Company: CVBF
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029985
Chunk: 237

Company: CVB FINANCIAL CORP
Filing Date: 2025-02-28
Form: 10-K
Item: Item 1B
Chunk 237
---
 508

        2,092

        10,206

        Dairy & livestock and agribusiness

        3,066

        —

        468

        2832

        149

        (2,115
        )

        4,400

        Municipal lease finance   receivables

        100

        —

        —

        3

        26

        167

        296

        SFR mortgage

        188

        —

        —

        —

        —

        178

        366

        Consumer and other loans

        613

        (4
        )

        —

        —

        —

        (77
        )

        532

        Total allowance for loan losses
         
        $
        65,019

        $
        (197
        )
         
        $
        1,090

        $
        8,605

        $
        4,932

        $
        5,668

        $
        85,117

      Past Due and Nonperforming Loans 

We seek to manage asset quality and control credit risk through diversification of the loan portfolio and the application of policies designed to promote sound underwriting and loan monitoring practices. The Bank’s Credit Management Division is responsible for monitoring asset quality, establishing credit policies and procedures and enforcing the consistent application of these policies and procedures across the Bank. Reviews of nonperforming, past due loans and larger credits, designed to identify potential charges to the allowance for credit losses, are conducted on an ongoing basis. These reviews consider such factors as the financial strength of borrowers and any guarantors, the value of the applicable collateral, loan loss experience, estimated credit losses, growth in the loan portfolio, prevailing economic conditions and other factors. Refer to Note 3 – Summary of Significant Accounting Policies, included herein, for additional discussion concerning the Bank’s policy for past due and nonperforming loans.

111

The following table presents the recorded investment in, and the aging of, past due loans (including nonaccrual loans), by type of loans as of the date presented.  

        December 31, 2024

        30-59 Days Past Due

        60-89 Days Past Due

        Greater than 89 Days Past Due

        Total Past Due

        Loans Not Past Due

        Total Loans and Financing Receivables

        (Dollars in thousands)

        Commercial real estate

        Owner occupied