Company: CVBF
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029985
Chunk: 250

Company: CVB FINANCIAL CORP
Filing Date: 2025-02-28
Form: 10-K
Item: Item 1B
Chunk 250
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 Level 3). •Level 1 — Quoted prices in active markets for identical assets or liabilities in active markets that are accessible at the measurement date. •Level 2 — Observable inputs other than Level 1, including quoted prices for similar assets and liabilities in active markets, quoted prices in less active markets, or other observable inputs or model-derived valuations that can be corroborated by observable market data, either directly or indirectly, for substantially the full term of the financial instrument. •Level 3 — Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable. These valuation methodologies generally include pricing models, discounted cash flow models, or a determination of fair value that requires significant management judgment or estimation.  Assets and Liabilities Measured at Fair Value on a Recurring Basis The tables below present the balances of assets and liabilities measured at fair value on a recurring basis for the dates presented.  

        Carrying Value at December 31, 2024

        Quoted Prices in Active Markets for Identical Assets (Level 1)

        Significant Other Observable Inputs (Level 2)

        Significant Unobservable Inputs (Level 3)

        (Dollars in thousands)

        Description of assets

        Investment securities - AFS:

        Government agency/GSE
         
        $
        34,255

        $
        —

        $
        34,255

        $
        —

        Mortgage-backed securities

        2,134,534

        —

        2,134,534

        —

        CMO/REMIC

        351,522

        —

        351,522

        —

        Municipal bonds

        20,377

        —

        20,377

        —

        Other securities

        1,427

        —

        1,427

        —

        Total investment securities - AFS

        2,542,115

        —

        2,542,115

        —

        Derivatives not designated as hedging instruments:

            Interest rate swaps

        30

        —

        30

        —

        Derivatives designated as hedging instruments:

            Fair value hedges: interest rate swaps

        7,222

        —

        7,222

        —

           Cash flow hedges: interest rate swaps

        —

        —

        —

        —

        Total assets
         
        $
        2,549,367

        $