Company: CVBF
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029985
Chunk: 191

Company: CVB FINANCIAL CORP
Filing Date: 2025-02-28
Form: 10-K
Item: Item 1B
Chunk 191
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, 2024, compared to $495.1 million for 2023. 

At December 31, 2024, cash and cash equivalents totaled $204.7 million. This represented a decrease of $76.6 million, or 27.23%, from $281.3 million at December 31, 2023. 

Market Risk 

In the normal course of its business activities, we are exposed to market risks, including price and liquidity risk. Market risk is the potential for loss from adverse changes in market rates and prices, such as interest rates (interest rate risk). Liquidity risk arises from the possibility that we may not be able to satisfy current or future commitments or that we may be more reliant on alternative funding sources such as long-term debt. Financial products that expose us to market risk include securities, loans, deposits, debt, and derivative financial instruments. 

The table below provides the actual balances as of December 31, 2024 of interest-earning assets and interest-bearing liabilities, including the average rate earned or incurred for 2024, the projected contractual maturities over the next five years, and the estimated fair value of each category determined using available market information and appropriate valuation methodologies. 

    Maturing

    December 31,2024

    AverageRate

    One Year

    Two Years

    Three Years

    Four Years

    Five Yearsand Beyond

    Estimated FairValue

    (Dollars in thousands)

    Interest-earning assets:

    Investment securities available-for-sale (1)
     
    $
    2,542,115

    2.99
    %
     
    $
    43,205

    $
    6,719

    $
    24,186

    $
    5,656

    $
    2,462,349

    $
    2,542,115

    Investment securities held-to-maturity (1)

    2,379,668

    2.27
    %

    32,011

    9,496

    5,092

    8,134

    2,324,935

    1,954,345

    Investment in FHLB stock

    18,012

    8.61
    %

    —

    —

    —

    —

    18,012

    18,012

    Interest-earning deposits due from Federal  Reserve and with other institutions