Unaudited Pro Forma Combined Statements of Income for nine months ended 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 Interest Income Loans,includingfees..................... $ 197,412 $ 19,324 $ 2,811(4) $ 219,547 $ — $ 219,547 Investmentsecurities ..................... 13,425 4,826 4,475(3) 22,726 — 22,726 Other interest-bearing balances . . . . . . . . . . . . . 973 549 — 1,522 1,849(12) 3,371 Federalfundssold ....................... 1,461 — — 1,461 — 1,461 Total Interest Income ................. 213,271 24,699 7,286 245,256 1,849 247,105 Interest Expense Deposits ............................... 85,484 10,013 275(9) 95,772 — 95,772 Borrowings ............................ 12,396 2,379 513(10) 15,288 — 15,288 Total Interest Expense ................ 97,880 12,392 788 111,060 — 111,060 Net Interest Income ................... 115,391 12,307 6,498 134,196 1,849 136,045 Provision/(Benefit) for credit losses – loans . . . . . 1,784 (1,063) — 721 — 721 (Benefit)/Provision for credit losses CCL . . . . . . . (601) 32 — (569) — (569) Net Interest Income after Provision/ (Benefit) for Credit Losses ........... 114,208 13,338 6,498 134,044 1,849 135,893 Noninterest Income Fiduciary and wealth management . . . . . . . . . . . . 3,465 — — 3,465 — 3,465 ATM debit card interchange . . . . . . . . . . . . . . . . . 2,880 311 — 3,191 — 3,191 Service charges on deposits . . . . . . . . . . . . . . . . . . 1,597 343 — 1,940 — 1,940 Mortgagebanking ......................... 1,820 — — 1,820 — 1,820 Mortgagehedging ......................... (1) — — (1) — (1) Net gain on sales of SBA loans . . . . . . . . . . . . . . . 332 — — 332 — 332 Earnings from cash surrender value of life insurance .............................. 861 969 — 1,830 — 1,830 Otherincome ............................. 5,390 389 — 5,779 — 5,779 Total Noninterest Income .............. 16,344 2,012 — 18,356 — 18,356 Noninterest Expenses Salaries and employee benefits . . . . . . . . . . . . . 47,151 8,941 — 56,092 — 56,092 Software licensing and utilization . . . . . . . . . . . 6,694 1,540 — 8,234 — 8,234 Occupancy,net ......................... 5,658 2,091 25(6) 7,774 — 7,774 Equipment ............................. 3,715 107 — 3,822 — 3,822 Sharestax ............................. 1,945 — — 1,945 — 1,945 Legal and professional fees . . . . . . . . . . . . . . . . 3,300 767 — 4,067 — 4,067 ATM/cardprocessing .................... 1,650 73 1,723 1,723 Intangibleamortization ................... 1,313 114 1,433(8) 2,860 — 2,860 FDICAssessment ....................... 3,327 262 — 3,589 — 3,589 Loss on sale of foreclosed assets, net . . . . . . . . . . 7 4 — 11 — 11 Mergerandacquisition ................... 109 — — 109 — 109 Post acquisition restructuring . . . . . . . . . . . . . . — — — — — — Otherexpenses ......................... 11,834 1,985 — 13,819 — 13,819 Total Noninterest Expenses ............ 86,703 15,884 1,458 104,045 — 104,045 Income (Loss) before Provision for Income Taxes ................................. 43,849 (534) 5,040 48,355 1,849 50,204 Provision/(Benefit) for Income Taxes . . . . . . . . . . 7,644 (491) 1,058(7) 8,211 388(12) 8,599 Net Income (Loss) Available to Common Shareholders .......................... $ 36,205 $ (43) $ 3,982 $ 40,144 $ 1,461 $ 41,605 Per Common Share Data: Basic Earnings per Common share . . . . . . . . $ 2.18 $ (0.01) — 1.98 — 1.81 Diluted Earnings per Common Share . . . . . . $ 2.18 $ (0.01) — 1.97 — 1.80 Weighted-Average basic shares outstanding ........................ 16,585,719 8,271,307 (4,538,719)(1) 20,318,307 2,731,250(12) 23,049,557 Weighted-Average diluted shares outstanding ........................ 16,625,559 8,327,507 (4,594,919)(1) 20,358,147 2,731,250(12) 23,089,397 26
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