Company: UVSP
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000102212-25-000006
Chunk: 178

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-02-24
Form: 10-K
Item: Item 7
Chunk 178
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— — Total held-to- maturity and available-for-sale investment securities$7,225 2.58 %$12,491 2.66 %$81,469 3.62 %$435,577 2.80 %

At December 31, 2024, the Corporation had no reportable investments in any single issuer representing more than 10% of shareholders' equity. 

Loans and Leases

Gross loans and leases held for investment at December 31, 2024 increased $259.4 million, or 3.9%, from December 31, 2023. The growth in gross loans and leases held for investment was primarily due to increases in commercial, commercial real estate and residential mortgage loans, partially offset by a decrease in construction loans.

39

Table 5—Loan and Lease Maturities and Sensitivity to Changes in Interest Rates

The following table presents the maturity schedule of the loan and lease portfolio at December 31, 2024. Loans with variable rates or floating interest rates include adjustable rate instruments that may have longer than one month, and in some instances, multiple years of a fixed rate interest period.

(Dollars in thousands)TotalDue in One Year or LessDue after One Year to Five YearsDue After Five Years to Fifteen YearsDue After Fifteen YearsLoans and leases with fixed predetermined interest rates:Commercial, financial and agricultural$234,856 $13,005 $188,592 $25,983 $7,276 Real estate-commercial1,442,660 259,727 1,109,555 63,869 9,509 Real estate-construction65,509 15,666 43,867 166 5,810 Real estate-residential secured for business purpose213,735 43,798 162,813 7,124 — Real estate-residential secured for personal purpose60,336 1,471 9,167 13,935 35,763 Real estate-home equity secured for personal purpose7,325 713 526 6,086 — Loans to individuals9,723 5,521 3,662 303 237 Lease financings244,661 6,809 223,070 14,782 — Loans and leases with fixed predetermined interest rates$2,278,805 $346,710 $1,741,252 $