Company: UVSP
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000102212-25-000006
Chunk: 44

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 44
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336 3,132 5,821 10,074 15,681 26,159 83,441 3. Substandard3,724 6,663 13,906 620 442 2,220 22,399 49,974 Total$833,275 $1,361,247 $918,895 $700,846 $397,235 $369,518 $622,316 $5,203,985 The Corporation had no loans with a risk rating of Doubtful included within recorded investment in loans and leases held for investment at December 31, 2024 or 2023.The Corporation monitors the credit risk profile by payment activity for the following classifications of loans and leases: real estate-residential secured for personal purpose loans, real estate-home equity secured for personal purpose loans, loans to individuals and lease financings. The Corporation reviews credit quality indicators on at least an annual basis and last completed this review in conjunction with the period ended December 31, 2024. Loans and leases past due 90 days or more and loans and leases on nonaccrual status are considered nonperforming. Nonperforming loans and leases are reviewed monthly. Performing loans and leases are reviewed only if the loan becomes 60 days or more past due. Based on the most recent analysis performed, the following table presents the recorded investment in loans and leases held for investment for real estate-residential secured for personal purpose loans, real estate-home equity secured for personal purpose loans, loans to individuals and lease financings by credit quality indicator at December 31, 2024 and 2023.

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Term Loans Amortized Cost Basis by Origination Year(Dollars in thousands)20242023202220212020PriorRevolving Loans Amortized Cost BasisTotalAt December 31, 2024Real estate-residential secured for personal purposePayment Performance1. Performing$25,908 $203,136 $356,506 $195,727 $121,743 $88,147 $— $991,167 2. Nonperforming— — 142 37 2,836 790 — 3,805 Total$25,908 $203,136 $356,648 $195,764 $124,579 $88,937 $— $994,972 Real estate-home equity secured for personal purposePayment Performance1. Performing