Company: UVSP
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000102212-25-000019
Chunk: 97

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-04-29
Form: 10-Q
Item: Item 8
Chunk 97
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 3,805 — Real estate-home equity secured for personal purpose1,191 — 1,191 — Loans to individuals— — — 24 Lease financings— 611 611 297 Total$7,603 $5,064 $12,667 $321 For the three months ended March 31, 2025, $1 thousand of interest income was recognized on nonaccrual loans and leases.

14

The following table presents, by class of loans and leases, the amortized cost basis of collateral-dependent nonaccrual loans and leases and type of collateral as of March 31, 2025 and December 31, 2024.(Dollars in thousands)Real EstateOther (1)None (2)TotalAt March 31, 2025Commercial, financial and agricultural$1,639 $2,174 $431 $4,244 Real estate-commercial3,526 — — 3,526 Real estate-residential secured for business purpose449 — — 449 Real estate-residential secured for personal purpose1,232 — — 1,232 Real estate-home equity secured for personal purpose1,088 — — 1,088 Lease financings— 556 31 587 Total$7,934 $2,730 $462 $11,126 (Dollars in thousands)Real EstateOther (1)None (2)TotalAt December 31, 2024Commercial, financial and agricultural$1,521 $1,843 $431 $3,795 Real estate-commercial2,661 — 18 2,679 Real estate-residential secured for business purpose586 — — 586 Real estate-residential secured for personal purpose3,805 — — 3,805 Real estate-home equity secured for personal purpose1,191 — — 1,191 Lease financings— 611 — 611 Total$9,764 $2,454 $449 $12,667 (1) Collateral consists of business assets, including accounts receivable, personal property and equipment.(2) Loans fully guaranteed or fully reserved given lack of collateral.Credit Quality IndicatorsThe Corporation categorizes risk based on relevant information about the ability of the borrower to service their debt. Loans with