Company: UVSP
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001628280-25-036392
Chunk: 17

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-07-29
Form: 10-Q
Item: Item 1
Chunk 17
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 19 investment grade corporate bonds, all of which fluctuate in value based on changes in market conditions. For these securities, fluctuations were primarily due to changes in the interest rate environment. The Corporation does not intend to sell these securities, and it is not likely that it will be required to sell the securities before their anticipated recovery. The underlying issuers continue to make timely principal and interest payments on the securities.During 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 Corporation recognized a $42 thousand net loss on equity securities during the six months ended June 30, 2024 in other noninterest income. There were no sales of equity securities during the six months ended June 30, 2025 or 2024.

Note 4. Loans and Leases

Summary of Major Loan and Lease Categories(Dollars in thousands)At June 30, 2025At December 31, 2024Commercial, financial and agricultural$1,052,246 $1,037,835 Real estate-commercial3,485,615 3,530,451 Real estate-construction302,424 274,483 Real estate-residential secured for business purpose535,210 536,095 Real estate-residential secured for personal purpose984,166 994,972 Real estate-home equity secured for personal purpose195,014 186,836 Loans to individuals14,069 21,250 Lease financings232,441 244,661 Total loans and leases held for investment, net of deferred income$6,801,185 $6,826,583 Less: Allowance for credit losses, loans and leases(86,989)(87,091)Net loans and leases held for investment$6,714,196 $6,739,492 Imputed interest on lease financings, included in the above table$(29,947)$(31,927)Net deferred costs, included in the above table6,646 6,992 Overdraft deposits included in the above table170 104 

14

Age Analysis of Past Due Loans and