Company: UVSP
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000102212-25-000019
Chunk: 172

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-04-29
Form: 10-Q
Item: Item 2
Chunk 172
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 2.5 Crop Production110,882 2.1 CRE - Mixed-Use - Residential109,872 2.0 Wood Product Manufacturing101,606 1.9 Professional, Scientific, and Technical Services95,730 1.8 Food Services and Drinking Places86,916 1.6 Administrative and Support Services83,145 1.5 Merchant Wholesalers, Nondurable Goods83,088 1.5 Fabricated Metal Product Manufacturing78,181 1.4 Real Estate Lenders, Secondary Market Financing75,461 1.4 Religious Organizations, Advocacy Groups65,857 1.2 CRE - Mixed-Use - Commercial64,683 1.2 Miniwarehouse / Self-Storage64,553 1.2 Personal and Laundry Services64,508 1.2 Education62,362 1.2 Amusement, Gambling, and Recreation Industries61,437 1.1 Food Manufacturing56,400 1.0 Industries with >$50 million in outstandings$4,462,306 82.7 %Industries with <$50 million in outstandings$936,324 17.3 %Total Commercial Loans$5,398,630 100.0 %Consumer Loans and Lease FinancingsTotal Outstanding BalanceReal Estate-Residential Secured for Personal Purpose$992,767 Real Estate-Home Equity Secured for Personal Purpose189,119 Loans to Individuals16,930 Lease Financings235,591 Total Consumer Loans and Lease Financings$1,434,407 Total$6,833,037 

Goodwill and Other Intangible Assets

Goodwill and other intangible assets have been recorded on the books of the Corporation in connection with acquisitions. The Corporation has core deposit and customer-related intangibles, which are not deemed to have an indefinite life and therefore will continue to be amortized over their useful life using the present value of projected cash flows. The amortization of core deposit and customer-related intangibles was $130 thousand and $175 thousand for the three months ended March 31, 2025 and 2024, respectively. See Note 5 to the Condensed Unaudited Consolidated Financial Statements, "Goodwill and Other Intangible Assets," for a summary of intangible assets at March 31, 2025 and December