Company: UVSP
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000102212-25-000006
Chunk: 166

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-02-24
Form: 10-K
Item: Item 7
Chunk 166
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—Tax-Equivalent Basis For the Years Ended December 31, 202420232022(Dollars in thousands)AverageBalanceIncome/ExpenseAverageRateAverageBalanceIncome/ExpenseAverageRateAverageBalanceIncome/ExpenseAverageRateAssets:Interest-earning deposits with other banks$220,356 $11,193 5.08 %$130,309 $6,660 5.11 %$325,875 $1,920 0.59 %U.S. government obligations— — — — — — 1,929 40 2.07 Obligations of states and political subdivisions*1,447 33 2.28 2,282 62 2.72 2,302 71 3.08 Other debt and equity securities495,604 14,909 3.01 505,343 14,225 2.81 510,961 11,392 2.23 Federal Home Loan Bank, Federal Reserve Bank and other stock38,647 2,912 7.53 40,092 2,869 7.16 27,784 1,627 5.86 Total interest-earning deposits, investments and other interest-earning assets756,054 29,047 3.84 678,026 23,816 3.51 868,851 15,050 1.73 Commercial, financial and agricultural loans972,213 69,921 7.19 991,505 67,487 6.81 963,755 43,861 4.55 Real estate—commercial and construction loans3,587,147 207,053 5.77 3,483,576 188,644 5.42 3,060,689 127,906 4.18 Real estate—residential loans1,670,126 82,344 4.93 1,505,799 70,349 4.67 1,219,275 47,472 3.89 Loans to individuals26,646 2,161 8.11 27,063 2,011 7.43 26,642 1,325 4.97 Tax-exempt loans and leases232,020 10,157 4.38 232,501 9,597 4.