Company: UVSP
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000102212-25-000019
Chunk: 34

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-04-29
Form: 10-Q
Item: Item 1
Chunk 34
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 billion at March 31, 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 March 31, 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, 

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which provides additional committed borrowing capacity for the Bank through the Discount Lending Window program based upon select loans pledged to the FRB. The total borrowing capacity based upon the qualifying pledged commercial loans and held investment securities was $444.6 million and $397.2 million at March 31, 2025 and December 31, 2024, respectively. At March 31, 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 March 31, 2025 and December 31, 2024, the Corporation had no outstanding borrowings under this line. The Corporation and the Bank had $3.7 billion of committed borrowing capacity at March 31, 2025 and December 31, 2024, of which $2.3 billion and $2.1 billion was available as of March 31, 2025 and December 31, 2024, respectively. The Corporation, through the Bank, also maintained uncommitted funding sources from correspondent banks of $468.0 million at March 31, 2025 and December 31, 2024. Future availability under these lines is subject to the prerogatives of the granting banks and may be withdrawn at will.Long-term advances with the FHLB of Pittsburgh mature as follows:(Dollars in thousands)As of March 31, 2025Weighted Average RateRemainder of 2025$25,000 4.20 %2026100,000 4.29 202725,000 3.