Company: UVSP
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000102212-25-000006
Chunk: 47

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 47
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 131 2,768 36 1,317 1,116 5,636 Total$252,950 $402,171 $248,848 $149,315 $28,728 $84,144 $197,073 $1,363,229 The Corporation had no revolving loans which were converted to term loans included within recorded investment in loans and leases held for investment at December 31, 2024 or 2023.

81

Allowance for Credit Losses on Loan 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 years ended December 31, 2024, 2023 and 2022. There were no changes to the reasonable and supportable forecast period, the reversion period, or any significant methodology changes during the year ended December 31, 2024. (Dollars in thousands)Beginning balanceProvision (reversal of provision) for credit lossesCharge-offsRecoveriesEnding balanceFor the Year Ended December 31, 2024Allowance for credit losses, loans and leases:Commercial, financial and agricultural$13,699 $4,709 $(2,926)$597 $16,079 Real estate-commercial45,849 1,039 (35)14 46,867 Real estate-construction6,543 (1,119)(500)— 4,924 Real estate-residential secured for business purpose8,692 (1,436)— 235 7,491 Real estate-residential secured for personal purpose6,349 739 — 134 7,222 Real estate-home equity secured for personal purpose1,289 371 — 46 1,706 Loans to individuals392 778 (921)93 342 Lease financings2,574 425 (651)112 2,460 Total$85,387 $5,506 $(5,033)$1,231 $87,091 For the Year Ended December 31, 2023Allowance for credit losses, loans and leases:Commercial, financial and agricultural$16,920 $1,289 $(4,877)$367 $13,699 Real estate-commercial41,673 4,213 (50)13 45,849 Real