Company: UVSP
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001628280-25-036392
Chunk: 104

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-07-29
Form: 10-Q
Item: Item 8
Chunk 104
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 December 31, 2024(Dollars in thousands)AmortizedCostGrossUnrealizedGainsGrossUnrealizedLossesAllowance for Credit LossesFair ValueSecurities Held-to-MaturityResidential mortgage-backed securities:After 1 year to 5 years$1,114 $— $(24)$— $1,090 After 5 years to 10 years10,208 — (450)— 9,758 Over 10 years122,789 — (18,630)— 104,159 134,111 — (19,104)— 115,007 Total$134,111 $— $(19,104)$— $115,007 Securities Available-for-SaleState and political subdivisions:Within 1 year$1,300 $— $(5)$— $1,295 1,300 — (5)— 1,295 Residential mortgage-backed securities:Within 1 year20 — — — 20 After 1 year to 5 years298 — (6)— 292 After 5 years to 10 years11,260 — (791)— 10,469 Over 10 years311,126 119 (38,645)— 272,600 322,704 119 (39,442)— 283,381 Collateralized mortgage obligations:After 1 year to 5 years155 — (4)— 151 Over 10 years1,663 — (129)— 1,534 1,818 — (133)— 1,685 Corporate bonds:Within 1 year5,905 5 (58)(6)5,846 After 1 year to 5 years10,924 16 (303)(31)10,606 After 5 years to 10 years60,000 — (4,650)(802)54,548 76,829 21 (5,011)(839)71,000 Total$402,651 $140 $(44,591)$(839)$357,361 Gross unrealized gains and losses on available-for-sale securities are recognized in accumulated other comprehensive income (loss) and changes in the allowance for credit loss are recorded through provisions for credit loss expense. Expected maturities may differ from contractual matur