-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, NlHdU9iCOHulx/IlQiVUTZ7YngpT6fTm8+VsvgFxlrUZ3mbq3bFdPq7CLzscbSMB ctx3DOCu0PSu0bxVnExhXw== 0001135428-03-000554.txt : 20031020 0001135428-03-000554.hdr.sgml : 20031020 20031020085723 ACCESSION NUMBER: 0001135428-03-000554 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20031017 ITEM INFORMATION: ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20031020 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MID PENN BANCORP INC CENTRAL INDEX KEY: 0000879635 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 251666413 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-13677 FILM NUMBER: 03947053 BUSINESS ADDRESS: STREET 1: 349 UNION ST CITY: MILLERSBURG STATE: PA ZIP: 17061 BUSINESS PHONE: 7176922133 MAIL ADDRESS: STREET 1: 349 UNION STREET STREET 2: 349 UNION STREET CITY: MILLERSBURG STATE: PA ZIP: 17061 8-K 1 midpenn_8k.txt U.S. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ------------------------- Form 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report - October 17, 2003 Mid Penn Bancorp, Inc. Pennsylvania 0-20141 25-1666413 349 Union Street Millersburg ------------ ------- ---------- Pennsylvania 17061 ------ 717/692-2133 Not Applicable (Former name or former address, if changed since last report) Item 7. Financial Statement, Pro Forma Financial Information And Exhibits. (c) Exhibits. Exhibit Number 99.1 Press Release, dated October 17, 2003, issued by Mid Penn Bancorp, Inc. Item 12. Results of Operations and Financial Condition. On October 17, 2003, Mid Penn Bancorp, Inc., announced it results of operations for the quarter ended September 30, 2003. A copy of the related press release is being furnished as Exhibit 99.1 to this Form 8-K. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. - ------------------------------- (Registrant) Dated: October 17, 2003 Alan W. Dakey /s/, President and Chief Executive Officer EXHIBIT INDEX PAGE NO. IN MANUALLY SIGNED EXHIBIT NO. ORIGINAL 99.1 Press Release, dated October 17, 2003. EX-99.1 3 ex-991.txt Exhibit 99.1 MID PENN BANCORP, INC. REPORTS 5.5 PERCENT EARNINGS INCREASE FOR THE NINE MONTH PERIOD ENDED SEPTEMBER 30, 2003 Mid Penn Bancorp, Inc. (AMEX - MBP) parent company of Mid Penn Bank, announced earnings for the nine months ended September 30, 2003, of $3,405,000, an increase of 5.5% over the $3,227,000 earned in the same period of 2002. Earnings for the third quarter of 2003 were $1,086,000 compared to the $1,145,000 earned in the prior year's third quarter. Earnings per share increased to $1.07 per share compared to $1.01 per share for the first three quarters of 2002. Earnings per share for the third quarter of 2003 amounted to $.34 compared to $.36 during the same period of 2002. The return on equity was 12.7%. The growth in earnings was primarily attributable to higher levels of earning assets and increased fee income, particularly loan fees associated with residential mortgages and commercial loans, as well as gains on sales of investment securities. Total assets at September 30, 2003, were approximately $373 million, an increase of 6.3% from the prior year. Gross loans of $234,520,000 increased by $24 million or 11.2% at September 30, 2003, compared to the prior year. The increase in loans was primarily in the commercial loan portfolio. Loan quality ratios remained strong, with non-performing loans and delinquency levels within bank targets. Total deposits as of September 30, 2003, were $288 million compared to $277 million the prior year, an increase of 4%. Deposit growth was experienced in money market accounts as well as in demand deposits. Alan W. Dakey, President and Chief Executive Officer, commented, "We have a solid deposit and loan base in northern Dauphin, Cumberland, Northumberland, and Schuylkill Counties and have been very pleased with the growth we have experienced in the Capital region where we have expanded our branch network. We operate as a community business bank in the Capital region and have attracted a significant number of business customers who were discouraged with the large out-of-the-area banks that serve the Capital region. We see strong growth prospects in this expanding market for full-service community based banks that provide high quality service and prompt, local decision-making." Mid Penn Bancorp, Inc. share price as of September 30, 2003, was $22.00, compared to a share price of $18.75 as of September 30, 2002, an increase of 17.3%. The current annual dividend is $.80 per share, which results in an annualized dividend yield of 3.6% as of September 30, 2003. Mid Penn Bancorp, through its subsidiary, Mid Penn Bank, operates 11 offices in Dauphin, Northumberland, Schuylkill, and Cumberland Counties. For more information, visit www.midpennbank.com. -----END PRIVACY-ENHANCED MESSAGE-----