宾州中部银行 2025年季度报告

FORM10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________Commission file number1-13677MID PENN BANCORP, INC.(Exact Name of Registrant as Specified in its Charter) Pennsylvania(State or Other Jurisdiction ofIncorporation or Organization)2407 Park DriveHarrisburg,Pennsylvania(Address of Principal Executive Offices) (I.R.S. EmployerIdentification Number) Registrant’s telephone number, including area code1.866.642.7736 Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to suchfiling requirements for the past 90 days.Yes x No o Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submitsuch files).Yes x No o Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, oran emerging growth company. See definition of "large accelerated filer", "accelerated filer", "smaller reporting company", and "emerging growthcompany" in Rule 12b-2 of the Exchange Act. Large accelerated fileroAccelerated FilerxEmerging Growth CompanyNon-accelerated FileroSmaller Reporting Companyo If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with anynew or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.o Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).Yes o No x As of July31, 2025, the registrant had22,998,832shares of common stock outstanding, par value $1.00 per share. FORM 10-Q TABLE OF CONTENTS PART 1 – FINANCIAL INFORMATIONItem 1 – Financial Statements4Consolidated Balance Sheets as ofJune30, 2025andDecember31, 2024(Unaudited)4Consolidated Statements of Income for theThree and SixMonths EndedJune30, 2025and2024(Unaudited)5Consolidated Statements of Comprehensive Income for theThree and SixMonths EndedJune30,2025and2024(Unaudited)6Consolidated Statements of Changes in Shareholders’ Equity for theThree and SixMonths EndedJune30, 2025and2024(Unaudited)7Consolidated Statements of Cash Flows for theSix Months EndedJune30, 2025and2024(Unaudited)9Notes to Consolidated Financial Statements (Unaudited)11Item 2 – Management’s Discussion and Analysis of Financial Condition and Results of Operations51Item 3 – Quantitative and Qualitative Disclosures about Market Risk75Item 4 – Controls and Procedures76PART II – OTHER INFORMATION77Item 1 – Legal Proceedings77Item 1A – Risk Factors77Item 2 – Unregistered Sales of Equity Securities and Use of Proceeds78Item 3 – Defaults upon Senior Securities79Item 4 – Mine Safety Disclosures79Item 5 – Other Information79Item 6 – Exhibits80Signatures81 Unless the context otherwise requires, the terms "Mid Penn", "Corporation" "we", "us", and "our" refer to Mid Penn Bancorp, Inc.and its consolidated wholly-owned banking subsidiary and nonbank subsidiaries. CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) Table of Contents (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 orloss. Amounts are included in other income on the Consolidated Statements of Income within total noninterest income. The accompanying notes are an integral part of these unaudited consolidated financial statements. Table of Contents Table of Contents NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) Note 1 -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 itsnonbank subsidiaries, engages in a full-service commercial banking and trust business, making available to the community a widerange of financial services, including, but not limited to, mortgage and home equity loans, secured and unsecured commercial andconsumer loans, lines of credit, construction financing, farm loans, community development loans, loans to non-profit entities andlocal government loans, and various types of time and demand deposits including but not limited to, checking accounts, savingsaccounts, clu