Company: UVSP
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000102212-25-000019
Chunk: 28

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-04-29
Form: 10-Q
Item: Item 1
Chunk 28
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 — 27,200 27,200 Lease financings— 2,584 2,584 — 249,540 249,540 Total$1,961 $83,671 $85,632 $19,686 $6,559,400 $6,579,086 

21

Modified Loans to Borrowers Experiencing Financial DifficultyThe following presents, by class of loans, information regarding accruing and nonaccrual modified loans to borrowers experiencing financial difficulty during the three months ended March 31, 2025 and 2024.Term Extension Three Months Ended March 31, 2025Three Months Ended March 31, 2024(Dollars in thousands)NumberofLoansAmortized Cost Basis*% of Total Class of Financing ReceivableRelatedReserveNumberofLoansAmortized Cost Basis*% of Total Class of Financing ReceivableRelatedReserveAccruing Modified Loans to Borrowers Experiencing Financial Difficulty:Commercial, financial and agricultural5 $15,238 1.47 %$23 — $— — %$— Real estate—commercial 2 3,185 0.09 — 1 1,323 0.04 2 Real estate—construction2 4,726 1.68 12 1 1,831 0.48 6 Total9 $23,149 $35 2 $3,154 $8 Nonaccrual Modified Loans to Borrowers Experiencing Financial Difficulty:Real estate—construction— $— — %$— 2 $5,739 1.51 %$514 Total— $— $— 2 $5,739 $514 *Amortized cost excludes $130 thousand and $24 thousand of accrued interest receivable on modified loans for the three months ended March 31, 2025 and March 31, 2024, respectively.The following presents, by class of loans, information regarding the financial effect on accruing and nonaccrual modified loans to borrowers experiencing financial difficulty during the three months ended March 31, 2025 and 2024. Term Extension(Dollars in thousands)No. ofLoansFinancial EffectThree Months Ended March 31, 2025Accruing Modified Loans to Borrowers Experiencing