Company: CVBF
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029985
Chunk: 303

Company: CVB FINANCIAL CORP
Filing Date: 2025-02-28
Form: 10-K
Item: Item 7
Chunk 303
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 is established on our available-for-sale and held-to-maturity securities. Management determined that credit losses did not exist for securities in an unrealized loss position as of December 31, 2024 and 2023. 

Refer to Note 4 – Investment Securities of the notes to the consolidated financial statements of this report for additional information on our investment securities portfolio.

Loans 

Total loans and leases, at amortized cost, of $8.54 billion at December 31, 2024, decreased by $368.5 million, or 4.14%, from $8.90 billion at December 31, 2023. Loan growth continues to be impacted by a slowdown in loan demand. The $368.5 million decrease included $277.1 million in commercial real estate loans, $50.7 million in construction loans and $44.7 million in commercial and industrial loans.  

55

Total loans, at amortized cost, comprised 63.10% of our total earning assets as of December 31, 2024. The following table presents our loan portfolio by type as of the dates presented. 

Distribution of Loan Portfolio by Type 

    December 31,

    2024

    2023

    2022

    2021

    2020

    (Dollars in thousands)

    Commercial real estate
     
    $
    6,507,452

    $
    6,784,505

    $
    6,884,948

    $
    5,789,730

    $
    5,501,509

    Construction

    16,082

    66,734

    88,271

    62,264

    85,145

    SBA

    273,013

    270,619

    290,908

    288,600

    303,896

    SBA - PPP

    774

    2,736

    9,087

    186,585

    882,986

    Commercial and industrial

    925,178

    969,895

    948,683

    813,063

    812,062

    Dairy & livestock and agribusiness

    419,904

    412,891

    433,564

    386,219

    361,146

    Municipal lease finance rece