Company: CVBF
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029985
Chunk: 312

Company: CVB FINANCIAL CORP
Filing Date: 2025-02-28
Form: 10-K
Item: Item 7
Chunk 312
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 payment amounts for the borrowers.
     
    Added a weighted-average 2.0 years to the life of loans, which reduced monthly payment amounts for the borrowers; reduced weighted-average contractual interest rate from 10% to 7.75%.

    Dairy & livestock and agribusiness
     
    Added a weighted-average 0.5 years to the life of loans, which reduced monthly payment amounts for the borrowers.
     
    —

As of  December 31, 2024 and December 31, 2023, the Company did not have any loans made to borrowers experiencing financial difficulty that were modified on or after January 1, 2023, that subsequently defaulted. Payment default is defined as movement to nonaccrual (nonperforming) status, foreclosure or charge-off, whichever occurs first.

The following table presents as of December 31, 2024, the recorded investment in, and the aging of, past due loans at amortized cost (including nonaccrual loans), by type of loans, made to borrowers experiencing financial difficulty that were modified on or after January 1, 2023, the date we adopted ASU 2022-02.

    Payment Status (amortized cost basis)

    Current

    30-89 Days Past Due

    90+ Days Past Due

    (Dollars in thousands)

    Commercial real estate loans
     
    $
    2,863

    $
    —

    $
    —

    Commercial and industrial

    2,804

    —

    —

    Dairy & livestock and agribusiness

    800

    —

    —

    SFR mortgage loans

    —

    —

    —

    Consumer and other loans

    —

    —

    —

       Total
     
    $
    6,467

    $
    —

    $
    —

At December 31, 2024 and December 31, 2023, there was no ACL allocated to modified loans to borrowers experiencing financial difficulty under the ASU 2022-02. Impairment amounts identified are typically charged off against the 

60

allowance at the time the loan is considered uncollectible. There were no charge-offs on modified loans to borrowers experiencing financial difficulty during the years ending December 31, 2024 and December 31, 2023. 

Nonperforming Assets and Delinquencies 

The table below provides trends in our nonperforming assets and delinquencies as of the dates