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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 10-Q


☒			Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the quarterly period ended March 31, 2026


☐			Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the transition period from __________ to __________

Commission File Number: 0-7617

UNIVEST FINANCIAL CORPORATION

(Exact name of registrant as specified in its charter)


Pennsylvania						23-1886144
(State or other jurisdiction of incorporation or organization)						(IRS Employer Identification No.)

14 North Main Street, Souderton, Pennsylvania 18964

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: (215) 721-2400

Not applicable

(Former name, former address and former fiscal year, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act:


Title of class	Trading symbol	Name of exchange on which registered
Common Stock, $5 par value	UVSP	The NASDAQ Stock Market

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.


Large accelerated filer	☒	Accelerated filer	☐
Non-accelerated filer	☐	Smaller reporting company	☐
		Emerging growth company	☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.			☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.


Common Stock, $5 par value						27,845,802
(Title of Class)						(Number of shares outstanding at April 27, 2026)

Table of Contents

UNIVEST FINANCIAL CORPORATION AND SUBSIDIARIES

INDEX


			Page Number
Part I.	Financial Information:

	Item 1.	Financial Statements (Unaudited)

		Condensed Consolidated Balance Sheets at March 31, 2026 and December 31, 2025	2

		Condensed Consolidated Statements of Income for the Three Months Ended March 31, 202 6 and 2025	3

		Condensed Consolidated Statements of Comprehensive Income for the Three Months Ended March 31, 2026 and 2025	4

		Condensed Consolidated Statements of Changes in Shareholders’ Equity for the Three Months Ended March 31, 2026 and 2025	5

		Condensed Consolidated Statements of Cash Flows for the Three Mon t h s E n d e d March 31, 2026 and 2025	6

		Notes to Condensed Consolidated Financial Statements	7

	Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	40

	Item 3.	Quantitative and Qualitative Disclosures About Market Risk	54

	Item 4.	Controls and Procedures	54

Part II.	Other Information

	Item 1.	Legal Proceedings	54

	Item 1A.	Risk Factors	54

	Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	55

	Item 3.	Defaults Upon Senior Securities	55

	Item 4.	Mine Safety Disclosures	55

	Item 5.	Other Information	55

	Item 6.	Exhibits	56

Signatures			57

Table of Contents

PART I. FINANCIAL INFORMATION

Item 1. Financial Statements

UNIVEST FINANCIAL CORPORATION

CONDENSED CONSOLIDATED BALANCE SHEETS


	(Unaudited)
(Dollars in thousands, except share data)	At March 31, 2026		At December 31, 2025
ASSETS
Cash and due from banks	$	69,645	$	63,579
Interest-earning deposits with other banks	152,712		490,133
Cash and cash equivalents	222,357		553,712

Investment securities held-to-maturity (fair value $106,161 and $109,724 at March 31, 2026 and December 31, 2025, respectively)	119,490		123,024
Investment securities available-for-sale (amortized cost $407,444 and $398,476, net of allowance for credit losses of $31 and $11 at March 31, 2026 and December 31, 2025, respectively)	379,028		371,251
Investments in equity securities	2,898		2,014
Federal Home Loan Bank, Federal Reserve Bank and other stock, at cost	35,511		37,808
Loans held for sale	14,371		15,288
Loans and leases held for investment	6,940,212		6,914,804
Less: Allowance for credit losses, loans and leases	(88,900)		(88,165)
Net loans and leases held for investment	6,851,312		6,826,639
Premises and equipment, net	44,774		45,554
Operating lease right-of-use assets	25,032		25,795
Goodwill	175,510		175,510
Other intangibles, net of accumulated amortization	7,583		7,328
Bank owned life insurance	142,141		140,001
Accrued interest receivable and other assets	121,575		112,973
Total assets	$	8,141,582	$	8,436,897
LIABILITIES
Noninterest-bearing deposits	$	1,475,851	$	1,431,974
Interest-bearing deposits	5,337,912		5,655,339
Total deposits	6,813,763		7,087,313
Short-term borrowings	26,156		24,411
Long-term debt	175,000		200,000
Subordinated notes	98,908		98,867
Operating lease liabilities	27,699		28,531
Accrued interest payable and other liabilities	48,106		54,457
Total liabilities	7,189,632		7,493,579
SHAREHOLDERS’ EQUITY
Common stock, $5 par value: 48,000,000 shares authorized at March 31, 2026 and December 31, 2025; 31,556,799 shares issued at March 31, 2026 and December 31, 2025; 27,949,173 and 28,156,917 shares outstanding at March 31, 2026 and December 31, 2025, respectively	157,784		157,784
Additional paid-in capital	301,154		304,021
Retained earnings	611,771		591,202
Accumulated other comprehensive loss, net of tax benefit	(25,951)		(25,467)
Treasury stock, at cost; 3,607,626 and 3,399,882 shares at March 31, 2026 and December 31, 2025, respectively	(92,808)		(84,222)
Total shareholders’ equity	951,950		943,318
Total liabilities and shareholders’ equity	$	8,141,582	$	8,436,897

Note: See accompanying notes to the unaudited condensed consolidated financial statements.

Table of Contents

UNIVEST FINANCIAL CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

(Unaudited)


	Three Months Ended
	March 31,
(Dollars in thousands, except per share data)	2026		2025
Interest income
Interest and fees on loans and leases	$	98,784	$	97,346
Interest and dividends on investment securities:
Taxable	4,053		4,019
Exempt from federal income taxes	—		4
Interest on deposits with other banks	2,810		1,360
Interest and dividends on other earning assets	704		687
Total interest income	106,351		103,416
Interest expense
Interest on deposits	39,142		41,979
Interest on short-term borrowings	3		14
Interest on long-term debt and subordinated notes	3,841		4,642
Total interest expense	42,986		46,635
Net interest income	63,365		56,781
Provision for credit losses	1,303		2,311
Net interest income after provision for credit losses	62,062		54,470
Noninterest income
Trust fee income	2,236		2,161
Service charges on deposit accounts	2,279		2,194
Investment advisory commission and fee income	6,154		5,613
Insurance commission and fee income	7,423		6,889
Other service fee income	3,041		2,707
Bank owned life insurance income	1,332		1,959

Net gain on mortgage banking activities	791		647
Other income	832		245
Total noninterest income	24,088		22,415
Noninterest expense
Salaries, benefits and commissions	33,459		30,826
Net occupancy	2,998		2,853
Equipment	1,079		1,122
Data processing	4,480		4,364
Professional fees	1,677		1,797
Marketing and advertising	634		353
Deposit insurance premiums	1,170		1,151
Intangible expenses	93		130


Restructuring charges	427		—
Other expense	6,652		6,732
Total noninterest expense	52,669		49,328
Income before income taxes	33,481		27,557
Income tax expense	6,389		5,162
Net income	$	27,092	$	22,395
Net income per share:
Basic	$	0.97	$	0.77
Diluted	0.96		0.77

Note: See accompanying notes to the unaudited condensed consolidated financial statements.

Table of Contents

UNIVEST FINANCIAL CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(Unaudited)


	Three Months Ended March 31,
(Dollars in thousands)	2026						2025
	Before Tax Amount		Tax Expense (Benefit)		Net of Tax Amount		Before Tax Amount		Tax Expense (Benefit)		Net of Tax Amount
Income	$	33,481	$	6,389	$	27,092	$	27,557	$	5,162	$	22,395
Other comprehensive income:
Net unrealized (losses) gains on available-for-sale investment securities:
Net unrealized holding (losses) gains arising during the period	(1,192)		(250)		(942)		7,160		1,504		5,656
Provision (reversal of provision) for credit losses	20		4		16		(93)		(20)		(73)


Total net unrealized (losses) gains on available-for-sale investment securities	(1,172)		(246)		(926)		7,067		1,484		5,583
Net unrealized gains on interest rate swaps used in cash flow hedges:


Reclassification adjustment recorded in earnings (1)	565		119		446		565		119		446
Total net unrealized gains on interest rate swaps used in cash flow hedges	565		119		446		565		119		446
Defined benefit pension plans:

Amortization of net actuarial (losses) gains included in net periodic pension costs (2)	(5)		(1)		(4)		52		11		41



Total defined benefit pension plans	(5)		(1)		(4)		52		11		41
Other comprehensive (losses) income	(612)		(128)		(484)		7,684		1,614		6,070
Total comprehensive income	$	32,869	$	6,261	$	26,608	$	35,241	$	6,776	$	28,465

(1) Represents reclassification to earnings as a reduction to interest income of amounts included in accumulated other comprehensive income on the condensed consolidated balance sheet related to the interest rate swap terminated on August 2, 2024.

(2) These accumulated other comprehensive loss components are included in the computation of net periodic pension cost (before tax amount). See Note 8, "Retirement Plans and Other Postretirement Benefits" for additional details.

Note: See accompanying notes to the unaudited condensed consolidated financial statements.

Table of Contents

UNIVEST FINANCIAL CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY

(Unaudited)


(Dollars in thousands, except per share data)	Common Shares Outstanding	Common Stock		Additional Paid-in Capital		Retained Earnings		Accumulated Other Comprehensive Loss		Treasury Stock		Total
Three Months Ended March 31, 2026
Balance at December 31, 2025	28,156,917	$	157,784	$	304,021	$	591,202	$	(25,467)	$	(84,222)	$	943,318
Net income	—	—		—		27,092		—		—		27,092
Other comprehensive loss, net of income tax benefit	—	—		—		—		(484)		—		(484)
Cash dividends declared ($0.22 per share)	—	—		—		(6,168)		—		—		(6,168)
Stock-based compensation	—	—		1,526		(355)		—		—		1,171
Stock issued under dividend reinvestment and employee stock purchase plans	16,672	—		60		—		—		516		576
Vesting of restricted stock units, net of shares withheld to cover taxes	118,722	—		(4,464)		—		—		2,591		(1,873)
Issuance of common stock	—	—		—		—		—		—		—
Exercise of stock options	8,000	—		11		—		—		201		212

Purchases of treasury stock	(351,138)	—		—		—		—		(11,894)		(11,894)
Balance at March 31, 2026	27,949,173	$	157,784	$	301,154	$	611,771	$	(25,951)	$	(92,808)	$	951,950


(Dollars in thousands, except per share data)	Common Shares Outstanding	Common Stock		Additional Paid-in Capital		Retained Earnings		Accumulated Other Comprehensive Loss		Treasury Stock		Total
Three Months Ended March 31, 2025
Balance at December 31, 2024	29,045,877	$	157,784	$	302,829	$	525,780	$	(43,992)	$	(55,100)	$	887,301
Net income	—	—		—		22,395		—		—		22,395
Other comprehensive income, net of income tax	—	—		—		—		6,070		—		6,070
Cash dividends declared ($0.21 per share)	—	—		—		(6,088)		—		—		(6,088)
Stock-based compensation	—	—		1,370		(311)		—		—		1,059
Stock issued under dividend reinvestment and employee stock purchase plans	19,136	—		50		—		—		524		574
Vesting of restricted stock units, net of shares withheld to cover taxes	107,895	—		(3,641)		—		—		2,066		(1,575)

Exercise of stock options	11,500	—		26		—		—		254		280

Purchases of treasury stock	(221,760)	—		—		—		—		(6,544)		(6,544)
Balance at March 31, 2025	28,962,648	$	157,784	$	300,634	$	541,776	$	(37,922)	$	(58,800)	$	903,472

Note: See accompanying notes to the unaudited condensed consolidated financial statements.

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UNIVEST FINANCIAL CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)


	Three Months Ended March 31,
(Dollars in thousands)	2026		2025
Cash flows from operating activities:
Net income	$	27,092	$	22,395
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses	1,303		2,311
Depreciation of premises and equipment	1,358		1,351
Net amortization of investment securities premiums and discounts	210		229
Amortization, fair market value adjustments and capitalization of servicing rights	(348)		118

Net gain on mortgage banking activities	(791)		(647)



Bank owned life insurance income	(1,332)		(1,959)
Stock-based compensation	1,238		1,067
Intangible expenses	93		130
Other adjustments to reconcile net income to cash used in operating activities	(756)		(480)

Originations of loans held for sale	(43,323)		(37,126)
Proceeds from the sale of loans held for sale	49,410		41,441
Contributions to pension and other postretirement benefit plans	(68)		(62)
Increase in accrued interest receivable and other assets	(7,701)		(4,472)
Decrease in accrued interest payable and other liabilities	(4,251)		(8,693)
Net cash provided by operating activities	22,134		15,603
Cash flows from investing activities:

Proceeds from sale of premises and equipment	9		83
Purchases of premises and equipment	(578)		(1,948)
Proceeds from maturities, calls and principal repayments of securities held-to-maturity	3,461		3,140
Proceeds from maturities, calls and principal repayments of securities available-for-sale	17,170		11,429


Purchases of investment securities available-for-sale	(26,281)		(11,565)
Proceeds from sales of equity securities	2,290		1,981
Purchases of money market mutual funds	(3,174)		(1,142)
Net decrease in other investments	2,297		3,248


Net increase in loans and leases	(30,679)		(10,393)
Proceeds from sales of foreclosed / repossessed assets	—		239

Purchases of bank owned life insurance	(1,646)		—
Proceeds from bank owned life insurance	—		1,828
Net cash used in investing activities	(37,131)		(3,100)
Cash flows from financing activities:
Net decrease in deposits	(273,550)		(100,764)
Net increase (decrease) in short-term borrowings	1,745		(7,150)
Proceeds from issuance of long-term debt	25,000		—
Repayment of long-term debt	(50,000)		(50,000)

Repayment of subordinated debt	(51)		—

Payment of contingent consideration on acquisitions	—		(635)

Payment for shares withheld to cover taxes on vesting of restricted stock units	(1,873)		(1,575)
Purchases of treasury stock	(11,894)		(6,544)
Stock issued under dividend reinvestment and employee stock purchase plans	576		574
Proceeds from exercise of stock options	212		280
Cash dividends paid	(6,523)		(6,399)
Net cash used in financing activities	(316,358)		(172,213)
Net decrease in cash and cash equivalents	(331,355)		(159,710)
Cash and cash equivalents at beginning of year	553,712		328,844
Cash and cash equivalents at end of period	$	222,357	$	169,134







Supplemental disclosures of cash flow information:
Cash paid for interest	$	42,554	$	49,547

Non cash transactions:
Transfer of loans to other real estate owned	$	—	$	2,526
Transfer of leases to repossessed assets	78		17
Transfer of loans to loans held for sale	4,310		—

Note: See accompanying notes to the unaudited condensed consolidated financial statements.

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UNIVEST FINANCIAL CORPORATION AND SUBSIDIARIES

Notes to the Condensed Consolidated Financial Statements (Unaudited)

Note 1. Summary of Significant Accounting Policies

Principles of Consolidation and Basis of Presentation

The accompanying unaudited condensed consolidated financial statements include the accounts of Univest Financial Corporation (the Corporation) and its wholly owned subsidiaries. The Corporation’s direct subsidiaries are Univest Bank and Trust Co. (the Bank) and 1876 Double Eagle, LLC. All significant intercompany balances and transactions have been eliminated in consolidation. The unaudited condensed consolidated financial statements included herein have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (the SEC). Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. generally accepted accounting principles (U.S. GAAP) have been condensed or omitted pursuant to the rules and regulations for interim financial information. The accompanying unaudited condensed consolidated financial statements reflect all adjustments, which are of a normal recurring nature and are, in the opinion of management, necessary for a fair presentation of the financial statements for the interim periods presented. Certain prior period amounts have been reclassified to conform to the current period presentation. Operating results for the three-month period ended March 31, 2026 are not necessarily indicative of the results that may be expected for the year ended December 31, 2026 or for any other period. These unaudited condensed consolidated financial statements should be read in conjunction with the audited financial statements and the notes thereto included in the Corporation’s Annual Report on Form 10-K for the year ended December 31, 2025, which was filed with the SEC on February 23, 2026.

Use of Estimates

The preparation of the unaudited condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant changes include the fair value measurement of investment securities available-for-sale and the determination of the allowance for credit losses on loans and leases.

Accounting Pronouncement Adopted in 2026

In November 2024, the FASB issued ASU No. 2024-04, "Debt—Debt with Conversion and Other Options (Subtopic 470-20): Induced Conversions of Convertible Debt Instruments." This ASU clarifies the requirements for determining whether certain settlements of convertible debt instruments should be accounted for as an induced conversion. This ASU became effective on January 1, 2026 for the Corporation. The adoption of this ASU did not have a material impact on the Corporation's financial statements.

In July 2025, the FASB issued ASU 2025-05, "Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets." This ASU amends ASC 326-202 to provide a practical expedient (for all entities) and an accounting policy election (for all entities, other than public business entities that elect the practical expedient) related to the estimation of expected credit losses for current accounts receivable and current contract assets that arise from transactions accounted for under ASC 606, "Revenue From Contracts with Customers". This ASU became effective on January 1, 2026 for the Corporation. The adoption of this ASU did not have a material impact on the Corporation's financial statements.

Recent Accounting Pronouncements Yet to Be Adopted

In October 2023, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2023-06, "Disclosure Improvements: Codification Amendments in Response to the SEC's Disclosure Update and Simplification Initiative." This ASU amends the disclosure or presentation requirements related to various subtopics in the FASB Accounting Standards Codification. The amendments in this ASU are expected to clarify or improve disclosure and presentation requirements of a variety of Codification Topics, allow users to more easily compare entities subject to the SEC's existing disclosures with those entities that were not previously subject to the requirements, and align the requirements in the Codification with the SEC's regulations. For entities subject to the SEC's existing disclosure requirements and for entities required to file or furnish financial statements with or to the SEC in preparation for the sale of or for purposes of issuing securities that are not subject to contractual restrictions on transfer, the effective date for each amendment will be the date on which the SEC removes that related disclosure from its rules. For all other entities, the amendments will be effective two years

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later. However, if by June 30, 2027, the SEC has not removed the related disclosure from its regulations, the amendments will be removed from the Codification and not become effective for any entity. The Corporation does not expect the adoption of this ASU will have a material impact on the Corporation's financial statements.

In November 2024, the FASB issued ASU No. 2024-03, "Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses." This ASU requires new financial statement disclosures in tabular format, disaggregating information about prescribed categories underlying any relevant income statement expense caption. This ASU is effective for public business entities for annual reporting periods beginning after December 15, 2026, and interim periods beginning after December 15, 2027. Early adoption is permitted. This ASU applies on a prospective basis for periods beginning after the effective date. However, retrospective application to any or all prior periods presented is permitted. In January 2025, the FASB issued ASU No. 2025-01 to amend the effective date of ASU No. 2024-03 to clarify that all public business entities are required to adopt the guidance in annual reporting periods beginning after December 15, 2026, and interim periods within annual reporting periods beginning after December 15, 2027. The Corporation does not expect the adoption of this ASU will have a material impact on the Corporation's financial statements.

In November 2025, the FASB issued ASU 2025-08, "Financial Instruments—Credit Losses (Topic 326): Purchased Loans." This ASU expands the population of acquired financial assets subject to the "gross-up approach" in Topic 326. All non-PCD loans (excluding credit cards) that are acquired in a business combination are deemed seasoned. Other non-PCD loans (excluding credit cards) are considered to be seasoned if they were purchased more than 90 days after origination and the acquirer was not involved in the origination of the loans. This ASU is effective for all entities for annual reporting periods beginning after December 15, 2026, and interim reporting periods within those annual reporting periods. Early adoption is permitted for financial statements that have not yet been issued. The Corporation does not expect the adoption of this ASU will have a material impact on the Corporation's financial statements.

In November 2025, the FASB issued ASU 2025-09, "Derivatives and Hedging (Topic 815): Hedge Accounting Improvements." This ASU is designed to align hedge accounting more closely with the economics of an entity's risk management activities. This ASU addresses five issues intended to enable financial statements to better reflect certain hedging strategies by allowing entities to achieve and maintain hedge accounting for a greater number of highly effective economic hedges. This ASU is effective for all entities for annual reporting periods beginning after December 15, 2026, and interim reporting periods within those annual reporting periods. Early adoption is permitted any date on or after its issuance. The Corporation does not expect the adoption of this ASU will have a material impact on the Corporation's financial statements.

Note 2. Earnings per Share

The following table sets forth the computation of basic and diluted earnings per share.


	Three Months Ended
	March 31,
(Dollars and shares in thousands, except per share data)	2026		2025
Numerator for basic and diluted earnings per share—net income available to common shareholders	$	27,092	$	22,395
Denominator for basic earnings per share—weighted-average shares outstanding	28,033		29,001
Effect of dilutive securities—stock options and restricted stock units	276		270
Denominator for diluted earnings per share—adjusted weighted-average shares outstanding	28,309		29,271
Basic earnings per share	$	0.97	$	0.77
Diluted earnings per share	$	0.96	$	0.77
Average antidilutive options and restricted stock units excluded from computation of diluted earnings per share	2		115

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Note 3. Investment Securities

The following table shows the amortized cost, the estimated fair value and the allowance for credit losses of the held-to-maturity securities and available-for-sale securities at March 31, 2026 and December 31, 2025, by contractual maturity within each type:


	At March 31, 2026
(Dollars in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Allowance for Credit Losses		Fair Value
Securities Held-to-Maturity




Residential mortgage-backed securities:
Within 1 year	$	83	$	—	$	(1)	$	—	$	82
After 1 year to 5 years	87		—		(1)		—		86
After 5 years to 10 years	10,776		—		(318)		—		10,458
Over 10 years	108,544		13		(13,022)		—		95,535
	119,490		13		(13,342)		—		106,161




Total	$	119,490	$	13	$	(13,342)	$	—	$	106,161
Securities Available-for-Sale















Residential mortgage-backed securities:
Within 1 year	$	37	$	—	$	—	$	—	$	37
After 1 year to 5 years	80		—		(1)		—		79
After 5 years to 10 years	13,150		—		(947)		—		12,203
Over 10 years	310,665		653		(25,301)		—		286,017
	323,932		653		(26,249)		—		298,336
Collateralized mortgage obligations:

After 1 year to 5 years	54		—		(1)		—		53

Over 10 years	1,308		—		(74)		—		1,234
	1,362		—		(75)		—		1,287
Corporate bonds:
Within 1 year	10,497		—		(46)		(5)		10,446
After 1 year to 5 years	71,653		61		(2,729)		(26)		68,959


	82,150		61		(2,775)		(31)		79,405
Total	$	407,444	$	714	$	(29,099)	$	(31)	$	379,028

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	At December 31, 2025
(Dollars in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Allowance for Credit Losses		Fair Value
Securities Held-to-Maturity




Residential mortgage-backed securities:
After 1 year to 5 years	$	514	$	—	$	(5)	$	—	$	509
After 5 years to 10 years	10,714		—		(249)		—		10,465
Over 10 years	111,796		42		(13,088)		—		98,750
	123,024		42		(13,342)		—		109,724




Total	$	123,024	$	42	$	(13,342)	$	—	$	109,724
Securities Available-for-Sale















Residential mortgage-backed securities:

After 1 year to 5 years	$	130	$	—	$	(1)	$	—	$	129
After 5 years to 10 years	13,829		—		(933)		—		12,896
Over 10 years	300,227		1,279		(24,951)		—		276,555
	314,186		1,279		(25,885)		—		289,580
Collateralized mortgage obligations:
After 1 year to 5 years	71		—		(1)		—		70

Over 10 years	1,371		—		(73)		—		1,298
	1,442		—		(74)		—		1,368
Corporate bonds:
Within 1 year	7,482		2		(55)		(7)		7,422
After 1 year to 5 years	75,366		129		(2,609)		(4)		72,881


	82,848		131		(2,664)		(11)		80,303
Total	$	398,476	$	1,410	$	(28,623)	$	(11)	$	371,251

Gross unrealized gains and losses on available-for-sale securities are recognized in accumulated other comprehensive income (loss) and changes in the allowance for credit loss are recorded through provision for credit loss expense. Expected maturities may differ from contractual maturities because debt issuers may have the right to call or prepay obligations without call or prepayment penalties and mortgage-backed securities typically prepay at a rate faster than contractually due.

Securities with a carrying value of $441.5 million and $439.4 million at March 31, 2026 and December 31, 2025, respectively, were pledged to secure various deposit obligations and contingency funding. There were no pledged securities to secure credit derivatives and interest rate swaps at March 31, 2026 or December 31, 2025.

There were no sales of securities available-for-sale during the three months ended March 31, 2026 or 2025.

At March 31, 2026 and December 31, 2025, there were no reportable investments in any single issuer representing more than 10% of shareholders’ equity.

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The following table shows the fair value of securities that were in an unrealized loss position for which an allowance for credit losses has not been recorded at March 31, 2026 and December 31, 2025, by the length of time those securities were in a continuous loss position.


	Less than Twelve Months				Twelve Months or Longer				Total
(Dollars in thousands)	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
At March 31, 2026
Securities Held-to-Maturity

Residential mortgage-backed securities	$	6,014	$	(40)	$	97,349	$	(13,302)	$	103,363	$	(13,342)

Total	$	6,014	$	(40)	$	97,349	$	(13,302)	$	103,363	$	(13,342)
Securities Available-for-Sale



Residential mortgage-backed securities	$	57,546	$	(570)	$	180,674	$	(25,679)	$	238,220	$	(26,249)
Collateralized mortgage obligations	—		—		1,287		(75)		1,287		(75)
Corporate bonds	1,003		(1)		57,800		(2,700)		58,803		(2,701)
Total	$	58,549	$	(571)	$	239,761	$	(28,454)	$	298,310	$	(29,025)
At December 31, 2025
Securities Held-to-Maturity

Residential mortgage-backed securities	$	—	$	—	$	102,819	$	(13,342)	$	102,819	$	(13,342)

Total	$	—	$	—	$	102,819	$	(13,342)	$	102,819	$	(13,342)
Securities Available-for-Sale



Residential mortgage-backed securities	$	15,254	$	(42)	$	189,259	$	(25,843)	$	204,513	$	(25,885)
Collateralized mortgage obligations	—		—		1,368		(74)		1,368		(74)
Corporate bonds	—		—		57,409		(2,591)		57,409		(2,591)
Total	$	15,254	$	(42)	$	248,036	$	(28,508)	$	263,290	$	(28,550)

At March 31, 2026, 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 $103.4 million, which includes unrealized losses of $13.3 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 U.S. government, are highly rated by major rating agencies and have a long history of no credit losses. The Corporation did not recognize any credit losses on held-to-maturity debt securities for the three months ended March 31, 2026.

At March 31, 2026, the fair value of available-for-sale securities in an unrealized loss position for which an allowance for credit losses has not been recorded was $298.3 million, which includes unrealized losses of $29.0 million. These holdings were comprised of: (1) 109 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, are highly rated by major rating agencies and have a long history of no credit losses; (2) nine investment grade corporate bonds, and (3) two collateralized mortgage obligation bonds. The Corporation does not intend to sell the securities in an unrealized loss position and is unlikely to be required to sell these securities before a recovery of fair value, which may be maturity. The Corporation concluded that the unrealized loss of these securities was not indicative of a credit loss. Accrued interest receivable on available-for-sale debt securities totaled $1.3 million at March 31, 2026 and was included within accrued interest receivable and other assets on the condensed consolidated balance sheet. This amount is excluded from the estimate of expected credit losses.

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The table below presents a roll forward by major security type for the three months ended March 31, 2026 and March 31, 2025 of the allowance for credit losses on securities available-for-sale.


(Dollars in thousands)	Corporate Bonds
Three months ended March 31, 2026
Securities Available-for-Sale
Beginning balance	$	(11)
Additions for securities for which no previous expected credit losses were recognized	(25)
Change in securities for which a previous expected credit loss was recognized	5
Ending balance	$	(31)
Three months ended March 31, 2025
Securities Available-for-Sale
Beginning balance	$	(839)

Change in securities for which a previous expected credit loss was recognized	93
Ending balance	$	(746)

At March 31, 2026, the fair value of available-for-sale securities in an unrealized loss position for which an allowance for credit losses has been recorded was $9.1 million, which includes unrealized losses of $105 thousand, and an allowance for credit losses of $31 thousand. These holdings were comprised of 19 investment grade corporate bonds, all of which fluctuate in value based on changes in market conditions. For these securities, fluctuations were primarily due to changes in the interest rate environment. The Corporation does not intend to sell these securities, and it is not likely that it will be required to sell the securities before their anticipated recovery. The underlying issuers continue to make timely principal and interest payments on the securities.

There were no sales of equity securities during the three months ended March 31, 2026 and 2025.

Note 4. Loans and Leases

Summary of Major Loan and Lease Categories


(Dollars in thousands)	At March 31, 2026		At December 31, 2025
Commercial, financial and agricultural	$	1,038,947	$	1,027,434
Real estate-commercial	3,656,779		3,621,536
Real estate-construction	299,962		306,793
Real estate-residential secured for business purpose	556,040		554,178
Real estate-residential secured for personal purpose	942,054		959,610
Real estate-home equity secured for personal purpose	201,244		200,394
Loans to individuals	12,319		12,793
Lease financings	232,867		232,066
Total loans and leases held for investment, net of deferred income	$	6,940,212	$	6,914,804
Less: Allowance for credit losses, loans and leases	(88,900)		(88,165)
Net loans and leases held for investment	$	6,851,312	$	6,826,639
Imputed interest on lease financings, included in the above table	$	(30,695)	$	(30,646)
Net deferred costs, included in the above table	6,207		6,194
Overdraft deposits included in the above table	106		153

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Age Analysis of Past Due Loans and Leases

The following presents, by class of loans and leases held for investment, an aging of past due loans and leases, loans and leases which are current and nonaccrual loans and leases at March 31, 2026 and December 31, 2025:


	Accruing Loans and Leases
(Dollars in thousands)	30-59 Days Past Due		60-89 Days Past Due		90 Days or more Past Due		Total Past Due		Current		Total Accruing Loans and Leases		Nonaccrual Loans and Leases		Total Loans and Leases Held for Investment
At March 31, 2026
Commercial, financial and agricultural	$	4,150	$	—	$	—	$	4,150	$	1,030,749	$	1,034,899	$	4,048	$	1,038,947
Real estate—commercial real estate and construction:
Commercial real estate	483		—		—		483		3,652,748		3,653,231		3,548		3,656,779
Construction	124		—		3,641		3,765		296,197		299,962		—		299,962
Real estate—residential and home equity:
Residential secured for business purpose	219		344		—		563		554,195		554,758		1,282		556,040
Residential secured for personal purpose	5,671		—		—		5,671		934,419		940,090		1,964		942,054
Home equity secured for personal purpose	1,181		43		48		1,272		198,296		199,568		1,676		201,244
Loans to individuals	119		72		—		191		12,128		12,319		—		12,319
Lease financings	659		392		61		1,112		230,984		232,096		771		232,867
Total	$	12,606	$	851	$	3,750	$	17,207	$	6,909,716	$	6,926,923	$	13,289	$	6,940,212


	Accruing Loans and Leases
(Dollars in thousands)	30-59 Days Past Due		60-89 Days Past Due		90 Days or more Past Due		Total Past Due		Current		Total Accruing Loans and Leases		Nonaccrual Loans and Leases		Total Loans and Leases Held for Investment
At December 31, 2025
Commercial, financial and agricultural	$	1,142	$	749	$	—	$	1,891	$	1,021,268	$	1,023,159	$	4,275	$	1,027,434
Real estate—commercial real estate and construction:
Commercial real estate	3,943		4,236		—		8,179		3,611,002		3,619,181		2,355		3,621,536
Construction	380		—		—		380		305,678		306,058		735		306,793
Real estate—residential and home equity:
Residential secured for business purpose	781		1,029		—		1,810		550,651		552,461		1,717		554,178
Residential secured for personal purpose	5,500		—		—		5,500		951,892		957,392		2,218		959,610
Home equity secured for personal purpose	2,021		427		—		2,448		196,290		198,738		1,656		200,394
Loans to individuals	148		63		7		218		12,575		12,793		—		12,793
Lease financings	706		452		82		1,240		230,039		231,279		787		232,066
Total	$	14,621	$	6,956	$	89	$	21,666	$	6,879,395	$	6,901,061	$	13,743	$	6,914,804

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Nonperforming Loans and Leases

The following presents, by class of loans and leases, nonperforming loans and leases held for investment at March 31, 2026 and December 31, 2025.


	At March 31, 2026						At December 31, 2025
(Dollars in thousands)	Nonaccrual Loans and Leases		Loans and Leases 90 Days or more Past Due and Accruing Interest		Total Nonperforming Loans and Leases		Nonaccrual Loans and Leases		Loans and Leases 90 Days or more Past Due and Accruing Interest		Total Nonperforming Loans and Leases
Commercial, financial and agricultural	$	4,048	$	—	$	4,048	$	4,275	$	—	$	4,275
Real estate—commercial real estate and construction:
Commercial real estate	3,548		—		3,548		2,355		—		2,355
Construction	—		3,641		3,641		735		—		735
Real estate—residential and home equity:
Residential secured for business purpose	1,282		—		1,282		1,717		—		1,717
Residential secured for personal purpose	1,964		—		1,964		2,218		—		2,218
Home equity secured for personal purpose	1,676		48		1,724		1,656		—		1,656
Loans to individuals	—		—		—		—		7		7
Lease financings	771		61		832		787		82		869
Total	$	13,289	$	3,750	$	17,039	$	13,743	$	89	$	13,832

The following table presents the amortized cost basis of loans and leases held for investment on nonaccrual status and loans and leases held for investment 90 days or more past due and still accruing as of March 31, 2026 and December 31, 2025.


(Dollars in thousands)	Nonaccrual With No Allowance for Credit Losses		Nonaccrual With Allowance for Credit Losses		Total Nonaccrual		Loans and Leases 90 Days or more Past Due and Accruing Interest
At March 31, 2026
Commercial, financial and agricultural	$	154	$	3,894	$	4,048	$	—
Real estate-commercial	3,188		360		3,548		—
Real estate-construction	—		—		—		3,641
Real estate-residential secured for business purpose	1,231		51		1,282		—
Real estate-residential secured for personal purpose	1,964		—		1,964		—
Real estate-home equity secured for personal purpose	1,517		159		1,676		48

Lease financings	—		771		771		61
Total	$	8,054	$	5,235	$	13,289	$	3,750
At December 31, 2025
Commercial, financial and agricultural	$	154	$	4,121	$	4,275	$	—
Real estate-commercial	1,995		360		2,355		—
Real estate-construction	735		—		735		—
Real estate-residential secured for business purpose	1,666		51		1,717		—
Real estate-residential secured for personal purpose	2,218		—		2,218		—
Real estate-home equity secured for personal purpose	1,570		86		1,656		—
Loans to individuals	—		—		—		7
Lease financings	—		787		787		82
Total	$	8,338	$	5,405	$	13,743	$	89

For the three months ended March 31, 2026, $59 thousand of interest income was recognized on nonaccrual loans and leases.

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The following table presents, by class of loans and leases, the amortized cost basis of collateral-dependent nonaccrual loans and leases and type of collateral as of March 31, 2026 and December 31, 2025.


(Dollars in thousands)	Real Estate		Other (1)		None (2)		Total
At March 31, 2026
Commercial, financial and agricultural	$	1,979	$	2,069	$	—	$	4,048
Real estate-commercial	3,548		—		—		3,548
Real estate-construction	—		—		—		—
Real estate-residential secured for business purpose	1,231		51		—		1,282
Real estate-residential secured for personal purpose	1,964		—		—		1,964
Real estate-home equity secured for personal purpose	1,676		—		—		1,676

Lease financings	—		771		—		771
Total	$	10,398	$	2,891	$	—	$	13,289

(Dollars in thousands)	Real Estate		Other (1)		None (2)		Total
At December 31, 2025
Commercial, financial and agricultural	$	1,907	$	1,937	$	431	$	4,275
Real estate-commercial	2,355		—		—		2,355
Real estate-construction	735		—		—		735
Real estate-residential secured for business purpose	1,666		51		—		1,717
Real estate-residential secured for personal purpose	2,218		—		—		2,218
Real estate-home equity secured for personal purpose	1,656		—		—		1,656

Lease financings	—		787		—		787
Total	$	10,537	$	2,775	$	431	$	13,743

(1) Collateral consists of business assets, including accounts receivable, personal property and equipment.

(2) Loans fully guaranteed or fully reserved given lack of collateral.

Credit Quality Indicators

The Corporation categorizes risk based on relevant information about the ability of the borrower to service their debt. Loans with a relationship balance of less than $1 million are reviewed when necessary based on their performance, primarily when such loans are delinquent. Commercial, financial and agricultural loans, real estate-commercial loans, real estate-construction loans and real estate-residential secured for a business purpose loans with relationships greater than $1 million are reviewed at least annually. Loan relationships with a higher risk profile or classified as special mention or substandard are reviewed at least quarterly. The Corporation reviews credit quality key risk indicators on at least an annual basis and last completed this review in conjunction with the period ended December 31, 2025. The following is a description of the internal risk ratings and the likelihood of loss related to the credit quality of commercial, financial and agricultural loans, real estate-commercial loans, real estate-construction loans and real estate-residential secured for a business purpose loans.

1.Pass—Loans considered satisfactory with no indications of deterioration

2.Special Mention—Potential weakness that deserves management's close attention

3.Substandard—Well-defined weakness or weaknesses that jeopardize the liquidation of the debt

4.Doubtful—Collection or liquidation in-full, on the basis of current existing facts, conditions and values, highly questionable and improbable

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Based on the most recent analysis performed, the following table presents the recorded investment in loans and leases held for investment for commercial, financial and agricultural loans, real estate-commercial loans, real estate-construction loans and real estate-residential secured for a business purpose loans by credit quality indicator at March 31, 2026 and December 31, 2025.


	Term Loans Amortized Cost Basis by Origination Year
(Dollars in thousands)	2026		2025		2024		2023		2022		Prior		Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term		Total
At March 31, 2026
Commercial, Financial and Agricultural
Risk Rating
1. Pass	$	50,527	$	164,925	$	85,371	$	36,898	$	33,203	$	110,974	$	471,821	$	977	$	954,696
2. Special Mention	—		265		724		1,218		1,313		616		10,518		—		14,654
3. Substandard	—		480		4,178		5,468		19,341		5,113		35,017		—		69,597

Total	$	50,527	$	165,670	$	90,273	$	43,584	$	53,857	$	116,703	$	517,356	$	977	$	1,038,947
Current period gross charge-offs	$	4	$	71	$	—	$	—	$	—	$	—	$	303	$	—	$	378

Real Estate-Commercial
Risk Rating
1. Pass	$	206,912	$	702,833	$	375,635	$	382,688	$	828,463	$	1,037,791	$	98,362	$	—	$	3,632,684
2. Special Mention	—		861		2,892		250		1,125		1,720		—		—		6,848
3. Substandard	—		—		999		1,385		1,493		13,370		—		—		17,247

Total	$	206,912	$	703,694	$	379,526	$	384,323	$	831,081	$	1,052,881	$	98,362	$	—	$	3,656,779
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	195	$	—	$	—	$	—	$	195

Real Estate-Construction
Risk Rating
1. Pass	$	25,433	$	180,046	$	30,397	$	22,562	$	17,988	$	4,011	$	14,540	$	—	$	294,977
2. Special Mention	—		—		—		—		—		—		—		—		—
3. Substandard	—		—		—		3,641		728		616		—		—		4,985

Total	$	25,433	$	180,046	$	30,397	$	26,203	$	18,716	$	4,627	$	14,540	$	—	$	299,962


Real Estate-Residential Secured for Business Purpose
Risk Rating
1. Pass	$	32,771	$	109,158	$	78,817	$	77,774	$	114,075	$	110,612	$	31,106	$	—	$	554,313
2. Special Mention	—		—		—		—		216		—		—		—		216
3. Substandard	—		—		149		230		—		1,007		125		—		1,511

Total	$	32,771	$	109,158	$	78,966	$	78,004	$	114,291	$	111,619	$	31,231	$	—	$	556,040
Current period gross charge-offs	$	—	$	—	$	—	$	457	$	—	$	—	$	—	$	—	$	457

Totals By Risk Rating
1. Pass	$	315,643	$	1,156,962	$	570,220	$	519,922	$	993,729	$	1,263,388	$	615,829	$	977	$	5,436,670
2. Special Mention	—		1,126		3,616		1,468		2,654		2,336		10,518		—		21,718
3. Substandard	—		480		5,326		10,724		21,562		20,106		35,142		—		93,340

Total	$	315,643	$	1,158,568	$	579,162	$	532,114	$	1,017,945	$	1,285,830	$	661,489	$	977	$	5,551,728
Total current period gross charge-offs	$	4	$	71	$	—	$	457	$	195	$	—	$	303	$	—	$	1,030

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	Term Loans Amortized Cost Basis by Origination Year
(Dollars in thousands)	2025		2024		2023		2022		2021		Prior		Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term		Total
At December 31, 2025
Commercial, Financial and Agricultural
Risk Rating
1. Pass	$	190,229	$	100,720	$	38,778	$	37,042	$	68,428	$	48,061	$	449,957	$	982	$	934,197
2. Special Mention	700		812		2,452		1,406		—		643		12,391		—		18,404
3. Substandard	485		4,286		6,849		20,078		5,512		154		37,469		—		74,833

Total	$	191,414	$	105,818	$	48,079	$	58,526	$	73,940	$	48,858	$	499,817	$	982	$	1,027,434

Real Estate-Commercial
Risk Rating
1. Pass	$	705,601	$	395,166	$	389,163	$	859,503	$	507,262	$	631,928	$	100,794	$	—	$	3,589,417
2. Special Mention	2,432		2,914		807		—		1,735		—		—		—		7,888
3. Substandard	429		1,010		187		5,435		246		16,924		—		—		24,231

Total	$	708,462	$	399,090	$	390,157	$	864,938	$	509,243	$	648,852	$	100,794	$	—	$	3,621,536

Real Estate-Construction
Risk Rating
1. Pass	$	166,806	$	42,023	$	43,121	$	28,330	$	1,718	$	2,434	$	13,477	$	—	$	297,909
2. Special Mention	—		—		—		—		—		—		—		—		—
3. Substandard	—		—		3,641		2,545		—		639		2,059		—		8,884

Total	$	166,806	$	42,023	$	46,762	$	30,875	$	1,718	$	3,073	$	15,536	$	—	$	306,793

Real Estate-Residential Secured for Business Purpose
Risk Rating
1. Pass	$	114,828	$	80,784	$	81,481	$	117,108	$	94,503	$	29,906	$	33,062	$	—	$	551,672
2. Special Mention	—		—		—		507		—		—		50		—		557
3. Substandard	—		149		232		—		360		1,083		125		—		1,949

Total	$	114,828	$	80,933	$	81,713	$	117,615	$	94,863	$	30,989	$	33,237	$	—	$	554,178

Totals By Risk Rating
1. Pass	$	1,177,464	$	618,693	$	552,543	$	1,041,983	$	671,911	$	712,329	$	597,290	$	982	$	5,373,195
2. Special Mention	3,132		3,726		3,259		1,913		1,735		643		12,441		—		26,849
3. Substandard	914		5,445		10,909		28,058		6,118		18,800		39,653		—		109,897

Total	$	1,181,510	$	627,864	$	566,711	$	1,071,954	$	679,764	$	731,772	$	649,384	$	982	$	5,509,941

The Corporation had no loans with a risk rating of Doubtful included within recorded investment in loans and leases held for investment at March 31, 2026 or December 31, 2025.

The Corporation monitors the credit risk profile by payment activity for the following classifications of loans and leases: real estate-residential secured for personal purpose loans, real estate-home equity secured for personal purpose loans, loans to individuals and lease financings. The Corporation reviews credit quality indicators on at least an annual basis and last completed this review in conjunction with the period ended December 31, 2025. Loans and leases past due 90 days or more and loans and leases on nonaccrual status are considered nonperforming. Nonperforming loans and leases are reviewed monthly. Performing loans and leases are reviewed only if the loan becomes 60 days or more past due.

Based on the most recent analysis performed, the following table presents the recorded investment in loans and leases held for investment for real estate-residential secured for personal purpose loans, real estate-home equity secured for personal purpose loans, loans to individuals and lease financings by credit quality indicator at March 31, 2026 and December 31, 2025.

Table of Contents


	Term Loans Amortized Cost Basis by Origination Year
(Dollars in thousands)	2026		2025		2024		2023		2022		Prior		Revolving Loans Amortized Cost Basis		Total
At March 31, 2026
Real Estate-Residential Secured for Personal Purpose
Payment Performance
1. Performing	$	10,731	$	33,637	$	26,465	$	180,243	$	330,238	$	358,692	$	84	$	940,090
2. Nonperforming	—		—		—		—		1,747		217		—		1,964
Total	$	10,731	$	33,637	$	26,465	$	180,243	$	331,985	$	358,909	$	84	$	942,054


Real Estate-Home Equity Secured for Personal Purpose
Payment Performance
1. Performing	$	—	$	307	$	228	$	177	$	1,600	$	1,404	$	195,804	$	199,520
2. Nonperforming	—		—		—		76		—		—		1,648		1,724
Total	$	—	$	307	$	228	$	253	$	1,600	$	1,404	$	197,452	$	201,244


Loans to Individuals
Payment Performance
1. Performing	$	707	$	1,459	$	1,079	$	360	$	140	$	473	$	8,101	$	12,319
2. Nonperforming	—		—		—		—		—		—		—		—
Total	$	707	$	1,459	$	1,079	$	360	$	140	$	473	$	8,101	$	12,319
Current period gross charge-offs	$	20	$	37	$	19	$	17	$	—	$	—	$	107	$	200

Lease Financings
Payment Performance
1. Performing	$	23,622	$	73,348	$	58,233	$	48,501	$	21,131	$	7,200	$	—	$	232,035
2. Nonperforming	—		121		5		391		271		44		—		832
Total	$	23,622	$	73,469	$	58,238	$	48,892	$	21,402	$	7,244	$	—	$	232,867
Current period gross charge-offs	$	—	$	101	$	57	$	20	$	72	$	8	$	—	$	258

Totals by Payment Performance
1. Performing	$	35,060	$	108,751	$	86,005	$	229,281	$	353,109	$	367,769	$	203,989	$	1,383,964
2. Nonperforming	—		121		5		467		2,018		261		1,648		4,520
Total	$	35,060	$	108,872	$	86,010	$	229,748	$	355,127	$	368,030	$	205,637	$	1,388,484
Total current period gross charge-offs	$	20	$	138	$	76	$	37	$	72	$	8	$	107	$	458

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UNIVEST FINANCIAL Corp 10-Q