Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2021

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 December 31, 2021 and December 31, 2020 are presented below.

	December 31, 2021				December 31, 2020
(Dollars in thousands)	Notional Amount		Fair Value		Notional Amount		Fair Value
Interest Rate Lock Commitments	$	16,107	$	56	$	—	$	—
Forward Commitments		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 December 31, 2021 and December 31, 2020.

	December 31, 2021				December 31, 2020
(Dollars in thousands)	Asset Derivatives		Liability Derivatives		Asset Derivatives		Liability Derivatives
Interest Rate Lock Commitments	$	56	$	—	$	—	$	—
Forward Commitments		32		—		—		—
Total	$	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 years ended December 31, 2021 and 2020.

	For the year ended
(Dollars in thousands)	December 31, 2021		December 31, 2020
Interest Rate Lock Commitments	$	56	$	—
Forward Commitments		8		—
Total	$	64	$	—

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

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

(Dollars in thousands)	December 31, 2021		December 31, 2020
Interest Rate Swap Contracts - Commercial Loans:
Fair Value (a)	$	102	$	489
Notional Amount		109,577		22,331
Cash Collateral Posted (b)		1,600		500

(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)	December 31, 2021		December 31, 2020
Interest Rate Swap Contracts - Commercial Loans:
Gross amounts recognized	$	102	$	489
Gross amounts offset		102		489
Net Amounts Presented in the Consolidated Balance Sheets		—		—
Gross amounts not offset:
Financial instruments		—		—
Cash collateral		1,600		500
Net Amounts	$	1,600	$	500