Company: UVSP
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001628280-25-036392
Chunk: 159

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-07-29
Form: 10-Q
Item: Item 8
Chunk 159
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 purchase accounting adjustments. 

Net interest income includes net deferred costs amortization of $689 thousand and $698 thousand for the three months ended June 30, 2025 and 2024, respectively.

Nonaccrual loans and leases have been included in the average loan and lease balances. Loans held for sale have been included in the average loan balances. Tax-equivalent amounts for the three months ended June 30, 2025 and 2024 have been calculated using the Corporation's federal applicable rate of 21%.

49

 Six Months Ended June 30, 20252024(Dollars in thousands)AverageBalanceIncome/ExpenseAverageRateAverageBalanceIncome/ExpenseAverageRateAssets:Interest-earning deposits with other banks$125,725 $2,731 4.38 %$102,696 $2,717 5.32 %Obligations of states and political subdivisions*437 4 1.85 1,610 19 2.37 Other debt and equity securities498,201 7,981 3.23 495,451 7,388 3.00 Federal Home Loan Bank, Federal Reserve Bank and other stock37,134 1,358 7.37 38,201 1,424 7.50 Total interest-earning deposits, investments and other interest-earning assets661,497 12,074 3.68 637,958 11,548 3.64 Commercial, financial and agricultural loans998,363 34,706 7.01 959,132 33,970 7.12 Real estate—commercial and construction loans3,698,214 106,841 5.83 3,562,174 101,218 5.71 Real estate—residential loans1,728,259 43,314 5.05 1,639,339 39,968 4.90 Loans to individuals17,495 730 8.41 27,068 1,090 8.10 Tax-exempt loans and leases229,491 5,827 5.12 231,437 4,940 4.29 Lease financings179,872 6,432 7.21 189,800 6,274 6.65 Gross loans and leases6,851,694 197,850 5.82 6,