Company: UVSP
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000102212-25-000006
Chunk: 181

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-02-24
Form: 10-K
Item: Item 7
Chunk 181
---
,205 $40,093 $33,486 Loans and leases held for investment$6,826,583 $6,567,214 $6,123,230 Allowance for credit losses, loans and leases87,091 85,387 79,004 Nonaccrual loans and leases with partial charge-offs273 814 928 Life-to-date partial charge-offs on nonaccrual loans and leases649 885 448 Reserves on individually analyzed loans1,945 1,787 2,765 Allowance for credit losses, loans and leases / loans and leases held for investment1.28 %1.30 %1.29 %Nonaccrual loans and leases / loans and leases held for investment0.19 %0.31 %0.22 %Allowance for credit losses, loans and leases / nonaccrual loans and leases687.54 %415.97 %591.66 %

41

Table 7—Loan Portfolio Overview

The following table provides summarized detail related to outstanding commercial loan balances segmented by industry description as of December 31, 2024:

(Dollars in thousands)December 31, 2024Industry DescriptionTotal Outstanding Balance% of Commercial Loan PortfolioCRE - Retail$463,882 8.6 %Animal Production393,902 7.3 CRE - Multi-family344,169 6.4 CRE - Office294,331 5.5 CRE - 1-4 Family Residential Investment287,690 5.3 CRE - Industrial / Warehouse255,232 4.7 Hotels & Motels (Accommodation)198,815 3.7 Specialty Trade Contractors191,896 3.6 Nursing and Residential Care Facilities176,130 3.3 Education170,487 3.2 Motor Vehicle and Parts Dealers147,580 2.7 Merchant Wholesalers, Durable Goods138,633 2.6 Repair and Maintenance132,950 2.5 Homebuilding (tract developers, remodelers)129,031 2.4 Crop Production111,628 2.1 CRE - Mixed-Use - Residential111,590 2.1 Wood Product Manufacturing98,629 1.8 Food Services and Drinking Places87,765 1.6 Administrative and Support Services78,656