Company: UVSP
Filing Date: 2025-10-24
Form Type: 10-Q
Source: 0000102212-25-000028
Chunk: 52

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-10-24
Form: 10-Q
Item: Item 1
Chunk 52
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 $635 thousand in contingent consideration related to this acquisition. The contingent consideration liability was $635 thousand at December 31, 2024.The following table includes a roll forward of credit derivatives for which the Corporation utilized Level 3 inputs to determine fair value on a recurring basis for the nine months ended September 30, 2025 and 2024:    Nine Months Ended September 30, 2025(Dollars in thousands)Balance atDecember 31,2024AdditionsIncrease in valueBalance at September 30, 2025Credit derivatives$(67)$(531)$500 $(98)Net total $(67)$(531)$500 $(98) Nine Months Ended September 30, 2024(Dollars in thousands)Balance atDecember 31,2023AdditionsIncrease in valueBalance at September 30, 2024Credit derivatives$(186)$(297)$360 $(123)Net total$(186)$(297)$360 $(123)The following table presents the change in the balance of the contingent consideration liability related to acquisitions for which the Corporation utilized Level 3 inputs to determine fair value on a recurring basis for the nine months ended September 30, 2025 and 2024: Nine Months Ended September 30, 2025(Dollars in thousands)Balance atDecember 31,2024Payment ofContingentConsiderationAdjustmentof ContingentConsiderationBalance at September 30, 2025Paul I. Sheaffer Insurance Agency$635 $635 $— $— Total contingent consideration liability$635 $635 $— $—  Nine Months Ended September 30, 2024(Dollars in thousands)Balance atDecember 31,2023Payment ofContingentConsiderationAdjustmentof ContingentConsiderationBalance at September 30, 2024Paul I. Sheaffer Insurance Agency$1,224 $635 $38 $627 Total contingent consideration liability$1,224 $635 $38 $627 

41

The Corporation may be required to periodically measure certain assets and liabilities at fair value on a non-recurring basis in accordance with GAAP. These adjustments to fair value usually result from the application of lower of cost or market accounting or changes in the value of individual assets. The following table represents assets measured at fair value on a non-recurring basis at September 30, 2025 and December 31,