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

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-04-29
Form: 10-Q
Item: Item 1
Chunk 29
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 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, 2025 and 2024.At March 31, 2025(Dollars in thousands)Current30-89 Days Past Due90 Days or More Past DueTotalAccruing Modified Loans to Borrowers Experiencing Financial Difficulty:Commercial, financial and agricultural$15,238 $— $— $15,238 Real estate—commercial5,024 — — 5,024 Real estate—construction4,726 — — 4,726 Total$24,988 $— $— $24,988 Nonaccrual Modified Loans to Borrowers Experiencing Financial Difficulty:Total$— $— $— $— At March 31, 2024(Dollars in thousands)Current30-89 Days Past Due90 Days or More Past Due