Mid Penn Bancorp (MPB) Financial Statements (2024 and earlier)

Company Profile

Business Address 2407 PARK DRIVE
HARRISBURG, PA 17110
State of Incorp. PA
Fiscal Year End December 31
Industry (SIC) 6022 - State Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments57,773187,63133,34030,40329,17222,823
Cash and cash equivalents57,773187,13132,82530,40324,60019,795
Short-term investments  500515 4,5723,028
Financing receivable, accrued interest, after allowance for credit loss   
Debt securities, held-to-maturity, accrued interest, after allowance for credit loss   
Total current assets:57,773187,63133,34030,40329,17222,823
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization2,9073,0873,2673,447
Operating lease, right-of-use asset8,7989,05510,15711,442
Property, plant and equipment34,47133,23224,88624,93725,30316,168
Long-term investments and receivables   146190233277
Long-term investments   146190233277
Intangible assets, net (including goodwill)121,491123,27167,20068,59870,0614,352
Goodwill114,231113,83562,84062,84062,8403,918
Intangible assets, net (excluding goodwill)7,2609,4364,3605,7587,221434
Deferred income tax assets13,67410,7793,619 
Total noncurrent assets:181,341179,424109,275108,61495,59720,797
Other undisclosed assets4,258,8404,322,3702,856,3332,092,1581,953,2121,126,734
TOTAL ASSETS:4,497,9544,689,4252,998,9482,231,1752,077,9811,170,354
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt102,64770,271125,61727,74643,10034,611
Total current liabilities:102,64770,271125,61727,74643,10034,611
Noncurrent Liabilities
Liabilities, other than long-term debt   7,579   
Investment program, proportional amortization method, elected, commitment   7,579   
Total noncurrent liabilities:   7,579   
Other undisclosed liabilities3,883,2084,129,0782,610,0641,965,5551,811,6721,060,040
Total liabilities:3,985,8554,199,3492,743,2601,993,3011,854,7721,094,651
Equity
Equity, attributable to parent512,099490,076255,688237,874223,20975,703
Common stock16,09416,0568,5128,4818,4604,242
Treasury stock, value(4,880)(1,923)(1,795)   
Additional paid in capital386,987384,742178,853178,159177,56540,970
Accumulated other comprehensive income (loss)(19,216)158(57)343(2,378)(2,074)
Retained earnings133,11491,04370,17550,89139,56232,565
Total equity:512,099490,076255,688237,874223,20975,703
TOTAL LIABILITIES AND EQUITY:4,497,9544,689,4252,998,9482,231,1752,077,9811,170,354

Income Statement (P&L) ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues165,862121,766105,73891,01363,37445,058
Net investment income165,600120,797105,29690,18262,81340,506
Cost of revenue(4,300)(2,945)(4,200)(1,390)(500)(325)
Provision for loan, lease, and other losses(4,300)(2,945)(4,200)(1,390)(500)
Financial services costs(325)
Gross profit:161,562118,821101,53889,62362,87444,733
Operating expenses(19,491)(18,085)(15,518)(15,147)(16,057)(23,888)
Other operating income, net
(Noninterest Income, Other Operating Income)
7,7933,2092,3331,5202,039879
Operating income:149,864103,94588,35375,99648,85621,724
Nonoperating income
(Bank Owned Life Insurance Income)
1,013358301314286262
Interest and debt expense(17,767)(14,754)(19,727)(25,164)(12,720)(6,304)
Other undisclosed loss from continuing operations before equity method investments, income taxes   (37,588)(29,720)(23,697)(4,093)
Income from continuing operations before equity method investments, income taxes:133,11089,54931,33921,42612,72511,589
Other undisclosed loss from continuing operations before income taxes(65,763)(53,498)    
Income from continuing operations before income taxes:67,34736,05131,33921,42612,72511,589
Income tax expense(12,541)(6,732)(5,130)(3,725)(2,129)(4,500)
Income from continuing operations:54,80629,31926,20917,70110,5967,089
Income before gain (loss) on sale of properties:29,31926,20917,70110,5967,089
Net income attributable to parent:54,80629,31926,20917,70110,5967,089
Preferred stock dividends and other adjustments     (102) 
Net income available to common stockholders, diluted:54,80629,31926,20917,70110,4947,089

Comprehensive Income ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:54,80629,31926,20917,70110,5967,089
Other comprehensive income (loss)(19,374)215(400)2,721(339)1,120
Comprehensive income, net of tax, attributable to parent:35,43229,53425,80920,42210,2578,209

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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