Company: CVBF
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029985
Chunk: 34

Company: CVB FINANCIAL CORP
Filing Date: 2025-02-28
Form: 10-K
Item: Item 16
Chunk 34
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 and CMO/REMIC securities have weighted average remaining contractual maturities of approximately 25 years, expected maturities will differ from contractual maturities because borrowers may have the right to prepay such obligations without penalty. Mortgage-backed and CMO/REMIC securities are included in maturity categories based upon estimated average lives which incorporate estimated prepayment speeds. 

        December 31, 2024

        Available-for-sale

        Held-to-maturity

        Amortized Cost

        Fair Value

        Amortized Cost

        Fair Value

        (Dollars in thousands)

        Due in one year or less
        $
        43,237

        $
        43,205

        $
        20,556

        $
        19,897

        Due after one year through five years
         
        159,911

        136,474

        44,550

        43,049

        Due after five years through ten years
         
        1,937,667

        1,629,085

        318,541

        277,213

        Due after ten years
         
        856,232

        733,351

        1,996,021

        1,614,186

        Total investment securities
        $
        2,997,047

        $
        2,542,115

        $
        2,379,668

        $
        1,954,345

       The Bank is a member of the FHLB and members are required to own a certain amount of FHLB stock based on the level of borrowings and other factors. FHLB stock is carried at cost and is periodically evaluated for impairment based on, among other things, the capital adequacy of the FHLB and its overall financial condition. No impairment losses have been recorded through December 31, 2024. 

5.	LOANS AND LEASE FINANCE RECEIVABLES AND ALLOWANCE FOR CREDIT LOSSES  The following table provides a summary of total loans and lease finance receivables by type. 

      December 31,

      2024

      2023

      (Dollars in thousands)

      Commercial real estate
      $
      6,507,452

      $
      6,784,505

      Construction
       
      16,082

      66,