January 4, 2010 (FinancialWire) — Mid Penn Bancorp, Inc. (NASDAQ: MPB) said that its Mid Penn Bank unit expects to record a provision for loan and lease losses of approximately $7 million for the fourth quarter of 2009.

On December 7, 2009, Mid Penn disclosed that it expected to record a provision for loan and lease losses in the range of $4 million to $5 million for the fourth quarter of 2009. However, after further analysis, the company has determined that the amount of the expected provision is greater than previously disclosed.

The increased provision will result in a net loss for the quarter and for the year ending December 31, 2009. After giving effect to the provision, Mid Penn Bank said it will continue to exceed all regulatory capital levels to be considered “well capitalized” at December 31, 2009.

Mid Penn Bancorp, through its subsidiary Mid Penn Bank, operates 15 offices in Dauphin, Northumberland, Schuylkill and Cumberland Counties in Pennsylvania.

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