Mid Penn Bancorp MPB Payments for (Proceeds from) Investment In Tax Credits And Other Partnerships
Payments for (Proceeds from) Investment In Tax Credits And Other Partnerships at other companies
Other financials
Where this comes from
Reported directly by Mid Penn Bancorp in its filing.
Tagged under the XBRL concept mpb:PaymentsForProceedsFromInvestmentInTaxCreditsAndOtherPartnerships.
The official record: Mid Penn Bancorp’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is Mid Penn Bancorp's payments for (proceeds from) investment in tax credits and other partnerships?
- Mid Penn Bancorp (MPB) reported payments for (proceeds from) investment in tax credits and other partnerships of -$2.77M in Q1 2026.
- How has Mid Penn Bancorp's payments for (proceeds from) investment in tax credits and other partnerships changed year-over-year?
- Mid Penn Bancorp's payments for (proceeds from) investment in tax credits and other partnerships decreased by 328.1% year-over-year, from -$647K to -$2.77M.
- What does payments for (proceeds from) investment in tax credits and other partnerships mean?
- This represents the net cash activity related to investments in tax credit partnerships, such as those for low-income housing or renewable energy. These investments are primarily used to reduce the bank's effective tax rate and support community development goals. It reflects the bank's strategy for tax management and social responsibility.