Company: UVSP
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000102212-25-000019
Chunk: 66

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-04-29
Form: 10-Q
Item: Item 1
Chunk 66
---
 31, 2025, compared to $20.1 million at December 31, 2024. During the three months ended March 31, 2025, one nonaccrual residential real estate loan with a carrying value of $2.5 million was transferred to OREO. Additionally, during the three months ended March 31, 2025, two residential real estate properties with a total carrying value of $226 thousand were sold. Repossessed assets were $79 thousand and $76 thousand at March 31, 2025 and December 31, 2024, respectively. During the three months ended March 31, 2025, repossessed assets of $17 thousand were acquired and repossessed assets totaling $13 thousand were sold.

Table 3—Nonaccrual and Past Due Loans and Leases; Other Real Estate Owned; Repossessed Assets; and Related Ratios

The following table details information pertaining to the Corporation’s nonperforming assets at the dates indicated. 

(Dollars in thousands)At March 31, 2025At December 31, 2024Nonaccrual loans and leases held for investment 11,126 12,667 Accruing loans and leases, 90 days or more past due322 321 Total nonperforming loans and leases$11,448 $12,988 Other real estate owned22,433 20,141 Repossessed assets 79 76 Total nonperforming assets$33,960 $33,205 Loans and leases held for investment$6,833,037 $6,826,583 Allowance for credit losses, loans and leases87,790 87,091 Nonaccrual loans and leases with partial charge-offs269 273 Life-to-date partial charge-offs on nonaccrual loans and leases669 649 Reserves on individually analyzed loans2,576 1,945 Allowance for credit losses, loans and leases / loans and leases held for investment1.28 %1.28 %Nonaccrual loans and leases / loans and leases held for investment0.16 %0.19 %Allowance for credit losses, loans and leases / nonaccrual loans and leases789.05 %687.54 %

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Table 4—Loan Portfolio Overview 

The following table provides summarized detail related to outstanding commercial loan balances segmented by industry description as