Company: UVSP
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000102212-25-000006
Chunk: 51

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 51
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 December 31, 2024 and 2023. Term ExtensionOther-Than-Insignificant Payment Delay(Dollars in thousands)No. ofLoansFinancial EffectNo. ofLoansFinancial EffectFor the Year Ended December 31, 2024Accruing Modified Loans to Borrowers Experiencing Financial Difficulty:Commercial, financial and agricultural1  Added 8 months to the life of the loan, which reduced monthly payment amount for the borrower. 2  Provided 3-month payment deferrals to assist borrowers. Real estate—commercial4 Added a weighted-average 12 months to the life of loans, which reduced monthly payment amount for the borrowers.— Total5 2 Nonaccrual Modified Loans to Borrowers Experiencing Financial Difficulty:Total— — For the Year Ended December 31, 2023Accruing Modified Loans to Borrowers Experiencing Financial Difficulty:Real estate—commercial2 Added a weighted-average 1.1 years to the life of loans, which reduced monthly payment amount for the borrowers.— Total2 — Nonaccrual Modified Loans to Borrowers Experiencing Financial Difficulty:Real estate—commercial1 Added a weighted-average 1.3 years to the life of loan, which reduced monthly payment amount for the borrower.— Total1 — 

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The following presents, by class of loan, the amortized cost of accruing or nonaccrual modified loans to borrowers experiencing financial difficulty that had a payment default subsequent to modification during the years ended December 31, 2024 and 2023 and were modified in the 12 months prior to that default.For the Years Ended December 31,20242023Term ExtensionTerm Extension(Dollars in thousands)Numberof LoansAmortized Cost BasisNumberof LoansAmortized Cost BasisAccruing Modified Loans to Borrowers Experiencing Financial Difficulty:Real estate—commercial1 $1,849 — $— Total1 $1,849 — $— Nonaccrual Modified Loans to Borrowers Experiencing Financial Difficulty:Real estate—commercial— $— 1 $1,741 Total— $— 1 $1,741 The following presents, by class of loans, the amortized cost and performance status of accruing and nonaccrual modified loans to borrowers experiencing financial difficulty that have been modified in the last 12 months