Mid Penn Bancorp, Inc. Unaudited Combined Pro Forma Balance Sheets as of September 30, 2024 ($ In thousands, except per share data) Mid Penn Bancorp, Inc. William Penn Bancorporation Transaction Accounting Adjustments Mid Penn Bancorp, Inc. Pro Forma Combined before Management Adjustments Management Adjustments Mid Penn Bancorp, Inc. Pro Forma Combined after Management Adjustments Assets Cash and due from banks . . . . . . . . . . . . . . . . . $ 57,518 $ 6,928 $ — $ 64,446 $ — $ 64,446 Interest-bearing balances with other financial institutions .......................... 19,323 19,311 — 38,634 76,543(12) 115,177 Federalfundssold ...................... 67,554 271 — 67,825 — 67,825 Total cash and cash equivalents . . . . . . . . . . 144,395 26,510 — 170,905 76,543 247,448 Investment securities: Investment securities held to maturity, at amortizedcost ....................... 386,618 86,835 (13,447)(3) 460,006 — 460,006 Investment securities available for sale, at fair value ............................... 255,227 154,141 — 409,368 — 409,368 Equity securities available for sale, at fair value ............................... 446 2,095 — 2,541 — 2,541 Loansheldforsale ...................... 7,919 — — 7,919 — 7,919 Loans and leases, net of unearned interest . . . . 4,431,704 464,731 (26,160)(4) 4,870,275 — 4,870,275 Less: Allowance for loan and lease losses ............................ (35,562) (2,522) (2,125)(5) (40,209) — (40,209) Netloansandleases ..................... 4,396,142 462,209 (28,285) 4,830,066 — 4,830,066 Bank premises and equipment, net . . . . . . . . . 33,765 7,041 1,332(6) 42,138 — 42,138 Operating lease right of use asset . . . . . . . . . . . 7,390 8,140 — 15,530 — 15,530 Finance lease right of use asset . . . . . . . . . . . . 2,593 — — 2,593 — 2,593 Cash surrender value of life insurance . . . . . . . 53,135 42,148 — 95,283 — 95,283 Restricted investment in bank stocks . . . . . . . . 10,589 2,690 — 13,279 — 13,279 Accrued interest receivable . . . . . . . . . . . . . . . 27,286 2,906 — 30,192 — 30,192 Deferredincometaxes ................... 23,197 8,093 8,698(7) 39,988 — 39,988 Goodwill ............................. 128,160 4,858 (2,490)(1) 130,528 — 130,528 Core deposit and other intangibles, net . . . . . . 6,713 323 10,825(8) 17,861 — 17,861 Foreclosed assets held for sale . . . . . . . . . . . . . 281 — — 281 — 281 Otherassets ........................... 43,169 4,240 — 47,409 — 47,409 Total Assets . . . . . . . . . . . . . . . . . . . . . . . . . $ 5,527,025 $ 812,229 $ (23,367) $ 6,315,887 $ 76,543 $6,392,430 Liabilities and Stockholders’ Equity Deposits: Noninterest-bearing demand . . . . . . . . . . . . . . $ 791,980 $ 66,235 $ — $ 858,215 $ — $858,215 Interest-bearing transaction accounts . . . . . . . . 2,288,783 379,710 — 2,668,493 — 2,668,493 Time ................................. 1,626,001 183,844 (1,102)(9) 1,808,743 — 1,808,743 Total Deposits ....................... 4,706,764 629,789 (1,102) 5,335,451 — 5,335,451 Borrowings............................ 137,813 40,597 — 178,410 — 178,410 Subordinateddebt ...................... 45,894 — — 45,894 — 45,894 Operating lease liability . . . . . . . . . . . . . . . . . . 7,778 8,411 — 16,189 — 16,189 Accrued interest payable . . . . . . . . . . . . . . . . . 18,995 69 — 19,064 — 19,064 Otherliabilities ........................ 36,722 5,110 14,151(11) 55,983 — 55,983 Total Liabilities ..................... 4,953,966 683,976 13,049 5,650,991 — 5,650,991 Shareholders’ equity: Commonstock ......................... 17,061 92 3,507(1)(2) 20,660 2,731(12) 23,391 Additional paid-in capital . . . . . . . . . . . . . . . . 406,922 96,730 3,763(1)(2) 507,415 73,812(12) 581,227 Unearned common stock held by employee stockownershipplan .................. — (8,688) 8,688(1)(2) — — — Retainedearnings....................... 172,234 57,310 (69,565)(2)(5)(11) 159,979 — 159,979 Accumulated other comprehensive income (loss) ............................... (13,116) (17,191) 17,191(2) (13,116) — (13,116) Treasurystock ......................... (10,042) — — (10,042) — (10,042) Total Shareholders’ Equity ............ 573,059 128,253 (36,416) 664,896 76,543 741,439 Total Liabilities and Shareholders’ Equity ...........................$5,527,025 $812,229 $(23,367) $6,315,887 $ 76,543 $6,392,430 Per Share Data SharesOutstanding ....................... 16,620,174 9,218,459 (5,619,630)(1) 20,219,003 2,731,250 22,950,253 BookValuePerShare ..................... $ 34.48 $ 13.91 $ 32.88 $ 32.31 25
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