Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-K x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 For the transition period from ________to ________ Commission file number 1-13677 | | | | Pennsylvania | 25-1666413 | | --- | --- | | (State or Other Jurisdiction of | (I.R.S. Employer | | Incorporation or Organization) | Identification Number) | | 2407 Park Drive | | | Harrisburg, ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 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 number 1-13677 MID PENN BANCORP, INC. (Exact Name of Registrant as Specified in its Charter) | Pennsylvania | 25-166641 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 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 number 1-13677 MID PENN BANCORP, INC. (Exact Name of Registrant as Specified in its Charter) Pennsylvania 25-1666413 (State or Other Jurisdict ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 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 number 1-13677 MID PENN BANCORP, INC. (Exact Name of Registrant as Specified in its Charter) Pennsylvania 25-1666413 (State or Other Jurisdic ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 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 number 1-13677 MID PENN BANCORP, INC. (Exact Name of Registrant as Specified in its Charter) Pennsylvania 25-1666413 (State or Other Jurisdiction ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 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 number 1-13677 MID PENN BANCORP, INC. (Exact Name of Registrant as Specified in its Charter) Pennsylvania 25-1666413 (State or Other Juri ...

PART I [Financial Statements](index=3&type=section&id=Item%201%20%E2%80%93%20Financial%20Statements) This section presents Mid Penn Bancorp's unaudited consolidated financial statements for the periods ended June 30, 2021, detailing financial position, performance, and cash flows, alongside key events like asset growth and the Riverview merger - On June 30, 2021, Mid Penn entered a merger agreement with Riverview Financial Corporation for Riverview to merge into Mid Penn[20](index=20&type=chunk) [Consolidated Balance Sheets](index=3&type=section&id=Consolidated%20Balance%20Sheets) As of June 30, 2021, total assets increased by 15.4% to **$3.46 billion**, driven by higher cash and net loans, while deposits grew by 12.4% and shareholders' equity rose by 33.6% due to a common stock offering Consolidated Balance Sheet Highlights (in thousands) | Metric | June 30, 2021 | December 31, 2020 | | :--- | :--- | :--- | | **Total Assets** | **$3,461,792** | **$2,998,948** | | Total cash and cash equivalents | $636,347 | $303,724 | | Net loans and leases | $2,480,476 | $2,370,659 | | Total Deposits | $2,782,124 | $2,474,580 | | Total Liabilities | $3,120,223 | $2,743,260 | | **Total Shareholders' Equity** | **$341,569** | **$255,688** | [Consolidated Statements of Income](index=4&type=section&id=Consolidated%20Statements%20of%20Income) Net income for Q2 2021 increased by 40.7% to **$9.6 million** and by 77.7% to **$18.9 million** for H1 2021, driven by higher net interest income, including PPP loan fees, and substantial noninterest income growth Q2 Financial Performance (in thousands, except per share data) | Metric | Q2 2021 | Q2 2020 | | :--- | :--- | :--- | | Net Interest Income | $26,877 | $21,346 | | Provision for Loan and Lease Losses | $1,150 | $1,050 | | Total Noninterest Income | $5,652 | $3,622 | | Total Noninterest Expense | $19,456 | $15,403 | | **Net Income** | **$9,613** | **$6,833** | | **Diluted EPS** | **$0.93** | **$0.81** | H1 Financial Performance (in thousands, except per share data) | Metric | H1 2021 | H1 2020 | | :--- | :--- | :--- | | Net Interest Income | $52,202 | $39,011 | | Provision for Loan and Lease Losses | $2,150 | $1,600 | | Total Noninterest Income | $10,364 | $6,556 | | Total Noninterest Expense | $37,014 | $30,984 | | **Net Income** | **$18,925** | **$10,651** | | **Diluted EPS** | **$2.02** | **$1.26** | [Consolidated Statements of Changes in Shareholders' Equity](index=6&type=section&id=Consolidated%20Statements%20of%20Changes%20in%20Shareholders%27%20Equity) Shareholders' equity increased to **$341.6 million** by June 30, 2021, primarily due to a **$70.2 million** common stock offering and **$18.9 million** in net income, partially offset by dividends - A follow-on public offering of 2,990,000 common shares resulted in net proceeds of **$70.2 million**, significantly boosting shareholders' equity[14](index=14&type=chunk) - Net income for the first six months of 2021 was **$18.9 million**, while common stock dividends declared were **$3.9 million**[14](index=14&type=chunk) [Consolidated Statements of Cash Flows](index=7&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) Cash and cash equivalents increased by **$332.6 million** for the six months ended June 30, 2021, primarily driven by **$444.6 million** from financing activities, including deposit growth and a stock offering, partially offset by investing activities Six-Month Cash Flow Summary (in thousands) | Activity | H1 2021 | H1 2020 | | :--- | :--- | :--- | | Net Cash Provided By (Used In) Operating Activities | $27,997 | $(1,069) | | Net Cash Used In Investing Activities | $(139,986) | $(674,501) | | Net Cash Provided By Financing Activities | $444,612 | $680,295 | | **Net increase in cash and cash equivalents** | **$332,623** | **$4,725** | [Notes to Consolidated Financial Statements](index=9&type=section&id=Notes%20to%20Consolidated%20Financial%20Statements) The notes detail accounting policies and financial statement components, including loan portfolio specifics, PPP loans, debt instruments, the Riverview merger, and the company's continued use of the incurred loss method for credit losses - The company has not yet adopted the Current Expected Credit Loss (CECL) accounting standard and will do so on January 1, 2023, currently using the incurred loss method for estimating credit losses[45](index=45&type=chunk)[120](index=120&type=chunk)[222](index=222&type=chunk) - As of June 30, 2021, the company held **$391.8 million** in PPP loans, net of deferred fees, and recognized **$11.3 million** in PPP processing fees as income during the first six months of 2021[43](index=43&type=chunk)[44](index=44&type=chunk) - In May 2021, the company completed a public offering of 2,990,000 shares of common stock, raising net proceeds of **$70.2 million**[100](index=100&type=chunk)[204](index=204&type=chunk) - On June 30, 2021, Mid Penn entered into a merger agreement with Riverview Financial Corporation, which is expected to close in the fourth quarter of 2021[230](index=230&type=chunk)[231](index=231&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=49&type=section&id=Item%202%20%E2%80%93%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management's analysis highlights strong H1 2021 performance with **$18.9 million** net income, driven by increased net interest income from PPP fees and noninterest income growth, alongside strengthened financial condition with **$3.46 billion** in assets and improved credit quality Key Performance Metrics | Metric | H1 2021 | H1 2020 | | :--- | :--- | :--- | | Net Income | $18,925,000 | $10,651,000 | | Diluted EPS | $2.02 | $1.26 | | Taxable-Equivalent Net Interest Income | $52,498,000 | $39,319,000 | | Net Interest Margin | 3.40% | 3.41% | - The increase in net interest income was primarily driven by the recognition of **$11.3 million** in PPP loan processing fees in H1 2021, compared to **$2.4 million** in H1 2020[259](index=259&type=chunk) - Total assets grew by **15%** to **$3.46 billion** since year-end 2020, supported by a **$307.5 million** increase in deposits and a **$70.2 million** common stock offering[286](index=286&type=chunk)[287](index=287&type=chunk) - Credit quality improved substantially, with nonperforming assets decreasing to **$8.7 million** (**0.35%** of assets) at June 30, 2021, down from **$15.6 million** (**0.66%** of assets) at December 31, 2020, mainly due to successful workouts of two large nonaccrual relationships[296](index=296&type=chunk)[297](index=297&type=chunk) [Quantitative and Qualitative Disclosures about Market Risk](index=69&type=section&id=Item%203%20%E2%80%93%20Quantitative%20and%20Qualitative%20Disclosures%20about%20Market%20Risk) The company's primary market risk is interest rate risk, managed by its asset-liability committee, with simulation analysis indicating an asset-sensitive position where net interest income is projected to increase with rising rates - The company's primary market risk is interest rate risk, which is the exposure of future earnings to fluctuations in interest rates[347](index=347&type=chunk) Net Interest Income Sensitivity Analysis (as of June 30, 2021) | Change in Basis Points | % Change in Net Interest Income | | :--- | :--- | | +300 | 29.03% | | +200 | 18.88% | | +100 | 9.06% | | -100 | -4.00% | | -200 | -9.39% | | -300 | -14.79% | - The analysis indicates an asset-sensitive position, where net interest income is expected to increase in a rising rate environment and decrease in a falling rate environment[351](index=351&type=chunk) [Controls and Procedures](index=69&type=section&id=Item%204%20%E2%80%93%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective as of June 30, 2021, with no material changes to internal control over financial reporting during the quarter - Management concluded that disclosure controls and procedures were effective as of the end of the period covered by this report (June 30, 2021)[353](index=353&type=chunk) - There were no material changes to the company's internal control over financial reporting during the second quarter of 2021[354](index=354&type=chunk) PART II – OTHER INFORMATION [Legal Proceedings](index=70&type=section&id=Item%201%20%E2%80%93%20Legal%20Proceedings) The company is not involved in any legal proceedings expected to have a material adverse effect on its financial position, with existing litigation considered ordinary and routine - There are no pending legal proceedings other than ordinary routine litigation occurring in the normal course of business, and management does not expect any material adverse effect on the company's financial condition[355](index=355&type=chunk) [Risk Factors](index=70&type=section&id=Item%201A%20%E2%80%93%20Risk%20Factors) This section outlines new risk factors primarily related to the Riverview Financial Corporation merger, including integration challenges, non-recurring costs, failure to realize anticipated benefits, and regulatory approval uncertainties - The primary new risk factors disclosed relate to the announced acquisition of Riverview Financial Corporation[356](index=356&type=chunk) - The company expects to incur substantial non-recurring costs related to the merger and integration, including legal, advisory, and severance expenses[357](index=357&type=chunk) - There is a risk that combining the two companies may be more difficult, costly, or time-consuming than expected, and that anticipated cost savings may not be fully realized[359](index=359&type=chunk) - Regulatory approvals for the merger may be delayed, not received, or impose conditions that could adversely affect the combined company[365](index=365&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=72&type=section&id=Item%202%20%E2%80%93%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company maintains a treasury stock repurchase program, authorizing up to **$15 million** in common stock repurchases, with **$13.1 million** remaining available as of June 30, 2021 - The company has a treasury stock repurchase program authorizing up to **$15,000,000** of its outstanding common stock, which was extended through March 19, 2022[376](index=376&type=chunk) Treasury Stock Repurchases (Q2 2021) | Period | Shares Purchased | Average Price Per Share | | :--- | :--- | :--- | | January 2021 | — | $ — | | February 2021 | 5,800 | $22.09 | | March 2021 | — | $ — | | April 2021 | — | $ — | | May 2021 | — | $ — | | June 2021 | — | $ — | [Defaults upon Senior Securities](index=72&type=section&id=Item%203%20%E2%80%93%20Defaults%20upon%20Senior%20Securities) No defaults upon senior securities were reported - None[379](index=379&type=chunk) [Mine Safety Disclosures](index=72&type=section&id=Item%204%20%E2%80%93%20Mine%20Safety%20Disclosures) Mine safety disclosures are not applicable to the company's operations - Not Applicable[379](index=379&type=chunk) [Other Information](index=72&type=section&id=Item%205%20%E2%80%93%20Other%20Information) No other material information was reported - None[379](index=379&type=chunk) [Exhibits](index=73&type=section&id=Item%206%20%E2%80%93%20Exhibits) This section lists exhibits filed with the report, including the Riverview Financial Corporation merger agreement, officer certifications, and Inline XBRL financial data files - Key exhibits filed include the Agreement and Plan of Merger with Riverview Financial Corporation (Exhibit 2.1), CEO and CFO certifications (Exhibits 31.1, 31.2, 32), and XBRL data files[381](index=381&type=chunk)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 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 number 1-13677 MID PENN BANCORP, INC. (Exact Name of Registrant as Specified in its Charter) (State or Other Jurisdiction of Incorporation or ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 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 number 1-13677 MID PENN BANCORP, INC. | | Trading | | | --- | --- | --- | | Title of each class | Symbol(s) | Name of each exchange on which regis ...

PART 1 – FINANCIAL INFORMATION [Item 1 – Financial Statements](index=3&type=section&id=Item%201%20%E2%80%93%20Financial%20Statements) This section presents unaudited consolidated financial statements, detailing accounting policies and the impact of COVID-19 and the Paycheck Protection Program [Consolidated Balance Sheets](index=3&type=section&id=Consolidated%20Balance%20Sheets) Consolidated Balance Sheets (in millions) | Metric | September 30, 2020 | December 31, 2019 | Change | | :--- | :--- | :--- | :--- | | **Total Assets** | **$3,052.9** | **$2,231.2** | **+36.8%** | | Net Loans and Leases | $2,509.7 | $1,753.2 | +43.1% | | **Total Deposits** | **$2,456.4** | **$1,912.4** | **+28.4%** | | Short-term borrowings | $203.8 | $0 | N/A | | **Total Shareholders' Equity** | **$248.2** | **$237.9** | **+4.3%** | - The significant increase in assets was primarily driven by growth in net loans and leases, largely due to participation in the Paycheck Protection Program (PPP) This growth was funded by a substantial increase in total deposits and new short-term borrowings[8](index=8&type=chunk) [Consolidated Statements of Income](index=4&type=section&id=Consolidated%20Statements%20of%20Income) Consolidated Statements of Income (Q3, in millions, except per share data) | Metric | Q3 2020 | Q3 2019 | YoY Change | | :--- | :--- | :--- | :--- | | Net Interest Income | $21.4 | $17.8 | +20.5% | | Provision for Loan and Lease Losses | $1.1 | $0.6 | +94.7% | | Noninterest Income | $5.3 | $3.0 | +76.6% | | Noninterest Expense | $18.2 | $14.7 | +23.8% | | **Net Income** | **$6.5** | **$4.8** | **+36.0%** | | **Diluted EPS** | **$0.78** | **$0.57** | **+36.8%** | Consolidated Statements of Income (9M, in millions, except per share data) | Metric | 9M 2020 | 9M 2019 | YoY Change | | :--- | :--- | :--- | :--- | | Net Interest Income | $60.4 | $52.8 | +14.3% | | Provision for Loan and Lease Losses | $2.7 | $1.2 | +133.8% | | Noninterest Income | $11.9 | $7.9 | +49.6% | | Noninterest Expense | $49.2 | $43.8 | +12.3% | | **Net Income** | **$17.2** | **$13.3** | **+29.4%** | | **Diluted EPS** | **$2.04** | **$1.57** | **+29.9%** | - The significant increase in noninterest income for both the three and nine-month periods was driven by a surge in mortgage banking income, which rose to **$3.1 million in Q3 2020** from **$1.1 million in Q3 2019**[10](index=10&type=chunk) [Consolidated Statements of Cash Flows](index=8&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) Cash Flow Activity (Nine Months Ended Sep 30, in millions) | Cash Flow Activity (Nine Months Ended Sep 30) | 2020 | 2019 | | :--- | :--- | :--- | | Net Cash (Used In) Provided By Operating Activities | ($1.1) | $7.2 | | Net Cash Used In Investing Activities | ($741.0) | ($25.7) | | Net Cash Provided By Financing Activities | $798.5 | $139.3 | | **Net Increase in Cash and Cash Equivalents** | **$56.3** | **$120.8** | - Investing activities saw a significant cash outflow due to a net increase in loans and leases of **$760.6 million** This was largely funded by financing activities, which included a net increase in deposits of **$544.0 million** and a net increase in short-term borrowings of **$203.8 million**[21](index=21&type=chunk) [Notes to Consolidated Financial Statements](index=10&type=section&id=Notes%20to%20Consolidated%20Financial%20Statements) These notes detail accounting policies, PPP impact, loan portfolio, credit quality, allowance for loan losses, lease accounting, debt, and COVID-19 implications - As of September 30, 2020, the company had **$613.9 million of net PPP loans** outstanding, which are 100% guaranteed by the SBA The company received **$20.9 million** in nonrefundable loan processing fees related to these loans[52](index=52&type=chunk)[50](index=50&type=chunk) - The company is not required to adopt the Current Expected Credit Loss (CECL) accounting standard until January 1, 2023, and continues to use the incurred loss method for its allowance for loan and lease losses[53](index=53&type=chunk)[135](index=135&type=chunk) - In response to the COVID-19 pandemic, the company provided short-term loan modifications under the CARES Act As of September 30, 2020, the principal balance of loans remaining in deferment status was **$32.9 million**, significantly down from **$444.5 million** at June 30, 2020[142](index=142&type=chunk)[247](index=247&type=chunk) - In March 2020, the company issued **$15.0 million** in subordinated notes due 2030, intended to be treated as Tier 2 capital for regulatory purposes[202](index=202&type=chunk) [Item 2 – Management's Discussion and Analysis of Financial Condition and Results of Operations](index=45&type=section&id=Item%202%20%E2%80%93%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses significant growth in assets, loans, and deposits, driven by PPP, alongside increased net income, credit quality, liquidity, and capital adequacy [Results of Operations](index=46&type=section&id=Results%20of%20Operations) Performance Metric (Q3, in millions) | Performance Metric | Q3 2020 | Q3 2019 | | :--- | :--- | :--- | | Net Income | $6.5 | $4.8 | | Diluted EPS | $0.78 | $0.57 | | Return on Average Assets (ROA) | 0.87% | 0.87% | | Return on Average Equity (ROE) | 10.64% | 8.19% | - Taxable-equivalent net interest income increased by **20% to $21.6 million** for Q3 2020 compared to Q3 2019 However, the net interest margin decreased from **3.53% to 3.09%**, primarily due to the low-yielding PPP loans and general market rate reductions[267](index=267&type=chunk)[268](index=268&type=chunk) - Noninterest income for Q3 2020 increased by **76% year-over-year**, driven by a **185% surge in mortgage banking income** due to increased origination and sales activity in a low-rate environment[280](index=280&type=chunk) - Noninterest expense for Q3 2020 rose **24% year-over-year**, primarily due to higher salaries and benefits, which included increased mortgage banking commissions and costs related to organizational growth[288](index=288&type=chunk) [Financial Condition](index=53&type=section&id=Financial%20Condition) - Total assets grew by **37% to $3.05 billion** as of September 30, 2020, from **$2.23 billion** at year-end 2019 This was largely driven by **$613.9 million in outstanding PPP loans**[300](index=300&type=chunk) - Total loans increased by **43% to $2.52 billion** since year-end 2019 Excluding PPP loans, core loans grew at an annualized rate of **over 10%**[300](index=300&type=chunk)[303](index=303&type=chunk) - The asset growth was funded by a **38% annualized growth in deposits** (**$544.0 million** increase) and a **$246.1 million net increase in borrowings**, including **$203.8 million from the Federal Reserve's PPPLF**[300](index=300&type=chunk)[302](index=302&type=chunk) - Shareholders' equity increased by **4% to $248.2 million** from year-end 2019, reflecting retained earnings growth, partially offset by **$1.8 million in treasury stock repurchases**[359](index=359&type=chunk) [Credit Quality and Allowance for Loan Losses](index=54&type=section&id=Credit%20Quality%20and%20Allowance%20for%20Loan%20Losses) Credit Quality Metrics (in millions) | Metric | September 30, 2020 | December 31, 2019 | | :--- | :--- | :--- | | Nonperforming Loans | $13.4 | $12.0 | | Total Nonperforming Assets | $15.1 | $12.2 | | Nonperforming Loans as a % of Total Loans | 0.53% | 0.68% | | Allowance for Loan Losses to Nonperforming Loans | 91.05% | 79.55% | - The allowance for loan losses to total loans was **0.48%** at September 30, 2020 Excluding the SBA-guaranteed PPP loans, this ratio was **0.64%**[307](index=307&type=chunk) - The provision for loan losses for the first nine months of 2020 was **$2.7 million**, up from **$1.2 million** in the same period of 2019, reflecting increased qualitative factors related to the potential economic impact of the COVID-19 pandemic[279](index=279&type=chunk) [Capital Resources](index=60&type=section&id=Capital%20Resources) Capital Ratios (Mid Penn Bancorp, Inc.) | Capital Ratios (Mid Penn Bancorp, Inc.) | September 30, 2020 | Minimum for Adequacy (w/ buffer) | | :--- | :--- | :--- | | Common Equity Tier 1 Capital Ratio | 9.5% | 7.0% | | Tier 1 Capital Ratio | 9.5% | 8.5% | | Total Capital Ratio | 12.3% | 10.5% | | Tier 1 Leverage Ratio | 6.6% | 4.0% | - Both Mid Penn Bancorp, Inc and Mid Penn Bank met the definition of a "well-capitalized" institution under regulatory frameworks as of September 30, 2020[360](index=360&type=chunk)[362](index=362&type=chunk) [Item 3 – Quantitative and Qualitative Disclosures about Market Risk](index=62&type=section&id=Item%203%20%E2%80%93%20Quantitative%20and%20Qualitative%20Disclosures%20about%20Market%20Risk) The company's primary market risk is interest rate risk, with an asset-sensitive position where net interest income is projected to increase in rising rate environments Interest Rate Sensitivity Analysis | Change in Basis Points | % Change in Net Interest Income | | :--- | :--- | | +300 | +16.10% | | +200 | +10.69% | | +100 | +5.38% | | -100 | -5.32% | | -200 | -11.17% | | -300 | -16.77% | [Item 4 – Controls and Procedures](index=62&type=section&id=Item%204%20%E2%80%93%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective, with no material changes to internal control over financial reporting - Management concluded that disclosure controls and procedures were effective as of September 30, 2020[370](index=370&type=chunk) - No material changes were made to the company's internal control over financial reporting during the nine months ended September 30, 2020[371](index=371&type=chunk) PART II – OTHER INFORMATION [Item 1 – Legal Proceedings](index=63&type=section&id=Item%201%20%E2%80%93%20Legal%20Proceedings) The company is not aware of any material litigation, with pending proceedings considered ordinary routine business matters - There are no pending legal proceedings other than ordinary routine litigation occurring in the normal course of business[373](index=373&type=chunk) [Item 1A – Risk Factors](index=63&type=section&id=Item%201A%20%E2%80%93%20Risk%20Factors) No material changes to risk factors from the 2019 Form 10-K are reported, beyond those in subsequent SEC filings - No material changes to risk factors from the 2019 Form 10-K are reported[374](index=374&type=chunk) [Item 2 – Unregistered Sales of Equity Securities and Use of Proceeds](index=63&type=section&id=Item%202%20%E2%80%93%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) This section summarizes the company's treasury stock repurchase program and activity during the third quarter of 2020 Treasury Stock Repurchase Activity | Period | Total Shares Purchased | Average Price Per Share | | :--- | :--- | :--- | | July 2020 | 1,265 | $19.39 | | August 2020 | 2,292 | $19.52 | | September 2020 | 8,572 | $19.33 | - As of September 30, 2020, approximately **$13.2 million** remained available for repurchase under the publicly announced program[377](index=377&type=chunk) [Item 6 – Exhibits](index=64&type=section&id=Item%206%20%E2%80%93%20Exhibits) This section lists exhibits filed with the Form 10-Q, including officer certifications and interactive data files