Company: CVBF
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029985
Chunk: 165

Company: CVB FINANCIAL CORP
Filing Date: 2025-02-28
Form: 10-K
Item: Item 1B
Chunk 165
---
,747

    $
    12,186

    $
    16,506

    Percentage of nonperforming loans and performing     modified loans/TDRs to total loans, at amortized     cost

    0.40
    %

    0.35
    %

    0.14
    %

    0.15
    %

    0.20
    %

    Percentage of nonperforming assets to total loans,     at amortized cost, and OREO

    0.55
    %

    0.24
    %

    0.05
    %

    0.09
    %

    0.21
    %

    Percentage of nonperforming assets to total assets

    0.31
    %

    0.13
    %

    0.03
    %

    0.04
    %

    0.12
    %

58

Modifications of Loans to Borrowers Experiencing Financial Difficulty 

The Company adopted Accounting Standards Update 2022-02, Financial Instruments - Credit Losses (Topic 326) Troubled Debt Restructurings and Vintage Disclosures (“ASU 2022-02”) effective January 1, 2023. The amendments in ASU 2022-02 eliminated the recognition and measurement of TDRs and enhanced disclosures for loan modifications to borrowers experiencing financial difficulty.

The table below reflects the loans by type made to borrowers experiencing financial difficulty that were modified in the years ended December 31, 2024 and December 31, 2023, and the cost basis of the loans as of December 31, 2024 and December 31, 2023.

    Loan Type
     
    Term Extension

    Combination-Term Extension and Interest Rate Reduction

    Amortized Cost Basis

    % of Total Class of Financing Receivables

    Amortized Cost Basis

    % of Total Class of Financing Receivables

    December 31, 2024

    Commercial real estate loans
     
    $
    2,180

    0.03
    %
     
    $
    683

    0.01
    %

    Commercial and industrial

    2,804

    0.03
    %

    —

    0.00
    %

    Dairy & livestock and agribusiness

    800

    0.01