-----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, BZnmmiJSK/yzgdUrTCTBvPCdL2FHR9djroym9AMvEiSAlSc699DRus0u+sqqCbDG pvnroPCU12FhsW+tBCicFw== 0001135428-08-000034.txt : 20080125 0001135428-08-000034.hdr.sgml : 20080125 20080125160342 ACCESSION NUMBER: 0001135428-08-000034 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20080123 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20080125 DATE AS OF CHANGE: 20080125 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: 08551048 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 UNITED STATES 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 (Date of earliest event reported): January 23, 2008 Mid Penn Bancorp, Inc. ---------------------- (Exact name of registrant as specified in its charter) Pennsylvania 1-13677 25-1666413 - ------------------------- ------------ -------------------- (State or other (Commission (IRS Employer jurisdiction of File Number) Identification No.) incorporation) 349 Union Street, Millersburg, Pennsylvania 17061 - ------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) (717).692.2133 ---------------------------------------------------- (Registrant's telephone number, including area code) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) MID PENN BANCORP, INC. CURRENT REPORT ON FORM 8-K ITEM 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION. On January 23, 2008, Mid Penn Bancorp, Inc. ("Corporation") issued a press release discussing its financial results for the fourth quarter and for the year 2007. Attached hereto as Exhibit 99.1 is a copy of the Corporation's press release dated January 23, 2008. The information provided in this Current Report on Form 8-K, including the attached exhibit, is being provided pursuant to Item 2.02 of Form 8-K. In accordance with General Instruction B.2 of Form 8-K, the information in this report shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Securities Exchange Act of 1934, except as shall be expressly set forth by specific reference in such a filing. ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS. (c) Exhibits. Exhibit Number Description - -------------- ----------- 99.1 Press Release dated January 23, 2008 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned, thereunto duly authorized. MID PENN BANCORP, INC. Date: January 23, 2008 By: /s/ Alan W. Dakey ---------------------------------------------- Title: President and Chief Executive Officer EX-99.1 2 ex-99.txt Exhibit 99.1 DATE: January 23, 2008 CONTACT: Alan W. Dakey President & CEO Mid Penn Bancorp, Inc. 349 Union Street Millersburg, PA 17061 (717) 692-2133 MID PENN BANCORP, INC. DECLARES DIVIDEND AND REPORTS 2007 EARNINGS (Millersburg, PA) - The Board of Directors of Mid Penn Bancorp, Inc. (AMEX - MBP), parent company of Mid Penn Bank, declared a quarterly cash dividend of 20 cents per share, payable Monday, February 25, 2008, to shareholders of record Wednesday, February 6, 2008. Mid Penn Bancorp, Inc. reported net income for the year 2007 of $4,491,000, compared to net income of $4,888,000 for the year 2006. Net income on a per share basis decreased by 7.9% to $1.28 for 2007, compared to $1.39 for 2006. The return on average equity was 11.4% for the year 2007 and 12.9% for 2006. The decrease in income was primarily attributable to an increase in the provision for possible loan and lease losses of $190,000 during the year. The fourth quarter provision alone was $550,000 in 2007 based on a detailed analysis of non-performing assets. This increased provision represents the downgrading of a few large commercial loan relationships during the fourth quarter, as well as deteriorating economic conditions. Mid Penn Bank has not originated sub-prime loans, and therefore has not experienced losses attributable to this type of lending or investment. Other major factors affecting earnings during the year were the investment in two new offices in Middletown and Steelton in December 2006, the relocation of our Elizabethville Office in the spring of 2007, and the opening of a new office on Market Street in Camp Hill, Pennsylvania, in the fall of 2007, along with the associated initial facilities, staffing, and promotional expenses. Earnings for the fourth quarter of 2007 totaled $1,018,000 compared to $1,374,000 earned in the fourth quarter of 2006. Earnings per share were $.29 per share compared to $.41 per share for the fourth quarter of 2006. The decline was primarily attributable to the increased loan loss provision. Total assets at December 31, 2007, were approximately $509 million, an increase of 3.7% from the prior year. Total loans of $377 million as of December 31, 2007, increased by $18 million, or 5.0%, from the prior year. Total deposits as of December 31, 2007, of $373 million remained fairly flat during the year. Mid Penn Bancorp, through its subsidiary, Mid Penn Bank, operates 15 offices in Dauphin, Northumberland, Schuylkill, and Cumberland Counties. For more information, visit www.midpennbank.com and view the Investor Relations page where comprehensive information is available concerning the corporation. -----END PRIVACY-ENHANCED MESSAGE-----