Company: UVSP
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001628280-25-036392
Chunk: 140

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-07-29
Form: 10-Q
Item: Item 8
Chunk 140
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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 a 40% loss given default rate on the most recent investment grade credit curve.The contingent consideration liability resulting from the Sheaffer acquisition was calculated using a discount rate of 8.3% on the acquisition date. During the six months ended June 30, 2025, the Corporation paid $635 thousand in contingent consideration related to this acquisition. There was no contingent consideration liability at June 30, 2025. During the year ended December 31, 2024, the Corporation paid $635 thousand in contingent consideration related to this acquisition. The contingent consideration liability was $635 thousand at December 31, 2024.The following table includes a roll forward of credit derivatives for which the Corporation utilized Level 3 inputs to determine fair value on a recurring basis for the six months ended June 30, 2025 and 2024:    Six Months Ended June 30, 2025(Dollars in thousands)Balance atDecember 31,2024AdditionsIncrease in valueBalance at June 30, 2025Credit derivatives$(67)$(164)$152 $(