Company: UVSP
Filing Date: 2025-10-24
Form Type: 10-Q
Source: 0000102212-25-000028
Chunk: 142

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-10-24
Form: 10-Q
Item: Item 8
Chunk 142
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375,027 $— $377,440 Liabilities:Credit derivatives*$— $— $97 $97 Forward loan sale commitments*— 14 — 14 Total liabilities$— $14 $97 $111 * Such financial instruments are recorded at fair value as further described in Note 11, "Derivative Instruments and Hedging Activities."The $97 thousand of credit derivatives liability represented the Credit Valuation Adjustment (CVA), which is obtained from real-time financial market data, of 133 interest rate swaps with a notional amount of $829.4 million. The September 30, 2025 CVA was calculated using a 40% loss given default rate on the most recent investment grade credit curve. At December 31, 2024(Dollars in thousands)Level 1Level 2Level 3Assets/Liabilities atFair ValueAssets:Available-for-sale securities:State and political subdivisions$— $1,295 $— $1,295 Residential mortgage-backed securities— 283,381 — 283,381 Collateralized mortgage obligations— 1,685 — 1,685 Corporate bonds— 71,000 — 71,000 Total available-for-sale securities— 357,361 — 357,361 Equity securities:Money market mutual funds2,506 — — 2,506 Total equity securities2,506 — — 2,506 Loans held for sale— 16,653 — 16,653 Interest rate locks with customers*— 214 — 214 Forward loan sale commitments*— 12 — 12 Total assets$2,506 $374,240 $— $376,746 Liabilities:Contingent consideration liability$— $— $635 $635 Credit derivatives*— — 67 67 Total liabilities$— $— $702 $702 * Such financial instruments are recorded at fair value as further described in Note 11, "Derivative Instruments and Hedging Activities."

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The $67 thousand of credit derivatives liability represented the CVA, which is obtained from real-time financial market data, of 135 interest rate swaps with a current notional amount of $860.4 million. The December 31, 2024 CVA was calculated using