Company: UVSP
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000102212-25-000006
Chunk: 33

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 33
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 31, 2024 and 2023, by the length of time those securities were in a continuous loss position. Less thanTwelve MonthsTwelve Monthsor LongerTotal(Dollars in thousands)Fair ValueUnrealizedLossesFair ValueUnrealizedLossesFair ValueUnrealizedLossesAt December 31, 2024Securities Held-to-MaturityResidential mortgage-backed securities$2,566 $(50)$112,441 $(19,054)$115,007 $(19,104)Total$2,566 $(50)$112,441 $(19,054)$115,007 $(19,104)Securities Available-for-SaleResidential mortgage-backed securities$65,044 $(905)$205,071 $(38,537)$270,115 $(39,442)Collateralized mortgage obligations— — 1,685 (133)1,685 (133)Total$65,044 $(905)$206,756 $(38,670)$271,800 $(39,575)At December 31, 2023Securities Held-to-MaturityResidential mortgage-backed securities$6,005 $(94)$122,272 $(17,406)$128,277 $(17,500)Total$6,005 $(94)$122,272 $(17,406)$128,277 $(17,500)Securities Available-for-SaleState and political subdivisions$1,029 $(1)$— $— $1,029 $(1)Residential mortgage-backed securities16,992 (65)238,053 (35,362)255,045 (35,427)Collateralized mortgage obligations— — 2,001 (200)2,001 (200)Corporate bonds780 (1)— — 780 (1)Total$18,801 $(67)$240,054 $(35,562)$258,855 $(35,629)At December 31, 2024, the fair value of held-to-maturity securities in an unrealized loss position for which an allowance for credit losses has not been recorded was $115.0 million, including unrealized losses of $19.1 million. These holdings were comprised of 90 federal agency mortgage-backed securities, which are U.S. government entities and agencies and are either explicitly or implicitly guaranteed by the U.S. government,