Company: CVBF
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029985
Chunk: 166

Company: CVB FINANCIAL CORP
Filing Date: 2025-02-28
Form: 10-K
Item: Item 1B
Chunk 166
---

    %

    —

    0.00
    %

       Total
     
    $
    5,784

    $
    683

    December 31, 2023

    Commercial real estate loans
     
    $
    2,550

    0.03
    %
     
    $
    688

    0.01
    %

    Commercial and industrial

    1,305

    0.01
    %

    278

    0.00
    %

    Dairy & livestock and agribusiness

    4,639

    0.05
    %

    —

    0.00
    %

       Total
     
    $
    8,494

    $
    966

59

The following table describes the financial effect of the loan modifications made to borrowers experiencing financial difficulty for the years ended December 31, 2024 and December 31, 2023. 

    Loan Type
     
    Financial Effect

    Term Extension
     
    Combination-Term Extension and Interest Rate Reduction

    December 31, 2024

    Commercial real estate loans
     
    Added a weighted-average 1.7 years to the life of loans, which reduced monthly payment amounts for the borrowers.
     
     Added a weighted-average 7.6 years to the life of loans, which reduced monthly payment amounts for the borrowers; reduced weighted-average contractual interest rate from 10.00% to 7.25%.

    Commercial and industrial
     
    Added a weighted-average 1.2 years to the life of loans, which reduced monthly payment amounts for the borrowers.
     
    —

    Dairy & livestock and agribusiness
     
    Added a weighted-average 0.9 years to the life of loans, which reduced monthly payment amounts for the borrowers.
     
    —

    December 31, 2023

    Commercial real estate loans
     
    Added a weighted-average 1.0 years to the life of loans, which reduced monthly payment amounts for the borrowers.
     
    Added a weighted-average 7.6 years to the life of loans, which reduced monthly payment amounts for the borrowers; reduced weighted-average contractual interest rate from 10% to 7.25%.

    Commercial and industrial
     
    Added a weighted-average 0.3 years to the life of loans, which reduced monthly payment amounts for