Company: CVBF
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029985
Chunk: 238

Company: CVB FINANCIAL CORP
Filing Date: 2025-02-28
Form: 10-K
Item: Item 1B
Chunk 238
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 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 the borrowers.
         
        Added a weighted-average 2.0 years to the life of loans, which reduced monthly payment amounts for the borrowers; reduced weighted-average contractual interest rate from 10% to 7.75%.

        Dairy & livestock and agribusiness
         
        Added a weighted-average 0.5 years to the life of loans, which reduced monthly payment amounts for the borrowers.
         
        —

115

  As of December 31, 2024, the Company did not have any loans made to borrowers experiencing financial difficulty that were modified during 2023 that subsequently defaulted. Payment default is defined as movement to nonaccrual (nonperforming) status, foreclosure or charge-off, whichever occurs first. The following table presents the recorded investment in, and the aging of, past due loans at amortized cost (including nonaccrual loans), by type of loans, made to borrowers experiencing financial difficulty that were modified on or after January 1, 2023, the date we adopted ASU 2022-02.  

        Payment Status (amortized cost basis)

        Current

        30-89 Days Past Due

        90+ Days Past Due

        (Dollars in thousands)

        Commercial real estate loans