Company: CVBF
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029985
Chunk: 159

Company: CVB FINANCIAL CORP
Filing Date: 2025-02-28
Form: 10-K
Item: Item 1B
Chunk 159
---
    66,114

    73,590

    81,126

    45,933

    45,547

    SFR mortgage

    269,172

    269,868

    266,024

    240,654

    270,511

    Consumer and other loans

    58,743

    54,072

    76,781

    74,665

    86,006

    Total loans, at amortized cost

    8,536,432

    8,904,910

    9,079,392

    7,887,713

    8,348,808

    Less: Allowance for credit losses

    (80,122
    )

    (86,842
    )

    (85,117
    )

    (65,019
    )

    (93,692
    )

    Total loans and lease finance receivables, net
     
    $
    8,456,310

    $
    8,818,068

    $
    8,994,275

    $
    7,822,694

    $
    8,255,116

As of December 31, 2024, $449.8 million, or 6.91% of the total commercial real estate loans included loans secured by farmland, compared to $497.7 million, or 7.34%, at December 31, 2023. The loans secured by farmland included $109.1 million for loans secured by dairy & livestock land and $340.7 million for loans secured by agricultural land at December 31, 2024, compared to $122.4 million for loans secured by dairy & livestock land and $375.3 million for loans secured by agricultural land at December 31, 2023. As of December 31, 2024, dairy & livestock and agribusiness loans of $419.9 million were comprised of $385.3 million for dairy & livestock loans and $34.6 million for agribusiness loans, compared to $374.9 million of dairy & livestock loans and $38.0 million for agribusiness loans at December 31, 2023. 

Real estate loans are loans secured by conforming trust deeds on real property, including property under construction, land development, commercial property and single-family and multi-family