Mid Penn Bancorp hits $7.1 billion in assets after a string of acquisitions reshapes its Pennsylvania franchise

A Pennsylvania community bank that closed four acquisitions between April 2025 and February 2026 now holds $7.1 billion in total assets. Total assets, which counts everything a bank owns or is owed, from loans to investment securities, stood at $5.4 billion at the same point two years ago. Mid Penn Bancorp (MPB), headquartered in Millersburg, Pennsylvania, laid out the figures in a second-quarter 2026 investor presentation filed with the Securities and Exchange Commission as a Regulation FD disclosure.

What four deals bought

The largest transaction by price was William Penn Bancorporation, which closed in April 2025 for $120 million. Philadelphia-based 1st Colonial Bancorp closed in February 2026 for $106 million. Charis Insurance Group, a south-central Pennsylvania insurance agency, came in at $4 million and closed in May 2025. Cumberland Advisors, a Florida-based registered investment firm, closed on January 1, 2026, adding $3.2 billion in new assets under management.

Assets under management, or AUM, is the total market value of client money a firm oversees. MPB's AUM moved from $1.0 billion in the second quarter of 2024 to $4.0 billion by the second quarter of 2026, almost entirely because of the Cumberland transaction. Fee income as a share of average assets climbed alongside it, from 0.36 percent to 0.61 percent over the same stretch.

What the numbers show at June 30, 2026

Gross loans totaled $5.6 billion and deposits $6.0 billion, putting the loan-to-deposit ratio at 94.4 percent when loans held for sale are excluded. Net interest margin, the percentage spread between what a bank earns on its assets and what it pays on its funding, came in at 4.06 percent on an annualized basis for the quarter. That figure was 3.12 percent in the second quarter of 2024.

Net income for the quarter reached $21.7 million, or $0.85 per share. Core net income, a non-GAAP figure management uses to exclude items it treats as one-time, was $22.0 million or $0.87 per share. Return on average tangible common equity, which measures profit against common shareholders' equity stripped of goodwill and other intangibles, was 13.20 percent on a GAAP basis and 12.53 percent on a core basis.

Credit metrics were quiet. Net charge-offs, loans officially written off as uncollectable, ran at 0.00 percent of average loans annualized for the quarter. Non-performing assets were 0.52 percent of total assets.

The geographic footprint now

MPB operates 62 financial centers across Pennsylvania and central and southern New Jersey. Greater Philadelphia and New Jersey carries $2.1 billion in deposits and $2.3 billion in loans across 23 centers. Greater Harrisburg, the legacy core, holds $2.0 billion in deposits and $2.2 billion in loans across 18 centers. Northern Pennsylvania accounts for 12 centers with $1.0 billion in deposits and $696 million in loans. Western Pennsylvania holds $710 million in deposits and $220 million in loans across 9 locations.

The commercial real estate concentration ratio, which regulators use to assess whether a bank's lending leans too heavily on property markets, fell from 384 percent of total risk-based capital in the second quarter of 2024 to 328 percent in the second quarter of 2026.