Company: UVSP
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000102212-25-000006
Chunk: 182

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-02-24
Form: 10-K
Item: Item 7
Chunk 182
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 1.5 Fabricated Metal Product Manufacturing76,611 1.4 Religious Organizations, Advocacy Groups74,011 1.4 Real Estate Lenders, Secondary Market Financing70,748 1.3 Personal and Laundry Services70,595 1.3 Amusement, Gambling, and Recreation Industries68,990 1.3 CRE - Mixed-Use - Commercial67,187 1.2 Miniwarehouse / Self-Storage65,018 1.2 Merchant Wholesalers, Nondurable Goods63,662 1.2 Private Equity & Special Purpose Entities (except 52592)56,186 1.0 Truck Transportation55,679 1.0 Food Manufacturing50,771 0.9 Industries with >$50 million in outstandings$4,532,454 84.3 %Industries with <$50 million in outstandings$846,410 15.7 %Total Commercial Loans$5,378,864 100.0 %Consumer Loans and Lease FinancingsTotal Outstanding BalanceReal Estate-Residential Secured for Personal Purpose$994,972 Real Estate-Home Equity Secured for Personal Purpose186,836 Loans to Individuals21,250 Lease Financings244,661 Total Consumer Loans and Lease Financings$1,447,719 Total$6,826,583 

42

Table 8—Summary of Loan and Lease Loss Experience

The following table presents average loans and leases and loan and lease loss experience for the periods indicated.

 For the Years Ended December 31,202420232022(Dollars in thousands)Average LoansNet Charge-offs (Recoveries)Net Charge-offs (Recoveries) to Average LoansAverage LoansNet Charge-offs (Recoveries)Net Charge-offs (Recoveries) to Average LoansAverage LoansNet Charge-offs (Recoveries)Net Charge-offs (Recoveries) to Average LoansCommercial, financial and agricultural$1,035,684 $2,329 0.22 %$1,056,025 $4,510 0.43 %$1,034,106 $323 0.03 %Real estate-commercial3,367,837 21 — 3,182,965 37 — 2,863,580 3,276 0.11 Real estate