Mid Penn Bancorp reports $21.63 million net income for Q3 2026

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For the quarterly period ended June September 30, 2026

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As of July October 31, 2026, the registrant had 25,335,215 25,343,036 shares of common stock outstanding, par value $1.00 per share.

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Financial statements 223 changes

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(Dollars in thousands, except per share data) June September 30, 2026 December 31, 2025

Cash and due from banks $ 55,168 58,237 $ 46,695

Interest-bearing balances with other financial institutions 15,367 18,630 29,178

Federal funds sold 16,111 92,241 23,045

Total Cash and cash equivalents 86,646 169,108 98,918

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HTM, at amortized cost (fair value $ 346,306 331,020 and $ 321,702 , respectively)

AFS, at fair value (amortized cost $ 513,616 505,027 and $ 426,512 , respectively)

Equity securities, at fair value 5,387 5,175 5,446

Loans held-for-sale, at fair value 16,595 20,215 3,668

Loans, net of unearned income 5,617,169 5,636,482 4,862,838

Less: ACL - Loans ( 41,640 40,244 ) ( 36,091 )

Net loans 5,575,529 5,596,238 4,826,747

Premises and equipment, net 49,236 47,161 48,742

Operating lease right-of-use asset 15,872 14,903 15,169

Finance lease right-of-use asset 2,278 2,233 2,368

Cash surrender value of life insurance 117,515 118,330 95,351

Restricted investment in bank stocks 15,720 11,805 7,576

Accrued interest receivable 33,391 34,620 29,640

Deferred income taxes 23,227 27,418 21,416

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Other assets 52,191 56,173

Core deposit and other intangibles, net 31,173 29,465 14,657

Foreclosed assets held-for-sale 8,390 10,321 7,806

Other assets 59,450 56,173

Total Assets $ 7,062,910 7,140,000 $ 6,133,896

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Total Deposits 5,953,297 5,214,663

Other liabilities 38,854 34,856

Noninterest-bearing demand $ 973,371 923,275 $ 834,013

Interest-bearing transaction accounts 3,299,576 3,551,344 2,829,175

Time 1,680,350 1,620,432 1,551,475

Total Deposits 6,095,051 5,214,663

Short-term borrowings 137,500 68,000 20,833

Long-term debt 2,902 2,808 23,139

Operating lease liability 16,275 15,367 15,405

Accrued interest payable 12,175 13,025 10,942

Other liabilities 43,110 34,856

Total Liabilities 6,161,003 6,237,361 5,319,838

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Retained earnings 238,224 219,685

Common stock, par value $ 1.00 per share; 40,000,000 shares authorized at June September 30, 2026 and December 31, 2025; 25,923,997 25,948,057 issued at June September 30, 2026 and 23,567,094 at December 31, 2025; 25,320,686 25,342,443 outstanding at June September 30, 2026 and 23,047,203 at December 31, 2025

Additional paid-in capital 661,903 663,367 589,421

Retained earnings 254,017 219,685

Accumulated other comprehensive loss ( 9,142 25,691 ) ( 6,323 )

Treasury stock, at cost; 603,311 605,614 shares at June September 30, 2026 and 519,891 at December 31, 2025 ( 15,002 ) ( 12,292 )

Total Shareholders' Equity 901,907 902,639 814,058

Total Liabilities and Shareholders' Equity $ 7,062,910 7,140,000 $ 6,133,896

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Three Months Ended June 30, Six Months Ended June 30,

Loans, including fees $ 88,574 $ 72,469 $ 165,373 $ 139,006

Three Months Ended September 30, Nine Months Ended September 30, (Dollars in thousands, except per share data) 2026 2025 2026 2025

Loans, including fees $ 88,685 $ 76,262 $ 254,057 $ 215,268

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Taxable 7,558 4,637 14,059 9,097

Tax-exempt 284 344 581 692

Other interest-bearing balances 117 142 227 280

Federal funds sold 159 2,428 378 2,689

Total Interest Income 96,692 80,020 180,618 151,764

Deposits 30,619 30,981 58,467 59,245

Short-term borrowings 764 86 1,467 376

Long-term and subordinated debt 29 747 155 1,428

Total Interest Expense 31,412 31,814 60,089 61,049

Net Interest Income 65,280 48,206 120,529 90,715

Provision for credit losses - loans 557 2,245 2,205 2,566

Net provision for credit losses 528 2,269 2,122 2,570

Net Interest Income After Provision for Credit Losses $ 64,752 $ 45,937 $ 118,407 $ 88,145

Fiduciary and wealth management 3,891 1,406 7,552 2,546

ATM debit card interchange 1,169 958 2,204 1,877

Service charges on deposits 632 652 1,268 1,214

Mortgage banking 1,119 676 1,432 1,267

Mortgage hedging 113 ( 7 ) 193 ( 16 )

Other 2,594 1,904 5,605 3,609

Total Noninterest Income 10,586 6,143 20,190 11,382

Salaries and employee benefits 26,945 20,753 50,291 37,062

Software licensing and utilization 4,155 3,272 7,756 5,846

Occupancy, net 2,891 2,365 6,145 4,639

Equipment 1,684 1,248 3,237 2,342

Shares tax 822 606 1,786 1,525

Legal and professional fees 2,157 993 3,846 1,819

ATM/card processing 689 621 1,446 1,354

Intangible amortization 1,819 744 3,119 1,172

FDIC Assessment 663 994 1,463 1,984

Merger and acquisition 103 11,011 7,826 11,325

Other 5,835 5,191 12,315 9,400

Total Noninterest Expense 47,767 47,798 99,725 78,440

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Note 1: Summary of Significant Accounting Policies 3 changes

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Mid Penn Bancorp, Inc. ("Mid Penn" or the "Corporation"), through operations conducted by Mid Penn Bank (the "Bank") and its nonbank subsidiaries, engages in a full-service commercial banking and trust business, making available to the community a wide range of financial services, including, but not limited to, mortgage and home equity loans, secured and unsecured commercial and consumer loans, lines of credit, construction financing, farm loans, community development loans, loans to non-profit entities, and local government loans, and various types of time and demand deposits including but not limited to, checking accounts, savings accounts, clubs, money market deposit accounts, certificates of deposit, and Individual Retirement Accounts ("IRA"). In addition, the Bank provides a full range of trust and wealth management services through its Trust Department. Deposits are insured by the Federal Deposit Insurance Corporation ("FDIC") to the extent provided by law.

Mid Penn also fulfills the insurance and financial advisory needs of both existing and potential customers through MPB Risk Services, LLC, doing business as MPB Insurance and Risk Management, and Cumberland Advisors, LLC, respectively.

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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, which includes Cumberland Advisors, LLC and MPB Risk Services, LLC, and MPB Launchpad Fund I, LLC. Mid Penn has only one reportable segment for financial reporting purposes. All intercompany accounts and transactions have been eliminated in consolidation.

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Note 2: Business Combinations 14 changes

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In connection with the acquisition, Cumberland Advisors, Inc. was merged into a newly formed Mid Penn acquisition subsidiary and now operates as Cumberland Advisors, LLC. As of June September 30, 2026, Cumberland Advisors, LLC had approximately $ 2.8 2.6 billion in assets under management.

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Mid Penn incurred merger-related expenses related to the Cumberland Advisors Acquisition of $ 79 thousand and $ 622 thousand for the three and six nine months ended June September 30, 2026, respectively, which is are included in noninterest expense in the Consolidated Statements of Income. There were no merger-related expenses related to the Cumberland Advisors Acquisition during the three months ended September 30, 2026.

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Mid Penn incurred merger-related expenses related to 1st Colonial acquisition of $ 19 43 thousand and $ 7.2 million for the three and six nine months ended June September 30, 2026, respectively, which is are included in noninterest expense in the Consolidated Statements of Income.

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Noninterest income 10,586 7,941 20,607 14,058

Noninterest expense 47,767 53,115 105,863 88,980

Net income $ 21,691 $ 7,015 $ 29,666 $ 22,415

1st Colonial contributed approximately $ 3.8 4.0 million of total revenue and $ 2.8 2.6 million of net income to Mid Penn's consolidated results for the three months ended June September 30, 2026. For the six nine months ended June September 30, 2026, 1st Colonial contributed approximately $ 5.0 8.9 million of total revenue and $ 3.7 6.3 million of net income to Mid Penn's consolidated results.

The following supplemental pro forma information presents certain financial results for the three and six nine months ended June September 30, 2026 and 2025 as if the merger of 1st Colonial was effective as of January 1, 2025. 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 June September 30, Six Nine Months Ended June September 30,

Net interest income after provision for credit losses - loans $ 64,752 66,201 $ 52,203 60,675 $ 122,817 189,018 $ 100,827 161,502

Noninterest income 10,038 9,448 30,646 23,506

Noninterest expense 48,590 44,235 154,454 133,215

Net income $ 21,625 $ 19,444 $ 51,291 $ 41,859

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The purchase accounting for the transaction was finalized as of December 31, 2025, and no material measurement adjustments were recorded during the six nine months ended June September 30, 2026.

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Note 3: Investment Securities 54 changes

As of June September 30, 2026, the fair value of AFS securities totaled $ 499.8 470.8 million. As of June September 30, 2026, no securities were identified that violated credit loss triggers; therefore, no discounted cash flow analysis was required. As of June September 30, 2026, the Corporation recorded no allowance for credit losses on any available-for-sale debt securities.

Accrued interest receivable is excluded from the estimate of credit losses for AFS securities. As of June September 30, 2026, accrued interest receivable totaled $ 2.2 2.5 million for AFS securities, and was reported in accrued interest receivable on the accompanying Consolidated Balance Sheet.

As of June September 30, 2026, Mid Penn's HTM securities totaled $ 372.9 365.7 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 June September 30, 2026, the majority of Mid Penn's HTM securities were rated investment grade, generally A1/BBB by Moody's and/or Standard & Poor's ratings services. Credit ratings of HTM securities, which are a key factor in estimating expected credit losses, are reviewed on a quarterly basis. Management has the intent and ability to hold these securities to maturity.

As of June September 30, 2026, there were no HTM securities that were past due 30 days or more as to principal or interest payments. Additionally, Mid Penn had no HTM securities classified as nonaccrual as of June September 30, 2026. As of June September 30, 2026, the Corporation recorded no allowance for credit losses on any held-to-maturity debt securities.

Accrued interest receivable is excluded from the estimate of credit losses for HTM securities. As of June September 30, 2026, accrued interest receivable totaled $ 2.1 2.5 million for HTM securities and was reported in accrued interest receivable on the accompanying Consolidated Balance Sheet.

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Mortgage-backed U.S. government agencies 441,388 1,800 13,190 429,998

Corporate debt securities 50,647 351 1,847 49,151

Total available-for-sale debt securities $ 513,616 $ 2,151 $ 15,994 $ 499,773

Mortgage-backed U.S. government agencies 29,916 2 3,741 26,177

State and political subdivision obligations 106,950 3 4,022 102,931

Total held-to-maturity debt securities 372,866 5 26,565 346,306

Total $ 886,482 $ 2,156 $ 42,559 $ 846,079

U.S. Treasury and U.S. government agencies $ 17,294 17,230 $ — $ 460 604 $ 16,834 16,626

Mortgage-backed U.S. government agencies 428,310 — 31,007 397,303

State and political subdivision obligations 4,287 4,284 — 497 3,790 802 3,482

Corporate debt securities 55,203 251 2,108 53,346

Total available-for-sale debt securities $ 505,027 $ 251 $ 34,521 $ 470,757

U.S. Treasury and U.S. government agencies $ 223,550 223,585 $ — $ 17,760 22,378 $ 205,790 201,207

Mortgage-backed U.S. government agencies 28,482 3 4,358 24,127

State and political subdivision obligations 101,163 — 6,933 94,230

Corporate debt securities 12,450 — 1,042 11,408 994 11,456

Total held-to-maturity debt securities 365,680 3 34,663 331,020

Total $ 870,707 $ 254 $ 69,184 $ 801,777

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Investment securities having a fair value of $ 525.4 659.3 million as of June September 30, 2026 and $ 544.7 million as of December 31, 2025 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 $ 399.6 454.1 million as of June September 30, 2026 and $ 162.5 million as of December 31, 2025.

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Mortgage-backed U.S. government agencies 56 337,430 1,335 83 92,568 11,855 139 429,998 13,190

Corporate debt securities 11 29,152 96 12 19,999 1,751 23 49,151 1,847

Total available-for-sale debt securities 67 $ 366,582 $ 1,431 112 $ 133,191 $ 14,563 179 $ 499,773 $ 15,994

U.S. Treasury and U.S. government agencies — $ — $ — 9 $ 16,834 16,626 $ 460 604 9 $ 16,834 16,626 $ 460 604

Mortgage-backed U.S. government agencies 55 308,031 15,695 84 89,272 15,312 139 397,303 31,007

State and political subdivision obligations — — — 8 3,790 497 3,482 802 8 3,790 497 3,482 802

Corporate debt securities 12 33,184 519 12 20,162 1,589 24 53,346 2,108

Total available-for-sale debt securities 67 $ 341,215 $ 16,214 113 $ 129,542 $ 18,307 180 $ 470,757 $ 34,521

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U.S. Treasury and U.S. government agencies 3 $ 5,735 $ 96 128 $ 200,055 $ 17,664 131 $ 205,790 $ 17,760

Mortgage-backed U.S. government agencies 5 885 7 58 25,292 3,734 63 26,177 3,741

State and political subdivision obligations 40 52,194 25 118 50,737 3,997 158 102,931 4,022

Total held-to-maturity debt securities 50 61,314 128 311 284,992 26,437 361 346,306 26,565

Total 117 $ 427,896 $ 1,559 423 $ 418,183 $ 41,000 540 $ 846,079 $ 42,559 (Dollars in thousands) Less Than 12 Months 12 Months or More Total of

U.S. Treasury and U.S. government agencies 3 $ 5,566 $ 284 128 $ 195,641 $ 22,094 131 $ 201,207 $ 22,378

Mortgage-backed U.S. government agencies 7 999 2 56 23,128 4,356 63 24,127 4,358

State and political subdivision obligations 40 50,029 259 109 44,201 6,674 149 94,230 6,933

Corporate debt securities 2 2,500 — 7 8,908 1,042 8,956 994 9 11,408 1,042 11,456 994

Total held-to-maturity debt securities 52 59,094 545 300 271,926 34,118 352 331,020 34,663

Total 119 $ 400,309 $ 16,759 413 $ 401,468 $ 52,425 532 $ 801,777 $ 69,184 (Dollars in thousands) Less Than 12 Months 12 Months or More Total of

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As of June September 30, 2026 and December 31, 2025, the majority of the unrealized losses on securities in an unrealized loss position were attributable to U.S. Treasury and U.S. government agencies, and mortgage-backed U.S. government agencies.

The Corporation evaluates debt securities for credit losses in accordance with ASC 326. Mid Penn had no securities considered by management to be credit related losses as of June September 30, 2026 and December 31, 2025, 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 or losses on the sale of AFS securities as of June September 30, 2026 and December 31, 2025, respectively.

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Due after 10 years 844 678 8,502 7,429

Mortgage-backed securities 441,388 429,998 29,916 26,177

June September 30, 2026 Amortized

Due in 1 year or less $ 12,409 12,437 $ 12,242 12,288 $ 68,961 65,881 $ 68,762 65,745

Due after 1 year but within 5 years 11,397 11,297 170,758 159,585 11,254 10,897 179,836 163,807

Due after 5 years but within 10 years 47,578 45,558 94,729 84,353 48,661 46,024 82,994 70,811

Due after 10 years 4,365 4,245 8,487 6,530

Mortgage-backed securities 428,310 397,303 28,482 24,127

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Note 4: Loans and Allowance for Credit Losses - Loans 273 changes

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(In thousands) June September 30, 2026 December 31, 2025

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Farmland 240,517 227,816

CRE Nonowner Occupied $ 1,599,855 1,586,537 $ 1,364,040

CRE Owner Occupied 830,915 826,227 718,864

Multifamily 446,216 446,787 419,267

Farmland 241,350 227,816

Total Commercial real estate 3,117,503 3,100,901 2,729,987

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Residential Construction 87,934 85,299

Other Construction 330,502 310,390

Total Construction 418,436 395,689

Residential Construction 86,754 85,299

Other Construction 369,826 310,390

Total Construction 456,580 395,689

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Consumer 10,109 10,629

1-4 Family 1st Lien 574,948 570,955 417,421

1-4 Family Rental 470,501 438,857 410,965

HELOC and Junior Liens 297,241 301,833 178,116

Total Residential Mortgage 1,342,690 1,311,645 1,006,502

Consumer 7,794 10,629

Total loans $ 5,617,169 5,636,482 $ 4,862,838

Total loans are stated at the amount of unpaid principal, adjusted for net deferred fees and costs. Net deferred loan fees were $ 3.1 3.6 million and $ 2.8 million as of June September 30, 2026 and December 31, 2025, respectively.

Accrued interest receivable is not included in the amortized cost basis of Mid Penn's loans. Accrued interest receivable for loans totaled $ 28.5 29.1 million and $ 25.7 million as of June September 30, 2026 and December 31, 2025, respectively, with no related ACL and was reported in other assets on the accompanying Consolidated Balance Sheet.

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The performance and credit quality of the loan portfolio is also monitored by analyzing the age of the loans receivable as determined by the length of time a recorded payment is past due. The classes of the loan portfolio summarized by the past due status as of June September 30, 2026 and December 31, 2025, are summarized as follows:

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CRE Nonowner Occupied $ 199 $ 1,767 $ 3,947 $ 5,913 $ 1,593,942 $ 1,599,855 $ —

CRE Owner Occupied 2,650 32 3,775 6,457 824,458 830,915 —

Multifamily — — 287 287 445,929 446,216 —

Farmland — 79 1,459 1,538 238,979 240,517 —

Total Commercial real estate 2,849 1,878 9,468 14,195 3,103,308 3,117,503 —

Commercial and industrial 3,157 419 12,404 15,980 712,451 728,431 —

Residential Construction 340 — — 340 87,594 87,934 —

Other Construction 1,108 — — 1,108 329,394 330,502 —

Total Construction 1,448 — — 1,448 416,988 418,436 —

CRE Nonowner Occupied $ 81 $ 263 $ 3,925 $ 4,269 $ 1,582,268 $ 1,586,537 $ —

CRE Owner Occupied 165 828 9,460 10,453 815,774 826,227 —

Multifamily 1,262 — 284 1,546 445,241 446,787 —

Farmland 248 1,092 1,533 2,873 238,477 241,350 —

Total Commercial real estate 1,756 2,183 15,202 19,141 3,081,760 3,100,901 —

Commercial and industrial 586 — 13,256 13,842 745,720 759,562 —

Residential Construction — — — — 86,754 86,754 —

Other Construction — — 547 547 369,279 369,826 —

Total Construction — — 547 547 456,033 456,580 —

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1-4 Family 1st Lien 778 381 1,381 2,540 572,408 574,948 213

1-4 Family Rental 977 — 273 1,250 469,251 470,501 —

HELOC and Junior Liens 2,085 793 1,609 4,487 292,754 297,241 —

Total Residential Mortgage 3,840 1,174 3,263 8,277 1,334,413 1,342,690 213

Consumer 5 3 12 20 10,089 10,109 —

Total $ 11,299 $ 3,474 $ 25,147 $ 39,920 $ 5,577,249 $ 5,617,169 $ 213 (In thousands) 30-59 than 90

1-4 Family 1st Lien 1,089 537 3,068 4,694 566,261 570,955 —

1-4 Family Rental 29 94 98 221 438,636 438,857 —

HELOC and Junior Liens 1,106 34 1,454 2,594 299,239 301,833 —

Total Residential Mortgage 2,224 665 4,620 7,509 1,304,136 1,311,645 —

Consumer — 2 11 13 7,781 7,794 —

Total $ 4,566 $ 2,850 $ 33,636 $ 41,052 $ 5,595,430 $ 5,636,482 $ — (In thousands) 30-59 than 90

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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 totaled $ 213 thousand, and There were no loans greater than 90 days past due and still accruing as of June September 30, 2026 and December 31, 2025. respectively.

Nonaccrual loans by loan portfolio class, including loans acquired with credit deterioration, as of June September 30, 2026 and December 31, 2025 are summarized as follows:

June September 30, 2026 December 31, 2025

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Multifamily — 405 405 — 131 131

Farmland 373 1,166 1,539 — 46 46

CRE Nonowner Occupied $ 1,686 1,910 $ 2,261 2,249 $ 3,947 4,159 $ 2,873 $ 2,271 $ 5,144

CRE Owner Occupied 509 3,443 3,952 9,116 9,625 509 2,043 2,552

Multifamily — 396 396 — 131 131

Farmland 368 2,258 2,626 — 46 46

Total Commercial real estate 2,568 7,275 9,843 2,787 14,019 16,806 3,382 4,491 7,873

Commercial and industrial 10,788 1,994 12,782 10,624 2,981 13,605 10,519 398 10,917

Residential Construction — — — — — —

Other Construction 547 — 547 — — —

Total Construction 547 — 547 — — —

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Consumer — 12 12 — 14 14

1-4 Family 1st Lien — 3,468 3,468 3,745 3,745 24 1,188 1,212

1-4 Family Rental — 314 314 135 135 146 949 1,095

HELOC and Junior Liens 104 1,897 2,001 — 1,801 1,801 — 1,840 1,840

Total Residential Mortgage 104 5,679 5,783 — 5,681 5,681 170 3,977 4,147

Consumer — 11 11 — 14 14

Total loans $ 13,460 13,958 $ 14,960 22,692 $ 28,420 36,650 $ 14,071 $ 8,880 $ 22,951

The amount of interest income recognized on nonaccrual loans was approximately $ 2.4 million 203 thousand and $ 674 840 thousand during the three months ended June September 30, 2026 and 2025, respectively. During the six nine months ended June September 30, 2026 and 2025, the amount of interest income recognized on nonaccrual loans was approximately $ 2.5 2.7 million and $ 801 thousand, 1.6 million, respectively.

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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.

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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.

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Pass $ 192,454 $ 174,223 $ 132,305 $ 207,490 $ 366,796 $ 500,719 $ 15,133 $ 1,589,120

Special mention — — 333 — — 333 — 666

Substandard or lower — — — 1,686 — 8,383 — 10,069

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Note 5: Deposits 24 changes

Savings 427,538 7.2 % 324,064 6.2 %

Deposits consisted of the following as of June September 30, 2026 and December 31, 2025:

(Dollars in thousands) June September 30, 2026 % of Total Deposits December 31, 2025 % of Total Deposits

Noninterest-bearing demand deposits $ 973,371 16.4 923,275 15.1 % $ 834,013 16.0 %

Interest-bearing demand deposits 1,607,406 27.0 1,821,451 30.0 % 1,278,940 24.5 %

Money market 1,264,632 21.2 1,319,539 21.6 % 1,226,171 23.5 %

Savings 410,354 6.7 % 324,064 6.2 %

Total demand and savings 4,272,947 71.8 4,474,619 73.4 % 3,663,188 70.2 %

Time 1,680,350 28.2 1,620,432 26.6 % 1,551,475 29.8 %

Total deposits $ 5,953,297 6,095,051 100.0 % $ 5,214,663 100.0 %

The scheduled maturities of time deposits at June September 30, 2026 were as follows:

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Maturing in 2026 $ 857,160 $ 331,069

Maturing in 2027 333,182 82,218

Maturing in 2028 36,193 5,920

Maturing in 2029 16,625 889

Maturing in 2030 6,991 686

Maturing thereafter 8,249 1,168

Maturing in 2026 $ 492,986 $ 189,741

Maturing in 2027 635,792 213,684

Maturing in 2028 41,620 9,789

Maturing in 2029 17,008 1,157

Maturing in 2030 7,002 962

Maturing thereafter 9,549 1,142

Mid Penn had $ 135.0 105.0 million and $ 97.5 million of brokered certificates of deposits as of June September 30, 2026 and December 31, 2025, respectively. As of June September 30, 2026 and December 31, 2025, Mid Penn had $ 103.3 101.6 million and $ 83.2 million, respectively, of Certificate of Deposit Account Registry ("CDAR") deposits.

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Note 6: Derivative Financial Instruments 13 changes

Mid Penn manages its exposure to certain interest rate risks through the use of derivative financial instruments; however, none are entered into for speculative purposes. During the three months ended June September 30, 2026, Mid Penn had outstanding derivative contracts designated as hedges. Mid Penn's free-standing derivative financial instruments are required to be carried at their fair value on the Consolidated Balance Sheets.

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(Dollars in thousands) June September 30, 2026 December 31, 2025

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Notional amount $ 377,297 $ 287,251

Notional amount $ 381,747 $ 287,251

Estimated fair value in Other Assets $ 7,565 14,422 $ 8,796

Estimated fair value in Other Liabilities $ 7,565 14,422 $ 8,796

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Mid Penn designated an interest rate swap as a cash flow hedge for certain brokered certificates of deposit. The interest rate swap was terminated during the three months ended June 30, second quarter of 2026.

(Dollars in thousands) June September 30, 2026 December 31, 2025

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During the three months ended June 30, 2026, Mid Penn designated an interest rate floor as a cash flow hedge of forecasted interest cash flows associated on certain variable-rate loans.

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

(Dollars in thousands) June September 30, 2026 December 31, 2025

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Weighted-average remaining term (years) 2.92 2.66 —

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For derivatives designated and qualifying as cash flow hedges of interest rate risk, the unrealized gain or loss is recorded in AOCI and subsequently reclassified into interest income in the same period during which the hedged transaction affects earnings. Amounts reported in AOCI related to derivatives will be reclassified to interest income as interest payments are made on Mid Penn's variable-rate liabilities. During the next twelve months, Mid Penn estimates that an additional $ 622 601 thousand will be reclassified to interest expense.

Note 7: Accumulated Other Comprehensive (Loss)/Income 20 changes

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Balance as of March 31, 2026 $ ( 8,917 ) $ ( 62 ) $ 822 $ ( 8,157 )

OCI before reclassifications ( 872 ) ( 103 ) ( 10 ) ( 985 )

Amounts reclassified from AOCI — — — —

1 unchanged paragraph

OCI before reclassifications ( 16,061 ) ( 477 ) ( 11 ) ( 16,549 )

Amounts reclassified from AOCI — — — —

Balance as of September 30, 2026 $ ( 25,850 ) $ ( 642 ) $ 801 ( 25,691 )

1 unchanged paragraph

OCI before reclassifications ( 2,818 ) 26 21 ( 2,771 )

OCI before reclassifications ( 18,879 ) ( 451 ) 10 ( 19,320 )

1 unchanged paragraph

Balance as of June 30, 2026 $ ( 9,789 ) $ ( 165 ) $ 812 $ ( 9,142 )

Balance as of March 31, 2025 $ ( 15,233 ) $ 501 $ 569 $ ( 14,163 )

OCI before reclassifications 2,755 ( 338 ) ( 10 ) 2,407

Amounts reclassified from AOCI — — — —

Balance as of September 30, 2026 $ ( 25,850 ) $ ( 642 ) $ 801 $ ( 25,691 )

1 unchanged paragraph

OCI before reclassifications 3,193 ( 334 ) ( 10 ) 2,849

Amounts reclassified from AOCI — — — —

Balance as of September 30, 2025 $ ( 9,285 ) $ ( 171 ) $ 549 $ ( 8,907 )

1 unchanged paragraph

OCI before reclassifications 6,411 ( 1,322 ) 6 5,095

OCI before reclassifications 9,604 ( 1,656 ) ( 4 ) 7,944

1 unchanged paragraph

Balance as of June 30, 2025 $ ( 12,478 ) $ 163 $ 559 $ ( 11,756 )

Balance as of September 30, 2025 $ ( 9,285 ) $ ( 171 ) $ 549 $ ( 8,907 )

1 unchanged paragraph

Note 8: Fair Value Measurement 37 changes

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There were no transfers of assets between fair value Level 1 and Level 2 of the fair value hierarchy during the three and six nine months ended June September 30, 2026 or the year ended December 31, 2025.

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Corporate debt securities — 49,151 — 49,151

Derivative assets — 9,115 — 9,115

Derivative liabilities — 7,565 7,565

U.S. Treasury and U.S. government agencies $ — $ 16,834 16,626 $ — $ 16,834 16,626

Mortgage-backed U.S. government agencies — 429,998 397,303 — 429,998 397,303

State and political subdivision obligations — 3,790 3,482 — 3,790 3,482

Corporate debt securities — 53,346 — 53,346

Equity securities 5,387 5,175 — — 5,387 5,175

Loans held-for-sale — 16,595 20,215 — 16,595 20,215

Derivative assets — 15,197 — 15,197

Derivative liabilities — 14,422 14,422

14 unchanged paragraphs

Loans held for sale - This category includes mortgage loans held-for-sale that are measured at fair value on a recurring basis. Fair values as of June September 30, 2026 were measured as the price that secondary market investors were offering for loans with similar characteristics.

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Individually evaluated loans, net of ACL $ — $ — $ 24,134 31,504 $ 24,134 31,504

Foreclosed assets held-for-sale — — 8,390 8,390 10,321 10,321

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Individually evaluated loans, net of ACL $ 24,134 31,504 Appraisal of collateral Appraisal adjustments 0 % - 100 % 61.5 53.3 %

Foreclosed assets held for sale 8,390 10,321 Appraisal of collateral Appraisal adjustments 18 0 % - 100 % 43.0 54.1 % (Dollars in thousands) Fair Value Valuation Technique Significant Unobservable Input Range of Inputs Weighted Average

6 unchanged paragraphs

Held-to-maturity securities 372,866 — 346,306 — 346,306

Net loans 5,575,529 — — 5,505,422 5,505,422

Cash and cash equivalents $ 86,646 169,108 $ 86,646 169,108 $ — $ — $ 86,646 169,108

Available-for-sale securities 499,773 470,757 — 499,773 470,757 — 499,773 470,757

Held-to-maturity securities 365,680 — 331,020 — 331,020

Equity securities 5,387 5,387 5,175 5,175 — — 5,387 5,175

Loans held-for-sale 16,595 20,215 — 16,595 20,215 — 16,595 20,215

Net loans 5,596,238 — — 5,453,417 5,453,417

Restricted investment in bank stocks 15,720 15,720 11,805 11,805 — 15,720 11,805

1 unchanged paragraph

Derivative assets 9,115 — 9,115 — 9,115

Derivative assets 15,197 — 15,197 — 15,197

1 unchanged paragraph

Deposits $ 5,953,297 $ — $ 5,950,466 $ — $ 5,950,466

Short-term borrowings 137,500 — 137,500 — 137,500

Deposits $ 6,095,051 $ — $ 6,092,186 $ — $ 6,092,186

Short-term borrowings 68,000 — 68,000 — 68,000

1 unchanged paragraph

Accrued interest payable 12,175 — 12,175 — 12,175

Derivative liabilities 7,565 — 7,565 — 7,565

Accrued interest payable 13,025 — 13,025 — 13,025

Derivative liabilities 14,422 — 14,422 — 14,422

24 unchanged paragraphs

The Bank's outstanding and unfunded credit commitments and financial standby letters of credit were deemed to have no significant fair value as of June September 30, 2026 and December 31, 2025.

Note 9: Commitments and Contingencies 54 changes

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Mid Penn is a party to financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers. These instruments include commitments to extend credit and standby letters of credit. Commitments to extend credit are agreements to lend to a customer unless there is a violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Mid Penn evaluates each customer's creditworthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary upon extension of credit, is based on management's credit evaluation of the customer. Standby letters of credit and financial guarantees written are conditional commitments to guarantee the performance of a customer to a third party. Those guarantees are primarily issued to support public and private borrowing arrangements. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loans to customers. Mid Penn had $ 97.9 95.4 million and $ 66.5 million of standby letters of credit outstanding as of June September 30, 2026 and December 31, 2025, respectively. Mid Penn does not anticipate any losses because of these transactions. The amount of the liability as of June September 30, 2026 and December 31, 2025 for payment under standby letters of credit issued was not considered material.

2 unchanged paragraphs

The ACL - OBS was $ 3.1 2.8 million and $ 2.9 million as of June September 30, 2026 and December 31, 2025, respectively. A benefit for credit losses related to credit commitments of $ 29 243 thousand and a provision for credit losses related to credit commitments of $ 298 247 thousand were recorded for the three months ended June September 30, 2026 and June September 30, 2025, respectively. A benefit for credit losses related to credit commitments of $ 83 326 thousand and a provision for credit losses related to credit commitments of $ 278 32 thousand were recorded for the six nine months ended June September 30, 2026 and June September 30, 2025, respectively.

The following table presents the activity in the ACL - OBS by segment for the three and six nine months ended June September 30, 2026 and 2025:

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CRE NonOwner Occupied 124 — ( 10 ) 114

CRE Owner Occupied 113 — ( 19 ) 94

HELOC & Junior Liens 199 — 99 298

Multifamily 12 — 1 13

Other Construction & Land 760 — ( 24 ) 737

Residential Construction 219 — ( 38 ) 181

Residential First Liens 4 — 2 6

March 31, June 30, 2026 Initial ACL Recorded On Acquired Commitments (Benefit)/Provision for Credit Loss Balance as of

1-4 Family Rental $ 11 $ — $ ( 2 ) $ 11 9

CRE NonOwner Occupied 114 — ( 19 ) 95

CRE Owner Occupied 94 — ( 3 ) 91

Farmland 98 — ( 13 ) 85

HELOC & Junior Liens 298 — ( 44 ) 254

Multifamily 13 — 3 16

Other Construction & Land 736 — 23 759

Residential Construction 181 — ( 47 ) 134

Residential First Liens 6 — — 6

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Multifamily 12 — 1 13

1-4 Family Rental $ 12 $ — $ ( 1 3 ) $ 11 9

CRE NonOwner Occupied 134 — ( 20 39 ) 114 95

CRE Owner Occupied 93 — 1 94 ( 2 ) 91

Farmland 97 — ( 12 ) 85

HELOC & Junior Liens 130 64 104 298 60 254

Multifamily 12 — 4 16

Other Construction & Land 742 33 ( 39 16 ) 737 759

Residential Construction 229 40 ( 88 135 ) 181 134

4 unchanged paragraphs

CRE NonOwner Occupied 109 4 113

CRE Owner Occupied 105 13 118

Farmland 112 ( 13 ) 99

HELOC & Junior Liens 95 30 125

Residential Construction 471 ( 2 ) 469

March 31, June 30, 2025 (Benefit)/Provision for Credit Loss (1) Balance as of

1-4 Family Rental $ 13 16 $ 3 4 $ 16 20

CRE NonOwner Occupied 113 22 135

CRE Owner Occupied 118 ( 12 ) 106

Farmland 99 ( 15 ) 84

HELOC & Junior Liens 125 10 135

Other Construction & Land 660 382 1,042 ( 388 ) 654

Residential Construction 469 ( 219 ) 250

2 unchanged paragraphs

Multifamily 27 ( 4 ) 23

December 31, 2024 (Benefit)/Provision Provision/(Benefit) for Credit Loss (1)

1-4 Family Rental $ 16 $ — 4 $ 16 20

CRE NonOwner Occupied 132 ( 19 ) 113 3 135

CRE Owner Occupied 98 20 118 8 106

Farmland 92 ( 8 ) 84

HELOC & Junior Liens 92 33 125 43 135

Multifamily 27 ( 2 ) 25

Other Construction & Land 792 250 1,042 ( 138 ) 654

Residential Construction 516 ( 47 266 ) 469 250

Residential First Liens 6 1 7 ( 6 ) —

(1) Includes a $ 274 275 thousand initial allowance on unfunded commitments acquired in the William Penn acquisition.

2 unchanged paragraphs

Note 10: Debt 9 changes

1 unchanged paragraph

Total short-term borrowings were $ 137.5 68.0 million and $ 20.8 million as of June September 30, 2026 and December 31, 2025, respectively. Short-term borrowings generally consist of federal funds purchased and advances from the FHLB with an original maturity of less than one year. Federal funds purchased from correspondent banks mature in one business day and are repriced daily based on the federal funds rate. Advances from the FHLB are collateralized by the Bank's investment in FHLB common stock and by a blanket lien on selected loan receivables comprised principally of real estate secured loans. As of June September 30, 2026, the amount of loans pledged totaled $ 3.2 3.3 billion. As of June September 30, 2026, the Bank's unused short-term borrowing capacity with the FHLB totaled $ 1.7 1.8 billion (equal to $ 2.2 2.3 billion of maximum borrowing capacity, less the aggregate amount of FHLB letters of credit securing public funds deposits, and other FHLB advances and obligations outstanding) upon satisfaction of any stock purchase requirements of the FHLB.

The Bank also maintained unused overnight lines of credit with other correspondent banks totaling $ 35.0 million as of June September 30, 2026. No draws have been made on these lines of credit as of June September 30, 2026 and December 31, 2025, respectively.

The following table presents a summary of long-term debt as of June September 30, 2026 and December 31, 2025.

(Dollars in thousands) June September 30, 2026 December 31, 2025

4 unchanged paragraphs

Total FHLB fixed rate instruments 60 4 20,222

Finance lease obligations included in long-term debt 2,842 2,804 2,917

Total long-term debt $ 2,902 2,808 $ 23,139

As a member of the FHLB, the Bank can access a number of credit products which are utilized to provide liquidity. As of June September 30, 2026 and December 31, 2025, the Bank had long-term debt outstanding in the amount of $ 2.9 2.8 million and $ 23.1 million, respectively, consisting of FHLB fixed rate instruments, and a finance lease liability.

The FHLB fixed rate instruments are secured under the terms of a blanket collateral agreement with the FHLB consisting of FHLB stock and qualifying Mid Penn loan receivables, principally real estate secured loans. Mid Penn also obtains letters of credit from the FHLB to secure certain public fund deposits of municipalities and school district customers which are used as a legally allowable alternative to investment in securities. These FHLB letter of credit commitments totaled $ 399.6 454.1 million and $ 162.5 million as of June September 30, 2026 and December 31, 2025, respectively.

1 unchanged paragraph

Note 11: Subordinated Debt 4 changes

6 unchanged paragraphs

Subordinated Debt Issued March 2020

On March 20, 2020, Mid Penn issued $ 15.0 million of subordinated notes due March 2030 (the "March 2020 Notes") in a private placement to qualified institutional buyers and accredited investors. The March 2020 Notes were treated as Tier 2 capital for regulatory capital purposes.

The March 2020 Notes initially bore interest at a fixed rate of 4.0 % per annum before converting to a floating rate prior to redemption. The March 2020 Notes became redeemable on March 30, 2025 and Mid Penn redeemed all of the March 2020 Notes in full on June 30, 2025.

As of June September 30, 2026, the Corporation had no subordinated debt outstanding.

1 unchanged paragraph

Note 12: Common Stock and Equity Incentive Plans 5 changes

2 unchanged paragraphs

During the six nine months ended June September 30, 2026, Mid Penn repurchased 76,000 shares of common stock at an average price of $ 32.78 . All 76,000 shares There were no shares repurchased during the three months ended June September 30, 2026. at an average price of $ 32.78 . As of June September 30, 2026, Mid Penn has repurchased an aggregate total of 595,891 shares of common stock under the Program at an average price of $ 24.82 per share.

2 unchanged paragraphs

As of June September 30, 2026, participants in the plan held 492,599 497,435 shares of the Corporation's common stock.

3 unchanged paragraphs

As of June September 30, 2026, a total of 394,554 390,982 restricted shares were granted under the Plans, of which 144,177 132,773 shares were unvested. The Plan's shares granted and vested resulted in $ 1.0 million 742 thousand and $ 2.4 1.1 million in share-based compensation expense for the three months ended June September 30, 2026 and 2025, respectively. For the six nine months ended June September 30, 2026 and 2025, the Plan's shares granted and vested resulted in share-based compensation expense of $ 1.7 1.8 million and $ 2.6 3.8 million, respectively.

3 unchanged paragraphs

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, resulting in the issuance of 538,447 stock options and 215,386 restricted stock units "RSUs" of which, 60,126 44,511 stock options and 27,821 restricted stock units 20,605 RSUs remained unvested as of June September 30, 2026.

Compensation expense for stock options was $ 131 116 thousand and $ 262 378 thousand for the three and six nine months ended June September 30, 2026, respectively. As of June September 30, 2026, unrecognized compensation expense related to unvested options was $ 514 334 thousand. Compensation expense for restricted stock awards was $ 183 161 thousand and $ 365 527 thousand for the three and six nine months ended June September 30, 2026, respectively. As of June September 30, 2026, unrecognized compensation cost related to unvested restricted stock was $ 711 462 thousand.

4 unchanged paragraphs

Note 13: Earnings Per Share 14 changes

2 unchanged paragraphs

Three Months Ended June 30, Six Months Ended June 30,

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and 13 more changes in the filing

Note 14: Segment Reporting 16 changes

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and 16 more changes in the filing

MD&A 528 changes

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9 unchanged paragraphs

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and 528 more changes in the filing

Market risk 2 changes

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and 2 more changes in the filing

Controls and procedures 2 changes

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and 2 more changes in the filing

Risk factors 6 changes

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and 6 more changes in the filing

Unregistered sales of stock 7 changes

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and 7 more changes in the filing

Other information 1 change

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and 1 more change in the filing

Exhibits 6 changes

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and 6 more changes in the filing