Company: CVBF
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029985
Chunk: 177

Company: CVB FINANCIAL CORP
Filing Date: 2025-02-28
Form: 10-K
Item: Item 1B
Chunk 177
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 following table summarizes the aggregate contractual obligations as of December 31, 2024. 

    Maturity by Period

    Total

    Less ThanOneYear

    One YearThroughThree Years

    Four YearsThroughFive Years

    OverFiveYears

    (Dollars in thousands)

    Deposits (1)
     
    $
    11,948,381

    $
    11,937,063

    $
    9,792

    $
    1,243

    $
    283

    Customer repurchase agreements (1)

    261,887

    261,887

    —

    —

    —

    Other borrowings

    500,000

    —

    500,000

    —

    —

    Deferred compensation

    22,909

    575

    1,152

    1,150

    20,032

    Operating leases

    69,640

    10,114

    16,759

    10,097

    32,670

    Equity investments

    45,809

    36,932

    7,382

    391

    1,104

    Total
     
    $
    12,848,626

    $
    12,246,571

    $
    535,085

    $
    12,881

    $
    54,089

(1)Amounts exclude accrued interest. 

Deposits represent noninterest-bearing, money market, savings, NOW, certificates of deposits, brokered and all other deposits held by the Bank. 

Customer repurchase agreements represent excess amounts swept from customer demand deposit accounts, which mature the following business day and are collateralized by investment securities. These amounts are due to customers.

Other borrowings represent amounts due for FHLB advances based on their contractual maturity dates. 

Deferred compensation represents the amounts that are due to former employees based on salary continuation agreements as a result of acquisitions and amounts due to current and retired employees under our deferred compensation plans. 

Operating leases represent the total minimum lease payments due under non-cancelable operating leases. Refer to Note 21 — Leases of the notes to the consolidated financial statements for a more detailed discussion about leases. 

Equity investments represent commitments to contribute capital to LIHTC and other CRA-related investment partnerships.

Off-Balance Sheet Arrangements 

The following table summarizes the off-b