Company: UVSP
Filing Date: 2025-10-24
Form Type: 10-Q
Source: 0000102212-25-000028
Chunk: 106

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-10-24
Form: 10-Q
Item: Item 8
Chunk 106
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(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 $449.5 million and $424.8 million at September 30, 2025 and December 31, 2024, respectively, were pledged to secure public funds deposits and contingency funding. There were no pledged securities to secure credit derivatives and interest rate swaps at September 30, 2025 or December 31, 2024.The following table presents information related to sales of securities available-for-sale during the nine months ended September 30, 2025 and 2024. Nine Months Ended September 30,(Dollars in thousands)20252024Securities available-for-sale:Proceeds from sales$— $505 Gross realized gains on sales— 18 Tax expense related to net realized gains on sales— 4 At September 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 unrealized loss position for which an allowance for credit losses has not been recorded at September 30, 2025 and December 31, 2024, by the length of time those securities were in a continuous loss position.  Less thanTwelve MonthsTwelve Monthsor LongerTotal(Dollars in thousands)Fair ValueUnrealizedLossesFair ValueUnrealizedLossesFair Value