Company: UVSP
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001628280-25-036392
Chunk: 36

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-07-29
Form: 10-Q
Item: Item 1
Chunk 36
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,523 $— 0$— $3,523 Total$3,523 $— $— $3,523 As of June 30, 2025 and June 30, 2024, the Bank had $1.2 million and $971 thousand, respectively, in commitments to extend credit to borrowers experiencing financial difficulty whose terms had been modified.The following presents the amount of consumer mortgages collateralized by residential real estate property that were in the process of foreclosure at June 30, 2025 or December 31, 2024.(Dollars in thousands)At June 30, 2025At December 31, 2024Real estate-residential secured for personal purpose$637 $3,095 Real estate-home equity secured for personal purpose— 125 Total$637 $3,220 The following presents foreclosed residential real estate property included in other real estate owned at June 30, 2025 or December 31, 2024.(Dollars in thousands)At June 30, 2025At December 31, 2024Foreclosed residential real estate$2,526 $234 

27

Lease FinancingsThe following presents the schedule of minimum lease payments receivable:(Dollars in thousands)At June 30, 2025At December 31, 20242025 (excluding the six months ended June 30, 2025)$49,075 $91,125 202683,903 76,977 202763,391 56,881 202838,934 32,899 202918,183 12,101 Thereafter4,492 1,964 Total future minimum lease payments receivable257,978 271,947 Plus: Unguaranteed residual1,478 1,485 Plus: Initial direct costs2,932 3,156 Less: Imputed interest(29,947)(31,927)Lease financings$232,441 $244,661 

Note 5. Goodwill and Other Intangible Assets

The Corporation has goodwill from acquisitions which is deemed to be an indefinite intangible asset and is not amortized. Changes in the carrying amount of the Corporation's goodwill by business segment for the six months ended June 30, 2025 were as follows:(Dollars in thousands)BankingWealth ManagementInsuranceConsolidatedBalance at December 31,