Company: CVBF
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029985
Chunk: 307

Company: CVB FINANCIAL CORP
Filing Date: 2025-02-28
Form: 10-K
Item: Item 7
Chunk 307
---
 $
    1,621

    Office

    1,039,502

    16.0
    %

    27.0
    %

    1,666

    Retail

    887,526

    13.6
    %

    11.2
    %

    1,704

    Multi-family

    811,701

    12.5
    %

    0.5
    %

    1,570

    Secured by farmland (2)

    449,771

    6.9
    %

    98.7
    %

    1,460

    Medical

    300,987

    4.6
    %

    33.3
    %

    1,454

    Other (3)

    800,762

    12.3
    %

    42.4
    %

    1,745

    Total commercial real estate
     
    $
    6,507,452

    100.0
    %

    35.8
    %
     
    $
    1,625

(1)Represents percentage of reported owner-occupied at origination in each real estate loan category. 

(2)The loans secured by farmland included $109.1 million for loans secured by dairy & livestock land and $340.6 million for loans secured by agricultural land at December 31, 2024. 

(3)Other loans consist of a variety of loan types, none of which exceeds 2.0% of total commercial real estate loans. 

At December 31, 2024, commercial real estate loans on office properties totaled $1.04 billion, or approximately 16.0% of total commercial real estate loans. At origination, these loans on office properties were underwritten with loan-to-values averaging approximately 55%. Approximately 37% of these loans were originated prior to 2020.  The average loan size for office loans was approximately $1.7 million and 87% of these loans have a balance of $10 million or less.

At December 31, 2024, commercial real estate loans on retail properties totaled $887.5 million, or approximately 13.6% of total commercial real estate loans. At origination, these loans on retail properties were underwritten with loan-to-values averaging approximately 47%. Approximately 37%