Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2022

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Schedule of Notional Amount and Fair Value of Mortgage Banking Derivative Financial Instruments

The notional amount and fair value of Mid Penn’s mortgage banking derivative financial instruments as of March 31, 2022 and December 31, 2021 are presented below.

	March 31, 2021				December 31, 2021
(Dollars in thousands)	Notional Amount		Fair Value		Notional Amount		Fair Value
Interest Rate Lock Commitments	$	19,707	$	131	$	16,107	$	56
Forward Commitments		21,217		29		20,521		32

Schedule of Mortgage Banking Derivative Financial Instruments Fair Values, and Location in the Consolidated Balance Sheets

The following table presents Mid Penn’s mortgage banking derivative financial instruments, their fair values, and their location in the Consolidated Balance Sheets as of March 31, 2022 and December 31, 2021.

	March 31, 2021				December 31, 2021
(Dollars in thousands)	Asset Derivatives		Liability Derivatives		Asset Derivatives		Liability Derivatives
Interest Rate Lock Commitments	$	—	$	131	$	56	$	—
Forward Commitments		—		29		32		—
Total	$	—	$	160	$	88	$	—

Schedule of Mortgage Banking Derivative Financial Instruments Net, Gains or Losses Recognized Within Other Noninterest Income

The following table presents Mid Penn’s mortgage banking derivative financial instruments and the amount of the net gains or losses recognized within other noninterest income on the Consolidated Statements of Income for the three months ended March 31, 2022 and 2021.

	Three months ended
(Dollars in thousands)	March 31, 2022			March 31, 2021
Interest Rate Lock Commitments	$	(187	)	$	—
Forward Commitments		753			—
Total	$	566		$	—

Notional Amount, and Collateral Posted Related to Loan-level Interest Rate Swaps

The fair value, notional amount, and collateral posted related to loan-level interest rate swaps are presented below.

(Dollars in thousands)	March 31, 2022		December 31, 2021
Interest Rate Swap Contracts - Commercial Loans:
Fair Value (a)	$	5,298	$	102
Notional Amount		112,543		109,577
Cash Collateral Posted (b)		1,600		1,600

(a) Represents the total of the equal and offsetting fair value assets and liabilities related to the loan level interest rate swaps

(b) Included in cash and due from banks on the Consolidated Balance Sheet

Schedule of Gross Amounts of Commercial Loan Swap Derivatives, Amounts Offset and Carrying Values

The gross amounts of commercial loan swap derivatives, the amounts offset and the carrying values in the Consolidated Balance Sheets, and the collateral pledged to support such agreements are presented below.

(Dollars in thousands)	March 31, 2022		December 31, 2021
Interest Rate Swap Contracts - Commercial Loans:
Gross amounts recognized	$	5,298	$	102
Gross amounts offset		5,298		102
Net Amounts Presented in the Consolidated Balance Sheets		—		—
Gross amounts not offset:
Financial instruments		—		—
Cash collateral		1,600		1,600
Net Amounts	$	1,600	$	1,600