Mid Penn Bank

Headquarters

349 Union Street
Millersburg, PA 17061
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.15% 0.95% →
1-Year CD 0.70% 1.01% →
2-Year CD 0.80% 0.95% →
5-Year CD 1.25% 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Mid Penn Bank is an FDIC insured institution located in Millersburg, PA. It was founded in 1868 and has approximately $2.3 billion in assets. Customers can open an account at one of its 29 branches.

FDIC Insured Yes
FDIC Certificate # 9889
Date Established 1868
Assets $ 2.30 billion
Loans $ 1,803.67 million
Deposits $ 1,989.07 million
Capital $ 256.05 million
 

For a more detailed analysis of Mid Penn Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - October 21, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.05% $2,500 $4,999 Learn More
Savings
0.15% $2,500 $4,999 Learn More
Money Market
0.10% $2,500 $2,999 Learn More
Money Market
0.25% $2,500 $2,999 Learn More
Money Market
0.25% $10,000 $14,999 Learn More
Money Market
0.35% $10,000 $14,999 Learn More
Money Market
0.35% $25,000 $29,999 Learn More
Money Market
0.45% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.40% $10,000 $14,999 Learn More
3 Mo CD
0.40% $100,000 $199,999 Learn More
6 Mo CD
0.60% $10,000 $14,999 Learn More
6 Mo CD
0.60% $100,000 $199,999 Learn More
12 Mo CD
0.70% $10,000 $14,999 Learn More
12 Mo CD
0.70% $100,000 $199,999 Learn More
18 Mo CD
0.75% $10,000 $14,999 Learn More
18 Mo CD
0.75% $100,000 $199,999 Learn More
24 Mo CD
0.80% $10,000 $14,999 Learn More
24 Mo CD
0.80% $100,000 $199,999 Learn More
30 Mo CD
0.85% $10,000 $14,999 Learn More
30 Mo CD
0.85% $100,000 $199,999 Learn More
36 Mo CD
1.00% $10,000 $14,999 Learn More
36 Mo CD
1.00% $100,000 $199,999 Learn More
48 Mo CD
1.00% $10,000 $14,999 Learn More
48 Mo CD
1.00% $100,000 $199,999 Learn More
60 Mo CD
1.25% $10,000 $14,999 Learn More
60 Mo CD
1.25% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.20% $1 $99 Learn MoreShow Less
Int Ckg
0.20% $2,500 $3,499 Learn MoreShow Less

Loan Rates - October 21, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Mid Penn Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
3.620% 3.500% 1.00 $3,750 $1,123 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.569% 2.500% 0.88 $2,258 $988 Learn More
First Internet Bank
NMLS ID: 424182
2.565% 2.500% 0.88 $2,142 $988 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
More Info
People's United Bank, N.A.
People's United Bank, N.A.
See Table
4.000 %
$0 Learn More
More Info

Note to Mid Penn Bank
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Branches

Mid Penn Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Fairfield,Connecticut


Mid Penn Bank Locations


Financial Details

Mid Penn Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Mid Penn Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Mid Penn Bank U.S. Bank Average
4.66% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2020, Mid Penn Bank had $10,670,000 in non-current loans and $1,718,000 in owned real estate. To cover these potential losses it had $256,051,000 in equity and $10,014,000 in loans loss reserves. That gives it a Texas Ratio of 4.66%.

Return on Equity
Mid Penn Bank U.S. Bank Average
7.15% 7.80%

Mid Penn Bank has a Return on Equity of 7.15% versus the BestCashCow average of 7.80%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Mid Penn Bank U.S. Bank Average
11.14% 12.68%

Mid Penn Bank has a Capitalization of 11.14% versus the BestCashCow average of 12.68. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Mid Penn Bank Balance Sheet Analysis

As of March 31, 2020, Mid Penn Bank had assets of $2,299,362,000, loans of $1,803,669,000, and deposits of $1,989,068,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 137.77 million
Interest-bearing balances $ 109.00 million
Total securities $ 198.88 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 1,803.67 million
Loan loss allowance $ 10.01 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 1.72 million
Goodwill and other intangibles $ 68.27 million
All other assets $ 62.89 million
     Total Assets $ 2.04 billion
LIABILITIES
Total deposits $ 1,989.07 million
      Interest-bearing deposits $ 1,624.77 million
      Deposits held in domestic offices $ 1,989.07 million
      % insured (estimated) 60.67%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 23.36 million
Subordinated debt $ 9.65 million
All other liabilities $ 21.23 million
      Total Liabilities $ 2.04 billion
      Shareholders’ Equity $ 256.05 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 23.70 million
Total Interest Expense $ 5.77 million
Net interest income $ 17.93 million
Provision for loan and lease losses $ 0.55 million
Total non interest income $ 2.78 million
Total non interest expense $ 14.93 million
Pre-tax Net Operating Income $ 5.23 million

Bank Loan Profile?

The top three loan types in Mid Penn Bank’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Commercial and Industrial Loans.

Compared to other banks in Pennsylvania, Mid Penn Bank has a significantly higher percent of Small Business Loans, Construction and Development Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 23.92
Multifamily
Mortgages
3.59
Credit Card Loans 0.01
Consumer Auto Loans 0.02
Small Business Loans 13.53
Construction and Development Loans 11.70
Commercial Real Estate 38.18
Commercial and Industrial Loans 15.72
Farm Loans 0.18

Frequently Asked Questions About Mid Penn Bank

Branches and Savings

Is Mid Penn Bank FDIC insured?

Yes. It is covered under FDIC Certificate #9889.

Why does Mid Penn Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Mid Penn Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Mid Penn Bank a commercial bank?

Yes

Where are Mid Penn Bank locations?

See branch locations nearby.

Is Mid Penn Bank open on Saturdays?

Is Mid Penn Bank open on Sundays?

What time does Mid Penn Bank open?

What time does Mid Penn Bank close?

Are Mid Penn Bank ATMs Open 24/7?

Do Mid Penn Bank ATMs accept cash deposits?

Can Mid Penn Bank customers use other ATMs?

Do Mid Penn Bank branches have notaries?

Will Mid Penn Bank notarize my document?

What address for Mid Penn Bank should I put for incoming ACH transfers?

Will the Mid Penn Bank branch print checks?

Do Mid Penn Bank checks expire?

Does Mid Penn Bank require US citizenship to open account?

Can Mid Penn Bank close my account?

Does Mid Penn Bank Report to credit bureaus?

Does Mid Penn Bank Use Equifax?

What is Mid Penn Bank's ACH Routing Number?

What is Mid Penn Bank's SWIFT code?

Products

Does Mid Penn Bank offer mortgages?

Compare mortgage rates here.

Does Mid Penn Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Mid Penn Bank offer personal loans?

Compare personal loan rates here.

Does Mid Penn Bank offer student loans?

Will Mid Penn Bank cash a check?

Will Mid Penn Bank redeem a savings bond?

Does Mid Penn Bank cash savings bonds?

Will Mid Penn Bank cash money orders?

Can Mid Penn Bank issue a money order?

Does Mid Penn Bank do currency exchange?

Background on The Bank

Who owns Mid Penn Bank?

How long has Mid Penn Bank been around?

Can Mid Penn Bank transfer to other banks?

Does Mid Penn Bank have quick pay?

Does Mid Penn Bank accept rolled coins?

Will Mid Penn Bank accept loose change?

Where is Mid Penn Bank headquarters?

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