Company: UVSP
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000102212-25-000019
Chunk: 18

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-04-29
Form: 10-Q
Item: Item 1
Chunk 18
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, 2025Commercial, financial and agricultural$1,639 $2,174 $431 $4,244 Real estate-commercial3,526 — — 3,526 Real estate-residential secured for business purpose449 — — 449 Real estate-residential secured for personal purpose1,232 — — 1,232 Real estate-home equity secured for personal purpose1,088 — — 1,088 Lease financings— 556 31 587 Total$7,934 $2,730 $462 $11,126 (Dollars in thousands)Real EstateOther (1)None (2)TotalAt December 31, 2024Commercial, financial and agricultural$1,521 $1,843 $431 $3,795 Real estate-commercial2,661 — 18 2,679 Real estate-residential secured for business purpose586 — — 586 Real estate-residential secured for personal purpose3,805 — — 3,805 Real estate-home equity secured for personal purpose1,191 — — 1,191 Lease financings— 611 — 611 Total$9,764 $2,454 $449 $12,667 (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 IndicatorsThe 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, 2024. 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.