Company: UVSP
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000102212-25-000006
Chunk: 35

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 35
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 for credit losses of $839 thousand. These holdings were comprised of 32 investment grade corporate bonds and one municipal bond, all of which fluctuate in value based on changes in market conditions. For these securities, fluctuations were primarily due to changes in the interest rate environment. The Corporation does not intend to sell these securities, and it is not likely that it will be required to sell the securities before their anticipated recovery. The underlying issuers continue to make timely principal and interest payments on the securities.The following is a summary of unrealized and realized gains and losses of equity securities recognized in other noninterest income in the consolidated statements of income during the years ended December 31, 2024 and 2023.For the Years Ended December 31,(Dollars in thousands)20242023Equity Securities:Net gains (losses) recognized during the period$68 $(17)Less: Net gains recognized during the period on equity securities sold during the period68 — Unrealized losses recognized during the reporting period on equity securities still held at the reporting date$— $(17)

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Note 5.     Loans and Leases

Summary of Major Loan and Lease CategoriesAt December 31,(Dollars in thousands)20242023Commercial, financial and agricultural$1,037,835 $989,723 Real estate-commercial3,530,451 3,302,798 Real estate-construction274,483 394,462 Real estate-residential secured for business purpose536,095 517,002 Real estate-residential secured for personal purpose994,972 909,015 Real estate-home equity secured for personal purpose186,836 179,282 Loans to individuals21,250 27,749 Lease financings244,661 247,183 Total loans and leases held for investment, net of deferred income6,826,583 6,567,214 Less: Allowance for credit losses, loans and leases(87,091)(85,387)Net loans and leases held for investment$6,739,492 $6,481,827 Imputed interest on lease financings, included in the above table$(31,927)$(30,485)Net deferred costs, included in the above table6,992 7,949 Overdraft deposits included in the above table104 280 Age Analysis of Past Due Loans and LeasesThe following presents, by class of loans and leases held for investment, an aging