Earnings of Mid Penn Bancorp, Inc. (NASDAQ: MPB) dipped by 13% quarter-over-quarter to $0.45 per share in the first quarter of the year due to an increase in provision expense. The provisions for loan losses as of the end of the first quarter do not appear to be high enough to cover the pandemic-driven impairments in the coming quarters. Hence, I’m expecting the provision expense to increase in the year ahead. Further, I’m expecting the rate-sensitive net interest margin to decline in the second quarter, which will hurt earnings. On the other hand, participation