Company: UVSP
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001628280-25-036392
Chunk: 14

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-07-29
Form: 10-Q
Item: Item 1
Chunk 14
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 — (5)— 1,295 Residential mortgage-backed securities:Within 1 year20 — — — 20 After 1 year to 5 years298 — (6)— 292 After 5 years to 10 years11,260 — (791)— 10,469 Over 10 years311,126 119 (38,645)— 272,600 322,704 119 (39,442)— 283,381 Collateralized mortgage obligations:After 1 year to 5 years155 — (4)— 151 Over 10 years1,663 — (129)— 1,534 1,818 — (133)— 1,685 Corporate bonds:Within 1 year5,905 5 (58)(6)5,846 After 1 year to 5 years10,924 16 (303)(31)10,606 After 5 years to 10 years60,000 — (4,650)(802)54,548 76,829 21 (5,011)(839)71,000 Total$402,651 $140 $(44,591)$(839)$357,361 Gross unrealized gains and losses on available-for-sale securities are recognized in accumulated other comprehensive income (loss) and changes in the allowance for credit loss are recorded through provisions for credit loss expense. Expected maturities may differ from contractual maturities because debt issuers may have the right to call or prepay obligations without call or prepayment penalties and mortgage-backed securities typically prepay at a rate faster than contractually due. Securities with a carrying value of $424.6 million and $424.8 million at June 30, 2025 and December 31, 2024, respectively, were pledged to secure public funds deposits and contingency funding. There were no pledged securities to secure credit derivatives and interest rate swaps at June 30, 2025 or December 31, 2024.There were no sales of securities available-for-sale during the three months ended June 30, 2025 or 2024.At June 30, 2025 and December 31, 2024, there were no reportable investments in any single issuer representing more than 10% of shareholders’ equity.

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The following table shows the fair value of securities that were in an unreal