Company: UVSP
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001628280-25-036392
Chunk: 15

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-07-29
Form: 10-Q
Item: Item 1
Chunk 15
---
ized loss position for which an allowance for credit losses has not been recorded at June 30, 2025 and December 31, 2024, 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 June 30, 2025Securities Held-to-MaturityResidential mortgage-backed securities$2,573 $(17)$109,356 $(15,272)$111,929 $(15,289)Total$2,573 $(17)$109,356 $(15,272)$111,929 $(15,289)Securities Available-for-SaleResidential mortgage-backed securities$25,762 $(151)$201,199 $(30,692)$226,961 $(30,843)Collateralized mortgage obligations— — 1,542 (99)1,542 (99)Corporate bonds996 (2)56,977 (3,938)57,973 (3,940)Total$26,758 $(153)$259,718 $(34,729)$286,476 $(34,882)At 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 June 30, 2025, 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 $111.9 million, including unrealized losses of $15.3 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