Deposits

3 Months Ended

Mar. 31, 2025

Deposits [Abstract]

Deposits

Deposits

Deposits consisted of the following as of March 31, 2025 and December 31, 2024:

(Dollars in thousands)	March 31, 2025		% of Total Deposits		December 31, 2024		% of Total Deposits
Noninterest-bearing demand deposits	$	788,316	16.7	%	$	759,169	16.2	%
Interest-bearing demand deposits	1,045,100		22.1	%	1,101,444		23.5	%
Money market	1,067,661		22.6	%	958,051		20.4	%
Savings	262,444		5.5	%	260,258		5.5	%
Total demand and savings	3,163,521		66.9	%	3,078,922		65.6	%
Time	1,568,681		33.1	%	1,611,005		34.4	%
Total deposits	$	4,732,202	100.0	%	$	4,689,927	100.0	%

The scheduled maturities of time deposits at March 31, 2025 were as follows:

	Time Deposits
(In thousands)	Less than $250,000		$250,000 or more
Maturing in 2025	$	969,787	$	296,652
Maturing in 2026	197,038		45,330
Maturing in 2027	35,580		1,824
Maturing in 2028	11,364		561
Maturing in 2029	5,815		255
Maturing thereafter	3,883		592
	$	1,223,467	$	345,214

Mid Penn had $319.8 million in brokered certificates of deposits as of March 31, 2025 and December 31, 2024, respectively. As of March 31, 2025 and December 31, 2024, Mid Penn had $66.3 million and $83.7 million of CDAR (Certificate of Deposit Account Registry) deposits, respectively.