Short-term Borrowings

12 Months Ended

Dec. 31, 2015

Short-term Borrowings [Abstract]

Short-term Borrowings

(11)         Short-term Borrowings

Short-term borrowings generally have terms of less than a week.  Mid Penn’s short-term borrowings consist of federal funds purchased totaling $31,596,000 with a rate of 0.40% at December 31, 2015 and $578,000 with a rate of 0.24% at December 31, 2014.  The Bank also has short-term borrowing capacity from the FHLB up to the Bank’s unused borrowing capacity of $342,362,000 at December 31, 2015, upon satisfaction of any stock purchase requirements of the FHLB, and unused overnight lines of credit with correspondent banks amounting to $15,000,000 at December 31, 2015.