Company: UVSP
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000102212-25-000006
Chunk: 48

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 48
---
 estate-construction4,952 1,797 (207)1 6,543 Real estate-residential secured for business purpose7,054 1,503 (50)185 8,692 Real estate-residential secured for personal purpose3,685 2,664 — — 6,349 Real estate-home equity secured for personal purpose1,287 4 (85)83 1,289 Loans to individuals351 467 (507)81 392 Lease financings3,082 (157)(410)59 2,574 Total$79,004 $11,780 $(6,186)$789 $85,387 For the Year Ended December 31, 2022Allowance for credit losses, loans and leases:Commercial, financial and agricultural$13,538 $3,705 $(887)$564 $16,920 Real estate-commercial41,095 3,854 (3,282)6 41,673 Real estate-construction4,575 377 — — 4,952 Real estate-residential secured for business purpose6,482 517 — 55 7,054 Real estate-residential secured for personal purpose2,403 1,282 — — 3,685 Real estate-home equity secured for personal purpose1,028 221 — 38 1,287 Loans to individuals363 167 (255)76 351 Lease financings2,290 1,002 (245)35 3,082 Unallocated150 (150)N/AN/A— Total$71,924 $10,975 $(4,669)$774 $79,004 N/A – Not applicable

82

The following presents, by portfolio segment, the balance in the allowance for credit losses on loans and leases disaggregated on the basis of whether the loan or lease was measured for credit loss as a pooled loan or lease or if it was individually analyzed for a reserve at December 31, 2024 and 2023:Allowance for credit losses, loans and leasesLoans and leases held for investment(Dollars in thousands)Ending balance: individually analyzedEnding balance: pooledTotal ending balanceEnding balance: individually analyzedEnding balance: pooledTotal ending balanceAt December 31, 2024Commercial, financial and agricultural$1,922 $