MID PENN BANCORP INC Leases Disclosure
| 2025 | 2024 | ||||||||||||||||||||||
| (Dollars in thousands) | Operating Leases | Finance Leases | Operating Leases | Finance Leases | |||||||||||||||||||
| ROU | $ | 15,169 | $ | 2,368 | $ | 7,699 | $ | 2,548 | |||||||||||||||
| Lease liability | 15,405 | 2,917 | 8,092 | 3,063 | |||||||||||||||||||
| Weighted-average remaining lease term (in years) | 5.61 | 13.17 | 5.12 | 14.17 | |||||||||||||||||||
| Weighted-average discount rate | 4.13 | % | 3.81 | % | 3.68 | % | 3.81 | % | |||||||||||||||
| (In thousands) | 2025 | 2024 | 2023 | ||||||||||||||
| Finance lease cost: | |||||||||||||||||
| Amortization of ROU asset | $ | 180 | $ | 179 | $ | 180 | |||||||||||
| Interest expense on lease liability | 113 | 119 | 123 | ||||||||||||||
| Total finance lease cost | 293 | 298 | 303 | ||||||||||||||
| Operating lease cost | 3,328 | 2,322 | 2,081 | ||||||||||||||
Sublease income (1) | — | (21) | (29) | ||||||||||||||
| Total lease costs | $ | 3,621 | $ | 2,599 | $ | 2,355 | |||||||||||
| (In thousands) | 2025 | 2024 | |||||||||
| Cash paid for amounts included in the measurement of lease liabilities: | |||||||||||
| Operating cash flows from finance leases | $ | 113 | $ | 119 | |||||||
| Operating cash flows from operating leases | 3,318 | 2,382 | |||||||||
| Financing cash flows from finance leases | 146 | 134 | |||||||||
| December 31, 2025 | |||||||||||
| (In thousands) | Operating Leases | Finance Leases | |||||||||
| Lease payments due: | |||||||||||
| 2026 | $ | 4,075 | $ | 260 | |||||||
| 2027 | 3,747 | 260 | |||||||||
| 2028 | 2,616 | 260 | |||||||||
| 2029 | 2,291 | 276 | |||||||||
| 2030 | 1,625 | 279 | |||||||||
| Thereafter | 2,795 | 2,397 | |||||||||
| Total lease payments | 17,149 | 3,732 | |||||||||
| Less: imputed interest | (1,744) | (815) | |||||||||
| Present value of lease liabilities | $ | 15,405 | $ | 2,917 | |||||||
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Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 12, 2026 | Showing above |
| 2024 | Mar 13, 2025 | |
| 2023 | Mar 28, 2024 | |
| 2022 | Mar 16, 2023 | |
| 2021 | Mar 15, 2022 | |
| 2020 | Mar 15, 2021 | |
| 2019 | Mar 13, 2020 | |
| 2018 | Mar 19, 2019 | |
| 2017 | Mar 13, 2018 | |
| 2016 | Mar 23, 2017 | |
| 2015 | Mar 17, 2016 | |
About Leases Disclosures
Lease disclosures under ASC 842 provide a comprehensive view of a company's leased asset portfolio, including the split between operating and finance leases, discount rates used to present-value future payments, and the maturity schedule of lease obligations. This section reveals a significant source of off-balance-sheet commitments that were largely hidden before the current standard.
Key signals: the weighted-average discount rate affects the size of recorded lease liabilities — a higher rate reduces the reported obligation, so compare the chosen rate against the company's incremental borrowing rate. The operating versus finance lease mix affects both EBITDA and operating income presentation. Watch the maturity table for concentration risk: large payment cliffs in specific years may create cash flow pressure. Variable lease payments excluded from the liability measurement represent real obligations that do not appear on the balance sheet. Compare total lease costs against prior-year operating lease expense to assess the true economic burden.