Company: UVSP
Filing Date: 2025-10-24
Form Type: 10-Q
Source: 0000102212-25-000028
Chunk: 144

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-10-24
Form: 10-Q
Item: Item 8
Chunk 144
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 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, 2024: At September 30, 2025(Dollars in thousands)Level 1Level 2Level 3Assets atFair ValueIndividually analyzed loans held for investment$— $— $23,903 $23,903 Other real estate owned— — 23,926 23,926 Repossessed assets — — 40 40 Total$— $— $47,869 $47,869  At December 31, 2024(Dollars in thousands)Level 1Level 2Level 3Assets atFair ValueIndividually analyzed loans held for investment$— $— $10,111 $10,111 Other real estate owned— — 20,141 20,141 Repossessed assets— — 76 76 Total$— $— $30,328 $30,328 The following table presents assets and liabilities not measured at fair value on a recurring or non-recurring basis in the Corporation’s condensed consolidated balance sheets but for which the fair value is required to be disclosed at September 30, 2025 and December 31, 2024. The disclosed fair values are classified using the fair value hierarchy.  At September 30, 2025(Dollars in thousands)Level 1Level 2Level 3FairValueCarryingAmountAssets:Cash and short-term interest-earning assets$816,739 $— $— $816,739 $816,739 Held-to-maturity securities— 111,904 — 111,904 126,040 Federal Home Loan Bank, Federal Reserve Bank and other stockNANANANA39,617 Net loans and leases held for investment— — 6,673,498 6,673,498 6,675,052 Servicing rights— — 10,474 10