MID PENN BANCORP INC, 10-Q filed on 11/6/2025
Quarterly Report
v3.25.3
Cover - shares
 9 Months Ended
Sep. 30, 2025
Oct. 31, 2025
Cover [Abstract]    
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Sep. 30, 2025  
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, $1.00 par value per share  
Trading Symbol MPB  
Security Exchange Name NASDAQ  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Accelerated Filer  
Entity Emerging Growth Company false  
Entity Small Business false  
Entity Shell Company false  
Entity Common Stock, Shares Outstanding   23,048,496
Current Fiscal Year End Date --12-31  
Document Fiscal Year Focus 2025  
Document Fiscal Period Focus Q3  
Entity Central Index Key 0000879635  
Amendment Flag false  
v3.25.3
CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
ASSETS    
Cash and due from banks $ 18,013 $ 37,002
Interest-bearing balances with other financial institutions 24,736 14,490
Federal funds sold 214,420 19,072
Total Cash and cash equivalents 257,169 70,564
Investment securities:    
HTM, at amortized cost (fair value $325,606 and $340,648, respectively) 354,094 382,447
AFS, at fair value (amortized cost $439,853 and $284,770, respectively) 427,352 260,477
Equity securities, at fair value 442 428
Loans held for sale, at fair value 6,085 7,064
Loans, net of unearned income 4,821,134 4,443,070
Less: ACL - Loans (37,337) (35,514)
Net loans 4,783,797 4,407,556
Premises and equipment, net 48,491 38,806
Operating lease right of use asset 15,700 7,699
Finance lease right of use asset 2,413 2,548
Cash surrender value of life insurance 95,015 51,521
Restricted investment in bank stocks 6,737 7,461
Accrued interest receivable 29,705 26,846
Deferred income taxes 27,475 22,747
Goodwill 136,620 128,160
Core deposit and other intangibles, net 15,586 6,242
Foreclosed assets held for sale 9,346 44
Other assets 51,322 50,326
Total Assets 6,267,349 5,470,936
Deposits:    
Noninterest-bearing demand 836,374 759,169
Interest-bearing transaction accounts 2,858,082 2,319,753
Time 1,648,264 1,611,005
Total Deposits 5,342,720 4,689,927
Short-term borrowings 0 2,000
Long-term debt 23,258 23,603
Subordinated debt 37,149 45,741
Operating lease liability 15,973 8,092
Accrued interest payable 16,460 13,484
Other liabilities 35,466 33,071
Total Liabilities 5,471,026 4,815,918
Shareholders' Equity:    
Common stock, par value $1.00 per share; 40,000,000 shares authorized at September 30, 2025 and December 31, 2024; 23,550,614 issued at September 30, 2025 and 19,796,519 at December 31, 2024; 23,039,223 outstanding at September 30, 2025 and 19,355,797 at December 31, 2024 23,551 19,797
Additional paid-in capital 588,405 480,491
Retained earnings 205,320 181,597
Accumulated other comprehensive loss (8,907) (16,825)
Treasury stock, at cost; 511,391 shares at September 30, 2025 and 440,722 at December 31, 2024 (12,046) (10,042)
Total Shareholders’ Equity 796,323 655,018
Total Liabilities and Shareholders' Equity $ 6,267,349 $ 5,470,936
v3.25.3
CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parenthetical) - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Statement of Financial Position [Abstract]    
Held-to-maturity securities $ 325,606 $ 340,648
Available-for-sale, amortized cost $ 439,853 $ 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) 23,550,614 19,796,519
Common stock, outstanding (in shares) 23,039,223 19,355,797
Treasury stock (in shares) 511,391 440,722
v3.25.3
CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
INTEREST INCOME        
Loans, including fees $ 76,262 $ 68,080 $ 215,268 $ 197,412
Investment securities:        
Taxable 6,614 4,136 15,711 12,319
Tax-exempt 331 359 1,023 1,106
Other interest-bearing balances 196 223 476 973
Federal funds sold 3,463 1,043 6,152 1,461
Total Interest Income 86,866 73,841 238,630 213,271
INTEREST EXPENSE        
Deposits 32,631 30,689 91,876 85,484
Short-term borrowings 0 2,296 376 10,066
Long-term and subordinated debt 606 687 2,034 2,330
Total Interest Expense 33,237 33,672 94,286 97,880
Net Interest Income 53,629 40,169 144,344 115,391
(Benefit)/provision for credit losses - loans (187) 621 2,379 1,784
Benefit for credit losses - credit commitments (247) (105) (243) (601)
Net (benefit)/provision for credit losses (434) 516 2,136 1,183
Net Interest Income After Provision/Benefit for Credit Losses 54,063 39,653 142,208 114,208
NONINTEREST INCOME        
Net gain on sales of SBA loans 0 151 120 332
Earnings from cash surrender value of life insurance 605 276 1,370 861
Other 3,509 1,269 7,118 5,390
Total Noninterest Income 8,183 5,178 19,565 16,344
NONINTEREST EXPENSE        
Salaries and employee benefits 20,941 16,156 58,003 47,151
Software licensing and utilization 3,310 2,366 9,156 6,694
Occupancy, net 2,642 1,815 7,281 5,658
Equipment 1,248 1,206 3,590 3,715
Shares tax 1,006 824 2,531 1,945
Legal and professional fees 1,070 1,613 2,889 3,300
ATM/card processing 557 606 1,911 1,650
Intangible amortization 944 460 2,116 1,313
FDIC Assessment 422 1,150 2,406 3,327
Loss/(gain) on sale of foreclosed assets, net 471 (35) 443 7
Merger and acquisition 233 109 11,558 109
Other 5,138 3,689 14,538 11,834
Total Noninterest Expense 37,982 29,959 116,422 86,703
INCOME BEFORE PROVISION FOR INCOME TAXES 24,264 14,872 45,351 43,849
Provision for income taxes 5,967 2,571 8,550 7,644
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS $ 18,297 $ 12,301 $ 36,801 $ 36,205
PER COMMON SHARE DATA:        
Basic Earnings Per Common Share (in dollars per share) $ 0.80 $ 0.74 $ 1.73 $ 2.18
Diluted Earnings Per Common Share (in dollars per share) $ 0.79 $ 0.74 $ 1.70 $ 2.18
Weighted-average basic shares outstanding (in shares) 23,005,504 16,612,657 21,322,698 16,585,719
Weighted-average diluted shares outstanding (in shares) 23,277,567 16,657,169 21,587,719 16,625,559
Fiduciary and wealth management        
NONINTEREST INCOME        
Non-interest Income $ 1,340 $ 1,204 $ 3,886 $ 3,465
ATM debit card interchange        
NONINTEREST INCOME        
Non-interest Income 1,019 962 2,896 2,880
Service charges on deposits        
NONINTEREST INCOME        
Non-interest Income 647 549 1,861 1,597
Mortgage banking        
NONINTEREST INCOME        
Non-interest Income 1,013 768 2,280 1,820
Mortgage hedging        
NONINTEREST INCOME        
Non-interest Income $ 50 $ (1) $ 34 $ (1)
v3.25.3
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Statement of Comprehensive Income [Abstract]        
Net income $ 18,297 $ 12,301 $ 36,801 $ 36,205
Other comprehensive income:        
Unrealized gains arising during the period on available for sale securities, net of income tax. 3,193 6,436 9,604 4,524
Unrealized holding losses arising during the period on interest rate derivatives used in cash flow hedges, net of income tax. (334) (2,427) (1,656) (989)
Change in defined benefit plans, net of income tax [1] (10) (2) (4) 3
Reclassification adjustment for settlement gains and activity related to benefit plans, net of income tax [2] 0 0 (26) (17)
Total other comprehensive income 2,849 4,007 7,918 3,521
Total comprehensive income $ 21,146 $ 16,308 $ 44,719 $ 39,726
[1] The change in defined benefit plans consists primarily of unrecognized actuarial gains on defined benefit plans during the period.
[2] The reclassification adjustment for 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 total noninterest income.
v3.25.3
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY (UNAUDITED) - USD ($)
$ in Thousands
Total
Common Stock
Common Stock
Additional Paid-in Capital
Retained Earnings
Accumulated Other Comprehensive (Loss) Income
Treasury Stock
Beginning balance (in shares) at Dec. 31, 2023   16,998,929          
Beginning balance at Dec. 31, 2023 $ 542,350 $ 16,999   $ 405,725 $ 145,982 $ (16,637) $ (9,719)
Net income 12,133       12,133    
Total other comprehensive income (loss) (310)         (310)  
Common stock cash dividends declared, $0.20 per share (3,314)       (3,314)    
Repurchased stock (323)           (323)
Employee Stock Purchase Plan (in shares)   5,653          
Employee Stock Purchase Plan 112 $ 5   107      
Director Stock Purchase Plan (in shares)   1,777          
Director Stock Purchase Plan 36 $ 2   34      
Restricted stock activity 284     284      
Ending balance (in shares) at Mar. 31, 2024   17,006,359          
Ending balance at Mar. 31, 2024 550,968 $ 17,006   406,150 154,801 (16,947) (10,042)
Beginning balance (in shares) at Dec. 31, 2023   16,998,929          
Beginning balance at Dec. 31, 2023 542,350 $ 16,999   405,725 145,982 (16,637) (9,719)
Net income 36,205            
Total other comprehensive income (loss) 3,521            
Ending balance (in shares) at Sep. 30, 2024   17,060,896          
Ending balance at Sep. 30, 2024 573,059 $ 17,061   406,922 172,234 (13,116) (10,042)
Beginning balance (in shares) at Mar. 31, 2024   17,006,359          
Beginning balance at Mar. 31, 2024 550,968 $ 17,006   406,150 154,801 (16,947) (10,042)
Net income 11,771       11,771    
Total other comprehensive income (loss) (176)         (176)  
Common stock cash dividends declared, $0.20 per share (3,316)       (3,316)    
Employee Stock Purchase Plan (in shares)   5,123          
Employee Stock Purchase Plan 103 $ 5   98      
Director Stock Purchase Plan (in shares)   1,389          
Director Stock Purchase Plan 30 $ 1   29      
Restricted stock activity (in shares)   38,365          
Restricted stock activity 306   $ 39 267      
Ending balance (in shares) at Jun. 30, 2024   17,051,236          
Ending balance at Jun. 30, 2024 559,686 $ 17,051   406,544 163,256 (17,123) (10,042)
Net income 12,301       12,301    
Total other comprehensive income (loss) 4,007         4,007  
Common stock cash dividends declared, $0.20 per share (3,323)       (3,323)    
Employee Stock Purchase Plan (in shares)   5,565          
Employee Stock Purchase Plan 122 $ 6   116      
Director Stock Purchase Plan (in shares)   1,021          
Director Stock Purchase Plan 31 $ 1   30      
Restricted stock activity (in shares)   3,074          
Restricted stock activity 235   3 232      
Ending balance (in shares) at Sep. 30, 2024   17,060,896          
Ending balance at Sep. 30, 2024 $ 573,059 $ 17,061   406,922 172,234 (13,116) (10,042)
Beginning balance (in shares) at Dec. 31, 2024 19,355,797 19,796,519          
Beginning balance at Dec. 31, 2024 $ 655,018 $ 19,797   480,491 181,597 (16,825) (10,042)
Net income 13,742       13,742    
Total other comprehensive income (loss) 2,662         2,662  
Common stock cash dividends declared, $0.20 per share (3,870)       (3,870)    
Employee Stock Purchase Plan (in shares)   5,311          
Employee Stock Purchase Plan 137 $ 5   132      
Director Stock Purchase Plan (in shares)   986          
Director Stock Purchase Plan 26 $ 1   25      
Restricted stock activity 218     218      
Ending balance (in shares) at Mar. 31, 2025   19,802,816          
Ending balance at Mar. 31, 2025 $ 667,933 $ 19,803   480,866 191,469 (14,163) (10,042)
Beginning balance (in shares) at Dec. 31, 2024 19,355,797 19,796,519          
Beginning balance at Dec. 31, 2024 $ 655,018 $ 19,797   480,491 181,597 (16,825) (10,042)
Net income 36,801            
Total other comprehensive income (loss) $ 7,918            
Ending balance (in shares) at Sep. 30, 2025 23,039,223 23,550,614          
Ending balance at Sep. 30, 2025 $ 796,323 $ 23,551   588,405 205,320 (8,907) (12,046)
Beginning balance (in shares) at Mar. 31, 2025   19,802,816          
Beginning balance at Mar. 31, 2025 667,933 $ 19,803   480,866 191,469 (14,163) (10,042)
Net income 4,762       4,762    
Total other comprehensive income (loss) 2,407         2,407  
Common stock cash dividends declared, $0.20 per share (4,657)       (4,657)    
Common stock issued in business combination (in shares) [1]   3,506,795          
Common stock issued in business combination [1] 103,206 $ 3,507   99,699      
Stock options exercised (in shares)   31,323          
Stock options exercised 3,364 $ 31   3,333      
Repurchased stock (1,778)           (1,778)
Employee Stock Purchase Plan (in shares)   4,636          
Employee Stock Purchase Plan 120 $ 5   115      
Director Stock Purchase Plan (in shares)   901          
Director Stock Purchase Plan 25 $ 1   24      
Restricted stock activity (in shares)   72,257          
Restricted stock activity 326   72 254      
Ending balance (in shares) at Jun. 30, 2025   23,418,728          
Ending balance at Jun. 30, 2025 775,708 $ 23,419   584,291 191,574 (11,756) (11,820)
Net income 18,297       18,297    
Total other comprehensive income (loss) 2,849         2,849  
Common stock cash dividends declared, $0.20 per share (4,551)       (4,551)    
Stock options exercised (in shares)   108,548          
Stock options exercised 3,161 $ 109   3,052      
Repurchased stock (226)           (226)
Employee Stock Purchase Plan (in shares)   5,067          
Employee Stock Purchase Plan 145 $ 5   140      
Director Stock Purchase Plan (in shares)   893          
Director Stock Purchase Plan 26 $ 1   25      
Restricted stock activity (in shares)   17,378          
Restricted stock activity $ 914   $ 17 897      
Ending balance (in shares) at Sep. 30, 2025 23,039,223 23,550,614          
Ending balance at Sep. 30, 2025 $ 796,323 $ 23,551   $ 588,405 $ 205,320 $ (8,907) $ (12,046)
[1] 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.
v3.25.3
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY (UNAUDITED) (Parenthetical) - $ / shares
 3 Months Ended
Sep. 30, 2025
Jun. 30, 2025
Mar. 31, 2025
Sep. 30, 2024
Jun. 30, 2024
Mar. 31, 2024
Statement of Stockholders' Equity [Abstract]            
Common stock cash dividends declared (in dollars per share) $ 0.22 $ 0.20 $ 0.20 $ 0.20 $ 0.20 $ 0.20
v3.25.3
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Operating Activities:    
Net Income $ 36,801 $ 36,205
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 2,136 1,183
Depreciation 3,492 3,666
Amortization of intangibles 2,116 1,313
Net amortization of security discounts/premiums 189 305
Noncash operating lease expense 2,119 1,563
Amortization of finance lease right of use asset 135 135
Earnings on cash surrender value of life insurance (1,370) (861)
Mortgage loans originated for sale (33,288) (84,379)
Proceeds from sales of mortgage loans originated for sale 36,547 82,135
Gain on sale of mortgage loans (2,280) (1,820)
SBA loans originated for sale (1,783) (4,375)
Proceeds from sales of SBA loans originated for sale 1,903 4,707
Gain on sale of SBA loans (120) (332)
Gain on sale of property, plant, and equipment (10) (10)
Loss on sale or write-down of foreclosed assets 443 7
Discount on subordinated debt (462) (460)
Stock compensation expense 1,458 825
Change in deferred income taxes 7,378 80
Increase in accrued interest receivable (588) (1,466)
Decrease in other assets 7,007 1,065
Increase in accrued interest payable 2,947 4,738
Increase/(decrease) in operating lease liability 4,101 (1,507)
(Decrease)/increase in other liabilities (2,094) 4,575
Net Cash Provided By Operating Activities 66,777 47,292
Investing Activities:    
Proceeds from the maturity or call of available-for-sale securities 34,397 22,050
Purchases of available-for-sale securities (189,394) (48,051)
Proceeds from the maturity or call of held-to-maturity securities 28,176 12,261
Stock dividends received on FHLB and other bank stock 330 1,136
Reduction of restricted investment in bank stock 394 5,043
Net cash received from acquisitions 218,113 (2,676)
Net decrease/(increase) in loans 17,077 (178,910)
Purchases of bank premises and equipment (6,429) (664)
Proceeds from the sale of premises and equipment 120 152
Proceeds from the sale of foreclosed assets 72 195
Proceeds from bank-owned life insurance 804 2,223
Net change in investments in tax credits and other partnerships 1,688 (407)
Net Cash Provided by (Used in) Investing Activities 105,348 (187,648)
Financing Activities:    
Net increase in deposits 33,033 360,552
Common stock dividends paid (13,078) (9,953)
Proceeds from Employee and Director Stock Purchase Plan stock issuance 479 434
Treasury stock purchased (2,004) (323)
Net change in finance lease liability (109) (98)
Increase in short-term borrowings 222,750 937,960
Repayment of short-term borrowings (224,750) (1,065,395)
Long-term debt repayment (236) (35,189)
Subordinated debt redemption (8,130) 0
Exercise of stock options 6,525 0
Net Cash Provided by Financing Activities 14,480 187,988
Net increase in cash and cash equivalents 186,605 47,632
Cash and cash equivalents, beginning of period 70,564 96,763
Cash and cash equivalents, end of period 257,169 144,395
Supplemental Disclosures of Cash Flow Information:    
Cash paid for interest 91,310 93,142
Cash paid for income taxes 399 291
Supplemental Noncash Disclosures:    
Recognition of operating lease right of use assets 3,780 0
Recognition of operating lease liabilities 3,780 0
Loans transferred to foreclosed assets held for sale 9,817 164
Fair value of assets acquired in business combinations, excluding cash [1] 687,522 1,547
Goodwill recorded [1] 8,460 1,129
Fair value of liabilities assumed in business combination [1] $ 630,181 $ 0
Fair value of shares issued in business combination (in shares) [2] 103,213,000 0
[1] Includes the impact of the William Penn acquisition on April 30, 2025 and the Charis Insurance Group acquisition on May 12, 2025. See "Note 2 - Business Combinations" to the Consolidated Financial Statements for more information.
[2] Includes the impact of the William Penn acquisition on April 30, 2025.
v3.25.3
Summary of Significant Accounting Policies
 9 Months Ended
Sep. 30, 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. 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 and five counties 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 five wholly-owned nonbank subsidiaries, MPB Realty Holding, LLC, MPB Financial Services, LLC, MPB Wealth Management, LLC (which ceased operating during the first quarter
of 2024), MPB Risk Services, LLC, and MPB Launchpad Fund I, LLC. As of September 30, 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.
Certain information and disclosures normally included in consolidated financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to the rules and regulations of the SEC. Mid Penn believes the information presented is not misleading, and the disclosures are adequate. For comparative purposes, the September 30, 2024 and December 31, 2024 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. These unaudited interim consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the 2024 Annual Report.
Subsequent Events
Mid Penn has evaluated events and transactions occurring subsequent to the balance sheet date of September 30, 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 or disclosure to the financial statements.
Use of Estimates
The preparation of financial statements in conformity with 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, the expected cash flows and collateral values associated with loans that are individually evaluated for credit losses, 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.
Accounting Standards adopted and Updated Significant Accounting Policy
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 the Corporation's financial statements.
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 amendments are effective for annual periods beginning after December 15, 2024. ASU 2023-09 is not expected to have a significant impact on the Corporation's financial statements.

ASU 2024-01—The FASB issued ASU 2024-01, Compensation - Stock Compensation (Topic 718): Scope application of profits interest and similar awards.

The amendments in the ASU apply to all reporting entities that account for profits interest awards as compensation to employees or nonemployees in return for goods or services. The amendments are effective for annual periods beginning after December 15, 2025, and interim periods within those annual periods. ASU 2024-01 is not expected to have a significant impact on the Corporation's 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 amendments are effective for fiscal years beginning after December 15, 2025. Early adoption is permitted. ASU 2024-02 is not expected to have a significant impact on the Corporation's 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 ASU 2020-06. 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.
v3.25.3
Business Combinations
 9 Months Ended
Sep. 30, 2025
Business Combination [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 nine months ended September 30, 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 the 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 expenses related to the William Penn acquisition of $3 thousand and $11.2 million for the three and nine months ended September 30, 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 PCD loans and leases of $358
thousand. The non-credit discount on the PCD loans and leases was $15 thousand and the Day 1 fair value was $343 thousand. The initial provision expense for non-PCD loans associated with the William Penn acquisition was $2.3 million.
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 taxes14,252 
Accrued interest receivable2,271 
Other assets11,094 
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 acquired$726,537 
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 this measurement period, Mid Penn may record subsequent adjustments to goodwill for provisional amounts recorded at the merger date, with provisional merger-related tax adjustments.
From the acquisition date of April 30, 2025 through September 30, 2025, William Penn contributed approximately $5.0 million of total revenue and $255 thousand of net loss to Mid Penn's consolidated results for the three months ended September 30, 2025. For the nine months ended September 30, 2025, William Penn contributed approximately $9.5 million of total revenue and $438 thousand of net income to Mid Penn's consolidated results.

The following supplemental pro forma information presents certain financial results for the three and nine months ended September 30, 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.

(In thousands)Three Months Ended September 30, Nine Months Ended September 30,
2025202420252024
Net interest income after provision for credit losses - loans$54,063 $44,189 $150,492 $127,546 
Noninterest income8,183 5,828 20,700 18,352 
Noninterest expense37,982 35,282 116,601 102,583 
Net income$18,297 $12,280 $37,229 $36,162 

1st Colonial Bancorp, Inc. Acquisition
On September 24, 2025, Mid Penn entered into a Merger Agreement with 1st Colonial Bancorp, Inc., in a cash and stock deal valued at nearly $101 million. The Merger Agreement provides that, upon the terms and subject to the conditions set forth therein, 1st Colonial will merge with and into Mid Penn, with Mid Penn surviving in the Merger. Promptly following the Merger, the Bank will merge with and into 1st Colonial's wholly owned bank subsidiary, 1st Colonial Community Bank, with the Bank surviving in the Bank Merger. The Merger Agreement was unanimously approved and adopted by the board of directors of each of Mid Penn and 1st Colonial.

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, other than certain shares held by Mid Penn, will be 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. The deal is expected to close in the first or second quarter of 2026, subject to the satisfaction of customary closing conditions, including the receipt of required regulatory approvals and approval by 1st Colonial shareholders.
Cumberland Advisors Acquisition
On September 25, 2025, Mid Penn entered into an agreement to acquire Cumberland Advisors, Inc. for a purchase price of at closing of $5.5 million. Seventy percent of the purchase price will be paid in Mid Penn common stock and the balance in cash. The agreement provides for the potential cash payment by Mid Penn of up to an additional $1.0 million pursuant to an earn-out and the issuance of approximately 200,000 stock appreciation rights having a maximum aggregate value of $1.2 million. Cumberland Advisors, a registered investment advisory firm, recorded a year-to-date annualized revenue of $9.0 million as of the quarter ended June 30, 2025, and is expected to bring approximately $3.3 billion of new assets under management to the combined company. The deal is expected to close in the first quarter of 2026, subject to customary closing conditions.
v3.25.3
Investment Securities
 9 Months Ended
Sep. 30, 2025
Securities Financing Transactions Disclosures [Abstract]  
Investment Securities Investment Securities
AFS Securities
At September 30, 2025, the fair value of AFS securities totaled $427.4 million. At September 30, 2025, no securities were identified that violated 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. At September 30, 2025, accrued interest receivable totaled $2.0 million for AFS securities, and was reported in accrued interest receivable on the accompanying Consolidated Balance Sheet.
HTM Securities
At September 30, 2025, Mid Penn’s HTM securities totaled $354.1 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 September 30, 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.
At September 30, 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 at September 30, 2025. Therefore, no allowance for credit losses was recorded as of September 30, 2025.
Accrued interest receivable is excluded from the estimate of credit losses for HTM securities. At September 30, 2025, accrued interest receivable totaled $2.0 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:
September 30, 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$20,420 $— $478 $19,942 
Mortgage-backed U.S. government agencies375,088 3,200 12,665 365,623 
State and political subdivision obligations4,334 — 556 3,778 
Corporate debt securities40,011 211 2,213 38,009 
Total available-for-sale debt securities$439,853 $3,411 $15,912 $427,352 
Held-to-maturity
U.S. Treasury and U.S. government agencies$233,545 $— $18,568 $214,977 
Mortgage-backed U.S. government agencies33,586 1 3,990 29,597 
State and political subdivision obligations71,517 6 4,585 66,938 
Corporate debt securities15,446 — 1,352 14,094 
Total held-to-maturity debt securities354,094 7 28,495 325,606 
Total$793,947 $3,418 $44,407 $752,958 
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 8 - Fair Value Measurement," for additional information.
Investment securities having a fair value of $520.6 million at September 30, 2025 and $440.0 million at 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 $160.5 million as of September 30, 2025 and $156.0 million as of December 31, 2024.
The following tables present gross unrealized losses and fair value of debt investment securities aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position for the periods presented:
(Dollars in thousands)Less Than 12 Months12 Months or MoreTotal
September 30, 2025Number
of
Securities		Estimated
Fair
Value		Gross
Unrealized
Losses		Number
of
Securities		Estimated
Fair
Value		Gross
Unrealized
Losses		Number
of
Securities		Estimated
Fair
Value		Gross
Unrealized
Losses
Available-for-sale debt securities:
U.S. Treasury and U.S. government agencies—$— $— 11$19,942 $478 11$19,942 $478 
Mortgage-backed U.S. government agencies24208,331 99 93157,292 12,566 117365,623 12,665 
State and political subdivision obligations136 — 83,742 556 93,778 556 
Corporate debt securities513,331 53 1624,678 2,160 2138,009 2,213 
Total available-for-sale debt securities30$221,698 $152 128$205,654 $15,760 158$427,352 $15,912 
Held-to-maturity debt securities:
U.S. Treasury and U.S. government agencies—$— $— 138$214,977 $18,568 138$214,977 $18,568 
Mortgage-backed U.S. government agencies4436 — 6029,161 3,990 6429,597 3,990 
State and political subdivision obligations144,741 — 14862,197 4,585 16266,938 4,585 
Corporate debt securities33,365 131 910,729 1,221 1214,094 1,352 
Total held-to-maturity debt securities218,542 131 355317,064 28,364 376325,606 28,495 
Total51$230,240 $283 483$522,718 $44,124 534$752,958 $44,407 
(Dollars in thousands)Less Than 12 Months12 Months or MoreTotal
December 31, 2024Number
of
Securities		Estimated
Fair
Value		Gross
Unrealized
Losses		Number
of
Securities		Estimated
Fair
Value		Gross
Unrealized
Losses		Number
of
Securities		Estimated
Fair
Value		Gross
Unrealized
Losses
Available-for-sale securities:
U.S. Treasury and U.S. government agencies—$— $— 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 
At September 30, 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.

Mid Penn had no securities considered by management to be credit related losses as of September 30, 2025 and 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 were no gross realized gains and losses on sales of available-for-sale debt securities for the nine months ended September 30, 2025 and 2024.
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
September 30, 2025Amortized
Cost		Fair
Value		Amortized
Cost		Fair
Value
Due in 1 year or less$2,000 $1,968 $21,743 $21,595 
Due after 1 year but within 5 years24,421 23,999 144,471 137,243 
Due after 5 years but within 10 years37,500 35,109 141,657 126,560 
Due after 10 years844 653 12,637 10,611 
64,765 61,729 320,508 296,009 
Mortgage-backed securities375,088 365,623 33,586 29,597 
$439,853 $427,352 $354,094 $325,606 
v3.25.3
Loans and Allowance for Credit Losses - Loans
 9 Months Ended
Sep. 30, 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)September 30, 2025December 31, 2024
Commercial real estate
CRE Nonowner Occupied$1,320,394 $1,251,010 
CRE Owner Occupied700,019 624,007 
Multifamily445,412 412,900 
Farmland224,423 224,709 
Total Commercial real estate2,690,248 2,512,626 
Commercial and industrial
724,106 705,392 
Construction
Residential Construction91,502 99,399 
Other Construction290,326 326,171 
Total Construction381,828 425,570 
Residential mortgage
1-4 Family 1st Lien430,504 313,592 
1-4 Family Rental411,653 336,636 
HELOC and Junior Liens174,953 140,392 
Total Residential Mortgage1,017,110 790,620 
Consumer7,842 8,862 
Total loans$4,821,134 $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 September 30, 2025 and December 31, 2024, respectively.
Accrued interest receivable is not included in the amortized cost basis of Mid Penn's loans. Accrued interest receivable for loans totaled $25.1 million and $22.9 million as of September 30, 2025 and December 31, 2024, respectively, with no related ACL and was reported in other assets on the accompanying Consolidated Balance Sheet.
Past Due and Nonaccrual Loans
The performance and credit quality of the loan portfolio is 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 September 30, 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
September 30, 2025
Commercial real estate
CRE Nonowner Occupied$83 $— $5,740 $5,823 $1,314,571 $1,320,394 $— 
CRE Owner Occupied3,266 12 1,193 4,471 695,548 700,019 — 
Multifamily537 — — 537 444,875 445,412 — 
Farmland1,781 1,191 46 3,018 221,405 224,423 — 
Total Commercial real estate5,667 1,203 6,979 13,849 2,676,399 2,690,248 — 
Commercial and industrial3,374 720 1,058 5,152 718,954 724,106 — 
Construction
Residential Construction— — — — 91,502 91,502 — 
Other Construction— — — — 290,326 290,326 — 
Total Construction— — — — 381,828 381,828 — 
Residential mortgage
1-4 Family 1st Lien6,765 143 589 7,497 423,007 430,504 — 
1-4 Family Rental1,351 107 855 2,313 409,340 411,653 — 
HELOC and Junior Liens1,480 320 2,005 3,805 171,148 174,953 160 
Total Residential Mortgage9,596 570 3,449 13,615 1,003,495 1,017,110 160 
Consumer73 — 17 90 7,752 7,842 — 
Total$18,710 $2,493 $11,503 $32,706 $4,788,428 $4,821,134 $160 

(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.
Nonaccrual loans by loan portfolio class, including loans acquired with credit deterioration, as of September 30, 2025 and December 31, 2024 are summarized as follows:
September 30, 2025December 31, 2024
(In thousands)With a Related AllowanceWithout a Related AllowanceTotalWith a Related AllowanceWithout a Related AllowanceTotal
Commercial real estate
CRE Nonowner Occupied$3,730 $2,009 $5,739 $2,622 $11,153 $13,775 
CRE Owner Occupied1,036 1,798 2,834 — 546 546 
Multifamily— 138 138 — 154 154 
Farmland— 46 46 — — — 
Total Commercial real estate4,766 3,991 8,757 2,622 11,853 14,475 
Commercial and industrial4,725 471 5,196 758 3,894 4,652 
Construction
Residential Construction— — — — — — 
Other Construction— — — — — — 
Total Construction— — — — — — 
Residential mortgage
1-4 Family 1st Lien24 1,179 1,203 — 1,028 1,028 
1-4 Family Rental— 903 903 — 176 176 
HELOC and Junior Liens— 1,881 1,881 — 2,279 2,279 
Total Residential Mortgage24 3,963 3,987 — 3,483 3,483 
Consumer— 17 17 — — — 
Total loans$9,515 $8,442 $17,957 $3,380 $19,230 $22,610 
The amount of interest income recognized on nonaccrual loans was approximately $840 thousand and $165 thousand during the three months ended September 30, 2025 and 2024, respectively. During the nine months ended September 30, 2025 and 2024, the amount of interest income recognized on nonaccrual loans was approximately $1.6 million and $456 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 according 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.
September 30, 2025
Term Loans Amortized Cost Basis by Origination YearRevolving Loans Amortized
Cost Basis
(In thousands)20252024202320222021PriorTotal
CRE Nonowner Occupied
Pass$83,617 $99,277 $192,396 $362,466 $157,969 $397,068 $13,382 $1,306,175 
Special mention— — — — — 1,946 — 1,946 
Substandard or lower— — 1,540 — — 10,733 — 12,273 
Total CRE Nonowner Occupied83,617 99,277 193,936 362,466 157,969 409,747 13,382 1,320,394 
Gross charge offs— — — (691)— — — (691)
Current period recoveries— — — 8 — 3 — 11 
Net charge offs— — — (683)— 3 — (680)
CRE Owner Occupied
Pass77,697 68,705 95,610 109,290 68,228 254,011 15,299 688,840 
Special mention— — 922 1,570 173 2,593 — 5,258 
Substandard or lower— 527 — 3,258 182 1,954 — 5,921 
Total CRE Owner Occupied77,697 69,232 96,532 114,118 68,583 258,558 15,299 700,019 
Gross charge offs— — — — — — — — 
Current period recoveries— — — — — — — — 
Net recoveries— — — — — — — — 
Multifamily
Pass28,655 4,848 68,540 156,752 83,602 98,606 4,226 445,229 
Special mention— — — — — 45 — 45 
Substandard or lower— — — — — 138 — 138 
Total Multifamily28,655 4,848 68,540 156,752 83,602 98,789 4,226 445,412 
Gross charge offs— — — — — — — — 
Current period recoveries— — — — — — — — 
Net charge offs— — — — — — — — 
Farmland
Pass21,257 24,468 25,838 52,004 37,734 45,709 14,635 221,645 
Special mention— — 404 — 2,328 — — 2,732 
Substandard or lower— — — — — 46 — 46 
Total Farmland21,257 24,468 26,242 52,004 40,062 45,755 14,635 224,423 
Gross charge offs— — — — — — — — 
Current period recoveries— — — — — — — — 
Net charge offs— — — — — — — — 
Commercial and industrial
Pass81,235 104,436 76,504 69,775 46,335 95,752 228,622 702,659 
Special mention— 116 1,199 107 865 1,506 — 3,793 
Substandard or lower— — 9,917 600 471 1,303 5,363 17,654 
Total Commercial and industrial81,235 104,552 87,620 70,482 47,671 98,561 233,985 724,106 
Gross charge offs— — — — — (294)— (294)
Current period recoveries— — 1 — — 8 — 9 
Net charge offs— — 1 — — (286)— (285)
Residential Construction
Pass17,771 39,225 21,261 1,738 — — 11,507 91,502 
Special mention— — — — — — — — 
Substandard or lower— — — — — — — — 
Total Residential Construction17,771 39,225 21,261 1,738 — — 11,507 91,502 
Gross charge offs— — — — — — — — 
Current period recoveries— — — — — — — — 
Net recoveries— — — — — — — — 
Other Construction
Pass42,922 74,938 78,482 43,541 7,848 14,728 27,867 290,326 
Special mention— — — — — — — — 
Substandard or lower— — — — — — — — 
Total Other Construction42,922 74,938 78,482 43,541 7,848 14,728 27,867 290,326 
Gross charge offs— — — — — — — — 
Current period recoveries— — — — — — — — 
Net recoveries— — — — — — — — 
1-4 Family 1st Lien
Performing55,765 31,094 60,827 51,336 39,577 187,237 1,222 427,058 
Nonperforming— — 100 47 — 3,299 — 3,446 
Total 1-4 Family 1st Lien55,765 31,094 60,927 51,383 39,577 190,536 1,222 430,504 
Gross charge offs— — — — — — — — 
Current period recoveries— — — — — 88 — 88 
Net recoveries— — — — — 88 — 88 
1-4 Family Rental
Performing28,884 23,884 49,872 101,803 62,868 139,486 1,918 408,715 
Nonperforming— — 146 — 1,611 1,181 — 2,938 
Total 1-4 Family Rental28,884 23,884 50,018 101,803 64,479 140,667 1,918 411,653 
Gross charge offs— — — — — — — — 
Current period recoveries— — — — — — — — 
Net recoveries— — — — — — — — 
HELOC and Junior Liens
Performing6,883 5,572 18,002 9,013 4,991 15,014 111,223 170,698 
Nonperforming— 1,160 146 159 — 1,789 1,001 4,255 
Total HELOC and Junior Liens6,883 6,732 18,148 9,172 4,991 16,803 112,224 174,953 
Gross charge offs— — — — — — — — 
Current period recoveries— — — — — — — — 
Net charge offs— — — — — — — — 
Consumer
Performing2,212 1,221 876 339 295 715 2,150 7,808 
Nonperforming— — 34 — — — — 34 
Total Consumer2,212 1,221 910 339 295 715 2,150 7,842 
Gross charge offs— — — — — (70)— (70)
Current period recoveries— — — — — 48 — 48 
Net charge offs— — — — — (22)— (22)
Total
Pass$353,154 $415,897 $558,631 $795,566 $401,716 $905,874 $315,538 $3,746,376 
Special mention— 116 2,525 1,677 3,366 6,090 — 13,774 
Substandard or lower— 527 11,457 3,858 653 14,174 5,363 36,032 
Performing93,744 61,771 129,577 162,491 107,731 342,452 116,513 1,014,279 
Nonperforming— 1,160 426 206 1,611 6,269 1,001 10,673 
Total$446,898 $479,471 $702,616 $963,798 $515,077 $1,274,859 $438,415 $4,821,134 
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 
Gross charge offs— — — — — — — — 
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 
Gross charge offs— — — — — — — — 
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 
Gross charge offs— — — — — — — — 
Current period recoveries— — — — — — — — 
Net charge offs— — — — — — — — 
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 
Substandard or lower— — — — — — — — 
Total Farmland27,449 31,387 56,178 42,693 25,119 26,892 14,991 224,709 
Gross charge offs— — — — — — — — 
Current period recoveries— — — — — — — — 
Net charge offs— — — — — — — — 
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 
Special mention— — — — — — — — 
Substandard or lower— — — — — — — — 
Total Residential construction34,275 37,222 15,559 — — 2,007 10,336 99,399 
Gross charge offs— — — — — — — — 
Current period recoveries— — — — — — — — 
Net recoveries— — — — — — — — 
Other construction
Pass66,711 94,619 104,439 11,664 10,983 11,928 25,827 326,171 
Special mention— — — — — — — — 
Substandard or lower— — — — — — — — 
Total Other construction66,711 94,619 104,439 11,664 10,983 11,928 25,827 326,171 
Gross charge offs— — — — — — — — 
Current period recoveries— — — — — — — — 
Net recoveries— — — — — — — — 
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)
Current period recoveries— — — — — — — — 
Net charge offs— — (21)— — — — (21)
Consumer
Performing4,214 972 354 394 107 234 2,587 8,862 
Nonperforming— — — — — — — — 
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
Pass$385,876 $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 September 30, 2025 and December 31, 2024. There was $558 thousand and $861 thousand in loans for which formal foreclosure proceedings were in process at September 30, 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 as of September 30, 2025 were $18.0 million.
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 judgement 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 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:
•Lending process
•Concentrations of credit
•Peer Group 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 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 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.
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-loans, with any subsequent recoveries credited back to the ACL-loans account. Expected recoveries may not exceed the aggregate of amounts previously charged off and expected to be charged off.
The following tables present the activity in the ACL - loans by portfolio segment for the three and nine months ended September 30, 2025 and the three and nine months ended September 30, 2024:
(In thousands)Balance at
June 30, 2025		PCD LoansCharge offsRecoveriesNet Loans (Charged off) Recovered
(Benefit)/Provision for Credit Losses (1)
Balance at September 30, 2025
Commercial Real Estate
CRE Nonowner Occupied$10,598 $— $— $9 $9 $(207)$10,400 
CRE Owner Occupied6,430 — — — — (18)6,412 
Multifamily1,978 — — — — 171 2,149 
Farmland2,098 — — — — (184)1,914 
Commercial and industrial8,102 — (91)— (91)1,355 9,366 
Construction
Residential Construction958 — — — — (403)555 
Other Construction2,436 — — — — (1,283)1,153 
Residential Mortgage
1-4 Family 1st Lien2,196 — — 3 3 292 2,491 
1-4 Family Rental2,258 — — — — 52 2,310 
HELOC and Junior Liens520 — — — — 44 564 
Consumer41 — (40)28 (12)(6)23 
Total$37,615 $— $(131)$40 $(91)$(187)$37,337 
(In thousands)Balance at
December 31, 2024		PCD LoansCharge offsRecoveriesNet Loans (Charged off) Recovered
Provision/(Benefit) for Credit Losses (1)
Balance at September 30, 2025
Commercial Real Estate
CRE Nonowner Occupied$11,047 $89 $(691)$11 $(680)$(56)$10,400 
CRE Owner Occupied5,243 100 — — — 1,069 6,412 
Multifamily3,432 31 — — — (1,314)2,149 
Farmland1,932 — — — — (18)1,914 
Commercial and industrial7,122 36 (294)9 (285)2,493 9,366 
Construction
Residential Construction931 — — — — (376)555 
Other Construction2,131 — — — — (978)1,153 
Residential Mortgage
1-4 Family 1st Lien1,503 37 — 88 88 863 2,491 
1-4 Family Rental1,756 47 — — — 507 2,310 
HELOC and Junior Liens392 3 — — — 169 564 
Consumer25 — (70)48 (22)20 23 
Total$35,514 $343 $(1,055)$156 $(899)$2,379 $37,337 
(1) Includes a $2.3 million initial provision on non-PCD loans acquired in the William Penn acquisition
(In thousands)Balance at
June 30, 2024		Charge offsRecoveriesNet Loans (Charged off) Recovered
Provision/(Benefit) for Credit Losses (1)
Balance at September 30, 2024
Commercial Real Estate
CRE Nonowner Occupied$10,647 $— $— $— $387 $11,034 
CRE Owner Occupied5,830 — — — (607)5,223 
Multifamily3,209 — — — 349 3,558 
Farmland2,059 — — — (294)1,765 
Commercial and industrial6,934 (356)— (356)253 6,831 
Construction
Residential Construction1,129 — — — (102)1,027 
Other Construction2,013 — — — 426 2,439 
Residential Mortgage
1-4 Family 1st Lien1,349 — 2 2 156 1,507 
1-4 Family Rental1,704 — — — 68 1,772 
HELOC and Junior Liens397 — — — (9)388 
Consumer17 (8)15 7 (6)18 
Total$35,288 $(364)$17 $(347)$621 $35,562 
(In thousands)Balance at
December 31, 2023		Charge offsRecoveriesNet Loans (Charged off) Recovered
Provision/(Benefit) for Credit Losses (1)
Balance at September 30, 2024
Commercial Real Estate
CRE Nonowner Occupied$10,267 $— $— $— $767 $11,034 
CRE Owner Occupied5,646 — 4 4 (427)5,223 
Multifamily2,202 — — — 1,356 3,558 
Farmland2,064 — — — (299)1,765 
Commercial and industrial7,131 (412)— (412)112 6,831 
Construction
Residential Construction1,256 — — — (229)1,027 
Other Construction2,146 — — — 293 2,439 
Residential Mortgage
1-4 Family 1st Lien1,207 (7)9 2 298 1,507 
1-4 Family Rental1,859 (2)22 20 (107)1,772 
HELOC and Junior Liens389 (21)— (21)20 388 
Consumer20 (34)32 (2)— 18 
Total$34,187 $(476)$67 $(409)$1,784 $35,562 
The following table presents the ACL for loans and the amortized cost basis of the loans by the measurement methodology used as of September 30, 2025 and December 31, 2024:

(In thousands)ACL - LoansLoans
September 30, 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$9,464 $936 $10,400 $1,314,655 $5,739 $1,320,394 
CRE Owner Occupied5,994 418 6,412 697,185 2,834 700,019 
Multifamily2,149 — 2,149 445,274 138 445,412 
Farmland1,914 — 1,914 224,377 46 224,423 
Commercial and industrial8,515 851 9,366 718,910 5,196 724,106 
Construction
Residential Construction555 — 555 91,502 — 91,502 
Other Construction1,153 — 1,153 290,326 — 290,326 
Residential mortgage
1-4 Family 1st Lien2,491 — 2,491 429,301 1,203 430,504 
1-4 Family Rental2,310 — 2,310 410,751 902 411,653 
HELOC and Junior Liens564 — 564 173,071 1,882 174,953 
Consumer23 — 23 7,825 17 7,842 
Total$35,132 $2,205 $37,337 $4,803,177 $17,957 $4,821,134 

(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 three and nine months ended September 30, 2025.

Information related to loans modified (by type of modification) for the three and nine months ended September 30, 2024, whereby the borrower was experiencing financial difficulty at the time of modification, is set forth in the following table:


(In thousands)Interest OnlyTerm ExtensionCombination:
Interest Only and
Term Extension		Total% of Total Class of Financing Receivable
Three months ended September 30, 2024
Commercial and industrial— — 287 287 0.04 
Total$— $— $287 $287 
(In thousands)Interest OnlyTerm ExtensionCombination:
Interest Only and
Term Extension		Total% of Total Class of Financing Receivable
Nine months ended September 30, 2024
Commercial and industrial$— $— $287 $287 0.04 %
HELOC and Junior Liens— — 92 92 0.07 %
Total Residential Mortgage— — 92 92 0.01 %
Total loans$— $— $379 $379 



The financial effects of the interest-only loan modifications reduced the monthly payment amounts for the borrower and the term extensions in the table above added 2.0 years to the life of the loan, which also reduced the monthly payment amounts for the borrower.
As of September 30, 2025, there were no defaulted modified loans, as all modified loans were current with respect to their associated forbearance agreements. There were also no defaults on modified loans within twelve months of restructure during 2024.
v3.25.3
Deposits
 9 Months Ended
Sep. 30, 2025
Deposits [Abstract]  
Deposits Deposits
Deposits consisted of the following as of September 30, 2025 and December 31, 2024:
(Dollars in thousands)September 30, 2025% of Total DepositsDecember 31, 2024% of Total Deposits
Noninterest-bearing demand deposits$836,374 15.7 %$759,169 16.2 %
Interest-bearing demand deposits1,263,671 23.6 %1,101,444 23.5 %
Money market1,267,307 23.7 %958,051 20.4 %
Savings327,104 6.1 %260,258 5.5 %
Total demand and savings 3,694,456 69.1 %3,078,922 65.6 %
Time1,648,264 30.9 %1,611,005 34.4 %
Total deposits$5,342,720 100.0 %$4,689,927 100.0 %
The scheduled maturities of time deposits at September 30, 2025 were as follows:
Time Deposits
(In thousands)Less than $250,000$250,000 or more
Maturing in 2025$576,287 $190,078 
Maturing in 2026593,287 188,431 
Maturing in 202760,822 6,034 
Maturing in 202815,781 571 
Maturing in 20298,121 260 
Maturing thereafter7,489 1,103 
$1,261,787 $386,477 
Mid Penn had $125.0 million and $319.8 million in brokered certificates of deposits as of September 30, 2025 and December 31, 2024, respectively. As of September 30, 2025 and December 31, 2024, Mid Penn had $108.0 million and $83.7 million of CDAR (Certificate of Deposit Account Registry) deposits, respectively.
v3.25.3
Derivative Financial Instruments
 9 Months Ended
Sep. 30, 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 derivatives; however, none are entered into for speculative purposes. In 2025, Mid Penn entered into 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.
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 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 and 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 swaps is set forth in the following table:
September 30, 2025December 31, 2024
(Dollars in thousands)
 Interest rate swaps on loans with customers
      Notional amount $276,348 $217,150 
      Weighted average remaining term (years) 4.315.11
      Receive fixed rate (weighted average) 5.11 %4.68 %
      Pay variable rate (weighted average)6.46 %6.64 %
      Estimated fair value (1)
$9,201 $11,118 
September 30, 2025December 31, 2024
(Dollars in thousands)
 Interest rate swaps on loans with correspondents
      Notional amount $276,348 $217,150 
      Weighted average remaining term (years) 4.315.11
      Receive variable rate (weighted average) 6.46 %6.64 %
      Pay fixed rate (weighted average)5.11 %4.68 %
      Estimated fair value (2)
$9,201 $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.

Information related to cash flow hedges is set forth in the following table:
September 30, 2025December 31, 2024
(Dollars in thousands)
 Cash flow hedges
      Notional amount $75,000 $295,000 
      Weighted average remaining term (years) 1.091.55
      Pay fixed rate (weighted average) 3.81 %3.64 %
      Receive variable rate (weighted average)3.66 %4.10 %
      Estimated fair value (1)
$290 $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 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 Mid Penn’s variable-rate liabilities. During the next twelve months, Mid Penn estimates that an additional $151 thousand will be reclassified as an increase to interest expense.
v3.25.3
Accumulated Other Comprehensive (Loss) Income
 9 Months Ended
Sep. 30, 2025
Other Income and Expenses [Abstract]  
Accumulated Other Comprehensive (Loss) Income Accumulated Other Comprehensive (Loss) Income
The changes in each component of accumulated other comprehensive loss, net of taxes, are as follows:
(In thousands)
Unrealized Loss on
Securities		Unrealized
Holding Losses on
Interest Rate
Derivatives used in
Cash Flow Hedges		Defined Benefit
Plans		Total
Balance at June 30, 2025$(12,478)$163 $559 $(11,756)
OCI before reclassifications3,193 (334)(10)2,849 
Amounts reclassified from AOCI— — — — 
Balance at September, 2025$(9,285)$(171)$549 (8,907)
Balance at December 31, 2024$(18,889)$1,485 $579 $(16,825)
OCI before reclassifications9,604 (1,656)(4)7,944 
Amounts reclassified from AOCI— — (26)(26)
Balance at September, 2025$(9,285)$(171)$549 $(8,907)
Balance at June 30, 2024$(19,251)$2,258 $(130)$(17,123)
OCI before reclassifications6,436 (2,427)(2)4,007 
Amounts reclassified from AOCI— — — — 
Balance at September 30, 2024$(12,815)$(169)$(132)$(13,116)
Balance at December 31, 2023$(17,339)$820 $(118)$(16,637)
OCI before reclassifications4,524 (989)3 3,538 
Amounts reclassified from AOCI— — (17)(17)
Balance at September 30, 2024$(12,815)$(169)$(132)$(13,116)
v3.25.3
Fair Value Measurement
 9 Months Ended
Sep. 30, 2025
Fair Value Disclosures [Abstract]  
Fair Value Measurement Fair Value Measurement
Mid Penn uses estimates of fair value in applying various accounting standards for its consolidated financial statements on either a recurring or non-recurring basis. Fair value is defined as the price 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 during the three and nine months ended September 30, 2025 or the year ended December 31, 2024.
The following tables illustrate the assets and liabilities measured at fair value on a recurring basis and reported on the Consolidated Balance Sheets.
September 30, 2025
(In thousands)Level 1Level 2Level 3Total
Available-for-sale securities:
U.S. Treasury and U.S. government agencies$— $19,942 $— $19,942 
Mortgage-backed U.S. government agencies— 365,623 — 365,623 
State and political subdivision obligations— 3,778 — 3,778 
Corporate debt securities— 38,009 — 38,009 
Equity securities442 — — 442 
Loans held for sale— 6,085 — 6,085 
Other assets:
Derivative assets— 9,491 — 9,491 
Other liabilities:
Derivative liabilities— 9,201 9,201 
December 31, 2024
(In thousands)Level 1Level 2Level 3Total
Available-for-sale securities:
U.S. Treasury and U.S. government agencies$— $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), 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.
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. Fair values as of September 30, 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 efficient and are less liquid than that of the more mature Level 1 markets. These markets do, however, have comparable, observable inputs in which an alternative pricing source values these assets in order to arrive at a fair 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. As of September 30, 2025, Mortgage banking derivatives are not considered material.
Certain financial assets and financial liabilities are measured at fair value on a nonrecurring basis; that is, the instruments are not measured at fair value on an ongoing basis, but are subject to fair value adjustments in certain circumstances (for example, upon their acquisition or when there is evidence of impairment).

The following table illustrates financial instruments measured at fair value on a nonrecurring basis:
September 30, 2025
(In thousands)Level 1Level 2Level 3Total
Individually evaluated loans, net of ACL$— $— $15,752 $15,752 
Foreclosed assets held for sale— — 9,346 9,346 
December 31, 2024
(In thousands)Level 1Level 2Level 3Total
Individually evaluated loans, net of ACL$— $— $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 various 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.
September 30, 2025
(In thousands)Fair ValueValuation TechniqueSignificant Unobservable InputRange of InputsWeighted Average
Individually evaluated loans, net of ACL$15,752 Appraisal of collateralAppraisal adjustments8%-100%24.9%
Foreclosed assets held for sale9,346 Appraisal of collateralAppraisal adjustments22%-31%23.9%
December 31, 2024
(In thousands)Fair ValueValuation TechniqueSignificant Unobservable InputRange of InputsWeighted Average
Individually evaluated loans, net of ACL$21,171 Appraisal of collateralAppraisal adjustments—%-100%5.6%
Foreclosed assets held for sale44 Appraisal of collateralAppraisal adjustments26%-26%26.0%
The following tables summarize the carrying amount, fair value, and placement in the fair value hierarchy of Mid Penn's financial instruments as of the periods presented:
September 30, 2025
Carrying
Amount		Estimated Fair Value
(In thousands)Level 1Level 2Level 3Total
Financial instruments - assets
 Cash and cash equivalents $257,169 $257,169 $— $— $257,169 
 Available-for-sale securities427,352 — 427,352 — 427,352 
Held-to-maturity securities354,094 — 325,606 — 325,606 
 Equity securities442 442 — — 442 
 Loans held for sale6,085 — 6,085 — 6,085 
Net loans 4,783,797 — — 4,820,035 4,820,035 
 Restricted investment in bank stocks6,737 6,737 — 6,737 
 Accrued interest receivable29,705 29,705 — — 29,705 
 Derivative assets 9,491 — 9,491 — 9,491 
Financial instruments - liabilities
Deposits$5,342,720 $— $5,352,901 $— $5,352,901 
Short-term borrowings— — — — — 
Long-term debt (1)
20,304 — 20,343 — 20,343 
Subordinated debt37,149 — 36,542 — 36,542 
 Accrued interest payable16,460 16,460 — — 16,460 
 Derivative liabilities9,201 — 9,201 — 9,201 
(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 debt2,000 — 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 September 30, 2025 and December 31, 2024.
v3.25.3
Commitments and Contingencies
 9 Months Ended
Sep. 30, 2025
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies Commitments and Contingencies
Guarantees and commitments to extend credit
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. The commitments include various guarantees and commitments to extend credit. Commitments to extend credit are agreements to lend to a customer as long as there is no 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 $66.8 million and $64.3 million of standby letters of credit outstanding as of September 30, 2025 and December 31, 2024, respectively. Mid Penn does not anticipate any losses because of these transactions. The amount of the liability as of September 30, 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 provision for credit losses. 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 that are derived from the same models and
approaches 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 was $3.0 million and $2.9 million as of September 30, 2025 and December 31, 2024, respectively. A benefit for credit losses - credit commitments of $247 thousand and $105 thousand were recorded for the three months ended September 30, 2025 and September 30, 2024, respectively. A benefit for credit losses - credit commitments of $243 thousand and $601 thousand were recorded for the nine months ended September 30, 2025 and September 30, 2024, respectively.
The following table presents the activity in the ACL - OBS by segment for the three and nine months ended September 30, 2025 and 2024:
(in thousands)Balance at
June 30, 2025		(Benefit)/Provision for Credit LossBalance at September 30, 2025
1-4 Family Rental$16 $4 $20 
C&I1,203 356 1,559 
CRE NonOwner Occupied113 22 135 
CRE Owner Occupied118 (12)106 
Consumer3 — 3 
Farmland99 (15)84 
HELOC & Junior Liens125 10 135 
Multifamily23 2 25 
Other Construction & Land1,042 (388)654 
Residential Construction469 (219)250 
Residential First Liens7 (7)— 
$3,218 $(247)$2,971 
(in thousands)Balance at
December 31, 2024		Provision/(Benefit) for Credit LossBalance at September 30, 2025
1-4 Family Rental$16 $4 $20 
C&I1,165 394 1,559 
CRE NonOwner Occupied132 3 135 
CRE Owner Occupied98 8 106 
Consumer3 — 3 
Farmland92 (8)84 
HELOC & Junior Liens92 43 135 
Multifamily27 (2)25 
Other Construction & Land792 (138)654 
Residential Construction516 (266)250 
Residential First Liens6 (6)— 
$2,939 $32 $2,971 
(in thousands)Balance at
June 30, 2024		(Benefit)/Provision for Credit LossBalance at
September 30, 2024
1-4 Family Rental$13 $1 $14 
C&I1,154 (8)1,146 
CRE NonOwner Occupied110 22 132 
CRE Owner Occupied128 (14)114 
Consumer3 — 3 
Farmland97 (23)74 
HELOC & Junior Liens96 (6)90 
Multifamily27 14 41 
Other Construction & Land783 (51)732 
Residential Construction655 (43)612 
Residential First Liens5 3 8 
$3,071 $(105)$2,966 
(in thousands)Balance at
December 31, 2023		(Benefit)/Provision for Credit LossBalance at September 30, 2024
1-4 Family Rental$11 $3 $14 
C&I1,270 (124)1,146 
CRE NonOwner Occupied113 19 132 
CRE Owner Occupied106 8 114 
Consumer3 — 3 
Farmland108 (34)74 
HELOC & Junior Liens100 (10)90 
Multifamily24 17 41 
Other Construction & Land1,036 (304)732 
Residential Construction778 (166)612 
Residential First Liens18 (10)8 
$3,567 $(601)$2,966 
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.
v3.25.3
Debt
 9 Months Ended
Sep. 30, 2025
Maturities of Long-Term Debt [Abstract]  
Debt Debt
Short-term FHLB and Correspondent Bank Borrowings
Total short-term borrowings were zero and $2.0 million as of September 30, 2025 and 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 a year. Federal funds purchased from correspondent banks mature in one business day and reprice daily based on the Federal Funds rate. Advances from the FHLB are collateralized by the Bank’s investment in the common stock of the FHLB and by a blanket lien on selected loan receivables comprised principally of real estate secured loans within the Bank’s portfolio totaling $2.6 billion at September 30, 2025. The Bank had a short-term borrowing capacity from the FHLB as of September 30, 2025 up to the Bank’s unused borrowing capacity of $1.7 billion (equal to $1.9 billion of maximum borrowing capacity, less the aggregate amount of FHLB letter of credits securing public funds deposits, and other FHLB advances and obligations outstanding) upon satisfaction of any stock purchase requirements of the FHLB.
The Bank also has unused overnight lines of credit with other correspondent banks amounting to $35.0 million at September 30, 2025. No draws were made on these lines as of September 30, 2025 and December 31, 2024.
Long-term Debt
The following table presents a summary of long-term debt as of September 30, 2025 and December 31, 2024.
(Dollars in thousands)September 30, 2025December 31, 2024
FHLB fixed rate instruments:
Due February 2026, 4.51%
$20,000 $20,000 
Due August 2026, 4.80%
292 523 
Due February 2027, 6.71%
12 17 
Total FHLB fixed rate instruments20,304 20,540 
Lease obligations included in long-term debt2,954 3,063 
Total long-term debt$23,258 $23,603 
As a member of the FHLB, the Bank can access a number of credit products which are utilized to provide liquidity. The FHLB fixed rate instruments obtained by the Bank are secured under the terms of a blanket collateral agreement with the FHLB consisting of FHLB stock and qualifying Bank loan receivables, principally real estate secured loans. The Bank also obtains letters of credit from the FHLB to secure certain public fund deposits of municipality and school district customers who agree to use of the FHLB letters of credit as a legally allowable alternative to investment pledging. These FHLB letter of credit commitments totaled $160.5 million and $156.0 million as of September 30, 2025 and December 31, 2024, respectively.
v3.25.3
Subordinated Debt
 9 Months Ended
Sep. 30, 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 assigned a fair value premium of $2.3 million. The notes are treated as Tier 2 capital for regulatory reporting purposes.
The Riverview Notes were entered into by Riverview on October 6, 2020 with certain qualified institutional buyers and accredited institutional investors. The Riverview Notes have a maturity date of October 15, 2030 and initially bear interest, payable semi-annually, at a fixed annual rate of 5.75% per annum until October 15, 2025, at which time the interest rate will be reset quarterly to the then current three-month SOFR plus 563 bps, payable quarterly until maturity. The Riverview Notes were redeemable beginning on 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 entered into agreements for and sold at 100% of their principal amount, an aggregate of $12.2 million of its subordinated notes due December 2030 (the "December 2020 Notes") on a private placement basis to accredited investors. The December 2020 Notes are treated as Tier 2 capital for regulatory capital purposes.
The December 2020 Notes bear interest at a rate of 4.5% per year for the first five years and then float at the Wall Street Journal’s Prime Rate plus 50 bp, provided that the interest rate applicable to the outstanding principal balance during the period the December 2020 Notes are floating will at no time be less than 4.5%. Interest is payable quarterly in arrears on March 31, June 30, September 30 and December 31 of each year, beginning on March 31, 2021. The December 2020 Notes will mature on December 31, 2030 and are redeemable, in whole or in part, without premium or penalty, on any interest payment date on or after December 31, 2025 and prior to December 31, 2030, subject to any required regulatory approvals. Mid Penn has notified its regulators of its intention to redeem the December 2020 Notes on December 31, 2025.
Subordinated Debt Issued March 2020
On March 20, 2020, Mid Penn entered into agreements with accredited investors who purchased $15.0 million aggregate principal amount of its subordinated notes due March 2030 (the "March 2020 Notes"). The March 2020 Notes were treated as Tier 2 capital for regulatory capital purposes.
The March 2020 Notes bear interest at a rate of 4.0% per year for the first five years and then float at the Wall Street Journal’s Prime Rate, provided that the interest rate applicable to the outstanding principal balance during the period the March 2020 Notes are floating will at no time be less than 4.25%. Interest is payable semi-annually in arrears on June 30 and December 30 of each year, beginning on June 30, 2020, for the first five years after issuance and will be payable quarterly in arrears thereafter on March 30, June 30, September 30 and December 30.
The March 2020 Notes were redeemable in whole or in part, without premium or penalty, at any time on or after March 30, 2025 and prior to March 30, 2030. Mid Penn redeemed the remaining March 2020 Notes in whole on June 30, 2025.
v3.25.3
Common Stock and Equity Incentive Plans
 9 Months Ended
Sep. 30, 2025
Common Stock, Number of Shares, Par Value and Other Disclosure [Abstract]  
Common Stock and Equity Incentive Plans Common Stock and Equity Incentive Plans
Treasury Stock Repurchase Program
Mid Penn adopted a treasury stock repurchase program ("Program") initially effective March 19, 2020, and renewed through April 30, 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.
During the nine months ended September 30, 2025, Mid Penn repurchased 70,669 shares of common stock at an average price of $28.45. Of this amount, 7,857 shares were repurchased during the three months ended September 30, 2025, at an average price of $29.53. As of September 30, 2025, Mid Penn had repurchased an aggregate total of 511,391 shares of common stock under the Program at an average price of $23.57 per share. The Program had approximately $2.9 million remaining available for repurchase as of September 30, 2025.
Dividend Reinvestment Plan
Under Mid Penn’s amended and restated DRIP, 300,000 shares of Mid Penn’s authorized but unissued common stock are reserved for issuance. The DRIP also allows for voluntary cash payments, within specified limits, to be used for the purchase of additional shares.
Equity Incentive Plans
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 Corporation, and replaces the 2014 Restricted Stock Plan. The aggregate number of shares of common stock of the Corporation available for issuance under the Plans is 550,000 shares.
As of September 30, 2025, a total of 310,804 restricted shares were granted under the Plans, of which 110,436 shares were unvested. The Plan's shares granted and vested resulted in $1.1 million and $191 thousand in share-based compensation expense for the three months ended September 30, 2025 and 2024, respectively. For the nine months ended September 30, 2025 and 2024, the Plan's shares granted and vested resulted in share-based compensation expense of $3.8 million and $813 thousand, respectively.
Share-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.
Equity Awards Assumed from William Penn Acquisition
In connection with the acquisition of William Penn 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, consisting of 538,447 stock options and 215,386 restricted stock units "RSUs". These awards were converted into equivalent awards of the Corporation's common stock, of which, 134,618 stock options and 53,822 restricted stock units remained unvested as of September 30, 2025.
Compensation expense for stock options was $203 thousand and $883 thousand for the three and nine months ended September 30, 2025. As of September 30, 2025, unrecognized compensation expense related to unvested options was $907
thousand. Compensation expense for restricted stock awards was $550 thousand and $1.9 million for the three and nine months ended September 30, 2025. As of September 30, 2025, unrecognized compensation cost related to unvested restricted stock was $1.3 million.
The assumed awards are subject to the original vesting terms and conditions included in the William Penn's stock-based compensation plan.
v3.25.3
Earnings Per Share
 9 Months Ended
Sep. 30, 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 data shows the amounts used in computing basic and diluted earnings per common share:
Three Months Ended September 30,Nine Months Ended September 30,
(In thousands, except per share data)2025202420252024
Net income$18,297 $12,301 $36,801 $36,205 
Weighted average common shares outstanding (basic)23,005,50416,612,65721,322,69816,585,719
Effect of dilutive stock based compensation awards (includes unvested restricted stock and stock options)272,06344,512265,02139,840
Weighted average common shares outstanding (diluted)23,277,56716,657,16921,587,71916,625,559
Basic earnings per common share$0.80 $0.74 $1.73 $2.18 
Diluted earnings per common share0.79 0.74 1.70 2.18 
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 8,480 stock options that were anti-dilutive for the three and nine months ended September 30, 2025, respectively. These stock options were assumed in the William Penn acquisition. There were no antidilutive instruments for the three and nine months ended September 30, 2024.
v3.25.3
Segment Reporting
 9 Months Ended
Sep. 30, 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 are 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 certain information reviewed by management:

Three Months Ended September 30,Nine Months Ended September 30,
(in thousands)2025202420252024
Net interest income$53,629 $40,169 $144,344 $115,391 
(Benefit)/Provision for credit losses(434)5162,1361,183
Noninterest income8,1835,17819,56516,344
Noninterest expense37,98229,959116,42286,703
Provision for Income taxes5,9672,5718,5507,644
Net income18,29712,30136,80136,205
Total assets$6,267,349 $5,527,025 $6,267,349 $5,527,025 
Other Segment Information

Revenue Composition: Mid Penn generates revenue primarily from net interest income and non-interest 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 average assets ("ROAA"), return on average equity ("ROAE") and core efficiency ratio.
v3.25.3
Insider Trading Arrangements
 3 Months Ended
Sep. 30, 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
v3.25.3
Summary of Significant Accounting Policies (Policies)
 9 Months Ended
Sep. 30, 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 five wholly-owned nonbank subsidiaries, MPB Realty Holding, LLC, MPB Financial Services, LLC, MPB Wealth Management, LLC (which ceased operating during the first quarter
of 2024), MPB Risk Services, LLC, and MPB Launchpad Fund I, LLC. As of September 30, 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.
Certain information and disclosures normally included in consolidated financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to the rules and regulations of the SEC. Mid Penn believes the information presented is not misleading, and the disclosures are adequate. For comparative purposes, the September 30, 2024 and December 31, 2024 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. These unaudited interim consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the 2024 Annual Report.
Subsequent Events
Subsequent Events
Mid Penn has evaluated events and transactions occurring subsequent to the balance sheet date of September 30, 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 or disclosure to the financial statements.
Use of Estimates
Use of Estimates
The preparation of financial statements in conformity with 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, the expected cash flows and collateral values associated with loans that are individually evaluated for credit losses, 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.
Accounting Standards adopted and Updated Significant Accounting Policy and Accounting Standards Pending Adoption
Accounting Standards adopted and Updated Significant Accounting Policy
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 the Corporation's financial statements.
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 amendments are effective for annual periods beginning after December 15, 2024. ASU 2023-09 is not expected to have a significant impact on the Corporation's financial statements.

ASU 2024-01—The FASB issued ASU 2024-01, Compensation - Stock Compensation (Topic 718): Scope application of profits interest and similar awards.

The amendments in the ASU apply to all reporting entities that account for profits interest awards as compensation to employees or nonemployees in return for goods or services. The amendments are effective for annual periods beginning after December 15, 2025, and interim periods within those annual periods. ASU 2024-01 is not expected to have a significant impact on the Corporation's 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 amendments are effective for fiscal years beginning after December 15, 2025. Early adoption is permitted. ASU 2024-02 is not expected to have a significant impact on the Corporation's 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 ASU 2020-06. 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.
AFS and HTM Securities
AFS Securities
At September 30, 2025, the fair value of AFS securities totaled $427.4 million. At September 30, 2025, no securities were identified that violated 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. At September 30, 2025, accrued interest receivable totaled $2.0 million for AFS securities, and was reported in accrued interest receivable on the accompanying Consolidated Balance Sheet.
HTM Securities
At September 30, 2025, Mid Penn’s HTM securities totaled $354.1 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 September 30, 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.
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 as of September 30, 2025 were $18.0 million.
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 judgement 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 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:
•Lending process
•Concentrations of credit
•Peer Group 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 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 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.
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-loans, with any subsequent recoveries credited back to the ACL-loans account. Expected recoveries may not exceed the aggregate of amounts previously charged off and expected to be charged off.
Fair Value Measurement
Mid Penn uses estimates of fair value in applying various accounting standards for its consolidated financial statements on either a recurring or non-recurring basis. Fair value is defined as the price 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.
v3.25.3
Business Combinations (Tables)
 9 Months Ended
Sep. 30, 2025
Business Combination [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 taxes14,252 
Accrued interest receivable2,271 
Other assets11,094 
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 acquired$726,537 
Total liabilities assumed630,181 
Net assets acquired96,356 
Goodwill6,857 
Consideration transferred$103,213 
Schedule of Supplemental Pro Forma Information
The following supplemental pro forma information presents certain financial results for the three and nine months ended September 30, 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.

(In thousands)Three Months Ended September 30, Nine Months Ended September 30,
2025202420252024
Net interest income after provision for credit losses - loans$54,063 $44,189 $150,492 $127,546 
Noninterest income8,183 5,828 20,700 18,352 
Noninterest expense37,982 35,282 116,601 102,583 
Net income$18,297 $12,280 $37,229 $36,162 
v3.25.3
Investment Securities (Tables)
 9 Months Ended
Sep. 30, 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:
September 30, 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$20,420 $— $478 $19,942 
Mortgage-backed U.S. government agencies375,088 3,200 12,665 365,623 
State and political subdivision obligations4,334 — 556 3,778 
Corporate debt securities40,011 211 2,213 38,009 
Total available-for-sale debt securities$439,853 $3,411 $15,912 $427,352 
Held-to-maturity
U.S. Treasury and U.S. government agencies$233,545 $— $18,568 $214,977 
Mortgage-backed U.S. government agencies33,586 1 3,990 29,597 
State and political subdivision obligations71,517 6 4,585 66,938 
Corporate debt securities15,446 — 1,352 14,094 
Total held-to-maturity debt securities354,094 7 28,495 325,606 
Total$793,947 $3,418 $44,407 $752,958 
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 $601,125 
Schedule of Fair Value and Unrealized Loss on Debt Security Investments in a Continuous Unrealized Loss Position
The following tables present gross unrealized losses and fair value of debt investment securities aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position for the periods presented:
(Dollars in thousands)Less Than 12 Months12 Months or MoreTotal
September 30, 2025Number
of
Securities		Estimated
Fair
Value		Gross
Unrealized
Losses		Number
of
Securities		Estimated
Fair
Value		Gross
Unrealized
Losses		Number
of
Securities		Estimated
Fair
Value		Gross
Unrealized
Losses
Available-for-sale debt securities:
U.S. Treasury and U.S. government agencies—$— $— 11$19,942 $478 11$19,942 $478 
Mortgage-backed U.S. government agencies24208,331 99 93157,292 12,566 117365,623 12,665 
State and political subdivision obligations136 — 83,742 556 93,778 556 
Corporate debt securities513,331 53 1624,678 2,160 2138,009 2,213 
Total available-for-sale debt securities30$221,698 $152 128$205,654 $15,760 158$427,352 $15,912 
Held-to-maturity debt securities:
U.S. Treasury and U.S. government agencies—$— $— 138$214,977 $18,568 138$214,977 $18,568 
Mortgage-backed U.S. government agencies4436 — 6029,161 3,990 6429,597 3,990 
State and political subdivision obligations144,741 — 14862,197 4,585 16266,938 4,585 
Corporate debt securities33,365 131 910,729 1,221 1214,094 1,352 
Total held-to-maturity debt securities218,542 131 355317,064 28,364 376325,606 28,495 
Total51$230,240 $283 483$522,718 $44,124 534$752,958 $44,407 
(Dollars in thousands)Less Than 12 Months12 Months or MoreTotal
December 31, 2024Number
of
Securities		Estimated
Fair
Value		Gross
Unrealized
Losses		Number
of
Securities		Estimated
Fair
Value		Gross
Unrealized
Losses		Number
of
Securities		Estimated
Fair
Value		Gross
Unrealized
Losses
Available-for-sale securities:
U.S. Treasury and U.S. government agencies—$— $— 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
September 30, 2025Amortized
Cost		Fair
Value		Amortized
Cost		Fair
Value
Due in 1 year or less$2,000 $1,968 $21,743 $21,595 
Due after 1 year but within 5 years24,421 23,999 144,471 137,243 
Due after 5 years but within 10 years37,500 35,109 141,657 126,560 
Due after 10 years844 653 12,637 10,611 
64,765 61,729 320,508 296,009 
Mortgage-backed securities375,088 365,623 33,586 29,597 
$439,853 $427,352 $354,094 $325,606 
v3.25.3
Loans and Allowance for Credit Losses - Loans (Tables)
 9 Months Ended
Sep. 30, 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)September 30, 2025December 31, 2024
Commercial real estate
CRE Nonowner Occupied$1,320,394 $1,251,010 
CRE Owner Occupied700,019 624,007 
Multifamily445,412 412,900 
Farmland224,423 224,709 
Total Commercial real estate2,690,248 2,512,626 
Commercial and industrial
724,106 705,392 
Construction
Residential Construction91,502 99,399 
Other Construction290,326 326,171 
Total Construction381,828 425,570 
Residential mortgage
1-4 Family 1st Lien430,504 313,592 
1-4 Family Rental411,653 336,636 
HELOC and Junior Liens174,953 140,392 
Total Residential Mortgage1,017,110 790,620 
Consumer7,842 8,862 
Total loans$4,821,134 $4,443,070 
The following table presents risk ratings by loan portfolio segment and origination year, which is the year of origination or renewal.
September 30, 2025
Term Loans Amortized Cost Basis by Origination YearRevolving Loans Amortized
Cost Basis
(In thousands)20252024202320222021PriorTotal
CRE Nonowner Occupied
Pass$83,617 $99,277 $192,396 $362,466 $157,969 $397,068 $13,382 $1,306,175 
Special mention— — — — — 1,946 — 1,946 
Substandard or lower— — 1,540 — — 10,733 — 12,273 
Total CRE Nonowner Occupied83,617 99,277 193,936 362,466 157,969 409,747 13,382 1,320,394 
Gross charge offs— — — (691)— — — (691)
Current period recoveries— — — 8 — 3 — 11 
Net charge offs— — — (683)— 3 — (680)
CRE Owner Occupied
Pass77,697 68,705 95,610 109,290 68,228 254,011 15,299 688,840 
Special mention— — 922 1,570 173 2,593 — 5,258 
Substandard or lower— 527 — 3,258 182 1,954 — 5,921 
Total CRE Owner Occupied77,697 69,232 96,532 114,118 68,583 258,558 15,299 700,019 
Gross charge offs— — — — — — — — 
Current period recoveries— — — — — — — — 
Net recoveries— — — — — — — — 
Multifamily
Pass28,655 4,848 68,540 156,752 83,602 98,606 4,226 445,229 
Special mention— — — — — 45 — 45 
Substandard or lower— — — — — 138 — 138 
Total Multifamily28,655 4,848 68,540 156,752 83,602 98,789 4,226 445,412 
Gross charge offs— — — — — — — — 
Current period recoveries— — — — — — — — 
Net charge offs— — — — — — — — 
Farmland
Pass21,257 24,468 25,838 52,004 37,734 45,709 14,635 221,645 
Special mention— — 404 — 2,328 — — 2,732 
Substandard or lower— — — — — 46 — 46 
Total Farmland21,257 24,468 26,242 52,004 40,062 45,755 14,635 224,423 
Gross charge offs— — — — — — — — 
Current period recoveries— — — — — — — — 
Net charge offs— — — — — — — — 
Commercial and industrial
Pass81,235 104,436 76,504 69,775 46,335 95,752 228,622 702,659 
Special mention— 116 1,199 107 865 1,506 — 3,793 
Substandard or lower— — 9,917 600 471 1,303 5,363 17,654 
Total Commercial and industrial81,235 104,552 87,620 70,482 47,671 98,561 233,985 724,106 
Gross charge offs— — — — — (294)— (294)
Current period recoveries— — 1 — — 8 — 9 
Net charge offs— — 1 — — (286)— (285)
Residential Construction
Pass17,771 39,225 21,261 1,738 — — 11,507 91,502 
Special mention— — — — — — — — 
Substandard or lower— — — — — — — — 
Total Residential Construction17,771 39,225 21,261 1,738 — — 11,507 91,502 
Gross charge offs— — — — — — — — 
Current period recoveries— — — — — — — — 
Net recoveries— — — — — — — — 
Other Construction
Pass42,922 74,938 78,482 43,541 7,848 14,728 27,867 290,326 
Special mention— — — — — — — — 
Substandard or lower— — — — — — — — 
Total Other Construction42,922 74,938 78,482 43,541 7,848 14,728 27,867 290,326 
Gross charge offs— — — — — — — — 
Current period recoveries— — — — — — — — 
Net recoveries— — — — — — — — 
1-4 Family 1st Lien
Performing55,765 31,094 60,827 51,336 39,577 187,237 1,222 427,058 
Nonperforming— — 100 47 — 3,299 — 3,446 
Total 1-4 Family 1st Lien55,765 31,094 60,927 51,383 39,577 190,536 1,222 430,504 
Gross charge offs— — — — — — — — 
Current period recoveries— — — — — 88 — 88 
Net recoveries— — — — — 88 — 88 
1-4 Family Rental
Performing28,884 23,884 49,872 101,803 62,868 139,486 1,918 408,715 
Nonperforming— — 146 — 1,611 1,181 — 2,938 
Total 1-4 Family Rental28,884 23,884 50,018 101,803 64,479 140,667 1,918 411,653 
Gross charge offs— — — — — — — — 
Current period recoveries— — — — — — — — 
Net recoveries— — — — — — — — 
HELOC and Junior Liens
Performing6,883 5,572 18,002 9,013 4,991 15,014 111,223 170,698 
Nonperforming— 1,160 146 159 — 1,789 1,001 4,255 
Total HELOC and Junior Liens6,883 6,732 18,148 9,172 4,991 16,803 112,224 174,953 
Gross charge offs— — — — — — — — 
Current period recoveries— — — — — — — — 
Net charge offs— — — — — — — — 
Consumer
Performing2,212 1,221 876 339 295 715 2,150 7,808 
Nonperforming— — 34 — — — — 34 
Total Consumer2,212 1,221 910 339 295 715 2,150 7,842 
Gross charge offs— — — — — (70)— (70)
Current period recoveries— — — — — 48 — 48 
Net charge offs— — — — — (22)— (22)
Total
Pass$353,154 $415,897 $558,631 $795,566 $401,716 $905,874 $315,538 $3,746,376 
Special mention— 116 2,525 1,677 3,366 6,090 — 13,774 
Substandard or lower— 527 11,457 3,858 653 14,174 5,363 36,032 
Performing93,744 61,771 129,577 162,491 107,731 342,452 116,513 1,014,279 
Nonperforming— 1,160 426 206 1,611 6,269 1,001 10,673 
Total$446,898 $479,471 $702,616 $963,798 $515,077 $1,274,859 $438,415 $4,821,134 
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 
Gross charge offs— — — — — — — — 
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 
Gross charge offs— — — — — — — — 
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 
Gross charge offs— — — — — — — — 
Current period recoveries— — — — — — — — 
Net charge offs— — — — — — — — 
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 
Substandard or lower— — — — — — — — 
Total Farmland27,449 31,387 56,178 42,693 25,119 26,892 14,991 224,709 
Gross charge offs— — — — — — — — 
Current period recoveries— — — — — — — — 
Net charge offs— — — — — — — — 
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 
Special mention— — — — — — — — 
Substandard or lower— — — — — — — — 
Total Residential construction34,275 37,222 15,559 — — 2,007 10,336 99,399 
Gross charge offs— — — — — — — — 
Current period recoveries— — — — — — — — 
Net recoveries— — — — — — — — 
Other construction
Pass66,711 94,619 104,439 11,664 10,983 11,928 25,827 326,171 
Special mention— — — — — — — — 
Substandard or lower— — — — — — — — 
Total Other construction66,711 94,619 104,439 11,664 10,983 11,928 25,827 326,171 
Gross charge offs— — — — — — — — 
Current period recoveries— — — — — — — — 
Net recoveries— — — — — — — — 
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)
Current period recoveries— — — — — — — — 
Net charge offs— — (21)— — — — (21)
Consumer
Performing4,214 972 354 394 107 234 2,587 8,862 
Nonperforming— — — — — — — — 
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
Pass$385,876 $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 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 September 30, 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
September 30, 2025
Commercial real estate
CRE Nonowner Occupied$83 $— $5,740 $5,823 $1,314,571 $1,320,394 $— 
CRE Owner Occupied3,266 12 1,193 4,471 695,548 700,019 — 
Multifamily537 — — 537 444,875 445,412 — 
Farmland1,781 1,191 46 3,018 221,405 224,423 — 
Total Commercial real estate5,667 1,203 6,979 13,849 2,676,399 2,690,248 — 
Commercial and industrial3,374 720 1,058 5,152 718,954 724,106 — 
Construction
Residential Construction— — — — 91,502 91,502 — 
Other Construction— — — — 290,326 290,326 — 
Total Construction— — — — 381,828 381,828 — 
Residential mortgage
1-4 Family 1st Lien6,765 143 589 7,497 423,007 430,504 — 
1-4 Family Rental1,351 107 855 2,313 409,340 411,653 — 
HELOC and Junior Liens1,480 320 2,005 3,805 171,148 174,953 160 
Total Residential Mortgage9,596 570 3,449 13,615 1,003,495 1,017,110 160 
Consumer73 — 17 90 7,752 7,842 — 
Total$18,710 $2,493 $11,503 $32,706 $4,788,428 $4,821,134 $160 

(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 September 30, 2025 and December 31, 2024 are summarized as follows:
September 30, 2025December 31, 2024
(In thousands)With a Related AllowanceWithout a Related AllowanceTotalWith a Related AllowanceWithout a Related AllowanceTotal
Commercial real estate
CRE Nonowner Occupied$3,730 $2,009 $5,739 $2,622 $11,153 $13,775 
CRE Owner Occupied1,036 1,798 2,834 — 546 546 
Multifamily— 138 138 — 154 154 
Farmland— 46 46 — — — 
Total Commercial real estate4,766 3,991 8,757 2,622 11,853 14,475 
Commercial and industrial4,725 471 5,196 758 3,894 4,652 
Construction
Residential Construction— — — — — — 
Other Construction— — — — — — 
Total Construction— — — — — — 
Residential mortgage
1-4 Family 1st Lien24 1,179 1,203 — 1,028 1,028 
1-4 Family Rental— 903 903 — 176 176 
HELOC and Junior Liens— 1,881 1,881 — 2,279 2,279 
Total Residential Mortgage24 3,963 3,987 — 3,483 3,483 
Consumer— 17 17 — — — 
Total loans$9,515 $8,442 $17,957 $3,380 $19,230 $22,610 
Schedule of Allowance and Recorded Investment in Financing Receivables
The following tables present the activity in the ACL - loans by portfolio segment for the three and nine months ended September 30, 2025 and the three and nine months ended September 30, 2024:
(In thousands)Balance at
June 30, 2025		PCD LoansCharge offsRecoveriesNet Loans (Charged off) Recovered
(Benefit)/Provision for Credit Losses (1)
Balance at September 30, 2025
Commercial Real Estate
CRE Nonowner Occupied$10,598 $— $— $9 $9 $(207)$10,400 
CRE Owner Occupied6,430 — — — — (18)6,412 
Multifamily1,978 — — — — 171 2,149 
Farmland2,098 — — — — (184)1,914 
Commercial and industrial8,102 — (91)— (91)1,355 9,366 
Construction
Residential Construction958 — — — — (403)555 
Other Construction2,436 — — — — (1,283)1,153 
Residential Mortgage
1-4 Family 1st Lien2,196 — — 3 3 292 2,491 
1-4 Family Rental2,258 — — — — 52 2,310 
HELOC and Junior Liens520 — — — — 44 564 
Consumer41 — (40)28 (12)(6)23 
Total$37,615 $— $(131)$40 $(91)$(187)$37,337 
(In thousands)Balance at
December 31, 2024		PCD LoansCharge offsRecoveriesNet Loans (Charged off) Recovered
Provision/(Benefit) for Credit Losses (1)
Balance at September 30, 2025
Commercial Real Estate
CRE Nonowner Occupied$11,047 $89 $(691)$11 $(680)$(56)$10,400 
CRE Owner Occupied5,243 100 — — — 1,069 6,412 
Multifamily3,432 31 — — — (1,314)2,149 
Farmland1,932 — — — — (18)1,914 
Commercial and industrial7,122 36 (294)9 (285)2,493 9,366 
Construction
Residential Construction931 — — — — (376)555 
Other Construction2,131 — — — — (978)1,153 
Residential Mortgage
1-4 Family 1st Lien1,503 37 — 88 88 863 2,491 
1-4 Family Rental1,756 47 — — — 507 2,310 
HELOC and Junior Liens392 3 — — — 169 564 
Consumer25 — (70)48 (22)20 23 
Total$35,514 $343 $(1,055)$156 $(899)$2,379 $37,337 
(1) Includes a $2.3 million initial provision on non-PCD loans acquired in the William Penn acquisition
(In thousands)Balance at
June 30, 2024		Charge offsRecoveriesNet Loans (Charged off) Recovered
Provision/(Benefit) for Credit Losses (1)
Balance at September 30, 2024
Commercial Real Estate
CRE Nonowner Occupied$10,647 $— $— $— $387 $11,034 
CRE Owner Occupied5,830 — — — (607)5,223 
Multifamily3,209 — — — 349 3,558 
Farmland2,059 — — — (294)1,765 
Commercial and industrial6,934 (356)— (356)253 6,831 
Construction
Residential Construction1,129 — — — (102)1,027 
Other Construction2,013 — — — 426 2,439 
Residential Mortgage
1-4 Family 1st Lien1,349 — 2 2 156 1,507 
1-4 Family Rental1,704 — — — 68 1,772 
HELOC and Junior Liens397 — — — (9)388 
Consumer17 (8)15 7 (6)18 
Total$35,288 $(364)$17 $(347)$621 $35,562 
(In thousands)Balance at
December 31, 2023		Charge offsRecoveriesNet Loans (Charged off) Recovered
Provision/(Benefit) for Credit Losses (1)
Balance at September 30, 2024
Commercial Real Estate
CRE Nonowner Occupied$10,267 $— $— $— $767 $11,034 
CRE Owner Occupied5,646 — 4 4 (427)5,223 
Multifamily2,202 — — — 1,356 3,558 
Farmland2,064 — — — (299)1,765 
Commercial and industrial7,131 (412)— (412)112 6,831 
Construction
Residential Construction1,256 — — — (229)1,027 
Other Construction2,146 — — — 293 2,439 
Residential Mortgage
1-4 Family 1st Lien1,207 (7)9 2 298 1,507 
1-4 Family Rental1,859 (2)22 20 (107)1,772 
HELOC and Junior Liens389 (21)— (21)20 388 
Consumer20 (34)32 (2)— 18 
Total$34,187 $(476)$67 $(409)$1,784 $35,562 
The following table presents the ACL for loans and the amortized cost basis of the loans by the measurement methodology used as of September 30, 2025 and December 31, 2024:

(In thousands)ACL - LoansLoans
September 30, 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$9,464 $936 $10,400 $1,314,655 $5,739 $1,320,394 
CRE Owner Occupied5,994 418 6,412 697,185 2,834 700,019 
Multifamily2,149 — 2,149 445,274 138 445,412 
Farmland1,914 — 1,914 224,377 46 224,423 
Commercial and industrial8,515 851 9,366 718,910 5,196 724,106 
Construction
Residential Construction555 — 555 91,502 — 91,502 
Other Construction1,153 — 1,153 290,326 — 290,326 
Residential mortgage
1-4 Family 1st Lien2,491 — 2,491 429,301 1,203 430,504 
1-4 Family Rental2,310 — 2,310 410,751 902 411,653 
HELOC and Junior Liens564 — 564 173,071 1,882 174,953 
Consumer23 — 23 7,825 17 7,842 
Total$35,132 $2,205 $37,337 $4,803,177 $17,957 $4,821,134 

(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 three and nine months ended September 30, 2024, whereby the borrower was experiencing financial difficulty at the time of modification, is set forth in the following table:


(In thousands)Interest OnlyTerm ExtensionCombination:
Interest Only and
Term Extension		Total% of Total Class of Financing Receivable
Three months ended September 30, 2024
Commercial and industrial— — 287 287 0.04 
Total$— $— $287 $287 
(In thousands)Interest OnlyTerm ExtensionCombination:
Interest Only and
Term Extension		Total% of Total Class of Financing Receivable
Nine months ended September 30, 2024
Commercial and industrial$— $— $287 $287 0.04 %
HELOC and Junior Liens— — 92 92 0.07 %
Total Residential Mortgage— — 92 92 0.01 %
Total loans$— $— $379 $379 
v3.25.3
Deposits (Tables)
 9 Months Ended
Sep. 30, 2025
Deposits [Abstract]  
Schedule of Deposit Liabilities, Type
Deposits consisted of the following as of September 30, 2025 and December 31, 2024:
(Dollars in thousands)September 30, 2025% of Total DepositsDecember 31, 2024% of Total Deposits
Noninterest-bearing demand deposits$836,374 15.7 %$759,169 16.2 %
Interest-bearing demand deposits1,263,671 23.6 %1,101,444 23.5 %
Money market1,267,307 23.7 %958,051 20.4 %
Savings327,104 6.1 %260,258 5.5 %
Total demand and savings 3,694,456 69.1 %3,078,922 65.6 %
Time1,648,264 30.9 %1,611,005 34.4 %
Total deposits$5,342,720 100.0 %$4,689,927 100.0 %
Schedule of Time Deposits By Maturity Date Table
The scheduled maturities of time deposits at September 30, 2025 were as follows:
Time Deposits
(In thousands)Less than $250,000$250,000 or more
Maturing in 2025$576,287 $190,078 
Maturing in 2026593,287 188,431 
Maturing in 202760,822 6,034 
Maturing in 202815,781 571 
Maturing in 20298,121 260 
Maturing thereafter7,489 1,103 
$1,261,787 $386,477 
v3.25.3
Derivative Financial Instruments (Tables)
 9 Months Ended
Sep. 30, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Notional Amount and Fair Value of Mortgage Banking Derivative Financial Instruments
Information related to loan level swaps is set forth in the following table:
September 30, 2025December 31, 2024
(Dollars in thousands)
 Interest rate swaps on loans with customers
      Notional amount $276,348 $217,150 
      Weighted average remaining term (years) 4.315.11
      Receive fixed rate (weighted average) 5.11 %4.68 %
      Pay variable rate (weighted average)6.46 %6.64 %
      Estimated fair value (1)
$9,201 $11,118 
September 30, 2025December 31, 2024
(Dollars in thousands)
 Interest rate swaps on loans with correspondents
      Notional amount $276,348 $217,150 
      Weighted average remaining term (years) 4.315.11
      Receive variable rate (weighted average) 6.46 %6.64 %
      Pay fixed rate (weighted average)5.11 %4.68 %
      Estimated fair value (2)
$9,201 $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:
September 30, 2025December 31, 2024
(Dollars in thousands)
 Cash flow hedges
      Notional amount $75,000 $295,000 
      Weighted average remaining term (years) 1.091.55
      Pay fixed rate (weighted average) 3.81 %3.64 %
      Receive variable rate (weighted average)3.66 %4.10 %
      Estimated fair value (1)
$290 $2,590 
(1) Estimated fair value, net of accrued interest receivable, is disclosed in Other Assets on the Consolidated Balance Sheet.
v3.25.3
Accumulated Other Comprehensive (Loss) Income (Tables)
 9 Months Ended
Sep. 30, 2025
Other Income and Expenses [Abstract]  
Schedule of Components of Accumulated Other Comprehensive (Loss) Income, Net of Taxes
The changes in each component of accumulated other comprehensive loss, net of taxes, are as follows:
(In thousands)
Unrealized Loss on
Securities		Unrealized
Holding Losses on
Interest Rate
Derivatives used in
Cash Flow Hedges		Defined Benefit
Plans		Total
Balance at June 30, 2025$(12,478)$163 $559 $(11,756)
OCI before reclassifications3,193 (334)(10)2,849 
Amounts reclassified from AOCI— — — — 
Balance at September, 2025$(9,285)$(171)$549 (8,907)
Balance at December 31, 2024$(18,889)$1,485 $579 $(16,825)
OCI before reclassifications9,604 (1,656)(4)7,944 
Amounts reclassified from AOCI— — (26)(26)
Balance at September, 2025$(9,285)$(171)$549 $(8,907)
Balance at June 30, 2024$(19,251)$2,258 $(130)$(17,123)
OCI before reclassifications6,436 (2,427)(2)4,007 
Amounts reclassified from AOCI— — — — 
Balance at September 30, 2024$(12,815)$(169)$(132)$(13,116)
Balance at December 31, 2023$(17,339)$820 $(118)$(16,637)
OCI before reclassifications4,524 (989)3 3,538 
Amounts reclassified from AOCI— — (17)(17)
Balance at September 30, 2024$(12,815)$(169)$(132)$(13,116)
v3.25.3
Fair Value Measurements (Tables)
 9 Months Ended
Sep. 30, 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.
September 30, 2025
(In thousands)Level 1Level 2Level 3Total
Available-for-sale securities:
U.S. Treasury and U.S. government agencies$— $19,942 $— $19,942 
Mortgage-backed U.S. government agencies— 365,623 — 365,623 
State and political subdivision obligations— 3,778 — 3,778 
Corporate debt securities— 38,009 — 38,009 
Equity securities442 — — 442 
Loans held for sale— 6,085 — 6,085 
Other assets:
Derivative assets— 9,491 — 9,491 
Other liabilities:
Derivative liabilities— 9,201 9,201 
December 31, 2024
(In thousands)Level 1Level 2Level 3Total
Available-for-sale securities:
U.S. Treasury and U.S. government agencies$— $21,507 $— $21,507 
Mortgage-backed U.S. government agencies— 202,944 — 202,944 
State and political subdivision obligations— 3,596 — 3,596 
Corporate debt securities— 32,430 — 32,430 
Equity securities428 — — 428 
Loans held for sale— 7,064 — 7,064 
Other assets:
Derivative assets— 13,708 — 13,708 
Other liabilities:
Derivative liabilities— 11,118 — 11,118 
Schedule of Fair Value Measurements, Nonrecurring
The following table illustrates financial instruments measured at fair value on a nonrecurring basis:
September 30, 2025
(In thousands)Level 1Level 2Level 3Total
Individually evaluated loans, net of ACL$— $— $15,752 $15,752 
Foreclosed assets held for sale— — 9,346 9,346 
December 31, 2024
(In thousands)Level 1Level 2Level 3Total
Individually evaluated loans, net of ACL$— $— $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.
September 30, 2025
(In thousands)Fair ValueValuation TechniqueSignificant Unobservable InputRange of InputsWeighted Average
Individually evaluated loans, net of ACL$15,752 Appraisal of collateralAppraisal adjustments8%-100%24.9%
Foreclosed assets held for sale9,346 Appraisal of collateralAppraisal adjustments22%-31%23.9%
December 31, 2024
(In thousands)Fair ValueValuation TechniqueSignificant Unobservable InputRange of InputsWeighted Average
Individually evaluated loans, net of ACL$21,171 Appraisal of collateralAppraisal adjustments—%-100%5.6%
Foreclosed assets held for sale44 Appraisal of collateralAppraisal adjustments26%-26%26.0%
Schedule of Fair Value, by Balance Sheet Grouping
The following tables summarize the carrying amount, fair value, and placement in the fair value hierarchy of Mid Penn's financial instruments as of the periods presented:
September 30, 2025
Carrying
Amount		Estimated Fair Value
(In thousands)Level 1Level 2Level 3Total
Financial instruments - assets
 Cash and cash equivalents $257,169 $257,169 $— $— $257,169 
 Available-for-sale securities427,352 — 427,352 — 427,352 
Held-to-maturity securities354,094 — 325,606 — 325,606 
 Equity securities442 442 — — 442 
 Loans held for sale6,085 — 6,085 — 6,085 
Net loans 4,783,797 — — 4,820,035 4,820,035 
 Restricted investment in bank stocks6,737 6,737 — 6,737 
 Accrued interest receivable29,705 29,705 — — 29,705 
 Derivative assets 9,491 — 9,491 — 9,491 
Financial instruments - liabilities
Deposits$5,342,720 $— $5,352,901 $— $5,352,901 
Short-term borrowings— — — — — 
Long-term debt (1)
20,304 — 20,343 — 20,343 
Subordinated debt37,149 — 36,542 — 36,542 
 Accrued interest payable16,460 16,460 — — 16,460 
 Derivative liabilities9,201 — 9,201 — 9,201 
(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 debt2,000 — 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.
v3.25.3
Commitments and Contingencies (Tables)
 9 Months Ended
Sep. 30, 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 three and nine months ended September 30, 2025 and 2024:
(in thousands)Balance at
June 30, 2025		(Benefit)/Provision for Credit LossBalance at September 30, 2025
1-4 Family Rental$16 $4 $20 
C&I1,203 356 1,559 
CRE NonOwner Occupied113 22 135 
CRE Owner Occupied118 (12)106 
Consumer3 — 3 
Farmland99 (15)84 
HELOC & Junior Liens125 10 135 
Multifamily23 2 25 
Other Construction & Land1,042 (388)654 
Residential Construction469 (219)250 
Residential First Liens7 (7)— 
$3,218 $(247)$2,971 
(in thousands)Balance at
December 31, 2024		Provision/(Benefit) for Credit LossBalance at September 30, 2025
1-4 Family Rental$16 $4 $20 
C&I1,165 394 1,559 
CRE NonOwner Occupied132 3 135 
CRE Owner Occupied98 8 106 
Consumer3 — 3 
Farmland92 (8)84 
HELOC & Junior Liens92 43 135 
Multifamily27 (2)25 
Other Construction & Land792 (138)654 
Residential Construction516 (266)250 
Residential First Liens6 (6)— 
$2,939 $32 $2,971 
(in thousands)Balance at
June 30, 2024		(Benefit)/Provision for Credit LossBalance at
September 30, 2024
1-4 Family Rental$13 $1 $14 
C&I1,154 (8)1,146 
CRE NonOwner Occupied110 22 132 
CRE Owner Occupied128 (14)114 
Consumer3 — 3 
Farmland97 (23)74 
HELOC & Junior Liens96 (6)90 
Multifamily27 14 41 
Other Construction & Land783 (51)732 
Residential Construction655 (43)612 
Residential First Liens5 3 8 
$3,071 $(105)$2,966 
(in thousands)Balance at
December 31, 2023		(Benefit)/Provision for Credit LossBalance at September 30, 2024
1-4 Family Rental$11 $3 $14 
C&I1,270 (124)1,146 
CRE NonOwner Occupied113 19 132 
CRE Owner Occupied106 8 114 
Consumer3 — 3 
Farmland108 (34)74 
HELOC & Junior Liens100 (10)90 
Multifamily24 17 41 
Other Construction & Land1,036 (304)732 
Residential Construction778 (166)612 
Residential First Liens18 (10)8 
$3,567 $(601)$2,966 
v3.25.3
Debt (Tables)
 9 Months Ended
Sep. 30, 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 September 30, 2025 and December 31, 2024.
(Dollars in thousands)September 30, 2025December 31, 2024
FHLB fixed rate instruments:
Due February 2026, 4.51%
$20,000 $20,000 
Due August 2026, 4.80%
292 523 
Due February 2027, 6.71%
12 17 
Total FHLB fixed rate instruments20,304 20,540 
Lease obligations included in long-term debt2,954 3,063 
Total long-term debt$23,258 $23,603 
v3.25.3
Earnings Per Share (Tables)
 9 Months Ended
Sep. 30, 2025
Earnings Per Share [Abstract]  
Schedule of Computing Basic and Diluted Earnings Per Common Share
The following data shows the amounts used in computing basic and diluted earnings per common share:
Three Months Ended September 30,Nine Months Ended September 30,
(In thousands, except per share data)2025202420252024
Net income$18,297 $12,301 $36,801 $36,205 
Weighted average common shares outstanding (basic)23,005,50416,612,65721,322,69816,585,719
Effect of dilutive stock based compensation awards (includes unvested restricted stock and stock options)272,06344,512265,02139,840
Weighted average common shares outstanding (diluted)23,277,56716,657,16921,587,71916,625,559
Basic earnings per common share$0.80 $0.74 $1.73 $2.18 
Diluted earnings per common share0.79 0.74 1.70 2.18 
v3.25.3
Segment Reporting (Tables)
 9 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information
The following table presents certain information reviewed by management:

Three Months Ended September 30,Nine Months Ended September 30,
(in thousands)2025202420252024
Net interest income$53,629 $40,169 $144,344 $115,391 
(Benefit)/Provision for credit losses(434)5162,1361,183
Noninterest income8,1835,17819,56516,344
Noninterest expense37,98229,959116,42286,703
Provision for Income taxes5,9672,5718,5507,644
Net income18,29712,30136,80136,205
Total assets$6,267,349 $5,527,025 $6,267,349 $5,527,025 
v3.25.3
Summary of Significant Accounting Policies (Details)
 9 Months Ended
Sep. 30, 2025
segment
nonbankSubsidiary
Accounting Policies [Abstract]  
Number of nonbank subsidiaries | nonbankSubsidiary 5
Number of reportable segments | segment 1
v3.25.3
Business Combinations - Narrative (Details)
$ / shares in Units, $ in Thousands
 3 Months Ended 9 Months Ended 12 Months Ended
Sep. 25, 2025
USD ($)
shares
Sep. 24, 2025
USD ($)
$ / shares
May 12, 2025
USD ($)
Apr. 30, 2025
USD ($)
branch
$ / shares
shares
Jul. 31, 2024
USD ($)
Sep. 30, 2025
USD ($)
$ / shares
Jun. 30, 2025
USD ($)
Sep. 30, 2024
USD ($)
Sep. 30, 2025
USD ($)
$ / shares
Sep. 30, 2024
USD ($)
Dec. 31, 2024
USD ($)
$ / shares
Business Combination [Line Items]                      
Goodwill           $ 136,620     $ 136,620   $ 128,160
Merger and acquisition           $ 233   $ 109 $ 11,558 $ 109  
Common stock, par value (in dollars per share) | $ / shares           $ 1.00     $ 1.00   $ 1.00
Commonwealth Benefits Group Aquisition                      
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 Group Inc                      
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       $ 6,857              
Merger and acquisition           $ 3     11,200    
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              
Amount at purchase price       358              
Discount (premium)       15              
Amount at par value       343              
Provision expense       2,300              
Revenue           5,000     9,500    
Net income (loss)           $ (255)     $ 438    
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 Bancorp, Inc.                      
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                      
Business Combination [Line Items]                      
Business combination, price of acquisition, expected $ 5,500                    
Equity interest purchase price, percent 70.00%                    
Contingent consideration, maximum amount $ 1,000                    
Annualized revenue             $ 9,000        
Business combination, recognized asset acquired, asset, expected $ 3,300,000                    
Cumberland Advisors | Stock Appreciation Rights (SARs)                      
Business Combination [Line Items]                      
Equity interest issued or issuable, number of shares (in shares) | shares 200,000                    
Maximum aggregate value $ 1,200                    
v3.25.3
Business Combinations - Schedule of Estimated Fair Value of Assets Acquired (Details) - USD ($)
$ in Thousands
Apr. 30, 2025
Sep. 30, 2025
Dec. 31, 2024
Deposits:      
Goodwill   $ 136,620 $ 128,160
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 14,252    
Accrued interest receivable 2,271    
Other assets 11,094    
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 $ 6,857    
v3.25.3
Business Combinations - Schedule of Supplemental Pro Forma Information (Details) - William Penn Acquisition - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Business Combination [Line Items]        
Net interest income after provision for credit losses - loans $ 54,063 $ 44,189 $ 150,492 $ 127,546
Noninterest income 8,183 5,828 20,700 18,352
Noninterest expense 37,982 35,282 116,601 102,583
Net income $ 18,297 $ 12,280 $ 37,229 $ 36,162
v3.25.3
Investment Securities - Narrative (Details) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Dec. 31, 2024
Securities Financing Transactions Disclosures [Abstract]      
Available-for-sale securities $ 427,352   $ 260,477
AFS accrued interest $ 2,000    
Debt Securities, Available-for-Sale, Accrued Interest, after Allowance for Credit Loss, Statement of Financial Position [Extensible Enumeration] Accrued interest receivable    
Held-to-maturity securities $ 354,094   382,447
HTM accrued interest $ 2,000    
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 $ 520,600   440,000
Letter of credit outstanding, amount 160,500   $ 156,000
Net gains $ 0 $ 0  
v3.25.3
Investment Securities - Schedule of Unrealized Gain (Loss) on Investments (Details) - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Available-for-sale    
Amortized Cost $ 439,853 $ 284,770
Gross Unrealized Gains 3,411 11
Gross Unrealized Losses 15,912 24,304
Estimated Fair Value 427,352 260,477
Held-to-maturity    
Amortized Cost 354,094 382,447
Gross Unrealized Gains 7 0
Gross Unrealized Losses 28,495 41,799
Estimated Fair Value 325,606 340,648
Amortized Cost 793,947 667,217
Gross Unrealized Gains 3,418 11
Gross Unrealized Losses 44,407 66,103
Estimated Fair Value 752,958 601,125
U.S. Treasury and U.S. government agencies    
Available-for-sale    
Amortized Cost 20,420 22,247
Gross Unrealized Gains 0 0
Gross Unrealized Losses 478 740
Estimated Fair Value 19,942 21,507
Held-to-maturity    
Amortized Cost 233,545 241,941
Gross Unrealized Gains 0 0
Gross Unrealized Losses 18,568 28,133
Estimated Fair Value 214,977 213,808
Mortgage-backed U.S. government agencies    
Available-for-sale    
Amortized Cost 375,088 222,464
Gross Unrealized Gains 3,200 11
Gross Unrealized Losses 12,665 19,531
Estimated Fair Value 365,623 202,944
Held-to-maturity    
Amortized Cost 33,586 37,593
Gross Unrealized Gains 1 0
Gross Unrealized Losses 3,990 5,508
Estimated Fair Value 29,597 32,085
State and political subdivision obligations    
Available-for-sale    
Amortized Cost 4,334 4,309
Gross Unrealized Gains 0 0
Gross Unrealized Losses 556 713
Estimated Fair Value 3,778 3,596
Held-to-maturity    
Amortized Cost 71,517 77,462
Gross Unrealized Gains 6 0
Gross Unrealized Losses 4,585 6,840
Estimated Fair Value 66,938 70,622
Corporate debt securities    
Available-for-sale    
Amortized Cost 40,011 35,750
Gross Unrealized Gains 211 0
Gross Unrealized Losses 2,213 3,320
Estimated Fair Value 38,009 32,430
Held-to-maturity    
Amortized Cost 15,446 25,451
Gross Unrealized Gains 0 0
Gross Unrealized Losses 1,352 1,318
Estimated Fair Value $ 14,094 $ 24,133
v3.25.3
Investment Securities - Schedule of Fair Value and Unrealized Loss on Debt Security Investments in a Continuous Unrealized Loss Position (Details)
$ in Thousands
Sep. 30, 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 30 9
Available-for-sale securities, Less than 12 Months: Fair Value $ 221,698 $ 72,499
Available-for-sale securities, Less than 12 Months: Unrealized Losses $ 152 $ 1,847
Available-for-sale securities, 12 Months or More: Number of Securities | security 128 129
Available-for-sale securities, 12 Months or More: Fair Value $ 205,654 $ 187,978
Available-for-sale securities, 12 Months or More: Unrealized Losses $ 15,760 $ 22,457
Available-for-sale securities, Total: Number of Securities | security 158 138
Available-for-sale securities, Total: Fair Value $ 427,352 $ 260,477
Available-for-sale securities, Total: Unrealized Losses $ 15,912 $ 24,304
Schedule of Held-to-Maturity Securities [Line Items]    
Held-to-maturity securities, Less than 12 Months: Number of Securities | security 21 14
Held-to-maturity securities, Less than 12 Months: Fair Value $ 8,542 $ 13,839
Held-to-maturity securities, Less than 12 Months: Unrealized Losses $ 131 $ 31
Held-to-maturity securities, 12 Months or More: Number of Securities | security 355 385
Held-to-maturity securities, 12 Months or More: Fair Value $ 317,064 $ 326,809
Held-to-maturity securities, 12 Months or More: Unrealized Losses $ 28,364 $ 41,768
Held-to-maturity securities, Total: Number of Securities | security 376 399
Held-to-maturity securities, Total: Fair Value $ 325,606 $ 340,648
Held-to-maturity securities, Total: Unrealized Losses $ 28,495 $ 41,799
Available-for-sale securities and Held-to-maturity securities, Less than 12 Months: Number of Securities | security 51 23
Available-for-sale securities and Held-to-maturity securities, Less than 12 Months: Fair Value $ 230,240 $ 86,338
Available-for-sale securities and Held-to-maturity securities, Less than 12 Months: Unrealized Losses $ 283 $ 1,878
Available-for-sale securities and Held-to-maturity securities,, 12 Months or More: Number of Securities | security 483 514
Available-for-sale securities and Held-to-maturity securities, 12 Months or More: Fair Value $ 522,718 $ 514,787
Available-for-sale securities and Held-to-maturity securities, 12 Months or More: Unrealized Losses $ 44,124 $ 64,225
Available-for-sale securities and Held-to-maturity securities, Total: Number of Securities | security 534 537
Available-for-sale securities and Held-to-maturity securities, Total: Fair Value $ 752,958 $ 601,125
Available-for-sale securities and Held-to-maturity securities, Total: Unrealized Losses $ 44,407 $ 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 11 12
Available-for-sale securities, 12 Months or More: Fair Value $ 19,942 $ 21,507
Available-for-sale securities, 12 Months or More: Unrealized Losses $ 478 $ 740
Available-for-sale securities, Total: Number of Securities | security 11 12
Available-for-sale securities, Total: Fair Value $ 19,942 $ 21,507
Available-for-sale securities, Total: Unrealized Losses $ 478 $ 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 138 143
Held-to-maturity securities, 12 Months or More: Fair Value $ 214,977 $ 213,808
Held-to-maturity securities, 12 Months or More: Unrealized Losses $ 18,568 $ 28,133
Held-to-maturity securities, Total: Number of Securities | security 138 143
Held-to-maturity securities, Total: Fair Value $ 214,977 $ 213,808
Held-to-maturity securities, Total: Unrealized Losses $ 18,568 $ 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 24 9
Available-for-sale securities, Less than 12 Months: Fair Value $ 208,331 $ 72,499
Available-for-sale securities, Less than 12 Months: Unrealized Losses $ 99 $ 1,847
Available-for-sale securities, 12 Months or More: Number of Securities | security 93 91
Available-for-sale securities, 12 Months or More: Fair Value $ 157,292 $ 130,445
Available-for-sale securities, 12 Months or More: Unrealized Losses $ 12,566 $ 17,684
Available-for-sale securities, Total: Number of Securities | security 117 100
Available-for-sale securities, Total: Fair Value $ 365,623 $ 202,944
Available-for-sale securities, Total: Unrealized Losses $ 12,665 $ 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 $ 436 $ 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 $ 29,161 $ 31,922
Held-to-maturity securities, 12 Months or More: Unrealized Losses $ 3,990 $ 5,507
Held-to-maturity securities, Total: Number of Securities | security 64 64
Held-to-maturity securities, Total: Fair Value $ 29,597 $ 32,085
Held-to-maturity securities, Total: Unrealized Losses $ 3,990 $ 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 $ 36 $ 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 $ 3,742 $ 3,596
Available-for-sale securities, 12 Months or More: Unrealized Losses $ 556 $ 713
Available-for-sale securities, Total: Number of Securities | security 9 8
Available-for-sale securities, Total: Fair Value $ 3,778 $ 3,596
Available-for-sale securities, Total: Unrealized Losses $ 556 $ 713
Schedule of Held-to-Maturity Securities [Line Items]    
Held-to-maturity securities, Less than 12 Months: Number of Securities | security 14 8
Held-to-maturity securities, Less than 12 Months: Fair Value $ 4,741 $ 3,176
Held-to-maturity securities, Less than 12 Months: Unrealized Losses $ 0 $ 30
Held-to-maturity securities, 12 Months or More: Number of Securities | security 148 169
Held-to-maturity securities, 12 Months or More: Fair Value $ 62,197 $ 67,446
Held-to-maturity securities, 12 Months or More: Unrealized Losses $ 4,585 $ 6,810
Held-to-maturity securities, Total: Number of Securities | security 162 177
Held-to-maturity securities, Total: Fair Value $ 66,938 $ 70,622
Held-to-maturity securities, Total: Unrealized Losses $ 4,585 $ 6,840
Corporate debt securities    
Debt Securities, Available-for-Sale [Line Items]    
Available-for-sale securities, Less than 12 Months: Number of Securities | security 5 0
Available-for-sale securities, Less than 12 Months: Fair Value $ 13,331 $ 0
Available-for-sale securities, Less than 12 Months: Unrealized Losses $ 53 $ 0
Available-for-sale securities, 12 Months or More: Number of Securities | security 16 18
Available-for-sale securities, 12 Months or More: Fair Value $ 24,678 $ 32,430
Available-for-sale securities, 12 Months or More: Unrealized Losses $ 2,160 $ 3,320
Available-for-sale securities, Total: Number of Securities | security 21 18
Available-for-sale securities, Total: Fair Value $ 38,009 $ 32,430
Available-for-sale securities, Total: Unrealized Losses $ 2,213 $ 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 $ 3,365 $ 10,500
Held-to-maturity securities, Less than 12 Months: Unrealized Losses $ 131 $ 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 $ 10,729 $ 13,633
Held-to-maturity securities, 12 Months or More: Unrealized Losses $ 1,221 $ 1,318
Held-to-maturity securities, Total: Number of Securities | security 12 15
Held-to-maturity securities, Total: Fair Value $ 14,094 $ 24,133
Held-to-maturity securities, Total: Unrealized Losses $ 1,352 $ 1,318
v3.25.3
Investment Securities - Schedule of Investments Classified by Contractual Maturity Date (Details) - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Amortized Cost    
Due in 1 year or less $ 2,000  
Due after 1 year but within 5 years 24,421  
Due after 5 years but within 10 years 37,500  
Due after 10 years 844  
Available-for-sale securities, amortized cost basis, Total 64,765  
Amortized Cost 439,853 $ 284,770
Fair Value    
Due in 1 year or less 1,968  
Due after 1 year but within 5 years 23,999  
Due after 5 years but within 10 years 35,109  
Due after 10 years 653  
Available-for-sale securities, fair value, Total 61,729  
Available-for-sale securities, fair value 427,352 260,477
Amortized Cost    
Due in 1 year or less 21,743  
Due after 1 year but within 5 years 144,471  
Due after 5 years but within 10 years 141,657  
Due after 10 years 12,637  
Held-to-maturity securities, amortized cost 320,508  
Amortized Cost 354,094 382,447
Fair Value    
Due in 1 year or less 21,595  
Due after 1 year but within 5 years 137,243  
Due after 5 years but within 10 years 126,560  
Due after 10 years 10,611  
Held-to-maturity securities, fair value 296,009  
Held-to-maturity, Fair Value 325,606 $ 340,648
Mortgage-backed securities    
Amortized Cost    
Mortgage-backed securities 375,088  
Fair Value    
Mortgage-backed securities 365,623  
Amortized Cost    
Mortgage-backed securities 33,586  
Fair Value    
Mortgage-backed securities $ 29,597  
v3.25.3
Loans and Allowance for Credit Losses - Loans - Schedule of Classes of the Loan Portfolio (Details) - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Financing Receivable, Recorded Investment [Line Items]    
Loans, net of unearned income $ 4,821,134 $ 4,443,070
Commercial real estate    
Financing Receivable, Recorded Investment [Line Items]    
Loans, net of unearned income 2,690,248 2,512,626
Commercial real estate | CRE Nonowner Occupied    
Financing Receivable, Recorded Investment [Line Items]    
Loans, net of unearned income 1,320,394 1,251,010
Commercial real estate | CRE Owner Occupied    
Financing Receivable, Recorded Investment [Line Items]    
Loans, net of unearned income 700,019 624,007
Commercial real estate | Multifamily    
Financing Receivable, Recorded Investment [Line Items]    
Loans, net of unearned income 445,412 412,900
Commercial real estate | Farmland    
Financing Receivable, Recorded Investment [Line Items]    
Loans, net of unearned income 224,423 224,709
Commercial and industrial    
Financing Receivable, Recorded Investment [Line Items]    
Loans, net of unearned income 724,106 705,392
Construction    
Financing Receivable, Recorded Investment [Line Items]    
Loans, net of unearned income 381,828 425,570
Construction | Residential Construction    
Financing Receivable, Recorded Investment [Line Items]    
Loans, net of unearned income 91,502 99,399
Construction | Other Construction    
Financing Receivable, Recorded Investment [Line Items]    
Loans, net of unearned income 290,326 326,171
Residential mortgage    
Financing Receivable, Recorded Investment [Line Items]    
Loans, net of unearned income 1,017,110 790,620
Residential mortgage | 1-4 Family 1st Lien    
Financing Receivable, Recorded Investment [Line Items]    
Loans, net of unearned income 430,504 313,592
Residential mortgage | 1-4 Family Rental    
Financing Receivable, Recorded Investment [Line Items]    
Loans, net of unearned income 411,653 336,636
Residential mortgage | HELOC and Junior Liens    
Financing Receivable, Recorded Investment [Line Items]    
Loans, net of unearned income 174,953 140,392
Consumer    
Financing Receivable, Recorded Investment [Line Items]    
Loans, net of unearned income $ 7,842 $ 8,862
v3.25.3
Loans and Allowance for Credit Losses - Loans - Narrative (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Dec. 31, 2024
Financing Receivable, Allowance for Credit Losses [Line Items]          
Net deferred loan fees $ 2,800   $ 2,800   $ 3,800
Accrued interest $ 25,100   $ 25,100   22,900
Financing Receivable, Accrued Interest, after Allowance for Credit Loss, Statement of Financial Position [Extensible Enumeration] Other assets   Other assets    
Interest income on nonaccrual loans $ 840 $ 165 $ 1,600 $ 456  
Foreclosure proceedings in process 558   558   861
Loans, net of unearned income 4,821,134   4,821,134   $ 4,443,070
Financing receivable, excluding accrued interest, modified period 0 $ 287 $ 0 $ 379  
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 $ 18,000   $ 18,000    
v3.25.3
Loans and Allowance for Credit Losses - Loans - Schedule of Loan Portfolio Summarized by the Past Due Status (Details) - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income $ 4,821,134 $ 4,443,070
Loans Receivable > 90 Days and Accruing 160 0
Total Past Due    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 32,706 23,078
30-59 Days Past Due    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 18,710 5,549
60-89 Days Past Due    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 2,493 2,005
Greater than 90 Days    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 11,503 15,524
Current    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 4,788,428 4,419,992
Commercial real estate    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 2,690,248 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 1,320,394 1,251,010
Loans Receivable > 90 Days and Accruing 0  
Commercial real estate | CRE Owner Occupied    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 700,019 624,007
Loans Receivable > 90 Days and Accruing 0  
Commercial real estate | Multifamily    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 445,412 412,900
Loans Receivable > 90 Days and Accruing 0  
Commercial real estate | Farmland    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 224,423 224,709
Loans Receivable > 90 Days and Accruing 0  
Commercial real estate | Total Past Due    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 13,849 14,990
Commercial real estate | Total Past Due | CRE Nonowner Occupied    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 5,823 14,454
Commercial real estate | Total Past Due | CRE Owner Occupied    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 4,471 352
Commercial real estate | Total Past Due | Multifamily    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 537 0
Commercial real estate | Total Past Due | Farmland    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 3,018 184
Commercial real estate | 30-59 Days Past Due    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 5,667 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 83 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 3,266 39
Commercial real estate | 30-59 Days Past Due | Multifamily    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 537 0
Commercial real estate | 30-59 Days Past Due | Farmland    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 1,781 184
Commercial real estate | 60-89 Days Past Due    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 1,203 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 12 51
Commercial real estate | 60-89 Days Past Due | Multifamily    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 0 0
Commercial real estate | 60-89 Days Past Due | Farmland    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 1,191 0
Commercial real estate | Greater than 90 Days    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 6,979 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 5,740 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 1,193 262
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 2,676,399 2,497,636
Commercial real estate | Current | CRE Nonowner Occupied    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 1,314,571 1,236,556
Commercial real estate | Current | CRE Owner Occupied    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 695,548 623,655
Commercial real estate | Current | Multifamily    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 444,875 412,900
Commercial real estate | Current | Farmland    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 221,405 224,525
Commercial and industrial    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 724,106 705,392
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 5,152 871
Commercial and industrial | 30-59 Days Past Due    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 3,374 74
Commercial and industrial | 60-89 Days Past Due    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 720 3
Commercial and industrial | Greater than 90 Days    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 1,058 794
Commercial and industrial | Current    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 718,954 704,521
Construction    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 381,828 425,570
Loans Receivable > 90 Days and Accruing 0 0
Construction | Residential Construction    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 91,502 99,399
Loans Receivable > 90 Days and Accruing 0  
Construction | Other Construction    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 290,326 326,171
Loans Receivable > 90 Days and Accruing 0  
Construction | Total Past Due    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 0 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 0 0
Construction | 30-59 Days Past Due    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 0 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 0 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 381,828 425,570
Construction | Current | Residential Construction    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 91,502 99,399
Construction | Current | Other Construction    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 290,326 326,171
Residential mortgage    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 1,017,110 790,620
Loans Receivable > 90 Days and Accruing 160 0
Residential mortgage | 1-4 Family 1st Lien    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 430,504 313,592
Loans Receivable > 90 Days and Accruing 0  
Residential mortgage | 1-4 Family Rental    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 411,653 336,636
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 174,953 140,392
Loans Receivable > 90 Days and Accruing 160  
Residential mortgage | Total Past Due    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 13,615 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 7,497 3,589
Residential mortgage | Total Past Due | 1-4 Family Rental    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 2,313 518
Residential mortgage | Total Past Due | HELOC and Junior Liens    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 3,805 3,090
Residential mortgage | 30-59 Days Past Due    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 9,596 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 6,765 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 1,351 374
Residential mortgage | 30-59 Days Past Due | HELOC and Junior Liens    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 1,480 724
Residential mortgage | 60-89 Days Past Due    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 570 436
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 143 220
Residential mortgage | 60-89 Days Past Due | 1-4 Family Rental    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 107 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 320 209
Residential mortgage | Greater than 90 Days    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 3,449 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 589 516
Residential mortgage | Greater than 90 Days | 1-4 Family Rental    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 855 137
Residential mortgage | Greater than 90 Days | HELOC and Junior Liens    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 2,005 2,157
Residential mortgage | Current    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 1,003,495 783,423
Residential mortgage | Current | 1-4 Family 1st Lien    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 423,007 310,003
Residential mortgage | Current | 1-4 Family Rental    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 409,340 336,118
Residential mortgage | Current | HELOC and Junior Liens    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 171,148 137,302
Consumer    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 7,842 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 90 20
Consumer | 30-59 Days Past Due    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 73 20
Consumer | 60-89 Days Past Due    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 0 0
Consumer | Greater than 90 Days    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income 17 0
Consumer | Current    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Loans, net of unearned income $ 7,752 $ 8,842
v3.25.3
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
Sep. 30, 2025
Dec. 31, 2024
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Financing receivable, with allowance $ 9,515 $ 3,380
Financing receivable, no allowance 8,442 19,230
Financing receivable, recorded investment, nonaccrual status 17,957 22,610
Commercial real estate    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Financing receivable, with allowance 4,766 2,622
Financing receivable, no allowance 3,991 11,853
Financing receivable, recorded investment, nonaccrual status 8,757 14,475
Commercial real estate | CRE Nonowner Occupied    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Financing receivable, with allowance 3,730 2,622
Financing receivable, no allowance 2,009 11,153
Financing receivable, recorded investment, nonaccrual status 5,739 13,775
Commercial real estate | CRE Owner Occupied    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Financing receivable, with allowance 1,036 0
Financing receivable, no allowance 1,798 546
Financing receivable, recorded investment, nonaccrual status 2,834 546
Commercial real estate | Multifamily    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Financing receivable, with allowance 0 0
Financing receivable, no allowance 138 154
Financing receivable, recorded investment, nonaccrual status 138 154
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 4,725 758
Financing receivable, no allowance 471 3,894
Financing receivable, recorded investment, nonaccrual status 5,196 4,652
Construction    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Financing receivable, with allowance 0 0
Financing receivable, no allowance 0 0
Financing receivable, recorded investment, nonaccrual status 0 0
Construction | Residential Construction    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Financing receivable, with allowance 0 0
Financing receivable, no allowance 0 0
Financing receivable, recorded investment, nonaccrual status 0 0
Construction | Other Construction    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Financing receivable, with allowance 0 0
Financing receivable, no allowance 0 0
Financing receivable, recorded investment, nonaccrual status 0 0
Residential mortgage    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Financing receivable, with allowance 24 0
Financing receivable, no allowance 3,963 3,483
Financing receivable, recorded investment, nonaccrual status 3,987 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 1,179 1,028
Financing receivable, recorded investment, nonaccrual status 1,203 1,028
Residential mortgage | 1-4 Family Rental    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Financing receivable, with allowance 0 0
Financing receivable, no allowance 903 176
Financing receivable, recorded investment, nonaccrual status 903 176
Residential mortgage | HELOC and Junior Liens    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Financing receivable, with allowance 0 0
Financing receivable, no allowance 1,881 2,279
Financing receivable, recorded investment, nonaccrual status 1,881 2,279
Consumer    
Financing Receivable, Recorded Investment, Past Due [Line Items]    
Financing receivable, with allowance 0 0
Financing receivable, no allowance 17 0
Financing receivable, recorded investment, nonaccrual status $ 17 $ 0
v3.25.3
Loans and Allowance for Credit Losses - Loans - Schedule of Credit Quality Indicators (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Dec. 31, 2024
Financing Receivable, Recorded Investment [Line Items]          
2024 $ 446,898   $ 446,898   $ 452,501
2023 479,471   479,471   741,401
2022 702,616   702,616   974,898
2021 963,798   963,798   529,580
2020 515,077   515,077   392,001
Prior 1,274,859   1,274,859   949,299
Revolving Loans Amortized Cost Basis 438,415   438,415   403,390
Loans, net of unearned income 4,821,134   4,821,134   4,443,070
Gross charge offs          
Total (131) $ (364) (1,055) $ (476)  
Current period recoveries          
Total 40 17 156 67  
Performing          
Financing Receivable, Recorded Investment [Line Items]          
2024 93,744   93,744   66,625
2023 61,771   61,771   128,347
2022 129,577   129,577   144,750
2021 162,491   162,491   99,379
2020 107,731   107,731   80,238
Prior 342,452   342,452   179,902
Revolving Loans Amortized Cost Basis 116,513   116,513   95,633
Loans, net of unearned income 1,014,279   1,014,279   794,874
Nonperforming          
Financing Receivable, Recorded Investment [Line Items]          
2024 0   0   0
2023 1,160   1,160   168
2022 426   426   0
2021 206   206   0
2020 1,611   1,611   806
Prior 6,269   6,269   2,633
Revolving Loans Amortized Cost Basis 1,001   1,001   1,001
Loans, net of unearned income 10,673   10,673   4,608
Pass          
Financing Receivable, Recorded Investment [Line Items]          
2024 353,154   353,154   385,876
2023 415,897   415,897   610,959
2022 558,631   558,631   823,394
2021 795,566   795,566   428,857
2020 401,716   401,716   306,508
Prior 905,874   905,874   734,660
Revolving Loans Amortized Cost Basis 315,538   315,538   299,622
Loans, net of unearned income 3,746,376   3,746,376   3,589,876
Special mention          
Financing Receivable, Recorded Investment [Line Items]          
2024 0   0   0
2023 116   116   412
2022 2,525   2,525   5,494
2021 1,677   1,677   258
2020 3,366   3,366   0
Prior 6,090   6,090   10,989
Revolving Loans Amortized Cost Basis 0   0   4,688
Loans, net of unearned income 13,774   13,774   21,841
Substandard or lower          
Financing Receivable, Recorded Investment [Line Items]          
2024 0   0   0
2023 527   527   1,515
2022 11,457   11,457   1,260
2021 3,858   3,858   1,086
2020 653   653   4,449
Prior 14,174   14,174   21,115
Revolving Loans Amortized Cost Basis 5,363   5,363   2,446
Loans, net of unearned income 36,032   36,032   31,871
Commercial real estate          
Financing Receivable, Recorded Investment [Line Items]          
Loans, net of unearned income 2,690,248   2,690,248   2,512,626
Commercial real estate | CRE Nonowner Occupied          
Financing Receivable, Recorded Investment [Line Items]          
2024 83,617   83,617   85,501
2023 99,277   99,277   177,533
2022 193,936   193,936   344,332
2021 362,466   362,466   152,157
2020 157,969   157,969   133,931
Prior 409,747   409,747   345,824
Revolving Loans Amortized Cost Basis 13,382   13,382   11,732
Loans, net of unearned income 1,320,394   1,320,394   1,251,010
Gross charge offs          
2024     0   0
2023     0   0
2022     0   0
2021     (691)   0
2020     0   0
Prior     0   0
Revolving Loans Amortized Cost Basis     0   0
Total 0 0 (691) 0 0
Current period recoveries          
2024     0   0
2023     0   0
2022     0   0
2021     8   0
2020     0   0
Prior     3   2
Revolving Loans Amortized Cost Basis     0   0
Total 9 0 11 0 2
Net charge offs          
2024     0   0
2023     0   0
2022     0   0
2021     (683)   0
2020     0   0
Prior     3   2
Revolving Loans Amortized Cost Basis     0   0
Total     (680)   2
Commercial real estate | CRE Nonowner Occupied | Pass          
Financing Receivable, Recorded Investment [Line Items]          
2024 83,617   83,617   85,501
2023 99,277   99,277   176,018
2022 192,396   192,396   343,072
2021 362,466   362,466   152,157
2020 157,969   157,969   130,650
Prior 397,068   397,068   325,478
Revolving Loans Amortized Cost Basis 13,382   13,382   11,732
Loans, net of unearned income 1,306,175   1,306,175   1,224,608
Commercial real estate | CRE Nonowner Occupied | Special mention          
Financing Receivable, Recorded Investment [Line Items]          
2024 0   0   0
2023 0   0   0
2022 0   0   0
2021 0   0   0
2020 0   0   0
Prior 1,946   1,946   3,105
Revolving Loans Amortized Cost Basis 0   0   0
Loans, net of unearned income 1,946   1,946   3,105
Commercial real estate | CRE Nonowner Occupied | Substandard or lower          
Financing Receivable, Recorded Investment [Line Items]          
2024 0   0   0
2023 0   0   1,515
2022 1,540   1,540   1,260
2021 0   0   0
2020 0   0   3,281
Prior 10,733   10,733   17,241
Revolving Loans Amortized Cost Basis 0   0   0
Loans, net of unearned income 12,273   12,273   23,297
Commercial real estate | CRE Owner Occupied          
Financing Receivable, Recorded Investment [Line Items]          
2024 77,697   77,697   52,922
2023 69,232   69,232   99,287
2022 96,532   96,532   111,867
2021 114,118   114,118   66,581
2020 68,583   68,583   77,774
Prior 258,558   258,558   203,946
Revolving Loans Amortized Cost Basis 15,299   15,299   11,630
Loans, net of unearned income 700,019   700,019   624,007
Gross charge offs          
2024     0   0
2023     0   0
2022     0   0
2021     0   0
2020     0   0
Prior     0   0
Revolving Loans Amortized Cost Basis     0   0
Total 0 0 0 0 0
Current period recoveries          
2024     0   0
2023     0   0
2022     0   0
2021     0   0
2020     0   0
Prior     0   4
Revolving Loans Amortized Cost Basis     0   0
Total 0 0 0 4 4
Net charge offs          
2024     0   0
2023     0   0
2022     0   0
2021     0   0
2020     0   0
Prior     0   4
Revolving Loans Amortized Cost Basis     0   0
Total     0   4
Commercial real estate | CRE Owner Occupied | Pass          
Financing Receivable, Recorded Investment [Line Items]          
2024 77,697   77,697   52,922
2023 68,705   68,705   99,065
2022 95,610   95,610   106,876
2021 109,290   109,290   66,160
2020 68,228   68,228   77,774
Prior 254,011   254,011   199,725
Revolving Loans Amortized Cost Basis 15,299   15,299   11,630
Loans, net of unearned income 688,840   688,840   614,152
Commercial real estate | CRE Owner Occupied | Special mention          
Financing Receivable, Recorded Investment [Line Items]          
2024 0   0   0
2023 0   0   222
2022 922   922   4,991
2021 1,570   1,570   227
2020 173   173   0
Prior 2,593   2,593   2,133
Revolving Loans Amortized Cost Basis 0   0   0
Loans, net of unearned income 5,258   5,258   7,573
Commercial real estate | CRE Owner Occupied | Substandard or lower          
Financing Receivable, Recorded Investment [Line Items]          
2024 0   0   0
2023 527   527   0
2022 0   0   0
2021 3,258   3,258   194
2020 182   182   0
Prior 1,954   1,954   2,088
Revolving Loans Amortized Cost Basis 0   0   0
Loans, net of unearned income 5,921   5,921   2,282
Commercial real estate | Multifamily          
Financing Receivable, Recorded Investment [Line Items]          
2024 28,655   28,655   4,843
2023 4,848   4,848   66,119
2022 68,540   68,540   118,568
2021 156,752   156,752   101,871
2020 83,602   83,602   40,450
Prior 98,789   98,789   78,278
Revolving Loans Amortized Cost Basis 4,226   4,226   2,771
Loans, net of unearned income 445,412   445,412   412,900
Gross charge offs          
2024     0   0
2023     0   0
2022     0   0
2021     0   0
2020     0   0
Prior     0   0
Revolving Loans Amortized Cost Basis     0   0
Total 0 0 0 0 0
Current period recoveries          
2024     0   0
2023     0   0
2022     0   0
2021     0   0
2020     0   0
Prior     0   0
Revolving Loans Amortized Cost Basis     0   0
Total 0 0 0 0 0
Net charge offs          
2024     0   0
2023     0   0
2022     0   0
2021     0   0
2020     0   0
Prior     0   0
Revolving Loans Amortized Cost Basis     0   0
Total     0   0
Commercial real estate | Multifamily | Pass          
Financing Receivable, Recorded Investment [Line Items]          
2024 28,655   28,655   4,843
2023 4,848   4,848   66,119
2022 68,540   68,540   118,568
2021 156,752   156,752   101,871
2020 83,602   83,602   40,450
Prior 98,606   98,606   78,070
Revolving Loans Amortized Cost Basis 4,226   4,226   2,771
Loans, net of unearned income 445,229   445,229   412,692
Commercial real estate | Multifamily | Special mention          
Financing Receivable, Recorded Investment [Line Items]          
2024 0   0   0
2023 0   0   0
2022 0   0   0
2021 0   0   0
2020 0   0   0
Prior 45   45   54
Revolving Loans Amortized Cost Basis 0   0   0
Loans, net of unearned income 45   45   54
Commercial real estate | Multifamily | Substandard or lower          
Financing Receivable, Recorded Investment [Line Items]          
2024 0   0   0
2023 0   0   0
2022 0   0   0
2021 0   0   0
2020 0   0   0
Prior 138   138   154
Revolving Loans Amortized Cost Basis 0   0   0
Loans, net of unearned income 138   138   154
Commercial real estate | Farmland          
Financing Receivable, Recorded Investment [Line Items]          
2024 21,257   21,257   27,449
2023 24,468   24,468   31,387
2022 26,242   26,242   56,178
2021 52,004   52,004   42,693
2020 40,062   40,062   25,119
Prior 45,755   45,755   26,892
Revolving Loans Amortized Cost Basis 14,635   14,635   14,991
Loans, net of unearned income 224,423   224,423   224,709
Gross charge offs          
2024     0   0
2023     0   0
2022     0   0
2021     0   0
2020     0   0
Prior     0   0
Revolving Loans Amortized Cost Basis     0   0
Total 0 0 0 0 0
Current period recoveries          
2024     0   0
2023     0   0
2022     0   0
2021     0   0
2020     0   0
Prior     0   0
Revolving Loans Amortized Cost Basis     0   0
Total 0 0 0 0 0
Net charge offs          
2024     0   0
2023     0   0
2022     0   0
2021     0   0
2020     0   0
Prior     0   0
Revolving Loans Amortized Cost Basis     0   0
Total     0   0
Commercial real estate | Farmland | Pass          
Financing Receivable, Recorded Investment [Line Items]          
2024 21,257   21,257   27,449
2023 24,468   24,468   31,259
2022 25,838   25,838   56,178
2021 52,004   52,004   42,693
2020 37,734   37,734   25,119
Prior 45,709   45,709   24,729
Revolving Loans Amortized Cost Basis 14,635   14,635   14,801
Loans, net of unearned income 221,645   221,645   222,228
Commercial real estate | Farmland | Special mention          
Financing Receivable, Recorded Investment [Line Items]          
2024 0   0   0
2023 0   0   128
2022 404   404   0
2021 0   0   0
2020 2,328   2,328   0
Prior 0   0   2,163
Revolving Loans Amortized Cost Basis 0   0   190
Loans, net of unearned income 2,732   2,732   2,481
Commercial real estate | Farmland | Substandard or lower          
Financing Receivable, Recorded Investment [Line Items]          
2024 0   0   0
2023 0   0   0
2022 0   0   0
2021 0   0   0
2020 0   0   0
Prior 46   46   0
Revolving Loans Amortized Cost Basis 0   0   0
Loans, net of unearned income 46   46   0
Commercial and industrial          
Financing Receivable, Recorded Investment [Line Items]          
2024 81,235   81,235   114,175
2023 104,552   104,552   106,719
2022 87,620   87,620   79,205
2021 70,482   70,482   55,235
2020 47,671   47,671   22,700
Prior 98,561   98,561   97,889
Revolving Loans Amortized Cost Basis 233,985   233,985   229,469
Loans, net of unearned income 724,106   724,106   705,392
Gross charge offs          
2024     0   0
2023     0   (201)
2022     0   0
2021     0   0
2020     0   (206)
Prior     (294)   (412)
Revolving Loans Amortized Cost Basis     0   0
Total (91) (356) (294) (412) (819)
Current period recoveries          
2024     0   0
2023     0   0
2022     1   0
2021     0   0
2020     0   0
Prior     8   1
Revolving Loans Amortized Cost Basis     0   0
Total 0 0 9 0 1
Net charge offs          
2024     0   0
2023     0   (201)
2022     1   0
2021     0   0
2020     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]          
2024 81,235   81,235   114,175
2023 104,436   104,436   106,657
2022 76,504   76,504   78,702
2021 69,775   69,775   54,312
2020 46,335   46,335   21,532
Prior 95,752   95,752   92,723
Revolving Loans Amortized Cost Basis 228,622   228,622   222,525
Loans, net of unearned income 702,659   702,659   690,626
Commercial and industrial | Special mention          
Financing Receivable, Recorded Investment [Line Items]          
2024 0   0   0
2023 116   116   62
2022 1,199   1,199   503
2021 107   107   31
2020 865   865   0
Prior 1,506   1,506   3,534
Revolving Loans Amortized Cost Basis 0   0   4,498
Loans, net of unearned income 3,793   3,793   8,628
Commercial and industrial | Substandard or lower          
Financing Receivable, Recorded Investment [Line Items]          
2024 0   0   0
2023 0   0   0
2022 9,917   9,917   0
2021 600   600   892
2020 471   471   1,168
Prior 1,303   1,303   1,632
Revolving Loans Amortized Cost Basis 5,363   5,363   2,446
Loans, net of unearned income 17,654   17,654   6,138
Construction          
Financing Receivable, Recorded Investment [Line Items]          
Loans, net of unearned income 381,828   381,828   425,570
Construction | Residential Construction          
Financing Receivable, Recorded Investment [Line Items]          
2024 17,771   17,771   34,275
2023 39,225   39,225   37,222
2022 21,261   21,261   15,559
2021 1,738   1,738   0
2020 0   0   0
Prior 0   0   2,007
Revolving Loans Amortized Cost Basis 11,507   11,507   10,336
Loans, net of unearned income 91,502   91,502   99,399
Gross charge offs          
2024     0   0
2023     0   0
2022     0   0
2021     0   0
2020     0   0
Prior     0   0
Revolving Loans Amortized Cost Basis     0   0
Total 0 0 0 0 0
Current period recoveries          
2024     0   0
2023     0   0
2022     0   0
2021     0   0
2020     0   0
Prior     0   0
Revolving Loans Amortized Cost Basis     0   0
Total 0 0 0 0 0
Net charge offs          
2024     0   0
2023     0   0
2022     0   0
2021     0   0
2020     0   0
Prior     0   0
Revolving Loans Amortized Cost Basis     0   0
Total     0   0
Construction | Residential Construction | Pass          
Financing Receivable, Recorded Investment [Line Items]          
2024 17,771   17,771   34,275
2023 39,225   39,225   37,222
2022 21,261   21,261   15,559
2021 1,738   1,738   0
2020 0   0   0
Prior 0   0   2,007
Revolving Loans Amortized Cost Basis 11,507   11,507   10,336
Loans, net of unearned income 91,502   91,502   99,399
Construction | Residential Construction | Special mention          
Financing Receivable, Recorded Investment [Line Items]          
2024 0   0   0
2023 0   0   0
2022 0   0   0
2021 0   0   0
2020 0   0   0
Prior 0   0   0
Revolving Loans Amortized Cost Basis 0   0   0
Loans, net of unearned income 0   0   0
Construction | Residential Construction | Substandard or lower          
Financing Receivable, Recorded Investment [Line Items]          
2024 0   0   0
2023 0   0   0
2022 0   0   0
2021 0   0   0
2020 0   0   0
Prior 0   0   0
Revolving Loans Amortized Cost Basis 0   0   0
Loans, net of unearned income 0   0   0
Construction | Other Construction          
Financing Receivable, Recorded Investment [Line Items]          
2024 42,922   42,922   66,711
2023 74,938   74,938   94,619
2022 78,482   78,482   104,439
2021 43,541   43,541   11,664
2020 7,848   7,848   10,983
Prior 14,728   14,728   11,928
Revolving Loans Amortized Cost Basis 27,867   27,867   25,827
Loans, net of unearned income 290,326   290,326   326,171
Gross charge offs          
2024     0   0
2023     0   0
2022     0   0
2021     0   0
2020     0   0
Prior     0   0
Revolving Loans Amortized Cost Basis     0   0
Total 0 0 0 0 0
Current period recoveries          
2024     0   0
2023     0   0
2022     0   0
2021     0   0
2020     0   0
Prior     0   0
Revolving Loans Amortized Cost Basis     0   0
Total 0 0 0 0 0
Net charge offs          
2024     0   0
2023     0   0
2022     0   0
2021     0   0
2020     0   0
Prior     0   0
Revolving Loans Amortized Cost Basis     0   0
Total     0   0
Construction | Other Construction | Pass          
Financing Receivable, Recorded Investment [Line Items]          
2024 42,922   42,922   66,711
2023 74,938   74,938   94,619
2022 78,482   78,482   104,439
2021 43,541   43,541   11,664
2020 7,848   7,848   10,983
Prior 14,728   14,728   11,928
Revolving Loans Amortized Cost Basis 27,867   27,867   25,827
Loans, net of unearned income 290,326   290,326   326,171
Construction | Other Construction | Special mention          
Financing Receivable, Recorded Investment [Line Items]          
2024 0   0   0
2023 0   0   0
2022 0   0   0
2021 0   0   0
2020 0   0   0
Prior 0   0   0
Revolving Loans Amortized Cost Basis 0   0   0
Loans, net of unearned income 0   0   0
Construction | Other Construction | Substandard or lower          
Financing Receivable, Recorded Investment [Line Items]          
2024 0   0   0
2023 0   0   0
2022 0   0   0
2021 0   0   0
2020 0   0   0
Prior 0   0   0
Revolving Loans Amortized Cost Basis 0   0   0
Loans, net of unearned income 0   0   0
Residential mortgage          
Financing Receivable, Recorded Investment [Line Items]          
Loans, net of unearned income 1,017,110   1,017,110   790,620
Residential mortgage | 1-4 Family 1st Lien          
Financing Receivable, Recorded Investment [Line Items]          
2024 55,765   55,765   27,580
2023 31,094   31,094   59,762
2022 60,927   60,927   45,946
2021 51,383   51,383   34,743
2020 39,577   39,577   42,938
Prior 190,536   190,536   99,708
Revolving Loans Amortized Cost Basis 1,222   1,222   2,915
Loans, net of unearned income 430,504   430,504   313,592
Gross charge offs          
2024     0   0
2023     0   0
2022     0   0
2021     0   0
2020     0   0
Prior     0   (7)
Revolving Loans Amortized Cost Basis     0   0
Total 0 0 0 (7) (7)
Current period recoveries          
2024     0   0
2023     0   0
2022     0   0
2021     0   0
2020     0   0
Prior     88   16
Revolving Loans Amortized Cost Basis     0   0
Total 3 2 88 9 16
Net charge offs          
2024     0   0
2023     0   0
2022     0   0
2021     0   0
2020     0   0
Prior     88   9
Revolving Loans Amortized Cost Basis     0   0
Total     88   9
Residential mortgage | 1-4 Family 1st Lien | Performing          
Financing Receivable, Recorded Investment [Line Items]          
2024 55,765   55,765   27,580
2023 31,094   31,094   59,762
2022 60,827   60,827   45,946
2021 51,336   51,336   34,743
2020 39,577   39,577   42,727
Prior 187,237   187,237   98,891
Revolving Loans Amortized Cost Basis 1,222   1,222   2,915
Loans, net of unearned income 427,058   427,058   312,564
Residential mortgage | 1-4 Family 1st Lien | Nonperforming          
Financing Receivable, Recorded Investment [Line Items]          
2024 0   0   0
2023 0   0   0
2022 100   100   0
2021 47   47   0
2020 0   0   211
Prior 3,299   3,299   817
Revolving Loans Amortized Cost Basis 0   0   0
Loans, net of unearned income 3,446   3,446   1,028
Residential mortgage | 1-4 Family Rental          
Financing Receivable, Recorded Investment [Line Items]          
2024 28,884   28,884   28,735
2023 23,884   23,884   51,635
2022 50,018   50,018   88,594
2021 101,803   101,803   59,397
2020 64,479   64,479   35,817
Prior 140,667   140,667   70,449
Revolving Loans Amortized Cost Basis 1,918   1,918   2,009
Loans, net of unearned income 411,653   411,653   336,636
Gross charge offs          
2024     0   0
2023     0   0
2022     0   0
2021     0   0
2020     0   0
Prior     0   (2)
Revolving Loans Amortized Cost Basis     0   0
Total 0 0 0 (2) (2)
Current period recoveries          
2024     0   0
2023     0   0
2022     0   0
2021     0   0
2020     0   0
Prior     0   22
Revolving Loans Amortized Cost Basis     0   0
Total 0 0 0 22 22
Net charge offs          
2024     0   0
2023     0   0
2022     0   0
2021     0   0
2020     0   0
Prior     0   20
Revolving Loans Amortized Cost Basis     0   0
Total     0   20
Residential mortgage | 1-4 Family Rental | Performing          
Financing Receivable, Recorded Investment [Line Items]          
2024 28,884   28,884   28,735
2023 23,884   23,884   51,488
2022 49,872   49,872   88,594
2021 101,803   101,803   59,397
2020 62,868   62,868   35,222
Prior 139,486   139,486   69,890
Revolving Loans Amortized Cost Basis 1,918   1,918   2,009
Loans, net of unearned income 408,715   408,715   335,335
Residential mortgage | 1-4 Family Rental | Nonperforming          
Financing Receivable, Recorded Investment [Line Items]          
2024 0   0   0
2023 0   0   147
2022 146   146   0
2021 0   0   0
2020 1,611   1,611   595
Prior 1,181   1,181   559
Revolving Loans Amortized Cost Basis 0   0   0
Loans, net of unearned income 2,938   2,938   1,301
Residential mortgage | HELOC and Junior Liens          
Financing Receivable, Recorded Investment [Line Items]          
2024 6,883   6,883   6,096
2023 6,732   6,732   16,146
2022 18,148   18,148   9,856
2021 9,172   9,172   4,845
2020 4,991   4,991   2,182
Prior 16,803   16,803   12,144
Revolving Loans Amortized Cost Basis 112,224   112,224   89,123
Loans, net of unearned income 174,953   174,953   140,392
Gross charge offs          
2024     0   0
2023     0   0
2022     0   (21)
2021     0   0
2020     0   0
Prior     0   0
Revolving Loans Amortized Cost Basis     0   0
Total 0 0 0 (21) (21)
Current period recoveries          
2024     0   0
2023     0   0
2022     0   0
2021     0   0
2020     0   0
Prior     0   0
Revolving Loans Amortized Cost Basis     0   0
Total 0 0 0 0 0
Net charge offs          
2024     0   0
2023     0   0
2022     0   (21)
2021     0   0
2020     0   0
Prior     0   0
Revolving Loans Amortized Cost Basis     0   0
Total     0   (21)
Residential mortgage | HELOC and Junior Liens | Performing          
Financing Receivable, Recorded Investment [Line Items]          
2024 6,883   6,883   6,096
2023 5,572   5,572   16,125
2022 18,002   18,002   9,856
2021 9,013   9,013   4,845
2020 4,991   4,991   2,182
Prior 15,014   15,014   10,887
Revolving Loans Amortized Cost Basis 111,223   111,223   88,122
Loans, net of unearned income 170,698   170,698   138,113
Residential mortgage | HELOC and Junior Liens | Nonperforming          
Financing Receivable, Recorded Investment [Line Items]          
2024 0   0   0
2023 1,160   1,160   21
2022 146   146   0
2021 159   159   0
2020 0   0   0
Prior 1,789   1,789   1,257
Revolving Loans Amortized Cost Basis 1,001   1,001   1,001
Loans, net of unearned income 4,255   4,255   2,279
Consumer          
Financing Receivable, Recorded Investment [Line Items]          
2024 2,212   2,212   4,214
2023 1,221   1,221   972
2022 910   910   354
2021 339   339   394
2020 295   295   107
Prior 715   715   234
Revolving Loans Amortized Cost Basis 2,150   2,150   2,587
Loans, net of unearned income 7,842   7,842   8,862
Gross charge offs          
2024     0   0
2023     0   0
2022     0   (2)
2021     0   0
2020     0   0
Prior     (70)   (50)
Revolving Loans Amortized Cost Basis     0   0
Total (40) (8) (70) (34) (52)
Current period recoveries          
2024     0   0
2023     0   0
2022     0   1
2021     0   0
2020     0   0
Prior     48   38
Revolving Loans Amortized Cost Basis     0   0
Total 28 $ 15 48 $ 32 39
Net charge offs          
2024     0   0
2023     0   0
2022     0   (1)
2021     0   0
2020     0   0
Prior     (22)   (12)
Revolving Loans Amortized Cost Basis     0   0
Total     (22)   (13)
Consumer | Performing          
Financing Receivable, Recorded Investment [Line Items]          
2024 2,212   2,212   4,214
2023 1,221   1,221   972
2022 876   876   354
2021 339   339   394
2020 295   295   107
Prior 715   715   234
Revolving Loans Amortized Cost Basis 2,150   2,150   2,587
Loans, net of unearned income 7,808   7,808   8,862
Consumer | Nonperforming          
Financing Receivable, Recorded Investment [Line Items]          
2024 0   0   0
2023 0   0   0
2022 34   34   0
2021 0   0   0
2020 0   0   0
Prior 0   0   0
Revolving Loans Amortized Cost Basis 0   0   0
Loans, net of unearned income $ 34   $ 34   $ 0
v3.25.3
Loans and Allowance for Credit Losses - Loans - Schedule of ACL Loans by Portfolio Segment (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended 12 Months Ended
Apr. 30, 2025
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Dec. 31, 2024
Financing Receivable, Allowance for Credit Loss [Roll Forward]            
Allowance for loan losses, beginning balance   $ 37,615 $ 35,288 $ 35,514 $ 34,187 $ 34,187
PCD Loans   0   343    
Charge offs   (131) (364) (1,055) (476)  
Recoveries   40 17 156 67  
Net Loans (Charged off) Recovered   (91) (347) (899) (409)  
Provision/(Benefit) for credit losses   (187) 621 2,379 1,784  
Allowance for loan losses, ending balance   37,337 35,562 37,337 35,562 35,514
William Penn Acquisition            
Financing Receivable, Allowance for Credit Loss [Roll Forward]            
Provision expense $ 2,300          
Commercial real estate | CRE Nonowner Occupied            
Financing Receivable, Allowance for Credit Loss [Roll Forward]            
Allowance for loan losses, beginning balance   10,598 10,647 11,047 10,267 10,267
PCD Loans   0   89    
Charge offs   0 0 (691) 0 0
Recoveries   9 0 11 0 2
Net Loans (Charged off) Recovered   9 0 (680) 0  
Provision/(Benefit) for credit losses   (207) 387 (56) 767  
Allowance for loan losses, ending balance   10,400 11,034 10,400 11,034 11,047
Commercial real estate | CRE Owner Occupied            
Financing Receivable, Allowance for Credit Loss [Roll Forward]            
Allowance for loan losses, beginning balance   6,430 5,830 5,243 5,646 5,646
PCD Loans   0   100    
Charge offs   0 0 0 0 0
Recoveries   0 0 0 4 4
Net Loans (Charged off) Recovered   0 0 0 4  
Provision/(Benefit) for credit losses   (18) (607) 1,069 (427)  
Allowance for loan losses, ending balance   6,412 5,223 6,412 5,223 5,243
Commercial real estate | Multifamily            
Financing Receivable, Allowance for Credit Loss [Roll Forward]            
Allowance for loan losses, beginning balance   1,978 3,209 3,432 2,202 2,202
PCD Loans   0   31    
Charge offs   0 0 0 0 0
Recoveries   0 0 0 0 0
Net Loans (Charged off) Recovered   0 0 0 0  
Provision/(Benefit) for credit losses   171 349 (1,314) 1,356  
Allowance for loan losses, ending balance   2,149 3,558 2,149 3,558 3,432
Commercial real estate | Farmland            
Financing Receivable, Allowance for Credit Loss [Roll Forward]            
Allowance for loan losses, beginning balance   2,098 2,059 1,932 2,064 2,064
PCD Loans   0   0    
Charge offs   0 0 0 0 0
Recoveries   0 0 0 0 0
Net Loans (Charged off) Recovered   0 0 0 0  
Provision/(Benefit) for credit losses   (184) (294) (18) (299)  
Allowance for loan losses, ending balance   1,914 1,765 1,914 1,765 1,932
Commercial and industrial            
Financing Receivable, Allowance for Credit Loss [Roll Forward]            
Allowance for loan losses, beginning balance   8,102 6,934 7,122 7,131 7,131
PCD Loans   0   36    
Charge offs   (91) (356) (294) (412) (819)
Recoveries   0 0 9 0 1
Net Loans (Charged off) Recovered   (91) (356) (285) (412)  
Provision/(Benefit) for credit losses   1,355 253 2,493 112  
Allowance for loan losses, ending balance   9,366 6,831 9,366 6,831 7,122
Construction | Residential Construction            
Financing Receivable, Allowance for Credit Loss [Roll Forward]            
Allowance for loan losses, beginning balance   958 1,129 931 1,256 1,256
PCD Loans   0   0    
Charge offs   0 0 0 0 0
Recoveries   0 0 0 0 0
Net Loans (Charged off) Recovered   0 0 0 0  
Provision/(Benefit) for credit losses   (403) (102) (376) (229)  
Allowance for loan losses, ending balance   555 1,027 555 1,027 931
Construction | Other Construction            
Financing Receivable, Allowance for Credit Loss [Roll Forward]            
Allowance for loan losses, beginning balance   2,436 2,013 2,131 2,146 2,146
PCD Loans   0   0    
Charge offs   0 0 0 0 0
Recoveries   0 0 0 0 0
Net Loans (Charged off) Recovered   0 0 0 0  
Provision/(Benefit) for credit losses   (1,283) 426 (978) 293  
Allowance for loan losses, ending balance   1,153 2,439 1,153 2,439 2,131
Residential mortgage | 1-4 Family 1st Lien            
Financing Receivable, Allowance for Credit Loss [Roll Forward]            
Allowance for loan losses, beginning balance   2,196 1,349 1,503 1,207 1,207
PCD Loans   0   37    
Charge offs   0 0 0 (7) (7)
Recoveries   3 2 88 9 16
Net Loans (Charged off) Recovered   3 2 88 2  
Provision/(Benefit) for credit losses   292 156 863 298  
Allowance for loan losses, ending balance   2,491 1,507 2,491 1,507 1,503
Residential mortgage | 1-4 Family Rental            
Financing Receivable, Allowance for Credit Loss [Roll Forward]            
Allowance for loan losses, beginning balance   2,258 1,704 1,756 1,859 1,859
PCD Loans   0   47    
Charge offs   0 0 0 (2) (2)
Recoveries   0 0 0 22 22
Net Loans (Charged off) Recovered   0 0 0 20  
Provision/(Benefit) for credit losses   52 68 507 (107)  
Allowance for loan losses, ending balance   2,310 1,772 2,310 1,772 1,756
Residential mortgage | HELOC and Junior Liens            
Financing Receivable, Allowance for Credit Loss [Roll Forward]            
Allowance for loan losses, beginning balance   520 397 392 389 389
PCD Loans   0   3    
Charge offs   0 0 0 (21) (21)
Recoveries   0 0 0 0 0
Net Loans (Charged off) Recovered   0 0 0 (21)  
Provision/(Benefit) for credit losses   44 (9) 169 20  
Allowance for loan losses, ending balance   564 388 564 388 392
Consumer            
Financing Receivable, Allowance for Credit Loss [Roll Forward]            
Allowance for loan losses, beginning balance   41 17 25 20 20
PCD Loans   0   0    
Charge offs   (40) (8) (70) (34) (52)
Recoveries   28 15 48 32 39
Net Loans (Charged off) Recovered   (12) 7 (22) (2)  
Provision/(Benefit) for credit losses   (6) (6) 20 0  
Allowance for loan losses, ending balance   $ 23 $ 18 $ 23 $ 18 $ 25
v3.25.3
Loans and Allowance for Credit Losses - Loans - Schedule of ACL for Loans and Amortized Cost Basis (Details) - USD ($)
$ in Thousands
Sep. 30, 2025
Jun. 30, 2025
Dec. 31, 2024
Sep. 30, 2024
Jun. 30, 2024
Dec. 31, 2023
Financing Receivable, Allowance for Credit Losses [Line Items]            
Allowance for loan losses: ending balance, collectively evaluated for impairment $ 35,132   $ 34,075      
Allowance for loan losses: ending balance, individually evaluated for impairment 2,205   1,439      
Allowance for loan losses 37,337 $ 37,615 35,514 $ 35,562 $ 35,288 $ 34,187
Loans receivable: ending balance, collectively evaluated for impairment 4,803,177   4,420,460      
Loans receivable: ending balance, individually evaluated for impairment 17,957   22,610      
Loans, net of unearned income 4,821,134   4,443,070      
Commercial real estate            
Financing Receivable, Allowance for Credit Losses [Line Items]            
Loans, net of unearned income 2,690,248   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 9,464   9,945      
Allowance for loan losses: ending balance, individually evaluated for impairment 936   1,102      
Allowance for loan losses 10,400 10,598 11,047 11,034 10,647 10,267
Loans receivable: ending balance, collectively evaluated for impairment 1,314,655   1,237,235      
Loans receivable: ending balance, individually evaluated for impairment 5,739   13,775      
Loans, net of unearned income 1,320,394   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 5,994   5,243      
Allowance for loan losses: ending balance, individually evaluated for impairment 418   0      
Allowance for loan losses 6,412 6,430 5,243 5,223 5,830 5,646
Loans receivable: ending balance, collectively evaluated for impairment 697,185   623,461      
Loans receivable: ending balance, individually evaluated for impairment 2,834   546      
Loans, net of unearned income 700,019   624,007      
Commercial real estate | Multifamily            
Financing Receivable, Allowance for Credit Losses [Line Items]            
Allowance for loan losses: ending balance, collectively evaluated for impairment 2,149   3,432      
Allowance for loan losses: ending balance, individually evaluated for impairment 0   0      
Allowance for loan losses 2,149 1,978 3,432 3,558 3,209 2,202
Loans receivable: ending balance, collectively evaluated for impairment 445,274   412,746      
Loans receivable: ending balance, individually evaluated for impairment 138   154      
Loans, net of unearned income 445,412   412,900      
Commercial real estate | Farmland            
Financing Receivable, Allowance for Credit Losses [Line Items]            
Allowance for loan losses: ending balance, collectively evaluated for impairment 1,914   1,932      
Allowance for loan losses: ending balance, individually evaluated for impairment 0   0      
Allowance for loan losses 1,914 2,098 1,932 1,765 2,059 2,064
Loans receivable: ending balance, collectively evaluated for impairment 224,377   224,709      
Loans receivable: ending balance, individually evaluated for impairment 46   0      
Loans, net of unearned income 224,423   224,709      
Commercial and industrial | Commercial and industrial            
Financing Receivable, Allowance for Credit Losses [Line Items]            
Allowance for loan losses: ending balance, collectively evaluated for impairment 8,515   6,785      
Allowance for loan losses: ending balance, individually evaluated for impairment 851   337      
Allowance for loan losses 9,366   7,122      
Loans receivable: ending balance, collectively evaluated for impairment 718,910   700,740      
Loans receivable: ending balance, individually evaluated for impairment 5,196   4,652      
Loans, net of unearned income 724,106   705,392      
Construction            
Financing Receivable, Allowance for Credit Losses [Line Items]            
Loans, net of unearned income 381,828   425,570      
Construction | Residential Construction            
Financing Receivable, Allowance for Credit Losses [Line Items]            
Allowance for loan losses: ending balance, collectively evaluated for impairment 555   931      
Allowance for loan losses: ending balance, individually evaluated for impairment 0   0      
Allowance for loan losses 555 958 931 1,027 1,129 1,256
Loans receivable: ending balance, collectively evaluated for impairment 91,502   99,399      
Loans receivable: ending balance, individually evaluated for impairment 0   0      
Loans, net of unearned income 91,502   99,399      
Construction | Other Construction            
Financing Receivable, Allowance for Credit Losses [Line Items]            
Allowance for loan losses: ending balance, collectively evaluated for impairment 1,153   2,131      
Allowance for loan losses: ending balance, individually evaluated for impairment 0   0      
Allowance for loan losses 1,153 2,436 2,131 2,439 2,013 2,146
Loans receivable: ending balance, collectively evaluated for impairment 290,326   326,171      
Loans receivable: ending balance, individually evaluated for impairment 0   0      
Loans, net of unearned income 290,326   326,171      
Residential mortgage            
Financing Receivable, Allowance for Credit Losses [Line Items]            
Loans, net of unearned income 1,017,110   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 2,491   1,503      
Allowance for loan losses: ending balance, individually evaluated for impairment 0   0      
Allowance for loan losses 2,491 2,196 1,503 1,507 1,349 1,207
Loans receivable: ending balance, collectively evaluated for impairment 429,301   312,564      
Loans receivable: ending balance, individually evaluated for impairment 1,203   1,028      
Loans, net of unearned income 430,504   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 2,310   1,756      
Allowance for loan losses: ending balance, individually evaluated for impairment 0   0      
Allowance for loan losses 2,310 2,258 1,756 1,772 1,704 1,859
Loans receivable: ending balance, collectively evaluated for impairment 410,751   336,460      
Loans receivable: ending balance, individually evaluated for impairment 902   176      
Loans, net of unearned income 411,653   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 564   392      
Allowance for loan losses: ending balance, individually evaluated for impairment 0   0      
Allowance for loan losses 564 520 392 388 397 389
Loans receivable: ending balance, collectively evaluated for impairment 173,071   138,113      
Loans receivable: ending balance, individually evaluated for impairment 1,882   2,279      
Loans, net of unearned income 174,953   140,392      
Consumer            
Financing Receivable, Allowance for Credit Losses [Line Items]            
Allowance for loan losses 23 $ 41 25 $ 18 $ 17 $ 20
Loans, net of unearned income 7,842   8,862      
Consumer | Consumer            
Financing Receivable, Allowance for Credit Losses [Line Items]            
Allowance for loan losses: ending balance, collectively evaluated for impairment 23   25      
Allowance for loan losses: ending balance, individually evaluated for impairment 0   0      
Allowance for loan losses 23   25      
Loans receivable: ending balance, collectively evaluated for impairment 7,825   8,862      
Loans receivable: ending balance, individually evaluated for impairment 17   0      
Loans, net of unearned income $ 7,842   $ 8,862      
v3.25.3
Loans and Allowance for Credit Losses - Loans - Schedule of Troubled Debt Restructurings (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Financing Receivable, Modifications [Line Items]        
Financing receivable, excluding accrued interest, modified period $ 0 $ 287 $ 0 $ 379
Interest Only        
Financing Receivable, Modifications [Line Items]        
Financing receivable, excluding accrued interest, modified period   0   0
Term Extension        
Financing Receivable, Modifications [Line Items]        
Financing receivable, excluding accrued interest, modified period   0   0
Combination: Interest Only and Term Extension        
Financing Receivable, Modifications [Line Items]        
Financing receivable, excluding accrued interest, modified period   287   379
Commercial and industrial        
Financing Receivable, Modifications [Line Items]        
Financing receivable, excluding accrued interest, modified period   $ 287   $ 287
% of Total Class of Financing Receivable   4.00%   0.04%
Commercial and industrial | Interest Only        
Financing Receivable, Modifications [Line Items]        
Financing receivable, excluding accrued interest, modified period   $ 0   $ 0
Commercial and industrial | Term Extension        
Financing Receivable, Modifications [Line Items]        
Financing receivable, excluding accrued interest, modified period   0   0
Commercial and industrial | Combination: Interest Only and Term Extension        
Financing Receivable, Modifications [Line Items]        
Financing receivable, excluding accrued interest, modified period   $ 287   287
Residential mortgage        
Financing Receivable, Modifications [Line Items]        
Financing receivable, excluding accrued interest, modified period       $ 92
% of Total Class of Financing Receivable       0.01%
Residential mortgage | HELOC and Junior Liens        
Financing Receivable, Modifications [Line Items]        
Financing receivable, excluding accrued interest, modified period       $ 92
% of Total Class of Financing Receivable       0.07%
Residential mortgage | Interest Only        
Financing Receivable, Modifications [Line Items]        
Financing receivable, excluding accrued interest, modified period       $ 0
Residential mortgage | Interest Only | HELOC and Junior Liens        
Financing Receivable, Modifications [Line Items]        
Financing receivable, excluding accrued interest, modified period       0
Residential mortgage | Term Extension        
Financing Receivable, Modifications [Line Items]        
Financing receivable, excluding accrued interest, modified period       0
Residential mortgage | Term Extension | HELOC and Junior Liens        
Financing Receivable, Modifications [Line Items]        
Financing receivable, excluding accrued interest, modified period       0
Residential mortgage | Combination: Interest Only and Term Extension        
Financing Receivable, Modifications [Line Items]        
Financing receivable, excluding accrued interest, modified period       92
Residential mortgage | Combination: Interest Only and Term Extension | HELOC and Junior Liens        
Financing Receivable, Modifications [Line Items]        
Financing receivable, excluding accrued interest, modified period       $ 92
v3.25.3
Deposits - Schedule of Deposit Liabilities, Type (Details) - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Interest-Bearing Deposit Liabilities, Domestic, by Component [Abstract]    
Noninterest-bearing demand deposits $ 836,374 $ 759,169
Interest-bearing demand deposits 1,263,671 1,101,444
Money market 1,267,307 958,051
Savings 327,104 260,258
Total demand and savings 3,694,456 3,078,922
Time 1,648,264 1,611,005
Total Deposits $ 5,342,720 $ 4,689,927
% of Total Deposits    
Noninterest-bearing demand deposits 15.70% 16.20%
Interest-bearing demand deposits 23.60% 23.50%
Money market 23.70% 20.40%
Savings 6.10% 5.50%
Total demand and savings 69.10% 65.60%
Time 30.90% 34.40%
Total deposits 100.00% 100.00%
v3.25.3
Deposits - Schedule of Time Deposits By Maturity Date (Details) - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Deposit Liability [Line Items]    
Time $ 1,648,264 $ 1,611,005
Time Deposits Less Than250000    
Deposit Liability [Line Items]    
Maturing in 2025 576,287  
Maturing in 2026 593,287  
Maturing in 2027 60,822  
Maturing in 2028 15,781  
Maturing in 2029 8,121  
Maturing thereafter 7,489  
Time 1,261,787  
Time Deposits250000 or More    
Deposit Liability [Line Items]    
Maturing in 2025 190,078  
Maturing in 2026 188,431  
Maturing in 2027 6,034  
Maturing in 2028 571  
Maturing in 2029 260  
Maturing thereafter 1,103  
Time $ 386,477  
v3.25.3
Deposits - Narrative (Details) - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
Deposits [Abstract]    
Brokered certificates of deposits $ 125.0 $ 319.8
CDAR deposits $ 108.0 $ 83.7
v3.25.3
Derivative Financial Instruments - Schedule of Loan Level Swaps (Details) - USD ($)
$ in Thousands
 9 Months Ended 12 Months Ended
Sep. 30, 2025
Dec. 31, 2024
Interest Rate Swap with Customers | Commercial Loan    
Derivative [Line Items]    
Notional amount $ 276,348 $ 217,150
Weighted average remaining term (years) 4 years 3 months 21 days 5 years 1 month 9 days
Receive fixed rate (weighted average) 5.11% 4.68%
Pay variable rate (weighted average) 6.46% 6.64%
Estimated fair value $ 9,201 $ 11,118
Interest Rate Swap with Counterparties | Commercial Loan    
Derivative [Line Items]    
Notional amount $ 276,348 $ 217,150
Weighted average remaining term (years) 4 years 3 months 21 days 5 years 1 month 9 days
Receive fixed rate (weighted average) 6.46% 6.64%
Pay variable rate (weighted average) 5.11% 4.68%
Estimated fair value $ 9,201 $ 11,118
Interest Rate Swaps Used in Cash Flow Hedges | Cash Flow Hedging    
Derivative [Line Items]    
Notional amount $ 75,000 $ 295,000
Weighted average remaining term (years) 1 year 1 month 2 days 1 year 6 months 18 days
Receive fixed rate (weighted average) 3.81% 3.64%
Pay variable rate (weighted average) 3.66% 4.10%
Estimated fair value $ 290 $ 2,590
v3.25.3
Derivative Financial Instruments - Narrative (Details)
$ in Thousands
 9 Months Ended
Sep. 30, 2025
USD ($)
Interest Rate Contract  
Derivative [Line Items]  
Cash flow hedge to be reclassified within 12 months $ 151
v3.25.3
Accumulated Other Comprehensive (Loss) Income (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Accumulated Other Comprehensive Income (Loss) [Line Items]        
Beginning balance $ 775,708 $ 559,686 $ 655,018 $ 542,350
OCI before reclassifications 2,849 4,007 7,944 3,538
Amounts reclassified from AOCI 0 0 (26) (17)
Ending balance 796,323 573,059 796,323 573,059
Unrealized Loss on Securities        
Accumulated Other Comprehensive Income (Loss) [Line Items]        
Beginning balance (12,478) (19,251) (18,889) (17,339)
OCI before reclassifications 3,193 6,436 9,604 4,524
Amounts reclassified from AOCI 0 0 0 0
Ending balance (9,285) (12,815) (9,285) (12,815)
Unrealized Holding Losses on Interest Rate Derivatives used in Cash Flow Hedges        
Accumulated Other Comprehensive Income (Loss) [Line Items]        
Beginning balance 163 2,258 1,485 820
OCI before reclassifications (334) (2,427) (1,656) (989)
Amounts reclassified from AOCI 0 0 0 0
Ending balance (171) (169) (171) (169)
Defined Benefit Plans        
Accumulated Other Comprehensive Income (Loss) [Line Items]        
Beginning balance 559 (130) 579 (118)
OCI before reclassifications (10) (2) (4) 3
Amounts reclassified from AOCI 0 0 (26) (17)
Ending balance 549 (132) 549 (132)
Total        
Accumulated Other Comprehensive Income (Loss) [Line Items]        
Beginning balance (11,756) (17,123) (16,825) (16,637)
Ending balance $ (8,907) $ (13,116) $ (8,907) $ (13,116)
v3.25.3
Fair Value Measurement - Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale securities $ 427,352 $ 260,477
Equity securities 442 428
Loans held for sale $ 6,085 $ 7,064
Other assets:    
Derivative Asset, Statement of Financial Position [Extensible Enumeration] Other assets Other assets
Derivative assets $ 9,491 $ 13,708
Other liabilities:    
Derivative Liability, Statement of Financial Position [Extensible Enumeration] Other liabilities Other liabilities
Derivative liabilities $ 9,201 $ 11,118
U.S. Treasury and U.S. government agencies    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale securities 19,942 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 365,623 202,944
State and political subdivision obligations    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale securities 3,778 3,596
Corporate debt securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale securities 38,009 32,430
Level 1    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale securities 0 0
Equity securities 442 428
Loans held for sale 0 0
Other assets:    
Derivative assets 0 0
Other liabilities:    
Derivative liabilities 0 0
Level 1 | U.S. Treasury and U.S. government agencies    
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, 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, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale securities 0 0
Level 1 | Corporate debt securities    
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 427,352 260,477
Equity securities 0 0
Loans held for sale 6,085 7,064
Other assets:    
Derivative assets 9,491 13,708
Other liabilities:    
Derivative liabilities 9,201 11,118
Level 2 | U.S. Treasury and U.S. government agencies    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale securities 19,942 21,507
Level 2 | Mortgage-backed U.S. government agencies    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale securities 365,623 202,944
Level 2 | State and political subdivision obligations    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale securities 3,778 3,596
Level 2 | Corporate debt securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale securities 38,009 32,430
Level 3    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale securities 0 0
Equity securities 0 0
Loans held for sale 0 0
Other assets:    
Derivative assets 0 0
Other liabilities:    
Derivative liabilities 0
Level 3 | U.S. Treasury and U.S. government agencies    
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, 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, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale securities 0 0
Level 3 | Corporate debt securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale securities $ 0 $ 0
v3.25.3
Fair Value Measurement - Schedule of Fair Value Measurements, Nonrecurring (Details) - Nonrecurring
$ in Thousands
Sep. 30, 2025
USD ($)
Dec. 31, 2024
USD ($)
Individually evaluated loans, net of ACL    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets, nonrecurring $ 15,752 $ 21,171
Individually evaluated loans, net of ACL | Level 1    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets, nonrecurring 0 0
Individually evaluated loans, net of ACL | Level 2    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets, nonrecurring 0 0
Individually evaluated loans, net of ACL | Level 3    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets, nonrecurring $ 15,752 $ 21,171
Individually evaluated loans, net of ACL | Level 3 | Minimum | Measurement Input, Appraised Value | Unobservable Input - Appraisal Adjustments    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Loan, Held-for-sale (as percent) 0.08 0
Individually evaluated loans, net of ACL | Level 3 | Maximum | Measurement Input, Appraised Value | Unobservable Input - Appraisal Adjustments    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Loan, Held-for-sale (as percent) 1 1
Individually evaluated loans, net of ACL | Level 3 | Weighted Average | Measurement Input, Appraised Value | Unobservable Input - Appraisal Adjustments    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Loan, Held-for-sale (as percent) 0.249 0.056
Foreclosed assets held for sale    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets, nonrecurring $ 9,346 $ 44
Foreclosed assets held for sale | Level 1    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets, nonrecurring 0 0
Foreclosed assets held for sale | Level 2    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets, nonrecurring 0 0
Foreclosed assets held for sale | Level 3    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets, nonrecurring $ 9,346 $ 44
Foreclosed assets held for sale | Level 3 | Minimum | Measurement Input, Appraised Value | Unobservable Input - Appraisal Adjustments    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Loan, Held-for-sale (as percent) 0.22 0.26
Foreclosed assets held for sale | Level 3 | Maximum | Measurement Input, Appraised Value | Unobservable Input - Appraisal Adjustments    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Loan, Held-for-sale (as percent) 0.31 0.26
Foreclosed assets held for sale | Level 3 | Weighted Average | Measurement Input, Appraised Value | Unobservable Input - Appraisal Adjustments    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Loan, Held-for-sale (as percent) 0.239 0.260
v3.25.3
Fair Value Measurement - Schedule of Fair Value, by Balance Sheet Grouping (Details) - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Financial instruments - assets    
Available-for-sale securities $ 427,352 $ 260,477
Held-to-maturity securities 325,606 340,648
Loans held for sale 6,085 7,064
Derivative assets 9,491 13,708
Level 1    
Financial instruments - assets    
Cash and cash equivalents 257,169 70,564
Available-for-sale securities 0 0
Held-to-maturity securities 0 0
Equity securities 442 428
Loans held for sale 0 0
Net loans 0 0
Restricted investment in bank stocks
Accrued interest receivable 29,705 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 0
Accrued interest payable 16,460 13,484
Derivative liabilities 0 0
Level 2    
Financial instruments - assets    
Cash and cash equivalents 0 0
Available-for-sale securities 427,352 260,477
Held-to-maturity securities 325,606 340,648
Equity securities 0 0
Loans held for sale 6,085 7,064
Net loans 0 0
Restricted investment in bank stocks 6,737 7,461
Accrued interest receivable 0 0
Derivative assets 9,491 13,708
Financial instruments - liabilities    
Deposits 5,352,901 4,684,548
Short-term borrowings 0 2,000
Long-term debt 20,343 19,120
Subordinated debt 36,542 42,811
Accrued interest payable 0 0
Derivative liabilities 9,201 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 4,820,035 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 0
Accrued interest payable 0 0
Derivative liabilities 0 0
Carrying Amount    
Financial instruments - assets    
Cash and cash equivalents 257,169 70,564
Available-for-sale securities 427,352 260,477
Held-to-maturity securities 354,094 382,447
Equity securities 442 428
Loans held for sale 6,085 7,064
Net loans 4,783,797 4,407,556
Restricted investment in bank stocks 6,737 7,461
Accrued interest receivable 29,705 26,846
Derivative assets 9,491 13,708
Financial instruments - liabilities    
Deposits 5,342,720 4,689,927
Short-term borrowings 0 2,000
Long-term debt 20,304 20,540
Subordinated debt 37,149 45,741
Accrued interest payable 16,460 13,484
Derivative liabilities 9,201 11,118
Estimated Fair Value    
Financial instruments - assets    
Cash and cash equivalents 257,169 70,564
Available-for-sale securities 427,352 260,477
Held-to-maturity securities 325,606 340,648
Equity securities 442 428
Loans held for sale 6,085 7,064
Net loans 4,820,035 4,430,623
Restricted investment in bank stocks 6,737 7,461
Accrued interest receivable 29,705 26,846
Derivative assets 9,491 13,708
Financial instruments - liabilities    
Deposits 5,352,901 4,684,548
Short-term borrowings 0 2,000
Long-term debt 20,343 19,120
Subordinated debt 36,542 42,811
Accrued interest payable 16,460 13,484
Derivative liabilities $ 9,201 $ 11,118
v3.25.3
Commitments and Contingencies - Narrative (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Dec. 31, 2024
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2023
Commitments, Contingencies and Guarantees [Line Items]                
Off-balance-sheet credit exposure $ 2,971 $ 2,966 $ 2,971 $ 2,966 $ 2,939 $ 3,218 $ 3,071 $ 3,567
Off-balance-sheet, liability, credit loss expense (reversal), net of acquisition adjustment     (243)          
Benefit for credit losses - credit commitments $ (247) $ (105) 32 $ (601)        
Financial Standby Letters of Credit                
Commitments, Contingencies and Guarantees [Line Items]                
Commitments to extend credit     $ 66,800   $ 64,300      
v3.25.3
Commitments and Contingencies - Schedule of ACL - OBS by Segment (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Off-Balance-Sheet, Credit Loss, Liability [Roll Forward]        
Beginning balance $ 3,218 $ 3,071 $ 2,939 $ 3,567
Benefit for credit losses - credit commitments (247) (105) 32 (601)
Ending balance 2,971 2,966 2,971 2,966
1-4 Family Rental        
Off-Balance-Sheet, Credit Loss, Liability [Roll Forward]        
Beginning balance 16 13 16 11
Benefit for credit losses - credit commitments 4 1 4 3
Ending balance 20 14 20 14
Commercial and industrial        
Off-Balance-Sheet, Credit Loss, Liability [Roll Forward]        
Beginning balance 1,203 1,154 1,165 1,270
Benefit for credit losses - credit commitments 356 (8) 394 (124)
Ending balance 1,559 1,146 1,559 1,146
CRE NonOwner Occupied        
Off-Balance-Sheet, Credit Loss, Liability [Roll Forward]        
Beginning balance 113 110 132 113
Benefit for credit losses - credit commitments 22 22 3 19
Ending balance 135 132 135 132
CRE Owner Occupied        
Off-Balance-Sheet, Credit Loss, Liability [Roll Forward]        
Beginning balance 118 128 98 106
Benefit for credit losses - credit commitments (12) (14) 8 8
Ending balance 106 114 106 114
Consumer        
Off-Balance-Sheet, Credit Loss, Liability [Roll Forward]        
Beginning balance 3 3 3 3
Benefit for credit losses - credit commitments 0 0 0 0
Ending balance 3 3 3 3
Farmland        
Off-Balance-Sheet, Credit Loss, Liability [Roll Forward]        
Beginning balance 99 97 92 108
Benefit for credit losses - credit commitments (15) (23) (8) (34)
Ending balance 84 74 84 74
HELOC & Junior Liens        
Off-Balance-Sheet, Credit Loss, Liability [Roll Forward]        
Beginning balance 125 96 92 100
Benefit for credit losses - credit commitments 10 (6) 43 (10)
Ending balance 135 90 135 90
Multifamily        
Off-Balance-Sheet, Credit Loss, Liability [Roll Forward]        
Beginning balance 23 27 27 24
Benefit for credit losses - credit commitments 2 14 (2) 17
Ending balance 25 41 25 41
Other Construction & Land        
Off-Balance-Sheet, Credit Loss, Liability [Roll Forward]        
Beginning balance 1,042 783 792 1,036
Benefit for credit losses - credit commitments (388) (51) (138) (304)
Ending balance 654 732 654 732
Residential Construction        
Off-Balance-Sheet, Credit Loss, Liability [Roll Forward]        
Beginning balance 469 655 516 778
Benefit for credit losses - credit commitments (219) (43) (266) (166)
Ending balance 250 612 250 612
Residential First Liens        
Off-Balance-Sheet, Credit Loss, Liability [Roll Forward]        
Beginning balance 7 5 6 18
Benefit for credit losses - credit commitments (7) 3 (6) (10)
Ending balance $ 0 $ 8 $ 0 $ 8
v3.25.3
Debt - Narrative (Details) - USD ($)
$ in Thousands
 9 Months Ended 12 Months Ended
Sep. 30, 2025
Dec. 31, 2024
Debt Instrument [Line Items]    
Short term borrowings $ 0 $ 2,000
Maturity of federal funds purchased from correspondent banks one business day  
Maximum borrowing capacity $ 2,600,000  
Current borrowing available 1,700,000  
Federal home loan bank, maximum amount available, net of deposits and advances 1,900,000  
Letter of credit outstanding, amount 160,500 156,000
Other Correspondent Banks    
Debt Instrument [Line Items]    
Line of credit facility, remaining borrowing capacity 35,000  
Outstanding drawings $ 0 $ 0
v3.25.3
Debt - Schedule of Long-term Debt Outstanding by Due Date (Details) - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Debt Instrument [Line Items]    
Total FHLB fixed rate instruments $ 20,304 $ 20,540
Lease obligations included in long-term debt 2,954 3,063
Total long-term debt 23,258 23,603
Due in February 2026    
Debt Instrument [Line Items]    
Long-term debt outstanding $ 20,000 $ 20,000
Federal Home Loan Bank, advances, branch of FHLB bank, interest rate (as percent) 4.51% 4.51%
Due in August 2026    
Debt Instrument [Line Items]    
Long-term debt outstanding $ 292 $ 523
Federal Home Loan Bank, advances, branch of FHLB bank, interest rate (as percent) 4.80% 4.80%
Due in February 2027    
Debt Instrument [Line Items]    
Long-term debt outstanding $ 12 $ 17
Federal Home Loan Bank, advances, branch of FHLB bank, interest rate (as percent) 6.71% 6.71%
v3.25.3
Subordinated Debt (Details) - Subordinated Debt - USD ($)
$ in Millions
Nov. 30, 2021
Dec. 22, 2020
Jun. 30, 2020
Mar. 20, 2020
Subordinated Notes Due December 2030        
Debt instrument, interest rate, effective percentage   4.50%    
Debt instrument, basis spread on variable rate   0.50%    
Principal amount sold, percent   100.00%    
Subordinated debt issuance   $ 12.2    
Interest rate period (in years)   5 years    
Debt instrument, interest rate, effective percentage   4.50%    
Subordinated Notes Due March 2030        
Debt instrument, interest rate, effective percentage       4.00%
Subordinated debt issuance       $ 15.0
Interest rate period (in years)       5 years
Debt instrument, interest rate, effective percentage       4.25%
Interest payment terms, semi-annually (in years)     5 years  
Riverview Acquisition        
Subordinate debt assumed $ 25.0      
Subordinated debt fair value premium $ 2.3      
Debt instrument, interest rate, effective percentage 5.75%      
Debt instrument, basis spread on variable rate 5.63%      
v3.25.3
Common Stock and Equity Incentive Plans (Details) - USD ($)
$ / shares in Units, $ in Thousands
 3 Months Ended 9 Months Ended
Apr. 30, 2025
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Apr. 23, 2025
Restricted Stock Awards            
Class of Stock [Line Items]            
Allocated share-based compensation expense   $ 550   $ 1,900    
Unrecognized compensation expense   1,300   1,300    
Stock Option            
Class of Stock [Line Items]            
Allocated share-based compensation expense   203   883    
Unrecognized compensation expense   $ 907   $ 907    
William Penn Acquisition            
Class of Stock [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   134,618    
William Penn Acquisition | Restricted Stock Awards            
Class of Stock [Line Items]            
Granted shares unvested (in shares)   53,822   53,822    
Equity interest issued or issuable, additional number of shares (in shares) 215,386          
Employee | Minimum            
Class of Stock [Line Items]            
Restricted shares, vesting period       1 year    
Employee | Maximum            
Class of Stock [Line Items]            
Restricted shares, vesting period       4 years    
Director            
Class of Stock [Line Items]            
Restricted shares, vesting period       12 months    
Dividend Reinvestment Plan            
Class of Stock [Line Items]            
Shares authorized per plan (in shares)   300,000   300,000    
2023 Stock Incentive Plan            
Class of Stock [Line Items]            
Aggregate shares granted (in shares)       550,000    
Shares granted (in shares)       310,804    
Granted shares unvested (in shares)   110,436   110,436    
Allocated share-based compensation expense   $ 1,100 $ 191 $ 3,800 $ 813  
Treasury Stock Repurchase Program            
Class of Stock [Line Items]            
Stock repurchase program, authorized amount (in shares)           $ 15,000
Stock repurchased during period (in shares)   7,857   70,669    
Share price (in dollars per share)   $ 29.53   $ 28.45    
Stock repurchased during period (in shares)   511,391   511,391    
Stock repurchased at average price per share (in dollars per share)   $ 23.57   $ 23.57    
Stock repurchase program, remaining available repurchase amount   $ 2,900   $ 2,900    
v3.25.3
Earnings Per Share - Schedule of Computing Basic and Diluted Earnings Per Common Share (Details) - USD ($)
$ / shares in Units, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Jun. 30, 2025
Mar. 31, 2025
Sep. 30, 2024
Jun. 30, 2024
Mar. 31, 2024
Sep. 30, 2025
Sep. 30, 2024
Earnings Per Share [Abstract]                
Net income $ 18,297 $ 4,762 $ 13,742 $ 12,301 $ 11,771 $ 12,133 $ 36,801 $ 36,205
Weighted average common shares outstanding (basic) (in shares) 23,005,504     16,612,657     21,322,698 16,585,719
Effect of dilutive stock based compensation awards (includes unvested restricted stock and stock options) (in shares) 272,063     44,512     265,021 39,840
Weighted average common shares outstanding (diluted) (in shares) 23,277,567     16,657,169     21,587,719 16,625,559
Basic earnings per common share (In dollars per share) $ 0.80     $ 0.74     $ 1.73 $ 2.18
Diluted earnings per common share (in dollars per share) $ 0.79     $ 0.74     $ 1.70 $ 2.18
v3.25.3
Earnings Per Share - Narrative (Details) - shares
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2024
Earnings Per Share [Abstract]      
Number of antidilutive shares (in shares) 8,480 0 0
v3.25.3
Segment Reporting - Narrative (Details)
 9 Months Ended
Sep. 30, 2025
segment
Segment Reporting [Abstract]  
Number of operating segments 1
Number of reportable segments 1
v3.25.3
Segment Reporting - Schedule of Segment Reporting Information (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Jun. 30, 2025
Mar. 31, 2025
Sep. 30, 2024
Jun. 30, 2024
Mar. 31, 2024
Sep. 30, 2025
Sep. 30, 2024
Dec. 31, 2024
Segment Reporting Information [Line Items]                  
Net interest income $ 53,629     $ 40,169     $ 144,344 $ 115,391  
Noninterest income 8,183     5,178     19,565 16,344  
Noninterest expense 37,982     29,959     116,422 86,703  
Provision for Income taxes 5,967     2,571     8,550 7,644  
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS 18,297 $ 4,762 $ 13,742 12,301 $ 11,771 $ 12,133 36,801 36,205  
Total assets 6,267,349           6,267,349   $ 5,470,936
Reportable Segment                  
Segment Reporting Information [Line Items]                  
Net interest income 53,629     40,169     144,344 115,391  
(Benefit)/Provision for credit losses (434)     516     2,136 1,183  
Noninterest income 8,183     5,178     19,565 16,344  
Noninterest expense 37,982     29,959     116,422 86,703  
Provision for Income taxes 5,967     2,571     8,550 7,644  
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS 18,297     12,301     36,801 36,205  
Total assets $ 6,267,349     $ 5,527,025     $ 6,267,349 $ 5,527,025