Company: UVSP
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001628280-25-036392
Chunk: 79

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-07-29
Form: 10-Q
Item: Item 1
Chunk 79
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, two residential real estate properties with a total carrying value of $226 thousand were sold. Repossessed assets were $80 thousand and $76 thousand at June 30, 2025 and December 31, 2024, respectively. During the six months ended June 30, 2025, repossessed assets of $17 thousand were acquired and repossessed assets totaling $13 thousand were sold.

Table 3—Nonaccrual and Past Due Loans and Leases; Other Real Estate Owned; Repossessed Assets; and Related Ratios

The following table details information pertaining to the Corporation’s nonperforming assets at the dates indicated. 

(Dollars in thousands)At June 30, 2025At December 31, 2024Nonaccrual loans and leases held for investment 27,909 12,667 Accruing loans and leases, 90 days or more past due125 321 Total nonperforming loans and leases$28,034 $12,988 Other real estate owned22,471 20,141 Repossessed assets 80 76 Total nonperforming assets$50,585 $33,205 Loans and leases held for investment$6,801,185 $6,826,583 Allowance for credit losses, loans and leases86,989 87,091 Nonaccrual loans and leases with partial charge-offs2,724 273 Reserves on individually analyzed loans2,808 1,945 Allowance for credit losses, loans and leases / loans and leases held for investment1.28 %1.28 %Nonaccrual loans and leases / loans and leases held for investment0.41 %0.19 %Allowance for credit losses, loans and leases / nonaccrual loans and leases311.69 %687.54 %

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Table 4—Loan Portfolio Overview 

The following table provides summarized detail related to outstanding commercial loan balances segmented by industry description as of June 30, 2025:

(Dollars in thousands)At June 30, 2025Industry DescriptionTotal Outstanding Balance % of Commercial Loan PortfolioCRE - Retail$453,445 8.4 %Animal Production401,946 7.5 CRE - Multi-family360,345 6.7 CRE - 1-4 Family Residential Investment279,322 5.2 CRE - Office262,374