate locks, forward mortgage loan sales commitments and hedging instruments on forward sales commitments.
Other Income - includes credit card royalties, check orders, letter of credit fees and merchant services income. These fees are primarily transactional, and revenue is recognized when transactions occur, and the related services are subsequently processed. Payment is primarily received immediately or in the following month.
Mid Penn does not exercise significant judgment in the recognition of income, as income is generally not recognized until the related performance obligation has been satisfied.
Derivative Financial Instruments
Loan-level Interest Rate Swaps
The Corporation offers certain derivative products directly to qualified commercial lending clients seeking to manage their interest rate risk. The Corporation economically hedges interest rate swap transactions to execute with commercial lending clients by entering into offsetting interest rate swap transactions with institutional derivatives market participants. Derivative transactions executed as part of this program are not designed as qualifying hedging relationships and are, therefore, carried at fair value with the change in fair value recorded as noninterest income. Because these derivatives generally have mirror-image contractual terms, in addition to collateral provisions which mitigate the impact of non-performance risk, the changes in fair value are expected to substantially offset.
Cash Flow Hedges of Interest Rate Risk
Mid Penn’s objectives in using interest rate derivatives are to reduce volatility in net interest income and to manage its exposure to interest rate movements. To accomplish this objective, Mid Penn primarily uses interest rate swaps as part of its interest rate risk management strategy. Beginning in the first quarter of 2023, Mid Penn entered into interest rate swaps designated as cash flow hedges to hedge the cash flows associated with existing brokered CDs.
For derivatives designated and that qualify as cash flow hedges of interest rate risk, the unrealized gain or loss on the derivative is recorded in AOCI and subsequently reclassified into interest income in the same period during which the hedged transaction affects earnings. Amounts reported in AOCI related to derivatives will be reclassified to interest income as interest payments are made on the hedged liabilities.
Mortgage Banking Derivative Financial Instruments
In connection with its mortgage banking activities, Mid Penn entered into commitments to originate certain fixed-rate residential mortgage loans for customers, also referred to as interest rate locks. In addition, Mid Penn entered into forward commitments for the future sales or purchases of mortgage-backed securities to or from third-party counterparties to hedge the effect of changes in interest rates on the values of both the interest rate locks and mortgage loans held-for-sale. Forward sales commitments may also be in the form of commitments to sell individual mortgage loans at a fixed price at a future date. The amount necessary to settle each interest rate lock was based on the price that secondary market investors would pay for loans with similar characteristics, including interest rate and term, as of the date fair value is measured.
Income Taxes
Income tax expense is determined using the asset and liability method and consists of income taxes that are currently payable and deferred income taxes. Deferred income tax expense (benefit) is determined by recognizing deferred tax assets and liabilities for future tax consequences attributable to temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates that are expected to apply to taxable income in years in which those temporary differences are expected to be recovered or settled. Changes in tax rates on deferred tax assets and liabilities are recognized in income in the period that includes the enactment date.
A valuation allowance is established for deferred tax assets when management determines that it is more-likely-than-not that some portion or all of a deferred tax asset will not be realized. In making such determinations, the Corporation considers all available positive and negative evidence that may impact the realization of deferred tax assets. These considerations include future reversals of existing taxable temporary differences, projected future taxable income, and available tax planning strategies.
The Corporation files a consolidated federal income tax return including the results of its wholly-owned subsidiaries. The Corporation estimates income taxes payable based on the amount it expects to owe the various tax authorities (i.e., federal and state). Income taxes represent the net estimated amount due to, or to be received from, such tax authorities. In estimating income taxes, management assesses the relative merits and risks of the appropriate tax treatment of transactions, taking into account statutory, judicial, and regulatory guidance in the context of the Corporation’s tax position. Although the Corporation uses the best available information to record income taxes, underlying estimates and assumptions can
change over time as a result of unanticipated events or circumstances such as changes in tax laws and judicial guidance influencing its overall tax position.
An uncertain tax position is recognized only if it is more-likely-than-not to be sustained upon examination, including resolution of any related appeals or litigation process, based on the technical merits of the position. The amount of tax benefit recognized in the financial statements is the largest amount of benefit that is more than fifty percent likely to be sustained upon ultimate settlement of the uncertain tax position. If the initial assessment fails to result in recognition of a tax benefit, the Corporation subsequently recognizes a tax benefit if there are changes in tax law or case law that raise the likelihood of prevailing on the technical merits of the position to more-likely-than-not, the statute of limitations expires, or there is a completion of an examination resulting in a settlement of that tax year or position with the appropriate agency. The Corporation’s policy is to classify interest and penalties associated with income taxes within other expenses.
The Corporation is subject to routine audits by taxing jurisdictions; however, there are currently no audits in progress for any tax periods. Management believes it is no longer subject to income tax examinations for years prior to 2022.
The adoption of ASU 2023-09 did not impact the Corporation's accounting for income taxes, but expanded certain income tax disclosure requirements. See Note 16 - Income Taxes for additional information, including the disclosures related to the adoption of ASU 2023-09.
Off-Balance Sheet Arrangements
The Corporation enters into contractual loan commitments to extend credit, normally with fixed expiration dates or termination clauses, at specified rates and for specific purposes. Since a portion of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. Substantially all of the commitments to extend credit are contingent upon customers maintaining specific credit standards until the time of loan funding. The Corporation decreases its exposure to loss under these commitments by subjecting them to credit approval and monitoring procedures.
Standby letters of credit are written conditional commitments issued by the Corporation to guarantee the performance of a customer to a third party. In the event the customer does not perform in accordance with the terms of the agreement with the third party, the Corporation would be required to fund the commitment. The maximum potential amount of future payments the Corporation could be required to make is represented by the contractual amount of the commitment. If the commitment is funded, the Corporation would be entitled to seek recovery from the customer. The Corporation’s policies generally require that standby letter of credit arrangements contain security and debt covenants similar to those contained in loan agreements.
Earnings per Common Share
The Corporation presents basic and diluted earnings per common share ("EPS") data for its common stock. Basic EPS is calculated by dividing the net income attributable to shareholders of the Corporation by the weighted-average number of shares of common stock outstanding during the period. Diluted EPS is determined by adjusting the profit or loss attributable to shareholders and the weighted-average number of shares of common stock outstanding adjusted for the effects of all dilutive potential common shares, including those arising from stock-based compensation awards such as restricted stock and stock options, using the treasury stock method.
Treasury Stock
Common stock held in treasury is accounted for using the cost method, which treats stock held in treasury as a reduction to total stockholders’ equity. The shares may be purchased in the open market or in privately negotiated transactions from
time to time depending upon the market conditions and other factors over a one-year period or such longer period of time as may be necessary to complete such repurchases.
Recent Accounting Pronouncements
Accounting Standards Adopted in 2025
ASU 2023-09: The FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures.
ASU 2023-09 amends the ASC to enhance income tax disclosures by requiring entities to disclose income taxes paid (net of refunds received) disaggregated by federal, state and foreign taxes. Additionally, entities are required to disclose amounts greater than 5% of the total income taxes paid to an individual jurisdiction. The Company adopted this standard on a prospective basis in 2025. Prior period amounts were not adjusted. Adoption did not have a material impact on the Company's consolidated financial statements.
ASU 2024-02: The FASB issued ASU 2024-02, Codification Improvements—Amendments to Remove References to the Concepts Statements.
This ASU contains amendments to the Codification that remove references to various FASB Concepts Statements. The Company adopted this standard in 2025. Adoption did not have a material impact on the Company's consolidated financial statements.
Accounting Standards Pending Adoption
ASU 2023-06: The FASB issued ASU 2023-06, Disclosure Improvements - Codification Amendments in Response to the SEC’s Disclosure Update and Simplification Initiative.
ASU 2023-06 amends the ASC to incorporate certain disclosure requirements from SEC Release No. 33-10532 - Disclosure Update and Simplification that was issued in 2018. The effective date for each amendment will be the date on which the SEC’s removal of that related disclosure from Regulation S-X or Regulation S-K becomes effective, with early adoption prohibited. ASU 2023-06 is not expected to have a significant impact on our financial statements.
ASU 2024-03: The FASB issued ASU 2024-03, Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses
The amendments in the ASU improve financial reporting by requiring that public business entities disclose additional information about specific expense categories in the notes to financial statements at interim and annual reporting periods. The amendments are effective for annual reporting periods beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027. Early adoption is permitted. ASU 2024-03 is not expected to have a significant impact on the Corporation's financial statements.
ASU 2024-04: The FASB issued ASU - 2024-04, Debt—Debt with Conversion and Other Options (Subtopic 470-20): Induced Conversions of Convertible Debt Instruments
The amendments in the ASU clarify the requirements for determining whether certain settlements of convertible debt instruments should be accounted for as an induced conversion. The amendments in the ASU are effective for all entities for annual reporting periods beginning after December 15, 2025, and interim reporting periods within those annual reporting periods. Early adoption is permitted for all entities that have adopted the amendments in ASU2020-06. ASU 2024-04 is not expected to have a significant impact on the Corporation's financial statements.
ASU 2025-01 - The FASB issued ASU 2025-01, Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Clarifying the Effective Date
The amendments in the ASU clarify the effective date of ASU 2024-03 which requires public business entities to disclose additional information about specific expense categories in the notes to financial statements at interim and annual reporting periods. The amendments in the ASU are effective for the first annual reporting period beginning after December 15, 2026, and interim reporting periods within annual reporting periods beginning after December 15, 2027. Early adoption is permitted. ASU 2025-01 is not expected to have a significant impact on the Corporation's financial statements.
ASU 2025-06 - The FASB issued ASU 2025-06, Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software
The amendments in this ASU apply to all entities subject to the internal-use software guidance in Subtopic 350-40. The amendments also apply to all entities that account for website development costs in accordance with Subtopic 350-50, Intangibles—Goodwill and Other—Website Development Costs. The amendments in this ASU are effective for annual reporting periods beginning after December 15, 2027, and interim reporting periods within those annual reporting periods. Early adoption is permitted as of the beginning of an annual reporting period. ASU 2025-06 is not expected to have a significant impact on the Corporation's financial statements.
ASU 2025-08 - The FASB issued ASU 2025-08, Financial Instruments - Credit Losses (Topic 326): Purchased Loans
The amendments in this ASU apply to all entities subject to the guidance in Topic 326, including public business entities, private companies, and not-for-profit entities. The amendments in this ASU are effective for all entities for annual reporting periods beginning after December 15, 2026, and interim reporting periods within those annual reporting periods. The amendments in this ASU should be applied prospectively to loans that are acquired on or after the initial application date. Early adoption is permitted in an interim or annual reporting period in which financial statements have not yet been issued or made available for issuance. The Company is currently evaluating the impact of this guidance on its consolidated financial statements. While the adoption of this ASU is not expected to have a material impact on the Company's existing loan portfolio, it may impact the accounting for future loan acquisitions and business acquisitions.
ASU 2025-09 - The FASB issued ASU 2025-09, Derivatives and Hedging (Topic 815): Hedge Accounting Improvements
The amendments in this ASU refine hedge accounting guidance to better align accounting with risk management strategies. The amendments are effective for fiscal years beginning after December 15, 2026, including interim periods therein. Early adoption is permitted. ASU 2025-09 is not expected to have a significant impact on the Corporation's financial statements.
ASU 2025-11 - The FASB issued ASU 2025-11, Interim Reporting (Topic 270): Narrow Scope Improvements
The amendments in this ASU clarify and improve guidance on interim financial statements and disclosures. The amendments will be effective for interim reporting periods within annual periods beginning after December 15, 2027, for public business entities. Early adoption is permitted. The Company is evaluating the effects of the ASU and does not expect adoption to have a material impact on its consolidated financial statements.
ASU 2025-12 - The FASB issued ASU 2025-12, Codification Improvements
The amendments in this ASU clarify and correct existing guidance in the Accounting Standards Codification. The amendments are effective for fiscal years beginning after December 15, 2026, including interim periods within those fiscal years. Early adoption is permitted. ASU 2025-12 is not expected to have a significant impact on the Corporation's consolidated financial statements.
Management does not expect the adoption of any other recently issued accounting standards to have a material impact on the Corporation's consolidated financial statements.
v3.25.4
Business Combinations
 12 Months Ended
Dec. 31, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Business Combinations Business Combinations
Commonwealth Benefits Group Acquisition
On July 31, 2024, Mid Penn acquired the insurance business and related accounts of a full-service employee benefits firm that serves mid to large employers across central and eastern Pennsylvania, northern Maryland, and northern Virginia, for a purchase price of $2.0 million at closing and an additional $800 thousand potentially payable pursuant to a three-year earnout.
Mid Penn has recognized total goodwill of $1.1 million, which is calculated as the excess of both the consideration exchanged and liabilities assumed compared to the fair value of identifiable assets acquired.
Mid Penn incurred expenses related to the Commonwealth Benefits Group acquisition of $545 thousand for the year ended December 31, 2024, which is included in noninterest expense in the Consolidated Statements of Income.
Charis Insurance Group, Inc. Acquisition
On May 12, 2025, Mid Penn acquired the insurance business and related accounts of Charis Insurance Group, Inc. (Charis Insurance Group), which provides business, home and auto insurance throughout central and southern Pennsylvania, for a cash purchase price of $4.0 million.
Mid Penn has recognized total goodwill of $1.6 million, which is calculated as the excess of both the consideration exchanged and liabilities assumed compared to the fair value of identifiable assets acquired.
Mid Penn incurred expenses related to the Charis Insurance Group acquisition of $164 thousand for the year ended December 31, 2025, which is included in noninterest expense in the Consolidated Statements of Income.
William Penn Acquisition
On April 30, 2025, Mid Penn completed its acquisition of 100% of the outstanding shares of William Penn through the merger of William Penn with and into Mid Penn.
This transaction included the acquisition of 12 branches, further expanding Mid Penn's presence in the Philadelphia region and surrounding counties in Pennsylvania and New Jersey.
The merger was an all-stock transaction valued at approximately $103.2 million, based on Mid Penn's common stock closing price of $29.05 on April 30, 2025. Each share of William Penn common stock issued and outstanding as of April 30, 2025, was converted into 0.426 shares of Mid Penn common stock. As a result of the acquisition, Mid Penn issued 3,506,795 shares of Mid Penn common stock as consideration for the $103.2 million purchase price. The Corporation also granted replacement awards for 538,447 stock options, with a fair value of $3.1 million to continuing employees of William Penn. Of this amount, $1.3 million related to pre-combination vesting and was included in purchase price consideration, and $1.8 million related to post-combination vesting and will be recognized as expense of the combined company over the remaining vesting period.
Mid Penn has recognized total goodwill of $6.9 million, and a core deposit intangible asset of $9.0 million as a result of this acquisition. This is calculated as the excess of both the consideration exchanged and liabilities assumed compared to the fair value of identifiable assets acquired. Goodwill is primarily comprised of expected synergies and an assembled workforce. Goodwill is not deductible for income tax purposes.
Mid Penn incurred merger-related expenses related to the William Penn Acquisition of $10.1 million for the year ended December 31, 2025, respectively, which is included in noninterest expense in the Consolidated Statements of Income.
Purchased loans and leases that reflect a more-than-insignificant deterioration of credit from origination are considered PCD. Mid Penn considers various factors in connection with the identification of more-than-insignificant deterioration in credit, including but not limited to nonperforming status, delinquency, risk ratings, FICO scores and other qualitative factors that indicate deterioration in credit quality since origination. For PCD loans and leases, the initial estimate of expected credit losses is recognized in the ACL on the date of acquisition using the same methodology as other loans and leases held-for-investment.
As part of the William Penn Acquisition, Mid Penn acquired non-PCD and PCD loans and leases of $355.5 million and $49.8 million, respectively. The initial provision expense for non-PCD loans associated with the William Penn Acquisition was $2.3 million. The non-credit discount on the PCD loans and leases was $15 thousand and the Day 1 fair value adjustment was $343 thousand.
Estimated fair values of the assets acquired and liabilities assumed in the William Penn Acquisition as of the closing date are as follows:
(In thousands)
Assets acquired:
Cash and cash equivalents$41,404 
Federal funds sold553 
Investment securities186,564 
Loans405,271 
Core deposit intangible9,002 
Premises and equipment6,858 
Operating lease right-of-use asset6,340 
Cash surrender value of life insurance42,928 
Deferred income taxes15,399 
Accrued interest receivable2,271 
Other assets9,947 
Total assets acquired$726,537 
Liabilities assumed:
Deposits:
Noninterest-bearing demand$61,677 
Interest-bearing demand121,522 
Money market178,285 
Savings76,983 
Time181,293 
Operating lease liability6,340 
Accrued interest payable29 
Other liabilities4,052 
Total liabilities assumed$630,181 
Consideration transferred$103,213 
Fair value of common stock issued103,206 
Cash paid in lieu of fractional shares7 
Total$103,213 
Reconciliation to consideration transferred:
Total assets acquired726,537 
Total liabilities assumed630,181 
Net assets acquired96,356 
Goodwill6,857 
Consideration transferred$103,213 
The fair values of assets acquired and liabilities assumed are based on preliminary estimates and, as permitted under GAAP, Mid Penn has up to twelve months following the date of the merger to finalize the fair values of the acquired assets and assumed liabilities related to the merger. During the year ended December 31, 2025, the Company recorded measurement period adjustments related primarily to income taxes, resulting in a decrease to goodwill of $1.1 million. The Company remains within the one-year measurement period as of December 31, 2025.
From the acquisition date of April 30, 2025 through December 31, 2025, William Penn contributed approximately $14.2 million of total revenue and $653 thousand of net income to Mid Penn's consolidated results for the year ended December 31, 2025.
The following supplemental unaudited pro forma information presents certain financial results for the year ended December 31, 2025 and 2024 as if the merger of William Penn was effective as of January 1, 2024. The supplemental unaudited pro forma financial information included in the table below is based on various estimates and is presented for informational purposes only and does not indicate the results of operations of the combined company that would have been achieved for the periods presented had the transaction been completed as of the date indicated or that may be achieved in the future.
(Unaudited)
(In thousands)Year Ended December 31,
20252024
Net interest income after provision for credit losses - loans$206,082 $172,535 
Noninterest income27,977 25,476 
Noninterest expense152,449 139,678 
Net income$56,676 $48,229 
1st Colonial Acquisition
On September 24, 2025, Mid Penn entered into a Merger Agreement with 1st Colonial, in a cash and stock deal valued at nearly $101 million. On February 27, 2026, Mid Penn completed its acquisition of 1st Colonial. At the effective time of the Merger, 1st Colonial merged with and into Mid Penn with Mid Penn surviving the Merger. Promptly following the Merger, 1st Colonial Community Bank, 1st Colonial's wholly owned bank subsidiary, merged with and into the Bank with the Bank surviving.
Subject to the terms and conditions of the Merger Agreement, at the effective time of the Merger, each share of 1st Colonial's common stock, par value $0.0 per share, issued and outstanding immediately prior to the effective time of the Merger, was converted into the right to receive, at the election of the holder of such shares of 1st Colonial common stock, and subject to adjustment and proration as described in the Merger Agreement, either (a) 0.6945 of a share of Mid Penn common stock and cash in lieu of fractional shares or (b) $18.50 in cash.
Cumberland Advisors Acquisition
On September 25, 2025, Mid Penn entered into an agreement to acquire Cumberland Advisors, Inc., a registered investment advisory firm, for a purchase price at closing of $5.5 million, and the acquisition was completed on January 1, 2026. Seventy percent of the purchase price was paid in Mid Penn common stock, with the remaining balance paid in cash. The agreement also provides for a potential additional cash payment by Mid Penn of up to $1.0 million pursuant to an earn-out arrangement, as well as the issuance of approximately 300,000 stock appreciation rights having a maximum aggregate value of $1.2 million.
v3.25.4
Investment Securities
 12 Months Ended
Dec. 31, 2025
Securities Financing Transactions Disclosures [Abstract]  
Investment Securities Investment Securities
AFS Securities
As of December 31, 2025, the fair value of AFS securities totaled $416.3 million. As of December 31, 2025, no securities were identified that violated credit loss triggers; therefore, no discounted cash flow analysis was required. As of December 31, 2025, the Corporation recorded no allowance for credit losses on any available-for-sale debt securities.
Accrued interest receivable is excluded from the estimate of credit losses for AFS securities. As of December 31, 2025, accrued interest receivable totaled $1.8 million for AFS securities, and was reported in accrued interest receivable on the accompanying Consolidated Balance Sheet.
HTM Securities
As of December 31, 2025, Mid Penn’s HTM securities totaled $347.3 million. The Corporation primarily held highly rated HTM securities, including taxable and tax-exempt securities issued mainly by the U.S government, state governments, and political subdivisions. As of December 31, 2025, the majority of Mid Penn's HTM securities were rated as A1/BBB by Moody's and/or Standard & Poor's ratings services. Credit ratings of HTM securities, which are a key factor in estimating expected credit losses, are reviewed on a quarterly basis. Management has the intent and ability to hold these securities to maturity.
As of December 31, 2025, there were no HTM securities that were past due 30 days or more as to principal or interest payments. Additionally, Mid Penn had no HTM securities classified as nonaccrual as of December 31, 2025. As of December 31, 2025, the Corporation recorded no allowance for credit losses on any held-to-maturity debt securities.
Accrued interest receivable is excluded from the estimate of credit losses for HTM securities. As of December 31, 2025, accrued interest receivable totaled $1.5 million for HTM securities and was reported in accrued interest receivable on the accompanying Consolidated Balance Sheet.
The following tables set forth the amortized cost and estimated fair value of investment securities for the periods presented:
December 31, 2025
(In thousands)Amortized
Cost		Gross
Unrealized
Gains		Gross Unrealized
Losses		Estimated
Fair Value
Available-for-sale
U.S. Treasury and U.S. government agencies$19,446 $— $380 $19,066 
Mortgage-backed U.S. government agencies361,109 3,788 11,500 353,397 
State and political subdivision obligations4,319 — 485 3,834 
Corporate debt securities41,638 249 1,870 40,017 
Total available-for-sale debt securities$426,512 $4,037 $14,235 $416,314 
Held-to-maturity
U.S. Treasury and U.S. government agencies$231,980 $— $16,566 $215,414 
Mortgage-backed U.S. government agencies32,418 4 3,747 28,675 
State and political subdivision obligations67,441 12 4,043 63,410 
Corporate debt securities15,446 — 1,243 14,203 
Total held-to-maturity debt securities347,285 16 25,599 321,702 
Total$773,797 $4,053 $39,834 $738,016 
December 31, 2024
(In thousands)Amortized
Cost		Gross
Unrealized
Gains		Gross Unrealized
Losses		Estimated
Fair Value
Available-for-sale
U.S. Treasury and U.S. government agencies$22,247 $— $740 $21,507 
Mortgage-backed U.S. government agencies222,464 11 19,531 202,944 
State and political subdivision obligations4,309 — 713 3,596 
Corporate debt securities35,750 — 3,320 32,430 
Total available-for-sale debt securities$284,770 $11 $24,304 $260,477 
Held-to-maturity
U.S. Treasury and U.S. government agencies$241,941 $— $28,133 $213,808 
Mortgage-backed U.S. government agencies37,593 — 5,508 32,085 
State and political subdivision obligations77,462 — 6,840 70,622 
Corporate debt securities25,451 — 1,318 24,133 
Total held-to-maturity debt securities382,447 — 41,799 340,648 
Total$667,217 $11 $66,103 $601,125 
Estimated fair values of debt securities are based on quoted market prices, where applicable. If quoted market prices are not available, fair values are based on quoted market prices of instruments of a similar type, credit quality and structure, adjusted for differences between the quoted instruments and the instruments being valued. See "Note 13 - Fair Value Measurement," for additional information.
Investment securities having a fair value of $544.7 million as of December 31, 2025, and $440.0 million as of December 31, 2024, were pledged primarily to secure public deposits, some Trust department deposit accounts, and certain other borrowings. In accordance with legal provisions for alternatives other than pledging of investments, Mid Penn also obtains letters of credit from the FHLB to secure certain public deposits. These FHLB letter of credit commitments totaled $162.5 million as of December 31, 2025 and $156.0 million as of December 31, 2024.
The following tables present gross unrealized losses and fair value of debt investment securities aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position as of December 31, 2025 and 2024:
(Dollars in thousands)Less Than 12 Months12 Months or MoreTotal
December 31, 2025Number
of
Securities		Estimated
Fair
Value		Gross
Unrealized
Losses		Number
of
Securities		Estimated
Fair
Value		Gross
Unrealized
Losses		Number
of
Securities		Estimated
Fair
Value		Gross
Unrealized
Losses
Available-for-sale debt securities:
U.S. Treasury and U.S. government agencies—$— $— 10$19,066 $380 10$19,066 $380 
Mortgage-backed U.S. government agencies27208,676 141 91144,721 11,359 118353,397 11,500 
State and political subdivision obligations124 — 83,810 485 93,834 485 
Corporate debt securities818,573 64 1421,444 1,806 2240,017 1,870 
Total available-for-sale debt securities36$227,273 $205 123$189,041 $14,030 159$416,314 $14,235 
Held-to-maturity debt securities:
U.S. Treasury and U.S. government agencies—$— $— 137$215,414 $16,566 137$215,414 $16,566 
Mortgage-backed U.S. government agencies4423 — 6028,252 3,747 6428,675 3,747 
State and political subdivision obligations124,401 2 13959,009 4,041 15163,410 4,043 
Corporate debt securities33,368 128 910,835 1,115 1214,203 1,243 
Total held-to-maturity debt securities198,192 130 345313,510 25,469 364321,702 25,599 
Total55$235,465 $335 468$502,551 $39,499 523$738,016 $39,834 
(Dollars in thousands)Less Than 12 Months12 Months or MoreTotal
December 31, 2024Number
of
Securities		Estimated
Fair
Value		Gross
Unrealized
Losses		Number
of
Securities		Estimated
Fair
Value		Gross
Unrealized
Losses		Number
of
Securities		Estimated
Fair
Value		Gross
Unrealized
Losses
Available-for-sale securities:
U.S. Treasury and U.S. government agencies—$— $— 12$21,507 $740 12$21,507 $740 
Mortgage-backed U.S. government agencies972,499 1,847 91130,445 17,684 100202,944 19,531 
State and political subdivision obligations—— — 83,596 713 83,596 713 
Corporate debt securities— — — 1832,430 3,320 1832,430 3,320 
Total available-for-sale securities9$72,499 $1,847 129$187,978 $22,457 138$260,477 $24,304 
Held-to-maturity securities:
U.S. Treasury and U.S. government agencies—$— $— 143$213,808 $28,133 143$213,808 $28,133 
Mortgage-backed U.S. government agencies2163 1 6231,922 5,507 6432,085 5,508 
State and political subdivision obligations83,176 30 16967,446 6,810 17770,622 6,840 
Corporate debt securities410,500 — 1113,633 1,318 1524,133 1,318 
Total held-to-maturity securities1413,839 31 385326,809 41,768 399340,648 41,799 
Total23$86,338 $1,878 514$514,787 $64,225 537$601,125 $66,103 
As of December 31, 2025 and 2024, the majority of the unrealized losses on securities in an unrealized loss position were attributable to U.S. Treasury and U.S. government agencies, and mortgage-backed U.S. government agencies.
The Corporation evaluates debt securities for credit losses in accordance with ASC 326. Mid Penn had no securities considered by management to be credit related losses as of December 31, 2025 and December 31, 2024, and did not record any securities losses in the respective periods ended on these dates. Mid Penn does not consider the securities with unrealized losses on the respective dates to be credit related losses as the unrealized losses were deemed to be temporary changes in value related to market movements in interest yields at various periods similar to the maturity dates of holdings in the investment portfolio, and not reflective of an erosion of credit quality.
There was $10 thousand and zero gross realized gains on the sale of AFS securities as of December 31, 2025 and December 31, 2024, respectively.
The table below illustrates the contractual maturity of debt investment securities at amortized cost and estimated fair value. Actual maturities may differ from contractual maturities because borrowers may have the right to call or prepay with or without call or prepayment penalties.
(In thousands)Available-for-saleHeld-to-maturity
December 31, 2025Amortized
Cost		Fair
Value		Amortized
Cost		Fair
Value
Due in 1 year or less$3,000 $2,945 $31,445 $31,080 
Due after 1 year but within 5 years23,742 23,499 140,793 133,953 
Due after 5 years but within 10 years37,817 35,797 131,708 118,463 
Due after 10 years844 676 10,921 9,531 
65,403 62,917 314,867 293,027 
Mortgage-backed securities361,109 353,397 32,418 28,675 
$426,512 $416,314 $347,285 $321,702 
v3.25.4
Loans and Allowance for Credit Losses - Loans
 12 Months Ended
Dec. 31, 2025
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]  
Loans and Allowance for Credit Losses - Loans Loans and Allowance for Credit Losses - Loans
Loans, net of unearned income, are summarized as follows by portfolio segment:
(In thousands)December 31, 2025December 31, 2024
Commercial real estate
CRE Nonowner Occupied$1,364,040 $1,251,010 
CRE Owner Occupied718,864 624,007 
Multifamily419,267 412,900 
Farmland227,816 224,709 
Total Commercial real estate2,729,987 2,512,626 
Commercial and industrial
720,031 705,392 
Construction
Residential Construction85,299 99,399 
Other Construction310,390 326,171 
Total Construction395,689 425,570 
Residential mortgage
1-4 Family 1st Lien417,421 313,592 
1-4 Family Rental410,965 336,636 
HELOC and Junior Liens178,116 140,392 
Total Residential Mortgage1,006,502 790,620 
Consumer10,629 8,862 
Total loans$4,862,838 $4,443,070 
Total loans are stated at the amount of unpaid principal, adjusted for net deferred fees and costs. Net deferred loan fees were $2.8 million and $3.8 million as of December 31, 2025 and 2024, respectively.
Accrued interest receivable is not included in the amortized cost basis of Mid Penn's loans. As of December 31, 2025, accrued interest receivable for loans totaled $25.7 million with no related ACL and was reported in other assets on the accompanying Consolidated Balance Sheet.
The Bank has granted loans to certain of its executive officers, directors, and their related interests. The aggregate amount of these loans was $11.5 million and $13.8 million as of December 31, 2025 and 2024, respectively. During 2025, $705 thousand of new loans, advances and loans to new related parties were extended and repayments totaled $2.3 million. None of these loans were past due, in nonaccrual status, or restructured as of December 31, 2025.
Past Due and Nonaccrual Loans
The performance and credit quality of the loan portfolio is also monitored by analyzing the age of the loans receivable as determined by the length of time a recorded payment is past due. The classes of the loan portfolio summarized by the past due status as of December 31, 2025 and December 31, 2024, are summarized as follows:
(In thousands)30-59
Days Past
Due		60-89
Days Past
Due		Greater
than 90
Days		Total Past
Due		CurrentTotal LoansLoans
Receivable
> 90 Days and
Accruing
December 31, 2025
Commercial real estate
CRE Nonowner Occupied$278 $— $5,144 $5,422 $1,358,618 $1,364,040 $— 
CRE Owner Occupied2,022 58 901 2,981 715,883 718,864 — 
Multifamily— 196 — 196 419,071 419,267 — 
Farmland— 1,581 46 1,627 226,189 227,816 — 
Total Commercial real estate2,300 1,835 6,091 10,226 2,719,761 2,729,987 — 
Commercial and industrial3,740 1,006 6,804 11,550 708,481 720,031 — 
Construction
Residential Construction— — — — 85,299 85,299 — 
Other Construction230 — — 230 310,160 310,390 — 
Total Construction230 — — 230 395,459 395,689 — 
Residential mortgage
1-4 Family 1st Lien4,192 165 484 4,841 412,580 417,421 — 
1-4 Family Rental812 1,054 1,047 2,913 408,052 410,965 — 
HELOC and Junior Liens1,474 486 1,815 3,775 174,341 178,116 — 
Total Residential Mortgage6,478 1,705 3,346 11,529 994,973 1,006,502 — 
Consumer7 14 — 21 10,608 10,629 — 
Total$12,755 $4,560 $16,241 $33,556 $4,829,282 $4,862,838 $— 
(In thousands)30-59
Days Past
Due		60-89
Days Past
Due		Greater
than 90
Days		Total Past
Due		CurrentTotal LoansLoans
Receivable
> 90 Days and
Accruing
December 31, 2024
Commercial real estate
CRE Nonowner Occupied$1,281 $1,515 $11,658 $14,454 $1,236,556 $1,251,010 $— 
CRE Owner Occupied39 51 262 352 623,655 624,007 — 
Multifamily— — — — 412,900 412,900 — 
Farmland184 — — 184 224,525 224,709 — 
Total Commercial real estate1,504 1,566 11,920 14,990 2,497,636 2,512,626 — 
Commercial and industrial74 3 794 871 704,521 705,392 — 
Construction
Residential Construction— — — — 99,399 99,399 — 
Other Construction— — — — 326,171 326,171 — 
Total Construction— — — — 425,570 425,570 — 
Residential mortgage
1-4 Family 1st Lien2,853 220 516 3,589 310,003 313,592 — 
1-4 Family Rental374 7 137 518 336,118 336,636 — 
HELOC and Junior Liens724 209 2,157 3,090 137,302 140,392 — 
Total Residential Mortgage3,951 436 2,810 7,197 783,423 790,620 — 
Consumer20 — — 20 8,842 8,862 — 
Total$5,549 $2,005 $15,524 $23,078 $4,419,992 $4,443,070 $— 
Loans are placed on nonaccrual status when management determines that the full repayment of principal and collection of interest according to contractual terms is no longer likely, generally when the loan becomes 90 days or more past due. There were no loans greater than 90 days past due and still accruing as of December 31, 2025 and 2024.
Nonaccrual loans by loan portfolio class, including loans acquired with credit deterioration, as of December 31, 2025 and 2024 are summarized as follows:
December 31, 2025December 31, 2024
(In thousands)With a Related AllowanceWithout a Related AllowanceTotalWith a Related AllowanceWithout a Related AllowanceTotal
Commercial real estate
CRE Nonowner Occupied$2,873 $2,271 $5,144 $2,622 $11,153 $13,775 
CRE Owner Occupied509 2,043 2,552 — 546 546 
Multifamily— 131 131 — 154 154 
Farmland— 46 46 — — — 
Total Commercial real estate3,382 4,491 7,873 2,622 11,853 14,475 
Commercial and industrial10,519 398 10,917 758 3,894 4,652 
Residential mortgage
1-4 Family 1st Lien24 1,188 1,212 — 1,028 1,028 
1-4 Family Rental146 949 1,095 — 176 176 
HELOC and Junior Liens— 1,840 1,840 — 2,279 2,279 
Total Residential Mortgage170 3,977 4,147 — 3,483 3,483 
Consumer— 14 14 — — — 
Total loans$14,071 $8,880 $22,951 $3,380 $19,230 $22,610 
During the years ended December 31, 2025 and 2024, the amount of interest income recognized on nonaccrual loans was approximately $1.9 million and $584 thousand, respectively.
Credit Quality Indicators
Mid Penn categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt, such as current financial information, historical payment experience, credit documentation, public information and current economic trends, among other factors. On a minimum of a quarterly basis, Mid Penn analyzes loans individually to classify the loans as to their credit risk. The following table presents risk ratings by loan portfolio segment and origination year, which is the year of origination or renewal.
PASS - This type of classification consists of 6 subcategories:    
Nominal Risk / Pass - This loan classification is a credit extension of the highest quality.
Moderate Risk / Pass - This type of classification has strong financial ratios, substantial debt capacity, and low leverage with a very favorable comparison to industry peers or better than average improving trends.
Good Acceptable Risk / Pass - This type of classification is a reasonable credit risk having financial ratios on par with its peers and demonstrates slightly improving trends over time; the Borrower lists good quality assets with relatively low leverage and ample debt capacity.
Average Acceptable Risk / Pass - This type of classification has financial ratios and assets that are of above average quality; however, the leverage is worse than average compared to industry standards; the Borrower should have a good repayment history and possess consistent earnings with some growth.
Marginally Acceptable Risk / Pass - This type of classification has financial ratios consistent with industry averages, assets of average quality with ascertainable values, acceptable leverage, moderate capital assets and an acceptable reliance on trade debt; however, the Borrower demonstrates marginally adequate earnings, cash flow and debt service plus positive trends.
Weak/Monitor Risk (Watch list) / Pass - This type of classification has financial ratios that are slightly below standard industry averages and assets are below average quality with unstable values; fixed assets could be near or at the end of their useful life and liabilities may not match the asset structure.
SPECIAL MENTION - These credits have developing weaknesses deserving extra attention from the lender and lending management. They are currently protected, but potentially weak. The weakness may be, cash flow, leverage, liquidity, management, industry or other factors which may, if not checked or corrected, weaken the asset or inadequately protect the Bank’s credit position at some future date.
SUBSTANDARD - These credit extensions also have well defined weaknesses, which are inadequately protected by the current worth and debt service capacity of the Borrowers or the collateral pledged, if any. The repayment of principal and interest as originally intended can be jeopardized by defined weaknesses related to adverse financial, managerial, economic, market or political conditions.
DOUBTFUL - These credits have definite weaknesses inherent in Substandard loans with added characteristics that are severe enough to make further collection in full highly questionable and improbable based on the current trends.
LOSS. These loans are considered uncollectible and no longer a viable asset of the Bank. They lack an identifiable source of repayment based on an inability to generate sufficient cash flow to service their debt. All trends are negative and the damage to the financial condition of the Borrower can’t be reversed now or in the near future.
The following table presents risk ratings by loan portfolio segment and origination year, which is the year of origination or renewal:
December 31, 2025
Term Loans Amortized Cost Basis by Origination YearRevolving Loans Amortized
Cost Basis
(In thousands)20252024202320222021PriorTotal
CRE Nonowner Occupied
Pass$156,421 $98,728 $188,873 $358,610 $156,310 $375,646 $16,109 $1,350,697 
Special mention— — 1,698 — — 90 — 1,788 
Substandard or lower— — 1,540 — — 10,015 — 11,555 
Total CRE Nonowner Occupied156,421 98,728 192,111 358,610 156,310 385,751 16,109 1,364,040 
Gross charge-offs— — — (691)— (394)— (1,085)
Current period recoveries— — — 301 — 4 — 305 
Net charge-offs— — — (390)— (390)— (780)
CRE Owner Occupied
Pass119,632 65,978 97,419 105,690 64,478 239,464 16,370 709,031 
Special mention— — 922 1,576 172 2,939 — 5,609 
Substandard or lower— 181 — 1,888 177 1,978 — 4,224 
Total CRE Owner Occupied119,632 66,159 98,341 109,154 64,827 244,381 16,370 718,864 
Gross charge-offs— (346)— — — — — (346)
Net charge-offs— (346)— — — — — (346)
Multifamily
Pass37,788 4,816 62,305 156,236 68,254 86,424 3,271 419,094 
Special mention— — — — — 42 — 42 
Substandard or lower— — — — — 131 — 131 
Total Multifamily37,788 4,816 62,305 156,236 68,254 86,597 3,271 419,267 
Farmland
Pass29,858 23,228 24,273 51,055 36,651 44,326 15,255 224,646 
Special mention— — 428 — — — — 428 
Substandard or lower— — 397 — 2,299 46 — 2,742 
Total Farmland29,858 23,228 25,098 51,055 38,950 44,372 15,255 227,816 
Commercial and industrial
Pass96,562 89,541 70,773 64,532 41,663 90,534 240,497 694,102 
Special mention— — — 87 — 1,495 — 1,582 
Substandard or lower— 115 15,663 500 1,249 1,299 5,521 24,347 
Total Commercial and industrial96,562 89,656 86,436 65,119 42,912 93,328 246,018 720,031 
Gross charge-offs— — — — — (294)— (294)
Current period recoveries— — 1 — — 8 — 9 
Net charge-offs— — 1 — — (286)— (285)
Residential Construction
Pass29,399 27,382 17,469 351 — — 10,698 85,299 
Total Residential Construction29,399 27,382 17,469 351 — — 10,698 85,299 
Other Construction
Pass64,396 79,617 74,890 42,758 7,790 12,387 28,552 310,390 
Total Other Construction64,396 79,617 74,890 42,758 7,790 12,387 28,552 310,390 
1-4 Family 1st Lien
Performing57,120 28,810 59,920 49,052 38,466 179,375 1,489 414,232 
Nonperforming— — 100 48 — 3,041 — 3,189 
Total 1-4 Family 1st Lien57,120 28,810 60,020 49,100 38,466 182,416 1,489 417,421 
Current period recoveries— — — — — 90 — 90 
Net recoveries— — — — — 90 — 90 
1-4 Family Rental
Performing46,766 22,067 45,885 99,841 59,781 131,001 2,154 407,495 
Nonperforming— — 292 — 1,572 1,606 — 3,470 
Total 1-4 Family Rental46,766 22,067 46,177 99,841 61,353 132,607 2,154 410,965 
HELOC and Junior Liens
Performing8,403 5,050 17,397 8,447 4,815 14,180 115,728 174,020 
Nonperforming— 1,151 93 152 — 1,699 1,001 4,096 
Total HELOC and Junior Liens8,403 6,201 17,490 8,599 4,815 15,879 116,729 178,116 
Consumer
Performing5,143 1,169 829 276 265 702 2,216 10,600 
Nonperforming— — 29 — — — — 29 
Total Consumer5,143 1,169 858 276 265 702 2,216 10,629 
Gross charge-offs— — — — — (98)— (98)
Current period recoveries— — — — — 55 — 55 
Net charge-offs— — — — — (43)— (43)
Total
Pass534,056 389,290 536,002 779,232 375,146 848,781 330,752 3,793,259 
Special mention— — 3,048 1,663 172 4,566 — 9,449 
Substandard or lower— 296 17,600 2,388 3,725 13,469 5,521 42,999 
Performing117,432 57,096 124,031 157,616 103,327 325,258 121,587 1,006,347 
Nonperforming— 1,151 514 200 1,572 6,346 1,001 10,784 
Total$651,488 $447,833 $681,195 $941,099 $483,942 $1,198,420 $458,861 $4,862,838 

December 31, 2024
Term Loans Amortized Cost Basis by Origination YearRevolving Loans Amortized
Cost Basis
(In thousands)20242023202220212020PriorTotal
CRE Nonowner Occupied
Pass$85,501 $176,018 $343,072 $152,157 $130,650 $325,478 $11,732 $1,224,608 
Special mention— — — — — 3,105 — 3,105 
Substandard or lower— 1,515 1,260 — 3,281 17,241 — 23,297 
Total CRE Nonowner Occupied85,501 177,533 344,332 152,157 133,931 345,824 11,732 1,251,010 
Current period recoveries— — — — — 2 — 2 
Net recoveries— — — — — 2 — 2 
CRE Owner Occupied
Pass52,922 99,065 106,876 66,160 77,774 199,725 11,630 614,152 
Special mention— 222 4,991 227 — 2,133 — 7,573 
Substandard or lower— — — 194 — 2,088 — 2,282 
Total CRE Owner Occupied52,922 99,287 111,867 66,581 77,774 203,946 11,630 624,007 
Current period recoveries— — — — — 4 — 4 
Net recoveries— — — — — 4 — 4 
Multifamily
Pass4,843 66,119 118,568 101,871 40,450 78,070 2,771 412,692 
Special mention— — — — — 54 — 54 
Substandard or lower— — — — — 154 — 154 
Total Multifamily4,843 66,119 118,568 101,871 40,450 78,278 2,771 412,900 
Farmland
Pass27,449 31,259 56,178 42,693 25,119 24,729 14,801 222,228 
Special mention— 128 — — — 2,163 190 2,481 
Total Farmland27,449 31,387 56,178 42,693 25,119 26,892 14,991 224,709 
Commercial and industrial
Pass114,175 106,657 78,702 54,312 21,532 92,723 222,525 690,626 
Special mention— 62 503 31 — 3,534 4,498 8,628 
Substandard or lower— — — 892 1,168 1,632 2,446 6,138 
Total Commercial and industrial114,175 106,719 79,205 55,235 22,700 97,889 229,469 705,392 
Gross charge-offs— (201)— — (206)(412)— (819)
Current period recoveries— — — — — 1 — 1 
Net charge-offs— (201)— — (206)(411)— (818)
Residential construction
Pass34,275 37,222 15,559 — — 2,007 10,336 99,399 
Total Residential construction34,275 37,222 15,559 — — 2,007 10,336 99,399 
Other construction
Pass66,711 94,619 104,439 11,664 10,983 11,928 25,827 326,171 
Total Other construction66,711 94,619 104,439 11,664 10,983 11,928 25,827 326,171 
1-4 Family 1st Lien
Performing27,580 59,762 45,946 34,743 42,727 98,891 2,915 312,564 
Nonperforming— — — — 211 817 — 1,028 
Total 1-4 Family 1st Lien27,580 59,762 45,946 34,743 42,938 99,708 2,915 313,592 
Gross charge-offs— — — — — (7)— (7)
Current period recoveries— — — — — 16 — 16 
Net recoveries— — — — — 9 — 9 
1-4 Family Rental
Performing28,735 51,488 88,594 59,397 35,222 69,890 2,009 335,335 
Nonperforming— 147 — — 595 559 — 1,301 
Total 1-4 Family Rental28,735 51,635 88,594 59,397 35,817 70,449 2,009 336,636 
Gross charge-offs— — — — — (2)— (2)
Current period recoveries— — — — — 22 — 22 
Net recoveries— — — — — 20 — 20 
HELOC and Junior Liens
Performing6,096 16,125 9,856 4,845 2,182 10,887 88,122 138,113 
Nonperforming— 21 — — — 1,257 1,001 2,279 
Total HELOC and Junior Liens6,096 16,146 9,856 4,845 2,182 12,144 89,123 140,392 
Gross charge-offs— — (21)— — — — (21)
Net charge-offs— — (21)— — — — (21)
Consumer
Performing4,214 972 354 394 107 234 2,587 8,862 
Total Consumer4,214 972 354 394 107 234 2,587 8,862 
Gross charge-offs— — (2)— — (50)— (52)
Current period recoveries— — 1 — — 38 — 39 
Net charge-offs— — (1)— — (12)— (13)
Total
Pass385,876 610,959 823,394 428,857 306,508 734,660 299,622 3,589,876 
Special mention— 412 5,494 258 — 10,989 4,688 21,841 
Substandard or lower— 1,515 1,260 1,086 4,449 21,115 2,446 31,871 
Performing66,625 128,347 144,750 99,379 80,238 179,902 95,633 794,874 
Nonperforming— 168 — — 806 2,633 1,001 4,608 
Total$452,501 $741,401 $974,898 $529,580 $392,001 $949,299 $403,390 $4,443,070 
Mid Penn had no loans classified as "Doubtful" as of December 31, 2025 and 2024. There was $567 thousand and $861 thousand in mortgage loans for which formal foreclosure proceedings were in process as of December 31, 2025 and December 31, 2024, respectively.
Collateral-Dependent Loans
A financial asset is considered to be collateral-dependent when the debtor is experiencing financial difficulty and repayment is expected to be provided substantially through the sale or operation of the collateral. For all classes of financial assets deemed collateral-dependent, Mid Penn elected the practical expedient to estimate expected credit losses based on the collateral’s fair value less cost to sell. In most cases, Mid Penn records a partial charge-off to reduce the loan’s carrying value to the collateral’s fair value less cost to sell. Substantially all of the collateral supporting collateral-dependent financial assets consists of various types of real estate, including residential properties; commercial properties such as retail centers, office buildings, and lodging; agriculture land; and vacant land. Total collateral-dependent loans were $23.0 million as of December 31, 2025 and December 31, 2024.
Allowance for Credit Losses
Mid Penn’s ACL - loans methodology follows guidance within FASB ASC Subtopic 326-20. The ACL - loans is a valuation account that is deducted from the loans’ amortized cost basis to present the net amount expected to be collected on the loans. Credit quality within the loan portfolio is continuously monitored by management and is reflected within the ACL - loans. The ACL - loans is an estimate of expected losses inherent within Mid Penn’s existing loan portfolio. The ACL - loans is adjusted through the PCL and reduced by the charge off of loan amounts, net of recoveries.
The loan loss estimation process involves procedures to appropriately consider the unique characteristics of Mid Penn’s loan portfolio segments. When computing allowance levels, credit loss assumptions are estimated using a model that categorizes loan pools based on loss history and other credit trends and risk characteristics, including current conditions and reasonable and supportable forecasts about the future. Evaluations of the portfolio and individual credits are inherently subjective, as they require estimates, assumptions and judgments as to the facts and circumstances of particular situations. Determining the appropriateness of the allowance is complex and requires judgment by management about the effect of matters that are inherently uncertain. In future periods, evaluations of the overall loan portfolio, in light of the factors and forecasts then prevailing, may result in significant changes in the ACL and credit loss expense.
Mid Penn estimates the ACL using relevant available information, from internal and external sources, relating to past events, current conditions and reasonable and supportable forecasts. Mid Penn uses a third-party software application to calculate the quantitative portion of the ACL using a methodology and assumptions specific to each loan pool. The qualitative portion of the allowance is based on general economic conditions and other internal and external factors affecting Mid Penn as a whole, as well as specific loans. Factors considered include the following: lending process, concentrations of credit, and peer group divergence. The quantitative and qualitative portions of the allowance are added together to determine the total ACL, which reflects management’s expectations of future conditions based on reasonable and supportable forecasts.
The methodology for estimating the amount of expected credit losses reported in the ACL has two basic components: a collective, or pooled, component for estimated expected credit losses for pools of loans that share similar risk characteristics, and an asset-specific component involving individual loans that do not share risk characteristics with other loans and the measurement of expected credit losses for such individual loans. In estimating the ACL for the collective component, loans are segregated into loan pools based on loan purpose codes and similar risk characteristics.
The commercial real estate and residential mortgage loan portfolio segments include loans for both commercial and residential properties that are secured by real estate. The underwriting process for these loans includes analysis of the financial position and strength of both the borrower and, if applicable, guarantor, experience with similar projects in the past, market demand and prospects for successful completion of the proposed project within the established budget and schedule, values of underlying collateral, availability of permanent financing, maximum loan-to-value ratios, minimum equity requirements, acceptable amortization periods and minimum debt service coverage requirements, based on property type. The borrower’s financial strength and capacity to repay their obligations remain the primary focus of underwriting. Financial strength is evaluated based upon analytical tools that consider historical and projected cash flows and performance, in addition to analysis of the proposed project for income-producing properties. Additional support offered by guarantors is also considered when applicable. Ultimate repayment of these loans is sensitive to interest rate changes, general economic conditions, liquidity and availability of long-term financing.
The commercial and industrial loan portfolio segment includes commercial loans made to many types of businesses for various purposes, such as short-term working capital loans that are usually secured by accounts receivable and inventory, equipment and fixed asset purchases that are secured by those assets, and term financing for those within Mid Penn’s geographic markets. Mid Penn’s credit underwriting process for commercial and industrial loans includes analysis of historical and projected cash flows and performance, evaluation of financial strength of both borrowers and guarantors as reflected in current and detailed financial information, and evaluation of underlying collateral to support the credit.
The consumer loan portfolio segment is comprised of loans which are underwritten after evaluating a borrower’s capacity, credit and collateral. Several factors are considered when assessing a borrower’s capacity, including the borrower’s employment, income, current debt, assets and level of equity in the property. Credit is assessed using a credit report that provides credit scores and the borrower’s current and past information about their credit history. Loan-to-value and debt-to-income ratios, loan amount and lien position are also considered in assessing whether to originate a loan. These borrowers are particularly susceptible to downturns in economic trends, such as conditions that negatively affect housing prices and demand and levels of unemployment.
Mid Penn utilizes a DCF method to estimate the quantitative portion of the allowance for credit losses for its loan pools. The DCF is based off of historical losses, including peer data, which is correlated to national unemployment and GDP.
The PD and LGD measures are used in conjunction with prepayment data as inputs into the DCF model to calculate the cash flows at the individual loan level. Contractual cash flows based on loan terms are adjusted for PD, LGD and prepayments to derive loss cash flows. These loss cash flows are discounted by the loan’s coupon rate to arrive at the discounted cash flow based quantitative loss. The prepayment studies are updated quarterly by a third-party for each applicable pool.
Mid Penn determined that reasonable and supportable forecasts could be made for a twelve-month period for all of its loan pools. To the extent the lives of the loans in the Loans held-for-investment (LHFI) portfolio extend beyond this forecast period, Mid Penn uses a reversion period of four quarters and reverts to the historical mean on a straight-line basis over the remaining life of the loans.
Qualitative factors used in the ACL methodology include the following:
•Changes in lending policies, procedures, and underwriting standards
•Changes in portfolio composition and concentrations of credit
•Peer group trends and divergence
The ACL for individual loans, such as nonaccrual and PCD loans, that do not share risk characteristics with other loans is measured as the difference between the discounted value of expected future cash flows, based on the effective interest rate at origination, and the amortized cost basis of the loan, or the net realizable value. The ACL is the difference between the loan’s net realizable value and its amortized cost basis (net of previous charge-offs and deferred loan fees and costs), except for collateral-dependent loans. A loan is collateral dependent when the borrower is experiencing financial difficulty and repayment of the loan is expected to be provided substantially through the sale of the collateral. The expected credit loss for collateral-dependent loans is measured as the difference between the amortized cost basis of the loan and the fair value of the collateral, adjusted for the estimated cost to sell. Fair value estimates for collateral-dependent loans are derived from appraised values based on the current market value or the "as is" value of the collateral, normally from recently received and reviewed appraisals. Current appraisals are ordered on a regular basis based on the inspection date or more often if market conditions necessitate. Appraisals are obtained from state-certified appraisers and are based on certain assumptions, which may include construction or development status and the highest and best use of the property. These appraisals are reviewed by Mid Penn’s Real Estate Administration Department to ensure they are acceptable, and values are adjusted down for costs associated with asset disposal. If the calculated expected credit loss is determined to be permanent or not recoverable, the amount of the expected credit loss is charged off.
Mid Penn may also purchase loans or acquire loans through a business combination. At the purchase or acquisition date, loans are evaluated to determine whether there has been more than insignificant credit deterioration since origination. Loans that have experienced more than insignificant credit deterioration since origination are referred to as PCD loans. In its evaluation of whether a loan has experienced more than insignificant deterioration in credit quality since origination, Mid Penn takes into consideration loan grades, past due and nonaccrual status. Mid Penn may also consider external credit rating agency ratings for borrowers and for non-commercial loans, FICO score or band, probability of default levels, and
number of times past due. At the purchase or acquisition date, the amortized cost basis of PCD loans is equal to the purchase price and an initial estimate of credit losses. The initial recognition of expected credit losses on PCD loans has no impact on net income. When the initial measurement of expected credit losses on PCD loans is calculated on a pooled loan basis, the expected credit losses are allocated to each loan within the pool. Any difference between the initial amortized cost basis and the unpaid principal balance of the loan represents a noncredit discount or premium, which is accreted (or amortized) into interest income over the life of the loan. Subsequent changes to the ACL on PCD loans are recorded through the PCL. For purchased loans that are not deemed to have experienced more than insignificant credit deterioration since origination and are therefore not deemed PCD, any discounts or premiums included in the purchase price are accreted (or amortized) over the contractual life of the individual loan.
Loans are charged off against the ACL, with any subsequent recoveries credited back to the ACL account. Expected recoveries may not exceed the aggregate of amounts previously charged off and expected to be charged off.
The following table presents the activity in the ACL - loans by portfolio segment for the year ended December 31, 2025 and 2024:
(In thousands)Balance as of
December 31, 2024		PCD LoansCharge-offsRecoveriesNet Loans (Charged off) Recovered
Provision/(Benefit) for Credit Losses (1)
Balance as of December 31, 2025
Commercial Real Estate
CRE Nonowner Occupied$11,047 $89 $(1,085)$305 $(780)$(439)$9,917 
CRE Owner Occupied5,243 100 (346)— (346)1,098 6,095 
Multifamily3,432 31 — — — (2,020)1,443 
Farmland1,932 — — — — 186 2,118 
Commercial and industrial7,122 36 (294)9 (285)2,386 9,259 
Construction
Residential Construction931 — — — — (454)477 
Other Construction2,131 — — — — (667)1,464 
Residential Mortgage
1-4 Family 1st Lien1,503 37 — 90 90 804 2,434 
1-4 Family Rental1,756 47 — — — 492 2,295 
HELOC and Junior Liens392 3 — — — 164 559 
Consumer25 — (98)55 (43)48 30 
Total$35,514 $343 $(1,823)$459 $(1,364)$1,598 $36,091 
(1) Includes a $2.3 million initial provision on non-PCD loans acquired in the William Penn acquisition
(In thousands)Balance as of
December 31, 2023		Charge-offsRecoveriesNet Loans (Charged off) RecoveredProvision/(Benefit) for Credit LossesBalance as of December 31, 2024
Commercial Real Estate
CRE Nonowner Occupied$10,267 $— $2 $2 $778 $11,047 
CRE Owner Occupied5,646 — 4 4 (407)5,243 
Multifamily2,202 — — — 1,230 3,432 
Farmland2,064 — — — (132)1,932 
Commercial and industrial7,131 (819)1 (818)809 7,122 
Construction
Residential Construction1,256 — — — (325)931 
Other Construction2,146 — — — (15)2,131 
Residential Mortgage
1-4 Family 1st Lien1,207 (7)16 9 287 1,503 
1-4 Family Rental1,859 (2)22 20 (123)1,756 
HELOC and Junior Liens389 (21)— (21)24 392 
Consumer20 (52)39 (13)18 25 
Total$34,187 $(901)$84 $(817)$2,144 $35,514 
The following table presents the ACL for loans and the amortized cost basis of loans as of December 31, 2025 and December 31, 2024:
(In thousands)ACL - LoansLoans
December 31, 2025Collectively Evaluated for Credit LossIndividually Evaluated for Credit LossTotal ACL - LoansCollectively Evaluated for Credit LossIndividually Evaluated for Credit LossTotal Loans
Commercial real estate
CRE Nonowner Occupied$9,374 $543 $9,917 $1,358,896 $5,144 $1,364,040 
CRE Owner Occupied6,020 75 6,095 716,312 2,552 718,864 
Multifamily1,443 — 1,443 419,136 131 419,267 
Farmland2,118 — 2,118 227,770 46 227,816 
Commercial and industrial7,835 1,424 9,259 709,114 10,917 720,031 
Construction
Residential Construction477 — 477 85,299 — 85,299 
Other Construction1,464 — 1,464 310,390 — 310,390 
Residential mortgage
1-4 Family 1st Lien2,434 — 2,434 416,209 1,212 417,421 
1-4 Family Rental2,289 6 2,295 409,870 1,095 410,965 
HELOC and Junior Liens559 — 559 176,276 1,840 178,116 
Consumer30 — 30 10,615 14 10,629 
Total$34,043 $2,048 $36,091 $4,839,887 $22,951 $4,862,838 

(In thousands)ACL - LoansLoans
December 31, 2024Collectively Evaluated for Credit LossIndividually Evaluated for Credit LossTotal ACL - LoansCollectively Evaluated for Credit LossIndividually Evaluated for Credit LossTotal Loans
Commercial real estate
CRE Nonowner Occupied$9,945 $1,102 $11,047 $1,237,235 $13,775 $1,251,010 
CRE Owner Occupied5,243 — 5,243 623,461 546 624,007 
Multifamily3,432 — 3,432 412,746 154 412,900 
Farmland1,932 — 1,932 224,709 — 224,709 
Commercial and industrial6,785 337 7,122 700,740 4,652 705,392 
Construction
Residential Construction931 — 931 99,399 — 99,399 
Other Construction2,131 — 2,131 326,171 — 326,171 
Residential mortgage
1-4 Family 1st Lien1,503 — 1,503 312,564 1,028 313,592 
1-4 Family Rental1,756 — 1,756 336,460 176 336,636 
HELOC and Junior Liens392 — 392 138,113 2,279 140,392 
Consumer25 — 25 8,862 — 8,862 
Total$34,075 $1,439 $35,514 $4,420,460 $22,610 $4,443,070 
Modifications to Borrowers Experiencing Financial Difficulty
From time to time, we may modify certain loans to borrowers who are experiencing financial difficulty. In some cases, these modifications may result in new loans. Loan modifications to borrowers experiencing financial difficulty may be in the form of principal forgiveness, an interest rate reduction, an other-than-insignificant payment delay, or a term extension, or a combination thereof, among other things.
There were no new modifications to borrowers experiencing financial difficulty for the year ended December 31, 2025.
Information related to loans modified (by type of modification) for the year ended December 31, 2024, whereby the borrower was experiencing financial difficulty at the time of modification, is set forth in the following table:
(Dollars in thousands)Interest OnlyTerm ExtensionCombination:
Interest Only and
Term Extension		Total% of Total Class of Financing Receivable
Year ended December 31, 2024
Commercial and industrial$— $— $287 $287 0.04 %
Residential mortgage
1-4 Family Rental— 184 — 184 0.05 %
HELOC and Junior Liens— — 92 92 0.07 %
Total Residential Mortgage— 184 92 276 0.03 %
Total loans$— $184 $379 $563 
The financial effects of the loan modifications reduced the monthly payment amounts for the borrower and the term extensions in the table above added a weighted-average of 2.0 years to the life of the loans, which also reduced the monthly payment amounts for the borrowers.
As of December 31, 2025, there were no defaulted troubled debt restructured loans, as all troubled debt restructured loans were current with respect to their associated forbearance agreements. There were also no defaults on troubled debt restructured loans within twelve months of restructure during 2024.
v3.25.4
Premises and Equipment
 12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
Premises and Equipment Premises and Equipment
The following is a summary of premises and equipment as of December 31:
(In thousands)20252024
Land$8,049 $6,251 
Buildings34,656 28,948 
Furniture, fixtures, and equipment25,770 23,656 
Leasehold improvements3,362 3,317 
Capital expenditures in process739 4,941 
Total cost72,576 67,113 
Less accumulated depreciation(23,834)(28,307)
Total premises and equipment$48,742 $38,806 
Depreciation expense was $4.9 million in each of 2025, 2024, and 2023. and is included in noninterest expense in the Consolidated Statements of Income.
There were no impairments of premises and equipment recorded during the years ended December 31, 2025, 2024, or 2023.
The Company did not capitalize interest related to premises and equipment during the years ended December 31, 2025, 2024, or 2023.
v3.25.4
Goodwill and Intangible Assets
 12 Months Ended
Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
The following table summarizes the changes in goodwill:
For the Year Ended
December 31,
(In thousands)
20252024
Goodwill balance, beginning of year$128,160 $127,031 
Commonwealth Benefits Group acquisition— 1,129 
William Penn Acquisition6,857 — 
Charis Insurance acquisition1,603 — 
Goodwill balance, end of year$136,620 $128,160 
On May 12, 2025, Mid Penn acquired the insurance business and related accounts of Charis Insurance Group, Inc., which provides business home and auto insurance throughout central and southern Pennsylvania. Goodwill totaling $1.6 million was booked as a result of the business combination.
On April 30, 2025, Mid Penn completed the acquisition of William Penn which further expands Mid Penn's presence in the Philadelphia region and surrounding counties in Pennsylvania and New Jersey. Goodwill totaling $6.9 million was booked as a result of the business combination.
On July 31, 2024, Mid Penn acquired the insurance business and related accounts of a full-service employee benefits firm that serves mid to large employers across central and eastern Pennsylvania, northern Maryland, and northern Virginia. Goodwill totaling $1.1 million was booked as a result of this business combination.
The following table presents the gross carrying amount and accumulated amortization of core deposit and other intangibles as of December 31:
(In thousands)20252024
Gross carrying amount of core deposit and other intangibles$17,703 $8,026 
Less: accumulated amortization(3,046)(1,784)
Core deposit and other intangibles, net$14,657 $6,242 
The following table summarizes the changes in core deposit intangible:
For the Year Ended
December 31,
(In thousands)
202520242023
Core deposit intangible balance, beginning of year$3,382 $4,649 $4,964 
Brunswick core deposit intangibles— — 999 
William Penn core deposit intangibles9,002 — — 
Less: Amortization of core deposit intangibles(2,126)(1,267)(1,314)
Core deposit intangible balances, end of year$10,258 $3,382 $4,649 
Core deposit intangibles are amortized using the sum-of-the-years'-digits method over estimated useful lives not to exceed ten years.
The following table shows the amortization expense for future periods:
(In thousands)
2026$2,340 
20271,955 
20281,570 
20291,297 
20301,053 
Thereafter2,043 
Total$10,258 
Customer List Intangible
As a result of the Commonwealth Benefits Group and Charis Insurance Group acquisitions, Mid Penn recorded a customer list intangible asset included in total intangible assets related to the insurance and wealth management customers assumed in the acquisitions. This intangible is amortized over ten years using the sum-of-the-years’-digits amortization method.
The following table summarizes the changes in the customer list intangible during the years ended December 31:
For the Year Ended
December 31,
(In thousands)202520242023
Customer list intangible balance, beginning of year$2,799 $1,830 $2,275 
Commonwealth Benefits Group acquisition— 1,481 — 
Charis Insurance acquisition2,199 — — 
Less: Amortization of customer list intangible(841)(512)(445)
Customer list intangible, end of year$4,157 $2,799 $1,830 
The following table shows the amortization expense for future periods:
(In thousands)
2026$909 
2027793 
2028677 
2029561 
2030445 
Thereafter772 
Total$4,157 
Noncompete Intangible
As a result of the Commonwealth Benefits Group and Charis Insurance Group acquisitions, Mid Penn recorded a noncompete intangible asset included in total intangible assets related to the insurance and wealth management customers assumed in the acquisitions. This intangible is amortized over five years using the sum-of-the-years’-digits amortization method.
The following table summarizes the changes in the noncompete intangible during the years ended December 31:
For the Year Ended
December 31,
(In thousands)
202520242023
Noncompete intangible balance, beginning of year$61 $— $— 
Commonwealth Benefits Group acquisition— 67 — 
Charis Insurance acquisition191 — — 
Less: Amortization of noncompete intangible(51)(6)— 
Noncompete intangible, end of year$201 $61 $— 
The following table shows the amortization expense for future periods:
(In thousands)
2026$77 
202777 
202840 
20297 
Total$201 
The Corporation performed its annual goodwill impairment assessment as of October 31, 2025, and determined that no impairment existed. No goodwill impairment charges were recorded during the years ended December 31, 2025 or 2024.
v3.25.4
Leases
 12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Leases Leases
Mid Penn has operating and finance leases for certain premises and equipment.
Operating and finance lease ROU assets, as well as operating lease liabilities, are presented as separate line items on the Consolidated Balance Sheet, while finance lease liabilities are classified as a component of long-term debt.
Supplemental consolidated balance sheet information for each lease classification as of December 31 was as follows:
20252024
(Dollars in thousands)Operating
Leases 		Finance
Leases		Operating
Leases 		Finance
Leases
ROU$15,169$2,368$7,699$2,548
Lease liability15,4052,9178,0923,063
Weighted-average remaining lease term (in years)5.6113.175.1214.17
Weighted-average discount rate4.13%3.81%3.68%3.81%
Interest expense on finance lease liabilities is included in other interest expense. Operating lease cost and amortization of finance lease ROU assets are included in occupancy expense on Mid Penn’s Consolidated Statements of Income.
The following table provides a summary of lease costs for the years ended December 31:
(In thousands)202520242023
Finance lease cost:
Amortization of ROU asset$180 $179 $180 
Interest expense on lease liability113 119 123 
Total finance lease cost293 298 303 
Operating lease cost3,328 2,322 2,081 
Sublease income (1)
— (21)(29)
Total lease costs$3,621 $2,599 $2,355 
(1) Sublease income relates to excess office space leased to third parties under operating subleases.

Rental expense paid to related parties totaled $185 thousand for the year ended December 31, 2025 and $274 thousand for the years ended December 31, 2024 and 2023, respectively.
Supplemental cash flow information related to operating and finance leases for the years ended December 31 was as follows:
(In thousands)2025 2024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from finance leases$113 $119 
Operating cash flows from operating leases3,318 2,382 
Financing cash flows from finance leases146134
A maturity analysis of operating and finance lease liabilities, together with a reconciliation of the undiscounted cash flows to the related lease liability balances, is presented below:
December 31, 2025
(In thousands)Operating LeasesFinance Leases
Lease payments due:
2026$4,075 $260 
20273,747 260 
20282,616 260 
20292,291 276 
20301,625 279 
Thereafter2,795 2,397 
Total lease payments17,149 3,732 
Less: imputed interest(1,744)(815)
Present value of lease liabilities$15,405 $2,917 
Future minimum lease payments to related parties are $178 thousand for 2026, 2027, 2028, 2029, $181 thousand for 2030 and $457 thousand thereafter.
Certain leases contain renewal options. Lease terms include renewal periods when the Corporation is reasonably certain to exercise such options in accordance with ASC 842.
There were no sale-leaseback transactions or leveraged leases during the years ended December 31, 2025 or 2024.
Leases Leases
Mid Penn has operating and finance leases for certain premises and equipment.
Operating and finance lease ROU assets, as well as operating lease liabilities, are presented as separate line items on the Consolidated Balance Sheet, while finance lease liabilities are classified as a component of long-term debt.
Supplemental consolidated balance sheet information for each lease classification as of December 31 was as follows:
20252024
(Dollars in thousands)Operating
Leases 		Finance
Leases		Operating
Leases 		Finance
Leases
ROU$15,169$2,368$7,699$2,548
Lease liability15,4052,9178,0923,063
Weighted-average remaining lease term (in years)5.6113.175.1214.17
Weighted-average discount rate4.13%3.81%3.68%3.81%
Interest expense on finance lease liabilities is included in other interest expense. Operating lease cost and amortization of finance lease ROU assets are included in occupancy expense on Mid Penn’s Consolidated Statements of Income.
The following table provides a summary of lease costs for the years ended December 31:
(In thousands)202520242023
Finance lease cost:
Amortization of ROU asset$180 $179 $180 
Interest expense on lease liability113 119 123 
Total finance lease cost293 298 303 
Operating lease cost3,328 2,322 2,081 
Sublease income (1)
— (21)(29)
Total lease costs$3,621 $2,599 $2,355 
(1) Sublease income relates to excess office space leased to third parties under operating subleases.

Rental expense paid to related parties totaled $185 thousand for the year ended December 31, 2025 and $274 thousand for the years ended December 31, 2024 and 2023, respectively.
Supplemental cash flow information related to operating and finance leases for the years ended December 31 was as follows:
(In thousands)2025 2024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from finance leases$113 $119 
Operating cash flows from operating leases3,318 2,382 
Financing cash flows from finance leases146134
A maturity analysis of operating and finance lease liabilities, together with a reconciliation of the undiscounted cash flows to the related lease liability balances, is presented below:
December 31, 2025
(In thousands)Operating LeasesFinance Leases
Lease payments due:
2026$4,075 $260 
20273,747 260 
20282,616 260 
20292,291 276 
20301,625 279 
Thereafter2,795 2,397 
Total lease payments17,149 3,732 
Less: imputed interest(1,744)(815)
Present value of lease liabilities$15,405 $2,917 
Future minimum lease payments to related parties are $178 thousand for 2026, 2027, 2028, 2029, $181 thousand for 2030 and $457 thousand thereafter.
Certain leases contain renewal options. Lease terms include renewal periods when the Corporation is reasonably certain to exercise such options in accordance with ASC 842.
There were no sale-leaseback transactions or leveraged leases during the years ended December 31, 2025 or 2024.
v3.25.4
Deposits
 12 Months Ended
Dec. 31, 2025
Deposits [Abstract]  
Deposits Deposits
Deposits consisted of the following as of December 31, 2025 and 2024:
(Dollars in thousands)December 31, 2025% of Total DepositsDecember 31, 2024% of Total Deposits
Noninterest-bearing demand deposits$834,013 16.0 %$759,169 16.2 %
Interest-bearing demand deposits1,278,940 24.5 %1,101,444 23.5 %
Money market1,226,171 23.5 %968,398 20.6 %
Savings324,064 6.2 %260,258 5.5 %
Total demand and savings 3,663,188 70.2 %3,089,269 65.9 %
Time1,551,475 29.8 %1,600,658 34.1 %
Total deposits$5,214,663 100.0 %$4,689,927 100.0 %
The scheduled maturities of time deposits as of December 31, 2025 were as follows:
Time Deposits
(In thousands)Less than $250,000$250,000 or more
Maturing in 2026$1,026,518 $362,344 
Maturing in 2027107,392 10,203 
Maturing in 202824,792 3,608 
Maturing in 20298,465 260 
Maturing in 20305,812 682 
Maturing thereafter3,654 867 
$1,176,633 $377,964 
Mid Penn had $97.5 million of brokered certificates of deposit as of December 31, 2025 and $319.8 million as of December 31, 2024. As of December 31, 2025 and 2024, Mid Penn had $83.2 million and $73.3 million, respectively, of Certificate of Deposit Account Registry ("CDAR") deposits.
Deposits and other funds from related parties held by Mid Penn amounted to $29.3 million and $31.8 million as of December 31, 2025 and 2024, respectively.
v3.25.4
Short-term Borrowings
 12 Months Ended
Dec. 31, 2025
Short-Term Debt [Abstract]  
Short-term Borrowings Short-term Borrowings
Total short-term borrowings were $20.8 million as of December 31, 2025 and $2.0 million as of December 31, 2024, respectively. Short-term borrowings generally consist of federal funds purchased and advances from the FHLB with an original maturity of less than one year. Federal funds purchased from correspondent banks mature in one business day and are repriced daily based on the federal funds rate. Advances from the FHLB are collateralized by the Bank's investment in FHLB common stock and by a blanket lien on selected loan receivables, comprised principally of real estate secured loans. As of December 31, 2025, the amount of loans pledged totaled $2.7 billion. As of December 31, 2025, the Bank's unused short-term borrowing capacity with the FHLB totaled $1.7 billion (equal to $1.9 billion of maximum borrowing capacity less the aggregate amount of FHLB letters of credit securing public funds deposits, and other FHLB advances and obligations outstanding) upon satisfaction of any stock purchase requirements of the FHLB.
The Bank also maintained unused overnight lines of credit with other correspondent banks totaling $35.0 million as of December 31, 2025. No draws have been made on these lines of credit and on December 31, 2025 and 2024, the balance was $0.
v3.25.4
Long-term Debt
 12 Months Ended
Dec. 31, 2025
Maturities of Long-Term Debt [Abstract]  
Long-term Debt Long-term Debt
The following table presents a summary of long-term debt as of December 31:
(Dollars in thousands)December 31, 2025December 31, 2024
FHLB fixed rate instruments:
Due February 2026, 4.51%
$20,000 $20,000 
Due August 2026, 4.80%
212 523 
Due February 2027, 6.71%
10 17 
Total FHLB fixed rate instruments20,222 20,540 
Finance lease obligations included in long-term debt2,917 3,063 
Total long-term debt$23,139 $23,603 
Mid Penn prepaid no FHLB fixed rate instruments during the years ended December 31, 2025 and 2024.
As a member of the FHLB, the Bank can access a number of credit products which are utilized to provide liquidity. As of December 31, 2025, and 2024, the Bank had long-term debt outstanding in the amount of $23.1 million and $23.6 million, respectively, consisting of FHLB fixed rate instruments, and a finance lease liability.
The FHLB fixed rate instruments are secured under the terms of a blanket collateral agreement with the FHLB consisting of FHLB stock and qualifying Mid Penn loan receivables, principally real estate secured loans. Mid Penn also obtains letters of credit from the FHLB to secure certain public fund deposits of municipalities and school district customers, which are used as a legally allowable alternative to investment in securities. These FHLB letter of credit commitments totaled $162.5 million and $156.0 million as of December 31, 2025 and 2024, respectively.
During the first quarter of 2019, Mid Penn entered into a lease agreement for one facility under a non-cancelable finance lease, which commenced March 1, 2019 and expires February 28, 2039 and is included in long-term debt on the Consolidated Balance Sheets. See "Note 7 - Leases", for more information related to Mid Penn’s finance lease obligation.
The aggregate principal amounts due on FHLB fixed rate instruments subsequent to December 31, 2025, are as follows:
(In thousands)
2026$20,220 
20272 
$20,222 
v3.25.4
Subordinated Debt
 12 Months Ended
Dec. 31, 2025
Debt Disclosure [Abstract]  
Subordinated Debt Subordinated Debt
Subordinated Debt Assumed November 2021 with the Riverview Acquisition
On November 30, 2021, Mid Penn completed its acquisition of Riverview and assumed $25.0 million of Subordinated Notes (the "Riverview Notes"). In accordance with purchase accounting principles, the Riverview Notes were recorded at fair value, including a premium of $2.3 million. The notes were treated as Tier 2 capital for regulatory reporting purposes.
The Riverview Notes were issued by Riverview on October 6, 2020 in a private placement to certain qualified institutional buyers and accredited institutional investors. The Riverview Notes had a maturity date of October 15, 2030 and initially bore interest at a fixed rate of 5.75% per annum before converting to a floating rate prior to redemption. The Riverview Notes were redeemable beginning October 15, 2025, and Mid Penn redeemed all of the Riverview Notes on such date.
Subordinated Debt Issued December 2020
On December 22, 2020, Mid Penn issued $12.2 million of subordinated notes due December 2030 (the "December 2020 Notes") in a private placement to accredited investors. The December 2020 Notes were treated as Tier 2 capital for regulatory capital purposes.
The December 2020 Notes initially bore interest at a fixed rate of 4.5% per annum before converting to a floating rate prior to redemption. The December 2020 Notes became redeemable beginning December 31, 2025, and Mid Penn redeemed all of the December 2020 Notes on such date.
Subordinated Debt Issued March 2020
On March 20, 2020, Mid Penn issued $15.0 million of subordinated notes due March 2030 (the "March 2020 Notes") in a private placement to accredited investors. The March 2020 Notes were treated as Tier 2 capital for regulatory capital purposes.
The March 2020 Notes initially bore interest at a fixed rate of 4.0% per annum before converting to a floating rate prior to redemption. The March 2020 Notes became redeemable on March 30, 2025 and Mid Penn redeemed all of the March 2020 Notes in full on June 30, 2025.
Outstanding Balance
As of December 31, 2025, the Company had no subordinated debt outstanding.
v3.25.4
Derivative Financial Instruments
 12 Months Ended
Dec. 31, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Financial Instruments Derivative Financial Instruments
Mid Penn manages its exposure to certain interest rate risks through the use of derivative financial instruments; however, none are entered into for speculative purposes. During the year ended December 31, 2025, Mid Penn had outstanding derivative contracts designated as hedges. Mid Penn’s free-standing derivative financial instruments are required to be carried at their fair value on the Consolidated Balance Sheets.
Mortgage Banking Derivative Financial Instruments
In connection with its mortgage banking activities, Mid Penn entered into commitments to originate certain fixed-rate residential mortgage loans for customers, also referred to as interest rate locks. In addition, Mid Penn entered into forward commitments for the future sales or purchases of mortgage-backed securities to or from third-party counterparties to hedge the effect of changes in interest rates on the values of both the interest rate locks and mortgage loans held-for-sale. Forward sales commitments may have also be in the form of commitments to sell individual mortgage loans at a fixed price at a future date. The amount necessary to settle each interest rate lock was based on the price that secondary market investors would pay for loans with similar characteristics, including interest rate and term, as of the measurement date.
Information related to mortgage banking derivative activity is set forth in the following table:
December 31, 2025December 31, 2024
(In thousands)Notional AmountAsset (Liability) Fair Value Notional AmountAsset (Liability) Fair Value
Interest Rate Lock Commitments
Positive Fair Values$643 $4 $120 $1 
Negative Fair Values 170 (1)1,084 (4)
Forward Commitments
Positive Fair Values1,129 6 2,380 7 
Negative Fair Values$1,192 $(4)$1,167 $(6)
For the years ended December 31, 2025, 2024, and 2023, Mid Penn recorded net gains from mortgage banking hedging activity of $12 thousand, $10 thousand, and $324 thousand, respectively.
The following table presents derivative financial instruments and the amount of the net gains or losses recognized within other noninterest income on the Consolidated Statements of Income for the years ended December 31:
(In thousands)20252024
Interest Rate Lock Commitments$32 $(3)
Forward Commitments(21)14 
Total$11 $11 
Loan-level Interest Rate Swaps
Mid Penn enters into loan-level interest rate swaps with certain qualifying commercial loan customers to meet their interest rate risk management needs. Mid Penn simultaneously enters into loan-level interest rate swaps with dealer counterparties, with identical notional amounts and terms. The net result of the offsetting customer and dealer counterparty swap agreements is that the customer pays a fixed rate of interest, while Mid Penn receives a floating rate. Mid Penn’s loan-level interest rate swaps are considered derivatives but are not accounted for using hedge accounting.
Information related to loan-level interest rate swaps is set forth in the following table:
(Dollars in thousands)December 31, 2025December 31, 2024
 Loan-level interest rate swaps on loans with customers
      Notional amount $287,251 $217,150 
      Weighted-average remaining term (years) 4.165.11
      Receive fixed rate (weighted-average) 5.13 %4.68 %
      Pay variable rate (weighted-average)6.08 %6.64 %
      Estimated fair value (1)
$8,796 $11,118 
(Dollars in thousands)December 31, 2025December 31, 2024
Loan-level interest rate swaps on loans with correspondents
      Notional amount $287,251 $217,150 
      Weighted-average remaining term (years) 4.165.11
      Receive variable rate (weighted-average) 6.08 %6.64 %
      Pay fixed rate (weighted-average)5.13 %4.68 %
      Estimated fair value (2)
$8,796 $11,118 
(1)    The net amount of the estimated fair value is disclosed in Other Liabilities on the Consolidated Balance Sheet.
(2)    The net amount of the estimated fair value is disclosed in Other Assets on the Consolidated Balance Sheet.
Cash Flow Hedges of Interest Rate Risk

Mid Penn’s objectives in using interest rate derivatives are to reduce volatility in net interest income and to manage its exposure to interest rate movements. To accomplish this objective, Mid Penn primarily uses interest rate swaps as part of its interest rate risk management strategy. During the year ended December 31, 2025, Mid Penn had interest rate swaps designated as cash flow hedges to hedge the cash flows associated with existing brokered CDs.

Information related to cash flow hedges is set forth in the following table:

(Dollars in thousands)December 31, 2025December 31, 2024
 Cash flow hedges
      Notional amount $75,000 $295,000 
      Weighted-average remaining term (years) 0.841.55
      Pay fixed rate (weighted-average) 3.81 %3.64 %
      Receive variable rate (weighted average)3.52 %4.10 %
      Estimated fair value (1)
$211 $2,590 
(1)    Estimated fair value, net of accrued interest receivable, is disclosed in Other Assets on the Consolidated Balance Sheet.
For derivatives designated and qualifying as cash flow hedges of interest rate risk, the unrealized gain or loss is recorded in AOCI and subsequently reclassified into interest income in the same period during which the hedged transaction affects earnings. Amounts reported in AOCI related to derivatives will be reclassified to interest income as interest payments are made on Mid Penn’s variable-rate liabilities. During the next twelve months, Mid Penn estimates that an additional $223 thousand will be reclassified to interest expense.
v3.25.4
Fair Value Measurement
 12 Months Ended
Dec. 31, 2025
Fair Value Disclosures [Abstract]  
Fair Value Measurement Fair Value Measurement
Mid Penn uses estimates of fair value in applying various accounting standards to its consolidated financial statements on either a recurring or nonrecurring basis. Fair value is defined as the price that would be received to sell an asset or transfer a liability in an orderly transaction between willing and able market participants. Mid Penn groups its assets and liabilities measured at fair value in three hierarchy levels, based on the observability and transparency of the inputs. The fair value hierarchy is as follows:
Level 1 - Inputs that represent quoted prices for identical instruments in active markets.
Level 2 - Inputs that represent quoted prices in markets that are not active, or inputs that are observable either directly or indirectly, for substantially the full term of the asset or liability.
Level 3 - Inputs that are largely unobservable, as little or no market data exists for the instrument being valued.
A description of the valuation methodologies used for instruments measured at fair value, as well as the general classification of such instruments pursuant to the valuation hierarchy, is set forth below.
There were no transfers of assets between fair value Level 1 and Level 2 of the fair value hierarchy during the years ended December 31, 2025 and 2024.
The following tables illustrate the assets and liabilities measured at fair value on a recurring basis and reported on the Consolidated Balance Sheets:
December 31, 2025
(In thousands)Level 1Level 2Level 3Total
Available-for-sale securities:
U.S. Treasury and U.S. government agencies$— $19,066 $— $19,066 
Mortgage-backed U.S. government agencies— 353,397 — 353,397 
State and political subdivision obligations— 3,834 — 3,834 
Corporate debt securities— 40,017 — 40,017 
Equity securities5,446 — — 5,446 
Loans held-for-sale— 3,668 — 3,668 
Other assets:
Derivative assets— 9,007 — 9,007 
Other liabilities:
Derivative liabilities— 8,796 — 8,796 
December 31, 2024
(In thousands)Level 1Level 2Level 3Total
Available-for-sale securities:
U.S. Treasury and U.S. government agencies$— $21,507 $— $21,507 
Mortgage-backed U.S. government agencies— 202,944 — 202,944 
State and political subdivision obligations— 3,596 — 3,596 
Corporate debt securities— 32,430 — 32,430 
Equity securities428 — — 428 
Loans held-for-sale— 7,064 — 7,064 
Other assets:
Derivative assets— 13,708 — 13,708 
Other liabilities:
Derivative liabilities— 11,118 — 11,118 
The valuation methodologies and assumptions used to estimate the fair value for the items in the preceding tables are as follows:
Available-for-sale investment securities - The fair value of equity and debt securities classified as available-for-sale is determined by obtaining quoted market prices on nationally recognized securities exchanges (Level 1) or matrix pricing (Level 2). Matrix pricing is a mathematical technique widely used in the industry to value debt securities without relying exclusively on quoted market prices for the specific securities, but rather, relying on the securities’ relationship to other benchmark quoted prices.
Equity securities - The fair value of equity securities with readily determinable fair values is recorded on the Consolidated Balance Sheet, with realized and unrealized gains and losses reported in other expense on the Consolidated Statements of Income.
Loans held-for-sale - This category includes mortgage loans held-for-sale that are measured at fair value on a recurring basis. Fair values as of December 31, 2025 were measured as the price that secondary market investors were offering for loans with similar characteristics.
Derivative instruments - Interest rate swaps are measured by alternative pricing sources with reasonable levels of price transparency in markets that are not active. Based on the complex nature of interest rate swap agreements, the markets these instruments trade in are not as active or liquid as those for more mature Level 1 markets. These markets do, however, have comparable, observable inputs in which an alternative pricing source values these assets to arrive at a fair market value. These characteristics classify interest rate swap agreements as Level 2.
Mortgage banking derivatives - represent the fair value of mortgage banking derivatives in the form of interest rate locks and forward commitments with secondary market investors and the fair value of interest rate swaps. The fair values of Mid Penn's interest rate locks, forward commitments and interest rate swaps represent the amounts that would be required to settle the derivative financial instruments at the balance sheet date. These characteristics classify mortgage banking derivatives as Level 2. See "Note 12 - Derivative Financial Instruments," for additional information.
Certain financial assets and financial liabilities are measured at fair value on a nonrecurring basis. These instruments are not measured at fair value on an ongoing basis, but are subject to fair value adjustments in certain circumstances (for example, upon acquisition or when there is evidence of impairment).
The following table illustrates financial instruments measured at fair value on a nonrecurring basis:
December 31, 2025
(In thousands)Level 1Level 2Level 3Total
Individually evaluated loans, net of ACL$— $— $20,903 $20,903 
Foreclosed assets held-for-sale— — 7,806 7,806 
December 31, 2024
(In thousands)Level 1Level 2Level 3Total
Individually evaluated loans, net of ACL$— $— $21,171 $21,171 
Foreclosed assets held-for-sale— — 44 44 
Net loans - This category consists of loans that were individually evaluated for credit losses, net of the related ACL, and have been classified as Level 3 assets. All of Mid Penn’s individually evaluated loans for 2025 and 2024, whether reporting a specific allowance allocation or not, are considered collateral-dependent. Mid Penn utilized Level 3 inputs such as independent appraisals of the underlying collateral, which generally includes Level 3 inputs which are not observable. Appraisals may be adjusted downward by management for qualitative factors such as economic conditions and estimated liquidation expenses.
Foreclosed assets held-for-sale - Values are based on appraisals that consider the sales prices of property in the proximate vicinity.
The following table presents additional information about the valuation techniques for level 3 assets measured at fair value on a nonrecurring basis:
December 31, 2025
(In thousands)
Fair Value
Valuation Technique
Significant Unobservable Input
Range of Inputs
Weighted Average
Individually evaluated loans, net of ACL$20,903 
Appraisal of collateral
Appraisal adjustments
8%-100%44.9%
Foreclosed assets held-for-sale7,806 
Appraisal of collateral
Appraisal adjustments23%-100%39.8%
December 31, 2024
(In thousands)
Fair Value
Valuation Technique
Significant Unobservable Input
Range of Inputs
Weighted Average
Individually evaluated loans, net of ACL$21,171 
Appraisal of collateral
Appraisal adjustments0%-100%5.6%
Foreclosed assets held-for-sale44 
Appraisal of collateral
Appraisal adjustments26%-26%26.0%

The following tables present the carrying amount, fair value, and placement in the fair value hierarchy of Mid Penn’s financial instruments:
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 receivable29,640 29,640 — — 29,640 
 Derivative assets 9,007 — 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 
 Accrued interest payable10,942 10,942 — — 10,942 
 Derivative liabilities8,796 — 8,796 — 8,796 
(1)    Long-term debt excludes finance lease obligations.
December 31, 2024
Estimated Fair Value
(In thousands)Carrying
Amount		Level 1Level 2Level 3Total
Financial instruments - assets
Cash and cash equivalents$70,564 $70,564 $— $— $70,564 
Available-for-sale securities260,477 — 260,477 — 260,477 
 Held-to-maturity securities382,447 — 340,648 — 340,648 
   Equity securities428 428 — — 428 
 Loans held-for-sale7,064 — 7,064 — 7,064 
Net loans 4,407,556 — — 4,430,623 4,430,623 
 Restricted investment in bank stocks7,461 7,461 — 7,461 
 Accrued interest receivable26,846 26,846 — — 26,846 
 Derivative assets13,708 — 13,708 — 13,708 
Financial instruments - liabilities
Deposits$4,689,927 $— $4,684,548 $— $4,684,548 
Short-term borrowings2,000 — 2,000 — 2,000 
Long-term debt (1)
20,540 — 19,120 — 19,120 
Subordinated debt45,741 — 42,811 — 42,811 
 Accrued interest payable13,484 13,484 — — 13,484 
 Derivative liabilities11,118 — 11,118 — 11,118 
(1)    Long-term debt excludes finance lease obligations
The Bank’s outstanding and unfunded credit commitments and financial standby letters of credit were deemed to have no significant fair value as of December 31, 2025 and 2024.
v3.25.4
Postretirement Benefit Plans
 12 Months Ended
Dec. 31, 2025
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]  
Postretirement Benefit Plans Postretirement Benefit Plans
Mid Penn has a postretirement healthcare and life insurance benefit plan, which is noncontributory, covering certain full-time employees. Mid Penn also assumed noncontributory defined benefit pension plans as a result of the acquisitions of Scottdale on January 8, 2018 and Riverview on November 30, 2021. None of Mid Penn’s plans contained a promised interest crediting rate.
Service costs related to plans benefiting Mid Penn employees are reported as a component of salaries and employee benefits on the Consolidated Statements of Income, while interest costs, expected return on plan assets, amortization (accretion) of prior service cost, and settlement gain are reported as a component of other income. Service costs, interest costs, and amortization of prior service costs related to plans benefiting Mid Penn’s nonemployee directors are reported as a component of director fees and benefits expense within the other expense line item on the Consolidated Statement of Income.
The accrued benefit liability, related income statement impacts, and other significant aspects of the plans are detailed below.
Life Insurance - Full-time employees who had at least ten years of service as of January 1, 2008 and retire with the Bank after age 55 and at least 20 years of service are eligible for term life insurance coverage. The insurance amount is $50 thousand until age 65, and decreases by $5 thousand per year until age 74. Thereafter, the insurance amount will be $5 thousand. The Corporation's obligation to pay life insurance premiums terminates if the retired employee obtains other employment.
Health Benefit Plan - Full-time employees who had at least 10 years of service as of January 1, 2008 and who retire at age 55 or later, after completion of at least 20 years of service, are eligible for medical benefits. Medical benefits may be provided for up to five years after retirement.
Employees who retired prior to December 31, 2015 may elect the least expensive single coverage in the employer’s group medical plan. If the retiree becomes eligible for Medicare during the five year duration of coverage, the Bank may, at its discretion, pay premiums for Medicare supplemental or similar coverage.
For employees who retired between September 18, 2015 and December 31, 2015, the Bank may pay up to $5 thousand toward postretirement medical coverage.
Employees who retired after December 31, 2015 may not participate in the employer’s group medical plan. Instead, the Bank may reimburse the retiree for up to $5 thousand (grossed up by 36.79% as of December 31, 2025) in medical costs. Reimbursement terminates at any time during the five-year period if the retired employee obtains other employment or the retired employee dies.
The following tables present a reconciliation of the changes in the plan’s health and life insurance benefit obligations and fair value of plan assets for the years ended December 31, 2025 and 2024, and a statement of the funded status as of December 31, 2025 and 2024.
(In thousands)December 31,
Change in benefit obligations:20252024
Benefit obligations, January 1$226 $271 
Service cost1 1 
Interest cost11 11 
Change in experience1 (28)
Change in assumptions5 (7)
Benefit payments(20)(22)
Benefit obligations, December 31$224 $226 
Change in fair value of plan assets:
Fair value of plan assets, January 1$— $— 
Employer contributions20 22 
Benefit payments(20)(22)
Fair value of plan assets, December 31— — 
Funded status at year end$(224)$(226)
Mid Penn has capped the benefit to future retirees under its post-retirement health benefit plan. Employees who had achieved ten years of service as of January 1, 2008 and subsequently retire after at least 20 years of service are eligible for reimbursement of major medical insurance premiums up to $5 thousand if the employee has not yet reached age 65.
Upon becoming eligible for Medicare, Mid Penn may reimburse up to $5 thousand for Medicare Advantage or similar supplemental coverage. The maximum reimbursement period will not exceed five years, regardless of retirement age, and will end upon the participant obtaining other employment or death.
The amount recognized in other liabilities on the Consolidated Balance Sheets as of December 31, is as follows:
(In thousands)20252024
Accrued benefit liability$224 $226 
The amounts recognized in accumulated other comprehensive income as of December 31 consist of:
(In thousands)20252024
Net gain, pretax$(51)$(65)
Net prior service cost, pretax— — 
The accumulated benefit obligation for health and life insurance plans was $224 thousand and $226 thousand as of December 31, 2025 and 2024, respectively.
The components of net periodic postretirement benefit cost for 2025, 2024 and 2023 are as follows:
(In thousands)202520242023
Service cost$1 $1 $1 
Interest cost11 11 13 
Amortization of prior service cost— — 10 
Amortization of net gain(8)(7)(2)
Net periodic postretirement benefit cost$4 $5 $22 
Weighted-average assumptions used in the measurement of Mid Penn's benefit obligations as of December 31 are as follows:
Weighted-average assumptions:20252024
Discount rate5.07 %5.32 %
Rate of compensation increase— — 
Weighted-average assumptions used in the measurement of Mid Penn’s net periodic benefit cost for the years ended December 31 are as follows:
Weighted-average assumptions:202520242023
Discount rate5.32 %4.67 %4.90 %
Rate of compensation increase— — — 
Assumed health care cost trend rates as of December 31 are as follows:
202520242023
Health care cost trend rate assumed for next year8.00%7.00%7.00%
Rate to which the cost trend rate is assumed to decline (the ultimate trend rate)5.50%5.50%5.50%
Year that the rate reaches the ultimate trend rate202920282027
The following table shows the estimated benefit payments for future periods:
(In thousands)
2026$28 
202728 
202827 
202918 
203014 
2031-203567 
Directors’ Retirement Plan - Mid Penn had an unfunded defined benefit retirement plan ("Director's Plan") for directors with benefits based on years of service.
On October 1, 2023, the Bank decided to terminate the Plan and pay out any benefits to participants in a lump sum cash payout of $1.3 million, which was paid out on October 1, 2024.
The following tables provide a reconciliation of the changes in the Director's Plan benefit obligations and fair value of plan assets for the years ended December 31, 2025 and 2024, and a statement of the status as of December 31, 2025 and 2024. This Plan was unfunded.
(In thousands)December 31,
Change in benefit obligations:20252024
Benefit obligations, January 1$— $1,306 
Service cost— — 
Interest cost— — 
Actuarial loss — — 
Change in assumptions— — 
Benefit payments— (1,306)
Benefit obligations, December 31$— $— 
Change in fair value of plan assets:
Fair value of plan assets, January 1$— $— 
Employer contributions— 1,306 
Benefit payments— (1,306)
Fair value of plan assets, — — 
Funded status at year end$— $— 
Amounts recognized in other liabilities on the Consolidated Balance Sheet as of December 31 are as follows:
(In thousands)20252024
Accrued benefit liability$— $— 
Amounts recognized in accumulated other comprehensive loss (income) as of December 31 consist of:
(In thousands)20252024
Net prior service cost, pretax$— $— 
Net loss, pretax— — 
The accumulated benefit obligation for the retirement plan was zero as of December 31, 2025 and 2024, respectively.
The components of net periodic retirement cost for 2025, 2024 and 2023 are as follows:
(In thousands)202520242023
Service cost$— $— $56 
Interest cost— — 61 
Amortization of net loss— — 34 
Net periodic retirement cost$— $— $151 
Weighted-average assumptions used in the measurement of Mid Penn’s benefit obligations as of December 31 are as follows:
Weighted-average assumptions:20252024
Discount rate—%—%
Change in consumer price index——
Weighted-average assumptions used in the measurement of Mid Penn’s net periodic benefit cost for the years ended December 31 are as follows:
Weighted-average assumptions:202520242023
Discount rate—%—%4.80%
Change in consumer price index——3.40
The Bank is the owner and beneficiary of insurance policies on the lives of certain officers and directors, which informally fund the retirement plan obligation. The aggregate cash surrender value of these policies was $4.0 million and $4.3 million as of December 31, 2025 and 2024, respectively.
Scottdale Defined Benefit Pension Plan - As a result of the acquisition of Scottdale on January 8, 2018, Mid Penn has assumed a noncontributory defined benefit pension plan ("Scottdale Plan") covering certain former employees of Scottdale. After the acquisition, Mid Penn did not allow for any further participants to join the Plan. Mid Penn’s policy is to fund pension benefits as accrued. The Scottdale Plan’s assets are managed by the trust department of the Bank and were primarily invested in corporate equity securities at the time of acquisition but have since been diversified into a more conservative investment profile, including fixed income debt securities. The investment objective of the plan is "Balanced" to provide relatively stable growth from assets offset by a moderate level of income with target portfolio allocations of up to 20% cash, 30-50% fixed income securities, and 40-60% equity securities. The valuation of the plan’s assets is subject to market fluctuations.
For the year ended December 31, 2025, Mid Penn recognized $192 thousand of settlement gains. For the year ended December 31, 2024, Mid Penn recognized no settlement gains. The settlement gains were recorded in noninterest income as a component of other income in the Consolidated Statements of Income for the year ended December 31, 2025.
The following tables provide a reconciliation of the changes in the Scottdale Plan’s benefit obligations and fair value of plan assets for the year ended December 31, 2025 and 2024, and a statement of the status as of December 31, 2025 and 2024:
(In thousands)December 31,
Change in benefit obligations:20252024
Benefit obligations, January 1$2,547 $2,659 
Service cost15 25 
Interest cost136 130 
Settlement loss4 — 
Actuarial gain(35)(97)
Settlement payments(493)— 
Benefit payments(87)(170)
Benefit obligations, December 31$2,087 $2,547 
Change in fair value of plan assets:
Fair value of plan assets, January 1$3,597 $3,468 
Return on plan assets415 328 
Employer contributions— — 
Benefit payments(87)(170)
Administrative expenses(29)(29)
Settlement payments(493)— 
Fair value of plan assets, December 313,403 3,597 
Funded status at year end$1,316 $1,050 
Amounts recognized on the Consolidated Balance Sheets as of December 31 are as follows:
(In thousands)20252024
Accrued pension benefit asset$1,316 $1,050 
Amounts recognized in accumulated other comprehensive loss consist of the following as of December 31:
(In thousands)20252024
Unrecognized actuarial gain$813 $798 
The accumulated benefit obligation for the retirement plan was $2.1 million and $2.5 million as of December 31, 2025 and 2024, respectively.
The components of net periodic retirement cost for December 31 are as follows:
(In thousands)202520242023
Service cost$15 $25 $58 
Interest cost136 130 197 
Expected return on plan assets(159)(153)(211)
Recognized net actuarial gain(52)(25)(63)
Net periodic retirement income$(60)$(23)$(19)
Weighted-average assumptions used in the measurement of Mid Penn’s benefit obligations and net periodic pension costs as of December 31 are as follows:
Weighted-average assumptions:202520242023
Discount rate5.50%5.50%5.00%
Expected long-term return on plan assets4.504.504.50
Rate of compensation increases2.502.502.50
The following table presents a summary of the Scottdale Plan’s assets at fair value and the weighted-average asset allocations by investment category as of December 31:
Estimated Fair ValuePercentage of Total AssetsEstimated Fair ValuePercentage of Total Assets
(Dollars in thousands)20252024
Cash and cash equivalents$365 10.7 %$263 7.3 %
Common stock1,894 55.7 2,081 57.9 
Corporate bonds1,144 33.6 1,253 34.8 
$3,403 100.0 %$3,597 100.0 %
The description of the valuation methodologies used for assets measured at fair value is disclosed below.
Common Stocks
Valued at the closing price reported on the active market on which the individual securities are traded and therefore would be categorized as Level 1 assets under the fair value hierarchy.
Corporate Bonds
Valued using matrix pricing, which is a mathematical technique used widely in the industry to value debt securities without relying exclusively on quoted market prices for the specific securities but rather relying on the securities’ relationship to other benchmark quoted prices and therefore would be categorized as Level 2 assets under the fair value hierarchy.
The methods described above may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. Furthermore, while the Plan believes its valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement at the reporting date.
The following table shows the estimated benefit payments for future periods:
(In thousands)
2026$108 
2027124 
2028155 
2029154 
2030178 
2031-2035840 
Riverview Defined Benefit Plan - As a result of the Riverview Acquisition on November 30, 2021, Mid Penn assumed noncontributory defined benefit pension plans ("Riverview Plans") covering certain former employees of Riverview (or its predecessor-in-interest) as follows:
Pursuant to the consolidation with Union Bancorp, Inc. ("Union") effective November 1, 2013, Riverview assumed Union’s noncontributory defined benefit pension plan, which substantially covered all Union employees. The plan
benefits were based on average salary and years of service. Union elected to freeze all benefits earned under the plan effective January 1, 2007.
Riverview also assumed responsibility of Citizens National Bank of Meyersdale’s ("Citizens") noncontributory defined benefit pension plan effective as of the December 31, 2015 merger date. The plan substantially covered all Citizens employees, and the plan benefits were based on average salary and years of service. Citizens elected to freeze all benefits earned under the plan effective January 1, 2013.
As a result of a merger effective October 1, 2017, Riverview assumed responsibility of CBT Financial Corp’s ("CBT") postretirement benefit plan, which is an unfunded postretirement benefit plan covering health insurance costs and post-retirement life insurance benefits for certain retirees.
Subsequent to the Riverview Acquisition, Mid Penn disallowed any further participants to join the Riverview Plans. Mid Penn’s policy is to fund pension and post-retirement benefits as accrued. The Riverview Plans’ assets are managed by a third party and were primarily invested in a combination of cash and cash equivalents, equity securities and fixed income securities at the time of acquisition. The valuation of the Riverview Plans’ assets is subject to market fluctuations.
The following tables provide a reconciliation of the changes in the Riverview Plans' benefit obligations and fair value of plan assets for year ended December 31, 2025, and a statement of the status as of December 31:
(In thousands)
Change in benefit obligations:20252024
Benefit obligations, January 1$5,740 $6,442 
Interest cost302 299 
Actuarial loss(8)(483)
Benefit payments(508)(518)
Benefit obligations, December 31$5,526 $5,740 
Change in fair value of plan assets:
Fair value of plan assets, January 1,$6,711 $6,895 
Return on plan assets697 329 
Contributions— 3 
Benefit payments(505)(516)
Fair value of plan assets, December 316,903 6,711 
Funded status at year end$1,377 $971 
Amounts recognized in other liabilities on the Consolidated Balance Sheets as of December 31 are as follows:
(In thousands)20252024
Accrued pension benefit asset$1,377 $971 
As of December 31, 2025 amounts related to the Riverview Plans that have been recognized in accumulated other comprehensive loss but not yet recognized as a component of net periodic pension cost are as follows:
(In thousands)20252024
Unrecognized actuarial gain $153 $415 
The components of net periodic pension and postretirement benefit cost for the year ended December 31, 2025 and 2024 are as follows:
(In thousands)202520242023
Interest cost$302 $299 $309 
Expected return on plan assets(387)(397)(387)
Amortization of net loss10 12 — 
Net periodic pension benefit$(75)$(86)$(78)
(In thousands)202520242023
Service credit$— $— $— 
Interest cost1 1 1 
Unrecognized gain(1)(1)(1)
Net periodic postretirement benefit $— $— $— 
The accumulated benefit obligation was $5.5 million and $5.7 million as of December 31, 2025 and 2024, respectively, for the Riverview Plans.
Weighted-average assumptions used in the measurement of Mid Penn’s benefit obligations and net periodic pension costs as of December 31, 2025 and 2024 are as follows:
Pension BenefitsPostretirement
Life Insurance
Benefits
2025UnionCitizensCBT
Discount rate5.54 %5.54 %4.99 %
Expected long-term return on plan assets6.00 6.00 n/a
2024
Discount rate4.83 %4.83 %5.32 %
Expected long-term return on plan assets6.00 6.00 n/a
The following summarizes the actuarial assumptions used for the Riverview Plans:
For the pension plan, the selected long-term rate of return on plan assets was primarily based on the asset allocation of the plan’s assets. Analysis of the historic returns on these asset classes and projections of expected future returns were considered in setting the long-term rate of return.
The benefit offered under the postretirement benefit plan is fixed; therefore, the accumulated postretirement benefit obligation is not impacted by health care cost trends or the rate of compensation increase.
The following table presents a summary of the Riverview Plan’s assets at fair value and the weighted-average asset allocations by investment category as of December 31:
(Dollars in thousands)Estimated Fair ValuePercentage of Total AssetsEstimated Fair ValuePercentage of Total Assets
Weighted-average asset allocations:20252024
Cash and cash equivalents$60 0.9 %$60 0.9 %
Mutual fund - equity2,618 37.9 2,619 39.0 
Mutual fund / EFTs - fixed income3,926 56.9 3,716 55.4 
Common / collective trusts equity299 4.3 316 4.7 
$6,903 100 %$6,711 100 %
The valuation used is based on quoted market prices provided by an independent third party. The fair values of mutual fund investments are considered Level 1 assets in the fair value hierarchy and the collective trusts equity are considered Level 2 assets.
The following table shows the estimated benefit payments for future periods:
(In thousands)Pension BenefitsPostretirement
Life Insurance
Benefits
2026$511 $4 
2027498 3 
2028499 3 
2029490 3 
2030478 3 
2031-20352,154 9 
v3.25.4
Other Benefit Plans
 12 Months Ended
Dec. 31, 2025
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]  
Other Benefit Plans Other Benefit Plans
Mid Penn maintains several benefit plans for current and former employees of the Corporation. Liabilities related to the plans are recorded in other liabilities on the Consolidated Balance Sheet, and the aggregate cash surrender values associated with life insurance plans are recorded in the cash surrender value of life insurance line item on the Consolidated Balance Sheet. Significant aspects of the plans are detailed below.
Defined-Contribution 401(k) Plan - The Bank sponsors a 401(k) plan that covers substantially all employees. The plan allows employees to defer a portion of their salaries and wages and provides for employer matching contributions, subject to certain percentage limits. The Corporation’s matching contributions to the 401(k) Plan totaled $2.1 million, $1.8 million, and $1.7 million for the years ended December 31, 2025, 2024, and 2023, respectively and are included as a component of salaries and benefits expense in the Consolidated Statements of Income. The plan also includes a funded contributory profit-sharing provision when applicable. The Corporation did not make profit-sharing contributions in 2025, 2024, or 2023.
Deferred Compensation Plan - Mid Penn sponsors a directors’ deferred compensation plan that allows directors to defer receipt of director fees for a specified period to provide future retirement income. The Corporation recorded accrued liabilities of $2.8 million and $2.6 million as of December 31, 2025 and 2024, respectively. Deferred compensation expense totaled $171 thousand, $159 thousand and $127 thousand for the years ended December 31, 2025, 2024 and 2023, respectively, and is included in other expense in the Consolidated Statements of Income.
As part of the acquisition of William Penn, the Company assumed nonqualified deferred compensation plan obligations covering four participants. The balance related to the acquired plans was approximately $1.0 million as of December 31, 2025 and is included in deferred compensation liabilities within other liabilities on the Consolidated Balance Sheets.
Supplemental Executive Retirement Plan - The Corporation maintains supplemental executive retirement plan agreements ("SERPs") with certain executive officers and members of executive management. These agreements provide for the monthly payment of a fixed cash benefit over a period of 15 years, commencing on the first day of the month following the executive's separation from service due to: (i) normal retirement age (generally age 70), (ii) disability, (iii) death, or (iv) a qualifying change in control of the Bank. In 2025, the Corporation amended certain existing SERP agreements and entered into an additional SERP agreement with its Chief Executive Officer.
Benefits vest over a term of four to ten years, with a portion of benefits having previously vested for several of the participants. Any unvested portion of the benefit becomes fully vested upon a change in control of the Bank. The accrued liability for the supplemental retirement plans totaled $4.2 million and $3.2 million as of December 31, 2025 and 2024, respectively. Expense related to the SERPs totaled $979 thousand, $739 thousand and $792 thousand for the years ended December 31, 2025, 2024 and 2023, respectively, and is included in salaries and benefits expense in the Consolidated Statements of Income.
In connection with the William Penn Acquisition, the Company also assumed supplemental retirement plan obligations covering three participants. The balance related to the acquired plans was approximately $315 thousand as of December 31, 2025 and is included in other liabilities on the Consolidated Balance Sheets.
Split Dollar Life Insurance Arrangements - As of December 31, 2025 and 2024, the Bank maintained split dollar life insurance arrangements with certain current and former employees and executives. The aggregate collateral assignment and cash surrender values of these arrangements were approximately $1.4 million as of December 31, 2025 and 2024, respectively.
Mid Penn acquired Phoenix’s split dollar life insurance arrangements in 2015, which had aggregate cash surrender values of $4.6 million and $4.5 million as of December 31, 2025 and 2024, respectively. In 2018, Mid Penn acquired First Priority’s split dollar life insurance arrangements, with aggregate cash surrender values of $3.8 million as of December 31,
2025 and 2024, respectively. In 2021, Mid Penn acquired Riverview’s split dollar life insurance arrangements, which had aggregate cash surrender values of $1.4 million as of December 31, 2025 and 2024, respectively.
Rabbi Trust - As a result of the Riverview acquisition, Mid Penn assumed certain benefit plan liabilities related to executive nonqualified retirement benefits, deferred compensation plans, and separation agreements, which are included in other liabilities on the Consolidated Balance Sheets. These obligations are funded through a Rabbi Trust, which provides a source of funds for satisfying the related compensation obligations. Cash balances held in the Rabbi Trust are included in other assets on the Consolidated Balance Sheets and totaled $2.5 million and $2.7 million as of December 31, 2025 and 2024, respectively.
The details of the compensation arrangements for the years ended December 31 include:
(In thousands)Fully Funded Gross Amounts
Compensation Arrangements20252024
Supplemental executive retirement agreements$1,012 $1,112 
Executive deferred compensation agreement1,031 1,235 
Total compensation agreements$2,043 $2,347 
v3.25.4
Income Taxes
 12 Months Ended
Dec. 31, 2025
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
Mid Penn accounts for income taxes in accordance with ASC 740, Income Taxes. Deferred tax assets and liabilities are recognized for the expected future tax consequences attributable to the differences between the financial statement carrying amounts of assets and liabilities and their respective tax bases.
In 2025, Mid Penn adopted ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures. The adoption impacted the Corporation's income tax disclosures but did not have a material impact on its consolidated financial position, results of operations, or cash flows.
Significant components of the Corporation’s net deferred tax asset as of December 31, 2025 and 2024 are shown below.
(In thousands)20252024
Deferred tax assets:
Allowance for loan losses$8,031 $7,878 
Loan fees811 769 
Deferred compensation1,899 1,317 
Benefit plans46 50 
Unrealized loss on securities2,373 5,389 
Lease adjustments53 87 
Business combination adjustments7,057 4,659 
Acquired NOL, Section 1231, and charitable contribution carryforwards3,198 3,153 
 Rabbi trust442 521 
 Riverview AMT credits547 621 
 Equity compensation776 249 
 Riverview subordinated debt fair value adjustment— 139 
 Software renewal costs194 222 
 Unfunded commitments and loan basis adjustments609 491 
 Investments in flow-through entities203 517 
 Other276 482 
Total deferred tax assets$26,515 $26,544 
Deferred tax liabilities: 
Depreciation$(2,134)$(1,160)
Bond accretion(401)(269)
Goodwill and intangibles(226)(505)
Prepaid expenses(818)(74)
Benefit plans(1,520)(1,368)
Interest rate swaps— (421)
Total deferred tax liabilities(5,099)(3,797)
Deferred tax asset, net$21,416 $22,747 
In assessing the Corporation’s ability to realize deferred federal tax assets, management considers whether it is more likely than not some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred tax liabilities, projected future taxable income, and prudent, feasible and permissible as well as available tax planning strategies in making this assessment. As of December 31, 2025, based on the level of historical taxable income and projections for future taxable income over the periods in which the deferred tax assets are deductible, management believes it is more likely than not that Mid Penn will realize the benefits of these deferred tax assets and has no valuation allowances recorded against any components of its
deferred tax asset, including the carryforward balances related to net operating losses ("NOL"), Section 1231 losses, and charitable contribution carryforwards.
As of December 31, 2025, Mid Penn had NOL carryforwards of $3.2 million, which were acquired in prior business combinations and are set to expire in 2032. Utilization of these NOLs is subject to limitations under the Tax Cuts and Jobs Act ("TCJA"), which generally limits the deduction to 80% of taxable income computed without regard to the NOL deduction, as well as limitations under Internal Revenue Code Section 382.
Mid Penn had no charitable contribution carryforwards as of December 31, 2025 and December 31, 2024. During the years ended December 31, 2025, 2024 and 2023, Mid Penn generated sufficient taxable income to utilize all charitable contribution carryforwards. Mid Penn expects to generate sufficient taxable income to utilize all charitable contribution carryforwards in the future.
The annual usage of acquired NOL, charitable contribution carryforwards, and Section 1231 losses is limited by Internal Revenue Service ("IRS") Section 382 regulations. These limitations are calculated separately for each acquisition as the federal long-term tax-exempt rate at the date of acquisition multiplied by the valuation of the selling company as calculated in accordance with GAAP. As a result, the usage of acquired NOLs, charitable contribution carryforwards, AMT carryforwards, and Section 1231 losses to offset taxable income related to the Riverview Acquisition is limited to $2.0 million per year.
Mid Penn and its subsidiaries are subject to U.S. federal income tax and income tax for the states of Pennsylvania, New Jersey, Florida, and Maryland. These jurisdictions represent the primary states comprising the majority of the Company's state and local income tax expense. With limited exceptions, Mid Penn is no longer subject to examination by taxing authorities for years before 2017.
The provision for income taxes consists of the following:
(In thousands)202520242023
Current tax provision
Federal$2,199 $7,118 $7,570 
State108 864 1,033 
Total current tax provision$2,307 $7,982 $8,603 
Deferred tax expense (benefit)
Federal$12,910 $1,998 $(525)
State905 615 (781)
Total deferred tax expense (benefit)13,815 2,613 (1,306)
Total provision for income taxes$16,122 $10,595 $7,297 
A reconciliation of the federal income tax provision at the statutory rate of 21% to Mid Penn's actual federal income tax provision at its effective rate is as follows:
(In thousands)202520242023
Provision at the expected statutory rate$15,198 21.0 %$12,607 21.0 %$9,388 21.0 %
Low income housing partnership tax credits(614)(0.8)(2,163)(3.6)(1,337)(3.0)
Effect of tax-exempt income(770)(1.1)(804)(1.3)(641)(1.4)
Effect of investment in life insurance(485)(0.7)(770)(1.3)(252)(0.6)
Nondeductible merger and acquisition expense704 1.0 48 0.1 207 0.5 
State income taxes, net of federal tax benefit800 1.1 1,169 1.9 199 0.4 
Nondeductible interest128 0.2 150 0.2 108 0.2 
Executive compensation581 0.8 — — — — 
Equity compensation242 0.3 — — — — 
Other items338 0.5 358 0.6 (375)(0.8)
Provision for income taxes$16,122 22.3 %$10,595 17.6 %$7,297 16.3 %
Mid Penn has no unrecognized tax benefits that, if recognized, would favorably affect the effective income tax rate. Mid Penn does not expect the total amount of unrecognized tax benefits to significantly increase or decrease in the next twelve months.
No amounts for interest and penalties were recorded in income tax expense in the Consolidated Statement of Income for the years ended December 31, 2025, 2024, or 2023. There were no amounts accrued for interest and penalties as of December 31, 2025 or 2024.
Mid Penn paid the following income taxes, net of refunds, during the year ended December 31, 2025:
(In thousands)2025
Federal$5,350 
State
New Jersey395 
Other states7 
Total state402 
Total Income Taxes Paid$5,752 
v3.25.4
Regulatory Matters
 12 Months Ended
Dec. 31, 2025
Broker-Dealer, Net Capital Requirement, SEC Regulation [Abstract]  
Regulatory Matters Regulatory Matters
Mid Penn and the Bank are subject to regulatory capital requirements administered by banking regulators. Failure to meet minimum capital requirements can trigger certain mandatory and, possibly, additional discretionary, actions by the regulators that, if undertaken, could have a direct material effect on the Corporation's financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that involve quantitative measures of its assets, liabilities, and certain off-balance sheet items as calculated under regulatory account practices. The Bank's capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors.
As of December 31, 2025 and 2024, the Corporation and the Bank met all applicable capital adequacy requirements, and the Bank was considered "well-capitalized" under applicable regulatory standards. However, future changes in regulations could increase capital requirements and may have an adverse effect on capital resources.
Minimum regulatory capital requirements established by Basel III rules require the Corporation and the Bank to:
•Meet a minimum Common Equity Tier I capital ratio of 4.5% of risk-weighted assets;
•Meet a minimum Tier I Capital ratio of 6.0% of risk-weighted assets;
•Meet a minimum Total Capital ratio of 8.0% of risk-weighted assets;
•Meet a minimum Tier I leverage capital ratio of 4.0% of average assets;
•Maintain a "capital conservation buffer" of 2.5% above the minimum risk-based capital requirements, which must be maintained to avoid restrictions on capital distributions and certain discretionary bonuses; and
•Comply with the definition of capital to improve the ability of regulatory capital instruments to absorb losses.
The Basel III Rules use a standardized approach for risk weightings. Failure to maintain the "capital conservation buffer" results in restrictions on capital distributions and certain discretionary bonus payments to executive officers. As a result, under the Basel III Rules, if the Bank fails to maintain the required minimum capital conservation buffer, the Corporation will be subject to limits, and possibly prohibitions, on its ability to obtain capital distributions from the Bank. If the Corporation does not receive sufficient cash dividends from the Bank, it may not have sufficient funds to pay dividends on its common stock, service its debt obligations or repurchase its common stock.
Certain restrictions exist regarding the ability of the Bank to transfer funds to the Corporation in the form of cash dividends, loans, or advances. The amount of dividends that may be paid from the Bank to the Corporation in any calendar year is limited to the Bank’s current year’s net profits, combined with the retained net profits of the preceding two years. For the year ended December 31, 2025, $74.2 million of undistributed earnings of the Bank, included in the consolidated shareholders’ equity balance, was available for distribution to the Corporation in the form of dividends without prior regulatory approval, subject to regulatory capital requirements below.
The following tables present the regulatory capital levels, leverage ratios, and risk-based capital ratios as of December 31:
ActualMinimum for
Basel III Capital
Adequacy		To Be Well-Capitalized
Under Prompt
Corrective
Action Provisions
(Dollars in thousands)AmountRatioAmountRatioAmountRatio
Mid Penn Bancorp, Inc.
2025
Tier 1 Capital (to Average Assets)$668,092 11.0%$242,447 4.0%N/AN/A
Common Equity Tier 1 Capital (to Risk-Weighted Assets)668,092 13.5345,190 7.0N/AN/A
Tier 1 Capital (to Risk-Weighted Assets)668,092 13.5419,160 8.5N/AN/A
Total Capital (to Risk-Weighted Assets)706,029 14.3517,785 10.5N/AN/A
Mid Penn Bank
2025
Tier 1 Capital (to Average Assets)$656,480 10.9%$241,963 4.0%$302,453 5.0%
Common Equity Tier 1 Capital (to Risk-Weighted Assets)656,480 13.4344,074 7.0319,497 6.5
Tier 1 Capital (to Risk-Weighted Assets)656,480 13.4417,804 8.5393,227 8.0
Total Capital (to Risk-Weighted Assets)694,417 14.1516,111 10.5491,534 10.0
Mid Penn Bancorp, Inc.
2024
Tier 1 Capital (to Average Assets)$535,501 10.0%$214,621 4.0%N/AN/A
Common Equity Tier 1 Capital (to Risk-Weighted Assets)535,501 11.9313,979 7.0N/AN/A
Tier 1 Capital (to Risk-Weighted Assets)535,501 11.9381,261 8.5N/AN/A
Total Capital (to Risk-Weighted Assets)618,971 13.8470,969 10.5N/AN/A
Mid Penn Bank
2024
Tier 1 Capital (to Average Assets)$495,729 9.2%$214,461 4.0%$268,076 5.0%
Common Equity Tier 1 Capital (to Risk-Weighted Assets)495,729 11.1313,456 7.0291,066 6.5
Tier 1 Capital (to Risk-Weighted Assets)495,729 11.1380,625 8.5358,235 8.0
Total Capital (to Risk-Weighted Assets)533,458 11.9470,183 10.5$447,794 10.0
v3.25.4
Commitments and Contingencies
 12 Months Ended
Dec. 31, 2025
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies Commitments and Contingencies
Mid Penn is a party to financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers. These instruments include commitments to extend credit and standby letters of credit. Commitments to extend credit are agreements to lend to a customer unless there is a violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Mid Penn evaluates each customer’s creditworthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary upon extension of credit, is based on management’s credit evaluation of the customer. Standby letters of credit and financial guarantees written are conditional commitments to guarantee the performance of a customer to a third party. Those guarantees are primarily issued to support public and private borrowing arrangements. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loans to customers. Mid Penn had $66.5 million and $64.3 million of standby letters of credit outstanding as of December 31, 2025 and December 31, 2024, respectively. Mid Penn does not anticipate any losses resulting from these transactions. The amount of the liability as of December 31, 2025 and December 31, 2024 for payment under standby letters of credit issued was not considered material.
Mid Penn is required to estimate expected credit losses for OBS credit exposures which are not unconditionally cancellable. Mid Penn maintains a separate ACL on OBS credit exposures, including unfunded loan commitments and letters of credit, which is included in other liabilities on the accompanying Consolidated Balance Sheets.
The ACL - OBS is adjusted as a provision for OBS commitments in noninterest expense. The estimate includes consideration of the likelihood that funding will occur, an estimate of exposure at default that is derived from utilization rate assumptions using a non-modeled approach, and PD and LGD estimates derived from the same models and approaches used for Mid Penn's other loan portfolio segments described in "Note 4 - Loans and Allowance for Credit Losses - Loans" above, as these unfunded commitments share similar risk characteristics with these loan portfolio segments.
The ACL - OBS as of December 31, 2025 and December 31, 2024 was $2.9 million. The benefit for OBS for the year ended December 31, 2025 was $26 thousand. On January 1, 2023 in conjunction with adopting ASC 326, Mid Penn recorded an additional $3.1 million of provision for OBS which was included in the adoption cumulative effect adjustment.
The following table presents the activity in the ACL - OBS by segment for the year ended December 31, 2025 and December 31, 2024:
(In thousands)Balance as of
December 31, 2024
(Benefit)/Provision for Credit Loss (1)
Balance as of December 31, 2025
1-4 Family Rental$16 $(4)$12 
Commercial and industrial1,165 292 1,457 
CRE NonOwner Occupied132 2 134 
CRE Owner Occupied98 (5)93 
Consumer3 — 3 
Farmland92 5 97 
HELOC & Junior Liens92 38 130 
Multifamily27 (15)12 
Other Construction & Land792 (50)742 
Residential Construction516 (287)229 
Residential First Liens6 (2)4 
$2,939 $(26)$2,913 
(1)     Includes the impact of the William Penn Acquisition on April 30, 2025.
(In thousands)Balance as of
December 31, 2023		(Benefit)/Provision for Credit LossBalance as of December 31, 2024
1-4 Family Rental$11 $5 $16 
Commercial and industrial1,270 (105)1,165 
CRE NonOwner Occupied113 19 132 
CRE Owner Occupied106 (8)98 
Consumer3 — 3 
Farmland108 (16)92 
HELOC & Junior Liens100 (8)92 
Multifamily24 3 27 
Other Construction & Land1,036 (244)792 
Residential Construction778 (262)516 
Residential First Liens18 (12)6 
$3,567 $(628)$2,939 
Litigation
Mid Penn and its subsidiaries are subject to various pending and threatened legal proceedings or other matters arising out of the normal conduct of business in which claims for monetary damages are asserted. As of the date of this report, management, after consultation with legal counsel, does not anticipate that the aggregate ultimate liability arising out of such pending or threatened matters will be material to Mid Penn’s consolidated financial position. On at least a quarterly basis, Mid Penn assesses its liabilities and contingencies in connection with such matters. For those matters where it is probable that Mid Penn will incur losses and the amounts of the losses can be reasonably estimated, Mid Penn records an expense and corresponding liability in its consolidated financial statements. To the extent such matters could result in exposure in excess of that liability, the amount of such excess is not currently estimable. The range of losses for matters where an exposure is not currently estimable or considered probable is not believed to be material in the aggregate. This is based on information currently available to Mid Penn and involves elements of judgment and significant uncertainties. While Mid Penn does not believe that the outcome of pending or threatened litigation or other matters will be material to Mid Penn’s consolidated financial position, it cannot rule out the possibility that such outcomes will be material to the consolidated results of operations for a particular reporting period in the future. In addition, regardless of the ultimate outcome of any such legal proceeding, inquiry or investigation, any such matter could cause Mid Penn to incur additional expenses, which could be significant, and possibly material, to Mid Penn’s results of operations in any future period.
v3.25.4
Earnings Per Share
 12 Months Ended
Dec. 31, 2025
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
Basic earnings per share ("EPS") is computed by dividing net income available to common shareholders by the weighted-average number of common shares outstanding during the period. Diluted EPS is computed by dividing net income available to common shareholders by the weighted-average number of common shares outstanding plus the effect of potentially dilutive common shares, which include stock options and unvested restricted stock awards, using the treasury stock method.
The following table sets forth the computation of basic and diluted earnings per common share for years ended December 31:
(In thousands, except per share data)
202520242023
Net income available to common shareholders$56,248 $49,437 $37,397 
Weighted-average common shares outstanding - basic21,757,060 17,026,240 16,319,006 
Dilutive effect of stock-based compensation265,415 44,622 31,957 
Weighted-average common shares outstanding - diluted22,022,475 17,070,862 16,350,963 
Basic earnings per common share$2.59 $2.90 $2.29 
Diluted earnings per common share2.55 2.90 2.29 
Anti-dilutive shares are common stock equivalents with weighted-average exercise prices in excess of the weighted-average market value for the periods presented. There were 9,691 stock options that were anti-dilutive for the year ended December 31, 2025. These stock options were assumed in the William Penn acquisition. There were no antidilutive shares for the years ended December 31, 2024 and 2023.
On November 5, 2024, Mid Penn completed an underwritten public offering of 2,375,000 shares of common stock at a price of $29.50 per share, with the aggregate gross proceeds of the offering totaling $70.0 million before underwriting discounts and offering expenses. The net proceeds of the offering after deducting the underwriting discount and other offering expenses were $67.0 million.
Additionally, on November 5, 2024, Mid Penn sold an additional 356,250 shares of the Corporation's common stock pursuant to an option granted to the underwriters, at the public offering price less underwriting discounts and commissions, or $28.025 per share.
In connection with the William Penn Acquisition on April 30, 2025, the Company issued 3,506,795 shares of common stock as purchase consideration and assumed outstanding equity awards of William Penn, consisting of 538,447 stock options and 215,386 restricted stock units (RSUs). These additional shares issued significantly impacted the weighted-average shares outstanding for the year ended December 31, 2025.
v3.25.4
Shareholders' Equity
 12 Months Ended
Dec. 31, 2025
Common Stock, Number of Shares, Par Value and Other Disclosure [Abstract]  
Shareholders' Equity Shareholders' Equity
Accumulated Other Comprehensive Loss (Income)
The components of accumulated other comprehensive loss (income), net of taxes, are as follows:
(In thousands)
Unrealized Loss on
Securities		Unrealized Holding Losses on Interest Rate Derivatives used in Cash Flow HedgesDefined Benefit
Plans		Total
Balance as of December 31, 2022$(19,327)$— $111 $(19,216)
OCI before reclassifications1,988 820 (212)2,596 
Amounts reclassified from AOCI— — (17)(17)
Balance - December 31, 2023(17,339)820 (118)(16,637)
OCI before reclassifications(1,550)665 723 (162)
Amounts reclassified from AOCI— — (26)(26)
Balance - December 31, 2024(18,889)1,485 579 (16,825)
OCI before reclassifications11,918 (1,676)308 10,550 
Amounts reclassified from AOCI— — (48)(48)
Balance - December 31, 2025$(6,971)$(191)$839 $(6,323)
Treasury Stock Repurchase Program
Mid Penn adopted a treasury stock repurchase program ("Program") initially effective March 19, 2020, and renewed through April 24, 2026 by Mid Penn’s Board of Directors on April 23, 2025. The Program authorizes the repurchase of up to $15.0 million of Mid Penn’s outstanding common stock. Under the Program, Mid Penn conducts repurchases of its common stock through open market transactions (which may be by means of a trading plan adopted under SEC Rule 10b5-1) or in privately negotiated transactions. Repurchases under the Program are made at the discretion of management and are subject to market conditions and other factors. There is no guarantee as to the exact number of shares that Mid Penn may repurchase. The Program is able to be modified, suspended or terminated at any time, at Mid Penn’s discretion, based upon a number of factors, including liquidity, market conditions, the availability of alternative investment opportunities and other factors Mid Penn deems appropriate. The Program does not obligate Mid Penn to repurchase any shares.
Mid Penn repurchased 79,169 shares during 2025 at an average price per share of $28.50 under its share repurchase program. As of December 31, 2025, Mid Penn had repurchased an aggregate total of 519,891 shares of common stock at an average price of $23.65 per share under the Program. The Program had $2.7 million remaining available for repurchase as of December 31, 2025.
Dividend Reinvestment Plan
The amended and restated Dividend Reinvestment Plan of Mid Penn Bancorp, Inc. allows holders of the Corporation's common shares to purchase additional shares of the Corporation's common stock, par value $1.00 per share. Under the plan, participants may have cash dividends on all of their shares automatically reinvested, and each participating shareholder may also make optional cash contributions to purchase additional shares.
As of December 31, 2025, participants in the plan held 485,896 shares of the Corporation's common stock.
v3.25.4
Stock-Based Compensation Plans
 12 Months Ended
Dec. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Stock-Based Compensation Plans Stock-Based Compensation Plans
The Corporation recognizes stock-based compensation expense for equity awards based on the grant-date fair value of the awards. Compensation expense is recognized on a straight-line basis over the requisite service period and is included in salaries and benefits expense in the Consolidated Statements of Income.
On May 9, 2023, shareholders approved the 2023 Stock Incentive Plan, which authorizes Mid Penn to grant incentive stock options, nonqualified stock options, stock appreciation rights, restricted stock, deferred stock units and performance shares. The 2023 Plan was established for employees and directors of Mid Penn and the Bank, selected by the Compensation Committee of the Board of Directors, to incentivize the further success of the Company, and replaced the 2014 Restricted Stock Plan. The aggregate number of shares of common stock of the Company available for issuance under the Plans is 550,000 shares.
As of December 31, 2025, a total of 314,804 restricted shares were granted under the Plans, of which 110,845 shares were unvested. The Plan's shares granted and vested resulted in $4.5 million and $1.1 million in stock-based compensation expense for the years ended December 31, 2025 and 2024, respectively.
Stock-based compensation expense relating to restricted stock is calculated using grant-date fair value and is recognized on a straight-line basis over the vesting periods of the awards. Restricted shares granted to employees vest in equal amounts on the anniversary of the grant date over the vesting period and the expense is a component of salaries and benefits expense on the Consolidated Statement of Income. The employee grant vesting period is determined by the terms of each respective grant, with vesting periods generally between one and four years. Restricted shares granted to directors have a twelve-month vesting period, and the expense is a component of directors’ fees and benefits within the other expense line item on the Consolidated Statement of Income.
Compensation expense and related tax benefits for restricted stock awards recognized on the Consolidated Statements of Income for the years ended December 31 is as follows:
(In thousands)202520242023
Compensation expense$1,999 $1,047 $1,103 
Tax benefit (1)
(420)(220)(232)
Net income effect$1,579 $827 $871 
(1)    Calculated using statutory tax rate of 21%.
A summary of the restricted stock activity for the year ended December 31, 2025 is as follows:
(Dollars in thousands)Number of SharesWeighted-Average Grant-Date Fair Value
Non-vested as of January 1, 202582,278$23.75 
Vested(37,878)28.35 
Granted66,44525.90 
Non-vested as of December 31, 2025110,84523.46 

As of December 31, 2025, there was $2.7 million of total unrecognized compensation cost related to non-vested restricted stock awards, which is expected to be recognized over a weighted-average period of 2.7 years through September 2028. Mid Penn recognizes the impact of forfeitures as of the forfeiture date.
Equity Awards Assumed from William Penn Acquisition
In connection with the William Penn Acquisition on April 30, 2025, the Corporation issued 3,506,795 shares of common stock as purchase consideration and assumed outstanding equity awards of William Penn, resulting in the issuance of 538,447 stock options and 215,386 restricted stock units "RSUs" of which 134,618 stock options and 53,822 restricted stock units remained unvested as of December 31, 2025.
Compensation expense for stock options was $1.0 million for the year ended December 31, 2025. As of December 31, 2025, unrecognized compensation expense related to unvested options was $776 thousand. Compensation expense for restricted stock awards was $2.1 million for the year ended December 31, 2025. As of December 31, 2025, unrecognized compensation cost related to unvested restricted stock was $1.1 million.
The assumed awards are subject to the original vesting terms and conditions included in the William Penn stock-based compensation plan.
v3.25.4
Segment Reporting
 12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Segment Reporting Segment Reporting
Mid Penn operates as a single reportable segment, providing a broad range of banking and financial services to individuals, businesses, and institutional clients. These services include commercial and consumer lending, deposit products, wealth management, insurance, and treasury management solutions. The Chief Executive Officer, and the Chief Financial Officer together act as the Mid Penn Chief Operating Decision Makers ("CODM"). The CODM regularly evaluates financial performance and allocates resources on a consolidated basis.
The following table presents financial information reviewed by the CODM in assessing performance and allocating resources:

(In thousands)December 31, 2025December 31, 2024December 31, 2023
Net interest income$199,095 $156,671 $146,973 
Provision for credit losses1,2971,5163,699
Noninterest income26,84222,49320,008
Noninterest expense152,270117,616118,588
Provision for Income taxes16,12210,5957,297
Net income56,24849,43737,397
Total assets$6,133,896 $5,470,936 $5,290,792 
Other Segment Information
Revenue Composition: Mid Penn generates revenue primarily from net interest income and noninterest income, including fees from deposit accounts, wealth management, insurance, and treasury services.
Capital Allocation & Performance Metrics: The CODM assesses performance based on key financial metrics, including net interest margin, return on assets ("ROA"), return on equity ("ROE") and efficiency ratio.
v3.25.4
Variable Interest Entities
 12 Months Ended
Dec. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Variable Interest Entities Variable Interest Entities
Mid Penn invests in Low-Income Housing Tax Credit ("LIHTC") partnerships that are considered variable interest entities ("VIEs") under ASC 810, Consolidation. These partnerships are formed to develop and operate affordable housing projects that qualify for federal tax credits under Section 42 of the Internal Revenue Code.
The Company evaluates its LIHTC investments to determine whether it has a controlling financial interest in the partnerships. A controlling financial interest exists if the Company:
•Has the power to direct activities that most significantly impact the entity's economic performance; and
•Has the obligation to absorb losses or the right to receive benefits that could be significant.
Based on this assessment, Mid Penn has determined that it is not the primary beneficiary of the LIHTC partnerships, as it does not control the significant operating decisions. Therefore, these entities are not consolidated in the financial statements.
Mid Penn accounts for its LIHTC investments using the proportional amortization method under ASC 323-740, Investments - Equity method and Joint Ventures: Investments in Qualified Affordable Housing Projects. Under this method:
•The initial investment is recorded as an asset with Other Assets on the Consolidated Balance Sheet.
•Tax credits and other tax benefits are recognized as a reduction of income tax expense.
•The investment is amortized over the period in which the tax credits are received, with amortization recorded as a component of income tax expense.
The investments in these unconsolidated entities are reflected in other assets on the Consolidated Balance Sheet, and are summarized for the periods below:
For the Year Ended
(In thousands)December 31, 2025December 31, 2024
Income tax benefits
$2,582 $2,163 
Amortization of LIHTC investments
1,969 2,290 
LIHTC investments are periodically assessed for impairment. No impairment losses were recognized for the years ended December 31, 2025 and 2024.
In addition, Mid Penn holds private equity investments classified as variable interest entities, with a total carrying value of $4.7 million and $2.8 million as of December 31, 2025 and 2024. respectively. Mid Penn’s maximum exposure to loss is limited to the carrying value of its investment.
v3.25.4
Parent Company Statements
 12 Months Ended
Dec. 31, 2025
Condensed Financial Information Disclosure [Abstract]  
Parent Company Statements Parent Company Statements
The Parent Company Statements present the standalone financial position and results of Mid Penn Bancorp, Inc. Parent company transactions with subsidiaries are eliminated in consolidation.
CONDENSED BALANCE SHEETS
December 31,
(In thousands)20252024
ASSETS
Cash and cash equivalents$3,479 $83,209 
Investment in subsidiaries808,102 617,476 
Other assets3,775 1,423 
Total assets$815,356 $702,108 
LIABILITIES AND SHAREHOLDERS' EQUITY
Subordinated debt and trust preferred securities$— $45,741 
Other liabilities1,298 1,349 
Shareholders' equity814,058 655,018 
Total liabilities and shareholders' equity$815,356 $702,108 
CONDENSED STATEMENTS OF INCOME
Year Ended December 31,
(In thousands)202520242023
Income
Other income$41 $62 $147 
Total Income41 62 147 
Expenses21,009 6,677 10,865 
Loss before income tax and equity in undistributed earnings of subsidiaries(20,968)(6,615)(10,718)
Income Tax Benefit4,114 1,549 2,932 
Equity in undistributed earnings of subsidiaries73,102 54,503 45,183 
Net Income$56,248 $49,437 $37,397 
CONDENSED STATEMENTS OF CASH FLOWS
Year Ended December 31,
(In thousands)202520242023
CASH FLOWS FROM OPERATING ACTIVITIES
Net income$56,248 $49,437 $37,397 
Equity in undistributed earnings of subsidiaries(73,102)(54,503)(45,183)
Stock based compensation1,999 1,047 1,103 
Amortization of debt issuance costs5 7 7 
Net change in other assets (2,352)2,829 (3,407)
Net change in other liabilities(517)(854)(246)
Net cash used in operating activities(17,719)(2,037)(10,329)
CASH FLOWS FROM INVESTING ACTIVITIES
Net cash paid for acquisition4,772 — (25,574)
Investment in subsidiary(8,588)12,810 71,493 
Net cash (used in)/provided by investing activities$(3,816)$12,810 $45,919 
CASH FLOWS FROM FINANCING ACTIVITIES
Dividends paid(18,160)(13,822)(12,981)
Employee and Director Stock Purchase Plans stock issuance619 561 482 
Proceeds from issuance of common stock— 75,956 — 
Treasury stock purchased(2,250)(323)(4,876)
Stock options exercised6,876 — — 
Subordinated debt and trust preferred securities redemption(45,280)— (10,000)
Net cash (used in)/provided by financing activities(58,195)62,372 (27,375)
Net (decrease)/increase in cash and cash equivalents(79,730)73,145 8,215 
Cash and cash equivalents, beginning of year83,209 10,064 1,849 
Cash and cash equivalents, end of year$3,479 $83,209 $10,064 
v3.25.4
Insider Trading Arrangements
 3 Months Ended
Dec. 31, 2025
Trading Arrangements, by Individual  
Rule 10b5-1 Arrangement Adopted false
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
v3.25.4
Insider Trading Policies and Procedures
 12 Months Ended
Dec. 31, 2025
Insider Trading Policies and Procedures [Line Items]  
Insider Trading Policies and Procedures Adopted true
v3.25.4
Cybersecurity Risk Management and Strategy Disclosure
 12 Months Ended
Dec. 31, 2025
Cybersecurity Risk Management, Strategy, and Governance [Line Items]  
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]
Mid Penn places an emphasis on managing risks effectively to achieve its business goals and maintain the confidence of its shareholders. Cybersecurity is one of the company's most critical risks and is an integral part of our Risk Management program. We are open about our willingness to take risks and regularly review and update our risk management policies to keep up with the ever-changing financial landscape. Our risk committees, made up of experienced professionals, carefully evaluate the risks associated with our business activities, ensuring that our risk-taking aligns with our overall corporate goals.
Mid Penn engages a team of external assessors, auditors, and consultants to support our cybersecurity and risk management efforts. We seek information and guidance from reputable third-party organizations such as CISA, RMA, and FS-ISAC to aid in making responsible decisions and mitigating risks. We utilize threat detection and prevention technologies to analyze network traffic and identify atypical behavior that may indicate a potential cyber threat. This proactive approach is intended to enable us to detect threats before they can cause harm to our systems or compromise sensitive information. Additionally, we conduct regular penetration testing and vulnerability assessments to identify and remedy potential deficiencies in our systems.
Mid Penn protects and monitors its technology environment with industry leading security tools including next-generation firewalls with intrusion prevention services, intrusion detection and response tools, email security gateway, log and event monitoring software, and an industry-leading antivirus solution. Each system is administered and monitored by members of our Information Technology and Information Security staff. Real-time alerts received from these systems are responded to by staff and worked until the threat is determined to be mitigated. Impactful computer security events would be subject to the guidance provided in our Incident Response Program, that is tested annually so we are ready to respond if needed.
Mid Penn relies on several reputable service providers who provide systems or support to our technology environment. Service providers are selected carefully and monitored closely through our Vendor Management program. With routine, ongoing service provider reviews that exist throughout the relationship with the service provider, and with alerting for notable events for our service providers in place, we can quickly identify potential threats and mitigate threats with our service providers as needed.
We have created a robust Information Security Awareness Program to deliver our employees pertinent and timely educational content. Mindful that human error can be a significant factor in cybersecurity incidents, our employees undergo regular training to stay informed about the latest threats and best practices. This reduces the risk of inadvertent security breaches and cultivates a culture of security throughout the organization. Additionally, we regularly conduct social engineering tests on our employees to keep them sharp and alert for threats through email, text messages, and voice calls.
Mid Penn did not experience a material incident to our computer systems or networks in 2025.
Cybersecurity Risk Management Processes Integrated [Flag] true
Cybersecurity Risk Management Processes Integrated [Text Block]
Mid Penn places an emphasis on managing risks effectively to achieve its business goals and maintain the confidence of its shareholders. Cybersecurity is one of the company's most critical risks and is an integral part of our Risk Management program. We are open about our willingness to take risks and regularly review and update our risk management policies to keep up with the ever-changing financial landscape. Our risk committees, made up of experienced professionals, carefully evaluate the risks associated with our business activities, ensuring that our risk-taking aligns with our overall corporate goals.
Cybersecurity Risk Management Third Party Engaged [Flag] true
Cybersecurity Risk Third Party Oversight and Identification Processes [Flag] true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag] false
Cybersecurity Risk Board of Directors Oversight [Text Block]
Mid Penn's Information Technology and Security management team is responsible for implementing and executing the company's cybersecurity strategy on a day-to-day basis. This team of cybersecurity experts specializes in managing risks for financial services providers. The Chief Information and Technology Officer has over 20 years of experience and is accompanied by the Director of Information Security with more than 10 years of experience in the field. With more than 15 years of experience in information technology and network security, the Information Technology Operations Manager is highly skilled in network security and risk mitigation. Information Technology and Security management hold a monthly meeting to assess the organization's cybersecurity position and distributes information to the Board of Directors.
The Board of Directors oversees the risk management process, while executive leadership implements risk mitigation and cybersecurity strategies. The company's cybersecurity strategy is actively overseen and guided by the Board of Directors through a quarterly subcommittee meeting with the full Board engaged annually. Executive management provides cybersecurity and risk management updates to the Board through the Management Risk Committee and the Technology Steering Committee. Information Technology knowledge is considered a core competency by eight of eleven Board members. They guide the full Board in setting cybersecurity objectives, approving policies, and allocating resources.
We acknowledge that risk is a natural part of the financial industry. The threat landscape is ever-changing, and with increasingly sophisticated techniques, threat actors pose a greater risk to Mid Penn and its customers, leaving us vulnerable to cyberattacks and information security incidents. However, our commitment is to maintain a careful balance between innovation and risk mitigation. To achieve this, we have developed a risk appetite that aligns with our strategic goals and regulatory requirements. This framework encourages innovation while ensuring our risks are well-understood, measured, and managed.
Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block] The Board of Directors oversees the risk management process, while executive leadership implements risk mitigation and cybersecurity strategies. The company's cybersecurity strategy is actively overseen and guided by the Board of Directors through a quarterly subcommittee meeting with the full Board engaged annually.
Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block] Executive management provides cybersecurity and risk management updates to the Board through the Management Risk Committee and the Technology Steering Committee. Information Technology knowledge is considered a core competency by eight of eleven Board members. They guide the full Board in setting cybersecurity objectives, approving policies, and allocating resources.
Cybersecurity Risk Role of Management [Text Block]
Mid Penn's Information Technology and Security management team is responsible for implementing and executing the company's cybersecurity strategy on a day-to-day basis. This team of cybersecurity experts specializes in managing risks for financial services providers. The Chief Information and Technology Officer has over 20 years of experience and is accompanied by the Director of Information Security with more than 10 years of experience in the field. With more than 15 years of experience in information technology and network security, the Information Technology Operations Manager is highly skilled in network security and risk mitigation. Information Technology and Security management hold a monthly meeting to assess the organization's cybersecurity position and distributes information to the Board of Directors.
Cybersecurity Risk Management Positions or Committees Responsible [Flag] true
Cybersecurity Risk Management Positions or Committees Responsible [Text Block] The Chief Information and Technology Officer has over 20 years of experience and is accompanied by the Director of Information Security with more than 10 years of experience in the field. With more than 15 years of experience in information technology and network security, the Information Technology Operations Manager is highly skilled in network security and risk mitigation. Information Technology and Security management hold a monthly meeting to assess the organization's cybersecurity position and distributes information to the Board of Directors.
Cybersecurity Risk Management Expertise of Management Responsible [Text Block] The Chief Information and Technology Officer has over 20 years of experience and is accompanied by the Director of Information Security with more than 10 years of experience in the field. With more than 15 years of experience in information technology and network security, the Information Technology Operations Manager is highly skilled in network security and risk mitigation.
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block] Executive management provides cybersecurity and risk management updates to the Board through the Management Risk Committee and the Technology Steering Committee. Information Technology knowledge is considered a core competency by eight of eleven Board members. They guide the full Board in setting cybersecurity objectives, approving policies, and allocating resources.We acknowledge that risk is a natural part of the financial industry. The threat landscape is ever-changing, and with increasingly sophisticated techniques, threat actors pose a greater risk to Mid Penn and its customers, leaving us vulnerable to cyberattacks and information security incidents. However, our commitment is to maintain a careful balance between innovation and risk mitigation. To achieve this, we have developed a risk appetite that aligns with our strategic goals and regulatory requirements. This framework encourages innovation while ensuring our risks are well-understood, measured, and managed.
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag] true
v3.25.4
Summary of Significant Accounting Policies (Policies)
 12 Months Ended
Dec. 31, 2025
Accounting Policies [Abstract]  
Basis of Presentation
Basis of Presentation
For all periods presented, the accompanying Consolidated Financial Statements include the accounts of Mid Penn Bancorp, Inc., its wholly-owned subsidiary, Mid Penn Bank, and six wholly-owned nonbank subsidiaries, MPB Acquisition Sub I, LLC, which was formed in connection with the acquisition of Cumberland Advisors, LLC. See "Subsequent Events" for additional information, MPB Realty, LLC, MPB Financial Services, LLC, which includes MPB Wealth Management, LLC (which ceased operating during the first quarter of 2024) and MPB Risk Services, LLC, and MPB Launchpad Fund I, LLC. As of December 31, 2025, the accounts and activities of these nonbank subsidiaries were not material to warrant separate disclosure or segment reporting. As a result, Mid Penn has only one reportable segment for financial reporting purposes. All material intercompany accounts and transactions have been eliminated in consolidation.
For comparative purposes, the December 31, 2024 and December 31, 2023 balances have been reclassified, when necessary, to conform to the 2025 presentation. Such reclassifications had no impact on net income or total shareholders’ equity. In the opinion of management, all adjustments necessary for fair presentation of the periods presented have been reflected in the accompanying consolidated financial statements. All such adjustments are of a normal, recurring nature. The presentation of short-term borrowings within cash flows from financing activities in the consolidated statements of cash flows has been revised from a net presentation to a gross presentation of proceeds from short-term borrowings and repayments of short-term borrowings. Prior period amounts have been reclassified to conform to the current period presentation. This reclassification had no impact on previously reported net cash flows provided by financing activities.
The accounting and reporting policies of Mid Penn conform with accounting principles generally accepted in the United States ("GAAP") and to general practice within the financial services industry. Following is a description of the more significant accounting policies.
Subsequent Events
Subsequent Events
Mid Penn has evaluated events and transactions occurring subsequent to the balance sheet date of December 31, 2025 for items that should potentially be recognized or disclosed in these consolidated financial statements. The evaluation was conducted through the issuance date of these consolidated financial statements. There were no events or transactions that occurred subsequent to the balance sheet date that would require adjustment to the financial statements.
Use of Estimates
Use of Estimates
The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could materially differ from those estimates.
Material estimates subject to significant change include the allowance for credit losses, expected cash flows and collateral values associated with individually evaluated loans, the carrying value of other real estate owned ("OREO"), the fair value of financial instruments, business combination fair value computations, the valuation of goodwill and other intangible assets, stock-based compensation and deferred income tax assets.
Business Combinations
Business Combinations
Business combinations are accounted for using the acquisition method of accounting in accordance with ASC 805, Business Combinations. Under this method, the Company recognizes the identifiable assets acquired and liabilities assumed at their estimated fair values as of the acquisition date.
The determination of the fair values of assets acquired and liabilities assumed requires management to make significant estimates and assumptions. Fair values are generally determined using discounted cash flow methodologies and other valuation techniques that incorporate projected cash flows, estimated credit losses, prepayment assumptions, market interest rates, and other market-based inputs. Projected cash flows are developed using contractual terms adjusted for expected prepayments and credit losses, and are discounted using rates that reflect current market conditions and the risk characteristics of the assets or liabilities. Management may engage independent third-party valuation specialists to assist in determining certain fair values.
The excess of the purchase price over the estimated fair value of the net assets acquired is recorded as goodwill. If the fair value of the identifiable net assets acquired exceeds the purchase price, the excess is recognized as a bargain purchase gain in earnings on the acquisition date.
Acquisition-related costs, such as legal and advisory fees, are expensed as incurred.
Measurement period adjustments are recorded in the reporting period in which the amounts are determined, if identified within one year of the acquisition date, as permitted by ASC 805.
Significant Group of Concentrations of Credit Risk
Significant Group of Concentrations of Credit Risk
Most of the Corporation’s activities are with customers located within Pennsylvania, with a minor portion also occurring in New Jersey. "Note 3 - Investment Securities" discusses the types of investment securities in which the Corporation invests. "Note 4 - Loans and Allowance for Credit Losses - Loans" discusses the types of lending that the Corporation engages in as well as loan concentrations. The Corporation does not have a significant concentration of credit risk with any one customer.
Fair Value Measurements
Fair Value Measurements
The Corporation uses estimates of fair value in applying various accounting standards for its consolidated financial statements on either a recurring or nonrecurring basis. Fair value is defined as the price that would be received to sell an asset or transfer a liability in an orderly transaction between willing and able market participants. The Corporation groups its assets and liabilities measured at fair value in three hierarchy levels, based on the observability and transparency of the inputs.
In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, the level in the fair value hierarchy within which the fair value measurement in its entirety falls has been determined based on the lowest level input that is significant to the fair value measurement in its entirety. It is the Corporation’s policy to maximize the use of observable inputs and minimize the use of unobservable inputs in estimating fair value. Unobservable inputs are utilized in determining fair value estimates only to the extent that observable inputs are not available. The need to use unobservable inputs generally results from a lack of market liquidity and trading volume. Transfers between levels of fair value hierarchy are recorded at the end of the reporting period.
Mid Penn uses estimates of fair value in applying various accounting standards to its consolidated financial statements on either a recurring or nonrecurring basis. Fair value is defined as the price that would be received to sell an asset or transfer a liability in an orderly transaction between willing and able market participants. Mid Penn groups its assets and liabilities measured at fair value in three hierarchy levels, based on the observability and transparency of the inputs. The fair value hierarchy is as follows:
Level 1 - Inputs that represent quoted prices for identical instruments in active markets.
Level 2 - Inputs that represent quoted prices in markets that are not active, or inputs that are observable either directly or indirectly, for substantially the full term of the asset or liability.
Level 3 - Inputs that are largely unobservable, as little or no market data exists for the instrument being valued.
Available-for-sale investment securities - The fair value of equity and debt securities classified as available-for-sale is determined by obtaining quoted market prices on nationally recognized securities exchanges (Level 1) or matrix pricing (Level 2). Matrix pricing is a mathematical technique widely used in the industry to value debt securities without relying exclusively on quoted market prices for the specific securities, but rather, relying on the securities’ relationship to other benchmark quoted prices.
Equity securities - The fair value of equity securities with readily determinable fair values is recorded on the Consolidated Balance Sheet, with realized and unrealized gains and losses reported in other expense on the Consolidated Statements of Income.
Loans held-for-sale - This category includes mortgage loans held-for-sale that are measured at fair value on a recurring basis. Fair values as of December 31, 2025 were measured as the price that secondary market investors were offering for loans with similar characteristics.
Derivative instruments - Interest rate swaps are measured by alternative pricing sources with reasonable levels of price transparency in markets that are not active. Based on the complex nature of interest rate swap agreements, the markets these instruments trade in are not as active or liquid as those for more mature Level 1 markets. These markets do, however, have comparable, observable inputs in which an alternative pricing source values these assets to arrive at a fair market value. These characteristics classify interest rate swap agreements as Level 2.
Mortgage banking derivatives - represent the fair value of mortgage banking derivatives in the form of interest rate locks and forward commitments with secondary market investors and the fair value of interest rate swaps. The fair values of Mid Penn's interest rate locks, forward commitments and interest rate swaps represent the amounts that would be required to settle the derivative financial instruments at the balance sheet date. These characteristics classify mortgage banking derivatives as Level 2. See "Note 12 - Derivative Financial Instruments," for additional information.
Certain financial assets and financial liabilities are measured at fair value on a nonrecurring basis. These instruments are not measured at fair value on an ongoing basis, but are subject to fair value adjustments in certain circumstances (for example, upon acquisition or when there is evidence of impairment).
Cash and Cash Equivalents
Cash and Cash Equivalents
For purposes of the Consolidated Statements of Cash Flows, cash and cash equivalents include cash on hand, balances due from banks, and federal funds sold, all of which mature within ninety days.
Restrictions on Cash and Due from Bank Accounts
Restrictions on Cash and Due from Bank Accounts
The Bank is required by banking regulations to maintain certain minimum cash reserves.
Debt Investment Securities and AFS and HTM Securities
Debt Investment Securities
Mid Penn determines the classification of investment securities at the time of purchase. If Mid Penn has the intent and the ability at the time of purchase to hold debt securities until maturity, they are classified as held-to-maturity ("HTM"). HTM investment securities are stated at amortized cost. Debt securities Mid Penn does not intend to hold to maturity are classified as available-for-sale ("AFS") and carried at estimated fair value with unrealized gains or losses reported as a separate component of stockholders’ equity in accumulated other comprehensive income (loss), net of applicable income taxes. Available-for-sale securities are a part of Mid Penn’s asset/liability management strategy and may be sold in response to changes in interest rates, prepayment risk or other market factors. Management has elected to reclassify realized gains and losses out of accumulated other comprehensive income into earnings when securities are sold on the trade date.
Interest income and dividends on securities are recognized in interest income on an accrual basis. Premiums and discounts on debt securities are amortized as an adjustment to interest income over the period to maturity of the related security using the effective interest method. Realized gains or losses on the sale of securities are determined using the specific identification method.
Mid Penn estimates its allowance for credit losses in accordance with ASC 326, which requires entities to measure expected credit losses over the contractual life of financial assets carried at amortized cost, including HTM securities, as well as certain off-balance sheet credit exposures. ASC 326 also provides a targeted impairment model for AFS debt securities.
To comply with ASC 326, Mid Penn conducted a review of its investment portfolio and determined that for certain classes of securities it would be appropriate to assume the expected credit loss to be zero. This zero-credit loss assumption applies to debt issuances of the U.S. Treasury and agencies and instrumentalities of the United States government. The reasons behind the adoption of the zero-credit loss assumption are as follows:
•High credit rating
•Long history with no credit losses
•Guaranteed by a sovereign entity
•Widely recognized as a "risk-free rate"
•Can print its own currency
•Currency is routinely held by central banks, used in international commerce, and commonly viewed as reserve currency
•Issued or supported by entities with explicit or implicit U.S. government backing
Mid Penn continuously monitors changes in economic conditions, credit ratings, and government guarantees, as well as any other relevant factors that could indicate potential credit deterioration and prompt Mid Penn to reconsider its zero-credit loss assumption.
Mid Penn’s estimated allowance for credit losses on AFS and HTM securities under ASC 326 was deemed immaterial due to the composition of these portfolios. Both portfolios consist primarily of U.S. government agency guaranteed mortgage-backed securities for which the risk of loss is minimal.
AFS Securities
On a quarterly basis, Mid Penn evaluates whether any AFS security has a fair value less than its amortized cost. Once these securities are identified, to determine whether a decline in fair value resulted from a credit loss or other factors, Mid Penn performs further analysis as outlined below:
•Review the extent to which the fair value is less than the amortized cost and consider the security’s lowest credit rating as reported by third-party credit ratings agencies.
•Securities that exceed the credit loss triggers above are subject to additional analysis, which may include, but is not limited to, changes in market interest rates, changes in credit ratings, security type, service area economic conditions, the financial performance of the issuer and/or obligor, and third-party guarantees.
•If Mid Penn determines that a credit loss exists, the credit loss component of the allowance is measured using a DCF analysis based on the effective interest rate as of the security’s purchase date. The amount of credit loss Mid Penn records will be limited to the amount by which the amortized cost exceeds the fair value.
The DCF analysis utilizes contractual maturities, as well as third-party credit ratings and cumulative default rates published annually by a reputable third-party.
As of December 31, 2025, the results of the analysis did not identify any securities that violate the credit loss triggers; therefore, no DCF analysis was performed, and no credit loss was recognized on any of the securities available for sale.
Accrued interest receivable is excluded from the estimate of credit losses for AFS securities. As of December 31, 2025, accrued interest receivable totaled $1.8 million for AFS securities and was reported in accrued interest receivable on the accompanying Consolidated Balance Sheet.
HTM Securities
As discussed above, ASC 326 requires institutions to measure expected credit losses on financial assets carried at amortized cost on a collective or pool basis when similar risks exist. Mid Penn uses several levels of segmentation to measure expected credit losses:
•The portfolio is segmented into agency and non-agency securities.
•The non-agency securities are separated into state and political subdivision obligations and corporate debt securities.
Each individual segment is categorized by third-party credit ratings.
As discussed above, Mid Penn has determined that, for certain classes of securities, it is appropriate to assume expected credit losses of zero, including debt issuances of the U.S. Treasury and agencies and instrumentalities of the United States government. This assumption is reviewed and attested to quarterly.
AFS Securities
As of December 31, 2025, the fair value of AFS securities totaled $416.3 million. As of December 31, 2025, no securities were identified that violated credit loss triggers; therefore, no discounted cash flow analysis was required. As of December 31, 2025, the Corporation recorded no allowance for credit losses on any available-for-sale debt securities.
Accrued interest receivable is excluded from the estimate of credit losses for AFS securities. As of December 31, 2025, accrued interest receivable totaled $1.8 million for AFS securities, and was reported in accrued interest receivable on the accompanying Consolidated Balance Sheet.
HTM Securities
As of December 31, 2025, Mid Penn’s HTM securities totaled $347.3 million. The Corporation primarily held highly rated HTM securities, including taxable and tax-exempt securities issued mainly by the U.S government, state governments, and political subdivisions. As of December 31, 2025, the majority of Mid Penn's HTM securities were rated as A1/BBB by Moody's and/or Standard & Poor's ratings services. Credit ratings of HTM securities, which are a key factor in estimating expected credit losses, are reviewed on a quarterly basis. Management has the intent and ability to hold these securities to maturity.
Equity Securities
Equity Securities
The Corporation reports its equity securities with readily determinable fair values at fair value on the Consolidated Balance Sheet, with realized and unrealized gains and losses reported in other expense on the Consolidated Statements of Income.
Loans Held-for-Sale
Loans Held-for-Sale
The Corporation has elected to measure mortgage loans held-for-sale at fair value. Derivative financial instruments related to mortgage banking activities are also recorded at fair value, as detailed under the heading "Mortgage Banking Derivative Financial Instruments," below. The Corporation determines fair value for its mortgage loans held-for-sale based on the price that secondary market investors would pay for loans with similar characteristics, including interest rate and term, as of the date fair value is measured. Changes in fair values during the period are recorded as components of mortgage banking income on the Consolidated Statements of Income. Interest income earned on mortgage loans held-for-sale is classified in interest income on the Consolidated Statements of Income.
Loans
Loans
Loans that management has the intent and ability to hold for the foreseeable future are reported at their outstanding principal balances, net of an allowance for credit losses, unamortized deferred fees and costs and unamortized premiums or discounts. The net amount of nonrefundable loan origination fees and certain direct costs associated with the lending process are deferred and amortized to interest income over the contractual lives of the loans using methods which approximate the level yield method. Discounts and premiums are amortized or accreted to interest income over the estimated term of the loans using methods that approximate the level yield method. Interest income on loans is accrued based on the unpaid principal balance outstanding and the contractual terms of the loan agreements.
A substantial portion of the loan portfolio is comprised of commercial and real estate loans throughout Pennsylvania with a minor portion in New Jersey. The ability of the Corporation’s debtors to honor their contracts is dependent upon the general economic conditions of these areas.
The loan portfolio is segmented into commercial real estate loans, commercial and industrial loans, construction loans, residential mortgage loans, and consumer loans. Commercial and industrial loans are underwritten after evaluating and understanding the borrower’s ability to repay the loan through operating profitably and effectively growing its business. The Corporation’s management examines current and projected cash flows to determine the ability of the borrower to repay their obligations as agreed. Commercial loans are primarily made based on the credit quality and cash flows of the borrower and secondarily on the underlying collateral provided by the borrower. The cash flows of borrowers, however, may not be as expected and the collateral securing these loans may fluctuate in value. Most commercial loans are secured by the assets being financed or other business assets such as accounts receivable or inventory and may incorporate a personal guarantee to add strength to the credit and reduce the risk on a transaction to an acceptable level; however, some short-term loans may be made on an unsecured basis to the most credit worthy borrowers.
Commercial real estate loans are subject to underwriting standards and processes similar to commercial loans. Commercial real estate lending typically involves higher loan principal amounts, and the repayment of these loans is generally largely dependent on the successful operation of the property securing the loan or the business conducted on the property securing the loan.
With respect to loans to developers and builders, the Corporation generally requires the borrower to have a proven record of success and an expertise in the building industry. Construction loans are underwritten utilizing feasibility studies, independent appraisal reviews, sensitivity analysis of absorption and lease rates and financial analysis of the developers and property owners. Construction loans are generally based upon estimates of costs and value associated with the complete project. These estimates may be inaccurate. Construction loans often involve the disbursement of substantial funds with repayment substantially dependent on the success of the ultimate project.
The Corporation’s non-real estate consumer loans are based on the borrower’s proven earning capacity over the term of the loan. The Corporation monitors payment performance periodically for consumer loans to identify any deterioration in the borrower’s financial strength. To monitor and manage consumer loan risk, policies and procedures are developed and modified, as needed, jointly by management and staff. This activity, coupled with a relatively small volume of consumer loans, helps to mitigate risk.
Acquired Loans
At the purchase or acquisition date, loans are evaluated to determine whether there has been more than insignificant credit deterioration since origination. Loans that have experienced more than insignificant credit deterioration since origination are referred to as purchased credit deteriorated ("PCD") loans. In its evaluation of whether a loan has experienced more than insignificant deterioration in credit quality since origination, Mid Penn takes into consideration loan grades, past due and nonaccrual status. Mid Penn may also consider external credit rating agency ratings for borrowers and for non-commercial loans, FICO score or band, probability of default levels, and number of times past due. At the purchase or acquisition date, the amortized cost basis of PCD loans equals the purchase price plus and an initial estimate of credit losses. The initial recognition of expected credit losses on PCD loans does not impact on net income at the acquisition date. When the initial measurement of expected credit losses on PCD loans is calculated on a pooled loan basis, the expected credit losses are allocated to each loan within the pool based on the relative amortized cost basis. Any difference between the initial amortized cost basis and the unpaid principal balance of the loan represents a noncredit discount or premium, which is accreted (or amortized) into interest income over the life of the loan. Subsequent changes to the ACL on PCD loans are recorded through the provision for credit losses ("PCL"). Loans acquired that do not meet the criteria for PCD are recorded at fair value at the acquisition date. These loans are subsequently evaluated for expected credit losses in accordance with the Corporation's allowance for credit losses methodology, with changes recognized through the provision for credit losses. Any remaining purchase discounts or premiums are accreted (or amortized) over the contractual life of the individual loan.
Loans are charged off against the ACL, with any subsequent recoveries credited back to the ACL account. Expected recoveries may not exceed the aggregate of amounts previously charged off and expected to be charged off.
Loans acquired in the William Penn Acquisition, included in loans, net of unearned interest, on the Consolidated Balance Sheets as of December 31, 2025 totaled $405.3 million. There were no loan acquisitions for the year ended December 31, 2024.
Nonaccrual Loans
The Corporation classifies loans as past due when the payment of principal or interest is 30 days delinquent or greater, based on the contractual next payment due date. The Corporation’s policies related to when loans are placed on nonaccrual status conform to guidelines prescribed by regulatory authorities. Loans are generally placed on nonaccrual status when management determines that principal or interest is not fully collectible, or when principal or interest becomes 90 days past due, whichever occurs first. When loans are placed on nonaccrual status, interest receivable is reversed against interest income in the current period and amortization of any discount ceases. Interest payments received thereafter are applied as a reduction to the remaining principal balance unless management believes that the ultimate collection of the principal is likely, in which case payments are recognized in earnings on a cash basis. Loans are removed from nonaccrual status when they become current as to both principal and interest and the collectability of principal and interest is no longer doubtful.
Generally, a nonaccrual loan that is restructured remains on nonaccrual for a reasonable period of time (generally, at least six consecutive months) to demonstrate the borrower can meet the restructured terms. However, performance prior to the restructuring, or significant events that coincide with the restructuring, are considered in assessing whether the borrower can meet the new terms and may result in the loan being returned to accrual status after a shorter performance period. If the borrower’s ability to meet the revised payment schedule is not reasonably assured, the loan remains classified as a nonaccrual loan.
Modifications to Borrowers Experiencing Financial Difficulty
From time to time, the Corporation may modify certain loans to borrowers experiencing financial difficulty. Such modifications may include principal forgiveness, interest rate reductions, payment deferrals, term extensions, or combinations thereof. Loan modifications to borrowers experiencing financial difficulty are evaluated in accordance with applicable accounting guidance and may result in the recognition of new loans.
Allowance for Credit Losses
Mid Penn’s ACL - loans methodology is based upon guidance within FASB ASC Subtopic 326-20. Management also considers regulatory guidance issued by its primary federal regulator. The ACL - loans is a valuation account that is deducted from the loans’ amortized cost basis to present the net amount expected to be collected on the loans. Credit quality within the loan portfolio is continuously monitored by management and is reflected within the ACL - loans. The
ACL - loans is an estimate of expected losses inherent within Mid Penn’s existing loan portfolio. The ACL - loans is adjusted through the provision for credit losses and reduced by the charge off of loan amounts, net of recoveries.
The loan loss estimation process involves procedures to appropriately consider the unique characteristics of Mid Penn’s loan portfolio segments. When computing allowance levels, credit loss assumptions are estimated using a model that categorizes loan pools based on historical loss experience, delinquency trends and other relevant credit risk characteristics, adjusted for current conditions and reasonable and supportable forecasts. Evaluations of the portfolio and individual credits are inherently subjective, as they require estimates, assumptions and judgments as to the facts and circumstances of particular situations. Determining the appropriateness of the allowance involves significant judgment by management and requires consideration of factors that are inherently uncertain. In future periods, evaluations of the overall loan portfolio, in light of the factors and forecasts then prevailing, may result in significant changes in the allowance and credit loss expense.
Mid Penn estimates the ACL using relevant available information, from internal and external sources, relating to past events, current conditions and reasonable and supportable forecasts. Mid Penn uses a third-party software application to assist in calculating the quantitative portion of the ACL; however, management is responsible for the selection of methodologies, assumptions, and the resulting allowance estimate. The qualitative portion of the allowance is based on general economic conditions and other internal and external factors affecting Mid Penn as a whole, as well as specific loans. Factors considered include the following: lending process, concentrations of credit, and peer group divergence. The quantitative and qualitative portions of the allowance are added together to determine the total ACL, which reflects management’s expectations of future conditions based on reasonable and supportable forecasts.
The methodology for estimating the amount of expected credit losses reported in the ACL has two basic components: a collective, or pooled, component for loans that share similar risk characteristics, and an asset-specific component involving individual loans that do not share risk characteristics with other loans. In estimating the ACL for the collective component, loans are segregated into loan pools based on loan purpose codes and similar risk characteristics.
The commercial real estate and residential mortgage loan portfolio segments include loans for both commercial and residential properties that are secured by real estate. The underwriting process for these loans includes analysis of the financial position and strength of both the borrower and, if applicable, guarantor, experience with similar projects, market demand and prospects for successful completion of the proposed project within the established budget and schedule, values of underlying collateral, availability of permanent financing, maximum loan-to-value ratios, minimum equity requirements, acceptable amortization periods and minimum debt service coverage requirements, based on property type. The borrower’s financial strength and capacity to repay their obligations remain the primary focus of underwriting. Financial strength is evaluated based upon analytical tools that consider historical and projected cash flows and performance, in addition to analysis of the proposed project for income-producing properties. Additional support offered by guarantors is also considered when applicable. Ultimate repayment of these loans is sensitive to interest rate changes, general economic conditions, liquidity and availability of long-term financing.
The commercial and industrial loan portfolio segment includes commercial loans made to many types of businesses for various purposes, such as short-term working capital loans that are usually secured by accounts receivable and inventory, equipment and fixed asset purchases that are secured by those assets, and term financing for those within Mid Penn’s geographic markets. Mid Penn’s credit underwriting process for commercial and industrial loans includes analysis of historical and projected cash flows and performance, evaluation of financial strength of both borrowers and guarantors as reflected in current and detailed financial information, and evaluation of underlying collateral to support the credit.
The consumer loan portfolio segment is comprised of loans which are underwritten after evaluating a borrower’s capacity, credit and collateral. Several factors are considered when assessing a borrower’s capacity, including the borrower’s employment, income, current debt, assets and level of equity in the property. Credit is assessed using a credit report that provides credit scores and the borrower’s current and past information about their credit history. Loan-to-value and debt-to-income ratios, loan amount and lien position are also considered in assessing whether to originate a loan. These borrowers may be more susceptible to downturns in economic trends, including declines in housing prices and increases in unemployment.
Mid Penn utilizes a DCF method to estimate the quantitative portion of the allowance for credit losses for its loan pools. The DCF methodology incorporates historical loss experience, including relevant peer data, adjusted for current conditions and reasonable and supportable forecasts that consider macroeconomic variables such as national unemployment and GDP.
The PD and LGD measures are used in conjunction with prepayment data as inputs into the DCF model to calculate the cash flows at the individual loan level. Contractual cash flows based on loan terms are adjusted for PD, LGD and prepayments to derive loss cash flows. These loss cash flows are discounted by the loan’s effective interest rate to arrive at the discounted cash flow based quantitative loss estimate. The prepayment studies are updated quarterly by a third-party for each applicable pool.
Mid Penn determined that reasonable and supportable forecasts could be developed for a twelve-month period for its loans held-for-investment (LHFI) portfolio. To the extent that the contractual lives of the loans extend beyond this forecast period, Mid Penn applies a reversion period of four quarters and reverts to the historical mean on a straight-line basis over the remaining life of the loans.
Qualitative factors used in the ACL methodology include the following:
•Changes in lending policies, procedures, and underwriting standards
•Changes in portfolio composition and concentrations of credit
•Peer group trends and divergence
The ACL for individual loans, such as nonaccrual and PCD, that do not share risk characteristics with other loans is measured as the difference between the discounted value of expected future cash flows, based on the effective interest rate at origination, and the amortized cost basis of the loan, or the net realizable value. The ACL is the difference between the loan’s net realizable value and its amortized cost basis (net of previous charge-offs and deferred loan fees and costs), except for collateral-dependent loans. A loan is collateral dependent when the borrower is experiencing financial difficulty and repayment of the loan is expected to be provided substantially through the sale of the collateral. The expected credit loss for collateral-dependent loans is measured as the difference between the amortized cost basis of the loan and the fair value of the collateral, adjusted for estimated costs to sell, when repayment is expected to be provided substantially through the sale of the collateral. Fair value estimates for collateral-dependent loans are derived from appraised values based on the current market value or the "as-is" value of the collateral, normally from recently received and reviewed appraisals. Current appraisals are ordered on a regular basis based on the inspection date or more often if market conditions are necessitated. Appraisals are obtained from state-certified appraisers and are based on certain assumptions, which may include construction or development status and the highest and best use of the property. These appraisals are reviewed by Mid Penn’s Appraisal Review Department to ensure they are acceptable, and values are adjusted down for costs associated with asset disposal. If the calculated expected credit loss is determined to be permanent or not recoverable, the amount of the expected credit loss is charged off.
Loans are charged off against the allowance for credit losses on loans, with any subsequent recoveries credited back to the allowance. Expected recoveries may not exceed the aggregate of amounts previously charged off and expected to be charged off.
Premises and Equipment
Premises and Equipment
Land is carried at cost. Buildings, furniture, fixtures, equipment, land improvements, and leasehold improvements are stated at cost less accumulated depreciation. Depreciation is computed by the straight-line method over the estimated useful lives of the assets. Building assets are depreciated using an estimated useful life of five to fifty years. Furniture, fixtures, and equipment are depreciated using an estimated useful life of three to ten years. Land improvements are depreciated over an estimated useful life of ten to twenty years. Leasehold improvements are depreciated using an estimated useful life that is the lesser of the remaining life of the lease or ten to fifteen years. Maintenance and normal repairs are charged to expense when incurred, while major additions and improvements are capitalized. Gains and losses on disposals are reflected in current operations.
The Corporation reviews the carrying value of long-lived assets and certain identifiable intangibles for impairment whenever events and changes in circumstances indicate that the carrying amount of an asset may not be recoverable, as prescribed by ASC Topic 360, "Accounting for the Impairment or Disposal of Long-Lived Assets".
Bank Premises and Equipment Held-For-Sale
Bank Premises and Equipment Held-For-Sale
Bank premises and equipment designated as held-for-sale are included in Other Assets on the Balance Sheet and are carried at the lower of cost or market value, and totaled $475 thousand and $702 thousand as of December 31, 2025 and 2024,
respectively. The $228 thousand decrease in balance as of December 31, 2025 related to the writedown of one property in 2025. As of December 31, 2025, one property remained for sale.
Foreclosed Assets Held-for-Sale
Foreclosed Assets Held-for-Sale
Real estate properties acquired through, or in lieu of, loan foreclosure are initially recorded at their fair value less estimated disposition costs. When such assets are acquired, any shortfall between the loan carrying value and the estimated fair value of the underlying collateral less disposition costs is recorded as an adjustment to the allowance for loan losses while any excess is recognized in income. The Corporation periodically performs a valuation of the property held; any excess of carrying value over fair value less disposition costs is charged to earnings as impairment. Routine maintenance and real estate taxes are expensed as incurred.
Bank-Owned Life Insurance ("BOLI")
Bank-Owned Life Insurance ("BOLI")
Mid Penn is the owner and beneficiary of BOLI policies on current and former Mid Penn directors, as well as BOLI policies acquired through the Phoenix, First Priority, Riverview, Brunswick, and William Penn acquisitions covering certain former Miners Bank, First Priority, Riverview, Brunswick, and William Penn employees. These policies are recorded at the amount that can be realized under the insurance contract at the balance sheet date, which is the cash surrender value adjusted for other charges or other amounts due that are probable at settlement, if applicable. Increases in the cash surrender value of these policies are included in noninterest income in the Consolidated Statements of Income. The Corporation's BOLI policies are invested in general account and hybrid account products that have been underwritten by highly-rated third party insurance carriers.
Mid Penn is also party to certain Split-Dollar Life Insurance Arrangements, and in accordance with GAAP, has accrued a liability related to the postretirement benefit under endorsement split-dollar life insurance arrangements, as well as a liability for the future death benefit obligation.
Goodwill and Other Intangible Assets
Goodwill and Other Intangible Assets
Goodwill represents the excess of the purchase price over the underlying fair value of merged entities. We assess goodwill for impairment annually as of October 31 of each year. The Corporation has one reporting unit, community banking, which includes the Bank, its wholly-owned banking subsidiary. If certain events occur which indicate goodwill might be impaired between annual tests, goodwill must be tested when such events occur. In making this assessment, we use the widely accepted valuation techniques, including the public company market change of control approach and the peer group change of control approach, to determine the fair valuation of the reporting unit. Both approaches include earnings and price-to-tangible book value multiples of comparable public companies, which are applied to the earnings and equity of the reporting unit. The projected tangible book value ("TBV") multiple serves as an indicator of whether the market price or perceived value of the Corporation's tangible assets exceeds its book value. In 2025, the Corporation applied a control premium based on its review of observable transactions and comparable marketplace data. Several factors are considered, such as operating results, business plans, economic projections, anticipated future cash flows, current market data, etc. There are inherent uncertainties related to these factors and our judgment in applying them to the analysis of goodwill impairment. Changes in economic and operating conditions could result in goodwill impairment in future periods. The Corporation did not identify any impairment on its outstanding goodwill from its most recent testing, which was performed as of October 31, 2025.
Core deposit intangible ("CDI") is a measure of the value of checking and savings deposits acquired in business combinations. The fair value of the CDI stemming from any given business combination is based on the present value of the expected cost savings attributable to the core deposit funding relative to an alternative source of funding. CDI is amortized over the estimated useful lives of the existing deposit relationships acquired, but does not exceed ten years. Significantly all CDI is amortized using the sum-of-the-years'-digits method.
Customer list intangibles are a measure of the inherent value of certain customer arrangements acquired in business combinations. The fair value of the customer list is based on the income approach which employs a present value analysis, which calculates the expected after-tax cash flow benefits of the net revenues generated by the acquired customers over the expected life of the acquired customers, discounted at a long-term market-oriented after-tax rate of return on investment. The value assigned to the acquired customers represents the future economic benefit from acquiring the customers (net of
operating expenses). The customer list is amortized over a 10 to 20-year projection period, a sufficient time to capture the economic value of the customer list given an assumed customer attrition rate.
The Corporation evaluates such identifiable intangibles for impairment when events and circumstances indicate that its carrying amount may not be recoverable. If an impairment loss is determined to exist, the loss is reflected as an impairment charge in the Consolidated Statements of Income for the period in which such impairment is identified.
Leases
Leases
Mid Penn leases certain premises and equipment and recognizes a right-of-use ("ROU") asset and a related lease liability for each distinct lease agreement. The lease ROU asset consists of the amount of the initial measurement of the lease liability, adjusted for any lease payments made to the lessor at or before the commencement date, minus any lease incentives received, and any initial direct costs incurred by the lessee (defined as costs of a lease that would not have been incurred had the lease not been executed). The related lease liability is equal to the present value of the future lease payments, discounted using the rate implicit in the lease (or if that rate cannot be readily determined, the lessee’s incremental borrowing rate). Given that the rate implicit in the lease is rarely available, all lease liability amounts are calculated using Mid Penn’s incremental borrowing rate at lease inception, on a collateralized basis, for a similar term. For operating leases existing prior to January 1, 2019, the rate for the remaining lease term as of January 1, 2019 was used.
Operating and finance lease ROU assets, as well as operating lease liabilities, are presented as separate line items on the Consolidated Balance Sheet, while finance lease liabilities are classified as a component of long-term debt.
Operating lease expense, recognized as a component of occupancy expense on the Consolidated Statements of Income, consists of a single lease cost calculated so that the remaining cost of the lease is allocated over the remaining lease term on a straight-line basis. Operating lease expense also includes variable lease payments not included in the lease liability and any impairment of the ROU asset. Finance lease expense consists of the amortization of the ROU asset, recognized as a component of occupancy expense and interest expense on the lease liability, which is recorded as a component of other interest expense, both on the Consolidated Statements of Income.
In assessing whether a contract contains a lease, Mid Penn reviews third-party agreements to determine if the contract conveys the right to control the use of identified property, plant, or equipment for a period of time in exchange for consideration, and grants Mid Penn the right to both obtain substantially all of the economic benefits from the identified asset’s use and the direct the use of the identified asset throughout the term of the agreement.
Upon identification that a lease agreement exists, Mid Penn performs an assessment of the consideration to be paid related to the identified asset and quantifies both the lease components, consisting of consideration paid to transfer a good or service to Mid Penn and non-lease components, consisting of consideration paid for distinct elements of the contract that are not related to securing the use of the leased asset, such as property taxes, common area maintenance, utilities, and insurance.
Many of Mid Penn’s lease agreements include options to extend or renew contracts subsequent to the expiration of the initial lease term. Additionally, for leases that contain escalation clauses related to consumer or other price indices, Mid Penn includes the known lease payment amount as of the commencement date in the calculation of ROU assets and related lease liabilities. Subsequent increases in rental payments over the known amount at the commencement date due to increase in the indices will be expensed as incurred.
None of Mid Penn’s lease agreements include residual value guarantees or material variable lease payments. Mid Penn does not have material restrictions or covenants imposed by leases that would impact Mid Penn’s ability to pay dividends or cause Mid Penn to incur additional financial obligations.
Comprehensive Income
Comprehensive Income
Comprehensive income consists of net income and other comprehensive income (loss). Other comprehensive income (loss) includes changes in unrealized gains and losses on securities available-for-sale arising during the period and reclassification adjustments for realized gains and losses on securities available-for-sale included in net income. Mid Penn has an unfunded noncontributory defined benefit plan for directors and other postretirement benefit plans covering full-time employees. These plans utilize assumptions and methods to calculate the fair value of plan assets and recognizing the
overfunded and underfunded status of the plans on its Consolidated Balance Sheet. Gains and losses, prior service costs and credits are recognized in other comprehensive income (loss), net of tax, until they are amortized, or immediately upon curtailment.
Trust and Wealth Management Assets and Income
Trust and Wealth Management Assets and Income
Assets held by the Bank in a fiduciary or agency capacity for customers of the Bank's Trust and Wealth Management departments of the Bank are not included in the Consolidated Financial Statements since such items are not assets of the Bank. Assets under management totaled $1.0 billion as of December 31, 2025, Trust and wealth income is generally recognized as earned, which is not materially different from recognition on accrual basis.
Revenue Recognition
Revenue Recognition
Mid Penn recognizes revenue when earned based upon contractual terms, as transactions occur, or as related services are provided, and collectability is reasonably assured. The largest source of revenue for Mid Penn is interest income. Noninterest income is earned from various banking and financial services that Mid Penn offers through its subsidiaries. In certain circumstances, noninterest income is reported net of associated expenses. Following is further detail on the various types of noninterest income Mid Penn earns and when it recognized:
Interest Income - primarily recognized on an accrual basis according to loan agreements, investment securities contracts or other such written contracts.
Income from Fiduciary and Wealth Management Activities - consists of trust, wealth management, and investment management fee income, brokerage transaction fee income, and estate fee income. Trust, wealth management, and investment management fee income consists of advisory fees that are typically based on market values of clients’ managed portfolios and transaction fees for fiduciary services performed, both of which are recognized as earned. Brokerage transaction fee income includes advisory fees, which are recognized as earned on a monthly basis and transaction fees that are recognized when transactions occur. Payment is typically received in the following month. Estate fee income is recognized as services are performed over the service period, generally eighteen months.
ATM Debit Card Interchange Income - consists of interchange fees earned when Mid Penn’s debit cards are processed through card payments networks. The interchange fee is calculated as a percentage of the total electronic funds transfer ("EFT") transaction plus a per-transaction fee, which varies based on the type of card used, the method used to process the EFT transaction, and the type of business at which the transaction was processed. Revenue is recognized daily as transactions occur and interchange fees are subsequently processed. Payment for interchange activity is received primarily daily, while some fees are aggregated and payment is received in the following month.
Service Charges on Deposits - consists of cash management, overdraft, non-sufficient fund fees and other service charges on deposit accounts. Revenue is primarily transactional and recognized when earned, which is at the time the respective initiating transaction occurs, and the related service charge is subsequently processed. Payment for service charges on deposit accounts is primarily received immediately or in the following month through a direct charge to the customers’ accounts.
Mortgage Banking Income - consists of gains or losses on the sale of residential mortgage loans and is recognized when the sale is completed.
Mortgage Hedging Income - relates to the changes in fair value of interest rate locks, forward mortgage loan sales commitments and hedging instruments on forward sales commitments.
Other Income - includes credit card royalties, check orders, letter of credit fees and merchant services income. These fees are primarily transactional, and revenue is recognized when transactions occur, and the related services are subsequently processed. Payment is primarily received immediately or in the following month.
Mid Penn does not exercise significant judgment in the recognition of income, as income is generally not recognized until the related performance obligation has been satisfied.
Derivative Financial Instruments
Derivative Financial Instruments
Loan-level Interest Rate Swaps
The Corporation offers certain derivative products directly to qualified commercial lending clients seeking to manage their interest rate risk. The Corporation economically hedges interest rate swap transactions to execute with commercial lending clients by entering into offsetting interest rate swap transactions with institutional derivatives market participants. Derivative transactions executed as part of this program are not designed as qualifying hedging relationships and are, therefore, carried at fair value with the change in fair value recorded as noninterest income. Because these derivatives generally have mirror-image contractual terms, in addition to collateral provisions which mitigate the impact of non-performance risk, the changes in fair value are expected to substantially offset.
Cash Flow Hedges of Interest Rate Risk
Mid Penn’s objectives in using interest rate derivatives are to reduce volatility in net interest income and to manage its exposure to interest rate movements. To accomplish this objective, Mid Penn primarily uses interest rate swaps as part of its interest rate risk management strategy. Beginning in the first quarter of 2023, Mid Penn entered into interest rate swaps designated as cash flow hedges to hedge the cash flows associated with existing brokered CDs.
For derivatives designated and that qualify as cash flow hedges of interest rate risk, the unrealized gain or loss on the derivative is recorded in AOCI and subsequently reclassified into interest income in the same period during which the hedged transaction affects earnings. Amounts reported in AOCI related to derivatives will be reclassified to interest income as interest payments are made on the hedged liabilities.
Mortgage Banking Derivative Financial Instruments
In connection with its mortgage banking activities, Mid Penn entered into commitments to originate certain fixed-rate residential mortgage loans for customers, also referred to as interest rate locks. In addition, Mid Penn entered into forward commitments for the future sales or purchases of mortgage-backed securities to or from third-party counterparties to hedge the effect of changes in interest rates on the values of both the interest rate locks and mortgage loans held-for-sale. Forward sales commitments may also be in the form of commitments to sell individual mortgage loans at a fixed price at a future date. The amount necessary to settle each interest rate lock was based on the price that secondary market investors would pay for loans with similar characteristics, including interest rate and term, as of the date fair value is measured.
Income Taxes
Income Taxes
Income tax expense is determined using the asset and liability method and consists of income taxes that are currently payable and deferred income taxes. Deferred income tax expense (benefit) is determined by recognizing deferred tax assets and liabilities for future tax consequences attributable to temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates that are expected to apply to taxable income in years in which those temporary differences are expected to be recovered or settled. Changes in tax rates on deferred tax assets and liabilities are recognized in income in the period that includes the enactment date.
A valuation allowance is established for deferred tax assets when management determines that it is more-likely-than-not that some portion or all of a deferred tax asset will not be realized. In making such determinations, the Corporation considers all available positive and negative evidence that may impact the realization of deferred tax assets. These considerations include future reversals of existing taxable temporary differences, projected future taxable income, and available tax planning strategies.
The Corporation files a consolidated federal income tax return including the results of its wholly-owned subsidiaries. The Corporation estimates income taxes payable based on the amount it expects to owe the various tax authorities (i.e., federal and state). Income taxes represent the net estimated amount due to, or to be received from, such tax authorities. In estimating income taxes, management assesses the relative merits and risks of the appropriate tax treatment of transactions, taking into account statutory, judicial, and regulatory guidance in the context of the Corporation’s tax position. Although the Corporation uses the best available information to record income taxes, underlying estimates and assumptions can
change over time as a result of unanticipated events or circumstances such as changes in tax laws and judicial guidance influencing its overall tax position.
An uncertain tax position is recognized only if it is more-likely-than-not to be sustained upon examination, including resolution of any related appeals or litigation process, based on the technical merits of the position. The amount of tax benefit recognized in the financial statements is the largest amount of benefit that is more than fifty percent likely to be sustained upon ultimate settlement of the uncertain tax position. If the initial assessment fails to result in recognition of a tax benefit, the Corporation subsequently recognizes a tax benefit if there are changes in tax law or case law that raise the likelihood of prevailing on the technical merits of the position to more-likely-than-not, the statute of limitations expires, or there is a completion of an examination resulting in a settlement of that tax year or position with the appropriate agency. The Corporation’s policy is to classify interest and penalties associated with income taxes within other expenses.
The Corporation is subject to routine audits by taxing jurisdictions; however, there are currently no audits in progress for any tax periods. Management believes it is no longer subject to income tax examinations for years prior to 2022.
The adoption of ASU 2023-09 did not impact the Corporation's accounting for income taxes, but expanded certain income tax disclosure requirements. See Note 16 - Income Taxes for additional information, including the disclosures related to the adoption of ASU 2023-09.
Off-Balance Sheet Arrangements
Off-Balance Sheet Arrangements
The Corporation enters into contractual loan commitments to extend credit, normally with fixed expiration dates or termination clauses, at specified rates and for specific purposes. Since a portion of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. Substantially all of the commitments to extend credit are contingent upon customers maintaining specific credit standards until the time of loan funding. The Corporation decreases its exposure to loss under these commitments by subjecting them to credit approval and monitoring procedures.
Standby letters of credit are written conditional commitments issued by the Corporation to guarantee the performance of a customer to a third party. In the event the customer does not perform in accordance with the terms of the agreement with the third party, the Corporation would be required to fund the commitment. The maximum potential amount of future payments the Corporation could be required to make is represented by the contractual amount of the commitment. If the commitment is funded, the Corporation would be entitled to seek recovery from the customer. The Corporation’s policies generally require that standby letter of credit arrangements contain security and debt covenants similar to those contained in loan agreements.
Earnings per Common Share
Earnings per Common Share
The Corporation presents basic and diluted earnings per common share ("EPS") data for its common stock. Basic EPS is calculated by dividing the net income attributable to shareholders of the Corporation by the weighted-average number of shares of common stock outstanding during the period. Diluted EPS is determined by adjusting the profit or loss attributable to shareholders and the weighted-average number of shares of common stock outstanding adjusted for the effects of all dilutive potential common shares, including those arising from stock-based compensation awards such as restricted stock and stock options, using the treasury stock method.
Treasury Stock
Treasury Stock
Common stock held in treasury is accounted for using the cost method, which treats stock held in treasury as a reduction to total stockholders’ equity. The shares may be purchased in the open market or in privately negotiated transactions from
time to time depending upon the market conditions and other factors over a one-year period or such longer period of time as may be necessary to complete such repurchases.
Recent Accounting Pronouncements
Recent Accounting Pronouncements
Accounting Standards Adopted in 2025
ASU 2023-09: The FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures.
ASU 2023-09 amends the ASC to enhance income tax disclosures by requiring entities to disclose income taxes paid (net of refunds received) disaggregated by federal, state and foreign taxes. Additionally, entities are required to disclose amounts greater than 5% of the total income taxes paid to an individual jurisdiction. The Company adopted this standard on a prospective basis in 2025. Prior period amounts were not adjusted. Adoption did not have a material impact on the Company's consolidated financial statements.
ASU 2024-02: The FASB issued ASU 2024-02, Codification Improvements—Amendments to Remove References to the Concepts Statements.
This ASU contains amendments to the Codification that remove references to various FASB Concepts Statements. The Company adopted this standard in 2025. Adoption did not have a material impact on the Company's consolidated financial statements.
Accounting Standards Pending Adoption
ASU 2023-06: The FASB issued ASU 2023-06, Disclosure Improvements - Codification Amendments in Response to the SEC’s Disclosure Update and Simplification Initiative.
ASU 2023-06 amends the ASC to incorporate certain disclosure requirements from SEC Release No. 33-10532 - Disclosure Update and Simplification that was issued in 2018. The effective date for each amendment will be the date on which the SEC’s removal of that related disclosure from Regulation S-X or Regulation S-K becomes effective, with early adoption prohibited. ASU 2023-06 is not expected to have a significant impact on our financial statements.
ASU 2024-03: The FASB issued ASU 2024-03, Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses
The amendments in the ASU improve financial reporting by requiring that public business entities disclose additional information about specific expense categories in the notes to financial statements at interim and annual reporting periods. The amendments are effective for annual reporting periods beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027. Early adoption is permitted. ASU 2024-03 is not expected to have a significant impact on the Corporation's financial statements.
ASU 2024-04: The FASB issued ASU - 2024-04, Debt—Debt with Conversion and Other Options (Subtopic 470-20): Induced Conversions of Convertible Debt Instruments
The amendments in the ASU clarify the requirements for determining whether certain settlements of convertible debt instruments should be accounted for as an induced conversion. The amendments in the ASU are effective for all entities for annual reporting periods beginning after December 15, 2025, and interim reporting periods within those annual reporting periods. Early adoption is permitted for all entities that have adopted the amendments in ASU2020-06. ASU 2024-04 is not expected to have a significant impact on the Corporation's financial statements.
ASU 2025-01 - The FASB issued ASU 2025-01, Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Clarifying the Effective Date
The amendments in the ASU clarify the effective date of ASU 2024-03 which requires public business entities to disclose additional information about specific expense categories in the notes to financial statements at interim and annual reporting periods. The amendments in the ASU are effective for the first annual reporting period beginning after December 15, 2026, and interim reporting periods within annual reporting periods beginning after December 15, 2027. Early adoption is permitted. ASU 2025-01 is not expected to have a significant impact on the Corporation's financial statements.
ASU 2025-06 - The FASB issued ASU 2025-06, Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software
The amendments in this ASU apply to all entities subject to the internal-use software guidance in Subtopic 350-40. The amendments also apply to all entities that account for website development costs in accordance with Subtopic 350-50, Intangibles—Goodwill and Other—Website Development Costs. The amendments in this ASU are effective for annual reporting periods beginning after December 15, 2027, and interim reporting periods within those annual reporting periods. Early adoption is permitted as of the beginning of an annual reporting period. ASU 2025-06 is not expected to have a significant impact on the Corporation's financial statements.
ASU 2025-08 - The FASB issued ASU 2025-08, Financial Instruments - Credit Losses (Topic 326): Purchased Loans
The amendments in this ASU apply to all entities subject to the guidance in Topic 326, including public business entities, private companies, and not-for-profit entities. The amendments in this ASU are effective for all entities for annual reporting periods beginning after December 15, 2026, and interim reporting periods within those annual reporting periods. The amendments in this ASU should be applied prospectively to loans that are acquired on or after the initial application date. Early adoption is permitted in an interim or annual reporting period in which financial statements have not yet been issued or made available for issuance. The Company is currently evaluating the impact of this guidance on its consolidated financial statements. While the adoption of this ASU is not expected to have a material impact on the Company's existing loan portfolio, it may impact the accounting for future loan acquisitions and business acquisitions.
ASU 2025-09 - The FASB issued ASU 2025-09, Derivatives and Hedging (Topic 815): Hedge Accounting Improvements
The amendments in this ASU refine hedge accounting guidance to better align accounting with risk management strategies. The amendments are effective for fiscal years beginning after December 15, 2026, including interim periods therein. Early adoption is permitted. ASU 2025-09 is not expected to have a significant impact on the Corporation's financial statements.
ASU 2025-11 - The FASB issued ASU 2025-11, Interim Reporting (Topic 270): Narrow Scope Improvements
The amendments in this ASU clarify and improve guidance on interim financial statements and disclosures. The amendments will be effective for interim reporting periods within annual periods beginning after December 15, 2027, for public business entities. Early adoption is permitted. The Company is evaluating the effects of the ASU and does not expect adoption to have a material impact on its consolidated financial statements.
ASU 2025-12 - The FASB issued ASU 2025-12, Codification Improvements
The amendments in this ASU clarify and correct existing guidance in the Accounting Standards Codification. The amendments are effective for fiscal years beginning after December 15, 2026, including interim periods within those fiscal years. Early adoption is permitted. ASU 2025-12 is not expected to have a significant impact on the Corporation's consolidated financial statements.
Management does not expect the adoption of any other recently issued accounting standards to have a material impact on the Corporation's consolidated financial statements.
Collateral-Dependent Loans
Collateral-Dependent Loans
A financial asset is considered to be collateral-dependent when the debtor is experiencing financial difficulty and repayment is expected to be provided substantially through the sale or operation of the collateral. For all classes of financial assets deemed collateral-dependent, Mid Penn elected the practical expedient to estimate expected credit losses based on the collateral’s fair value less cost to sell. In most cases, Mid Penn records a partial charge-off to reduce the loan’s carrying value to the collateral’s fair value less cost to sell. Substantially all of the collateral supporting collateral-dependent financial assets consists of various types of real estate, including residential properties; commercial properties such as retail centers, office buildings, and lodging; agriculture land; and vacant land. Total collateral-dependent loans were $23.0 million as of December 31, 2025 and December 31, 2024.
Allowance for Credit Losses
Mid Penn’s ACL - loans methodology follows guidance within FASB ASC Subtopic 326-20. The ACL - loans is a valuation account that is deducted from the loans’ amortized cost basis to present the net amount expected to be collected on the loans. Credit quality within the loan portfolio is continuously monitored by management and is reflected within the ACL - loans. The ACL - loans is an estimate of expected losses inherent within Mid Penn’s existing loan portfolio. The ACL - loans is adjusted through the PCL and reduced by the charge off of loan amounts, net of recoveries.
The loan loss estimation process involves procedures to appropriately consider the unique characteristics of Mid Penn’s loan portfolio segments. When computing allowance levels, credit loss assumptions are estimated using a model that categorizes loan pools based on loss history and other credit trends and risk characteristics, including current conditions and reasonable and supportable forecasts about the future. Evaluations of the portfolio and individual credits are inherently subjective, as they require estimates, assumptions and judgments as to the facts and circumstances of particular situations. Determining the appropriateness of the allowance is complex and requires judgment by management about the effect of matters that are inherently uncertain. In future periods, evaluations of the overall loan portfolio, in light of the factors and forecasts then prevailing, may result in significant changes in the ACL and credit loss expense.
Mid Penn estimates the ACL using relevant available information, from internal and external sources, relating to past events, current conditions and reasonable and supportable forecasts. Mid Penn uses a third-party software application to calculate the quantitative portion of the ACL using a methodology and assumptions specific to each loan pool. The qualitative portion of the allowance is based on general economic conditions and other internal and external factors affecting Mid Penn as a whole, as well as specific loans. Factors considered include the following: lending process, concentrations of credit, and peer group divergence. The quantitative and qualitative portions of the allowance are added together to determine the total ACL, which reflects management’s expectations of future conditions based on reasonable and supportable forecasts.
The methodology for estimating the amount of expected credit losses reported in the ACL has two basic components: a collective, or pooled, component for estimated expected credit losses for pools of loans that share similar risk characteristics, and an asset-specific component involving individual loans that do not share risk characteristics with other loans and the measurement of expected credit losses for such individual loans. In estimating the ACL for the collective component, loans are segregated into loan pools based on loan purpose codes and similar risk characteristics.
The commercial real estate and residential mortgage loan portfolio segments include loans for both commercial and residential properties that are secured by real estate. The underwriting process for these loans includes analysis of the financial position and strength of both the borrower and, if applicable, guarantor, experience with similar projects in the past, market demand and prospects for successful completion of the proposed project within the established budget and schedule, values of underlying collateral, availability of permanent financing, maximum loan-to-value ratios, minimum equity requirements, acceptable amortization periods and minimum debt service coverage requirements, based on property type. The borrower’s financial strength and capacity to repay their obligations remain the primary focus of underwriting. Financial strength is evaluated based upon analytical tools that consider historical and projected cash flows and performance, in addition to analysis of the proposed project for income-producing properties. Additional support offered by guarantors is also considered when applicable. Ultimate repayment of these loans is sensitive to interest rate changes, general economic conditions, liquidity and availability of long-term financing.
The commercial and industrial loan portfolio segment includes commercial loans made to many types of businesses for various purposes, such as short-term working capital loans that are usually secured by accounts receivable and inventory, equipment and fixed asset purchases that are secured by those assets, and term financing for those within Mid Penn’s geographic markets. Mid Penn’s credit underwriting process for commercial and industrial loans includes analysis of historical and projected cash flows and performance, evaluation of financial strength of both borrowers and guarantors as reflected in current and detailed financial information, and evaluation of underlying collateral to support the credit.
The consumer loan portfolio segment is comprised of loans which are underwritten after evaluating a borrower’s capacity, credit and collateral. Several factors are considered when assessing a borrower’s capacity, including the borrower’s employment, income, current debt, assets and level of equity in the property. Credit is assessed using a credit report that provides credit scores and the borrower’s current and past information about their credit history. Loan-to-value and debt-to-income ratios, loan amount and lien position are also considered in assessing whether to originate a loan. These borrowers are particularly susceptible to downturns in economic trends, such as conditions that negatively affect housing prices and demand and levels of unemployment.
Mid Penn utilizes a DCF method to estimate the quantitative portion of the allowance for credit losses for its loan pools. The DCF is based off of historical losses, including peer data, which is correlated to national unemployment and GDP.
The PD and LGD measures are used in conjunction with prepayment data as inputs into the DCF model to calculate the cash flows at the individual loan level. Contractual cash flows based on loan terms are adjusted for PD, LGD and prepayments to derive loss cash flows. These loss cash flows are discounted by the loan’s coupon rate to arrive at the discounted cash flow based quantitative loss. The prepayment studies are updated quarterly by a third-party for each applicable pool.
Mid Penn determined that reasonable and supportable forecasts could be made for a twelve-month period for all of its loan pools. To the extent the lives of the loans in the Loans held-for-investment (LHFI) portfolio extend beyond this forecast period, Mid Penn uses a reversion period of four quarters and reverts to the historical mean on a straight-line basis over the remaining life of the loans.
Qualitative factors used in the ACL methodology include the following:
•Changes in lending policies, procedures, and underwriting standards
•Changes in portfolio composition and concentrations of credit
•Peer group trends and divergence
The ACL for individual loans, such as nonaccrual and PCD loans, that do not share risk characteristics with other loans is measured as the difference between the discounted value of expected future cash flows, based on the effective interest rate at origination, and the amortized cost basis of the loan, or the net realizable value. The ACL is the difference between the loan’s net realizable value and its amortized cost basis (net of previous charge-offs and deferred loan fees and costs), except for collateral-dependent loans. A loan is collateral dependent when the borrower is experiencing financial difficulty and repayment of the loan is expected to be provided substantially through the sale of the collateral. The expected credit loss for collateral-dependent loans is measured as the difference between the amortized cost basis of the loan and the fair value of the collateral, adjusted for the estimated cost to sell. Fair value estimates for collateral-dependent loans are derived from appraised values based on the current market value or the "as is" value of the collateral, normally from recently received and reviewed appraisals. Current appraisals are ordered on a regular basis based on the inspection date or more often if market conditions necessitate. Appraisals are obtained from state-certified appraisers and are based on certain assumptions, which may include construction or development status and the highest and best use of the property. These appraisals are reviewed by Mid Penn’s Real Estate Administration Department to ensure they are acceptable, and values are adjusted down for costs associated with asset disposal. If the calculated expected credit loss is determined to be permanent or not recoverable, the amount of the expected credit loss is charged off.
Mid Penn may also purchase loans or acquire loans through a business combination. At the purchase or acquisition date, loans are evaluated to determine whether there has been more than insignificant credit deterioration since origination. Loans that have experienced more than insignificant credit deterioration since origination are referred to as PCD loans. In its evaluation of whether a loan has experienced more than insignificant deterioration in credit quality since origination, Mid Penn takes into consideration loan grades, past due and nonaccrual status. Mid Penn may also consider external credit rating agency ratings for borrowers and for non-commercial loans, FICO score or band, probability of default levels, and
number of times past due. At the purchase or acquisition date, the amortized cost basis of PCD loans is equal to the purchase price and an initial estimate of credit losses. The initial recognition of expected credit losses on PCD loans has no impact on net income. When the initial measurement of expected credit losses on PCD loans is calculated on a pooled loan basis, the expected credit losses are allocated to each loan within the pool. Any difference between the initial amortized cost basis and the unpaid principal balance of the loan represents a noncredit discount or premium, which is accreted (or amortized) into interest income over the life of the loan. Subsequent changes to the ACL on PCD loans are recorded through the PCL. For purchased loans that are not deemed to have experienced more than insignificant credit deterioration since origination and are therefore not deemed PCD, any discounts or premiums included in the purchase price are accreted (or amortized) over the contractual life of the individual loan.
Loans are charged off against the ACL, with any subsequent recoveries credited back to the ACL account. Expected recoveries may not exceed the aggregate of amounts previously charged off and expected to be charged off.
v3.25.4
Business Combinations (Tables)
 12 Months Ended
Dec. 31, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Schedule of the Final Estimated Fair Value of the Assets Acquired and Liabilities and Equity Assumed
Estimated fair values of the assets acquired and liabilities assumed in the William Penn Acquisition as of the closing date are as follows:
(In thousands)
Assets acquired:
Cash and cash equivalents$41,404 
Federal funds sold553 
Investment securities186,564 
Loans405,271 
Core deposit intangible9,002 
Premises and equipment6,858 
Operating lease right-of-use asset6,340 
Cash surrender value of life insurance42,928 
Deferred income taxes15,399 
Accrued interest receivable2,271 
Other assets9,947 
Total assets acquired$726,537 
Liabilities assumed:
Deposits:
Noninterest-bearing demand$61,677 
Interest-bearing demand121,522 
Money market178,285 
Savings76,983 
Time181,293 
Operating lease liability6,340 
Accrued interest payable29 
Other liabilities4,052 
Total liabilities assumed$630,181 
Consideration transferred$103,213 
Fair value of common stock issued103,206 
Cash paid in lieu of fractional shares7 
Total$103,213 
Reconciliation to consideration transferred:
Total assets acquired726,537 
Total liabilities assumed630,181 
Net assets acquired96,356 
Goodwill6,857 
Consideration transferred$103,213 
Schedule of Supplemental Pro Forma Information
The following supplemental unaudited pro forma information presents certain financial results for the year ended December 31, 2025 and 2024 as if the merger of William Penn was effective as of January 1, 2024. The supplemental unaudited pro forma financial information included in the table below is based on various estimates and is presented for informational purposes only and does not indicate the results of operations of the combined company that would have been achieved for the periods presented had the transaction been completed as of the date indicated or that may be achieved in the future.
(Unaudited)
(In thousands)Year Ended December 31,
20252024
Net interest income after provision for credit losses - loans$206,082 $172,535 
Noninterest income27,977 25,476 
Noninterest expense152,449 139,678 
Net income$56,676 $48,229 
v3.25.4
Investment Securities (Tables)
 12 Months Ended
Dec. 31, 2025
Securities Financing Transactions Disclosures [Abstract]  
Schedule of Unrealized Gain (Loss) on Investments
The following tables set forth the amortized cost and estimated fair value of investment securities for the periods presented:
December 31, 2025
(In thousands)Amortized
Cost		Gross
Unrealized
Gains		Gross Unrealized
Losses		Estimated
Fair Value
Available-for-sale
U.S. Treasury and U.S. government agencies$19,446 $— $380 $19,066 
Mortgage-backed U.S. government agencies361,109 3,788 11,500 353,397 
State and political subdivision obligations4,319 — 485 3,834 
Corporate debt securities41,638 249 1,870 40,017 
Total available-for-sale debt securities$426,512 $4,037 $14,235 $416,314 
Held-to-maturity
U.S. Treasury and U.S. government agencies$231,980 $— $16,566 $215,414 
Mortgage-backed U.S. government agencies32,418 4 3,747 28,675 
State and political subdivision obligations67,441 12 4,043 63,410 
Corporate debt securities15,446 — 1,243 14,203 
Total held-to-maturity debt securities347,285 16 25,599 321,702 
Total$773,797 $4,053 $39,834 $738,016 
December 31, 2024
(In thousands)Amortized
Cost		Gross
Unrealized
Gains		Gross Unrealized
Losses		Estimated
Fair Value
Available-for-sale
U.S. Treasury and U.S. government agencies$22,247 $— $740 $21,507 
Mortgage-backed U.S. government agencies222,464 11 19,531 202,944 
State and political subdivision obligations4,309 — 713 3,596 
Corporate debt securities35,750 — 3,320 32,430 
Total available-for-sale debt securities$284,770 $11 $24,304 $260,477 
Held-to-maturity
U.S. Treasury and U.S. government agencies$241,941 $— $28,133 $213,808 
Mortgage-backed U.S. government agencies37,593 — 5,508 32,085 
State and political subdivision obligations77,462 — 6,840 70,622 
Corporate debt securities25,451 — 1,318 24,133 
Total held-to-maturity debt securities382,447 — 41,799 340,648 
Total$667,217 $11 $66,103 $601,125 
Schedule of Fair Value and Unrealized Loss on Debt Investment Securities in a Continuous Unrealized Loss Position
The following tables present gross unrealized losses and fair value of debt investment securities aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position as of December 31, 2025 and 2024:
(Dollars in thousands)Less Than 12 Months12 Months or MoreTotal
December 31, 2025Number
of
Securities		Estimated
Fair
Value		Gross
Unrealized
Losses		Number
of
Securities		Estimated
Fair
Value		Gross
Unrealized
Losses		Number
of
Securities		Estimated
Fair
Value		Gross
Unrealized
Losses
Available-for-sale debt securities:
U.S. Treasury and U.S. government agencies—$— $— 10$19,066 $380 10$19,066 $380 
Mortgage-backed U.S. government agencies27208,676 141 91144,721 11,359 118353,397 11,500 
State and political subdivision obligations124 — 83,810 485 93,834 485 
Corporate debt securities818,573 64 1421,444 1,806 2240,017 1,870 
Total available-for-sale debt securities36$227,273 $205 123$189,041 $14,030 159$416,314 $14,235 
Held-to-maturity debt securities:
U.S. Treasury and U.S. government agencies—$— $— 137$215,414 $16,566 137$215,414 $16,566 
Mortgage-backed U.S. government agencies4423 — 6028,252 3,747 6428,675 3,747 
State and political subdivision obligations124,401 2 13959,009 4,041 15163,410 4,043 
Corporate debt securities33,368 128 910,835 1,115 1214,203 1,243 
Total held-to-maturity debt securities198,192 130 345313,510 25,469 364321,702 25,599 
Total55$235,465 $335 468$502,551 $39,499 523$738,016 $39,834 
(Dollars in thousands)Less Than 12 Months12 Months or MoreTotal
December 31, 2024Number
of
Securities		Estimated
Fair
Value		Gross
Unrealized
Losses		Number
of
Securities		Estimated
Fair
Value		Gross
Unrealized
Losses		Number
of
Securities		Estimated
Fair
Value		Gross
Unrealized
Losses
Available-for-sale securities:
U.S. Treasury and U.S. government agencies—$— $— 12$21,507 $740 12$21,507 $740 
Mortgage-backed U.S. government agencies972,499 1,847 91130,445 17,684 100202,944 19,531 
State and political subdivision obligations—— — 83,596 713 83,596 713 
Corporate debt securities— — — 1832,430 3,320 1832,430 3,320 
Total available-for-sale securities9$72,499 $1,847 129$187,978 $22,457 138$260,477 $24,304 
Held-to-maturity securities:
U.S. Treasury and U.S. government agencies—$— $— 143$213,808 $28,133 143$213,808 $28,133 
Mortgage-backed U.S. government agencies2163 1 6231,922 5,507 6432,085 5,508 
State and political subdivision obligations83,176 30 16967,446 6,810 17770,622 6,840 
Corporate debt securities410,500 — 1113,633 1,318 1524,133 1,318 
Total held-to-maturity securities1413,839 31 385326,809 41,768 399340,648 41,799 
Total23$86,338 $1,878 514$514,787 $64,225 537$601,125 $66,103 
Schedule of Investments Classified by Contractual Maturity Date
The table below illustrates the contractual maturity of debt investment securities at amortized cost and estimated fair value. Actual maturities may differ from contractual maturities because borrowers may have the right to call or prepay with or without call or prepayment penalties.
(In thousands)Available-for-saleHeld-to-maturity
December 31, 2025Amortized
Cost		Fair
Value		Amortized
Cost		Fair
Value
Due in 1 year or less$3,000 $2,945 $31,445 $31,080 
Due after 1 year but within 5 years23,742 23,499 140,793 133,953 
Due after 5 years but within 10 years37,817 35,797 131,708 118,463 
Due after 10 years844 676 10,921 9,531 
65,403 62,917 314,867 293,027 
Mortgage-backed securities361,109 353,397 32,418 28,675 
$426,512 $416,314 $347,285 $321,702 
v3.25.4
Loans and Allowance for Credit Losses - Loans (Tables)
 12 Months Ended
Dec. 31, 2025
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]  
Schedule of Financing Receivable Credit Quality Indicators
Loans, net of unearned income, are summarized as follows by portfolio segment:
(In thousands)December 31, 2025December 31, 2024
Commercial real estate
CRE Nonowner Occupied$1,364,040 $1,251,010 
CRE Owner Occupied718,864 624,007 
Multifamily419,267 412,900 
Farmland227,816 224,709 
Total Commercial real estate2,729,987 2,512,626 
Commercial and industrial
720,031 705,392 
Construction
Residential Construction85,299 99,399 
Other Construction310,390 326,171 
Total Construction395,689 425,570 
Residential mortgage
1-4 Family 1st Lien417,421 313,592 
1-4 Family Rental410,965 336,636 
HELOC and Junior Liens178,116 140,392 
Total Residential Mortgage1,006,502 790,620 
Consumer10,629 8,862 
Total loans$4,862,838 $4,443,070 
The following table presents risk ratings by loan portfolio segment and origination year, which is the year of origination or renewal:
December 31, 2025
Term Loans Amortized Cost Basis by Origination YearRevolving Loans Amortized
Cost Basis
(In thousands)20252024202320222021PriorTotal
CRE Nonowner Occupied
Pass$156,421 $98,728 $188,873 $358,610 $156,310 $375,646 $16,109 $1,350,697 
Special mention— — 1,698 — — 90 — 1,788 
Substandard or lower— — 1,540 — — 10,015 — 11,555 
Total CRE Nonowner Occupied156,421 98,728 192,111 358,610 156,310 385,751 16,109 1,364,040 
Gross charge-offs— — — (691)— (394)— (1,085)
Current period recoveries— — — 301 — 4 — 305 
Net charge-offs— — — (390)— (390)— (780)
CRE Owner Occupied
Pass119,632 65,978 97,419 105,690 64,478 239,464 16,370 709,031 
Special mention— — 922 1,576 172 2,939 — 5,609 
Substandard or lower— 181 — 1,888 177 1,978 — 4,224 
Total CRE Owner Occupied119,632 66,159 98,341 109,154 64,827 244,381 16,370 718,864 
Gross charge-offs— (346)— — — — — (346)
Net charge-offs— (346)— — — — — (346)
Multifamily
Pass37,788 4,816 62,305 156,236 68,254 86,424 3,271 419,094 
Special mention— — — — — 42 — 42 
Substandard or lower— — — — — 131 — 131 
Total Multifamily37,788 4,816 62,305 156,236 68,254 86,597 3,271 419,267 
Farmland
Pass29,858 23,228 24,273 51,055 36,651 44,326 15,255 224,646 
Special mention— — 428 — — — — 428 
Substandard or lower— — 397 — 2,299 46 — 2,742 
Total Farmland29,858 23,228 25,098 51,055 38,950 44,372 15,255 227,816 
Commercial and industrial
Pass96,562 89,541 70,773 64,532 41,663 90,534 240,497 694,102 
Special mention— — — 87 — 1,495 — 1,582 
Substandard or lower— 115 15,663 500 1,249 1,299 5,521 24,347 
Total Commercial and industrial96,562 89,656 86,436 65,119 42,912 93,328 246,018 720,031 
Gross charge-offs— — — — — (294)— (294)
Current period recoveries— — 1 — — 8 — 9 
Net charge-offs— — 1 — — (286)— (285)
Residential Construction
Pass29,399 27,382 17,469 351 — — 10,698 85,299 
Total Residential Construction29,399 27,382 17,469 351 — — 10,698 85,299 
Other Construction
Pass64,396 79,617 74,890 42,758 7,790 12,387 28,552 310,390 
Total Other Construction64,396 79,617 74,890 42,758 7,790 12,387 28,552 310,390 
1-4 Family 1st Lien
Performing57,120 28,810 59,920 49,052 38,466 179,375 1,489 414,232 
Nonperforming— — 100 48 — 3,041 — 3,189 
Total 1-4 Family 1st Lien57,120 28,810 60,020 49,100 38,466 182,416 1,489 417,421 
Current period recoveries— — — — — 90 — 90 
Net recoveries— — — — — 90 — 90 
1-4 Family Rental
Performing46,766 22,067 45,885 99,841 59,781 131,001 2,154 407,495 
Nonperforming— — 292 — 1,572 1,606 — 3,470 
Total 1-4 Family Rental46,766 22,067 46,177 99,841 61,353 132,607 2,154 410,965 
HELOC and Junior Liens
Performing8,403 5,050 17,397 8,447 4,815 14,180 115,728 174,020 
Nonperforming— 1,151 93 152 — 1,699 1,001 4,096 
Total HELOC and Junior Liens8,403 6,201 17,490 8,599 4,815 15,879 116,729 178,116 
Consumer
Performing5,143 1,169 829 276 265 702 2,216 10,600 
Nonperforming— — 29 — — — — 29 
Total Consumer5,143 1,169 858 276 265 702 2,216 10,629 
Gross charge-offs— — — — — (98)— (98)
Current period recoveries— — — — — 55 — 55 
Net charge-offs— — — — — (43)— (43)
Total
Pass534,056 389,290 536,002 779,232 375,146 848,781 330,752 3,793,259 
Special mention— — 3,048 1,663 172 4,566 — 9,449 
Substandard or lower— 296 17,600 2,388 3,725 13,469 5,521 42,999 
Performing117,432 57,096 124,031 157,616 103,327 325,258 121,587 1,006,347 
Nonperforming— 1,151 514 200 1,572 6,346 1,001 10,784 
Total$651,488 $447,833 $681,195 $941,099 $483,942 $1,198,420 $458,861 $4,862,838 

December 31, 2024
Term Loans Amortized Cost Basis by Origination YearRevolving Loans Amortized
Cost Basis
(In thousands)20242023202220212020PriorTotal
CRE Nonowner Occupied
Pass$85,501 $176,018 $343,072 $152,157 $130,650 $325,478 $11,732 $1,224,608 
Special mention— — — — — 3,105 — 3,105 
Substandard or lower— 1,515 1,260 — 3,281 17,241 — 23,297 
Total CRE Nonowner Occupied85,501 177,533 344,332 152,157 133,931 345,824 11,732 1,251,010 
Current period recoveries— — — — — 2 — 2 
Net recoveries— — — — — 2 — 2 
CRE Owner Occupied
Pass52,922 99,065 106,876 66,160 77,774 199,725 11,630 614,152 
Special mention— 222 4,991 227 — 2,133 — 7,573 
Substandard or lower— — — 194 — 2,088 — 2,282 
Total CRE Owner Occupied52,922 99,287 111,867 66,581 77,774 203,946 11,630 624,007 
Current period recoveries— — — — — 4 — 4 
Net recoveries— — — — — 4 — 4 
Multifamily
Pass4,843 66,119 118,568 101,871 40,450 78,070 2,771 412,692 
Special mention— — — — — 54 — 54 
Substandard or lower— — — — — 154 — 154 
Total Multifamily4,843 66,119 118,568 101,871 40,450 78,278 2,771 412,900 
Farmland
Pass27,449 31,259 56,178 42,693 25,119 24,729 14,801 222,228 
Special mention— 128 — — — 2,163 190 2,481 
Total Farmland27,449 31,387 56,178 42,693 25,119 26,892 14,991 224,709 
Commercial and industrial
Pass114,175 106,657 78,702 54,312 21,532 92,723 222,525 690,626 
Special mention— 62 503 31 — 3,534 4,498 8,628 
Substandard or lower— — — 892 1,168 1,632 2,446 6,138 
Total Commercial and industrial114,175 106,719 79,205 55,235 22,700 97,889 229,469 705,392 
Gross charge-offs— (201)— — (206)(412)— (819)
Current period recoveries— — — — — 1 — 1 
Net charge-offs— (201)— — (206)(411)— (818)
Residential construction
Pass34,275 37,222 15,559 — — 2,007 10,336 99,399 
Total Residential construction34,275 37,222 15,559 — — 2,007 10,336 99,399 
Other construction
Pass66,711 94,619 104,439 11,664 10,983 11,928 25,827 326,171 
Total Other construction66,711 94,619 104,439 11,664 10,983 11,928 25,827 326,171 
1-4 Family 1st Lien
Performing27,580 59,762 45,946 34,743 42,727 98,891 2,915 312,564 
Nonperforming— — — — 211 817 — 1,028 
Total 1-4 Family 1st Lien27,580 59,762 45,946 34,743 42,938 99,708 2,915 313,592 
Gross charge-offs— — — — — (7)— (7)
Current period recoveries— — — — — 16 — 16 
Net recoveries— — — — — 9 — 9 
1-4 Family Rental
Performing28,735 51,488 88,594 59,397 35,222 69,890 2,009 335,335 
Nonperforming— 147 — — 595 559 — 1,301 
Total 1-4 Family Rental28,735 51,635 88,594 59,397 35,817 70,449 2,009 336,636 
Gross charge-offs— — — — — (2)— (2)
Current period recoveries— — — — — 22 — 22 
Net recoveries— — — — — 20 — 20 
HELOC and Junior Liens
Performing6,096 16,125 9,856 4,845 2,182 10,887 88,122 138,113 
Nonperforming— 21 — — — 1,257 1,001 2,279 
Total HELOC and Junior Liens6,096 16,146 9,856 4,845 2,182 12,144 89,123 140,392 
Gross charge-offs— — (21)— — — — (21)
Net charge-offs— — (21)— — — — (21)
Consumer
Performing4,214 972 354 394 107 234 2,587 8,862 
Total Consumer4,214 972 354 394 107 234 2,587 8,862 
Gross charge-offs— — (2)— — (50)— (52)
Current period recoveries— — 1 — — 38 — 39 
Net charge-offs— — (1)— — (12)— (13)
Total
Pass385,876 610,959 823,394 428,857 306,508 734,660 299,622 3,589,876 
Special mention— 412 5,494 258 — 10,989 4,688 21,841 
Substandard or lower— 1,515 1,260 1,086 4,449 21,115 2,446 31,871 
Performing66,625 128,347 144,750 99,379 80,238 179,902 95,633 794,874 
Nonperforming— 168 — — 806 2,633 1,001 4,608 
Total$452,501 $741,401 $974,898 $529,580 $392,001 $949,299 $403,390 $4,443,070 
Schedule of Loan Portfolio Summarized by the Past Due Status
The performance and credit quality of the loan portfolio is also monitored by analyzing the age of the loans receivable as determined by the length of time a recorded payment is past due. The classes of the loan portfolio summarized by the past due status as of December 31, 2025 and December 31, 2024, are summarized as follows:
(In thousands)30-59
Days Past
Due		60-89
Days Past
Due		Greater
than 90
Days		Total Past
Due		CurrentTotal LoansLoans
Receivable
> 90 Days and
Accruing
December 31, 2025
Commercial real estate
CRE Nonowner Occupied$278 $— $5,144 $5,422 $1,358,618 $1,364,040 $— 
CRE Owner Occupied2,022 58 901 2,981 715,883 718,864 — 
Multifamily— 196 — 196 419,071 419,267 — 
Farmland— 1,581 46 1,627 226,189 227,816 — 
Total Commercial real estate2,300 1,835 6,091 10,226 2,719,761 2,729,987 — 
Commercial and industrial3,740 1,006 6,804 11,550 708,481 720,031 — 
Construction
Residential Construction— — — — 85,299 85,299 — 
Other Construction230 — — 230 310,160 310,390 — 
Total Construction230 — — 230 395,459 395,689 — 
Residential mortgage
1-4 Family 1st Lien4,192 165 484 4,841 412,580 417,421 — 
1-4 Family Rental812 1,054 1,047 2,913 408,052 410,965 — 
HELOC and Junior Liens1,474 486 1,815 3,775 174,341 178,116 — 
Total Residential Mortgage6,478 1,705 3,346 11,529 994,973 1,006,502 — 
Consumer7 14 — 21 10,608 10,629 — 
Total$12,755 $4,560 $16,241 $33,556 $4,829,282 $4,862,838 $— 
(In thousands)30-59
Days Past
Due		60-89
Days Past
Due		Greater
than 90
Days		Total Past
Due		CurrentTotal LoansLoans
Receivable
> 90 Days and
Accruing
December 31, 2024
Commercial real estate
CRE Nonowner Occupied$1,281 $1,515 $11,658 $14,454 $1,236,556 $1,251,010 $— 
CRE Owner Occupied39 51 262 352 623,655 624,007 — 
Multifamily— — — — 412,900 412,900 — 
Farmland184 — — 184 224,525 224,709 — 
Total Commercial real estate1,504 1,566 11,920 14,990 2,497,636 2,512,626 — 
Commercial and industrial74 3 794 871 704,521 705,392 — 
Construction
Residential Construction— — — — 99,399 99,399 — 
Other Construction— — — — 326,171 326,171 — 
Total Construction— — — — 425,570 425,570 — 
Residential mortgage
1-4 Family 1st Lien2,853 220 516 3,589 310,003 313,592 — 
1-4 Family Rental374 7 137 518 336,118 336,636 — 
HELOC and Junior Liens724 209 2,157 3,090 137,302 140,392 — 
Total Residential Mortgage3,951 436 2,810 7,197 783,423 790,620 — 
Consumer20 — — 20 8,842 8,862 — 
Total$5,549 $2,005 $15,524 $23,078 $4,419,992 $4,443,070 $— 
Schedule of Non-accrual Loans by Classes of the Loan Portfolio Including Loans Acquired With Credit Deterioration
Nonaccrual loans by loan portfolio class, including loans acquired with credit deterioration, as of December 31, 2025 and 2024 are summarized as follows:
December 31, 2025December 31, 2024
(In thousands)With a Related AllowanceWithout a Related AllowanceTotalWith a Related AllowanceWithout a Related AllowanceTotal
Commercial real estate
CRE Nonowner Occupied$2,873 $2,271 $5,144 $2,622 $11,153 $13,775 
CRE Owner Occupied509 2,043 2,552 — 546 546 
Multifamily— 131 131 — 154 154 
Farmland— 46 46 — — — 
Total Commercial real estate3,382 4,491 7,873 2,622 11,853 14,475 
Commercial and industrial10,519 398 10,917 758 3,894 4,652 
Residential mortgage
1-4 Family 1st Lien24 1,188 1,212 — 1,028 1,028 
1-4 Family Rental146 949 1,095 — 176 176 
HELOC and Junior Liens— 1,840 1,840 — 2,279 2,279 
Total Residential Mortgage170 3,977 4,147 — 3,483 3,483 
Consumer— 14 14 — — — 
Total loans$14,071 $8,880 $22,951 $3,380 $19,230 $22,610 
Schedule of Allowance for Loan Losses and Recorded Investment in Financing Receivables
The following table presents the activity in the ACL - loans by portfolio segment for the year ended December 31, 2025 and 2024:
(In thousands)Balance as of
December 31, 2024		PCD LoansCharge-offsRecoveriesNet Loans (Charged off) Recovered
Provision/(Benefit) for Credit Losses (1)
Balance as of December 31, 2025
Commercial Real Estate
CRE Nonowner Occupied$11,047 $89 $(1,085)$305 $(780)$(439)$9,917 
CRE Owner Occupied5,243 100 (346)— (346)1,098 6,095 
Multifamily3,432 31 — — — (2,020)1,443 
Farmland1,932 — — — — 186 2,118 
Commercial and industrial7,122 36 (294)9 (285)2,386 9,259 
Construction
Residential Construction931 — — — — (454)477 
Other Construction2,131 — — — — (667)1,464 
Residential Mortgage
1-4 Family 1st Lien1,503 37 — 90 90 804 2,434 
1-4 Family Rental1,756 47 — — — 492 2,295 
HELOC and Junior Liens392 3 — — — 164 559 
Consumer25 — (98)55 (43)48 30 
Total$35,514 $343 $(1,823)$459 $(1,364)$1,598 $36,091 
(1) Includes a $2.3 million initial provision on non-PCD loans acquired in the William Penn acquisition
(In thousands)Balance as of
December 31, 2023		Charge-offsRecoveriesNet Loans (Charged off) RecoveredProvision/(Benefit) for Credit LossesBalance as of December 31, 2024
Commercial Real Estate
CRE Nonowner Occupied$10,267 $— $2 $2 $778 $11,047 
CRE Owner Occupied5,646 — 4 4 (407)5,243 
Multifamily2,202 — — — 1,230 3,432 
Farmland2,064 — — — (132)1,932 
Commercial and industrial7,131 (819)1 (818)809 7,122 
Construction
Residential Construction1,256 — — — (325)931 
Other Construction2,146 — — — (15)2,131 
Residential Mortgage
1-4 Family 1st Lien1,207 (7)16 9 287 1,503 
1-4 Family Rental1,859 (2)22 20 (123)1,756 
HELOC and Junior Liens389 (21)— (21)24 392 
Consumer20 (52)39 (13)18 25 
Total$34,187 $(901)$84 $(817)$2,144 $35,514 
The following table presents the ACL for loans and the amortized cost basis of loans as of December 31, 2025 and December 31, 2024:
(In thousands)ACL - LoansLoans
December 31, 2025Collectively Evaluated for Credit LossIndividually Evaluated for Credit LossTotal ACL - LoansCollectively Evaluated for Credit LossIndividually Evaluated for Credit LossTotal Loans
Commercial real estate
CRE Nonowner Occupied$9,374 $543 $9,917 $1,358,896 $5,144 $1,364,040 
CRE Owner Occupied6,020 75 6,095 716,312 2,552 718,864 
Multifamily1,443 — 1,443 419,136 131 419,267 
Farmland2,118 — 2,118 227,770 46 227,816 
Commercial and industrial7,835 1,424 9,259 709,114 10,917 720,031 
Construction
Residential Construction477 — 477 85,299 — 85,299 
Other Construction1,464 — 1,464 310,390 — 310,390 
Residential mortgage
1-4 Family 1st Lien2,434 — 2,434 416,209 1,212 417,421 
1-4 Family Rental2,289 6 2,295 409,870 1,095 410,965 
HELOC and Junior Liens559 — 559 176,276 1,840 178,116 
Consumer30 — 30 10,615 14 10,629 
Total$34,043 $2,048 $36,091 $4,839,887 $22,951 $4,862,838 

(In thousands)ACL - LoansLoans
December 31, 2024Collectively Evaluated for Credit LossIndividually Evaluated for Credit LossTotal ACL - LoansCollectively Evaluated for Credit LossIndividually Evaluated for Credit LossTotal Loans
Commercial real estate
CRE Nonowner Occupied$9,945 $1,102 $11,047 $1,237,235 $13,775 $1,251,010 
CRE Owner Occupied5,243 — 5,243 623,461 546 624,007 
Multifamily3,432 — 3,432 412,746 154 412,900 
Farmland1,932 — 1,932 224,709 — 224,709 
Commercial and industrial6,785 337 7,122 700,740 4,652 705,392 
Construction
Residential Construction931 — 931 99,399 — 99,399 
Other Construction2,131 — 2,131 326,171 — 326,171 
Residential mortgage
1-4 Family 1st Lien1,503 — 1,503 312,564 1,028 313,592 
1-4 Family Rental1,756 — 1,756 336,460 176 336,636 
HELOC and Junior Liens392 — 392 138,113 2,279 140,392 
Consumer25 — 25 8,862 — 8,862 
Total$34,075 $1,439 $35,514 $4,420,460 $22,610 $4,443,070 
Schedule of Troubled Debt Restructurings
Information related to loans modified (by type of modification) for the year ended December 31, 2024, whereby the borrower was experiencing financial difficulty at the time of modification, is set forth in the following table:
(Dollars in thousands)Interest OnlyTerm ExtensionCombination:
Interest Only and
Term Extension		Total% of Total Class of Financing Receivable
Year ended December 31, 2024
Commercial and industrial$— $— $287 $287 0.04 %
Residential mortgage
1-4 Family Rental— 184 — 184 0.05 %
HELOC and Junior Liens— — 92 92 0.07 %
Total Residential Mortgage— 184 92 276 0.03 %
Total loans$— $184 $379 $563 
v3.25.4
Premises and Equipment (Tables)
 12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
Schedule of Premises and Equipment
The following is a summary of premises and equipment as of December 31:
(In thousands)20252024
Land$8,049 $6,251 
Buildings34,656 28,948 
Furniture, fixtures, and equipment25,770 23,656 
Leasehold improvements3,362 3,317 
Capital expenditures in process739 4,941 
Total cost72,576 67,113 
Less accumulated depreciation(23,834)(28,307)
Total premises and equipment$48,742 $38,806 
v3.25.4
Goodwill and Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Changes in Goodwill
The following table summarizes the changes in goodwill:
For the Year Ended
December 31,
(In thousands)
20252024
Goodwill balance, beginning of year$128,160 $127,031 
Commonwealth Benefits Group acquisition— 1,129 
William Penn Acquisition6,857 — 
Charis Insurance acquisition1,603 — 
Goodwill balance, end of year$136,620 $128,160 
Schedule of Changes in Intangibles
The following table presents the gross carrying amount and accumulated amortization of core deposit and other intangibles as of December 31:
(In thousands)20252024
Gross carrying amount of core deposit and other intangibles$17,703 $8,026 
Less: accumulated amortization(3,046)(1,784)
Core deposit and other intangibles, net$14,657 $6,242 
The following table summarizes the changes in core deposit intangible:
For the Year Ended
December 31,
(In thousands)
202520242023
Core deposit intangible balance, beginning of year$3,382 $4,649 $4,964 
Brunswick core deposit intangibles— — 999 
William Penn core deposit intangibles9,002 — — 
Less: Amortization of core deposit intangibles(2,126)(1,267)(1,314)
Core deposit intangible balances, end of year$10,258 $3,382 $4,649 
The following table summarizes the changes in the customer list intangible during the years ended December 31:
For the Year Ended
December 31,
(In thousands)202520242023
Customer list intangible balance, beginning of year$2,799 $1,830 $2,275 
Commonwealth Benefits Group acquisition— 1,481 — 
Charis Insurance acquisition2,199 — — 
Less: Amortization of customer list intangible(841)(512)(445)
Customer list intangible, end of year$4,157 $2,799 $1,830 
The following table summarizes the changes in the noncompete intangible during the years ended December 31:
For the Year Ended
December 31,
(In thousands)
202520242023
Noncompete intangible balance, beginning of year$61 $— $— 
Commonwealth Benefits Group acquisition— 67 — 
Charis Insurance acquisition191 — — 
Less: Amortization of noncompete intangible(51)(6)— 
Noncompete intangible, end of year$201 $61 $— 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
The following table shows the amortization expense for future periods:
(In thousands)
2026$2,340 
20271,955 
20281,570 
20291,297 
20301,053 
Thereafter2,043 
Total$10,258 
The following table shows the amortization expense for future periods:
(In thousands)
2026$909 
2027793 
2028677 
2029561 
2030445 
Thereafter772 
Total$4,157 
The following table shows the amortization expense for future periods:
(In thousands)
2026$77 
202777 
202840 
20297 
Total$201 
v3.25.4
Leases (Tables)
 12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Schedule of Operating and Finance Lease Right-of-Use Assets and Related Lease Liabilities
Supplemental consolidated balance sheet information for each lease classification as of December 31 was as follows:
20252024
(Dollars in thousands)Operating
Leases 		Finance
Leases		Operating
Leases 		Finance
Leases
ROU$15,169$2,368$7,699$2,548
Lease liability15,4052,9178,0923,063
Weighted-average remaining lease term (in years)5.6113.175.1214.17
Weighted-average discount rate4.13%3.81%3.68%3.81%
Schedule of Lease Costs
The following table provides a summary of lease costs for the years ended December 31:
(In thousands)202520242023
Finance lease cost:
Amortization of ROU asset$180 $179 $180 
Interest expense on lease liability113 119 123 
Total finance lease cost293 298 303 
Operating lease cost3,328 2,322 2,081 
Sublease income (1)
— (21)(29)
Total lease costs$3,621 $2,599 $2,355 
(1) Sublease income relates to excess office space leased to third parties under operating subleases.
Supplemental cash flow information related to operating and finance leases for the years ended December 31 was as follows:
(In thousands)2025 2024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from finance leases$113 $119 
Operating cash flows from operating leases3,318 2,382 
Financing cash flows from finance leases146134
Schedule of Future Minimum Rental Payments of Operating Leases
A maturity analysis of operating and finance lease liabilities, together with a reconciliation of the undiscounted cash flows to the related lease liability balances, is presented below:
December 31, 2025
(In thousands)Operating LeasesFinance Leases
Lease payments due:
2026$4,075 $260 
20273,747 260 
20282,616 260 
20292,291 276 
20301,625 279 
Thereafter2,795 2,397 
Total lease payments17,149 3,732 
Less: imputed interest(1,744)(815)
Present value of lease liabilities$15,405 $2,917 
Schedule of Future Minimum Rental Payments of Finance Leases
A maturity analysis of operating and finance lease liabilities, together with a reconciliation of the undiscounted cash flows to the related lease liability balances, is presented below:
December 31, 2025
(In thousands)Operating LeasesFinance Leases
Lease payments due:
2026$4,075 $260 
20273,747 260 
20282,616 260 
20292,291 276 
20301,625 279 
Thereafter2,795 2,397 
Total lease payments17,149 3,732 
Less: imputed interest(1,744)(815)
Present value of lease liabilities$15,405 $2,917 
v3.25.4
Deposits (Tables)
 12 Months Ended
Dec. 31, 2025
Deposits [Abstract]  
Schedule of Deposit Liabilities
Deposits consisted of the following as of December 31, 2025 and 2024:
(Dollars in thousands)December 31, 2025% of Total DepositsDecember 31, 2024% of Total Deposits
Noninterest-bearing demand deposits$834,013 16.0 %$759,169 16.2 %
Interest-bearing demand deposits1,278,940 24.5 %1,101,444 23.5 %
Money market1,226,171 23.5 %968,398 20.6 %
Savings324,064 6.2 %260,258 5.5 %
Total demand and savings 3,663,188 70.2 %3,089,269 65.9 %
Time1,551,475 29.8 %1,600,658 34.1 %
Total deposits$5,214,663 100.0 %$4,689,927 100.0 %
Schedule of Time Deposits By Maturity Date
The scheduled maturities of time deposits as of December 31, 2025 were as follows:
Time Deposits
(In thousands)Less than $250,000$250,000 or more
Maturing in 2026$1,026,518 $362,344 
Maturing in 2027107,392 10,203 
Maturing in 202824,792 3,608 
Maturing in 20298,465 260 
Maturing in 20305,812 682 
Maturing thereafter3,654 867 
$1,176,633 $377,964 
v3.25.4
Long-term Debt (Tables)
 12 Months Ended
Dec. 31, 2025
Maturities of Long-Term Debt [Abstract]  
Schedule of Long-term Debt Outstanding by Due Date
The following table presents a summary of long-term debt as of December 31:
(Dollars in thousands)December 31, 2025December 31, 2024
FHLB fixed rate instruments:
Due February 2026, 4.51%
$20,000 $20,000 
Due August 2026, 4.80%
212 523 
Due February 2027, 6.71%
10 17 
Total FHLB fixed rate instruments20,222 20,540 
Finance lease obligations included in long-term debt2,917 3,063 
Total long-term debt$23,139 $23,603 
The aggregate principal amounts due on FHLB fixed rate instruments subsequent to December 31, 2025, are as follows:
(In thousands)
2026$20,220 
20272 
$20,222 
v3.25.4
Derivative Financial Instruments (Tables)
 12 Months Ended
Dec. 31, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Notional Amount and Fair Value of Mortgage Banking Derivative Financial Instruments
Information related to mortgage banking derivative activity is set forth in the following table:
December 31, 2025December 31, 2024
(In thousands)Notional AmountAsset (Liability) Fair Value Notional AmountAsset (Liability) Fair Value
Interest Rate Lock Commitments
Positive Fair Values$643 $4 $120 $1 
Negative Fair Values 170 (1)1,084 (4)
Forward Commitments
Positive Fair Values1,129 6 2,380 7 
Negative Fair Values$1,192 $(4)$1,167 $(6)
Information related to loan-level interest rate swaps is set forth in the following table:
(Dollars in thousands)December 31, 2025December 31, 2024
 Loan-level interest rate swaps on loans with customers
      Notional amount $287,251 $217,150 
      Weighted-average remaining term (years) 4.165.11
      Receive fixed rate (weighted-average) 5.13 %4.68 %
      Pay variable rate (weighted-average)6.08 %6.64 %
      Estimated fair value (1)
$8,796 $11,118 
(Dollars in thousands)December 31, 2025December 31, 2024
Loan-level interest rate swaps on loans with correspondents
      Notional amount $287,251 $217,150 
      Weighted-average remaining term (years) 4.165.11
      Receive variable rate (weighted-average) 6.08 %6.64 %
      Pay fixed rate (weighted-average)5.13 %4.68 %
      Estimated fair value (2)
$8,796 $11,118 
(1)    The net amount of the estimated fair value is disclosed in Other Liabilities on the Consolidated Balance Sheet.
(2)    The net amount of the estimated fair value is disclosed in Other Assets on the Consolidated Balance Sheet.
Information related to cash flow hedges is set forth in the following table:

(Dollars in thousands)December 31, 2025December 31, 2024
 Cash flow hedges
      Notional amount $75,000 $295,000 
      Weighted-average remaining term (years) 0.841.55
      Pay fixed rate (weighted-average) 3.81 %3.64 %
      Receive variable rate (weighted average)3.52 %4.10 %
      Estimated fair value (1)
$211 $2,590 
(1)    Estimated fair value, net of accrued interest receivable, is disclosed in Other Assets on the Consolidated Balance Sheet.
Schedule of Mortgage Banking Derivative Financial Instruments Net, Gains or Losses Recognized Within Other Noninterest Income
The following table presents derivative financial instruments and the amount of the net gains or losses recognized within other noninterest income on the Consolidated Statements of Income for the years ended December 31:
(In thousands)20252024
Interest Rate Lock Commitments$32 $(3)
Forward Commitments(21)14 
Total$11 $11 
v3.25.4
Fair Value Measurement (Tables)
 12 Months Ended
Dec. 31, 2025
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis
The following tables illustrate the assets and liabilities measured at fair value on a recurring basis and reported on the Consolidated Balance Sheets:
December 31, 2025
(In thousands)Level 1Level 2Level 3Total
Available-for-sale securities:
U.S. Treasury and U.S. government agencies$— $19,066 $— $19,066 
Mortgage-backed U.S. government agencies— 353,397 — 353,397 
State and political subdivision obligations— 3,834 — 3,834 
Corporate debt securities— 40,017 — 40,017 
Equity securities5,446 — — 5,446 
Loans held-for-sale— 3,668 — 3,668 
Other assets:
Derivative assets— 9,007 — 9,007 
Other liabilities:
Derivative liabilities— 8,796 — 8,796 
December 31, 2024
(In thousands)Level 1Level 2Level 3Total
Available-for-sale securities:
U.S. Treasury and U.S. government agencies$— $21,507 $— $21,507 
Mortgage-backed U.S. government agencies— 202,944 — 202,944 
State and political subdivision obligations— 3,596 — 3,596 
Corporate debt securities— 32,430 — 32,430 
Equity securities428 — — 428 
Loans held-for-sale— 7,064 — 7,064 
Other assets:
Derivative assets— 13,708 — 13,708 
Other liabilities:
Derivative liabilities— 11,118 — 11,118 
Schedule of Fair Value Measurements, Nonrecurring
The following table illustrates financial instruments measured at fair value on a nonrecurring basis:
December 31, 2025
(In thousands)Level 1Level 2Level 3Total
Individually evaluated loans, net of ACL$— $— $20,903 $20,903 
Foreclosed assets held-for-sale— — 7,806 7,806 
December 31, 2024
(In thousands)Level 1Level 2Level 3Total
Individually evaluated loans, net of ACL$— $— $21,171 $21,171 
Foreclosed assets held-for-sale— — 44 44 
The following table presents additional information about the valuation techniques for level 3 assets measured at fair value on a nonrecurring basis:
December 31, 2025
(In thousands)
Fair Value
Valuation Technique
Significant Unobservable Input
Range of Inputs
Weighted Average
Individually evaluated loans, net of ACL$20,903 
Appraisal of collateral
Appraisal adjustments
8%-100%44.9%
Foreclosed assets held-for-sale7,806 
Appraisal of collateral
Appraisal adjustments23%-100%39.8%
December 31, 2024
(In thousands)
Fair Value
Valuation Technique
Significant Unobservable Input
Range of Inputs
Weighted Average
Individually evaluated loans, net of ACL$21,171 
Appraisal of collateral
Appraisal adjustments0%-100%5.6%
Foreclosed assets held-for-sale44 
Appraisal of collateral
Appraisal adjustments26%-26%26.0%
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:
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 receivable29,640 29,640 — — 29,640 
 Derivative assets 9,007 — 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 
 Accrued interest payable10,942 10,942 — — 10,942 
 Derivative liabilities8,796 — 8,796 — 8,796 
(1)    Long-term debt excludes finance lease obligations.
December 31, 2024
Estimated Fair Value
(In thousands)Carrying
Amount		Level 1Level 2Level 3Total
Financial instruments - assets
Cash and cash equivalents$70,564 $70,564 $— $— $70,564 
Available-for-sale securities260,477 — 260,477 — 260,477 
 Held-to-maturity securities382,447 — 340,648 — 340,648 
   Equity securities428 428 — — 428 
 Loans held-for-sale7,064 — 7,064 — 7,064 
Net loans 4,407,556 — — 4,430,623 4,430,623 
 Restricted investment in bank stocks7,461 7,461 — 7,461 
 Accrued interest receivable26,846 26,846 — — 26,846 
 Derivative assets13,708 — 13,708 — 13,708 
Financial instruments - liabilities
Deposits$4,689,927 $— $4,684,548 $— $4,684,548 
Short-term borrowings2,000 — 2,000 — 2,000 
Long-term debt (1)
20,540 — 19,120 — 19,120 
Subordinated debt45,741 — 42,811 — 42,811 
 Accrued interest payable13,484 13,484 — — 13,484 
 Derivative liabilities11,118 — 11,118 — 11,118 
(1)    Long-term debt excludes finance lease obligations
v3.25.4
Postretirement Benefit Plans (Tables)
 12 Months Ended
Dec. 31, 2025
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]  
Schedule of Net Funded Status
The following tables present a reconciliation of the changes in the plan’s health and life insurance benefit obligations and fair value of plan assets for the years ended December 31, 2025 and 2024, and a statement of the funded status as of December 31, 2025 and 2024.
(In thousands)December 31,
Change in benefit obligations:20252024
Benefit obligations, January 1$226 $271 
Service cost1 1 
Interest cost11 11 
Change in experience1 (28)
Change in assumptions5 (7)
Benefit payments(20)(22)
Benefit obligations, December 31$224 $226 
Change in fair value of plan assets:
Fair value of plan assets, January 1$— $— 
Employer contributions20 22 
Benefit payments(20)(22)
Fair value of plan assets, December 31— — 
Funded status at year end$(224)$(226)
The following tables provide a reconciliation of the changes in the Director's Plan benefit obligations and fair value of plan assets for the years ended December 31, 2025 and 2024, and a statement of the status as of December 31, 2025 and 2024. This Plan was unfunded.
(In thousands)December 31,
Change in benefit obligations:20252024
Benefit obligations, January 1$— $1,306 
Service cost— — 
Interest cost— — 
Actuarial loss — — 
Change in assumptions— — 
Benefit payments— (1,306)
Benefit obligations, December 31$— $— 
Change in fair value of plan assets:
Fair value of plan assets, January 1$— $— 
Employer contributions— 1,306 
Benefit payments— (1,306)
Fair value of plan assets, — — 
Funded status at year end$— $— 
The following tables provide a reconciliation of the changes in the Scottdale Plan’s benefit obligations and fair value of plan assets for the year ended December 31, 2025 and 2024, and a statement of the status as of December 31, 2025 and 2024:
(In thousands)December 31,
Change in benefit obligations:20252024
Benefit obligations, January 1$2,547 $2,659 
Service cost15 25 
Interest cost136 130 
Settlement loss4 — 
Actuarial gain(35)(97)
Settlement payments(493)— 
Benefit payments(87)(170)
Benefit obligations, December 31$2,087 $2,547 
Change in fair value of plan assets:
Fair value of plan assets, January 1$3,597 $3,468 
Return on plan assets415 328 
Employer contributions— — 
Benefit payments(87)(170)
Administrative expenses(29)(29)
Settlement payments(493)— 
Fair value of plan assets, December 313,403 3,597 
Funded status at year end$1,316 $1,050 
The following tables provide a reconciliation of the changes in the Riverview Plans' benefit obligations and fair value of plan assets for year ended December 31, 2025, and a statement of the status as of December 31:
(In thousands)
Change in benefit obligations:20252024
Benefit obligations, January 1$5,740 $6,442 
Interest cost302 299 
Actuarial loss(8)(483)
Benefit payments(508)(518)
Benefit obligations, December 31$5,526 $5,740 
Change in fair value of plan assets:
Fair value of plan assets, January 1,$6,711 $6,895 
Return on plan assets697 329 
Contributions— 3 
Benefit payments(505)(516)
Fair value of plan assets, December 316,903 6,711 
Funded status at year end$1,377 $971 
Schedule of Amounts Recognized in Balance Sheet
The amount recognized in other liabilities on the Consolidated Balance Sheets as of December 31, is as follows:
(In thousands)20252024
Accrued benefit liability$224 $226 
Amounts recognized in other liabilities on the Consolidated Balance Sheet as of December 31 are as follows:
(In thousands)20252024
Accrued benefit liability$— $— 
Amounts recognized on the Consolidated Balance Sheets as of December 31 are as follows:
(In thousands)20252024
Accrued pension benefit asset$1,316 $1,050 
Amounts recognized in other liabilities on the Consolidated Balance Sheets as of December 31 are as follows:
(In thousands)20252024
Accrued pension benefit asset$1,377 $971 
Schedule of Amounts Recognized in Other Comprehensive (Loss) Income
The amounts recognized in accumulated other comprehensive income as of December 31 consist of:
(In thousands)20252024
Net gain, pretax$(51)$(65)
Net prior service cost, pretax— — 
Amounts recognized in accumulated other comprehensive loss (income) as of December 31 consist of:
(In thousands)20252024
Net prior service cost, pretax$— $— 
Net loss, pretax— — 
Amounts recognized in accumulated other comprehensive loss consist of the following as of December 31:
(In thousands)20252024
Unrecognized actuarial gain$813 $798 
As of December 31, 2025 amounts related to the Riverview Plans that have been recognized in accumulated other comprehensive loss but not yet recognized as a component of net periodic pension cost are as follows:
(In thousands)20252024
Unrecognized actuarial gain $153 $415 
Schedule of Net Periodic Benefit Costs
The components of net periodic postretirement benefit cost for 2025, 2024 and 2023 are as follows:
(In thousands)202520242023
Service cost$1 $1 $1 
Interest cost11 11 13 
Amortization of prior service cost— — 10 
Amortization of net gain(8)(7)(2)
Net periodic postretirement benefit cost$4 $5 $22 
The components of net periodic retirement cost for 2025, 2024 and 2023 are as follows:
(In thousands)202520242023
Service cost$— $— $56 
Interest cost— — 61 
Amortization of net loss— — 34 
Net periodic retirement cost$— $— $151 
The components of net periodic retirement cost for December 31 are as follows:
(In thousands)202520242023
Service cost$15 $25 $58 
Interest cost136 130 197 
Expected return on plan assets(159)(153)(211)
Recognized net actuarial gain(52)(25)(63)
Net periodic retirement income$(60)$(23)$(19)
The components of net periodic pension and postretirement benefit cost for the year ended December 31, 2025 and 2024 are as follows:
(In thousands)202520242023
Interest cost$302 $299 $309 
Expected return on plan assets(387)(397)(387)
Amortization of net loss10 12 — 
Net periodic pension benefit$(75)$(86)$(78)
(In thousands)202520242023
Service credit$— $— $— 
Interest cost1 1 1 
Unrecognized gain(1)(1)(1)
Net periodic postretirement benefit $— $— $— 
Schedule of Assumptions Used
Weighted-average assumptions used in the measurement of Mid Penn's benefit obligations as of December 31 are as follows:
Weighted-average assumptions:20252024
Discount rate5.07 %5.32 %
Rate of compensation increase— — 
Weighted-average assumptions used in the measurement of Mid Penn’s net periodic benefit cost for the years ended December 31 are as follows:
Weighted-average assumptions:202520242023
Discount rate5.32 %4.67 %4.90 %
Rate of compensation increase— — — 
Weighted-average assumptions used in the measurement of Mid Penn’s benefit obligations as of December 31 are as follows:
Weighted-average assumptions:20252024
Discount rate—%—%
Change in consumer price index——
Weighted-average assumptions used in the measurement of Mid Penn’s net periodic benefit cost for the years ended December 31 are as follows:
Weighted-average assumptions:202520242023
Discount rate—%—%4.80%
Change in consumer price index——3.40
Weighted-average assumptions used in the measurement of Mid Penn’s benefit obligations and net periodic pension costs as of December 31 are as follows:
Weighted-average assumptions:202520242023
Discount rate5.50%5.50%5.00%
Expected long-term return on plan assets4.504.504.50
Rate of compensation increases2.502.502.50
Weighted-average assumptions used in the measurement of Mid Penn’s benefit obligations and net periodic pension costs as of December 31, 2025 and 2024 are as follows:
Pension BenefitsPostretirement
Life Insurance
Benefits
2025UnionCitizensCBT
Discount rate5.54 %5.54 %4.99 %
Expected long-term return on plan assets6.00 6.00 n/a
2024
Discount rate4.83 %4.83 %5.32 %
Expected long-term return on plan assets6.00 6.00 n/a
Schedule of Health Care Cost Trend Rates
Assumed health care cost trend rates as of December 31 are as follows:
202520242023
Health care cost trend rate assumed for next year8.00%7.00%7.00%
Rate to which the cost trend rate is assumed to decline (the ultimate trend rate)5.50%5.50%5.50%
Year that the rate reaches the ultimate trend rate202920282027
Schedule of Expected Benefit Payments
The following table shows the estimated benefit payments for future periods:
(In thousands)
2026$28 
202728 
202827 
202918 
203014 
2031-203567 
The following table shows the estimated benefit payments for future periods:
(In thousands)
2026$108 
2027124 
2028155 
2029154 
2030178 
2031-2035840 
The following table shows the estimated benefit payments for future periods:
(In thousands)Pension BenefitsPostretirement
Life Insurance
Benefits
2026$511 $4 
2027498 3 
2028499 3 
2029490 3 
2030478 3 
2031-20352,154 9 
Schedule of Plan Assets at Fair Value
The following table presents a summary of the Scottdale Plan’s assets at fair value and the weighted-average asset allocations by investment category as of December 31:
Estimated Fair ValuePercentage of Total AssetsEstimated Fair ValuePercentage of Total Assets
(Dollars in thousands)20252024
Cash and cash equivalents$365 10.7 %$263 7.3 %
Common stock1,894 55.7 2,081 57.9 
Corporate bonds1,144 33.6 1,253 34.8 
$3,403 100.0 %$3,597 100.0 %
Schedule of Plan's Weighted Average Asset Allocation by Investment Category
The following table presents a summary of the Riverview Plan’s assets at fair value and the weighted-average asset allocations by investment category as of December 31:
(Dollars in thousands)Estimated Fair ValuePercentage of Total AssetsEstimated Fair ValuePercentage of Total Assets
Weighted-average asset allocations:20252024
Cash and cash equivalents$60 0.9 %$60 0.9 %
Mutual fund - equity2,618 37.9 2,619 39.0 
Mutual fund / EFTs - fixed income3,926 56.9 3,716 55.4 
Common / collective trusts equity299 4.3 316 4.7 
$6,903 100 %$6,711 100 %
v3.25.4
Other Benefit Plans (Tables)
 12 Months Ended
Dec. 31, 2025
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]  
Schedule of Details of Compensation Arrangements
The details of the compensation arrangements for the years ended December 31 include:
(In thousands)Fully Funded Gross Amounts
Compensation Arrangements20252024
Supplemental executive retirement agreements$1,012 $1,112 
Executive deferred compensation agreement1,031 1,235 
Total compensation agreements$2,043 $2,347 
v3.25.4
Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2025
Income Tax Disclosure [Abstract]  
Schedule of Net Deferred Tax Asset
Significant components of the Corporation’s net deferred tax asset as of December 31, 2025 and 2024 are shown below.
(In thousands)20252024
Deferred tax assets:
Allowance for loan losses$8,031 $7,878 
Loan fees811 769 
Deferred compensation1,899 1,317 
Benefit plans46 50 
Unrealized loss on securities2,373 5,389 
Lease adjustments53 87 
Business combination adjustments7,057 4,659 
Acquired NOL, Section 1231, and charitable contribution carryforwards3,198 3,153 
 Rabbi trust442 521 
 Riverview AMT credits547 621 
 Equity compensation776 249 
 Riverview subordinated debt fair value adjustment— 139 
 Software renewal costs194 222 
 Unfunded commitments and loan basis adjustments609 491 
 Investments in flow-through entities203 517 
 Other276 482 
Total deferred tax assets$26,515 $26,544 
Deferred tax liabilities: 
Depreciation$(2,134)$(1,160)
Bond accretion(401)(269)
Goodwill and intangibles(226)(505)
Prepaid expenses(818)(74)
Benefit plans(1,520)(1,368)
Interest rate swaps— (421)
Total deferred tax liabilities(5,099)(3,797)
Deferred tax asset, net$21,416 $22,747 
Schedule of Provision for Income Taxes
The provision for income taxes consists of the following:
(In thousands)202520242023
Current tax provision
Federal$2,199 $7,118 $7,570 
State108 864 1,033 
Total current tax provision$2,307 $7,982 $8,603 
Deferred tax expense (benefit)
Federal$12,910 $1,998 $(525)
State905 615 (781)
Total deferred tax expense (benefit)13,815 2,613 (1,306)
Total provision for income taxes$16,122 $10,595 $7,297 
Schedule of Effective Income Tax Rate Reconciliation
A reconciliation of the federal income tax provision at the statutory rate of 21% to Mid Penn's actual federal income tax provision at its effective rate is as follows:
(In thousands)202520242023
Provision at the expected statutory rate$15,198 21.0 %$12,607 21.0 %$9,388 21.0 %
Low income housing partnership tax credits(614)(0.8)(2,163)(3.6)(1,337)(3.0)
Effect of tax-exempt income(770)(1.1)(804)(1.3)(641)(1.4)
Effect of investment in life insurance(485)(0.7)(770)(1.3)(252)(0.6)
Nondeductible merger and acquisition expense704 1.0 48 0.1 207 0.5 
State income taxes, net of federal tax benefit800 1.1 1,169 1.9 199 0.4 
Nondeductible interest128 0.2 150 0.2 108 0.2 
Executive compensation581 0.8 — — — — 
Equity compensation242 0.3 — — — — 
Other items338 0.5 358 0.6 (375)(0.8)
Provision for income taxes$16,122 22.3 %$10,595 17.6 %$7,297 16.3 %
Schedule of Income Taxes Paid
Mid Penn paid the following income taxes, net of refunds, during the year ended December 31, 2025:
(In thousands)2025
Federal$5,350 
State
New Jersey395 
Other states7 
Total state402 
Total Income Taxes Paid$5,752 
v3.25.4
Regulatory Matters (Tables)
 12 Months Ended
Dec. 31, 2025
Broker-Dealer, Net Capital Requirement, SEC Regulation [Abstract]  
Schedule of Regulatory Capital Levels And Related Ratios
The following tables present the regulatory capital levels, leverage ratios, and risk-based capital ratios as of December 31:
ActualMinimum for
Basel III Capital
Adequacy		To Be Well-Capitalized
Under Prompt
Corrective
Action Provisions
(Dollars in thousands)AmountRatioAmountRatioAmountRatio
Mid Penn Bancorp, Inc.
2025
Tier 1 Capital (to Average Assets)$668,092 11.0%$242,447 4.0%N/AN/A
Common Equity Tier 1 Capital (to Risk-Weighted Assets)668,092 13.5345,190 7.0N/AN/A
Tier 1 Capital (to Risk-Weighted Assets)668,092 13.5419,160 8.5N/AN/A
Total Capital (to Risk-Weighted Assets)706,029 14.3517,785 10.5N/AN/A
Mid Penn Bank
2025
Tier 1 Capital (to Average Assets)$656,480 10.9%$241,963 4.0%$302,453 5.0%
Common Equity Tier 1 Capital (to Risk-Weighted Assets)656,480 13.4344,074 7.0319,497 6.5
Tier 1 Capital (to Risk-Weighted Assets)656,480 13.4417,804 8.5393,227 8.0
Total Capital (to Risk-Weighted Assets)694,417 14.1516,111 10.5491,534 10.0
Mid Penn Bancorp, Inc.
2024
Tier 1 Capital (to Average Assets)$535,501 10.0%$214,621 4.0%N/AN/A
Common Equity Tier 1 Capital (to Risk-Weighted Assets)535,501 11.9313,979 7.0N/AN/A
Tier 1 Capital (to Risk-Weighted Assets)535,501 11.9381,261 8.5N/AN/A
Total Capital (to Risk-Weighted Assets)618,971 13.8470,969 10.5N/AN/A
Mid Penn Bank
2024
Tier 1 Capital (to Average Assets)$495,729 9.2%$214,461 4.0%$268,076 5.0%
Common Equity Tier 1 Capital (to Risk-Weighted Assets)495,729 11.1313,456 7.0291,066 6.5
Tier 1 Capital (to Risk-Weighted Assets)495,729 11.1380,625 8.5358,235 8.0
Total Capital (to Risk-Weighted Assets)533,458 11.9470,183 10.5$447,794 10.0
v3.25.4
Commitments and Contingencies (Tables)
 12 Months Ended
Dec. 31, 2025
Commitments and Contingencies Disclosure [Abstract]  
Schedule of ACL - OBS by Segment
The following table presents the activity in the ACL - OBS by segment for the year ended December 31, 2025 and December 31, 2024:
(In thousands)Balance as of
December 31, 2024
(Benefit)/Provision for Credit Loss (1)
Balance as of December 31, 2025
1-4 Family Rental$16 $(4)$12 
Commercial and industrial1,165 292 1,457 
CRE NonOwner Occupied132 2 134 
CRE Owner Occupied98 (5)93 
Consumer3 — 3 
Farmland92 5 97 
HELOC & Junior Liens92 38 130 
Multifamily27 (15)12 
Other Construction & Land792 (50)742 
Residential Construction516 (287)229 
Residential First Liens6 (2)4 
$2,939 $(26)$2,913 
(1)     Includes the impact of the William Penn Acquisition on April 30, 2025.
(In thousands)Balance as of
December 31, 2023		(Benefit)/Provision for Credit LossBalance as of December 31, 2024
1-4 Family Rental$11 $5 $16 
Commercial and industrial1,270 (105)1,165 
CRE NonOwner Occupied113 19 132 
CRE Owner Occupied106 (8)98 
Consumer3 — 3 
Farmland108 (16)92 
HELOC & Junior Liens100 (8)92 
Multifamily24 3 27 
Other Construction & Land1,036 (244)792 
Residential Construction778 (262)516 
Residential First Liens18 (12)6 
$3,567 $(628)$2,939 
v3.25.4
Earnings Per Share (Tables)
 12 Months Ended
Dec. 31, 2025
Earnings Per Share [Abstract]  
Schedule of Computation of Basic and Diluted Earnings Per Common Share
The following table sets forth the computation of basic and diluted earnings per common share for years ended December 31:
(In thousands, except per share data)
202520242023
Net income available to common shareholders$56,248 $49,437 $37,397 
Weighted-average common shares outstanding - basic21,757,060 17,026,240 16,319,006 
Dilutive effect of stock-based compensation265,415 44,622 31,957 
Weighted-average common shares outstanding - diluted22,022,475 17,070,862 16,350,963 
Basic earnings per common share$2.59 $2.90 $2.29 
Diluted earnings per common share2.55 2.90 2.29 
v3.25.4
Shareholders' Equity (Tables)
 12 Months Ended
Dec. 31, 2025
Common Stock, Number of Shares, Par Value and Other Disclosure [Abstract]  
Schedule of Components of Accumulated Other Comprehensive Income (Loss), Net of Taxes
The components of accumulated other comprehensive loss (income), net of taxes, are as follows:
(In thousands)
Unrealized Loss on
Securities		Unrealized Holding Losses on Interest Rate Derivatives used in Cash Flow HedgesDefined Benefit
Plans		Total
Balance as of December 31, 2022$(19,327)$— $111 $(19,216)
OCI before reclassifications1,988 820 (212)2,596 
Amounts reclassified from AOCI— — (17)(17)
Balance - December 31, 2023(17,339)820 (118)(16,637)
OCI before reclassifications(1,550)665 723 (162)
Amounts reclassified from AOCI— — (26)(26)
Balance - December 31, 2024(18,889)1,485 579 (16,825)
OCI before reclassifications11,918 (1,676)308 10,550 
Amounts reclassified from AOCI— — (48)(48)
Balance - December 31, 2025$(6,971)$(191)$839 $(6,323)
v3.25.4
Stock-Based Compensation Plans (Tables)
 12 Months Ended
Dec. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Compensation Expense and Related Tax Benefits for Restricted Stock Awards Recognized
Compensation expense and related tax benefits for restricted stock awards recognized on the Consolidated Statements of Income for the years ended December 31 is as follows:
(In thousands)202520242023
Compensation expense$1,999 $1,047 $1,103 
Tax benefit (1)
(420)(220)(232)
Net income effect$1,579 $827 $871 
(1)    Calculated using statutory tax rate of 21%.
Schedule of Restricted Stock Activity
A summary of the restricted stock activity for the year ended December 31, 2025 is as follows:
(Dollars in thousands)Number of SharesWeighted-Average Grant-Date Fair Value
Non-vested as of January 1, 202582,278$23.75 
Vested(37,878)28.35 
Granted66,44525.90 
Non-vested as of December 31, 2025110,84523.46 
v3.25.4
Segment Reporting (Tables)
 12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information
The following table presents financial information reviewed by the CODM in assessing performance and allocating resources:

(In thousands)December 31, 2025December 31, 2024December 31, 2023
Net interest income$199,095 $156,671 $146,973 
Provision for credit losses1,2971,5163,699
Noninterest income26,84222,49320,008
Noninterest expense152,270117,616118,588
Provision for Income taxes16,12210,5957,297
Net income56,24849,43737,397
Total assets$6,133,896 $5,470,936 $5,290,792 
v3.25.4
Variable Interest Entities (Tables)
 12 Months Ended
Dec. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Variable Interest Entities
The investments in these unconsolidated entities are reflected in other assets on the Consolidated Balance Sheet, and are summarized for the periods below:
For the Year Ended
(In thousands)December 31, 2025December 31, 2024
Income tax benefits
$2,582 $2,163 
Amortization of LIHTC investments
1,969 2,290 
v3.25.4
Parent Company Statements (Tables)
 12 Months Ended
Dec. 31, 2025
Condensed Financial Information Disclosure [Abstract]  
Condensed Balance Sheets
CONDENSED BALANCE SHEETS
December 31,
(In thousands)20252024
ASSETS
Cash and cash equivalents$3,479 $83,209 
Investment in subsidiaries808,102 617,476 
Other assets3,775 1,423 
Total assets$815,356 $702,108 
LIABILITIES AND SHAREHOLDERS' EQUITY
Subordinated debt and trust preferred securities$— $45,741 
Other liabilities1,298 1,349 
Shareholders' equity814,058 655,018 
Total liabilities and shareholders' equity$815,356 $702,108 
Condensed Statements of Income and Comprehensive Income
CONDENSED STATEMENTS OF INCOME
Year Ended December 31,
(In thousands)202520242023
Income
Other income$41 $62 $147 
Total Income41 62 147 
Expenses21,009 6,677 10,865 
Loss before income tax and equity in undistributed earnings of subsidiaries(20,968)(6,615)(10,718)
Income Tax Benefit4,114 1,549 2,932 
Equity in undistributed earnings of subsidiaries73,102 54,503 45,183 
Net Income$56,248 $49,437 $37,397 
Condensed Statement of Cash Flows
CONDENSED STATEMENTS OF CASH FLOWS
Year Ended December 31,
(In thousands)202520242023
CASH FLOWS FROM OPERATING ACTIVITIES
Net income$56,248 $49,437 $37,397 
Equity in undistributed earnings of subsidiaries(73,102)(54,503)(45,183)
Stock based compensation1,999 1,047 1,103 
Amortization of debt issuance costs5 7 7 
Net change in other assets (2,352)2,829 (3,407)
Net change in other liabilities(517)(854)(246)
Net cash used in operating activities(17,719)(2,037)(10,329)
CASH FLOWS FROM INVESTING ACTIVITIES
Net cash paid for acquisition4,772 — (25,574)
Investment in subsidiary(8,588)12,810 71,493 
Net cash (used in)/provided by investing activities$(3,816)$12,810 $45,919 
CASH FLOWS FROM FINANCING ACTIVITIES
Dividends paid(18,160)(13,822)(12,981)
Employee and Director Stock Purchase Plans stock issuance619 561 482 
Proceeds from issuance of common stock— 75,956 — 
Treasury stock purchased(2,250)(323)(4,876)
Stock options exercised6,876 — — 
Subordinated debt and trust preferred securities redemption(45,280)— (10,000)
Net cash (used in)/provided by financing activities(58,195)62,372 (27,375)
Net (decrease)/increase in cash and cash equivalents(79,730)73,145 8,215 
Cash and cash equivalents, beginning of year83,209 10,064 1,849 
Cash and cash equivalents, end of year$3,479 $83,209 $10,064 
v3.25.4
Summary of Significant Accounting Policies (Details)
$ in Thousands
 12 Months Ended 39 Months Ended
Jan. 01, 2026
USD ($)
shares
Dec. 31, 2025
USD ($)
unit
segment
apartment
property
shop
nonbankSubsidiary
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Mar. 31, 2021
Number of nonbank subsidiaries | nonbankSubsidiary   6      
Number of reportable segments | segment   1      
Assets under management   $ 1,000,000      
Cash reserve balances   0 $ 0    
Accrued interest, after allowance for credit loss   1,800      
Held-to-maturity, at amortized cost (fair value $321,702 and $340,648)   347,285 382,447    
Held-to-maturity, accrued Interest, after allowance for credit loss   1,500      
Net loans   $ 405,300 $ 0    
Disposal Group, Not Discontinued Operation, Gain Loss On Disposal, Statement Of Income, Extensible List, Not Disclosed Flag   current operations current operations    
Bank premises and equipment held for sale   $ 475 $ 702    
Property written down value   $ 228      
Number of written down property | property   1      
Number of property available for sale | property   1      
Number of reporting units | unit   1      
Goodwill and intangible asset impairment   $ 0 $ 0 $ 0  
Finance Lease, Liability, Statement of Financial Position [Extensible List]   Long-term debt Long-term debt    
Core Deposit Intangible          
Core deposit intangible, amortization period (in years)   10 years      
Minimum | Customer Lists Intangible          
Core deposit intangible, amortization period (in years)   10 years      
Minimum | Buildings          
Property, plant and equipment, useful life (in years)   5 years      
Minimum | Furniture, fixtures, and equipment          
Property, plant and equipment, useful life (in years)   3 years      
Minimum | Land Improvements          
Property, plant and equipment, useful life (in years)   10 years      
Minimum | Leasehold improvements          
Property, plant and equipment, useful life (in years)   10 years      
Maximum | Core Deposit Intangible          
Core deposit intangible, amortization period (in years)   10 years      
Maximum | Customer Lists Intangible          
Core deposit intangible, amortization period (in years)   20 years      
Maximum | Buildings          
Property, plant and equipment, useful life (in years)   50 years      
Maximum | Furniture, fixtures, and equipment          
Property, plant and equipment, useful life (in years)   10 years      
Maximum | Land Improvements          
Property, plant and equipment, useful life (in years)   20 years      
Maximum | Leasehold improvements          
Property, plant and equipment, useful life (in years)   15 years      
Dauphin County, Pennsylvania          
Carrying value of investment in limited partnership   $ 2,900 $ 3,700    
Number of apartments under the project | apartment   37      
Limited partner capital contribution commitment   $ 7,600      
Commitment funding term (in years)         3 years
Project investment amortization period (in years)   10 years      
LIHTCs amount awarded for the project   $ 8,500      
Low income housing tax credit   753 753 753  
Mechanicsburg, Pennsylvania          
Carrying value of investment in limited partnership   $ 9,000 9,700    
Project investment amortization period (in years)   10 years      
LIHTCs amount awarded for the project   $ 12,000      
Low income housing tax credit   $ 773 1,100    
Investment Program, Proportional Amortization Method, Elected, Income Tax Credit and Other Income Tax Benefit, before Amortization, Statement of Income or Comprehensive Income [Extensible Enumeration]   Provision for income taxes      
Investment Program, Proportional Amortization Method, Elected, Income Tax Credit and Other Income Tax Benefit, before Amortization, Statement of Cash Flows [Extensible Enumeration]   Provision for income taxes      
Schuylkill County, Pennsylvania          
Carrying value of investment in limited partnership   $ 2,700 3,100    
Number of apartments under the project | apartment   17      
Limited partner capital contribution commitment   $ 4,400      
Project investment amortization period (in years)   10 years      
LIHTCs amount awarded for the project   $ 4,800      
Low income housing tax credit   $ 442 484    
Number of shops under the project | shop   2      
Federal Home Loan Bank of Pittsburgh          
Other interest and dividend income   $ 443 1,300 864  
Equity securities          
Equity securities, fair value   5,400 428    
Equity securities sold   0 $ 0 $ 0  
Cumberland Advisors          
Assets under management   $ 3,200,000      
Cumberland Advisors | Subsequent Event          
Payments to acquire businesses $ 1,600        
Equity interest issued or issuable, number of shares (in shares) | shares 127,020        
v3.25.4
Business Combinations - Narrative (Details)
$ / shares in Units, $ in Thousands
 12 Months Ended
Jan. 01, 2026
USD ($)
shares
Sep. 24, 2025
USD ($)
$ / shares
May 12, 2025
USD ($)
Apr. 30, 2025
USD ($)
branch
$ / shares
shares
Jul. 31, 2024
USD ($)
Dec. 31, 2025
USD ($)
$ / shares
Dec. 31, 2024
USD ($)
$ / shares
Dec. 31, 2023
USD ($)
Business Combination [Line Items]                
Goodwill           $ 136,620 $ 128,160 $ 127,031
Merger and acquisition           $ 11,519 $ 545 $ 5,544
Common stock, par value (in dollars per share) | $ / shares           $ 1.00 $ 1.00  
Commonwealth Benefits Group acquisition                
Business Combination [Line Items]                
Consideration transferred         $ 2,000      
Additional consideration pursuant to earnout period         $ 800      
Additional consideration earn out period (in years)         3 years      
Goodwill         $ 1,100      
Merger and acquisition             $ 545  
Charis Insurance acquisition                
Business Combination [Line Items]                
Consideration transferred     $ 4,000          
Goodwill     $ 1,600          
Merger and acquisition           $ 164    
William Penn Acquisition                
Business Combination [Line Items]                
Consideration transferred       $ 103,213        
Goodwill       $ 6,900        
Merger and acquisition           10,100    
Percentage of voting interest acquired       100.00%        
Additional branches | branch       12        
Closing price per share (in dollars per share) | $ / shares       $ 29.05        
Equity interest issued or issuable, converted and issued (in shares) | shares       0.426        
Equity interest issued or issuable, number of shares (in shares) | shares       3,506,795        
Equity interest issued or issuable, additional number of shares (in shares) | shares       538,447        
Grant date fair value       $ 3,100        
Core deposit intangible       9,002        
Provision expense       2,300        
Discount (premium)       15        
Amount at par value       343        
Decrease to goodwill           1,100    
Revenue           14,200    
Net income (loss)           $ 653    
William Penn Acquisition | Financial Asset Acquired and No Credit Deterioration                
Business Combination [Line Items]                
Amount at purchase price       355,500        
William Penn Acquisition | Financial Asset Acquired with Credit Deterioration                
Business Combination [Line Items]                
Amount at purchase price       49,800        
William Penn Acquisition | Pre-Combination Vesting                
Business Combination [Line Items]                
Grant date fair value       1,300        
William Penn Acquisition | Post-Combination Vesting                
Business Combination [Line Items]                
Grant date fair value       $ 1,800        
1st Colonial Acquisition                
Business Combination [Line Items]                
Closing price per share (in dollars per share) | $ / shares   $ 18.50            
Business combination, price of acquisition, expected   $ 101,000            
Common stock, par value (in dollars per share) | $ / shares   $ 0.0            
Business combination, exchange ratio   0.6945            
Cumberland Advisors | Subsequent Event                
Business Combination [Line Items]                
Consideration transferred $ 5,500              
Equity interest issued or issuable, number of shares (in shares) | shares 127,020              
Equity interest purchase price, percent 70.00%              
Contingent consideration, maximum amount $ 1,000              
Cumberland Advisors | Stock Appreciation Rights (SARs) | Subsequent Event                
Business Combination [Line Items]                
Equity interest issued or issuable, number of shares (in shares) | shares 300,000              
Consideration transferred, equity interest, share issued, value $ 1,200              
v3.25.4
Business Combinations - Schedule of the Final Estimated Fair Value of the Assets Acquired and Liabilities and Equity Assumed (Details) - USD ($)
$ in Thousands
 12 Months Ended
Apr. 30, 2025
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Deposits:        
Fair value of common stock issued [1]   $ 103,213 $ 0 $ 18,095
William Penn Acquisition        
Assets acquired:        
Cash and cash equivalents $ 41,404      
Federal funds sold 553      
Investment securities 186,564      
Loans 405,271      
Core deposit intangible 9,002      
Premises and equipment 6,858      
Operating lease right-of-use asset 6,340      
Cash surrender value of life insurance 42,928      
Deferred income taxes 15,399      
Accrued interest receivable 2,271      
Other assets 9,947      
Total assets acquired 726,537      
Deposits:        
Noninterest-bearing demand 61,677      
Interest-bearing demand 121,522      
Money market 178,285      
Savings 76,983      
Time 181,293      
Operating lease liability 6,340      
Accrued interest payable 29      
Other liabilities 4,052      
Total liabilities assumed 630,181      
Consideration transferred 103,213      
Fair value of common stock issued 103,206      
Cash paid in lieu of fractional shares 7      
Net assets acquired 96,356      
Goodwill acquired $ 6,857 $ 6,857 $ 0  
[1] This disclosure includes the impact of the William Penn Acquisition on April 30, 2025 and the Brunswick acquisition on May 19, 2023.
v3.25.4
Business Combinations - Schedule of Supplemental Pro Forma Information (Details) - William Penn Acquisition - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Business Combination [Line Items]    
Net interest income after provision for credit losses - loans $ 206,082 $ 172,535
Noninterest income 27,977 25,476
Noninterest expense 152,449 139,678
Net income $ 56,676 $ 48,229
v3.25.4
Investment Securities - Narrative (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Securities Financing Transactions Disclosures [Abstract]    
Available-for-sale securities $ 416,314 $ 260,477
Accrued interest, after allowance for credit loss $ 1,800  
Debt Securities, Available-for-Sale, Accrued Interest, after Allowance for Credit Loss, Statement of Financial Position [Extensible Enumeration] Accrued interest receivable  
Held-to-maturity, at amortized cost (fair value $321,702 and $340,648) $ 347,285 382,447
Held-to-maturity, accrued Interest, after allowance for credit loss $ 1,500  
Debt Securities, Held-to-Maturity, Accrued Interest, after Allowance for Credit Loss, Statement of Financial Position [Extensible Enumeration] Accrued interest receivable  
Available-for-sale Securities Pledged as Collateral $ 544,700 440,000
Letter of credit outstanding, amount 162,500 156,000
Gross realized gains on the sale of AFS securities $ 10 $ 0
v3.25.4
Investment Securities - Schedule of Unrealized Gain (Loss) on Investments (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Available-for-sale    
Amortized Cost $ 426,512 $ 284,770
Gross Unrealized Gains 4,037 11
Gross Unrealized Losses 14,235 24,304
Available-for-sale securities 416,314 260,477
Held-to-maturity    
Amortized Cost 347,285 382,447
Gross Unrealized Gains 16 0
Gross Unrealized Losses 25,599 41,799
Estimated Fair Value 321,702 340,648
Amortized Cost 773,797 667,217
Gross Unrealized Gains 4,053 11
Gross Unrealized Losses 39,834 66,103
Estimated Fair Value 738,016 601,125
U.S. Treasury and U.S. government agencies    
Available-for-sale    
Amortized Cost 19,446 22,247
Gross Unrealized Gains 0 0
Gross Unrealized Losses 380 740
Available-for-sale securities 19,066 21,507
Held-to-maturity    
Amortized Cost 231,980 241,941
Gross Unrealized Gains 0 0
Gross Unrealized Losses 16,566 28,133
Estimated Fair Value 215,414 213,808
Mortgage-backed U.S. government agencies    
Available-for-sale    
Amortized Cost 361,109 222,464
Gross Unrealized Gains 3,788 11
Gross Unrealized Losses 11,500 19,531
Available-for-sale securities 353,397 202,944
Held-to-maturity    
Amortized Cost 32,418 37,593
Gross Unrealized Gains 4 0
Gross Unrealized Losses 3,747 5,508
Estimated Fair Value 28,675 32,085
State and political subdivision obligations    
Available-for-sale    
Amortized Cost 4,319 4,309
Gross Unrealized Gains 0 0
Gross Unrealized Losses 485 713
Available-for-sale securities 3,834 3,596
Held-to-maturity    
Amortized Cost 67,441 77,462
Gross Unrealized Gains 12 0
Gross Unrealized Losses 4,043 6,840
Estimated Fair Value 63,410 70,622
Corporate debt securities    
Available-for-sale    
Amortized Cost 41,638 35,750
Gross Unrealized Gains 249 0
Gross Unrealized Losses 1,870 3,320
Available-for-sale securities 40,017 32,430
Held-to-maturity    
Amortized Cost 15,446 25,451
Gross Unrealized Gains 0 0
Gross Unrealized Losses 1,243 1,318
Estimated Fair Value $ 14,203 $ 24,133
v3.25.4
Investment Securities - Schedule of Fair Value and Unrealized Loss on Debt Investment Securities in a Continuous Unrealized Loss Position (Details)
$ in Thousands
Dec. 31, 2025
USD ($)
security
Dec. 31, 2024
USD ($)
security
Debt Securities, Available-for-Sale [Line Items]    
Available for sale securities, Less than 12 Months: Number of Securities | security 36 9
Available for sale securities, Less than 12 Months: Fair Value $ 227,273 $ 72,499
Available for sale securities, Less than 12 Months: Unrealized Losses $ 205 $ 1,847
Available for sale securities, 12 Months or More: Number of Securities | security 123 129
Available for sale securities, 12 Months or More: Fair Value $ 189,041 $ 187,978
Available for sale securities, 12 Months or More: Unrealized Losses $ 14,030 $ 22,457
Available for sale securities, Total: Number of Securities | security 159 138
Available for sale securities, Total: Fair Value $ 416,314 $ 260,477
Available for sale securities, Total: Unrealized Losses $ 14,235 $ 24,304
Schedule of Held-to-Maturity Securities [Line Items]    
Held-to-maturity securities, Less than 12 Months: Number of Securities | security 19 14
Held-to-maturity securities, Less than 12 Months: Fair Value $ 8,192 $ 13,839
Held-to-maturity securities, Less than 12 Months: Unrealized Losses $ 130 $ 31
Held-to-maturity securities, 12 Months or More: Number of Securities | security 345 385
Held-to-maturity securities, 12 Months or More: Fair Value $ 313,510 $ 326,809
Held-to-maturity securities, 12 Months or More: Unrealized Losses $ 25,469 $ 41,768
Held-to-maturity securities, Total: Number of Securities | security 364 399
Held-to-maturity securities, Total: Fair Value $ 321,702 $ 340,648
Held-to-maturity securities, Total: Unrealized Losses $ 25,599 $ 41,799
Available-for-sale securities and Held-to-maturity securities, Less than 12 Months: Number of Securities | security 55 23
Available-for-sale securities and Held-to-maturity securities, Less than 12 Months: Fair Value $ 235,465 $ 86,338
Available-for-sale securities and Held-to-maturity securities, Less than 12 Months: Unrealized Losses $ 335 $ 1,878
Available-for-sale securities and Held-to-maturity securities, 12 Months or More: Number of Securities | security 468 514
Available-for-sale securities and Held-to-maturity securities, 12 Months or More: Fair Value $ 502,551 $ 514,787
Available-for-sale securities and Held-to-maturity securities, 12 Months or More: Unrealized Losses $ 39,499 $ 64,225
Available-for-sale securities and Held-to-maturity securities, Total: Number of Securities | security 523 537
Available-for-sale securities and Held-to-maturity securities, Total: Fair Value $ 738,016 $ 601,125
Available-for-sale securities and Held-to-maturity securities, Total: Unrealized Losses $ 39,834 $ 66,103
U.S. Treasury and U.S. government agencies    
Debt Securities, Available-for-Sale [Line Items]    
Available for sale securities, Less than 12 Months: Number of Securities | security 0 0
Available for sale securities, Less than 12 Months: Fair Value $ 0 $ 0
Available for sale securities, Less than 12 Months: Unrealized Losses $ 0 $ 0
Available for sale securities, 12 Months or More: Number of Securities | security 10 12
Available for sale securities, 12 Months or More: Fair Value $ 19,066 $ 21,507
Available for sale securities, 12 Months or More: Unrealized Losses $ 380 $ 740
Available for sale securities, Total: Number of Securities | security 10 12
Available for sale securities, Total: Fair Value $ 19,066 $ 21,507
Available for sale securities, Total: Unrealized Losses $ 380 $ 740
Schedule of Held-to-Maturity Securities [Line Items]    
Held-to-maturity securities, Less than 12 Months: Number of Securities | security 0 0
Held-to-maturity securities, Less than 12 Months: Fair Value $ 0 $ 0
Held-to-maturity securities, Less than 12 Months: Unrealized Losses $ 0 $ 0
Held-to-maturity securities, 12 Months or More: Number of Securities | security 137 143
Held-to-maturity securities, 12 Months or More: Fair Value $ 215,414 $ 213,808
Held-to-maturity securities, 12 Months or More: Unrealized Losses $ 16,566 $ 28,133
Held-to-maturity securities, Total: Number of Securities | security 137 143
Held-to-maturity securities, Total: Fair Value $ 215,414 $ 213,808
Held-to-maturity securities, Total: Unrealized Losses $ 16,566 $ 28,133
Mortgage-backed U.S. government agencies    
Debt Securities, Available-for-Sale [Line Items]    
Available for sale securities, Less than 12 Months: Number of Securities | security 27 9
Available for sale securities, Less than 12 Months: Fair Value $ 208,676 $ 72,499
Available for sale securities, Less than 12 Months: Unrealized Losses $ 141 $ 1,847
Available for sale securities, 12 Months or More: Number of Securities | security 91 91
Available for sale securities, 12 Months or More: Fair Value $ 144,721 $ 130,445
Available for sale securities, 12 Months or More: Unrealized Losses $ 11,359 $ 17,684
Available for sale securities, Total: Number of Securities | security 118 100
Available for sale securities, Total: Fair Value $ 353,397 $ 202,944
Available for sale securities, Total: Unrealized Losses $ 11,500 $ 19,531
Schedule of Held-to-Maturity Securities [Line Items]    
Held-to-maturity securities, Less than 12 Months: Number of Securities | security 4 2
Held-to-maturity securities, Less than 12 Months: Fair Value $ 423 $ 163
Held-to-maturity securities, Less than 12 Months: Unrealized Losses $ 0 $ 1
Held-to-maturity securities, 12 Months or More: Number of Securities | security 60 62
Held-to-maturity securities, 12 Months or More: Fair Value $ 28,252 $ 31,922
Held-to-maturity securities, 12 Months or More: Unrealized Losses $ 3,747 $ 5,507
Held-to-maturity securities, Total: Number of Securities | security 64 64
Held-to-maturity securities, Total: Fair Value $ 28,675 $ 32,085
Held-to-maturity securities, Total: Unrealized Losses $ 3,747 $ 5,508
State and political subdivision obligations    
Debt Securities, Available-for-Sale [Line Items]    
Available for sale securities, Less than 12 Months: Number of Securities | security 1 0
Available for sale securities, Less than 12 Months: Fair Value $ 24 $ 0
Available for sale securities, Less than 12 Months: Unrealized Losses $ 0 $ 0
Available for sale securities, 12 Months or More: Number of Securities | security 8 8
Available for sale securities, 12 Months or More: Fair Value $ 3,810 $ 3,596
Available for sale securities, 12 Months or More: Unrealized Losses $ 485 $ 713
Available for sale securities, Total: Number of Securities | security 9 8
Available for sale securities, Total: Fair Value $ 3,834 $ 3,596
Available for sale securities, Total: Unrealized Losses $ 485 $ 713
Schedule of Held-to-Maturity Securities [Line Items]    
Held-to-maturity securities, Less than 12 Months: Number of Securities | security 12 8
Held-to-maturity securities, Less than 12 Months: Fair Value $ 4,401 $ 3,176
Held-to-maturity securities, Less than 12 Months: Unrealized Losses $ 2 $ 30
Held-to-maturity securities, 12 Months or More: Number of Securities | security 139 169
Held-to-maturity securities, 12 Months or More: Fair Value $ 59,009 $ 67,446
Held-to-maturity securities, 12 Months or More: Unrealized Losses $ 4,041 $ 6,810
Held-to-maturity securities, Total: Number of Securities | security 151 177
Held-to-maturity securities, Total: Fair Value $ 63,410 $ 70,622
Held-to-maturity securities, Total: Unrealized Losses $ 4,043 $ 6,840
Corporate debt securities    
Debt Securities, Available-for-Sale [Line Items]    
Available for sale securities, Less than 12 Months: Number of Securities | security 8 0
Available for sale securities, Less than 12 Months: Fair Value $ 18,573 $ 0
Available for sale securities, Less than 12 Months: Unrealized Losses $ 64 $ 0
Available for sale securities, 12 Months or More: Number of Securities | security 14 18
Available for sale securities, 12 Months or More: Fair Value $ 21,444 $ 32,430
Available for sale securities, 12 Months or More: Unrealized Losses $ 1,806 $ 3,320
Available for sale securities, Total: Number of Securities | security 22 18
Available for sale securities, Total: Fair Value $ 40,017 $ 32,430
Available for sale securities, Total: Unrealized Losses $ 1,870 $ 3,320
Schedule of Held-to-Maturity Securities [Line Items]    
Held-to-maturity securities, Less than 12 Months: Number of Securities | security 3 4
Held-to-maturity securities, Less than 12 Months: Fair Value $ 3,368 $ 10,500
Held-to-maturity securities, Less than 12 Months: Unrealized Losses $ 128 $ 0
Held-to-maturity securities, 12 Months or More: Number of Securities | security 9 11
Held-to-maturity securities, 12 Months or More: Fair Value $ 10,835 $ 13,633
Held-to-maturity securities, 12 Months or More: Unrealized Losses $ 1,115 $ 1,318
Held-to-maturity securities, Total: Number of Securities | security 12 15
Held-to-maturity securities, Total: Fair Value $ 14,203 $ 24,133
Held-to-maturity securities, Total: Unrealized Losses $ 1,243 $ 1,318
v3.25.4
Investment Securities - Schedule of Investments Classified by Contractual Maturity Date (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Amortized Cost    
Due in 1 year or less $ 3,000  
Due after 1 year but within 5 years 23,742  
Due after 5 years but within 10 years 37,817  
Due after 10 years 844  
Available-for-sale securities, amortized cost basis, Total 65,403  
Amortized Cost 426,512 $ 284,770
Fair Value    
Due in 1 year or less 2,945  
Due after 1 year but within 5 years 23,499  
Due after 5 years but within 10 years 35,797  
Due after 10 years 676  
Available-for-sale securities, fair value, Total 62,917  
Fair Value 416,314 260,477
Amortized Cost    
Due in 1 year or less 31,445  
Due after 1 year but within 5 years 140,793  
Due after 5 years but within 10 years 131,708  
Due after 10 years 10,921  
Held-to-maturity securities, amortized cost, Total 314,867  
Amortized Cost 347,285 382,447
Held-to-maturity    
Due in 1 year or less 31,080  
Due after 1 year but within 5 years 133,953  
Due after 5 years but within 10 years 118,463  
Due after 10 years 9,531  
Held-to-maturity securities, fair value, Total 293,027  
Fair Value 321,702 $ 340,648
Mortgage-backed securities    
Amortized Cost    
Mortgage-backed securities 361,109  
Fair Value    
Mortgage-backed securities 353,397  
Amortized Cost    
Mortgage-backed securities 32,418  
Held-to-maturity    
Mortgage-backed securities $ 28,675  
v3.25.4
Loans and Allowance for Credit Losses - Loans - Schedule of Financing Receivable Credit Quality Indicators (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Financing Receivable, Recorded Investment [Line Items]    
Loans, net of unearned income $ 4,862,838 $ 4,443,070
Commercial real estate    
Financing Receivable, Recorded Investment [Line Items]    
Loans, net of unearned income 2,729,987 2,512,626
Commercial real estate | CRE Nonowner Occupied    
Financing Receivable, Recorded Investment [Line Items]    
Loans, net of unearned income 1,364,040 1,251,010
Commercial real estate | CRE Owner Occupied    
Financing Receivable, Recorded Investment [Line Items]    
Loans, net of unearned income 718,864 624,007
Commercial real estate | Multifamily    
Financing Receivable, Recorded Investment [Line Items]    
Loans, net of unearned income 419,267 412,900
Commercial real estate | Farmland    
Financing Receivable, Recorded Investment [Line Items]    
Loans, net of unearned income 227,816 224,709
Commercial and industrial    
Financing Receivable, Recorded Investment [Line Items]    
Loans, net of unearned income 720,031 705,392
Construction    
Financing Receivable, Recorded Investment [Line Items]    
Loans, net of unearned income 395,689 425,570
Construction | Residential Construction    
Financing Receivable, Recorded Investment [Line Items]    
Loans, net of unearned income 85,299 99,399
Construction | Other Construction    
Financing Receivable, Recorded Investment [Line Items]    
Loans, net of unearned income 310,390 326,171
Residential mortgage    
Financing Receivable, Recorded Investment [Line Items]    
Loans, net of unearned income 1,006,502 790,620
Residential mortgage | 1-4 Family 1st Lien    
Financing Receivable, Recorded Investment [Line Items]    
Loans, net of unearned income 417,421 313,592
Residential mortgage | 1-4 Family Rental    
Financing Receivable, Recorded Investment [Line Items]    
Loans, net of unearned income 410,965 336,636
Residential mortgage | HELOC and Junior Liens    
Financing Receivable, Recorded Investment [Line Items]    
Loans, net of unearned income 178,116 140,392
Consumer    
Financing Receivable, Recorded Investment [Line Items]    
Loans, net of unearned income $ 10,629 $ 8,862
v3.25.4
Loans and Allowance for Credit Losses - Loans - Narrative (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Financing Receivable, Allowance for Credit Losses [Line Items]    
Deferred fees and costs $ 2,800 $ 3,800
Accrued interest $ 25,700  
Financing Receivable, Accrued Interest, after Allowance for Credit Loss, Statement of Financial Position [Extensible Enumeration] Other assets  
Loans to certain executive officers, directors, and their related interests $ 11,500 13,800
Loans to certain executive officers, directors, and their related interests, new loans and advances 705  
Loans to certain executive officers, directors, and their related interests, repayments 2,300  
Loans greater than 90 days past due and still accruing 0 0
Nonaccrual, interest income 1,900 584
Foreclosure proceedings in process 567 861
Loans, net of unearned income 4,862,838 4,443,070
Total loans $ 0 563
Weighted average term increase from modification (in years) 2 years  
Mortgage-backed securities    
Financing Receivable, Allowance for Credit Losses [Line Items]    
Loans, net of unearned income $ 23,000 $ 23,000
v3.25.4
Loans and Allowance for Credit Losses - Loans - Schedule of Loan Portfolio Summarized by the Past Due Status (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income $ 4,862,838 $ 4,443,070
Loans Receivable > 90 Days and Accruing 0 0
Total Past Due    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 33,556 23,078
30-59 Days Past Due    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 12,755 5,549
60-89 Days Past Due    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 4,560 2,005
Greater than 90 Days    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 16,241 15,524
Current    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 4,829,282 4,419,992
Commercial real estate    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 2,729,987 2,512,626
Loans Receivable > 90 Days and Accruing 0 0
Commercial real estate | CRE Nonowner Occupied    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 1,364,040 1,251,010
Commercial real estate | CRE Owner Occupied    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 718,864 624,007
Commercial real estate | Multifamily    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 419,267 412,900
Commercial real estate | Farmland    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 227,816 224,709
Commercial real estate | Total Past Due    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 10,226 14,990
Commercial real estate | Total Past Due | CRE Nonowner Occupied    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 5,422 14,454
Commercial real estate | Total Past Due | CRE Owner Occupied    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 2,981 352
Commercial real estate | Total Past Due | Multifamily    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 196 0
Commercial real estate | Total Past Due | Farmland    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 1,627 184
Commercial real estate | 30-59 Days Past Due    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 2,300 1,504
Commercial real estate | 30-59 Days Past Due | CRE Nonowner Occupied    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 278 1,281
Commercial real estate | 30-59 Days Past Due | CRE Owner Occupied    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 2,022 39
Commercial real estate | 30-59 Days Past Due | Multifamily    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 0 0
Commercial real estate | 30-59 Days Past Due | Farmland    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 0 184
Commercial real estate | 60-89 Days Past Due    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 1,835 1,566
Commercial real estate | 60-89 Days Past Due | CRE Nonowner Occupied    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 0 1,515
Commercial real estate | 60-89 Days Past Due | CRE Owner Occupied    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 58 51
Commercial real estate | 60-89 Days Past Due | Multifamily    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 196 0
Commercial real estate | 60-89 Days Past Due | Farmland    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 1,581 0
Commercial real estate | Greater than 90 Days    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 6,091 11,920
Commercial real estate | Greater than 90 Days | CRE Nonowner Occupied    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 5,144 11,658
Commercial real estate | Greater than 90 Days | CRE Owner Occupied    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 901 262
Commercial real estate | Greater than 90 Days | Multifamily    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 0 0
Commercial real estate | Greater than 90 Days | Farmland    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 46 0
Commercial real estate | Current    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 2,719,761 2,497,636
Commercial real estate | Current | CRE Nonowner Occupied    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 1,358,618 1,236,556
Commercial real estate | Current | CRE Owner Occupied    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 715,883 623,655
Commercial real estate | Current | Multifamily    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 419,071 412,900
Commercial real estate | Current | Farmland    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 226,189 224,525
Commercial and industrial    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 720,031 705,392
Loans Receivable > 90 Days and Accruing 0 0
Commercial and industrial | Total Past Due    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 11,550 871
Commercial and industrial | 30-59 Days Past Due    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 3,740 74
Commercial and industrial | 60-89 Days Past Due    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 1,006 3
Commercial and industrial | Greater than 90 Days    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 6,804 794
Commercial and industrial | Current    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 708,481 704,521
Construction    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 395,689 425,570
Loans Receivable > 90 Days and Accruing 0 0
Construction | Residential Construction    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 85,299 99,399
Construction | Other Construction    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 310,390 326,171
Construction | Total Past Due    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 230 0
Construction | Total Past Due | Residential Construction    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 0 0
Construction | Total Past Due | Other Construction    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 230 0
Construction | 30-59 Days Past Due    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 230 0
Construction | 30-59 Days Past Due | Residential Construction    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 0 0
Construction | 30-59 Days Past Due | Other Construction    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 230 0
Construction | 60-89 Days Past Due    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 0 0
Construction | 60-89 Days Past Due | Residential Construction    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 0 0
Construction | 60-89 Days Past Due | Other Construction    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 0 0
Construction | Greater than 90 Days    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 0 0
Construction | Greater than 90 Days | Residential Construction    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 0 0
Construction | Greater than 90 Days | Other Construction    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 0 0
Construction | Current    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 395,459 425,570
Construction | Current | Residential Construction    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 85,299 99,399
Construction | Current | Other Construction    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 310,160 326,171
Residential mortgage    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 1,006,502 790,620
Loans Receivable > 90 Days and Accruing 0 0
Residential mortgage | 1-4 Family 1st Lien    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 417,421 313,592
Residential mortgage | 1-4 Family Rental    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 410,965 336,636
Loans Receivable > 90 Days and Accruing 0  
Residential mortgage | HELOC and Junior Liens    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 178,116 140,392
Residential mortgage | Total Past Due    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 11,529 7,197
Residential mortgage | Total Past Due | 1-4 Family 1st Lien    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 4,841 3,589
Residential mortgage | Total Past Due | 1-4 Family Rental    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 2,913 518
Residential mortgage | Total Past Due | HELOC and Junior Liens    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 3,775 3,090
Residential mortgage | 30-59 Days Past Due    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 6,478 3,951
Residential mortgage | 30-59 Days Past Due | 1-4 Family 1st Lien    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 4,192 2,853
Residential mortgage | 30-59 Days Past Due | 1-4 Family Rental    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 812 374
Residential mortgage | 30-59 Days Past Due | HELOC and Junior Liens    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 1,474 724
Residential mortgage | 60-89 Days Past Due    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 1,705 436
Residential mortgage | 60-89 Days Past Due | 1-4 Family 1st Lien    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 165 220
Residential mortgage | 60-89 Days Past Due | 1-4 Family Rental    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 1,054 7
Residential mortgage | 60-89 Days Past Due | HELOC and Junior Liens    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 486 209
Residential mortgage | Greater than 90 Days    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 3,346 2,810
Residential mortgage | Greater than 90 Days | 1-4 Family 1st Lien    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 484 516
Residential mortgage | Greater than 90 Days | 1-4 Family Rental    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 1,047 137
Residential mortgage | Greater than 90 Days | HELOC and Junior Liens    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 1,815 2,157
Residential mortgage | Current    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 994,973 783,423
Residential mortgage | Current | 1-4 Family 1st Lien    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 412,580 310,003
Residential mortgage | Current | 1-4 Family Rental    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 408,052 336,118
Residential mortgage | Current | HELOC and Junior Liens    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 174,341 137,302
Consumer    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 10,629 8,862
Loans Receivable > 90 Days and Accruing 0 0
Consumer | Total Past Due    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 21 20
Consumer | 30-59 Days Past Due    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 7 20
Consumer | 60-89 Days Past Due    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 14 0
Consumer | Greater than 90 Days    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 0 0
Consumer | Current    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income $ 10,608 $ 8,842
v3.25.4
Loans and Allowance for Credit Losses - Loans - Schedule of Non-accrual Loans by Classes of the Loan Portfolio Including Loans Acquired With Credit Deterioration (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Financing receivable, with allowance $ 14,071 $ 3,380
Financing receivable, no allowance 8,880 19,230
Financing receivable, recorded investment, nonaccrual status 22,951 22,610
Commercial real estate    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Financing receivable, with allowance 3,382 2,622
Financing receivable, no allowance 4,491 11,853
Financing receivable, recorded investment, nonaccrual status 7,873 14,475
Commercial real estate | CRE Nonowner Occupied    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Financing receivable, with allowance 2,873 2,622
Financing receivable, no allowance 2,271 11,153
Financing receivable, recorded investment, nonaccrual status 5,144 13,775
Commercial real estate | CRE Owner Occupied    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Financing receivable, with allowance 509 0
Financing receivable, no allowance 2,043 546
Financing receivable, recorded investment, nonaccrual status 2,552 546
Commercial real estate | Multifamily    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Financing receivable, with allowance 0 0
Financing receivable, no allowance 131 154
Financing receivable, recorded investment, nonaccrual status 131 154
Commercial real estate | Farmland    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Financing receivable, with allowance 0 0
Financing receivable, no allowance 46 0
Financing receivable, recorded investment, nonaccrual status 46 0
Commercial and industrial    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Financing receivable, with allowance 10,519 758
Financing receivable, no allowance 398 3,894
Financing receivable, recorded investment, nonaccrual status 10,917 4,652
Residential mortgage    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Financing receivable, with allowance 170 0
Financing receivable, no allowance 3,977 3,483
Financing receivable, recorded investment, nonaccrual status 4,147 3,483
Residential mortgage | 1-4 Family 1st Lien    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Financing receivable, with allowance 24 0
Financing receivable, no allowance 1,188 1,028
Financing receivable, recorded investment, nonaccrual status 1,212 1,028
Residential mortgage | 1-4 Family Rental    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Financing receivable, with allowance 146 0
Financing receivable, no allowance 949 176
Financing receivable, recorded investment, nonaccrual status 1,095 176
Residential mortgage | HELOC and Junior Liens    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Financing receivable, with allowance 0 0
Financing receivable, no allowance 1,840 2,279
Financing receivable, recorded investment, nonaccrual status 1,840 2,279
Consumer    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Financing receivable, with allowance 0 0
Financing receivable, no allowance 14 0
Financing receivable, recorded investment, nonaccrual status $ 14 $ 0
v3.25.4
Loans and Allowance for Credit Losses - Loans - Schedule of Risk Ratings by Portfolio Type (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Financing Receivable, Recorded Investment [Line Items]    
Year one $ 651,488 $ 452,501
Year two 447,833 741,401
Year three 681,195 974,898
Year four 941,099 529,580
Year five 483,942 392,001
Prior 1,198,420 949,299
Revolving Loans Amortized Cost Basis 458,861 403,390
Loans, net of unearned income 4,862,838 4,443,070
Gross charge-offs    
Total (1,823) (901)
Current period recoveries    
Total 459 84
Performing    
Financing Receivable, Recorded Investment [Line Items]    
Year one 117,432 66,625
Year two 57,096 128,347
Year three 124,031 144,750
Year four 157,616 99,379
Year five 103,327 80,238
Prior 325,258 179,902
Revolving Loans Amortized Cost Basis 121,587 95,633
Loans, net of unearned income 1,006,347 794,874
Nonperforming    
Financing Receivable, Recorded Investment [Line Items]    
Year one 0 0
Year two 1,151 168
Year three 514 0
Year four 200 0
Year five 1,572 806
Prior 6,346 2,633
Revolving Loans Amortized Cost Basis 1,001 1,001
Loans, net of unearned income 10,784 4,608
Pass    
Financing Receivable, Recorded Investment [Line Items]    
Year one 534,056 385,876
Year two 389,290 610,959
Year three 536,002 823,394
Year four 779,232 428,857
Year five 375,146 306,508
Prior 848,781 734,660
Revolving Loans Amortized Cost Basis 330,752 299,622
Loans, net of unearned income 3,793,259 3,589,876
Special mention    
Financing Receivable, Recorded Investment [Line Items]    
Year one 0 0
Year two 0 412
Year three 3,048 5,494
Year four 1,663 258
Year five 172 0
Prior 4,566 10,989
Revolving Loans Amortized Cost Basis 0 4,688
Loans, net of unearned income 9,449 21,841
Substandard or lower    
Financing Receivable, Recorded Investment [Line Items]    
Year one 0 0
Year two 296 1,515
Year three 17,600 1,260
Year four 2,388 1,086
Year five 3,725 4,449
Prior 13,469 21,115
Revolving Loans Amortized Cost Basis 5,521 2,446
Loans, net of unearned income 42,999 31,871
Commercial real estate    
Financing Receivable, Recorded Investment [Line Items]    
Loans, net of unearned income 2,729,987 2,512,626
Commercial real estate | CRE Nonowner Occupied    
Financing Receivable, Recorded Investment [Line Items]    
Year one 156,421 85,501
Year two 98,728 177,533
Year three 192,111 344,332
Year four 358,610 152,157
Year five 156,310 133,931
Prior 385,751 345,824
Revolving Loans Amortized Cost Basis 16,109 11,732
Loans, net of unearned income 1,364,040 1,251,010
Gross charge-offs    
Year one 0  
Year two 0  
Year three 0  
Year four (691)  
Year five 0  
Prior (394)  
Revolving Loans Amortized Cost Basis 0  
Total (1,085) 0
Current period recoveries    
Year one 0 0
Year two 0 0
Year three 0 0
Year four 301 0
Year five 0 0
Prior 4 2
Revolving Loans Amortized Cost Basis 0 0
Total 305 2
Net charge-offs    
Year one 0 0
Year two 0 0
Year three 0 0
Year four (390) 0
Year five 0 0
Prior (390) 2
Revolving Loans Amortized Cost Basis 0 0
Total (780) 2
Commercial real estate | CRE Owner Occupied    
Financing Receivable, Recorded Investment [Line Items]    
Year one 119,632 52,922
Year two 66,159 99,287
Year three 98,341 111,867
Year four 109,154 66,581
Year five 64,827 77,774
Prior 244,381 203,946
Revolving Loans Amortized Cost Basis 16,370 11,630
Loans, net of unearned income 718,864 624,007
Gross charge-offs    
Year one 0  
Year two (346)  
Year three 0  
Year four 0  
Year five 0  
Prior 0  
Revolving Loans Amortized Cost Basis 0  
Total (346) 0
Current period recoveries    
Year one   0
Year two   0
Year three   0
Year four   0
Year five   0
Prior   4
Revolving Loans Amortized Cost Basis   0
Total 0 4
Net charge-offs    
Year one 0 0
Year two (346) 0
Year three 0 0
Year four 0 0
Year five 0 0
Prior 0 4
Revolving Loans Amortized Cost Basis 0 0
Total (346) 4
Commercial real estate | Multifamily    
Financing Receivable, Recorded Investment [Line Items]    
Year one 37,788 4,843
Year two 4,816 66,119
Year three 62,305 118,568
Year four 156,236 101,871
Year five 68,254 40,450
Prior 86,597 78,278
Revolving Loans Amortized Cost Basis 3,271 2,771
Loans, net of unearned income 419,267 412,900
Gross charge-offs    
Total 0 0
Current period recoveries    
Total 0 0
Commercial real estate | Farmland    
Financing Receivable, Recorded Investment [Line Items]    
Year one 29,858 27,449
Year two 23,228 31,387
Year three 25,098 56,178
Year four 51,055 42,693
Year five 38,950 25,119
Prior 44,372 26,892
Revolving Loans Amortized Cost Basis 15,255 14,991
Loans, net of unearned income 227,816 224,709
Gross charge-offs    
Total 0 0
Current period recoveries    
Total 0 0
Commercial real estate | Pass | CRE Nonowner Occupied    
Financing Receivable, Recorded Investment [Line Items]    
Year one 156,421 85,501
Year two 98,728 176,018
Year three 188,873 343,072
Year four 358,610 152,157
Year five 156,310 130,650
Prior 375,646 325,478
Revolving Loans Amortized Cost Basis 16,109 11,732
Loans, net of unearned income 1,350,697 1,224,608
Commercial real estate | Pass | CRE Owner Occupied    
Financing Receivable, Recorded Investment [Line Items]    
Year one 119,632 52,922
Year two 65,978 99,065
Year three 97,419 106,876
Year four 105,690 66,160
Year five 64,478 77,774
Prior 239,464 199,725
Revolving Loans Amortized Cost Basis 16,370 11,630
Loans, net of unearned income 709,031 614,152
Commercial real estate | Pass | Multifamily    
Financing Receivable, Recorded Investment [Line Items]    
Year one 37,788 4,843
Year two 4,816 66,119
Year three 62,305 118,568
Year four 156,236 101,871
Year five 68,254 40,450
Prior 86,424 78,070
Revolving Loans Amortized Cost Basis 3,271 2,771
Loans, net of unearned income 419,094 412,692
Commercial real estate | Pass | Farmland    
Financing Receivable, Recorded Investment [Line Items]    
Year one 29,858 27,449
Year two 23,228 31,259
Year three 24,273 56,178
Year four 51,055 42,693
Year five 36,651 25,119
Prior 44,326 24,729
Revolving Loans Amortized Cost Basis 15,255 14,801
Loans, net of unearned income 224,646 222,228
Commercial real estate | Special mention | CRE Nonowner Occupied    
Financing Receivable, Recorded Investment [Line Items]    
Year one 0 0
Year two 0 0
Year three 1,698 0
Year four 0 0
Year five 0 0
Prior 90 3,105
Revolving Loans Amortized Cost Basis 0 0
Loans, net of unearned income 1,788 3,105
Commercial real estate | Special mention | CRE Owner Occupied    
Financing Receivable, Recorded Investment [Line Items]    
Year one 0 0
Year two 0 222
Year three 922 4,991
Year four 1,576 227
Year five 172 0
Prior 2,939 2,133
Revolving Loans Amortized Cost Basis 0 0
Loans, net of unearned income 5,609 7,573
Commercial real estate | Special mention | Multifamily    
Financing Receivable, Recorded Investment [Line Items]    
Year one 0 0
Year two 0 0
Year three 0 0
Year four 0 0
Year five 0 0
Prior 42 54
Revolving Loans Amortized Cost Basis 0 0
Loans, net of unearned income 42 54
Commercial real estate | Special mention | Farmland    
Financing Receivable, Recorded Investment [Line Items]    
Year one 0 0
Year two 0 128
Year three 428 0
Year four 0 0
Year five 0 0
Prior 0 2,163
Revolving Loans Amortized Cost Basis 0 190
Loans, net of unearned income 428 2,481
Commercial real estate | Substandard or lower | CRE Nonowner Occupied    
Financing Receivable, Recorded Investment [Line Items]    
Year one 0 0
Year two 0 1,515
Year three 1,540 1,260
Year four 0 0
Year five 0 3,281
Prior 10,015 17,241
Revolving Loans Amortized Cost Basis 0 0
Loans, net of unearned income 11,555 23,297
Commercial real estate | Substandard or lower | CRE Owner Occupied    
Financing Receivable, Recorded Investment [Line Items]    
Year one 0 0
Year two 181 0
Year three 0 0
Year four 1,888 194
Year five 177 0
Prior 1,978 2,088
Revolving Loans Amortized Cost Basis 0 0
Loans, net of unearned income 4,224 2,282
Commercial real estate | Substandard or lower | Multifamily    
Financing Receivable, Recorded Investment [Line Items]    
Year one 0 0
Year two 0 0
Year three 0 0
Year four 0 0
Year five 0 0
Prior 131 154
Revolving Loans Amortized Cost Basis 0 0
Loans, net of unearned income 131 154
Commercial real estate | Substandard or lower | Farmland    
Financing Receivable, Recorded Investment [Line Items]    
Year one 0  
Year two 0  
Year three 397  
Year four 0  
Year five 2,299  
Prior 46  
Revolving Loans Amortized Cost Basis 0  
Loans, net of unearned income 2,742  
Commercial and industrial    
Financing Receivable, Recorded Investment [Line Items]    
Year one 96,562 114,175
Year two 89,656 106,719
Year three 86,436 79,205
Year four 65,119 55,235
Year five 42,912 22,700
Prior 93,328 97,889
Revolving Loans Amortized Cost Basis 246,018 229,469
Loans, net of unearned income 720,031 705,392
Gross charge-offs    
Year one 0 0
Year two 0 (201)
Year three 0 0
Year four 0 0
Year five 0 (206)
Prior (294) (412)
Revolving Loans Amortized Cost Basis 0 0
Total (294) (819)
Current period recoveries    
Year one 0 0
Year two 0 0
Year three 1 0
Year four 0 0
Year five 0 0
Prior 8 1
Revolving Loans Amortized Cost Basis 0 0
Total 9 1
Net charge-offs    
Year one 0 0
Year two 0 (201)
Year three 1 0
Year four 0 0
Year five 0 (206)
Prior (286) (411)
Revolving Loans Amortized Cost Basis 0 0
Total (285) (818)
Commercial and industrial | Pass    
Financing Receivable, Recorded Investment [Line Items]    
Year one 96,562 114,175
Year two 89,541 106,657
Year three 70,773 78,702
Year four 64,532 54,312
Year five 41,663 21,532
Prior 90,534 92,723
Revolving Loans Amortized Cost Basis 240,497 222,525
Loans, net of unearned income 694,102 690,626
Commercial and industrial | Special mention    
Financing Receivable, Recorded Investment [Line Items]    
Year one 0 0
Year two 0 62
Year three 0 503
Year four 87 31
Year five 0 0
Prior 1,495 3,534
Revolving Loans Amortized Cost Basis 0 4,498
Loans, net of unearned income 1,582 8,628
Commercial and industrial | Substandard or lower    
Financing Receivable, Recorded Investment [Line Items]    
Year one 0 0
Year two 115 0
Year three 15,663 0
Year four 500 892
Year five 1,249 1,168
Prior 1,299 1,632
Revolving Loans Amortized Cost Basis 5,521 2,446
Loans, net of unearned income 24,347 6,138
Construction    
Financing Receivable, Recorded Investment [Line Items]    
Loans, net of unearned income 395,689 425,570
Construction | Residential Construction    
Financing Receivable, Recorded Investment [Line Items]    
Year one 29,399 34,275
Year two 27,382 37,222
Year three 17,469 15,559
Year four 351 0
Year five 0 0
Prior 0 2,007
Revolving Loans Amortized Cost Basis 10,698 10,336
Loans, net of unearned income 85,299 99,399
Gross charge-offs    
Total 0 0
Current period recoveries    
Total 0 0
Construction | Other Construction    
Financing Receivable, Recorded Investment [Line Items]    
Year one 64,396 66,711
Year two 79,617 94,619
Year three 74,890 104,439
Year four 42,758 11,664
Year five 7,790 10,983
Prior 12,387 11,928
Revolving Loans Amortized Cost Basis 28,552 25,827
Loans, net of unearned income 310,390 326,171
Gross charge-offs    
Total 0 0
Current period recoveries    
Total 0 0
Construction | Pass | Residential Construction    
Financing Receivable, Recorded Investment [Line Items]    
Year one 29,399 34,275
Year two 27,382 37,222
Year three 17,469 15,559
Year four 351 0
Year five 0 0
Prior 0 2,007
Revolving Loans Amortized Cost Basis 10,698 10,336
Loans, net of unearned income 85,299 99,399
Construction | Pass | Other Construction    
Financing Receivable, Recorded Investment [Line Items]    
Year one 64,396 66,711
Year two 79,617 94,619
Year three 74,890 104,439
Year four 42,758 11,664
Year five 7,790 10,983
Prior 12,387 11,928
Revolving Loans Amortized Cost Basis 28,552 25,827
Loans, net of unearned income 310,390 326,171
Residential mortgage    
Financing Receivable, Recorded Investment [Line Items]    
Loans, net of unearned income 1,006,502 790,620
Residential mortgage | 1-4 Family 1st Lien    
Financing Receivable, Recorded Investment [Line Items]    
Year one 57,120 27,580
Year two 28,810 59,762
Year three 60,020 45,946
Year four 49,100 34,743
Year five 38,466 42,938
Prior 182,416 99,708
Revolving Loans Amortized Cost Basis 1,489 2,915
Loans, net of unearned income 417,421 313,592
Gross charge-offs    
Year one   0
Year two   0
Year three   0
Year four   0
Year five   0
Prior   (7)
Revolving Loans Amortized Cost Basis   0
Total 0 (7)
Current period recoveries    
Year one 0 0
Year two 0 0
Year three 0 0
Year four 0 0
Year five 0 0
Prior 90 16
Revolving Loans Amortized Cost Basis 0 0
Total 90 16
Net charge-offs    
Year one 0 0
Year two 0 0
Year three 0 0
Year four 0 0
Year five 0 0
Prior 90 9
Revolving Loans Amortized Cost Basis 0 0
Total 90 9
Residential mortgage | 1-4 Family Rental    
Financing Receivable, Recorded Investment [Line Items]    
Year one 46,766 28,735
Year two 22,067 51,635
Year three 46,177 88,594
Year four 99,841 59,397
Year five 61,353 35,817
Prior 132,607 70,449
Revolving Loans Amortized Cost Basis 2,154 2,009
Loans, net of unearned income 410,965 336,636
Gross charge-offs    
Year one   0
Year two   0
Year three   0
Year four   0
Year five   0
Prior   (2)
Revolving Loans Amortized Cost Basis   0
Total 0 (2)
Current period recoveries    
Year one   0
Year two   0
Year three   0
Year four   0
Year five   0
Prior   22
Revolving Loans Amortized Cost Basis   0
Total 0 22
Net charge-offs    
Year one   0
Year two   0
Year three   0
Year four   0
Year five   0
Prior   20
Revolving Loans Amortized Cost Basis   0
Total   20
Residential mortgage | HELOC and Junior Liens    
Financing Receivable, Recorded Investment [Line Items]    
Year one 8,403 6,096
Year two 6,201 16,146
Year three 17,490 9,856
Year four 8,599 4,845
Year five 4,815 2,182
Prior 15,879 12,144
Revolving Loans Amortized Cost Basis 116,729 89,123
Loans, net of unearned income 178,116 140,392
Gross charge-offs    
Year one   0
Year two   0
Year three   (21)
Year four   0
Year five   0
Prior   0
Revolving Loans Amortized Cost Basis   0
Total 0 (21)
Current period recoveries    
Total 0 0
Net charge-offs    
Year one   0
Year two   0
Year three   (21)
Year four   0
Year five   0
Prior   0
Revolving Loans Amortized Cost Basis   0
Total   (21)
Residential mortgage | Performing | 1-4 Family 1st Lien    
Financing Receivable, Recorded Investment [Line Items]    
Year one 57,120 27,580
Year two 28,810 59,762
Year three 59,920 45,946
Year four 49,052 34,743
Year five 38,466 42,727
Prior 179,375 98,891
Revolving Loans Amortized Cost Basis 1,489 2,915
Loans, net of unearned income 414,232 312,564
Residential mortgage | Performing | 1-4 Family Rental    
Financing Receivable, Recorded Investment [Line Items]    
Year one 46,766 28,735
Year two 22,067 51,488
Year three 45,885 88,594
Year four 99,841 59,397
Year five 59,781 35,222
Prior 131,001 69,890
Revolving Loans Amortized Cost Basis 2,154 2,009
Loans, net of unearned income 407,495 335,335
Residential mortgage | Performing | HELOC and Junior Liens    
Financing Receivable, Recorded Investment [Line Items]    
Year one 8,403 6,096
Year two 5,050 16,125
Year three 17,397 9,856
Year four 8,447 4,845
Year five 4,815 2,182
Prior 14,180 10,887
Revolving Loans Amortized Cost Basis 115,728 88,122
Loans, net of unearned income 174,020 138,113
Residential mortgage | Nonperforming | 1-4 Family 1st Lien    
Financing Receivable, Recorded Investment [Line Items]    
Year one 0 0
Year two 0 0
Year three 100 0
Year four 48 0
Year five 0 211
Prior 3,041 817
Revolving Loans Amortized Cost Basis 0 0
Loans, net of unearned income 3,189 1,028
Residential mortgage | Nonperforming | 1-4 Family Rental    
Financing Receivable, Recorded Investment [Line Items]    
Year one 0 0
Year two 0 147
Year three 292 0
Year four 0 0
Year five 1,572 595
Prior 1,606 559
Revolving Loans Amortized Cost Basis 0 0
Loans, net of unearned income 3,470 1,301
Residential mortgage | Nonperforming | HELOC and Junior Liens    
Financing Receivable, Recorded Investment [Line Items]    
Year one 0 0
Year two 1,151 21
Year three 93 0
Year four 152 0
Year five 0 0
Prior 1,699 1,257
Revolving Loans Amortized Cost Basis 1,001 1,001
Loans, net of unearned income 4,096 2,279
Consumer    
Financing Receivable, Recorded Investment [Line Items]    
Year one 5,143 4,214
Year two 1,169 972
Year three 858 354
Year four 276 394
Year five 265 107
Prior 702 234
Revolving Loans Amortized Cost Basis 2,216 2,587
Loans, net of unearned income 10,629 8,862
Gross charge-offs    
Year one 0 0
Year two 0 0
Year three 0 (2)
Year four 0 0
Year five 0 0
Prior (98) (50)
Revolving Loans Amortized Cost Basis 0 0
Total (98) (52)
Current period recoveries    
Year one 0 0
Year two 0 0
Year three 0 1
Year four 0 0
Year five 0 0
Prior 55 38
Revolving Loans Amortized Cost Basis 0 0
Total 55 39
Net charge-offs    
Year one 0 0
Year two 0 0
Year three 0 (1)
Year four 0 0
Year five 0 0
Prior (43) (12)
Revolving Loans Amortized Cost Basis 0 0
Total (43) (13)
Consumer | Performing    
Financing Receivable, Recorded Investment [Line Items]    
Year one 5,143 4,214
Year two 1,169 972
Year three 829 354
Year four 276 394
Year five 265 107
Prior 702 234
Revolving Loans Amortized Cost Basis 2,216 2,587
Loans, net of unearned income 10,600 $ 8,862
Consumer | Nonperforming    
Financing Receivable, Recorded Investment [Line Items]    
Year one 0  
Year two 0  
Year three 29  
Year four 0  
Year five 0  
Prior 0  
Revolving Loans Amortized Cost Basis 0  
Loans, net of unearned income $ 29  
v3.25.4
Loans and Allowance for Credit Losses - Loans - Schedule of Allowance For Loan Losses And Recorded Investment In Financing Receivables (Details) - USD ($)
$ in Thousands
 12 Months Ended
Apr. 30, 2025
Dec. 31, 2025
Dec. 31, 2024
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]      
Allowance for loan losses, beginning balance   $ 35,514 $ 34,187
PCD Loans   343  
Charge-offs   (1,823) (901)
Recoveries   459 84
Net Loans (Charged off) Recovered   (1,364) (817)
Provision/(Benefit) for Credit Losses   1,598 2,144
Allowance for loan losses, ending balance   36,091 35,514
William Penn Acquisition      
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]      
Provision expense $ 2,300    
Commercial real estate | CRE Nonowner Occupied      
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]      
Allowance for loan losses, beginning balance   11,047 10,267
PCD Loans   89  
Charge-offs   (1,085) 0
Recoveries   305 2
Net Loans (Charged off) Recovered   (780) 2
Provision/(Benefit) for Credit Losses   (439) 778
Allowance for loan losses, ending balance   9,917 11,047
Commercial real estate | CRE Owner Occupied      
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]      
Allowance for loan losses, beginning balance   5,243 5,646
PCD Loans   100  
Charge-offs   (346) 0
Recoveries   0 4
Net Loans (Charged off) Recovered   (346) 4
Provision/(Benefit) for Credit Losses   1,098 (407)
Allowance for loan losses, ending balance   6,095 5,243
Commercial real estate | Multifamily      
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]      
Allowance for loan losses, beginning balance   3,432 2,202
PCD Loans   31  
Charge-offs   0 0
Recoveries   0 0
Net Loans (Charged off) Recovered   0 0
Provision/(Benefit) for Credit Losses   (2,020) 1,230
Allowance for loan losses, ending balance   1,443 3,432
Commercial real estate | Farmland      
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]      
Allowance for loan losses, beginning balance   1,932 2,064
PCD Loans   0  
Charge-offs   0 0
Recoveries   0 0
Net Loans (Charged off) Recovered   0 0
Provision/(Benefit) for Credit Losses   186 (132)
Allowance for loan losses, ending balance   2,118 1,932
Commercial and industrial      
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]      
Allowance for loan losses, beginning balance   7,122 7,131
PCD Loans   36  
Charge-offs   (294) (819)
Recoveries   9 1
Net Loans (Charged off) Recovered   (285) (818)
Provision/(Benefit) for Credit Losses   2,386 809
Allowance for loan losses, ending balance   9,259 7,122
Construction | Residential Construction      
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]      
Allowance for loan losses, beginning balance   931 1,256
PCD Loans   0  
Charge-offs   0 0
Recoveries   0 0
Net Loans (Charged off) Recovered   0 0
Provision/(Benefit) for Credit Losses   (454) (325)
Allowance for loan losses, ending balance   477 931
Construction | Other Construction      
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]      
Allowance for loan losses, beginning balance   2,131 2,146
PCD Loans   0  
Charge-offs   0 0
Recoveries   0 0
Net Loans (Charged off) Recovered   0 0
Provision/(Benefit) for Credit Losses   (667) (15)
Allowance for loan losses, ending balance   1,464 2,131
Residential mortgage | 1-4 Family 1st Lien      
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]      
Allowance for loan losses, beginning balance   1,503 1,207
PCD Loans   37  
Charge-offs   0 (7)
Recoveries   90 16
Net Loans (Charged off) Recovered   90 9
Provision/(Benefit) for Credit Losses   804 287
Allowance for loan losses, ending balance   2,434 1,503
Residential mortgage | 1-4 Family Rental      
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]      
Allowance for loan losses, beginning balance   1,756 1,859
PCD Loans   47  
Charge-offs   0 (2)
Recoveries   0 22
Net Loans (Charged off) Recovered   0 20
Provision/(Benefit) for Credit Losses   492 (123)
Allowance for loan losses, ending balance   2,295 1,756
Residential mortgage | HELOC and Junior Liens      
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]      
Allowance for loan losses, beginning balance   392 389
PCD Loans   3  
Charge-offs   0 (21)
Recoveries   0 0
Net Loans (Charged off) Recovered   0 (21)
Provision/(Benefit) for Credit Losses   164 24
Allowance for loan losses, ending balance   559 392
Consumer      
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]      
Allowance for loan losses, beginning balance   25 20
PCD Loans   0  
Charge-offs   (98) (52)
Recoveries   55 39
Net Loans (Charged off) Recovered   (43) (13)
Provision/(Benefit) for Credit Losses   48 18
Allowance for loan losses, ending balance   $ 30 $ 25
v3.25.4
Loans and Allowance for Credit Losses - Loans - Schedule of ACL for Loans and Amortized Cost Basis (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Financing Receivable, Allowance for Credit Losses [Line Items]      
Allowance for loan losses: ending balance, collectively evaluated for impairment $ 34,043 $ 34,075  
Allowance for loan losses: ending balance, individually evaluated for impairment 2,048 1,439  
Allowance for loan losses 36,091 35,514 $ 34,187
Loans receivable: ending balance, collectively evaluated for impairment 4,839,887 4,420,460  
Loans receivable: ending balance, individually evaluated for impairment 22,951 22,610  
Loans, net of unearned income 4,862,838 4,443,070  
Commercial real estate      
Financing Receivable, Allowance for Credit Losses [Line Items]      
Loans, net of unearned income 2,729,987 2,512,626  
Commercial real estate | CRE Nonowner Occupied      
Financing Receivable, Allowance for Credit Losses [Line Items]      
Allowance for loan losses: ending balance, collectively evaluated for impairment 9,374 9,945  
Allowance for loan losses: ending balance, individually evaluated for impairment 543 1,102  
Allowance for loan losses 9,917 11,047 10,267
Loans receivable: ending balance, collectively evaluated for impairment 1,358,896 1,237,235  
Loans receivable: ending balance, individually evaluated for impairment 5,144 13,775  
Loans, net of unearned income 1,364,040 1,251,010  
Commercial real estate | CRE Owner Occupied      
Financing Receivable, Allowance for Credit Losses [Line Items]      
Allowance for loan losses: ending balance, collectively evaluated for impairment 6,020 5,243  
Allowance for loan losses: ending balance, individually evaluated for impairment 75 0  
Allowance for loan losses 6,095 5,243 5,646
Loans receivable: ending balance, collectively evaluated for impairment 716,312 623,461  
Loans receivable: ending balance, individually evaluated for impairment 2,552 546  
Loans, net of unearned income 718,864 624,007  
Commercial real estate | Multifamily      
Financing Receivable, Allowance for Credit Losses [Line Items]      
Allowance for loan losses: ending balance, collectively evaluated for impairment 1,443 3,432  
Allowance for loan losses: ending balance, individually evaluated for impairment 0 0  
Allowance for loan losses 1,443 3,432 2,202
Loans receivable: ending balance, collectively evaluated for impairment 419,136 412,746  
Loans receivable: ending balance, individually evaluated for impairment 131 154  
Loans, net of unearned income 419,267 412,900  
Commercial real estate | Farmland      
Financing Receivable, Allowance for Credit Losses [Line Items]      
Allowance for loan losses: ending balance, collectively evaluated for impairment 2,118 1,932  
Allowance for loan losses: ending balance, individually evaluated for impairment 0 0  
Allowance for loan losses 2,118 1,932 2,064
Loans receivable: ending balance, collectively evaluated for impairment 227,770 224,709  
Loans receivable: ending balance, individually evaluated for impairment 46 0  
Loans, net of unearned income 227,816 224,709  
Commercial Portfolio | Commercial and industrial      
Financing Receivable, Allowance for Credit Losses [Line Items]      
Allowance for loan losses: ending balance, collectively evaluated for impairment 7,835 6,785  
Allowance for loan losses: ending balance, individually evaluated for impairment 1,424 337  
Allowance for loan losses 9,259 7,122  
Loans receivable: ending balance, collectively evaluated for impairment 709,114 700,740  
Loans receivable: ending balance, individually evaluated for impairment 10,917 4,652  
Loans, net of unearned income 720,031 705,392  
Construction      
Financing Receivable, Allowance for Credit Losses [Line Items]      
Loans, net of unearned income 395,689 425,570  
Construction | Residential Construction      
Financing Receivable, Allowance for Credit Losses [Line Items]      
Allowance for loan losses: ending balance, collectively evaluated for impairment 477 931  
Allowance for loan losses: ending balance, individually evaluated for impairment 0 0  
Allowance for loan losses 477 931 1,256
Loans receivable: ending balance, collectively evaluated for impairment 85,299 99,399  
Loans receivable: ending balance, individually evaluated for impairment 0 0  
Loans, net of unearned income 85,299 99,399  
Construction | Other Construction      
Financing Receivable, Allowance for Credit Losses [Line Items]      
Allowance for loan losses: ending balance, collectively evaluated for impairment 1,464 2,131  
Allowance for loan losses: ending balance, individually evaluated for impairment 0 0  
Allowance for loan losses 1,464 2,131 2,146
Loans receivable: ending balance, collectively evaluated for impairment 310,390 326,171  
Loans receivable: ending balance, individually evaluated for impairment 0 0  
Loans, net of unearned income 310,390 326,171  
Residential mortgage      
Financing Receivable, Allowance for Credit Losses [Line Items]      
Loans, net of unearned income 1,006,502 790,620  
Residential mortgage | 1-4 Family 1st Lien      
Financing Receivable, Allowance for Credit Losses [Line Items]      
Allowance for loan losses: ending balance, collectively evaluated for impairment 2,434 1,503  
Allowance for loan losses: ending balance, individually evaluated for impairment 0 0  
Allowance for loan losses 2,434 1,503 1,207
Loans receivable: ending balance, collectively evaluated for impairment 416,209 312,564  
Loans receivable: ending balance, individually evaluated for impairment 1,212 1,028  
Loans, net of unearned income 417,421 313,592  
Residential mortgage | 1-4 Family Rental      
Financing Receivable, Allowance for Credit Losses [Line Items]      
Allowance for loan losses: ending balance, collectively evaluated for impairment 2,289 1,756  
Allowance for loan losses: ending balance, individually evaluated for impairment 6 0  
Allowance for loan losses 2,295 1,756 1,859
Loans receivable: ending balance, collectively evaluated for impairment 409,870 336,460  
Loans receivable: ending balance, individually evaluated for impairment 1,095 176  
Loans, net of unearned income 410,965 336,636  
Residential mortgage | HELOC and Junior Liens      
Financing Receivable, Allowance for Credit Losses [Line Items]      
Allowance for loan losses: ending balance, collectively evaluated for impairment 559 392  
Allowance for loan losses: ending balance, individually evaluated for impairment 0 0  
Allowance for loan losses 559 392 389
Loans receivable: ending balance, collectively evaluated for impairment 176,276 138,113  
Loans receivable: ending balance, individually evaluated for impairment 1,840 2,279  
Loans, net of unearned income 178,116 140,392  
Consumer      
Financing Receivable, Allowance for Credit Losses [Line Items]      
Allowance for loan losses 30 25 $ 20
Loans, net of unearned income 10,629 8,862  
Consumer | Consumer      
Financing Receivable, Allowance for Credit Losses [Line Items]      
Allowance for loan losses: ending balance, collectively evaluated for impairment 30 25  
Allowance for loan losses: ending balance, individually evaluated for impairment 0 0  
Allowance for loan losses 30 25  
Loans receivable: ending balance, collectively evaluated for impairment 10,615 8,862  
Loans receivable: ending balance, individually evaluated for impairment 14 0  
Loans, net of unearned income $ 10,629 $ 8,862  
v3.25.4
Loans and Allowance for Credit Losses - Loans - Schedule of Troubled Debt Restructurings (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Financing Receivable, Modifications [Line Items]    
Total loans $ 0 $ 563
Interest Only    
Financing Receivable, Modifications [Line Items]    
Total loans   0
Term Extension    
Financing Receivable, Modifications [Line Items]    
Total loans   184
Combination: Interest Only and Term Extension    
Financing Receivable, Modifications [Line Items]    
Total loans   379
Commercial and industrial    
Financing Receivable, Modifications [Line Items]    
Total loans   $ 287
% of Total Class of Financing Receivable   0.04%
Commercial and industrial | Interest Only    
Financing Receivable, Modifications [Line Items]    
Total loans   $ 0
Commercial and industrial | Term Extension    
Financing Receivable, Modifications [Line Items]    
Total loans   0
Commercial and industrial | Combination: Interest Only and Term Extension    
Financing Receivable, Modifications [Line Items]    
Total loans   287
Residential mortgage    
Financing Receivable, Modifications [Line Items]    
Total loans   $ 276
% of Total Class of Financing Receivable   0.03%
Residential mortgage | 1-4 Family Rental    
Financing Receivable, Modifications [Line Items]    
Total loans   $ 184
% of Total Class of Financing Receivable   0.05%
Residential mortgage | HELOC and Junior Liens    
Financing Receivable, Modifications [Line Items]    
Total loans   $ 92
% of Total Class of Financing Receivable   0.07%
Residential mortgage | Interest Only    
Financing Receivable, Modifications [Line Items]    
Total loans   $ 0
Residential mortgage | Interest Only | 1-4 Family Rental    
Financing Receivable, Modifications [Line Items]    
Total loans   0
Residential mortgage | Interest Only | HELOC and Junior Liens    
Financing Receivable, Modifications [Line Items]    
Total loans   0
Residential mortgage | Term Extension    
Financing Receivable, Modifications [Line Items]    
Total loans   184
Residential mortgage | Term Extension | 1-4 Family Rental    
Financing Receivable, Modifications [Line Items]    
Total loans   184
Residential mortgage | Term Extension | HELOC and Junior Liens    
Financing Receivable, Modifications [Line Items]    
Total loans   0
Residential mortgage | Combination: Interest Only and Term Extension    
Financing Receivable, Modifications [Line Items]    
Total loans   92
Residential mortgage | Combination: Interest Only and Term Extension | 1-4 Family Rental    
Financing Receivable, Modifications [Line Items]    
Total loans   0
Residential mortgage | Combination: Interest Only and Term Extension | HELOC and Junior Liens    
Financing Receivable, Modifications [Line Items]    
Total loans   $ 92
v3.25.4
Premises and Equipment - Schedule of Premises and Equipment (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Property, Plant and Equipment [Line Items]    
Total cost $ 72,576 $ 67,113
Less accumulated depreciation (23,834) (28,307)
Total premises and equipment 48,742 38,806
Land    
Property, Plant and Equipment [Line Items]    
Total cost 8,049 6,251
Buildings    
Property, Plant and Equipment [Line Items]    
Total cost 34,656 28,948
Furniture, fixtures, and equipment    
Property, Plant and Equipment [Line Items]    
Total cost 25,770 23,656
Leasehold improvements    
Property, Plant and Equipment [Line Items]    
Total cost 3,362 3,317
Capital expenditures in process    
Property, Plant and Equipment [Line Items]    
Total cost $ 739 $ 4,941
v3.25.4
Premises and Equipment - Narrative (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Property, Plant and Equipment [Abstract]      
Depreciation $ 4,855 $ 4,866 $ 4,900
v3.25.4
Goodwill and Intangible Assets - Schedule of Changes in Goodwill (Details) - USD ($)
$ in Thousands
 12 Months Ended
Apr. 30, 2025
Dec. 31, 2025
Dec. 31, 2024
Goodwill [Roll Forward]      
Goodwill balance, beginning of year   $ 128,160 $ 127,031
Goodwill balance, end of year   136,620 128,160
Commonwealth Benefits Group acquisition      
Goodwill [Roll Forward]      
Goodwill acquired   0 1,129
William Penn Acquisition      
Goodwill [Roll Forward]      
Goodwill acquired $ 6,857 6,857 0
Goodwill balance, end of year $ 6,900    
Charis Insurance acquisition      
Goodwill [Roll Forward]      
Goodwill acquired   $ 1,603 $ 0
v3.25.4
Goodwill and Intangible Assets - Narrative (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
May 12, 2025
Apr. 30, 2025
Jul. 31, 2024
Dec. 31, 2023
Goodwill [Line Items]            
Goodwill $ 136,620 $ 128,160       $ 127,031
Goodwill, Impairment Loss $ 0 $ 0        
Core Deposit Intangible            
Goodwill [Line Items]            
Intangible assets, amortization period (in years) 10 years          
Core Deposit Intangible | Maximum            
Goodwill [Line Items]            
Intangible assets, amortization period (in years) 10 years          
Customer Lists Intangible | Maximum            
Goodwill [Line Items]            
Intangible assets, amortization period (in years) 20 years          
Charis Insurance acquisition            
Goodwill [Line Items]            
Goodwill     $ 1,600      
Charis Insurance acquisition | Customer Lists Intangible            
Goodwill [Line Items]            
Intangible assets, amortization period (in years) 10 years          
Charis Insurance acquisition | Noncompete Agreements            
Goodwill [Line Items]            
Intangible assets, amortization period (in years) 5 years          
William Penn Acquisition            
Goodwill [Line Items]            
Goodwill       $ 6,900    
Commonwealth Benefits Group acquisition            
Goodwill [Line Items]            
Goodwill         $ 1,100  
Commonwealth Benefits Group acquisition | Customer Lists Intangible            
Goodwill [Line Items]            
Intangible assets, amortization period (in years) 10 years          
Commonwealth Benefits Group acquisition | Noncompete Agreements            
Goodwill [Line Items]            
Intangible assets, amortization period (in years) 5 years          
v3.25.4
Goodwill and Intangible Assets - Schedule of Gross Carrying Amount and Accumulated Amortization (Details) - Core Deposit and Other Intangibles - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Finite Lived Intangible Assets [Line Items]    
Gross carrying amount of core deposit and other intangibles $ 17,703 $ 8,026
Less: accumulated amortization (3,046) (1,784)
Core deposit and other intangibles, net $ 14,657 $ 6,242
v3.25.4
Goodwill and Intangible Assets - Schedule of Changes in Intangible Assets (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Finite-Lived Intangible Assets [Roll Forward]      
Less: Amortization of core deposit intangibles $ (3,046) $ (1,784) $ (1,780)
Core Deposit Intangible      
Finite-Lived Intangible Assets [Roll Forward]      
Intangible assets, beginning balance 3,382 4,649 4,964
Less: Amortization of core deposit intangibles (2,126) (1,267) (1,314)
Intangible assets, ending balance 10,258 3,382 4,649
Core Deposit Intangible | Brunswick acquisition      
Finite-Lived Intangible Assets [Roll Forward]      
Core deposit intangibles, purchase accounting adjustments 0 0 999
Core Deposit Intangible | William Penn Acquisition      
Finite-Lived Intangible Assets [Roll Forward]      
Core deposit intangibles, purchase accounting adjustments 9,002 0 0
Customer Lists Intangible      
Finite-Lived Intangible Assets [Roll Forward]      
Intangible assets, beginning balance 2,799 1,830 2,275
Less: Amortization of core deposit intangibles (841) (512) (445)
Intangible assets, ending balance 4,157 2,799 1,830
Customer Lists Intangible | Commonwealth Benefits Group acquisition      
Finite-Lived Intangible Assets [Roll Forward]      
Commonwealth Benefits Group acquisition 0 1,481 0
Customer Lists Intangible | Charis Insurance acquisition      
Finite-Lived Intangible Assets [Roll Forward]      
Commonwealth Benefits Group acquisition 2,199 0 0
Noncompete Agreements      
Finite-Lived Intangible Assets [Roll Forward]      
Intangible assets, beginning balance 61 0 0
Less: Amortization of core deposit intangibles (51) (6) 0
Intangible assets, ending balance 201 61 0
Noncompete Agreements | Commonwealth Benefits Group acquisition      
Finite-Lived Intangible Assets [Roll Forward]      
Commonwealth Benefits Group acquisition 0 67 0
Noncompete Agreements | Charis Insurance acquisition      
Finite-Lived Intangible Assets [Roll Forward]      
Commonwealth Benefits Group acquisition $ 191 $ 0 $ 0
v3.25.4
Goodwill and Intangible Assets - Schedule of Finite-Lived Intangible Assets, Future Amortization Expense (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Core Deposit Intangible        
Finite Lived Intangible Assets [Line Items]        
2026 $ 2,340      
2027 1,955      
2028 1,570      
2029 1,297      
2030 1,053      
Thereafter 2,043      
Core deposit and other intangibles, net 10,258 $ 3,382 $ 4,649 $ 4,964
Customer Lists Intangible        
Finite Lived Intangible Assets [Line Items]        
2026 909      
2027 793      
2028 677      
2029 561      
2030 445      
Thereafter 772      
Core deposit and other intangibles, net 4,157 2,799 1,830 2,275
Noncompete Agreements        
Finite Lived Intangible Assets [Line Items]        
2026 77      
2027 77      
2028 40      
2029 7      
Core deposit and other intangibles, net $ 201 $ 61 $ 0 $ 0
v3.25.4
Leases - Schedule of Operating and Finance Lease Right-of-use Assets and Related Lease Liabilities (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Operating Leases    
ROU $ 15,169 $ 7,699
Lease liability $ 15,405 $ 8,092
Weighted-average remaining lease term (in years) 5 years 7 months 9 days 5 years 1 month 13 days
Weighted-average discount rate 4.13% 3.68%
Finance Leases    
ROU $ 2,368 $ 2,548
Lease liability $ 2,917 $ 3,063
Weighted-average remaining lease term (in years) 13 years 2 months 1 day 14 years 2 months 1 day
Weighted-average discount rate 3.81% 3.81%
v3.25.4
Leases - Schedule of Lease Costs (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Finance lease cost:      
Amortization of ROU asset $ 180 $ 179 $ 180
Interest expense on lease liability 113 119 123
Total finance lease cost 293 298 303
Operating lease cost 3,328 2,322 2,081
Sublease income 0 (21) (29)
Total lease costs $ 3,621 $ 2,599 $ 2,355
v3.25.4
Leases - Narrative (Details) - Operating and Finance Leases Related Party - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Lessee Lease Description [Line Items]      
Rent expense paid to related parties $ 185 $ 274 $ 274
2026 178    
2027 178    
2028 178    
2029 178    
2030 181    
Thereafter $ 457    
v3.25.4
Leases - Schedule of Cash Paid for Amounts Included in Measurement of Lease Liabilities (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash paid for amounts included in the measurement of lease liabilities:      
Operating cash flows from finance leases $ 113 $ 119  
Operating cash flows from operating leases 3,318 2,382  
Financing cash flows from finance leases $ 146 $ 134 $ 93
v3.25.4
Leases - Schedule of Maturity Analysis of Operating and Finance Lease Liabilities (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Operating Leases    
2026 $ 4,075  
2027 3,747  
2028 2,616  
2029 2,291  
2030 1,625  
Thereafter 2,795  
Total lease payments 17,149  
Less: imputed interest (1,744)  
Operating lease liability 15,405 $ 8,092
Finance Leases    
2026 260  
2027 260  
2028 260  
2029 276  
2030 279  
Thereafter 2,397  
Total lease payments 3,732  
Less: imputed interest (815)  
Present value of lease liabilities $ 2,917 $ 3,063
v3.25.4
Deposits - Schedule of Deposit Liabilities (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Interest-Bearing Deposit Liabilities, Domestic, by Component [Abstract]    
Noninterest-bearing demand deposits $ 834,013 $ 759,169
Interest-bearing demand deposits 1,278,940 1,101,444
Money market 1,226,171 968,398
Savings 324,064 260,258
Total demand and savings 3,663,188 3,089,269
Time 1,551,475 1,600,658
Total Deposits $ 5,214,663 $ 4,689,927
% of Total Deposits    
Noninterest-bearing demand deposits 16.00% 16.20%
Interest-bearing demand deposits 24.50% 23.50%
Money market 23.50% 20.60%
Savings 6.20% 5.50%
Total demand and savings 70.20% 65.90%
Time 29.80% 34.10%
Total deposits 100.00% 100.00%
v3.25.4
Deposits - Schedule of Time Deposits By Maturity Date (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Deposit Liability [Line Items]    
Total $ 1,551,475 $ 1,600,658
Less than $250,000    
Deposit Liability [Line Items]    
Maturing in 2026 1,026,518  
Maturing in 2027 107,392  
Maturing in 2028 24,792  
Maturing in 2029 8,465  
Maturing in 2030 5,812  
Maturing thereafter 3,654  
Total 1,176,633  
$250,000 or more    
Deposit Liability [Line Items]    
Maturing in 2026 362,344  
Maturing in 2027 10,203  
Maturing in 2028 3,608  
Maturing in 2029 260  
Maturing in 2030 682  
Maturing thereafter 867  
Total $ 377,964  
v3.25.4
Deposits - Narrative (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Deposits [Abstract]    
Brokered certificates of deposits $ 97.5 $ 319.8
CDAR deposits 83.2 73.3
Related party deposit liabilities $ 29.3 $ 31.8
v3.25.4
Short-term Borrowings (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Short-term Debt [Line Items]    
Short-term borrowings $ 20,833 $ 2,000
Maturity of federal funds purchased from correspondent banks one business day  
Maximum borrowing capacity $ 2,700,000  
Current borrowing available 1,700,000  
Federal home loan bank, maximum amount available, net of deposits and advances 1,900,000  
Other Correspondent Banks    
Short-term Debt [Line Items]    
Line of credit facility, remaining borrowing capacity 35,000  
Outstanding drawings $ 0 $ 0
v3.25.4
Long-term Debt - Schedule of Long-term Debt Outstanding by Due Date (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Debt Instrument [Line Items]    
Total FHLB fixed rate instruments $ 20,222 $ 20,540
Finance lease obligations included in long-term debt 2,917 3,063
Total long-term debt $ 23,139 $ 23,603
Due February 2026, 4.51%    
Debt Instrument [Line Items]    
Federal Home Loan Bank, advances, branch of FHLB bank, interest rate (as percent) 4.51% 4.51%
Long-term debt outstanding $ 20,000 $ 20,000
Due August 2026, 4.80%    
Debt Instrument [Line Items]    
Federal Home Loan Bank, advances, branch of FHLB bank, interest rate (as percent) 4.80% 4.80%
Long-term debt outstanding $ 212 $ 523
Due February 2027, 6.71%    
Debt Instrument [Line Items]    
Federal Home Loan Bank, advances, branch of FHLB bank, interest rate (as percent) 6.71% 6.71%
Long-term debt outstanding $ 10 $ 17
v3.25.4
Long-term Debt - Narrative (Details)
$ in Thousands
 3 Months Ended
Mar. 31, 2019
agreement
Dec. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
Maturities of Long-Term Debt [Abstract]      
FHLB prepayment   $ 0 $ 0
Long-term debt outstanding   23,139 23,603
Letter of credit outstanding, amount   $ 162,500 $ 156,000
Number of lease agreement under non-cancelable finance lease | agreement 1    
v3.25.4
Long-term Debt - Schedule of Aggregate Principal Amounts Due (Details)
$ in Thousands
Dec. 31, 2025
USD ($)
Maturities of Long-Term Debt [Abstract]  
2026 $ 20,220
2027 2
Total $ 20,222
v3.25.4
Subordinated Debt (Details) - USD ($)
Dec. 22, 2020
Mar. 20, 2020
Dec. 31, 2025
Dec. 31, 2024
Nov. 30, 2021
Subordinated Borrowing [Line Items]          
Subordinated debt outstanding     $ 0 $ 45,741,000  
Subordinated Debt | Subordinated Notes Due December 2030          
Subordinated Borrowing [Line Items]          
Debt instrument, interest rate, effective percentage 4.50%        
Subordinated debt and trust preferred securities redemption $ 12,200,000        
Subordinated Debt | Subordinated Notes Due March 2030          
Subordinated Borrowing [Line Items]          
Debt instrument, interest rate, effective percentage   4.00%      
Subordinated debt and trust preferred securities redemption   $ 15,000,000.0      
Riverview Acquisition | Subordinated Debt          
Subordinated Borrowing [Line Items]          
Subordinate debt assumed         $ 25,000,000.0
Subordinated debt fair value premium         $ 2,300,000
Debt instrument, interest rate, effective percentage         5.75%
v3.25.4
Derivative Financial Instruments - Schedule of Notional Amount and Fair Value of Mortgage Banking Derivative Financial Instruments (Details) - Mortgage Banking Derivative Financial Instruments - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Interest Rate Lock Commitments | Positive Fair Values    
Derivative [Line Items]    
Notional Amount $ 643 $ 120
Asset (Liability) Fair Value 4 1
Interest Rate Lock Commitments | Negative Fair Values    
Derivative [Line Items]    
Notional Amount 170 1,084
Asset (Liability) Fair Value (1) (4)
Forward Commitments | Positive Fair Values    
Derivative [Line Items]    
Notional Amount 1,129 2,380
Asset (Liability) Fair Value 6 7
Forward Commitments | Negative Fair Values    
Derivative [Line Items]    
Notional Amount 1,192 1,167
Asset (Liability) Fair Value $ (4) $ (6)
v3.25.4
Derivative Financial Instruments - Narrative (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Derivative [Line Items]      
Gain on hedging activity $ 12 $ 10 $ 324
Interest Rate Contract      
Derivative [Line Items]      
Cash flow hedge gain (loss) to be reclassified within 12 months $ (223)    
v3.25.4
Derivative Financial Instruments - Schedule of Mortgage Banking Derivative Financial Instruments Net, Gains or Losses Recognized Within Other Noninterest Income (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Derivative [Line Items]    
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Other Other
Gain (loss) on derivative $ 11 $ 11
Interest Rate Lock Commitments    
Derivative [Line Items]    
Gain (loss) on derivative 32 (3)
Forward Commitments    
Derivative [Line Items]    
Gain (loss) on derivative $ (21) $ 14
v3.25.4
Derivative Financial Instruments - Schedule of Loan Level Swaps (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Loan-level interest rate swaps on loans with customers | Commercial Loan    
Derivative [Line Items]    
Notional Amount $ 287,251 $ 217,150
Weighted-average remaining term (years) 4 years 1 month 28 days 5 years 1 month 9 days
Receive fixed rate (weighted-average) 5.13% 4.68%
Pay variable rate (weighted-average) 6.08% 6.64%
Estimated fair value $ 8,796 $ 11,118
Loan-level interest rate swaps on loans with correspondents | Commercial Loan    
Derivative [Line Items]    
Notional Amount $ 287,251 $ 217,150
Weighted-average remaining term (years) 4 years 1 month 28 days 5 years 1 month 9 days
Receive fixed rate (weighted-average) 6.08% 6.64%
Pay variable rate (weighted-average) 5.13% 4.68%
Estimated fair value $ 8,796 $ 11,118
Cash flow hedges | Cash Flow Hedging    
Derivative [Line Items]    
Notional Amount $ 75,000 $ 295,000
Weighted-average remaining term (years) 10 months 2 days 1 year 6 months 18 days
Receive fixed rate (weighted-average) 3.81% 3.64%
Pay variable rate (weighted-average) 3.52% 4.10%
Estimated fair value $ 211 $ 2,590
v3.25.4
Fair Value Measurement - Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale securities $ 416,314 $ 260,477
Equity securities, at fair value 5,446 428
Fair Value, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Equity securities, at fair value 5,446 428
Loans held-for-sale $ 3,668 $ 7,064
Financial instruments - assets    
Derivative Asset, Statement of Financial Position [Extensible Enumeration] Other assets Other assets
Derivative assets $ 9,007 $ 13,708
Other liabilities:    
Derivative Liability, Statement of Financial Position [Extensible Enumeration] Other liabilities Other liabilities
Derivative liabilities $ 8,796 $ 11,118
U.S. Treasury and U.S. government agencies | Fair Value, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale securities 19,066 21,507
Mortgage-backed U.S. government agencies    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale securities 353,397 202,944
Mortgage-backed U.S. government agencies | Fair Value, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale securities 353,397 202,944
State and political subdivision obligations    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale securities 3,834 3,596
State and political subdivision obligations | Fair Value, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale securities 3,834 3,596
Corporate debt securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale securities 40,017 32,430
Corporate debt securities | Fair Value, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale securities 40,017 32,430
Level 1    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale securities 0 0
Loans held-for-sale 0 0
Financial instruments - assets    
Derivative assets 0 0
Level 1 | Fair Value, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Equity securities, at fair value 5,446 428
Loans held-for-sale 0 0
Financial instruments - assets    
Derivative assets 0 0
Other liabilities:    
Derivative liabilities 0 0
Level 1 | U.S. Treasury and U.S. government agencies | Fair Value, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale securities 0 0
Level 1 | Mortgage-backed U.S. government agencies | Fair Value, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale securities 0 0
Level 1 | State and political subdivision obligations | Fair Value, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale securities 0 0
Level 1 | Corporate debt securities | Fair Value, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale securities 0 0
Level 2    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale securities 416,314 260,477
Loans held-for-sale 3,668 7,064
Financial instruments - assets    
Derivative assets 9,007 13,708
Level 2 | Fair Value, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Equity securities, at fair value 0 0
Loans held-for-sale 3,668 7,064
Financial instruments - assets    
Derivative assets 9,007 13,708
Other liabilities:    
Derivative liabilities 8,796 11,118
Level 2 | U.S. Treasury and U.S. government agencies | Fair Value, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale securities 19,066 21,507
Level 2 | Mortgage-backed U.S. government agencies | Fair Value, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale securities 353,397 202,944
Level 2 | State and political subdivision obligations | Fair Value, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale securities 3,834 3,596
Level 2 | Corporate debt securities | Fair Value, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale securities 40,017 32,430
Level 3    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale securities 0 0
Loans held-for-sale 0 0
Financial instruments - assets    
Derivative assets 0 0
Level 3 | Fair Value, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Equity securities, at fair value 0 0
Loans held-for-sale 0 0
Financial instruments - assets    
Derivative assets 0 0
Other liabilities:    
Derivative liabilities 0 0
Level 3 | U.S. Treasury and U.S. government agencies | Fair Value, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale securities 0 0
Level 3 | Mortgage-backed U.S. government agencies | Fair Value, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale securities 0 0
Level 3 | State and political subdivision obligations | Fair Value, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale securities 0 0
Level 3 | Corporate debt securities | Fair Value, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale securities $ 0 $ 0
v3.25.4
Fair Value Measurement - Schedule of Fair Value Measurements, Nonrecurring (Details) - Fair Value, Recurring
$ in Thousands
Dec. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Individually evaluated loans, net of ACL $ 20,903 $ 21,171
Foreclosed assets held-for-sale 7,806 44
Level 1    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Individually evaluated loans, net of ACL 0 0
Foreclosed assets held-for-sale 0 0
Level 2    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Individually evaluated loans, net of ACL 0 0
Foreclosed assets held-for-sale 0 0
Level 3    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Individually evaluated loans, net of ACL 20,903 21,171
Foreclosed assets held-for-sale $ 7,806 $ 44
Level 3 | Minimum | Appraisal of collateral | Appraisal adjustments    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Individually evaluated loans, net of ACL measurement input 0.08 0
Foreclosed assets, held-for-sale, measurement input 0.23 0.26
Level 3 | Maximum | Appraisal of collateral | Appraisal adjustments    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Individually evaluated loans, net of ACL measurement input 1 1
Foreclosed assets, held-for-sale, measurement input 1 0.26
Level 3 | Weighted Average | Appraisal of collateral | Appraisal adjustments    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Individually evaluated loans, net of ACL measurement input 0.449 0.056
Foreclosed assets, held-for-sale, measurement input 0.398 0.260
v3.25.4
Fair Value Measurement - Schedule of Fair Value, by Balance Sheet Grouping (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Financial instruments - assets    
Available-for-sale securities $ 416,314 $ 260,477
Held-to-maturity securities 321,702 340,648
Net loans 405,300 0
Level 1    
Financial instruments - assets    
Cash and cash equivalents 98,918 70,564
Available-for-sale securities 0 0
Held-to-maturity securities 0 0
Equity securities 5,446 428
Loans held-for-sale 0 0
Net loans 0 0
Restricted investment in bank stocks
Accrued interest receivable 29,640 26,846
Derivative assets 0 0
Financial instruments - liabilities    
Deposits 0 0
Short-term borrowings 0 0
Long-term debt 0 0
Subordinated debt   0
Accrued interest payable 10,942 13,484
Derivative liabilities 0 0
Level 2    
Financial instruments - assets    
Cash and cash equivalents 0 0
Available-for-sale securities 416,314 260,477
Held-to-maturity securities 321,702 340,648
Equity securities 0 0
Loans held-for-sale 3,668 7,064
Net loans 0 0
Restricted investment in bank stocks 7,576 7,461
Accrued interest receivable 0 0
Derivative assets 9,007 13,708
Financial instruments - liabilities    
Deposits 5,218,656 4,684,548
Short-term borrowings 20,833 2,000
Long-term debt 20,223 19,120
Subordinated debt   42,811
Accrued interest payable 0 0
Derivative liabilities 8,796 11,118
Level 3    
Financial instruments - assets    
Cash and cash equivalents 0 0
Available-for-sale securities 0 0
Held-to-maturity securities 0 0
Equity securities 0 0
Loans held-for-sale 0 0
Net loans 4,866,731 4,430,623
Restricted investment in bank stocks 0 0
Accrued interest receivable 0 0
Derivative assets 0 0
Financial instruments - liabilities    
Deposits 0 0
Short-term borrowings 0 0
Long-term debt 0 0
Subordinated debt   0
Accrued interest payable 0 0
Derivative liabilities 0 0
Carrying Amount    
Financial instruments - assets    
Cash and cash equivalents 98,918 70,564
Available-for-sale securities 416,314 260,477
Held-to-maturity securities 347,285 382,447
Equity securities 5,446 428
Loans held-for-sale 3,668 7,064
Net loans 4,826,747 4,407,556
Restricted investment in bank stocks 7,576 7,461
Accrued interest receivable 29,640 26,846
Derivative assets 9,007 13,708
Financial instruments - liabilities    
Deposits 5,214,663 4,689,927
Short-term borrowings 20,833 2,000
Long-term debt 20,222 20,540
Subordinated debt   45,741
Accrued interest payable 10,942 13,484
Derivative liabilities 8,796 11,118
Total    
Financial instruments - assets    
Cash and cash equivalents 98,918 70,564
Available-for-sale securities 416,314 260,477
Held-to-maturity securities 321,702 340,648
Equity securities 5,446 428
Loans held-for-sale 3,668 7,064
Net loans 4,866,731 4,430,623
Restricted investment in bank stocks 7,576 7,461
Accrued interest receivable 29,640 26,846
Derivative assets 9,007 13,708
Financial instruments - liabilities    
Deposits 5,218,656 4,684,548
Short-term borrowings 20,833 2,000
Long-term debt 20,223 19,120
Subordinated debt   42,811
Accrued interest payable 10,942 13,484
Derivative liabilities $ 8,796 $ 11,118
v3.25.4
Postretirement Benefit Plans - Narrative (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jan. 01, 2008
Dec. 31, 2025
Dec. 31, 2024
Oct. 01, 2023
Postretirement Life Insurance        
Defined Benefit Plan Disclosure [Line Items]        
Defined benefit plan, minimum service period requirement (in years) 10 years 20 years    
Life insurance coverage amount until age 65   $ 50    
Decrease in coverage amount per year until age 74   5    
Life insurance coverage amount   $ 5    
Defined Benefit Postretirement Health and Life Benefit Plan        
Defined Benefit Plan Disclosure [Line Items]        
Defined benefit plan, minimum service period requirement (in years) 10 years 20 years    
Defined benefit plan, coverage period (in years)   5 years    
Percentage increase in postretirement benefit health insurance reimbursable premium   36.79%    
Defined Benefit Postretirement Health and Life Benefit Plan | Maximum        
Defined Benefit Plan Disclosure [Line Items]        
Postretirement benefit health insurance reimbursable premium   $ 5    
Post-Retirement Health Benefit Plan        
Defined Benefit Plan Disclosure [Line Items]        
Defined benefit plan, minimum service period requirement (in years)   20 years    
Defined benefit plan, coverage period (in years)   5 years    
Post-Retirement Health Benefit Plan | Maximum        
Defined Benefit Plan Disclosure [Line Items]        
Postretirement benefit health insurance reimbursable premium   $ 5    
Defined Benefit Postretirement Health And Life Coverage        
Defined Benefit Plan Disclosure [Line Items]        
Defined benefit plan, accumulated benefit obligation   224 $ 226  
Director's Retirement Plan        
Defined Benefit Plan Disclosure [Line Items]        
Defined benefit plan, accumulated benefit obligation   0 0 $ 1,300
Cash surrender value of bank owned life insurance   $ 4,000 4,300  
Scottdale Defined Benefit Pension Plan        
Defined Benefit Plan Disclosure [Line Items]        
Defined Benefit Plan, Net Periodic Benefit (Cost) Credit, Immediate Recognition of Actuarial Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]   Other    
Defined benefit plan, accumulated benefit obligation   $ 2,100 2,500  
Settlement gains recognized   (4) 0  
Scottdale Defined Benefit Pension Plan | Scottdale Bank and Trust Company        
Defined Benefit Plan Disclosure [Line Items]        
Settlement gains recognized   $ 192 0  
Scottdale Defined Benefit Pension Plan | Minimum | Scottdale Bank and Trust Company | Fixed Income Securities        
Defined Benefit Plan Disclosure [Line Items]        
Percentage of target portfolio allocation   30.00%    
Scottdale Defined Benefit Pension Plan | Minimum | Scottdale Bank and Trust Company | Equity Securities        
Defined Benefit Plan Disclosure [Line Items]        
Percentage of target portfolio allocation   40.00%    
Scottdale Defined Benefit Pension Plan | Maximum | Scottdale Bank and Trust Company | Cash        
Defined Benefit Plan Disclosure [Line Items]        
Percentage of target portfolio allocation   20.00%    
Scottdale Defined Benefit Pension Plan | Maximum | Scottdale Bank and Trust Company | Fixed Income Securities        
Defined Benefit Plan Disclosure [Line Items]        
Percentage of target portfolio allocation   50.00%    
Scottdale Defined Benefit Pension Plan | Maximum | Scottdale Bank and Trust Company | Equity Securities        
Defined Benefit Plan Disclosure [Line Items]        
Percentage of target portfolio allocation   60.00%    
Riverview Defined Benefit Plan        
Defined Benefit Plan Disclosure [Line Items]        
Defined benefit plan, accumulated benefit obligation   $ 5,500 $ 5,700  
v3.25.4
Postretirement Benefit Plans - Schedule of Net Funded Status (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Defined Benefit Postretirement Health And Life Coverage      
Change in benefit obligations:      
Benefit obligations, beginning of period $ 226 $ 271  
Service cost 1 1 $ 1
Interest cost 11 11 13
Change in experience 1 (28)  
Change in assumptions 5 (7)  
Benefit payments (20) (22)  
Benefit obligations, end of period 224 226 271
Change in fair value of plan assets:      
Fair value of plan assets, beginning of period 0 0  
Employer contributions 20 22  
Benefit payments (20) (22)  
Fair value of plan assets, end of period 0 0 0
Funded status at year end (224) (226)  
Director's Retirement Plan      
Change in benefit obligations:      
Benefit obligations, beginning of period 0 1,306  
Service cost 0 0 56
Interest cost 0 0 61
Actuarial gain (loss) 0 0  
Change in assumptions 0 0  
Benefit payments 0 (1,306)  
Benefit obligations, end of period 0 0 1,306
Change in fair value of plan assets:      
Fair value of plan assets, beginning of period 0 0  
Employer contributions 0 1,306  
Benefit payments 0 (1,306)  
Fair value of plan assets, end of period 0 0 0
Funded status at year end 0 0  
Scottdale Defined Benefit Pension Plan      
Change in benefit obligations:      
Benefit obligations, beginning of period 2,547 2,659  
Service cost 15 25 58
Interest cost 136 130 197
Settlement loss 4 0  
Actuarial gain (loss) (35) (97)  
Settlement payments (493) 0  
Benefit payments (87) (170)  
Benefit obligations, end of period 2,087 2,547 2,659
Change in fair value of plan assets:      
Fair value of plan assets, beginning of period 3,597 3,468  
Return on plan assets 415 328  
Employer contributions 0 0  
Benefit payments (87) (170)  
Administrative expenses (29) (29)  
Settlement payments (493) 0  
Fair value of plan assets, end of period 3,403 3,597 3,468
Funded status at year end 1,316 1,050  
Riverview Defined Benefit Plan      
Change in benefit obligations:      
Benefit obligations, beginning of period 5,740 6,442  
Interest cost 302 299 309
Actuarial gain (loss) (8) (483)  
Benefit payments (508) (518)  
Benefit obligations, end of period 5,526 5,740 6,442
Change in fair value of plan assets:      
Fair value of plan assets, beginning of period 6,711 6,895  
Return on plan assets 697 329  
Employer contributions 0 3  
Benefit payments (505) (516)  
Fair value of plan assets, end of period 6,903 6,711 $ 6,895
Funded status at year end $ 1,377 $ 971  
v3.25.4
Postretirement Benefit Plans - Schedule of Amounts Recognized in Balance Sheet (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Defined Benefit Postretirement Health And Life Coverage    
Defined Benefit Plan Disclosure [Line Items]    
Accrued benefit liability $ 224 $ 226
Director's Retirement Plan    
Defined Benefit Plan Disclosure [Line Items]    
Accrued benefit liability 0 0
Scottdale Defined Benefit Pension Plan    
Defined Benefit Plan Disclosure [Line Items]    
Accrued pension benefit asset 1,316 1,050
Riverview Defined Benefit Plan    
Defined Benefit Plan Disclosure [Line Items]    
Accrued pension benefit asset $ 1,377 $ 971
v3.25.4
Postretirement Benefit Plans - Schedule of Amounts Recognized in Other Comprehensive (Loss) Income (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Defined Benefit Postretirement Health And Life Coverage    
Defined Benefit Plan Disclosure [Line Items]    
Net (gain) loss, pretax $ (51) $ (65)
Net prior service cost, pretax 0 0
Director's Retirement Plan    
Defined Benefit Plan Disclosure [Line Items]    
Net (gain) loss, pretax 0 0
Net prior service cost, pretax 0 0
Scottdale Defined Benefit Pension Plan    
Defined Benefit Plan Disclosure [Line Items]    
Net (gain) loss, pretax (813) (798)
Riverview Defined Benefit Plan    
Defined Benefit Plan Disclosure [Line Items]    
Net (gain) loss, pretax $ (153) $ (415)
v3.25.4
Postretirement Benefit Plans - Schedule of Net Periodic Benefit Costs (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Defined Benefit Postretirement Health And Life Coverage      
Defined Benefit Plan Disclosure [Line Items]      
Service cost $ 1 $ 1 $ 1
Interest cost 11 11 13
Amortization of prior service cost 0 0 10
Amortization of net gain (8) (7) (2)
Net periodic postretirement benefit cost 4 5 22
Director's Retirement Plan      
Defined Benefit Plan Disclosure [Line Items]      
Service cost 0 0 56
Interest cost 0 0 61
Amortization of net gain 0 0 34
Net periodic postretirement benefit cost 0 0 151
Scottdale Defined Benefit Pension Plan      
Defined Benefit Plan Disclosure [Line Items]      
Service cost 15 25 58
Interest cost 136 130 197
Expected return on plan assets (159) (153) (211)
Recognized net actuarial gain (52) (25) (63)
Net periodic postretirement benefit cost (60) (23) (19)
Riverview Defined Benefit Plan      
Defined Benefit Plan Disclosure [Line Items]      
Interest cost 302 299 309
Expected return on plan assets (387) (397) (387)
Amortization of net gain 10 12 0
Net periodic postretirement benefit cost (75) (86) (78)
Riverview Defined Benefit Postretirement Plan      
Defined Benefit Plan Disclosure [Line Items]      
Service cost 0 0 0
Interest cost 1 1 1
Unrecognized gain (1) (1) (1)
Net periodic postretirement benefit cost $ 0 $ 0 $ 0
v3.25.4
Postretirement Benefit Plans - Schedule of Assumptions Used (Details)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Defined Benefit Postretirement Health And Life Coverage      
Weighted Average Assumptions Used in Calculating Benefit Obligation      
Discount rate 5.07% 5.32%  
Rate of compensation increase 0.00% 0.00%  
Weighted Average Assumptions Used in Calculating Net Periodic Benefit Cost      
Discount rate 5.32% 4.67% 4.90%
Rate of compensation increase 0.00% 0.00% 0.00%
Director's Retirement Plan      
Weighted Average Assumptions Used in Calculating Benefit Obligation      
Discount rate 0.00% 0.00%  
Change in consumer price index 0.00% 0.00%  
Weighted Average Assumptions Used in Calculating Net Periodic Benefit Cost      
Discount rate 0.00% 0.00% 4.80%
Change in consumer price index 0.00% 0.00% 3.40%
Scottdale Defined Benefit Pension Plan      
Weighted Average Assumptions Used in Calculating Benefit Obligation      
Discount rate 5.50% 5.50% 5.00%
Expected long-term return on plan assets 4.50% 4.50% 4.50%
Rate of compensation increase 2.50% 2.50% 2.50%
Riverview Defined Benefit Plan | Union      
Weighted Average Assumptions Used in Calculating Benefit Obligation      
Discount rate 5.54% 4.83%  
Expected long-term return on plan assets 6.00% 6.00%  
Riverview Defined Benefit Plan | Citizens      
Weighted Average Assumptions Used in Calculating Benefit Obligation      
Discount rate 5.54% 4.83%  
Expected long-term return on plan assets 6.00% 6.00%  
Riverview Defined Benefit Plan | Postretirement Life Insurance Benefits Citizens      
Weighted Average Assumptions Used in Calculating Benefit Obligation      
Discount rate 4.99% 5.32%  
v3.25.4
Postretirement Benefit Plans - Schedule of Health Care Cost Trend Rates (Details) - Defined Benefit Postretirement Health And Life Coverage
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Defined Benefit Plan Disclosure [Line Items]      
Health care cost trend rate assumed for next year 8.00% 7.00% 7.00%
Rate to which the cost trend rate is assumed to decline (the ultimate trend rate) 5.50% 5.50% 5.50%
Year that the rate reaches the ultimate trend rate 2029 2028 2027
v3.25.4
Postretirement Benefit Plans - Schedule of Expected Benefit Payments (Details)
$ in Thousands
Dec. 31, 2025
USD ($)
Defined Benefit Postretirement Health And Life Coverage  
Defined Benefit Plan Disclosure [Line Items]  
2026 $ 28
2027 28
2028 27
2029 18
2030 14
2031-2035 67
Scottdale Defined Benefit Pension Plan  
Defined Benefit Plan Disclosure [Line Items]  
2026 108
2027 124
2028 155
2029 154
2030 178
2031-2035 840
Riverview Defined Benefit Plan | Pension Benefits  
Defined Benefit Plan Disclosure [Line Items]  
2026 511
2027 498
2028 499
2029 490
2030 478
2031-2035 2,154
Riverview Defined Benefit Plan | Postretirement Life Insurance Benefits  
Defined Benefit Plan Disclosure [Line Items]  
2026 4
2027 3
2028 3
2029 3
2030 3
2031-2035 $ 9
v3.25.4
Postretirement Benefit Plans - Schedule of Weighted-Average Asset Allocation By Investment Category (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Scottdale Defined Benefit Pension Plan      
Defined Benefit Plan Disclosure [Line Items]      
Estimated Fair Value $ 3,403 $ 3,597 $ 3,468
Percentage of Total Assets 100.00% 100.00%  
Scottdale Defined Benefit Pension Plan | Cash and cash equivalents      
Defined Benefit Plan Disclosure [Line Items]      
Estimated Fair Value $ 365 $ 263  
Percentage of Total Assets 10.70% 7.30%  
Scottdale Defined Benefit Pension Plan | Common stock      
Defined Benefit Plan Disclosure [Line Items]      
Estimated Fair Value $ 1,894 $ 2,081  
Percentage of Total Assets 55.70% 57.90%  
Scottdale Defined Benefit Pension Plan | Corporate debt securities      
Defined Benefit Plan Disclosure [Line Items]      
Estimated Fair Value $ 1,144 $ 1,253  
Percentage of Total Assets 33.60% 34.80%  
Riverview Defined Benefit Plan      
Defined Benefit Plan Disclosure [Line Items]      
Estimated Fair Value $ 6,903 $ 6,711 $ 6,895
Percentage of Total Assets 100.00% 100.00%  
Riverview Defined Benefit Plan | Cash and cash equivalents      
Defined Benefit Plan Disclosure [Line Items]      
Estimated Fair Value $ 60 $ 60  
Percentage of Total Assets 0.90% 0.90%  
Riverview Defined Benefit Plan | Mutual fund - equity      
Defined Benefit Plan Disclosure [Line Items]      
Estimated Fair Value $ 2,618 $ 2,619  
Percentage of Total Assets 37.90% 39.00%  
Riverview Defined Benefit Plan | Mutual fund / EFTs - fixed income      
Defined Benefit Plan Disclosure [Line Items]      
Estimated Fair Value $ 3,926 $ 3,716  
Percentage of Total Assets 56.90% 55.40%  
Riverview Defined Benefit Plan | Common / collective trusts equity      
Defined Benefit Plan Disclosure [Line Items]      
Estimated Fair Value $ 299 $ 316  
Percentage of Total Assets 4.30% 4.70%  
v3.25.4
Other Benefit Plans - Narrative (Details)
$ in Thousands
 12 Months Ended
Sep. 06, 2022
Year
Dec. 31, 2025
USD ($)
participant
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
William Penn Acquisition        
Defined Benefit Plan Disclosure [Line Items]        
Deferred compensation arrangement with individual, recorded liability   $ 1,000    
Number of participants covered | participant   4    
Director's Retirement Plan        
Defined Benefit Plan Disclosure [Line Items]        
Deferred compensation arrangement with individual, recorded liability   $ 2,800 $ 2,600  
Split Dollar Life Insurance Arrangements        
Defined Benefit Plan Disclosure [Line Items]        
Cash surrender value of bank owned life insurance   1,400 1,400  
Split Dollar Life Insurance Arrangements | Phoenix Bancorp Incorporated        
Defined Benefit Plan Disclosure [Line Items]        
Cash surrender value of bank owned life insurance   4,600 4,500  
Split Dollar Life Insurance Arrangements | First Priority Financial Corporation        
Defined Benefit Plan Disclosure [Line Items]        
Cash surrender value of bank owned life insurance   3,800 3,800  
Split Dollar Life Insurance Arrangements | Riverview Financial Corporation        
Defined Benefit Plan Disclosure [Line Items]        
Cash surrender value of bank owned life insurance   1,400 1,400  
Rabbi Trust | Cash        
Defined Benefit Plan Disclosure [Line Items]        
Estimated Fair Value   2,500 2,700  
Scottdale Defined Benefit Pension Plan        
Defined Benefit Plan Disclosure [Line Items]        
Defined contribution plan, associated expense   0 0 $ 0
Estimated Fair Value   3,403 3,597 3,468
Supplemental Executive Retirement Plan        
Defined Benefit Plan Disclosure [Line Items]        
Accrued benefit liability   4,200 3,200  
Monthly fixed cash benefit (in years) 15 years      
Normal retirement age | Year 70      
Supplemental Executive Retirement Plan | Minimum        
Defined Benefit Plan Disclosure [Line Items]        
Annual vesting term (in years) 4 years      
Supplemental Executive Retirement Plan | Maximum        
Defined Benefit Plan Disclosure [Line Items]        
Annual vesting term (in years) 10 years      
Supplemental Executive Retirement Plan | William Penn Acquisition        
Defined Benefit Plan Disclosure [Line Items]        
Accrued benefit liability   $ 315    
Defined Benefit Plan, Number Of Participants Covered | participant   3    
Salaries and Benefits Expense | 401(k) Plan        
Defined Benefit Plan Disclosure [Line Items]        
Defined contribution plan, associated expense   $ 2,100 1,800 1,700
Salaries and Benefits Expense | Supplemental Executive Retirement Plan        
Defined Benefit Plan Disclosure [Line Items]        
Deferred compensation arrangement with individual, compensation expense   979 739 792
Other Expense | Director's Retirement Plan        
Defined Benefit Plan Disclosure [Line Items]        
Deferred compensation arrangement with individual, compensation expense   $ 171 $ 159 $ 127
v3.25.4
Other Benefit Plans - Schedule of Details of Compensation Arrangements (Details) - Rabbi Trust - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Defined Benefit Plan Disclosure [Line Items]    
Total compensation agreements $ 2,043 $ 2,347
Supplemental executive retirement agreements    
Defined Benefit Plan Disclosure [Line Items]    
Total compensation agreements 1,012 1,112
Executive deferred compensation agreement    
Defined Benefit Plan Disclosure [Line Items]    
Total compensation agreements $ 1,031 $ 1,235
v3.25.4
Income Taxes - Schedule of Net Deferred Tax Asset (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Deferred tax assets:    
Allowance for loan losses $ 8,031 $ 7,878
Loan fees 811 769
Deferred compensation 1,899 1,317
Benefit plans 46 50
Unrealized loss on securities 2,373 5,389
Lease adjustments 53 87
Business combination adjustments 7,057 4,659
Acquired NOL, Section 1231, and charitable contribution carryforwards 3,198 3,153
Rabbi trust 442 521
Riverview AMT credits 547 621
Equity compensation 776 249
Riverview subordinated debt fair value adjustment 0 139
Software renewal costs 194 222
Unfunded commitments and loan basis adjustments 609 491
Investments in flow-through entities 203 517
Other 276 482
Total deferred tax assets 26,515 26,544
Deferred tax liabilities:    
Depreciation (2,134) (1,160)
Bond accretion (401) (269)
Goodwill and intangibles (226) (505)
Prepaid expenses (818) (74)
Benefit plans (1,520) (1,368)
Interest rate swaps 0 (421)
Total deferred tax liabilities (5,099) (3,797)
Deferred tax asset, net $ 21,416 $ 22,747
v3.25.4
Income Taxes - Narrative (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Income Taxes [Line Items]      
Net operating loss carryforwards $ 3,200    
Charitable contribution carryforwards 0 $ 0  
Unrecognized tax benefits that would affect the effective income tax rate if recognized 0    
Income tax examination, penalties and interest expense 0 0 $ 0
Income tax examination, penalties and interest accrued 0 $ 0  
Riverview Acquisition      
Income Taxes [Line Items]      
Taxable income related to acquisition $ 2,000    
v3.25.4
Income Taxes - Schedule of Provision for Income Taxes (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Current tax provision      
Federal $ 2,199 $ 7,118 $ 7,570
State 108 864 1,033
Total current tax provision 2,307 7,982 8,603
Deferred tax expense (benefit)      
Federal 12,910 1,998 (525)
State 905 615 (781)
Total deferred tax expense (benefit) 13,815 2,613 (1,306)
Total provision for income taxes $ 16,122 $ 10,595 $ 7,297
v3.25.4
Income Taxes - Schedule of Effective Income Tax Rate Reconciliation (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Income Tax Expense (Benefit), Effective Income Tax Rate Reconciliation, Amount [Abstract]      
Provision at the expected statutory rate $ 15,198 $ 12,607 $ 9,388
Low income housing partnership tax credits (614) (2,163) (1,337)
Effect of tax-exempt income (770) (804) (641)
Effect of investment in life insurance (485) (770) (252)
Nondeductible merger and acquisition expense 704 48 207
State income taxes, net of federal tax benefit 800 1,169 199
Nondeductible interest 128 150 108
Executive compensation 581 0 0
Equity compensation 242 0 0
Other items 338 358 (375)
Total provision for income taxes $ 16,122 $ 10,595 $ 7,297
Effective Income Tax Rate Reconciliation, Percent [Abstract]      
Provision at the expected statutory rate (as percent) 21.00% 21.00% 21.00%
Low income housing partnership tax credits (as percent) (0.80%) (3.60%) (3.00%)
Effect of tax-exempt income (as percent) (1.10%) (1.30%) (1.40%)
Effect of investment in life insurance (as percent) (0.70%) (1.30%) (0.60%)
Nondeductible merger and acquisition expense (as percent) 1.00% 0.10% 0.50%
State income taxes, net of federal tax benefit (as percent) 1.10% 1.90% 0.40%
Nondeductible interest (as percent) 0.20% 0.20% 0.20%
Executive Compensation (as percent) 0.80% 0.00% 0.00%
Equity Compensation (as percent) 0.30% 0.00% 0.00%
Other items (as percent) 0.50% 0.60% (0.80%)
Provision for income taxes (as percent) 22.30% 17.60% 16.30%
v3.25.4
Income Taxes - Schedule of Income Taxes Paid (Details)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
USD ($)
Income Tax Paid, by Individual Jurisdiction [Line Items]  
Federal $ 5,350
State  
Total state 402
Total Income Taxes Paid 5,752
New Jersey  
State  
Total state 395
Other states  
State  
Total state $ 7
v3.25.4
Regulatory Matters - Narrative (Details)
$ in Millions
Dec. 31, 2025
USD ($)
Broker-Dealer, Net Capital Requirement, SEC Regulation [Abstract]  
Common Equity Tier 1 Capital (to Risk-Weighted Assets) 4.50%
Tier 1 Capital (to Risk-Weighted Assets) 0.060
Total Capital (to Risk-Weighted Assets) 0.080
Tier 1 Capital (to Average Assets) 0.040
Capital conservation buffer percentage 2.50%
Statutory amount available for dividend payments without regulatory approval $ 74.2
v3.25.4
Regulatory Matters - Schedule of Regulatory Capital Levels And Related Ratios (Details)
$ in Thousands
Dec. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
Capital Adequacy, Ratio    
Tier 1 Capital (to Average Assets) 0.040  
Common Equity Tier 1 Capital (to Risk-Weighted Assets) 4.50%  
Tier 1 Capital (to Risk-Weighted Assets) 0.060  
Total Capital (to Risk-Weighted Assets) 0.080  
Parent Company    
Actual, Amount    
Tier 1 Capital (to Average Assets) $ 668,092 $ 535,501
Common Equity Tier 1 Capital (to Risk-Weighted Assets) 668,092 535,501
Tier 1 Capital (to Risk-Weighted Assets) 668,092 535,501
Total Capital (to Risk-Weighted Assets) $ 706,029 $ 618,971
Actual, Ratio    
Tier 1 Capital (to Average Assets) 0.110 0.100
Common Equity Tier 1 Capital (to Risk-Weighted Assets) 13.50% 11.90%
Tier 1 Capital (to Risk-Weighted Assets) 0.135 0.119
Total Capital (to Risk-Weighted Assets) 0.143 0.138
Capital Adequacy, Amount    
Tier 1 Capital (to Average Assets) $ 242,447 $ 214,621
Common Equity Tier 1 Capital (to Risk-Weighted Assets) 345,190 313,979
Tier 1 Capital (to Risk-Weighted Assets) 419,160 381,261
Total Capital (to Risk-Weighted Assets) $ 517,785 $ 470,969
Capital Adequacy, Ratio    
Tier 1 Capital (to Average Assets) 0.040 0.040
Common Equity Tier 1 Capital (to Risk-Weighted Assets) 7.00% 7.00%
Tier 1 Capital (to Risk-Weighted Assets) 0.085 0.085
Total Capital (to Risk-Weighted Assets) 0.105 0.105
Subsidiaries    
Actual, Amount    
Tier 1 Capital (to Average Assets) $ 656,480 $ 495,729
Common Equity Tier 1 Capital (to Risk-Weighted Assets) 656,480 495,729
Tier 1 Capital (to Risk-Weighted Assets) 656,480 495,729
Total Capital (to Risk-Weighted Assets) $ 694,417 $ 533,458
Actual, Ratio    
Tier 1 Capital (to Average Assets) 0.109 0.092
Common Equity Tier 1 Capital (to Risk-Weighted Assets) 13.40% 11.10%
Tier 1 Capital (to Risk-Weighted Assets) 0.134 0.111
Total Capital (to Risk-Weighted Assets) 0.141 0.119
Capital Adequacy, Amount    
Tier 1 Capital (to Average Assets) $ 241,963 $ 214,461
Common Equity Tier 1 Capital (to Risk-Weighted Assets) 344,074 313,456
Tier 1 Capital (to Risk-Weighted Assets) 417,804 380,625
Total Capital (to Risk-Weighted Assets) $ 516,111 $ 470,183
Capital Adequacy, Ratio    
Tier 1 Capital (to Average Assets) 0.040 0.040
Common Equity Tier 1 Capital (to Risk-Weighted Assets) 7.00% 7.00%
Tier 1 Capital (to Risk-Weighted Assets) 0.085 0.085
Total Capital (to Risk-Weighted Assets) 0.105 0.105
To Be Well-Capitalized Under Prompt Corrective Action Provisions, Amount    
Tier 1 Capital (to Average Assets) $ 302,453 $ 268,076
Common Equity Tier 1 Capital (to Risk-Weighted Assets) 319,497 291,066
Tier 1 Capital (to Risk-Weighted Assets) 393,227 358,235
Total Capital (to Risk-Weighted Assets) $ 491,534 $ 447,794
To Be Well-Capitalized Under Prompt Corrective Action Provisions, Ratio    
Tier 1 Capital (to Average Assets) 0.050 0.050
Common Equity Tier 1 Capital (to Risk-Weighted Assets) 6.50% 6.50%
Tier 1 Capital (to Risk-Weighted Assets) 0.080 0.080
Total Capital (to Risk-Weighted Assets) 0.100 0.100
v3.25.4
Commitments and Contingencies - Narrative (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Other Commitments [Line Items]        
Off-balance-sheet credit exposure $ 2,913 $ 2,939 $ 3,567  
Benefit for OBS (26) (628)    
Cumulative Effect, Period of Adoption, Adjustment        
Other Commitments [Line Items]        
Off-balance-sheet credit exposure       $ 3,100
Financial Standby Letters of Credit        
Other Commitments [Line Items]        
Commitments to extend credit $ 66,500 $ 64,300    
v3.25.4
Commitments and Contingencies - Schedule of ACL - OBS by Segment (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Off-Balance-Sheet, Credit Loss, Liability [Roll Forward]    
Beginning balance $ 2,939 $ 3,567
(Benefit)/Provision for Credit Loss (26) (628)
Ending balance 2,913 2,939
1-4 Family Rental    
Off-Balance-Sheet, Credit Loss, Liability [Roll Forward]    
Beginning balance 16 11
(Benefit)/Provision for Credit Loss (4) 5
Ending balance 12 16
Commercial and industrial    
Off-Balance-Sheet, Credit Loss, Liability [Roll Forward]    
Beginning balance 1,165 1,270
(Benefit)/Provision for Credit Loss 292 (105)
Ending balance 1,457 1,165
CRE Nonowner Occupied    
Off-Balance-Sheet, Credit Loss, Liability [Roll Forward]    
Beginning balance 132 113
(Benefit)/Provision for Credit Loss 2 19
Ending balance 134 132
CRE Owner Occupied    
Off-Balance-Sheet, Credit Loss, Liability [Roll Forward]    
Beginning balance 98 106
(Benefit)/Provision for Credit Loss (5) (8)
Ending balance 93 98
Consumer    
Off-Balance-Sheet, Credit Loss, Liability [Roll Forward]    
Beginning balance 3 3
(Benefit)/Provision for Credit Loss 0 0
Ending balance 3 3
Farmland    
Off-Balance-Sheet, Credit Loss, Liability [Roll Forward]    
Beginning balance 92 108
(Benefit)/Provision for Credit Loss 5 (16)
Ending balance 97 92
HELOC and Junior Liens    
Off-Balance-Sheet, Credit Loss, Liability [Roll Forward]    
Beginning balance 92 100
(Benefit)/Provision for Credit Loss 38 (8)
Ending balance 130 92
Multifamily    
Off-Balance-Sheet, Credit Loss, Liability [Roll Forward]    
Beginning balance 27 24
(Benefit)/Provision for Credit Loss (15) 3
Ending balance 12 27
Other Construction & Land    
Off-Balance-Sheet, Credit Loss, Liability [Roll Forward]    
Beginning balance 792 1,036
(Benefit)/Provision for Credit Loss (50) (244)
Ending balance 742 792
Residential Construction    
Off-Balance-Sheet, Credit Loss, Liability [Roll Forward]    
Beginning balance 516 778
(Benefit)/Provision for Credit Loss (287) (262)
Ending balance 229 516
Residential First Liens    
Off-Balance-Sheet, Credit Loss, Liability [Roll Forward]    
Beginning balance 6 18
(Benefit)/Provision for Credit Loss (2) (12)
Ending balance $ 4 $ 6
v3.25.4
Earnings Per Share - Schedule of Computation of Basic and Diluted Earnings Per Common Share (Details) - USD ($)
$ / shares in Units, $ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Earnings Per Share [Abstract]      
Net income available to common shareholders $ 56,248 $ 49,437 $ 37,397
Weighted-average common shares outstanding - basic (in shares) 21,757,060 17,026,240 16,319,006
Dilutive effect of stock-based compensation (in shares) 265,415 44,622 31,957
Weighted-average common shares outstanding - diluted (in shares) 22,022,475 17,070,862 16,350,963
Basic earnings per common share (in dollars per share) $ 2.59 $ 2.90 $ 2.29
Diluted Earnings Per Common Share (in dollars per share) $ 2.55 $ 2.90 $ 2.29
v3.25.4
Earnings Per Share - Narrative (Details) - USD ($)
$ / shares in Units, $ in Thousands
 12 Months Ended
Apr. 30, 2025
Nov. 05, 2024
Nov. 04, 2024
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]            
Number of antidilutive shares (in shares)       9,691 0 0
Common stock, price per share (in dollars per share)     $ 29.50      
Proceeds from public offering of common stock       $ 0 $ 75,956 $ 0
Additional number of shares issued (in shares)     2,375,000      
William Penn Acquisition            
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]            
Equity interest issued or issuable, number of shares (in shares) 3,506,795          
Equity interest issued or issuable, additional number of shares (in shares) 538,447          
William Penn Acquisition | Restricted Stock Units (RSUs)            
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]            
Equity interest issued or issuable, additional number of shares (in shares) 215,386          
Public Stock Offering            
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]            
Common shares issued through follow-on public offering, net of underwriting discounts and offering expenses (in shares)   2,375,000        
Common stock, price per share (in dollars per share)   $ 29.50        
Proceeds from follow-on common stock public offering   $ 70,000        
Proceeds from public offering of common stock   $ 67,000        
Follow-on Public Offering            
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]            
Common stock, price per share (in dollars per share)   $ 28.025        
Additional number of shares issued (in shares)   356,250        
v3.25.4
Shareholders' Equity - Schedule of Components of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
AOCI Attributable to Parent, Net of Tax [Roll Forward]      
Beginning balance $ 655,018 $ 542,350 $ 512,099
OCI before reclassifications 10,550 (162) 2,596
Amounts reclassified from AOCI (48) (26) (17)
Ending balance 814,058 655,018 542,350
Unrealized Loss on Securities      
AOCI Attributable to Parent, Net of Tax [Roll Forward]      
Beginning balance (18,889) (17,339) (19,327)
OCI before reclassifications 11,918 (1,550) 1,988
Amounts reclassified from AOCI 0 0 0
Ending balance (6,971) (18,889) (17,339)
Unrealized Holding Losses on Interest Rate Derivatives used in Cash Flow Hedges      
AOCI Attributable to Parent, Net of Tax [Roll Forward]      
Beginning balance 1,485 820 0
OCI before reclassifications (1,676) 665 820
Amounts reclassified from AOCI 0 0 0
Ending balance (191) 1,485 820
Defined Benefit Plans      
AOCI Attributable to Parent, Net of Tax [Roll Forward]      
Beginning balance 579 (118) 111
OCI before reclassifications 308 723 (212)
Amounts reclassified from AOCI (48) (26) (17)
Ending balance 839 579 (118)
Accumulated Other Comprehensive (Loss) Income      
AOCI Attributable to Parent, Net of Tax [Roll Forward]      
Beginning balance (16,825) (16,637) (19,216)
Ending balance $ (6,323) $ (16,825) $ (16,637)
v3.25.4
Shareholders' Equity - Narrative (Details) - USD ($)
$ / shares in Units, $ in Millions
 12 Months Ended
Dec. 31, 2025
Apr. 23, 2025
Dec. 31, 2024
Class of Stock [Line Items]      
Common stock, par value (in dollars per share) $ 1.00   $ 1.00
Shares held in employee dividend reinvestment plan (in shares) 485,896    
Treasury Stock Repurchase Program      
Class of Stock [Line Items]      
Stock repurchase program, authorized amount   $ 15.0  
Stock repurchased during period (in shares) 79,169    
Share price (in dollars per share) $ 28.50    
Cumulative stock repurchased during period (in shares) 519,891    
Cumulative stock repurchased at average price per share (in dollars per share) $ 23.65    
Remaining authorized repurchase amount (in shares) $ 2.7    
v3.25.4
Stock-Based Compensation Plans - Narrative (Details) - USD ($)
$ in Thousands
 12 Months Ended
Apr. 30, 2025
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
William Penn Acquisition        
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]        
Equity interest issued or issuable, number of shares (in shares) 3,506,795      
Equity interest issued or issuable, additional number of shares (in shares) 538,447      
Number of unvested convertible shares (in shares)   134,618    
Restricted Stock Units (RSUs)        
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]        
Compensation expense   $ 2,100    
Unvested restricted stock   $ 1,100    
Restricted Stock Units (RSUs) | William Penn Acquisition        
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]        
Shares unvested (in shares)   53,822    
Equity interest issued or issuable, additional number of shares (in shares) 215,386      
Share-Based Payment Arrangement, Option        
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]        
Compensation expense   $ 1,000    
Unrecognized compensation cost related to all non-vested share-based compensation awards   $ 776    
Directors        
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]        
Restricted shares, vesting period   12 months    
Minimum | Employee        
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]        
Restricted shares, vesting period   1 year    
Maximum | Employee        
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]        
Restricted shares, vesting period   4 years    
2023 Stock Incentive Plan        
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]        
Aggregate shares granted (in shares)   550,000    
Granted (in shares)   314,804    
Shares unvested (in shares)   110,845    
Compensation expense   $ 4,500 $ 1,100  
2014 Restricted Stock Plan        
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]        
Granted (in shares)   66,445    
Shares unvested (in shares)   110,845 82,278  
Compensation expense   $ 1,999 $ 1,047 $ 1,103
Unrecognized compensation cost related to all non-vested share-based compensation awards   $ 2,700    
Weighted average recognition period (in years)   2 years 8 months 12 days    
v3.25.4
Stock-Based Compensation Plans - Schedule of Compensation Expense and Related Tax Benefits for Restricted Stock Awards Recognized (Details) - 2014 Restricted Stock Plan - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]      
Compensation expense $ 1,999 $ 1,047 $ 1,103
Tax benefit (420) (220) (232)
Net income effect $ 1,579 $ 827 $ 871
v3.25.4
Stock-Based Compensation Plans - Schedule of Restricted Stock Activity (Details) - 2014 Restricted Stock Plan
 12 Months Ended
Dec. 31, 2025
$ / shares
shares
Number of Shares  
Beginning balance (in shares) | shares 82,278
Vested (in shares) | shares (37,878)
Shares granted (in shares) | shares 66,445
Ending balance (in shares) | shares 110,845
Weighted-Average Grant-Date Fair Value  
Beginning balance (in dollars per share) | $ / shares $ 23.75
Vested (in dollars per share) | $ / shares 28.35
Granted (in dollars per share) | $ / shares 25.90
Ending balance (in dollars per share) | $ / shares $ 23.46
v3.25.4
Segment Reporting - Narrative (Details)
 12 Months Ended
Dec. 31, 2025
segment
Segment Reporting [Abstract]  
Number of Operating Segments 1
Number of reportable segments 1
v3.25.4
Segment Reporting - Schedule of Segment Reporting Information (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Segment Reporting Information [Line Items]      
Net Interest Income $ 199,095 $ 156,671 $ 146,973
Noninterest income 26,842 22,493 20,008
Noninterest expense 152,270 117,616 118,588
Provision for Income taxes 16,122 10,595 7,297
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS 56,248 49,437 37,397
Total assets 6,133,896 5,470,936  
Reportable Segment      
Segment Reporting Information [Line Items]      
Net Interest Income 199,095 156,671 146,973
Provision for credit losses - loans 1,297 1,516 3,699
Noninterest income 26,842 22,493 20,008
Noninterest expense 152,270 117,616 118,588
Provision for Income taxes 16,122 10,595 7,297
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS 56,248 49,437 37,397
Total assets $ 6,133,896 $ 5,470,936 $ 5,290,792
v3.25.4
Variable Interest Entities - Schedule of Variable Interest Entities (Details) - Variable Interest Entity, Not Primary Beneficiary - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Variable Interest Entity [Line Items]    
Income Tax Benefit $ 2,582 $ 2,163
Amortization of LIHTC investments $ 1,969 $ 2,290
v3.25.4
Variable Interest Entities - Narrative (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Variable Interest Entity [Line Items]    
Maximum loss exposure, amount $ 4.7 $ 2.8
Variable Interest Entity, Not Primary Beneficiary    
Variable Interest Entity [Line Items]    
Investment Program, Proportional Amortization Method, Applied, Amortization Expense, Statement of Income or Comprehensive Income [Extensible Enumeration] Provision for income taxes Provision for income taxes
Investment Program, Proportional Amortization Method, Applied, Amortization Expense, Statement of Cash Flows [Extensible Enumeration] Provision for income taxes Provision for income taxes
v3.25.4
Parent Company Statements - Condensed Balance Sheets (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
ASSETS        
Cash and cash equivalents $ 98,918 $ 70,564    
Other assets 56,173 50,326    
Total Assets 6,133,896 5,470,936    
LIABILITIES & SHAREHOLDERS’ EQUITY        
Other liabilities 34,856 33,071    
Shareholders' equity 814,058 655,018 $ 542,350 $ 512,099
Total Liabilities and Shareholders' Equity 6,133,896 5,470,936    
Parent Company        
ASSETS        
Cash and cash equivalents 3,479 83,209    
Investment in subsidiaries 808,102 617,476    
Other assets 3,775 1,423    
Total Assets 815,356 702,108    
LIABILITIES & SHAREHOLDERS’ EQUITY        
Subordinated debt 0 45,741    
Other liabilities 1,298 1,349    
Shareholders' equity 814,058 655,018    
Total Liabilities and Shareholders' Equity $ 815,356 $ 702,108    
v3.25.4
Parent Company Statements - Condensed Statement of Income (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Income      
Income Tax Benefit $ (16,122) $ (10,595) $ (7,297)
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS 56,248 49,437 37,397
Parent Company      
Income      
Other income 41 62 147
Total Income 41 62 147
Expenses 21,009 6,677 10,865
Loss before income tax and equity in undistributed earnings of subsidiaries (20,968) (6,615) (10,718)
Income Tax Benefit 4,114 1,549 2,932
Equity in undistributed earnings of subsidiaries 73,102 54,503 45,183
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS $ 56,248 $ 49,437 $ 37,397
v3.25.4
Parent Company Statements - Condensed Statement of Cash Flows (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES      
Net Income $ 56,248 $ 49,437 $ 37,397
Stock compensation expense 1,999 1,047 1,103
Net change in other assets (4,114) (4,988) 9,736
(Decrease)/increase in other liabilities (2,336) 2,264 (4,214)
Net Cash Provided By Operating Activities 80,035 51,388 52,341
CASH FLOWS FROM INVESTING ACTIVITIES      
Net cash received/(paid) from acquisitions 218,112 (2,676) 1,068
Net Cash Provided by (Used in) Investing Activities 83,169 (208,742) (408,925)
CASH FLOWS FROM FINANCING ACTIVITIES      
Dividends paid (18,160) (13,822) (12,981)
Employee and Director Stock Purchase Plans stock issuance 619 561 482
Proceeds from public offering of common stock 0 75,956 0
Treasury stock purchased (2,250) (323) (4,876)
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
Parent Company      
CASH FLOWS FROM OPERATING ACTIVITIES      
Net Income 56,248 49,437 37,397
Equity in undistributed earnings of subsidiaries (73,102) (54,503) (45,183)
Stock compensation expense 1,999 1,047 1,103
Amortization of debt issuance costs 5 7 7
Net change in other assets (2,352) 2,829 (3,407)
(Decrease)/increase in other liabilities (517) (854) (246)
Net Cash Provided By Operating Activities (17,719) (2,037) (10,329)
CASH FLOWS FROM INVESTING ACTIVITIES      
Net cash received/(paid) from acquisitions 4,772 0 (25,574)
Investment in subsidiary (8,588) 12,810 71,493
Net Cash Provided by (Used in) Investing Activities (3,816) 12,810 45,919
CASH FLOWS FROM FINANCING ACTIVITIES      
Dividends paid (18,160) (13,822) (12,981)
Proceeds from public offering of common stock 0 75,956 0
Treasury stock purchased (2,250) (323) (4,876)
Riverview restricted stock 6,876 0 0
Subordinated debt and trust preferred securities redemption (45,280) 0 (10,000)
Net Cash (Used in)/Provided by Financing Activities (58,195) 62,372 (27,375)
Net increase/(decrease) in cash and cash equivalents (79,730) 73,145 8,215
Cash and cash equivalents, beginning of period 83,209 10,064 1,849
Cash and cash equivalents, end of period 3,479 83,209 10,064
Parent Company | Employee      
CASH FLOWS FROM FINANCING ACTIVITIES      
Employee and Director Stock Purchase Plans stock issuance $ 619 $ 561 $ 482