Company: UVSP
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000102212-25-000019
Chunk: 112

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-04-29
Form: 10-Q
Item: Item 8
Chunk 112
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 servicing rights for the remainder of 2025 and the succeeding fiscal years is as follows:Year(Dollars in thousands)AmountRemainder of 2025$1,101 2026925 2027781 2028661 2029562 Thereafter2,842 Total$6,872 

25

Note 6. Deposits

Deposits and their respective weighted average interest rate at March 31, 2025 and December 31, 2024 consisted of the following:At March 31, 2025At December 31, 2024Weighted Average Interest RateAmountWeighted Average Interest RateAmount(Dollars in thousands)Noninterest-bearing deposits— %$1,433,995 — %$1,414,635 Demand deposits3.26 2,966,824 3.25 3,186,597 Savings deposits0.41 711,386 0.44 704,321 Time deposits4.25 1,546,293 4.40 1,453,706 Total2.48 %$6,658,498 2.52 %$6,759,259 Deposits are insured up to applicable limits by the Deposit Insurance Fund of the FDIC, which is currently $250 thousand per account owner. The aggregate amount of time deposits in denominations over $250 thousand was $318.0 million at March 31, 2025 and $276.0 million at December 31, 2024. At March 31, 2025, the scheduled maturities of time deposits were as follows:Year(Dollars in thousands)AmountRemainder of 2025$969,531 2026171,476 2027167,515 2028163,112 202973,466 Thereafter1,193 Total$1,546,293 

Note 7. Borrowings

The following is a summary of borrowings by type. Short-term borrowings consist of overnight borrowings and term borrowings with an original maturity of one year or less.At March 31, 2025At December 31, 2024(Dollars in thousands)Balance at End of PeriodWeighted Average Interest Rate at End of PeriodBalance at End of PeriodWeighted Average Interest Rate at End of PeriodShort-term borrowings:Customer repurchase agreements$4,031 0.