Company: CVBF
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029985
Chunk: 172

Company: CVB FINANCIAL CORP
Filing Date: 2025-02-28
Form: 10-K
Item: Item 1B
Chunk 172
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 fraudulent activity), or natural disasters, which adversely affect our service areas or other circumstances or conditions, including those defined above, will not be reflected in increased provisions for credit losses in the future.

63

Changes in economic and business conditions could have an impact on our market area and on our loan portfolio. We continually monitor these conditions in determining our estimates of needed reserves. However, we cannot predict the extent to which the deterioration in general economic conditions, real estate values, changes in general rates of interest and changes in the financial conditions or business of a borrower may adversely affect a specific borrower’s ability to pay or the value of our collateral.  See “Risk Management – Credit Risk Management” contained herein.

The following table provides a summary of the allocation of the allowance for credit losses by loan type at the dates indicated for total loans. The allocations presented should not be interpreted as an indication that loans charged to the allowance for credit losses will occur in these amounts or proportions. 

Allowance for Credit Losses by Loan Type 

    December 31,

    2024

    2023

    2022

    2021

    2020

    AllowanceAmount

    Loansas % ofTotalLoans

    AllowanceAmount

    Loansas % ofTotalLoans

    AllowanceAmount

    Loansas % ofTotalLoans

    AllowanceAmount

    Loansas % ofTotalLoans

    AllowanceAmount

    Loansas % ofTotalLoans

    (Dollars in thousands)

    Commercial real estate
     
    $
    66,237

    76.2
    %
     
    $
    69,466

    76.2
    %
     
    $
    64,806

    75.8
    %
     
    $
    50,950

    73.4
    %
     
    $
    75,439

    65.9
    %

    Construction

    312

    0.2
    %

    1,277

    0.8
    %

    1,702

    1.0
    %

    765

    0.8
    %

    1,934

    1.0
    %

    SBA

    2,629

    3.2
    %

    2,679

    3.0
    %

    2,