Company: UVSP
Filing Date: 2025-10-24
Form Type: 10-Q
Source: 0000102212-25-000028
Chunk: 16

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-10-24
Form: 10-Q
Item: Item 1
Chunk 16
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,117)$211,202 $(28,137)Collateralized mortgage obligations— — 1,449 (87)1,449 (87)Corporate bonds501 — 56,921 (3,573)57,422 (3,573)Total$5,510 $(20)$264,563 $(31,777)$270,073 $(31,797)At December 31, 2024Securities Held-to-MaturityResidential mortgage-backed securities$2,566 $(50)$112,441 $(19,054)$115,007 $(19,104)Total$2,566 $(50)$112,441 $(19,054)$115,007 $(19,104)Securities Available-for-SaleResidential mortgage-backed securities$65,044 $(905)$205,071 $(38,537)$270,115 $(39,442)Collateralized mortgage obligations— — 1,685 (133)1,685 (133)Total$65,044 $(905)$206,756 $(38,670)$271,800 $(39,575)At September 30, 2025, the fair value of held-to-maturity securities in an unrealized loss position for which an allowance for credit losses has not been recorded was $108.1 million, including unrealized losses of $14.1 million. These holdings were comprised of 89 federal agency mortgage-backed securities, which are U.S. government entities and agencies and are either explicitly or implicitly guaranteed by the U.S. government, are highly rated by major rating agencies and have a long history of no credit losses. The Corporation did not recognize any credit losses on held-to-maturity debt securities for the nine months ended September 30, 2025. At September 30, 2025, the fair value of available-for-sale securities in an unrealized loss position for which an allowance for credit losses has not been recorded was $270.1 million, including unrealized losses of $31.8 million. These holdings were comprised of: (1) 101 federal agency mortgage-backed securities, which are U.S. government entities and agencies and are either explicitly or implicitly guaranteed by the U.S. government, are highly rated by major rating agencies and have a long history of no credit losses; (2) eight investment grade corporate bonds, and (3) two collateralized mortgage obligation bonds. The Corporation does not