Company: CVBF
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029985
Chunk: 56

Company: CVB FINANCIAL CORP
Filing Date: 2025-02-28
Form: 10-K
Item: Item 16
Chunk 56
---
 if a cash flow hedge. At inception a statistical regression analysis is prepared to determine hedge effectiveness. At each reporting period thereafter, a statistical regression or qualitative analysis is performed to determine hedge effectiveness. If it is determined that hedge effectiveness has not been or will not continue to be highly effective, then hedge accounting ceases and any gain or loss in AOCI is recognized in earnings immediately. The cash flow hedges are recorded at fair value in other assets and other liabilities on the consolidated balance sheets with changes in fair value recorded in AOCI, net of tax. All related cash flows are reported in the operating activities section of the consolidated statement of cash flows. Amounts recorded to AOCI are reclassified into earnings in the same period in which the hedged asset or liability affects earnings and are presented in the same income statement line item as the earnings effect of the hedged asset or liability.Balance Sheet Classification of Derivative Financial Instruments As of December 31, 2024 and 2023, the total notional amount of the Company’s swaps not designated as hedging instruments was $363.4 million and $394.4 million, respectively. The location of the asset and liability, and their respective fair values are summarized in the tables below. 

135

        December 31, 2024

        Asset Derivatives

        Liability Derivatives

        Notional

        Balance Sheet Location
         
        Fair Value

        Notional

        Balance Sheet Location
         
        Fair Value

        (Dollars in thousands)

        Derivatives not designated as hedging instruments:

        Interest rate swaps
         
        $
        363,440

        Other assets
         
        $
        30

        $
        363,440

        Other liabilities
         
        $
        30

        Total

        $
        30

        $
        30

        Derivatives designated as hedging instruments:

        Fair value hedges: interest rate swaps
         
        $
        700,000

        Other assets
         
        $
        7,222

        Other liabilities
         
        $
        —

        Cash flow hedges: interest rate swaps

        Other assets

        —

        $
        300,000

        Other liabilities

        517

        Total

        $
        7,222

        $
        517

        December 31, 2023

        Asset Derivatives

        Liability Derivatives

        Notional