Company: UVSP
Filing Date: 2025-10-24
Form Type: 10-Q
Source: 0000102212-25-000028
Chunk: 131

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-10-24
Form: 10-Q
Item: Item 8
Chunk 131
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)Sold servicing rights— — — (3,466)Changes in valuation allowance(308)(781)(322)(700)End of period$6,585 $5,692 $6,585 $5,692 Loans serviced for others$1,068,800 $996,701 $1,068,800 $996,701 Activity in the valuation allowance for servicing rights was as follows: Three Months Ended September 30,Nine Months Ended September 30,(Dollars in thousands)2025202420252024Valuation allowance, beginning of period$(21)$(17)$(7)$(98)Additions(308)(781)(322)(700)Valuation allowance, end of period$(329)$(798)$(329)$(798)

31

The estimated amortization expense of servicing rights for the remainder of 2025 and the succeeding fiscal years is as follows:Year(Dollars in thousands)AmountRemainder of 2025$1,344 20261,060 2027846 2028683 2029555 Thereafter2,097 Total$6,585 

Note 6. Deposits

Deposits and their respective weighted average interest rate at September 30, 2025 and December 31, 2024 consisted of the following:At September 30, 2025At December 31, 2024Weighted Average Interest RateAmountWeighted Average Interest RateAmount(Dollars in thousands)Noninterest-bearing deposits—%$1,390,565 —%$1,414,635 Demand deposits3.27 3,612,564 3.25 3,186,597 Savings deposits0.75 757,081 0.44 704,321 Time deposits3.92 1,457,933 4.40 1,453,706 Total2.50%$7,218,143 2.52%$6,759,259 Deposits are insured up to applicable limits by the Deposit Insurance Fund of the FDIC, which is currently $250 thousand per account owner. The aggregate amount of time deposits in denominations over $250 thousand was $300.6 million at September 30, 2025 and $276.0 million at December 31, 2024. At September 30, 2025, the scheduled maturities