XML 32 R2.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Consolidated Balance Sheets (USD $)
In Thousands
Jun. 30, 2011
Dec. 31, 2010
ASSETS    
Cash and due from banks $ 32,433 $ 11,624 [1]
Interest-earning deposits with other banks 6,781 17,563 [1]
Investment securities held-to-maturity (fair value $18 and $32 at June 30, 2011 and December 31, 2010, respectively) 18 32 [1]
Investment securities available-for-sale 418,002 466,992 [1]
Loans held for sale 2,102 4,178 [1]
Loans and leases 1,438,707 1,471,186 [1]
Less: Reserve for loan and lease losses (32,601) (30,898) [1]
Net loans and leases 1,406,106 1,440,288 [1]
Premises and equipment, net 34,166 34,605 [1]
Goodwill 51,320 51,320 [1]
Other intangibles, net of accumulated amortization and fair value adjustments of $9,420 and $9,495 at June 30, 2011 and December 31, 2010, respectively 5,456 5,477 [1]
Bank owned life insurance 48,622 48,010 [1]
Accrued interest and other assets 53,371 53,804 [1]
Total assets 2,058,377 2,133,893 [1]
LIABILITIES    
Demand deposits, noninterest-bearing 277,515 271,125 [1]
Demand deposits, interest-bearing 480,888 529,884 [1]
Savings deposits 486,666 467,511 [1]
Time deposits 376,225 417,750 [1]
Total deposits 1,621,294 1,686,270 [1]
Securities sold under agreements to repurchase 99,070 90,271 [1]
Other short-term borrowings 0 24,600 [1]
Accrued expenses and other liabilities 36,372 37,534 [1]
Long-term debt 5,000 5,000 [1]
Subordinated notes 3,000 3,375 [1]
Company-obligated mandatorily redeemable preferred securities of subsidiary trusts holding junior subordinated debentures of Univest (Trust Preferred Securities) 20,619 20,619 [1]
Total liabilities 1,785,355 1,867,669 [1]
SHAREHOLDERS' EQUITY    
Common stock, $5 par value: 48,000,000 shares authorized at June 30, 2011 and December 31, 2010; 18,266,404 shares issued at June 30, 2011 and December 31, 2010; 16,777,379 and 16,648,303 shares outstanding at June 30, 2011 and December 31, 2010, respectively 91,332 91,332 [1]
Additional paid-in capital 58,326 59,080 [1]
Retained earnings 153,728 151,978 [1]
Accumulated other comprehensive loss, net of taxes (3,099) (6,766) [1]
Treasury stock, at cost; 1,489,025 shares and 1,618,101 shares at June 30, 2011 and December 31, 2010, respectively (27,265) (29,400) [1]
Total shareholders' equity 273,022 266,224 [1]
Total liabilities and shareholders' equity $ 2,058,377 $ 2,133,893 [1]
[1] The consolidated balance sheet at December 31, 2010 has been derived from the audited financial statements at that date but does not include all of the information and footnotes required by U. S. generally accepted accounting principles for complete financial statements. Certain amounts have been reclassified to conform to the current-year presentation. See accompanying notes to the unaudited consolidated financial statements.