Company: UVSP
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000102212-25-000019
Chunk: 105

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-04-29
Form: 10-Q
Item: Item 8
Chunk 105
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 Total$111,827 $287,253 $406,847 $219,586 $130,938 $92,481 $198,787 $1,447,719 The Corporation had no revolving loans which were converted to term loans included within recorded investment in loans and leases held for investment at March 31, 2025 or December 31, 2024. 

19

Allowance for Credit Losses on Loans and Leases and Recorded Investment in Loans and LeasesThe following presents, by portfolio segment, a summary of the activity in the allowance for credit losses, loans and leases, for the three months ended March 31, 2025 and 2024. There were no changes to the reasonable and supportable forecast period, the reversion period, or any significant methodology changes during the three months 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