Company: CVBF
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029985
Chunk: 60

Company: CVB FINANCIAL CORP
Filing Date: 2025-02-28
Form: 10-K
Item: Item 16
Chunk 60
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 broker-dealer. Fees are earned from gross dealer commission based on trade date. Performance obligation is satisfied upon execution of the transaction and there is no need to allocate transaction price to the performance obligation(s) in the contract. Deposit-related Fees Service charges on deposit accounts consist of account analysis fees earned on analyzed business checking accounts, monthly service fees, and other deposit account related fees. The Company’s performance obligation for account analysis fees and monthly service fees is generally satisfied, and the related revenue recognized, over the period in which the service is provided. Other deposit account related fees are largely transactional based, and therefore, the Company’s performance obligation is satisfied, and related revenue recognized, at a point in time. Payment for service charges on deposit accounts is primarily received immediately or in the following month through a direct charge to customers’ accounts.Bankcard Services The Bank generates revenues from merchant servicing to its clients. A fee schedule is part of the contract and is calculated based on sales of merchants on a monthly basis. There is no future promise or claim to deliver services as merchant fees are based on monthly merchant transactions. The Company’s performance obligations are largely satisfied, and related revenue recognized, when the services are rendered or upon completion. Payment is typically received immediately or in the following month.  

141

The following presents noninterest income, segregated by revenue streams in-scope and out-of-scope of Topic 606, for the periods presented.  

        Year Ended December 31,

        2024

        2023

        2022

        (Dollars in thousands)

        Noninterest income:

        In-scope of Topic 606:

        Service charges on deposit accounts
         
        $
        20,370

        $
        20,219

        $
        21,382

        Trust and investment services

        13,729

        12,556

        11,518

        Bankcard services

        1,652

        1,627

        1,470

        Gain on sale of other investments

        —

        2,575

        —

        Other

        8,720

        9,602

        7,546

        Noninterest Income (in-scope of Topic 606)

        44,471

        46,579

        41,916

        Noninterest Income (out-of-scope of Topic 606)

        10,003

        12,751

        8