Company: UVSP
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001628280-25-036392
Chunk: 110

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-07-29
Form: 10-Q
Item: Item 8
Chunk 110
---
 $17,050 $6,796,866 $6,813,916 $12,667 $6,826,583 

15

During the three months ended June 30, 2025, a $23.7 million commercial loan relationship was placed on nonaccrual status due to, among other things, suspected fraud. Subsequent to the relationship being placed on nonaccrual status, a $7.3 million charge-off was recognized during the quarter. The remaining $16.4 million carrying value is supported by the appraised value of real estate collateral.Nonperforming Loans and LeasesThe following presents, by class of loans and leases, nonperforming loans and leases at June 30, 2025 and December 31, 2024. At June 30, 2025At December 31, 2024(Dollars in thousands)NonaccrualLoans andLeasesLoans andLeases90 Daysor morePast DueandAccruingInterestTotal NonperformingLoans andLeasesNonaccrualLoans andLeasesLoans andLeases90 Daysor morePast DueandAccruingInterestTotal NonperformingLoans andLeasesCommercial, financial and agricultural$6,904 $— $6,904 $3,795 $— $3,795 Real estate—commercial real estate and construction:Commercial real estate15,661 — 15,661 2,679 — 2,679 Real estate—residential and home equity:Residential secured for business purpose2,349 — 2,349 586 — 586 Residential secured for personal purpose1,184 — 1,184 3,805 — 3,805 Home equity secured for personal purpose1,254 — 1,254 1,191 — 1,191 Loans to individuals— 16 16 — 24 24 Lease financings557 109 666 611 297 908 Total$27,909 $125 $28,034 $12,667 $321 $12,988 The following table presents the amortized cost basis of loans and leases held for investment on nonaccrual status and loans and leases held for investment 90 days or more past due and still accruing as of June