Company: CVBF
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029985
Chunk: 41

Company: CVB FINANCIAL CORP
Filing Date: 2025-02-28
Form: 10-K
Item: Item 16
Chunk 41
---
 of the acquisition of Suncrest Bank.  The federal and California NOLs of approximately $6.4 and $5.7 million, respectively, are subject to annual IRC Section 382 limitations of $3.4 million and have no expiration for federal tax purposes but will expire in 2032 for California if not utilized.  The balance of the NOLs are subject to annual IRC Section 382 limitations of $314,000 and will begin to expire in 2030.The Company considered the need for a valuation allowance on its deferred tax assets for the year ended December 31, 2024. The Company considered income in prior periods, projected future income, and projected future reversals of deferred tax items in making the determination that the deferred tax assets are more likely than not to be realized.

10.	DEPOSITS The composition of deposits is summarized for the periods presented in the table below.  

        December 31,

        2024

        2023

        Amount

        Percent

        Amount

        Percent

        (Dollars in thousands)

        Noninterest-bearing deposits
         
        $
        7,037,096

        58.90
        %
         
        $
        7,206,175

        63.03
        %

        Interest-bearing deposits

        Investment checking

        551,305

        4.61
        %

        552,408

        4.83
        %

        Money market

        3,363,804

        28.15
        %

        2,821,344

        24.67
        %

        Savings

        422,583

        3.54
        %

        457,320

        4.00
        %

        Time deposits

        573,593

        4.80
        %

        396,395

        3.47
        %

        Total deposits
         
        $
        11,948,381

        100.00
        %
         
        $
        11,433,642

        100.00
        %
       
       Time deposits with balances of $250,000 or more amounted to approximately $101.5 million and $206.4 million at December 31, 2024 and 2023, respectively. At December 31, 2024, the scheduled maturities of time certificates of deposit are as follows