Company: UVSP
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000102212-25-000019
Chunk: 108

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-04-29
Form: 10-Q
Item: Item 8
Chunk 108
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 $— — %$— 2 $5,739 1.51 %$514 Total— $— $— 2 $5,739 $514 *Amortized cost excludes $130 thousand and $24 thousand of accrued interest receivable on modified loans for the three months ended March 31, 2025 and March 31, 2024, respectively.The following presents, by class of loans, information regarding the financial effect on accruing and nonaccrual modified loans to borrowers experiencing financial difficulty during the three months ended March 31, 2025 and 2024. Term Extension(Dollars in thousands)No. ofLoansFinancial EffectThree Months Ended March 31, 2025Accruing Modified Loans to Borrowers Experiencing Financial Difficulty:Commercial, financial and agricultural5  Added a weighted-average 2 months to the life of the loans, which reduced monthly payment amounts for the borrowers.  Real estate—commercial2 Added a weighted-average 3 months to the life of the loans, which reduced monthly payment amounts for the borrowers.Real estate—construction2 Added a weighted-average 5 months to the life of the loans, which reduced monthly payment amounts for the borrowers.Total9 Nonaccrual Modified Loans to Borrowers Experiencing Financial Difficulty:Total— Three Months Ended March 31, 2024Accruing Modified Loans to Borrowers Experiencing Financial Difficulty:Real estate—commercial1 Added a weighted-average 8 months to the life of the loan, which reduced monthly payment amounts for the borrower.Real estate—construction1 Added a weighted-average 8 months to the life of the loan, which reduced monthly payment amounts for the borrower.Total2 Nonaccrual Modified Loans to Borrowers Experiencing Financial Difficulty:Real estate—construction2 Added a weighted-average 8 months to the life of the loans, which reduced monthly payment amounts for the borrowers.Total2 There were no accruing or nonaccrual modified loans to borrowers experiencing financial difficulty for which there were payment defaults during the 12-month period preceding modification for the three months ended March 31, 2025 and 2024.

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The following presents, by class of loans, the amortized cost and performance status of accruing and nonaccrual modified loans to borrowers experiencing financial difficulty that have been modified in the last 12 months as of March 31,