Company: CVBF
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029985
Chunk: 35

Company: CVB FINANCIAL CORP
Filing Date: 2025-02-28
Form: 10-K
Item: Item 16
Chunk 35
---
734

      SBA
       
      273,013

      270,619

      SBA - Paycheck Protection Program (PPP)
       
      774

      2,736

      Commercial and industrial
       
      925,178

      969,895

      Dairy & livestock and agribusiness
       
      419,904

      412,891

      Municipal lease finance receivables
       
      66,114

      73,590

      SFR mortgage
       
      269,172

      269,868

      Consumer and other loans
       
      58,743

      54,072

      Total loans, at amortized cost
       
      8,536,432

      8,904,910

      Less: Allowance for credit losses
       
      (80,122
      )

      (86,842
      )

       Total loans and lease finance receivables, net
      $
      8,456,310

      $
      8,818,068

    As of December 31, 2024, 79.57% of the Company’s total gross loan portfolio consisted of real estate loans, with commercial real estate loans representing 76.23% of total loans. Substantially all of the Company’s real estate loans and construction loans are secured by real properties located in California. As of December 31, 2024, $449.8 million, or 6.91% of the total commercial real estate loans included loans secured by farmland, compared to $497.7 million, or 7.34%, at December 31, 2023. The loans secured by farmland included $109.1 million for loans secured by dairy & livestock land and $340.7 million for loans secured by agricultural land at December 31, 2024, compared to $122.4 million for loans secured by dairy & livestock land and $375.3 million for loans secured by agricultural land at December 31, 2023. As of December 31, 2024, dairy & livestock and agribusiness loans of $419.9 million were comprised of $385.3 million for dairy & livestock loans and $34.6 million for agribusiness loans, compared to $374.9 million of dairy & livestock loans and $38.0 million for agribusiness loans at December