Company: UVSP
Filing Date: 2025-10-24
Form Type: 10-Q
Source: 0000102212-25-000028
Chunk: 109

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-10-24
Form: 10-Q
Item: Item 8
Chunk 109
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 the second quarter of 2025, $719 thousand of allowance credit for losses was reversed on six investment grade corporate bonds. These six investment grade corporate bonds were issued by Global Systemically Important Banks and Domestic Systemically Important Banks, which hold a significant amount of excess capital to address a systemic event. As such, these banks were excluded from the allowance for credit loss on investments as the credit risk within this portfolio is deemed to be zero.The following is a summary of unrealized and realized gains and losses on equity securities recognized in other noninterest income in the condensed consolidated statements of income during the nine months ended September 30, 2025 and 2024. Nine Months Ended September 30,(Dollars in thousands)20252024Equity Securities:Net gains recognized during the period— 68 Less: Net gains recognized during the period on equity securities sold during the period— 68 Unrealized gains (losses) recognized during the reporting period on equity securities still held at the reporting date— — 

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Note 4. Loans and Leases

Summary of Major Loan and Lease Categories(Dollars in thousands)At September 30, 2025At December 31, 2024Commercial, financial and agricultural$996,612 $1,037,835 Real estate-commercial3,517,803 3,530,451 Real estate-construction309,365 274,483 Real estate-residential secured for business purpose545,191 536,095 Real estate-residential secured for personal purpose974,395 994,972 Real estate-home equity secured for personal purpose197,503 186,836 Loans to individuals13,447 21,250 Lease financings231,166 244,661 Total loans and leases held for investment, net of deferred income$6,785,482 $6,826,583 Less: Allowance for credit losses, loans and leases(86,527)(87,091)Net loans and leases held for investment$6,698,955 $6,739,492 Imputed interest on lease financings, included in the above table$(30,323)$(31,927)Net deferred costs, included in the above table6,540 6,992 Overdraft deposits included in the above table125 104 Age Analysis of Past Due Loans and LeasesThe following presents, by class of loans and leases held for investment, an aging