UNIVEST FINANCIAL CORPORATION UVSP Balance Sheet

Univest financial corporation (UVSP)

Balance Sheet / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Dec'10
ASSETS
Cash and due from banks
49	50	68	55	46	61	52	54	34	46	47	48	44	48	43	36	31	32	32	32	27	31	29	48	44	32	46	45	41	98	38	46	36	39	50	32	11
Interest-earning deposits with other banks
133	74	157	29	19	47	31	18	13	28	31	12	13	9	13	8	7	28	76	2	41	6	38	8	27	36	32	41	43	47	24	59	66	67	96	6	17
Cash and cash equivalents
182	125	225	84	66	109	-	-	-	75	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Federal funds sold
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	48	-	-	-	-	8	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment securities held-to-maturity (fair value $229,552 and $194,886 at March 31, 2020 and December 31, 2019, respectively)
222	192	183	172	148	142	108	96	84	55	45	43	33	24	23	32	36	40	41	43	50	54	56	56	65	66	69	69	69	69	70	45	45	45	30	0	0
Investment securities available-for-sale (amortized cost $208,636, net of allowance for credit losses of $897 at March 31, 2020)
198	246	262	293	315	328	336	347	376	391	398	425	431	443	460	254	292	329	333	331	330	314	304	301	315	336	393	416	439	429	445	393	405	425	381	418	466
Investments in equity securities
2	2	2	2	2	2	2	2	1	7	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Federal Home Loan Bank, Federal Reserve Bank and other stock, at cost
28	28	29	32	32	28	33	32	32	27	27	31	25	24	17	-	-	8	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loans held for sale
11	5	2	1	0	1	0	1	0	1	2	2	1	5	3	4	3	4	9	8	5	3	2	9	1	2	3	3	3	4	6	1	2	3	1	2	4
Loans and leases held for investment
4,448	4,386	4,251	4,167	4,067	4,006	3,866	3,818	3,689	3,620	3,487	3,510	3,341	3,285	3,190	2,345	2,183	2,179	2,097	2,107	2,043	1,626	1,597	1,586	1,560	1,541	1,526	1,499	1,487	1,481	1,469	1,465	1,459	1,446	1,436	1,438	1,471
Less: Reserve for credit losses, loans and leases
68	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Less: Reserve for loan and lease losses
68	35	33	32	31	29	27	25	23	21	20	20	19	17	16	17	16	17	18	19	20	20	21	24	24	24	24	24	25	24	27	30	30	29	31	32	30
Net loans and leases held for investment
4,380	4,351	4,218	4,135	4,036	3,977	3,838	3,792	3,666	3,598	3,466	3,489	3,322	3,268	3,173	2,327	2,166	2,161	2,079	2,088	2,022	1,605	1,575	1,562	1,535	1,516	1,501	1,475	1,462	1,457	1,442	1,434	1,429	1,416	1,405	1,406	1,440
Premises and equipment, net
55	56	57	58	59	59	60	60	61	61	64	65	64	63	62	44	43	42	41	40	40	37	35	34	34	34	33	32	32	33	33	34	34	34	34	34	34
Operating lease right-of-use assets
34	34	34	35	36	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Goodwill
172	172	172	172	172	172	172	172	172	172	172	172	172	172	172	112	112	112	112	112	112	67	67	64	64	57	57	57	56	56	56	56	53	53	51	51	51
Other intangibles, net of accumulated amortization
9	10	10	10	11	11	12	12	13	13	14	15	15	16	17	11	12	12	13	13	13	12	12	11	11	8	8	8	6	6	5	6	5	4	4	5	5
Bank owned life insurance
115	114	114	113	112	111	110	109	109	108	100	99	100	99	99	72	72	71	71	62	62	62	61	61	61	60	60	62	61	61	61	60	60	61	60	48	48
Funds advanced for merger settlement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	98	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued interest receivable and other assets
49	40	40	40	40	38	42	46	46	41	46	47	48	52	54	54	46	33	42	44	42	39	37	37	38	40	46	43	46	40	48	50	53	54	56	53	53
Total assets
5,464	5,380	5,353	5,154	5,035	4,984	4,801	4,749	4,613	4,554	4,417	4,453	4,273	4,230	4,140	3,107	2,824	2,879	2,851	2,780	2,757	2,235	2,222	2,197	2,201	2,191	2,252	2,255	2,263	2,304	2,232	2,188	2,192	2,206	2,174	2,058	2,133
LIABILITIES
Noninterest-bearing deposits
1,318	1,279	1,198	1,166	1,103	1,055	1,047	1,055	1,002	1,040	987	963	947	918	874	689	559	541	519	519	509	449	436	432	426	411	394	398	380	368	334	334	307	304	275	277	271
Interest-bearing deposits
Demand deposits
1,615	1,677	1,644	1,424	1,441	1,377	1,350	1,163	1,159	1,109	1,105	990	1,034	909	866	674	748	790	773	705	712	640	633	590	597	625	658	632	587	638	581	543	522	547	534	480	529
Savings deposits
836	796	776	822	819	782	750	807	815	830	854	846	830	803	786	652	643	607	588	582	580	519	529	540	548	536	545	542	540	526	519	508	506	489	482	486	467
Time deposits
637	606	718	709	638	670	671	594	520	574	571	546	553	626	651	360	382	454	491	455	452	252	261	268	267	270	289	299	306	331	341	356	393	408	432	376	417
Total deposits
4,407	4,360	4,337	4,122	4,003	3,885	3,820	3,620	3,497	3,554	3,518	3,348	3,365	3,257	3,178	2,377	2,334	2,394	2,372	2,263	2,254	1,861	1,860	1,832	1,839	1,844	1,889	1,873	1,814	1,865	1,777	1,743	1,730	1,749	1,725	1,621	1,686
Short-term borrowings
18	18	18	39	73	189	86	231	216	105	32	231	79	196	211	260	-	24	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued expenses and other liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	38	36	-
Long-term debt
210	150	160	170	145	145	145	155	155	155	206	216	182	127	92	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	5	5	5	5
Customer repurchase agreements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	25	-	21	22	42	41	38	41	41	37	46	45	104	96	111	100	117	109	107	99	90
Federal funds purchased
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	39	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Subordinated notes
94	94	94	94	94	94	94	94	94	94	94	94	94	94	94	49	49	49	49	49	49	0	-	-	-	-	-	-	-	0	0	1	1	1	2	3	3
Operating lease liabilities
37	37	38	38	39	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other short-term borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4	-	-	-	-	-	-	-	-	5	-	0	0	24
Accrued interest payable and other liabilities
44	44	39	37	42	44	40	41	43	40	37	41	40	49	54	51	48	49	49	50	50	47	34	33	36	29	42	36	38	37	39	45	42	47	-	-	37
Junior subordinated debt owed to unconsolidated subsidiary trust
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	20	20	20	20	20	20	20	20	20	20
Total liabilities
4,813	4,705	4,689	4,502	4,397	4,360	4,187	4,143	4,007	3,951	3,888	3,932	3,762	3,725	3,631	2,738	2,457	2,517	2,492	2,424	2,397	1,950	1,932	1,910	1,917	1,911	1,978	1,976	1,978	2,020	1,950	1,911	1,916	1,933	1,899	1,785	1,867
SHAREHOLDERS' EQUITY
Common stock, $5 par value: 48,000,000 shares authorized at March 31, 2020 and December 31, 2019; 31,556,799 shares issued at March 31, 2020 and December 31, 2019; 29,164,782 and 29,334,629 shares outstanding at March 31, 2020 and December 31, 2019, respectively
157	157	157	157	157	157	157	157	157	157	144	144	144	144	144	110	110	110	110	110	110	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91
Additional paid-in capital
295	294	294	293	293	292	291	291	290	290	232	231	230	230	229	121	120	121	120	120	120	62	62	61	61	62	62	61	61	62	58	58	58	58	58	58	59
Retained earnings
272	288	279	267	256	248	235	226	228	216	212	206	200	194	192	198	196	193	190	186	183	181	179	176	175	172	170	168	166	164	163	160	159	157	155	153	151
Accumulated other comprehensive loss, net of tax benefit
-25	-21	-22	-21	-24	-28	-28	-28	-26	-17	-16	-17	-18	-19	-14	-14	-15	-16	-14	-15	-13	-14	-6	-6	-8	-9	-13	-13	-7	-6	-4	-5	-6	-6	-2	-3	-6
Treasury stock, at cost; 2,392,017 and 2,222,170 shares at March 31, 2020 and December 31, 2019, respectively
48	44	45	45	45	45	42	42	42	43	43	43	44	44	43	46	45	46	47	46	40	37	37	36	36	35	35	28	27	27	27	27	26	28	27	27	29
Total shareholders’ equity
651	675	664	651	637	624	614	605	606	603	528	521	511	505	509	369	367	361	359	356	360	284	289	286	283	280	274	279	284	284	281	277	275	272	275	273	266
Total liabilities and shareholders’ equity
5,464	5,380	5,353	5,154	5,035	4,984	4,801	4,749	4,613	4,554	4,417	4,453	4,273	4,230	4,140	3,107	2,824	2,879	2,851	2,780	2,757	2,235	2,222	2,197	2,201	2,191	2,252	2,255	2,263	2,304	2,232	2,188	2,192	2,206	2,174	2,058	2,133