Company: UVSP
Filing Date: 2025-10-24
Form Type: 10-Q
Source: 0000102212-25-000028
Chunk: 129

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-10-24
Form: 10-Q
Item: Item 8
Chunk 129
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 collateralized by residential real estate property that were in the process of foreclosure at September 30, 2025 or December 31, 2024.(Dollars in thousands)At September 30, 2025At December 31, 2024Real estate-residential secured for personal purpose$— $3,095 Real estate-home equity secured for personal purpose188 125 Total$188 $3,220 The following presents foreclosed residential real estate property included in other real estate owned at September 30, 2025 or December 31, 2024.(Dollars in thousands)At September 30, 2025At December 31, 2024Foreclosed residential real estate$3,981 $234 Lease FinancingsThe following presents the schedule of minimum lease payments receivable:(Dollars in thousands)At September 30, 2025At December 31, 20242025 (excluding the nine months ended September 30, 2025)$24,672 $91,125 202688,620 76,977 202768,425 56,881 202844,127 32,899 202922,965 12,101 Thereafter8,317 1,964 Total future minimum lease payments receivable257,126 271,947 Plus: Unguaranteed residual1,442 1,485 Plus: Initial direct costs2,921 3,156 Less: Imputed interest(30,323)(31,927)Lease financings$231,166 $244,661 

Note 5. Goodwill and Other Intangible Assets

The Corporation has goodwill from acquisitions which is deemed to be an indefinite intangible asset and is not amortized. Changes in the carrying amount of the Corporation's goodwill by business segment for the nine months ended September 30, 2025 were as follows:(Dollars in thousands)BankingWealth ManagementInsuranceConsolidatedBalance at December 31, 2024$138,476 $15,434 $21,600 $175,510 Addition to goodwill from acquisitions— — — — Balance at September 30, 2025$138,476 $15,434 $21,600 $175,510 The Corporation also has core deposit and customer-related intangibles, which are not deemed to have an indefinite life and therefore will