Company: UVSP
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001628280-25-036392
Chunk: 130

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-07-29
Form: 10-Q
Item: Item 8
Chunk 130
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 149,261 6.08 The Corporation, through the Bank, has a credit facility with the Federal Home Loan Bank (the FHLB) that had a maximum borrowing capacity of approximately $3.2 billion and $3.3 billion at June 30, 2025 and December 31, 2024, respectively. All borrowings and letters of credit from the FHLB are secured by qualifying commercial real estate and residential mortgage loans, investments and other assets. The Bank had outstanding short-term letters of credit with the FHLB totaling $1.1 billion and $1.3 billion at June 30, 2025 and December 31, 2024, respectively, which were utilized to collateralize public funds deposits and other secured deposits. The maximum borrowing capacity with the FHLB changes as a function of the Bank’s qualifying collateral assets as well as the FHLB’s internal credit rating of the Bank. The available borrowing capacity from the FHLB totaled $1.9 billion and $1.7 billion at June 30, 2025 and December 31, 2024, respectively.    The Corporation, through the Bank, holds investment securities at the Federal Reserve Bank of Philadelphia (the FRB) to provide access to the Discount Window Lending program. The Bank participates in the FRB Borrower in Custody program, which provides additional committed borrowing capacity for the Bank through the Discount Lending Window program based 

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upon select loans pledged to the FRB. The total borrowing capacity based upon the qualifying pledged commercial loans and held investment securities was $414.5 million and $397.2 million at June 30, 2025 and December 31, 2024, respectively. At June 30, 2025 and December 31, 2024, the Corporation had no outstanding borrowings under the Discount Window Lending program.The Corporation has a $10.0 million committed line of credit with a correspondent bank. At June 30, 2025 and December 31, 2024, the Corporation had no outstanding borrowings under this line. The Corporation and the Bank had $3.6 billion and $3.7 billion of committed borrowing capacity at June 30, 2025 and December 31, 2024, respectively, of which $2.3 billion and $2.1 billion was available as of June 30, 2025 and December 31, 2024