Company: UVSP
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001628280-25-036392
Chunk: 143

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-07-29
Form: 10-Q
Item: Item 8
Chunk 143
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39

 At December 31, 2024(Dollars in thousands)Level 1Level 2Level 3FairValueCarryingAmountAssets:Cash and short-term interest-earning assets$328,844 $— $— $328,844 $328,844 Held-to-maturity securities— 115,007 — 115,007 134,111 Federal Home Loan Bank, Federal Reserve Bank and other stockNANANANA38,980 Net loans and leases held for investment— — 6,586,054 6,586,054 6,729,381 Servicing rights— — 12,710 12,710 6,990 Total assets$328,844 $115,007 $6,598,764 $7,042,615 $7,238,306 Liabilities:Deposits:Demand and savings deposits, non-maturity$5,305,553 $— $— $5,305,553 $5,305,553 Time deposits— 1,458,774 — 1,458,774 1,453,706 Total deposits5,305,553 1,458,774 — 6,764,327 6,759,259 Short-term borrowings11,181 — — 11,181 11,181 Long-term debt— 225,475 — 225,475 225,000 Subordinated notes— 147,500 — 147,500 149,261 Total liabilities$5,316,734 $1,831,749 $— $7,148,483 $7,144,701 The following valuation methods and assumptions were used by the Corporation in estimating the fair value for financial instruments measured at fair value on a non-recurring basis and financial instruments not measured at fair value on a recurring or non-recurring basis in the Corporation’s condensed consolidated balance sheets but for which the fair value is required to be disclosed:Cash and short-term interest-earning assets: The carrying amounts reported in the balance sheet for cash and due from banks, interest-earning deposits with other banks and other short-term investments is their stated value. Cash and short-term interest-earning assets are classified within Level 1 in the fair value hierarchy.Held-to-maturity securities: Fair values for the held-to-maturity investment securities are