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Consolidated Balance Sheets (USD $)
In Thousands
Sep. 30, 2011
Dec. 31, 2010
ASSETS  
Cash and due from banks$ 50,146$ 11,624[1]
Interest-earning deposits with other banks96,88417,563[1]
Investment securities held-to-maturity (fair value $30,212 and $32 at September 30, 2011 and December 31, 2010, respectively)30,52632[1]
Investment securities available-for-sale381,814466,992[1]
Loans held for sale1,7244,178[1]
Loans and leases1,436,4111,471,186[1]
Less: Reserve for loan and lease losses(31,002)(30,898)[1]
Net loans and leases1,405,4091,440,288[1]
Premises and equipment, net34,13234,605[1]
Goodwill51,32051,320[1]
Other intangibles, net of accumulated amortization and fair value adjustments of $11,219 and $9,495 at September 30, 2011 and December 31, 2010, respectively4,7185,477[1]
Bank owned life insurance60,88548,010[1]
Accrued interest and other assets56,56953,804[1]
Total assets2,174,1272,133,893[1]
LIABILITIES  
Demand deposits, noninterest-bearing275,930271,125[1]
Demand deposits, interest-bearing534,179529,884[1]
Savings deposits482,472467,511[1]
Time deposits432,482417,750[1]
Total deposits1,725,0631,686,270[1]
Securities sold under agreements to repurchase107,62190,271[1]
Other short-term borrowings024,600[1]
Accrued expenses and other liabilities38,47537,534[1]
Long-term debt5,0005,000[1]
Subordinated notes2,2503,375[1]
Company-obligated mandatorily redeemable preferred securities of subsidiary trusts holding junior subordinated debentures of Univest (Trust Preferred Securities)20,61920,619[1]
Total liabilities1,899,0281,867,669[1]
SHAREHOLDERS' EQUITY  
Common stock, $5 par value: 48,000,000 shares authorized at September 30, 2011 and December 31, 2010; 18,266,404 shares issued at September 30, 2011 and December 31, 2010; 16,727,099 and 16,648,303 shares outstanding at September 30, 2011 and December 31, 2010, respectively91,33291,332[1]
Additional paid-in capital58,32659,080[1]
Retained earnings155,617151,978[1]
Accumulated other comprehensive loss, net of taxes(2,251)(6,766)[1]
Treasury stock, at cost; 1,539,305 shares and 1,618,101 shares at September 30, 2011 and December 31, 2010, respectively(27,925)(29,400)[1]
Total shareholders' equity275,099266,224[1]
Total liabilities and shareholders' equity$ 2,174,127$ 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.