Loan Matters. The allowance for loan losses reflected in Mid Penn’s audited consolidated balance sheet at December 31, 2016 was, and the allowance for loan losses shown on Mid Penn’s balance sheets for periods ending after December 31, 2016 was, or will be, adequate, as of the date thereof, under GAAP.
Appears in 3 contracts
Samples: Merger Agreement (First Priority Financial Corp.), Merger Agreement (Mid Penn Bancorp Inc), Merger Agreement (Mid Penn Bancorp Inc)
Loan Matters. The allowance for loan credit losses reflected in Mid Penn’s audited consolidated balance sheet at December 31, 2016 2023 was, and the allowance for loan credit losses shown on Mid Penn’s balance sheets for periods ending after December 31, 2016 2023, was, or will be, adequate, as of the date thereof, under GAAP.
Appears in 2 contracts
Samples: Merger Agreement (William Penn Bancorporation), Merger Agreement (Mid Penn Bancorp Inc)
Loan Matters. The allowance for loan losses reflected in Mid Penn’s audited consolidated balance sheet at December 31, 2016 2020 was, and the allowance for loan losses shown on Mid Penn’s balance sheets for periods ending after December 31, 2016 2020 was, or will be, adequate, as of the date thereof, under GAAP.
Appears in 1 contract
Loan Matters. The allowance for loan losses reflected in Mid Penn’s audited consolidated balance sheet at December 31, 2016 2021 was, and the allowance for loan losses shown on Mid Penn’s balance sheets for periods ending after December 31, 2016 2021 was, or will be, adequate, as of the date thereof, under GAAP.
Appears in 1 contract
