Company: UVSP
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000102212-25-000019
Chunk: 26

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-04-29
Form: 10-Q
Item: Item 1
Chunk 26
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 ended March 31, 2025.(Dollars in thousands)Beginning balanceProvision (reversal of provision) for credit lossesCharge-offsRecoveriesEnding balanceThree Months Ended March 31, 2025Allowance for credit losses, loans and leases:Commercial, financial and agricultural$16,079 $2,679 $(1,557)$326 $17,527 Real estate-commercial46,867 315 (20)4 47,166 Real estate-construction4,924 (174)— — 4,750 Real estate-residential secured for business purpose7,491 16 — — 7,507 Real estate-residential secured for personal purpose7,222 (828)— — 6,394 Real estate-home equity secured for personal purpose1,706 (140)— — 1,566 Loans to individuals342 144 (165)7 328 Lease financings2,460 373 (289)8 2,552 Total$87,091 $2,385 $(2,031)$345 $87,790 Three Months Ended March 31, 2024Allowance for credit losses, loans and leases:Commercial, financial and agricultural$13,699 $815 $(593)$11 $13,932 Real estate-commercial45,849 1 — 3 45,853 Real estate-construction6,543 211 (500)— 6,254 Real estate-residential secured for business purpose8,692 106 — 2 8,800 Real estate-residential secured for personal purpose6,349 154 — 134 6,637 Real estate-home equity secured for personal purpose1,289 (105)— — 1,184 Loans to individuals392 235 (279)40 388 Lease financings2,574 234 (230)6 2,584 Total$85,387 $1,651 $(1,602)$196 $85,632 

20

The following presents, by portfolio segment, the balance in the allowance for credit losses on loans and leases disaggregated on the basis of whether the loan or lease was measured for credit loss as a pooled loan or lease or if it was individually analyzed for a reserve at March 31, 2025 and 2024:Allowance