Company: CVBF
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029985
Chunk: 316

Company: CVB FINANCIAL CORP
Filing Date: 2025-02-28
Form: 10-K
Item: Item 7
Chunk 316
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1)
     
    $
    8,670,420

    $
    8,893,335

    $
    8,676,820

    $
    8,065,877

    $
    8,066,483

    Net (charge-offs) recoveries to average total loans

    (0.04
    )%

    (0.00
    )%

    0.01
    %

    (0.04
    )%

    (0.00
    )%

    Net (charge-offs) recoveries to total loans at end of period

    (0.04
    )%

    (0.00
    )%

    0.01
    %

    (0.04
    )%

    (0.00
    )%

    Allowance for credit losses to average total loans

    0.92
    %

    0.98
    %

    0.98
    %

    0.81
    %

    1.16
    %

    Allowance for credit losses to total loans at end of period

    0.94
    %

    0.98
    %

    0.94
    %

    0.82
    %

    1.12
    %

    Net (charge-offs) recoveries to allowance for credit losses

    (4.64
    )%

    (0.32
    )%

    1.05
    %

    (4.88
    )%

    (0.33
    )%

    Net (charge-offs) recoveries to (recapture of) provision for credit losses

    124.00
    %

    (13.75
    )%

    8.42
    %

    12.44
    %

    (1.31
    )%

(1)Net of deferred loan origination fees, costs and discounts (amortized cost). 

The Bank’s ACL methodology also produced an allowance of $6.3 million for our off-balance sheet credit exposures as of December 31, 2024, compared to $7.5 million as of December 31, 2023.  

While we believe that the allowance at December 31, 2024 was appropriate to absorb losses from known or inherent risks in the portfolio, no assurance can be given that future economic conditions, interest rate fluctuations, conditions of our