Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. freshman Avg
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New words:
acknowledge, ACNB, advocacy, Affordable, Albert, alert, alerting, AMAL, ample, AROW, assumption, atypical, band, behavior, budget, Bulletin, CATC, CCNE, CDs, Chair, CHCO, CISA, closer, CNOB, commerce, concept, confidential, conservatorship, content, CRE, currency, CZNC, debtor, decided, deciding, depositor, disadvantage, dispersion, divergence, EBC, EBTC, elevated, email, encounter, explicit, extra, Farmland, FCF, FFIC, FICO, field, FISI, FLIC, forecast, forecasted, Frank, FRBK, FRST, gateway, GDP, geopolitical, guarantor, guide, guided, Gumina, inadvertent, incentive, incentivize, incident, influential, innovation, intrusion, Joel, KRNY, labor, lapse, LBAI, LGD, LHFI, light, lodging, log, LTV, macroeconomic, managerial, MCB, Middlesex, Mindful, misleading, Monmouth, NFBK, Nominal, noncredit, nonqualified, notable, OBS, ORRF, overseen, PCL, PD, penetration, pertinent, PGC, pipeline, prepay, proactive, proportional, ready, recalculating, reconsider, recruiting, redefined, rethink, risen, RMA, score, sharp, Simplification, slightly, SMMF, solution, sophisticated, speculative, STBA, Steering, subcommittee, suburban, suite, talent, talented, TBBK, text, thereof, threat, TMP, traffic, TRST, unconditionally, uniformly, uninterrupted, unnecessary, unregulated, UVSP, Verifying, viable, voice, vulnerability, vulnerable, Watch, weak, weaken, worse
Removed:
accretable, accrue, applicant, approached, artificially, ascertain, attempting, clarify, commensurate, concluding, continuation, contractually, correlate, cycle, declined, deferment, deferral, emergency, eventually, exceeding, existence, forming, fractional, impracticable, imprecision, measurable, multiple, nonaccretable, noncompliance, Northumberland, notification, OTTI, outcome, passing, phase, proper, ranged, ranging, register, repositioning, representing, shield, spread, SRC, subjectively, timeframe, Trump, ultimately, unfavorable, unimpaired, unpredictable, write
Financial report summary
?Management Discussion
- Net interest income, Mid Penn's primary source of earnings, represents the difference between interest income received on loans, investments, and overnight funds, and interest expense paid on deposits and short- and long-term borrowings. Net interest income is affected by changes in interest rates and changes in average balances (volume) in the various interest-sensitive assets and liabilities. Interest and average rates in the table below are presented on a fully taxable-equivalent basis ("FTE"). Tax-equivalent adjustments were calculated using a statutory corporate tax rate of 21% for the years ended December 31, 2023, 2022 and 2021. For purposes of calculating loan yields, average loan balances include non-accrual loans. Loan fees of $4.6 million, $8.4 million and $25.5 million are included with loan interest income in the following table for the years ended December 31, 2023, 2022, and 2021, respectively. During the years ended December 31, 2023, 2022, and 2021, Mid Penn recognized $15 thousand, $3.8 million and $22.0 million of PPP fees, respectively, which are included in loan fees.