Company: UVSP
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001628280-25-036392
Chunk: 167

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-07-29
Form: 10-Q
Item: Item 8
Chunk 167
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 were 19.8% and 20.3% for the six months ended June 30, 2025 and 2024, respectively.

53

Financial Condition

Assets

The following table presents assets at the dates indicated:

 At June 30, 2025At December 31, 2024Change(Dollars in thousands)AmountPercentCash, interest-earning deposits and federal funds sold$160,365 $328,844 $(168,479)(51.2)%Investment securities496,677 493,978 2,699 0.5 Federal Home Loan Bank, Federal Reserve Bank and other stock, at cost36,482 38,980 (2,498)(6.4)Loans held for sale17,774 16,653 1,121 6.7 Loans and leases held for investment6,801,185 6,826,583 (25,398)(0.4)Allowance for credit losses, loans and leases(86,989)(87,091)102 (0.1)Premises and equipment, net47,140 46,671 469 1.0 Operating lease right-of-use assets27,278 28,531 (1,253)(4.4)Goodwill and other intangibles, net183,477 183,819 (342)(0.2)Bank owned life insurance140,086 139,351 735 0.5 Accrued interest receivable and other assets115,581 112,098 3,483 3.1         Total assets$7,939,056 $8,128,417 $(189,361)(2.3)%

Cash and Interest-Earning Deposits

Cash and interest-earning deposits decreased $168.5 million, or 51.2%, from December 31, 2024, primarily due to a decrease in interest-earning deposits at the Federal Reserve Bank of $174.1 million due to decreases in deposits and long-term debt.

Investment Securities

Total investment securities at June 30, 2025 increased $2.7 million, or 0.5%, from December 31, 2024. Purchases of $25.9 million, which were primarily residential mortgage-backed securities, increases in the fair value of available-for-sale investment securities of $10.2 million and a reversal of provision for credit losses of