Company: UVSP
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000102212-25-000019
Chunk: 90

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-04-29
Form: 10-Q
Item: Item 8
Chunk 90
---
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 in provision for credit loss expense. Expected maturities may differ from contractual maturities because debt issuers may have the right to call or prepay obligations without call or prepayment penalties and mortgage-backed securities typically prepay at a rate faster than contractually due. Securities with a carrying value of $419.3 million and $424.8 million at March 31, 2025 and December 31, 2024, respectively, were pledged to secure