Company Quick10K Filing
Quick10K
CVB Financial
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$20.55 140 $2,877
10-Q 2019-06-30 Quarter: 2019-06-30
10-Q 2019-03-31 Quarter: 2019-03-31
10-K 2018-12-31 Annual: 2018-12-31
10-Q 2018-09-30 Quarter: 2018-09-30
10-Q 2018-06-30 Quarter: 2018-06-30
10-Q 2018-03-31 Quarter: 2018-03-31
10-K 2017-12-31 Annual: 2017-12-31
10-Q 2017-09-30 Quarter: 2017-09-30
10-Q 2017-06-30 Quarter: 2017-06-30
10-Q 2017-03-31 Quarter: 2017-03-31
10-K 2016-12-31 Annual: 2016-12-31
10-Q 2016-09-30 Quarter: 2016-09-30
10-Q 2016-06-30 Quarter: 2016-06-30
10-Q 2016-03-31 Quarter: 2016-03-31
10-K 2015-12-31 Annual: 2015-12-31
10-Q 2015-09-30 Quarter: 2015-09-30
10-Q 2015-06-30 Quarter: 2015-06-30
10-Q 2015-03-31 Quarter: 2015-03-31
10-K 2014-12-31 Annual: 2014-12-31
10-Q 2014-09-30 Quarter: 2014-09-30
10-Q 2014-06-30 Quarter: 2014-06-30
10-Q 2014-03-31 Quarter: 2014-03-31
10-K 2013-12-31 Annual: 2013-12-31
8-K 2019-07-29 Regulation FD, Exhibits
8-K 2019-07-29 Other Events, Exhibits
8-K 2019-07-24 Earnings, Exhibits
8-K 2019-07-17 Officers, Exhibits
8-K 2019-05-30 Regulation FD, Exhibits
8-K 2019-05-22 Shareholder Vote
8-K 2019-04-24 Earnings, Exhibits
8-K 2019-03-04 Regulation FD, Exhibits
8-K 2019-02-20 Officers
8-K 2019-01-23
8-K 2019-01-23
8-K 2018-11-01 Other Events, Exhibits
8-K 2018-10-31 Regulation FD, Exhibits
8-K 2018-10-24 Earnings, Exhibits
8-K 2018-09-12 Officers, Exhibits
8-K 2018-08-10 M&A, Officers, Other Events, Exhibits
8-K 2018-07-30 Regulation FD, Exhibits
8-K 2018-07-26 Regulation FD, Exhibits
8-K 2018-07-18 Earnings, Other Events, Exhibits
8-K 2018-06-21 Shareholder Vote, Other Events, Exhibits
8-K 2018-06-12 Other Events
8-K 2018-05-30 Regulation FD, Other Events, Exhibits
8-K 2018-05-23 Officers, Shareholder Vote, Exhibits
8-K 2018-04-18 Earnings, Other Events, Exhibits
8-K 2018-03-05 Regulation FD, Other Events, Exhibits
8-K 2018-02-26 Enter Agreement, Other Events, Exhibits
8-K 2018-01-24 Earnings, Exhibits
SIVB Silicon Valley Bank 9,740
GBCI Glacier Bancorp 3,358
TBK Triumph Bancorp 764
HBNC Horizon Bancorp 728
MCB Metropolitan Bank Holding 315
PFBI Premier Financial Bancorp 225
HWBK Hawthorn Bancshares 136
GFED Guaranty Federal Bancshares 106
SVBI Severn Bancorp 102
RIVE Riverview Financial 91
CVBF 2019-06-30
Part I - Financial Information (Unaudited)
Item 1. Condensed Consolidated Financial Statements
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 3. Quantitative and Qualitative Disclosures About Market Risk
Item 4. Controls and Procedures
Part II - Other Information
Item 1. Legal Proceedings
Item 1A. Risk Factors
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
Item 3. Defaults Upon Senior Securities
Item 4. Mine Safety Disclosures
Item 5. Other Information
Item 6. Exhibits
EX-31.1 d504795dex311.htm
EX-31.2 d504795dex312.htm
EX-32.1 d504795dex321.htm
EX-32.2 d504795dex322.htm

CVB Financial Earnings 2019-06-30

CVBF 10Q Quarterly Report

Balance SheetIncome StatementCash Flow

10-Q
false2019Q20000354647--12-31Includes short-term leases and variable lease costs, which are immaterial. 0000354647 2019-01-01 2019-06-30 0000354647 2019-06-30 0000354647 2018-12-31 0000354647 2019-04-01 2019-06-30 0000354647 2018-04-01 2018-06-30 0000354647 2018-01-01 2018-06-30 0000354647 2018-06-30 0000354647 2018-07-01 2018-09-30 0000354647 2019-07-31 0000354647 2018-03-31 0000354647 2019-03-31 0000354647 2017-12-31 0000354647 cvbf:CommunityBankMember 2019-01-01 2019-06-30 0000354647 us-gaap:NondesignatedMember us-gaap:InterestRateSwapMember us-gaap:OtherIncomeMember 2019-01-01 2019-06-30 0000354647 us-gaap:NondesignatedMember 2019-01-01 2019-06-30 0000354647 us-gaap:HeldtomaturitySecuritiesMember 2019-01-01 2019-06-30 0000354647 us-gaap:AvailableforsaleSecuritiesMember 2019-01-01 2019-06-30 0000354647 cvbf:NonPerformingTroubledDebtRestructuredLoansMember 2019-01-01 2019-06-30 0000354647 cvbf:PerformingTroubledDebtRestructuringMember 2019-01-01 2019-06-30 0000354647 us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember 2019-01-01 2019-06-30 0000354647 us-gaap:CommercialRealEstateMember 2019-01-01 2019-06-30 0000354647 us-gaap:ConstructionLoansMember 2019-01-01 2019-06-30 0000354647 us-gaap:ResidentialRealEstateMember 2019-01-01 2019-06-30 0000354647 cvbf:MunicipalLeaseFinanceReceivablesMember 2019-01-01 2019-06-30 0000354647 cvbf:ConsumerAndOtherLoansMember 2019-01-01 2019-06-30 0000354647 cvbf:DairyLivestockAndAgribusinessMember 2019-01-01 2019-06-30 0000354647 cvbf:SmallBusinessAdministrationLoansMember 2019-01-01 2019-06-30 0000354647 cvbf:CommercialAndIndustrialLoansMember 2019-01-01 2019-06-30 0000354647 us-gaap:PerformingFinancingReceivableMember cvbf:SmallBusinessAdministrationLoansMember 2019-01-01 2019-06-30 0000354647 us-gaap:PerformingFinancingReceivableMember us-gaap:CommercialRealEstateMember 2019-01-01 2019-06-30 0000354647 us-gaap:PerformingFinancingReceivableMember cvbf:CommercialAndIndustrialLoansMember 2019-01-01 2019-06-30 0000354647 us-gaap:PerformingFinancingReceivableMember cvbf:SingleFamilyResidentialLoanMember 2019-01-01 2019-06-30 0000354647 us-gaap:RetainedEarningsMember 2019-01-01 2019-06-30 0000354647 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-01-01 2019-06-30 0000354647 cvbf:ConstructionNonSpeculativeMember 2019-01-01 2019-06-30 0000354647 cvbf:ConstructionSpeculativeMember 2019-01-01 2019-06-30 0000354647 cvbf:CommercialRealEstateNonOwnerOccupiedMember 2019-01-01 2019-06-30 0000354647 cvbf:CommercialRealEstateOwnerOccupiedMember 2019-01-01 2019-06-30 0000354647 us-gaap:DepositAccountMember 2019-01-01 2019-06-30 0000354647 us-gaap:FiduciaryAndTrustMember 2019-01-01 2019-06-30 0000354647 us-gaap:CreditCardMember 2019-01-01 2019-06-30 0000354647 us-gaap:AccountingStandardsUpdate201409Member us-gaap:DepositAccountMember 2019-01-01 2019-06-30 0000354647 us-gaap:AccountingStandardsUpdate201409Member us-gaap:FiduciaryAndTrustMember 2019-01-01 2019-06-30 0000354647 us-gaap:AccountingStandardsUpdate201409Member us-gaap:CreditCardMember 2019-01-01 2019-06-30 0000354647 us-gaap:AccountingStandardsUpdate201409Member 2019-01-01 2019-06-30 0000354647 cvbf:AccountingStandardsUpdate201409NotAdoptedMember 2019-01-01 2019-06-30 0000354647 country:US 2019-06-30 0000354647 us-gaap:RealEstateLoanMember 2019-06-30 0000354647 us-gaap:ConstructionLoansMember 2019-06-30 0000354647 cvbf:LoansExcludingPurchasedCreditImpairedLoansMember cvbf:SecuredByFarmLandMember us-gaap:RealEstateLoanMember 2019-06-30 0000354647 us-gaap:PassMember cvbf:LoansExcludingPurchasedCreditImpairedLoansMember 2019-06-30 0000354647 us-gaap:SpecialMentionMember cvbf:LoansExcludingPurchasedCreditImpairedLoansMember 2019-06-30 0000354647 us-gaap:SubstandardMember cvbf:LoansExcludingPurchasedCreditImpairedLoansMember 2019-06-30 0000354647 us-gaap:DoubtfulMember cvbf:LoansExcludingPurchasedCreditImpairedLoansMember 2019-06-30 0000354647 cvbf:LoansExcludingPurchasedCreditImpairedLoansMember 2019-06-30 0000354647 cvbf:CommercialAndIndustrialLoansMember us-gaap:FinancingReceivables30To59DaysPastDueMember cvbf:LoansExcludingPurchasedCreditImpairedLoansMember 2019-06-30 0000354647 cvbf:CommercialAndIndustrialLoansMember us-gaap:FinancingReceivables60To89DaysPastDueMember cvbf:LoansExcludingPurchasedCreditImpairedLoansMember 2019-06-30 0000354647 cvbf:CommercialAndIndustrialLoansMember cvbf:LoansExcludingPurchasedCreditImpairedLoansMember 2019-06-30 0000354647 cvbf:SmallBusinessAdministrationLoansMember us-gaap:FinancingReceivables30To59DaysPastDueMember cvbf:LoansExcludingPurchasedCreditImpairedLoansMember 2019-06-30 0000354647 cvbf:SmallBusinessAdministrationLoansMember us-gaap:FinancingReceivables60To89DaysPastDueMember cvbf:LoansExcludingPurchasedCreditImpairedLoansMember 2019-06-30 0000354647 cvbf:SmallBusinessAdministrationLoansMember cvbf:LoansExcludingPurchasedCreditImpairedLoansMember 2019-06-30 0000354647 cvbf:CommercialRealEstateOwnerOccupiedMember us-gaap:FinancingReceivables30To59DaysPastDueMember cvbf:LoansExcludingPurchasedCreditImpairedLoansMember 2019-06-30 0000354647 cvbf:CommercialRealEstateOwnerOccupiedMember us-gaap:FinancingReceivables60To89DaysPastDueMember cvbf:LoansExcludingPurchasedCreditImpairedLoansMember 2019-06-30 0000354647 cvbf:CommercialRealEstateOwnerOccupiedMember cvbf:LoansExcludingPurchasedCreditImpairedLoansMember 2019-06-30 0000354647 cvbf:CommercialRealEstateNonOwnerOccupiedMember us-gaap:FinancingReceivables30To59DaysPastDueMember cvbf:LoansExcludingPurchasedCreditImpairedLoansMember 2019-06-30 0000354647 cvbf:CommercialRealEstateNonOwnerOccupiedMember us-gaap:FinancingReceivables60To89DaysPastDueMember cvbf:LoansExcludingPurchasedCreditImpairedLoansMember 2019-06-30 0000354647 cvbf:CommercialRealEstateNonOwnerOccupiedMember cvbf:LoansExcludingPurchasedCreditImpairedLoansMember 2019-06-30 0000354647 cvbf:ConstructionSpeculativeMember us-gaap:FinancingReceivables30To59DaysPastDueMember cvbf:LoansExcludingPurchasedCreditImpairedLoansMember 2019-06-30 0000354647 cvbf:ConstructionSpeculativeMember us-gaap:FinancingReceivables60To89DaysPastDueMember cvbf:LoansExcludingPurchasedCreditImpairedLoansMember 2019-06-30 0000354647 cvbf:ConstructionSpeculativeMember cvbf:LoansExcludingPurchasedCreditImpairedLoansMember 2019-06-30 0000354647 cvbf:ConstructionNonSpeculativeMember us-gaap:FinancingReceivables30To59DaysPastDueMember cvbf:LoansExcludingPurchasedCreditImpairedLoansMember 2019-06-30 0000354647 cvbf:ConstructionNonSpeculativeMember us-gaap:FinancingReceivables60To89DaysPastDueMember cvbf:LoansExcludingPurchasedCreditImpairedLoansMember 2019-06-30 0000354647 cvbf:ConstructionNonSpeculativeMember cvbf:LoansExcludingPurchasedCreditImpairedLoansMember 2019-06-30 0000354647 us-gaap:ResidentialRealEstateMember us-gaap:FinancingReceivables30To59DaysPastDueMember cvbf:LoansExcludingPurchasedCreditImpairedLoansMember 2019-06-30 0000354647 us-gaap:ResidentialRealEstateMember us-gaap:FinancingReceivables60To89DaysPastDueMember cvbf:LoansExcludingPurchasedCreditImpairedLoansMember 2019-06-30 0000354647 us-gaap:ResidentialRealEstateMember cvbf:LoansExcludingPurchasedCreditImpairedLoansMember 2019-06-30 0000354647 cvbf:DairyLivestockAndAgribusinessMember us-gaap:FinancingReceivables30To59DaysPastDueMember cvbf:LoansExcludingPurchasedCreditImpairedLoansMember 2019-06-30 0000354647 cvbf:DairyLivestockAndAgribusinessMember us-gaap:FinancingReceivables60To89DaysPastDueMember cvbf:LoansExcludingPurchasedCreditImpairedLoansMember 2019-06-30 0000354647 cvbf:DairyLivestockAndAgribusinessMember cvbf:LoansExcludingPurchasedCreditImpairedLoansMember 2019-06-30 0000354647 cvbf:MunicipalLeaseFinanceReceivablesMember us-gaap:FinancingReceivables30To59DaysPastDueMember cvbf:LoansExcludingPurchasedCreditImpairedLoansMember 2019-06-30 0000354647 cvbf:MunicipalLeaseFinanceReceivablesMember us-gaap:FinancingReceivables60To89DaysPastDueMember cvbf:LoansExcludingPurchasedCreditImpairedLoansMember 2019-06-30 0000354647 cvbf:MunicipalLeaseFinanceReceivablesMember cvbf:LoansExcludingPurchasedCreditImpairedLoansMember 2019-06-30 0000354647 cvbf:ConsumerAndOtherLoansMember us-gaap:FinancingReceivables30To59DaysPastDueMember cvbf:LoansExcludingPurchasedCreditImpairedLoansMember 2019-06-30 0000354647 cvbf:ConsumerAndOtherLoansMember us-gaap:FinancingReceivables60To89DaysPastDueMember cvbf:LoansExcludingPurchasedCreditImpairedLoansMember 2019-06-30 0000354647 cvbf:ConsumerAndOtherLoansMember cvbf:LoansExcludingPurchasedCreditImpairedLoansMember 2019-06-30 0000354647 cvbf:LoansExcludingPurchasedCreditImpairedLoansMember us-gaap:FinancingReceivables30To59DaysPastDueMember 2019-06-30 0000354647 cvbf:LoansExcludingPurchasedCreditImpairedLoansMember us-gaap:FinancingReceivables60To89DaysPastDueMember 2019-06-30 0000354647 us-gaap:FairValueMeasurementsRecurringMember us-gaap:ResidentialMortgageBackedSecuritiesMember us-gaap:FairValueInputsLevel1Member 2019-06-30 0000354647 us-gaap:FairValueMeasurementsRecurringMember us-gaap:ResidentialMortgageBackedSecuritiesMember us-gaap:FairValueInputsLevel3Member 2019-06-30 0000354647 us-gaap:FairValueMeasurementsRecurringMember us-gaap:CollateralizedMortgageObligationsMember us-gaap:FairValueInputsLevel1Member 2019-06-30 0000354647 us-gaap:FairValueMeasurementsRecurringMember us-gaap:CollateralizedMortgageObligationsMember us-gaap:FairValueInputsLevel3Member 2019-06-30 0000354647 us-gaap:FairValueMeasurementsRecurringMember us-gaap:USStatesAndPoliticalSubdivisionsMember us-gaap:FairValueInputsLevel1Member 2019-06-30 0000354647 us-gaap:FairValueMeasurementsRecurringMember us-gaap:USStatesAndPoliticalSubdivisionsMember us-gaap:FairValueInputsLevel3Member 2019-06-30 0000354647 us-gaap:FairValueMeasurementsRecurringMember us-gaap:OtherDebtSecuritiesMember us-gaap:FairValueInputsLevel1Member 2019-06-30 0000354647 us-gaap:FairValueMeasurementsRecurringMember us-gaap:OtherDebtSecuritiesMember us-gaap:FairValueInputsLevel3Member 2019-06-30 0000354647 us-gaap:FairValueMeasurementsRecurringMember cvbf:InvestmentSecuritiesMember us-gaap:FairValueInputsLevel1Member 2019-06-30 0000354647 us-gaap:FairValueMeasurementsRecurringMember cvbf:InvestmentSecuritiesMember us-gaap:FairValueInputsLevel3Member 2019-06-30 0000354647 us-gaap:FairValueInputsLevel2Member us-gaap:ResidentialMortgageBackedSecuritiesMember us-gaap:FairValueMeasurementsRecurringMember 2019-06-30 0000354647 us-gaap:FairValueInputsLevel2Member us-gaap:CollateralizedMortgageObligationsMember us-gaap:FairValueMeasurementsRecurringMember 2019-06-30 0000354647 us-gaap:FairValueInputsLevel2Member us-gaap:USStatesAndPoliticalSubdivisionsMember us-gaap:FairValueMeasurementsRecurringMember 2019-06-30 0000354647 us-gaap:FairValueInputsLevel2Member us-gaap:OtherDebtSecuritiesMember us-gaap:FairValueMeasurementsRecurringMember 2019-06-30 0000354647 us-gaap:FairValueInputsLevel2Member cvbf:InvestmentSecuritiesMember us-gaap:FairValueMeasurementsRecurringMember 2019-06-30 0000354647 us-gaap:FairValueMeasurementsRecurringMember us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:ResidentialMortgageBackedSecuritiesMember 2019-06-30 0000354647 us-gaap:FairValueMeasurementsRecurringMember us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:CollateralizedMortgageObligationsMember 2019-06-30 0000354647 us-gaap:FairValueMeasurementsRecurringMember us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:USStatesAndPoliticalSubdivisionsMember 2019-06-30 0000354647 us-gaap:FairValueMeasurementsRecurringMember us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:OtherDebtSecuritiesMember 2019-06-30 0000354647 us-gaap:FairValueMeasurementsRecurringMember us-gaap:CarryingReportedAmountFairValueDisclosureMember cvbf:InvestmentSecuritiesMember 2019-06-30 0000354647 cvbf:InterestRateSwapAgreementsWithCustomersMember 2019-06-30 0000354647 cvbf:LoansExcludingPurchasedCreditImpairedLoansMember cvbf:SecuredByFarmLandMember cvbf:SecuredByDairyAndLiveStockLandMember us-gaap:RealEstateLoanMember 2019-06-30 0000354647 cvbf:LoansExcludingPurchasedCreditImpairedLoansMember cvbf:SecuredByFarmLandMember cvbf:SecuredByAgriculturalLandMember us-gaap:RealEstateLoanMember 2019-06-30 0000354647 cvbf:CommunityBankMember 2019-06-30 0000354647 us-gaap:OtherAssetsMember us-gaap:NondesignatedMember us-gaap:InterestRateSwapMember 2019-06-30 0000354647 us-gaap:OtherAssetsMember us-gaap:NondesignatedMember 2019-06-30 0000354647 us-gaap:FairValueMeasurementsRecurringMember us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:InterestRateSwapMember 2019-06-30 0000354647 us-gaap:FairValueInputsLevel2Member us-gaap:InterestRateSwapMember us-gaap:FairValueMeasurementsRecurringMember 2019-06-30 0000354647 us-gaap:FairValueMeasurementsRecurringMember us-gaap:InterestRateSwapMember us-gaap:FairValueInputsLevel1Member 2019-06-30 0000354647 us-gaap:FairValueMeasurementsRecurringMember us-gaap:InterestRateSwapMember us-gaap:FairValueInputsLevel3Member 2019-06-30 0000354647 us-gaap:CarryingReportedAmountFairValueDisclosureMember 2019-06-30 0000354647 us-gaap:FairValueInputsLevel1Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2019-06-30 0000354647 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueInputsLevel2Member 2019-06-30 0000354647 us-gaap:FairValueInputsLevel3Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2019-06-30 0000354647 us-gaap:EstimateOfFairValueFairValueDisclosureMember 2019-06-30 0000354647 us-gaap:FinancingReceivables30To59DaysPastDueMember 2019-06-30 0000354647 us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember 2019-06-30 0000354647 us-gaap:FinancingReceivables60To89DaysPastDueMember 2019-06-30 0000354647 cvbf:LoansExcludingPurchasedCreditImpairedLoansMember cvbf:DairyAndLivestockLoansMember 2019-06-30 0000354647 cvbf:LoansExcludingPurchasedCreditImpairedLoansMember cvbf:AgribusinessMember 2019-06-30 0000354647 us-gaap:FairValueMeasurementsNonrecurringMember us-gaap:CarryingReportedAmountFairValueDisclosureMember cvbf:CommercialAndIndustrialLoansMember 2019-06-30 0000354647 us-gaap:FairValueMeasurementsNonrecurringMember us-gaap:FairValueInputsLevel1Member cvbf:CommercialAndIndustrialLoansMember 2019-06-30 0000354647 us-gaap:FairValueMeasurementsNonrecurringMember us-gaap:FairValueInputsLevel2Member cvbf:CommercialAndIndustrialLoansMember 2019-06-30 0000354647 us-gaap:FairValueMeasurementsNonrecurringMember us-gaap:FairValueInputsLevel3Member cvbf:CommercialAndIndustrialLoansMember 2019-06-30 0000354647 us-gaap:FairValueMeasurementsNonrecurringMember cvbf:CommercialAndIndustrialLoansMember 2019-06-30 0000354647 us-gaap:FairValueMeasurementsNonrecurringMember us-gaap:CarryingReportedAmountFairValueDisclosureMember cvbf:SmallBusinessAdministrationLoansMember 2019-06-30 0000354647 us-gaap:FairValueMeasurementsNonrecurringMember us-gaap:FairValueInputsLevel1Member cvbf:SmallBusinessAdministrationLoansMember 2019-06-30 0000354647 us-gaap:FairValueMeasurementsNonrecurringMember us-gaap:FairValueInputsLevel2Member cvbf:SmallBusinessAdministrationLoansMember 2019-06-30 0000354647 us-gaap:FairValueMeasurementsNonrecurringMember us-gaap:FairValueInputsLevel3Member cvbf:SmallBusinessAdministrationLoansMember 2019-06-30 0000354647 us-gaap:FairValueMeasurementsNonrecurringMember cvbf:SmallBusinessAdministrationLoansMember 2019-06-30 0000354647 us-gaap:FairValueMeasurementsNonrecurringMember us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:CommercialRealEstateMember 2019-06-30 0000354647 us-gaap:FairValueMeasurementsNonrecurringMember us-gaap:FairValueInputsLevel1Member us-gaap:CommercialRealEstateMember 2019-06-30 0000354647 us-gaap:FairValueMeasurementsNonrecurringMember us-gaap:FairValueInputsLevel2Member us-gaap:CommercialRealEstateMember 2019-06-30 0000354647 us-gaap:FairValueMeasurementsNonrecurringMember us-gaap:FairValueInputsLevel3Member us-gaap:CommercialRealEstateMember 2019-06-30 0000354647 us-gaap:FairValueMeasurementsNonrecurringMember us-gaap:CommercialRealEstateMember 2019-06-30 0000354647 us-gaap:FairValueMeasurementsNonrecurringMember us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:ConstructionLoansMember 2019-06-30 0000354647 us-gaap:FairValueMeasurementsNonrecurringMember us-gaap:FairValueInputsLevel1Member us-gaap:ConstructionLoansMember 2019-06-30 0000354647 us-gaap:FairValueMeasurementsNonrecurringMember us-gaap:FairValueInputsLevel2Member us-gaap:ConstructionLoansMember 2019-06-30 0000354647 us-gaap:FairValueMeasurementsNonrecurringMember us-gaap:FairValueInputsLevel3Member us-gaap:ConstructionLoansMember 2019-06-30 0000354647 us-gaap:FairValueMeasurementsNonrecurringMember us-gaap:ConstructionLoansMember 2019-06-30 0000354647 us-gaap:FairValueMeasurementsNonrecurringMember us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:ResidentialRealEstateMember 2019-06-30 0000354647 us-gaap:FairValueMeasurementsNonrecurringMember us-gaap:FairValueInputsLevel1Member us-gaap:ResidentialRealEstateMember 2019-06-30 0000354647 us-gaap:FairValueMeasurementsNonrecurringMember us-gaap:FairValueInputsLevel2Member us-gaap:ResidentialRealEstateMember 2019-06-30 0000354647 us-gaap:FairValueMeasurementsNonrecurringMember us-gaap:FairValueInputsLevel3Member us-gaap:ResidentialRealEstateMember 2019-06-30 0000354647 us-gaap:FairValueMeasurementsNonrecurringMember us-gaap:ResidentialRealEstateMember 2019-06-30 0000354647 us-gaap:FairValueMeasurementsNonrecurringMember us-gaap:CarryingReportedAmountFairValueDisclosureMember cvbf:DairyLivestockAndAgribusinessMember 2019-06-30 0000354647 us-gaap:FairValueMeasurementsNonrecurringMember us-gaap:FairValueInputsLevel1Member cvbf:DairyLivestockAndAgribusinessMember 2019-06-30 0000354647 us-gaap:FairValueMeasurementsNonrecurringMember us-gaap:FairValueInputsLevel2Member cvbf:DairyLivestockAndAgribusinessMember 2019-06-30 0000354647 us-gaap:FairValueMeasurementsNonrecurringMember us-gaap:FairValueInputsLevel3Member cvbf:DairyLivestockAndAgribusinessMember 2019-06-30 0000354647 us-gaap:FairValueMeasurementsNonrecurringMember cvbf:DairyLivestockAndAgribusinessMember 2019-06-30 0000354647 us-gaap:FairValueMeasurementsNonrecurringMember us-gaap:CarryingReportedAmountFairValueDisclosureMember cvbf:ConsumerAndOtherLoansMember 2019-06-30 0000354647 us-gaap:FairValueMeasurementsNonrecurringMember us-gaap:FairValueInputsLevel1Member cvbf:ConsumerAndOtherLoansMember 2019-06-30 0000354647 us-gaap:FairValueMeasurementsNonrecurringMember us-gaap:FairValueInputsLevel2Member cvbf:ConsumerAndOtherLoansMember 2019-06-30 0000354647 us-gaap:FairValueMeasurementsNonrecurringMember us-gaap:FairValueInputsLevel3Member cvbf:ConsumerAndOtherLoansMember 2019-06-30 0000354647 us-gaap:FairValueMeasurementsNonrecurringMember cvbf:ConsumerAndOtherLoansMember 2019-06-30 0000354647 us-gaap:FairValueMeasurementsNonrecurringMember us-gaap:CarryingReportedAmountFairValueDisclosureMember cvbf:OtherRealEstateOwnedMember 2019-06-30 0000354647 us-gaap:FairValueMeasurementsNonrecurringMember us-gaap:FairValueInputsLevel1Member cvbf:OtherRealEstateOwnedMember 2019-06-30 0000354647 us-gaap:FairValueMeasurementsNonrecurringMember us-gaap:FairValueInputsLevel2Member cvbf:OtherRealEstateOwnedMember 2019-06-30 0000354647 us-gaap:FairValueMeasurementsNonrecurringMember us-gaap:FairValueInputsLevel3Member cvbf:OtherRealEstateOwnedMember 2019-06-30 0000354647 us-gaap:FairValueMeasurementsNonrecurringMember cvbf:OtherRealEstateOwnedMember 2019-06-30 0000354647 us-gaap:FairValueMeasurementsNonrecurringMember us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:DisposalGroupHeldforsaleNotDiscontinuedOperationsMember 2019-06-30 0000354647 us-gaap:FairValueMeasurementsNonrecurringMember us-gaap:FairValueInputsLevel1Member us-gaap:DisposalGroupHeldforsaleNotDiscontinuedOperationsMember 2019-06-30 0000354647 us-gaap:FairValueMeasurementsNonrecurringMember us-gaap:FairValueInputsLevel2Member us-gaap:DisposalGroupHeldforsaleNotDiscontinuedOperationsMember 2019-06-30 0000354647 us-gaap:FairValueMeasurementsNonrecurringMember us-gaap:FairValueInputsLevel3Member us-gaap:DisposalGroupHeldforsaleNotDiscontinuedOperationsMember 2019-06-30 0000354647 us-gaap:FairValueMeasurementsNonrecurringMember us-gaap:DisposalGroupHeldforsaleNotDiscontinuedOperationsMember 2019-06-30 0000354647 us-gaap:FairValueMeasurementsNonrecurringMember us-gaap:CarryingReportedAmountFairValueDisclosureMember 2019-06-30 0000354647 us-gaap:FairValueMeasurementsNonrecurringMember us-gaap:FairValueInputsLevel1Member 2019-06-30 0000354647 us-gaap:FairValueMeasurementsNonrecurringMember us-gaap:FairValueInputsLevel2Member 2019-06-30 0000354647 us-gaap:FairValueMeasurementsNonrecurringMember us-gaap:FairValueInputsLevel3Member 2019-06-30 0000354647 us-gaap:FairValueMeasurementsNonrecurringMember 2019-06-30 0000354647 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel1Member 2019-06-30 0000354647 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel3Member 2019-06-30 0000354647 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2019-06-30 0000354647 us-gaap:FairValueMeasurementsRecurringMember us-gaap:CarryingReportedAmountFairValueDisclosureMember 2019-06-30 0000354647 us-gaap:OtherLiabilitiesMember us-gaap:NondesignatedMember 2019-06-30 0000354647 us-gaap:OtherLiabilitiesMember us-gaap:NondesignatedMember us-gaap:InterestRateSwapMember 2019-06-30 0000354647 us-gaap:NondesignatedMember us-gaap:InterestRateSwapMember 2019-06-30 0000354647 us-gaap:InterestRateSwapMember 2019-06-30 0000354647 us-gaap:ResidentialMortgageBackedSecuritiesMember 2019-06-30 0000354647 us-gaap:CollateralizedMortgageObligationsMember 2019-06-30 0000354647 us-gaap:USStatesAndPoliticalSubdivisionsMember 2019-06-30 0000354647 us-gaap:OtherDebtSecuritiesMember 2019-06-30 0000354647 us-gaap:PerformingFinancingReceivableMember 2019-06-30 0000354647 us-gaap:NonperformingFinancingReceivableMember 2019-06-30 0000354647 cvbf:ImpairedLoansModifiedInTroubledDebtRestructureMember 2019-06-30 0000354647 us-gaap:ResidentialPortfolioSegmentMember 2019-06-30 0000354647 cvbf:SingleFamilyResidentialLoanMember 2019-06-30 0000354647 cvbf:NonaccrualSmallBusinessAdministrationLoansMember 2019-06-30 0000354647 us-gaap:CommercialRealEstateMember 2019-06-30 0000354647 us-gaap:PerformingFinancingReceivableMember cvbf:ImpairedLoansModifiedInTroubledDebtRestructureMember 2019-06-30 0000354647 us-gaap:PerformingFinancingReceivableMember cvbf:SingleFamilyResidentialLoanMember 2019-06-30 0000354647 us-gaap:PerformingFinancingReceivableMember us-gaap:RealEstateLoanMember 2019-06-30 0000354647 us-gaap:PerformingFinancingReceivableMember cvbf:SmallBusinessAdministrationLoansMember 2019-06-30 0000354647 us-gaap:PerformingFinancingReceivableMember cvbf:CommercialAndIndustrialLoansMember 2019-06-30 0000354647 cvbf:CommercialAndIndustrialLoansMember 2019-06-30 0000354647 cvbf:SmallBusinessAdministrationLoansMember 2019-06-30 0000354647 cvbf:RealEstateConstructionMember 2019-06-30 0000354647 us-gaap:ResidentialRealEstateMember 2019-06-30 0000354647 cvbf:DairyLivestockAndAgribusinessMember 2019-06-30 0000354647 cvbf:MunicipalLeaseFinanceReceivablesMember 2019-06-30 0000354647 cvbf:ConsumerAndOtherLoansMember 2019-06-30 0000354647 us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember 2019-06-30 0000354647 us-gaap:USGovernmentAgenciesDebtSecuritiesMember 2019-06-30 0000354647 cvbf:CommercialRealEstateOwnerOccupiedMember 2019-06-30 0000354647 cvbf:CommercialRealEstateNonOwnerOccupiedMember 2019-06-30 0000354647 cvbf:ConstructionSpeculativeMember 2019-06-30 0000354647 cvbf:ConstructionNonSpeculativeMember 2019-06-30 0000354647 cvbf:LoansExcludingPurchasedCreditImpairedLoansMember cvbf:SecuredByFarmLandMember us-gaap:RealEstateLoanMember 2018-12-31 0000354647 us-gaap:PassMember cvbf:LoansExcludingPurchasedCreditImpairedLoansMember 2018-12-31 0000354647 us-gaap:SpecialMentionMember cvbf:LoansExcludingPurchasedCreditImpairedLoansMember 2018-12-31 0000354647 us-gaap:SubstandardMember cvbf:LoansExcludingPurchasedCreditImpairedLoansMember 2018-12-31 0000354647 us-gaap:DoubtfulMember cvbf:LoansExcludingPurchasedCreditImpairedLoansMember 2018-12-31 0000354647 cvbf:LoansExcludingPurchasedCreditImpairedLoansMember 2018-12-31 0000354647 cvbf:CommercialAndIndustrialLoansMember us-gaap:FinancingReceivables30To59DaysPastDueMember cvbf:LoansExcludingPurchasedCreditImpairedLoansMember 2018-12-31 0000354647 cvbf:CommercialAndIndustrialLoansMember us-gaap:FinancingReceivables60To89DaysPastDueMember cvbf:LoansExcludingPurchasedCreditImpairedLoansMember 2018-12-31 0000354647 cvbf:CommercialAndIndustrialLoansMember cvbf:LoansExcludingPurchasedCreditImpairedLoansMember 2018-12-31 0000354647 cvbf:SmallBusinessAdministrationLoansMember us-gaap:FinancingReceivables30To59DaysPastDueMember cvbf:LoansExcludingPurchasedCreditImpairedLoansMember 2018-12-31 0000354647 cvbf:SmallBusinessAdministrationLoansMember us-gaap:FinancingReceivables60To89DaysPastDueMember cvbf:LoansExcludingPurchasedCreditImpairedLoansMember 2018-12-31 0000354647 cvbf:SmallBusinessAdministrationLoansMember cvbf:LoansExcludingPurchasedCreditImpairedLoansMember 2018-12-31 0000354647 cvbf:CommercialRealEstateOwnerOccupiedMember us-gaap:FinancingReceivables30To59DaysPastDueMember cvbf:LoansExcludingPurchasedCreditImpairedLoansMember 2018-12-31 0000354647 cvbf:CommercialRealEstateOwnerOccupiedMember us-gaap:FinancingReceivables60To89DaysPastDueMember cvbf:LoansExcludingPurchasedCreditImpairedLoansMember 2018-12-31 0000354647 cvbf:CommercialRealEstateOwnerOccupiedMember cvbf:LoansExcludingPurchasedCreditImpairedLoansMember 2018-12-31 0000354647 cvbf:CommercialRealEstateNonOwnerOccupiedMember us-gaap:FinancingReceivables30To59DaysPastDueMember cvbf:LoansExcludingPurchasedCreditImpairedLoansMember 2018-12-31 0000354647 cvbf:CommercialRealEstateNonOwnerOccupiedMember us-gaap:FinancingReceivables60To89DaysPastDueMember cvbf:LoansExcludingPurchasedCreditImpairedLoansMember 2018-12-31 0000354647 cvbf:CommercialRealEstateNonOwnerOccupiedMember cvbf:LoansExcludingPurchasedCreditImpairedLoansMember 2018-12-31 0000354647 cvbf:ConstructionSpeculativeMember us-gaap:FinancingReceivables30To59DaysPastDueMember cvbf:LoansExcludingPurchasedCreditImpairedLoansMember 2018-12-31 0000354647 cvbf:ConstructionSpeculativeMember us-gaap:FinancingReceivables60To89DaysPastDueMember cvbf:LoansExcludingPurchasedCreditImpairedLoansMember 2018-12-31 0000354647 cvbf:ConstructionSpeculativeMember cvbf:LoansExcludingPurchasedCreditImpairedLoansMember 2018-12-31 0000354647 cvbf:ConstructionNonSpeculativeMember us-gaap:FinancingReceivables30To59DaysPastDueMember cvbf:LoansExcludingPurchasedCreditImpairedLoansMember 2018-12-31 0000354647 cvbf:ConstructionNonSpeculativeMember us-gaap:FinancingReceivables60To89DaysPastDueMember cvbf:LoansExcludingPurchasedCreditImpairedLoansMember 2018-12-31 0000354647 cvbf:ConstructionNonSpeculativeMember cvbf:LoansExcludingPurchasedCreditImpairedLoansMember 2018-12-31 0000354647 us-gaap:ResidentialRealEstateMember us-gaap:FinancingReceivables30To59DaysPastDueMember cvbf:LoansExcludingPurchasedCreditImpairedLoansMember 2018-12-31 0000354647 us-gaap:ResidentialRealEstateMember us-gaap:FinancingReceivables60To89DaysPastDueMember cvbf:LoansExcludingPurchasedCreditImpairedLoansMember 2018-12-31 0000354647 us-gaap:ResidentialRealEstateMember cvbf:LoansExcludingPurchasedCreditImpairedLoansMember 2018-12-31 0000354647 cvbf:DairyLivestockAndAgribusinessMember us-gaap:FinancingReceivables30To59DaysPastDueMember cvbf:LoansExcludingPurchasedCreditImpairedLoansMember 2018-12-31 0000354647 cvbf:DairyLivestockAndAgribusinessMember us-gaap:FinancingReceivables60To89DaysPastDueMember cvbf:LoansExcludingPurchasedCreditImpairedLoansMember 2018-12-31 0000354647 cvbf:DairyLivestockAndAgribusinessMember cvbf:LoansExcludingPurchasedCreditImpairedLoansMember 2018-12-31 0000354647 cvbf:MunicipalLeaseFinanceReceivablesMember us-gaap:FinancingReceivables30To59DaysPastDueMember cvbf:LoansExcludingPurchasedCreditImpairedLoansMember 2018-12-31 0000354647 cvbf:MunicipalLeaseFinanceReceivablesMember us-gaap:FinancingReceivables60To89DaysPastDueMember cvbf:LoansExcludingPurchasedCreditImpairedLoansMember 2018-12-31 0000354647 cvbf:MunicipalLeaseFinanceReceivablesMember cvbf:LoansExcludingPurchasedCreditImpairedLoansMember 2018-12-31 0000354647 cvbf:ConsumerAndOtherLoansMember us-gaap:FinancingReceivables30To59DaysPastDueMember cvbf:LoansExcludingPurchasedCreditImpairedLoansMember 2018-12-31 0000354647 cvbf:ConsumerAndOtherLoansMember us-gaap:FinancingReceivables60To89DaysPastDueMember cvbf:LoansExcludingPurchasedCreditImpairedLoansMember 2018-12-31 0000354647 cvbf:ConsumerAndOtherLoansMember cvbf:LoansExcludingPurchasedCreditImpairedLoansMember 2018-12-31 0000354647 us-gaap:FinancingReceivables30To59DaysPastDueMember cvbf:LoansExcludingPurchasedCreditImpairedLoansMember 2018-12-31 0000354647 us-gaap:FinancingReceivables60To89DaysPastDueMember cvbf:LoansExcludingPurchasedCreditImpairedLoansMember 2018-12-31 0000354647 us-gaap:FairValueMeasurementsRecurringMember us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:ResidentialMortgageBackedSecuritiesMember 2018-12-31 0000354647 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel1Member us-gaap:ResidentialMortgageBackedSecuritiesMember 2018-12-31 0000354647 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel2Member us-gaap:ResidentialMortgageBackedSecuritiesMember 2018-12-31 0000354647 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel3Member us-gaap:ResidentialMortgageBackedSecuritiesMember 2018-12-31 0000354647 us-gaap:FairValueMeasurementsRecurringMember us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:CollateralizedMortgageObligationsMember 2018-12-31 0000354647 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel1Member us-gaap:CollateralizedMortgageObligationsMember 2018-12-31 0000354647 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel2Member us-gaap:CollateralizedMortgageObligationsMember 2018-12-31 0000354647 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel3Member us-gaap:CollateralizedMortgageObligationsMember 2018-12-31 0000354647 us-gaap:FairValueMeasurementsRecurringMember us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:USStatesAndPoliticalSubdivisionsMember 2018-12-31 0000354647 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel1Member us-gaap:USStatesAndPoliticalSubdivisionsMember 2018-12-31 0000354647 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel2Member us-gaap:USStatesAndPoliticalSubdivisionsMember 2018-12-31 0000354647 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel3Member us-gaap:USStatesAndPoliticalSubdivisionsMember 2018-12-31 0000354647 us-gaap:FairValueMeasurementsRecurringMember us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:OtherDebtSecuritiesMember 2018-12-31 0000354647 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel1Member us-gaap:OtherDebtSecuritiesMember 2018-12-31 0000354647 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel2Member us-gaap:OtherDebtSecuritiesMember 2018-12-31 0000354647 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel3Member us-gaap:OtherDebtSecuritiesMember 2018-12-31 0000354647 us-gaap:FairValueMeasurementsRecurringMember us-gaap:CarryingReportedAmountFairValueDisclosureMember cvbf:InvestmentSecuritiesMember 2018-12-31 0000354647 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel1Member cvbf:InvestmentSecuritiesMember 2018-12-31 0000354647 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel2Member cvbf:InvestmentSecuritiesMember 2018-12-31 0000354647 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel3Member cvbf:InvestmentSecuritiesMember 2018-12-31 0000354647 cvbf:LoansExcludingPurchasedCreditImpairedLoansMember cvbf:SecuredByFarmLandMember cvbf:SecuredByDairyAndLiveStockLandMember us-gaap:RealEstateLoanMember 2018-12-31 0000354647 cvbf:LoansExcludingPurchasedCreditImpairedLoansMember cvbf:SecuredByFarmLandMember cvbf:SecuredByAgriculturalLandMember us-gaap:RealEstateLoanMember 2018-12-31 0000354647 us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember 2018-12-31 0000354647 us-gaap:OtherAssetsMember us-gaap:InterestRateSwapMember us-gaap:NondesignatedMember 2018-12-31 0000354647 us-gaap:NondesignatedMember us-gaap:OtherAssetsMember 2018-12-31 0000354647 us-gaap:FairValueMeasurementsRecurringMember us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:InterestRateSwapMember 2018-12-31 0000354647 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel1Member us-gaap:InterestRateSwapMember 2018-12-31 0000354647 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel2Member us-gaap:InterestRateSwapMember 2018-12-31 0000354647 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel3Member us-gaap:InterestRateSwapMember 2018-12-31 0000354647 us-gaap:CarryingReportedAmountFairValueDisclosureMember 2018-12-31 0000354647 us-gaap:FairValueInputsLevel1Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2018-12-31 0000354647 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueInputsLevel2Member 2018-12-31 0000354647 us-gaap:FairValueInputsLevel3Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2018-12-31 0000354647 us-gaap:EstimateOfFairValueFairValueDisclosureMember 2018-12-31 0000354647 us-gaap:FinancingReceivables30To59DaysPastDueMember 2018-12-31 0000354647 us-gaap:FinancingReceivables60To89DaysPastDueMember 2018-12-31 0000354647 us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember 2018-12-31 0000354647 cvbf:LoansExcludingPurchasedCreditImpairedLoansMember cvbf:DairyAndLivestockLoansMember 2018-12-31 0000354647 cvbf:LoansExcludingPurchasedCreditImpairedLoansMember cvbf:AgribusinessMember 2018-12-31 0000354647 us-gaap:FairValueMeasurementsNonrecurringMember us-gaap:FairValueInputsLevel3Member cvbf:LoansExcludingPurchasedCreditImpairedLoansMember cvbf:CommercialAndIndustrialLoansMember 2018-12-31 0000354647 us-gaap:FairValueMeasurementsNonrecurringMember cvbf:CommercialAndIndustrialLoansMember cvbf:LoansExcludingPurchasedCreditImpairedLoansMember 2018-12-31 0000354647 us-gaap:FairValueMeasurementsNonrecurringMember us-gaap:CarryingReportedAmountFairValueDisclosureMember cvbf:LoansExcludingPurchasedCreditImpairedLoansMember us-gaap:CommercialRealEstateMember 2018-12-31 0000354647 us-gaap:FairValueMeasurementsNonrecurringMember us-gaap:FairValueInputsLevel3Member cvbf:LoansExcludingPurchasedCreditImpairedLoansMember us-gaap:CommercialRealEstateMember 2018-12-31 0000354647 us-gaap:FairValueMeasurementsNonrecurringMember cvbf:LoansExcludingPurchasedCreditImpairedLoansMember us-gaap:CommercialRealEstateMember 2018-12-31 0000354647 us-gaap:FairValueMeasurementsNonrecurringMember us-gaap:CarryingReportedAmountFairValueDisclosureMember cvbf:LoansExcludingPurchasedCreditImpairedLoansMember cvbf:DairyLivestockAndAgribusinessMember 2018-12-31 0000354647 us-gaap:FairValueMeasurementsNonrecurringMember us-gaap:FairValueInputsLevel3Member cvbf:LoansExcludingPurchasedCreditImpairedLoansMember cvbf:DairyLivestockAndAgribusinessMember 2018-12-31 0000354647 us-gaap:FairValueMeasurementsNonrecurringMember cvbf:LoansExcludingPurchasedCreditImpairedLoansMember cvbf:DairyLivestockAndAgribusinessMember 2018-12-31 0000354647 cvbf:ConsumerAndOtherLoansMember cvbf:LoansExcludingPurchasedCreditImpairedLoansMember us-gaap:FairValueMeasurementsNonrecurringMember us-gaap:CarryingReportedAmountFairValueDisclosureMember 2018-12-31 0000354647 cvbf:ConsumerAndOtherLoansMember cvbf:LoansExcludingPurchasedCreditImpairedLoansMember us-gaap:FairValueMeasurementsNonrecurringMember us-gaap:FairValueInputsLevel3Member 2018-12-31 0000354647 cvbf:ConsumerAndOtherLoansMember cvbf:LoansExcludingPurchasedCreditImpairedLoansMember us-gaap:FairValueMeasurementsNonrecurringMember 2018-12-31 0000354647 us-gaap:FairValueMeasurementsNonrecurringMember cvbf:LoansExcludingPurchasedCreditImpairedLoansMember us-gaap:CarryingReportedAmountFairValueDisclosureMember 2018-12-31 0000354647 us-gaap:FairValueMeasurementsNonrecurringMember cvbf:LoansExcludingPurchasedCreditImpairedLoansMember us-gaap:FairValueInputsLevel3Member 2018-12-31 0000354647 us-gaap:FairValueMeasurementsNonrecurringMember cvbf:LoansExcludingPurchasedCreditImpairedLoansMember 2018-12-31 0000354647 us-gaap:FairValueMeasurementsNonrecurringMember us-gaap:CarryingReportedAmountFairValueDisclosureMember cvbf:LoansExcludingPurchasedCreditImpairedLoansMember cvbf:CommercialAndIndustrialLoansMember 2018-12-31 0000354647 cvbf:CommercialAndIndustrialLoansMember us-gaap:FairValueInputsLevel1Member cvbf:LoansExcludingPurchasedCreditImpairedLoansMember us-gaap:FairValueMeasurementsNonrecurringMember 2018-12-31 0000354647 cvbf:CommercialAndIndustrialLoansMember us-gaap:FairValueInputsLevel2Member cvbf:LoansExcludingPurchasedCreditImpairedLoansMember us-gaap:FairValueMeasurementsNonrecurringMember 2018-12-31 0000354647 us-gaap:FairValueMeasurementsNonrecurringMember cvbf:LoansExcludingPurchasedCreditImpairedLoansMember us-gaap:CarryingReportedAmountFairValueDisclosureMember cvbf:SmallBusinessAdministrationLoansMember 2018-12-31 0000354647 cvbf:SmallBusinessAdministrationLoansMember us-gaap:FairValueInputsLevel1Member cvbf:LoansExcludingPurchasedCreditImpairedLoansMember us-gaap:FairValueMeasurementsNonrecurringMember 2018-12-31 0000354647 cvbf:SmallBusinessAdministrationLoansMember us-gaap:FairValueInputsLevel2Member cvbf:LoansExcludingPurchasedCreditImpairedLoansMember us-gaap:FairValueMeasurementsNonrecurringMember 2018-12-31 0000354647 cvbf:SmallBusinessAdministrationLoansMember us-gaap:FairValueInputsLevel3Member cvbf:LoansExcludingPurchasedCreditImpairedLoansMember us-gaap:FairValueMeasurementsNonrecurringMember 2018-12-31 0000354647 cvbf:SmallBusinessAdministrationLoansMember cvbf:LoansExcludingPurchasedCreditImpairedLoansMember us-gaap:FairValueMeasurementsNonrecurringMember 2018-12-31 0000354647 us-gaap:CommercialRealEstateMember us-gaap:FairValueInputsLevel1Member cvbf:LoansExcludingPurchasedCreditImpairedLoansMember us-gaap:FairValueMeasurementsNonrecurringMember 2018-12-31 0000354647 us-gaap:CommercialRealEstateMember us-gaap:FairValueInputsLevel2Member cvbf:LoansExcludingPurchasedCreditImpairedLoansMember us-gaap:FairValueMeasurementsNonrecurringMember 2018-12-31 0000354647 us-gaap:FairValueMeasurementsNonrecurringMember cvbf:LoansExcludingPurchasedCreditImpairedLoansMember us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:ConstructionLoansMember 2018-12-31 0000354647 us-gaap:ConstructionLoansMember us-gaap:FairValueInputsLevel1Member cvbf:LoansExcludingPurchasedCreditImpairedLoansMember us-gaap:FairValueMeasurementsNonrecurringMember 2018-12-31 0000354647 us-gaap:ConstructionLoansMember us-gaap:FairValueInputsLevel2Member cvbf:LoansExcludingPurchasedCreditImpairedLoansMember us-gaap:FairValueMeasurementsNonrecurringMember 2018-12-31 0000354647 us-gaap:ConstructionLoansMember us-gaap:FairValueInputsLevel3Member cvbf:LoansExcludingPurchasedCreditImpairedLoansMember us-gaap:FairValueMeasurementsNonrecurringMember 2018-12-31 0000354647 us-gaap:ConstructionLoansMember cvbf:LoansExcludingPurchasedCreditImpairedLoansMember us-gaap:FairValueMeasurementsNonrecurringMember 2018-12-31 0000354647 us-gaap:FairValueMeasurementsNonrecurringMember cvbf:LoansExcludingPurchasedCreditImpairedLoansMember us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:ResidentialRealEstateMember 2018-12-31 0000354647 us-gaap:ResidentialRealEstateMember us-gaap:FairValueInputsLevel1Member cvbf:LoansExcludingPurchasedCreditImpairedLoansMember us-gaap:FairValueMeasurementsNonrecurringMember 2018-12-31 0000354647 us-gaap:ResidentialRealEstateMember us-gaap:FairValueInputsLevel2Member cvbf:LoansExcludingPurchasedCreditImpairedLoansMember us-gaap:FairValueMeasurementsNonrecurringMember 2018-12-31 0000354647 us-gaap:ResidentialRealEstateMember us-gaap:FairValueInputsLevel3Member cvbf:LoansExcludingPurchasedCreditImpairedLoansMember us-gaap:FairValueMeasurementsNonrecurringMember 2018-12-31 0000354647 us-gaap:ResidentialRealEstateMember cvbf:LoansExcludingPurchasedCreditImpairedLoansMember us-gaap:FairValueMeasurementsNonrecurringMember 2018-12-31 0000354647 cvbf:DairyLivestockAndAgribusinessMember us-gaap:FairValueInputsLevel1Member cvbf:LoansExcludingPurchasedCreditImpairedLoansMember us-gaap:FairValueMeasurementsNonrecurringMember 2018-12-31 0000354647 cvbf:DairyLivestockAndAgribusinessMember us-gaap:FairValueInputsLevel2Member cvbf:LoansExcludingPurchasedCreditImpairedLoansMember us-gaap:FairValueMeasurementsNonrecurringMember 2018-12-31 0000354647 cvbf:ConsumerAndOtherLoansMember us-gaap:FairValueInputsLevel1Member cvbf:LoansExcludingPurchasedCreditImpairedLoansMember us-gaap:FairValueMeasurementsNonrecurringMember 2018-12-31 0000354647 cvbf:ConsumerAndOtherLoansMember us-gaap:FairValueInputsLevel2Member cvbf:LoansExcludingPurchasedCreditImpairedLoansMember us-gaap:FairValueMeasurementsNonrecurringMember 2018-12-31 0000354647 us-gaap:FairValueMeasurementsNonrecurringMember us-gaap:CarryingReportedAmountFairValueDisclosureMember cvbf:OtherRealEstateOwnedMember 2018-12-31 0000354647 us-gaap:FairValueMeasurementsNonrecurringMember cvbf:OtherRealEstateOwnedMember us-gaap:FairValueInputsLevel1Member 2018-12-31 0000354647 us-gaap:FairValueMeasurementsNonrecurringMember cvbf:OtherRealEstateOwnedMember us-gaap:FairValueInputsLevel2Member 2018-12-31 0000354647 us-gaap:FairValueMeasurementsNonrecurringMember cvbf:OtherRealEstateOwnedMember us-gaap:FairValueInputsLevel3Member 2018-12-31 0000354647 us-gaap:FairValueMeasurementsNonrecurringMember cvbf:OtherRealEstateOwnedMember 2018-12-31 0000354647 us-gaap:FairValueMeasurementsNonrecurringMember us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:DisposalGroupHeldforsaleNotDiscontinuedOperationsMember cvbf:LoansExcludingPurchasedCreditImpairedLoansMember 2018-12-31 0000354647 us-gaap:FairValueMeasurementsNonrecurringMember us-gaap:DisposalGroupHeldforsaleNotDiscontinuedOperationsMember us-gaap:FairValueInputsLevel1Member cvbf:LoansExcludingPurchasedCreditImpairedLoansMember 2018-12-31 0000354647 us-gaap:FairValueMeasurementsNonrecurringMember us-gaap:DisposalGroupHeldforsaleNotDiscontinuedOperationsMember us-gaap:FairValueInputsLevel2Member cvbf:LoansExcludingPurchasedCreditImpairedLoansMember 2018-12-31 0000354647 us-gaap:FairValueMeasurementsNonrecurringMember us-gaap:DisposalGroupHeldforsaleNotDiscontinuedOperationsMember us-gaap:FairValueInputsLevel3Member cvbf:LoansExcludingPurchasedCreditImpairedLoansMember 2018-12-31 0000354647 us-gaap:FairValueMeasurementsNonrecurringMember us-gaap:DisposalGroupHeldforsaleNotDiscontinuedOperationsMember cvbf:LoansExcludingPurchasedCreditImpairedLoansMember 2018-12-31 0000354647 us-gaap:FairValueMeasurementsNonrecurringMember us-gaap:FairValueInputsLevel1Member 2018-12-31 0000354647 us-gaap:FairValueMeasurementsNonrecurringMember us-gaap:FairValueInputsLevel2Member 2018-12-31 0000354647 us-gaap:FairValueMeasurementsRecurringMember us-gaap:CarryingReportedAmountFairValueDisclosureMember 2018-12-31 0000354647 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel1Member 2018-12-31 0000354647 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel2Member 2018-12-31 0000354647 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel3Member 2018-12-31 0000354647 us-gaap:NondesignatedMember us-gaap:OtherLiabilitiesMember 2018-12-31 0000354647 us-gaap:OtherLiabilitiesMember us-gaap:InterestRateSwapMember us-gaap:NondesignatedMember 2018-12-31 0000354647 us-gaap:NondesignatedMember us-gaap:InterestRateSwapMember 2018-12-31 0000354647 us-gaap:InterestRateSwapMember 2018-12-31 0000354647 us-gaap:ResidentialMortgageBackedSecuritiesMember 2018-12-31 0000354647 us-gaap:CollateralizedMortgageObligationsMember 2018-12-31 0000354647 us-gaap:USStatesAndPoliticalSubdivisionsMember 2018-12-31 0000354647 us-gaap:OtherDebtSecuritiesMember 2018-12-31 0000354647 us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember 2018-12-31 0000354647 us-gaap:USGovernmentAgenciesDebtSecuritiesMember 2018-12-31 0000354647 cvbf:CommercialAndIndustrialLoansMember 2018-12-31 0000354647 cvbf:SmallBusinessAdministrationLoansMember 2018-12-31 0000354647 cvbf:CommercialRealEstateOwnerOccupiedMember 2018-12-31 0000354647 cvbf:CommercialRealEstateNonOwnerOccupiedMember 2018-12-31 0000354647 cvbf:ConstructionSpeculativeMember 2018-12-31 0000354647 cvbf:ConstructionNonSpeculativeMember 2018-12-31 0000354647 us-gaap:ResidentialRealEstateMember 2018-12-31 0000354647 cvbf:DairyLivestockAndAgribusinessMember 2018-12-31 0000354647 cvbf:MunicipalLeaseFinanceReceivablesMember 2018-12-31 0000354647 cvbf:ConsumerAndOtherLoansMember 2018-12-31 0000354647 cvbf:CommunityBankMember 2018-12-31 0000354647 us-gaap:PassMember us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember 2018-12-31 0000354647 us-gaap:SpecialMentionMember us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember 2018-12-31 0000354647 us-gaap:SubstandardMember us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember 2018-12-31 0000354647 us-gaap:DoubtfulMember us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember 2018-12-31 0000354647 us-gaap:NondesignatedMember us-gaap:InterestRateSwapMember us-gaap:OtherIncomeMember 2019-04-01 2019-06-30 0000354647 us-gaap:NondesignatedMember 2019-04-01 2019-06-30 0000354647 us-gaap:HeldtomaturitySecuritiesMember 2019-04-01 2019-06-30 0000354647 us-gaap:AvailableforsaleSecuritiesMember 2019-04-01 2019-06-30 0000354647 cvbf:NonPerformingTroubledDebtRestructuredLoansMember 2019-04-01 2019-06-30 0000354647 cvbf:PerformingTroubledDebtRestructuringMember 2019-04-01 2019-06-30 0000354647 us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember 2019-04-01 2019-06-30 0000354647 cvbf:ConsumerAndOtherLoansMember 2019-04-01 2019-06-30 0000354647 cvbf:SmallBusinessAdministrationLoansMember 2019-04-01 2019-06-30 0000354647 cvbf:CommercialAndIndustrialLoansMember 2019-04-01 2019-06-30 0000354647 us-gaap:CommercialRealEstateMember 2019-04-01 2019-06-30 0000354647 us-gaap:ConstructionLoansMember 2019-04-01 2019-06-30 0000354647 us-gaap:ResidentialRealEstateMember 2019-04-01 2019-06-30 0000354647 cvbf:DairyLivestockAndAgribusinessMember 2019-04-01 2019-06-30 0000354647 cvbf:MunicipalLeaseFinanceReceivablesMember 2019-04-01 2019-06-30 0000354647 us-gaap:RetainedEarningsMember 2019-04-01 2019-06-30 0000354647 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-04-01 2019-06-30 0000354647 cvbf:CommunityBankMember 2019-04-01 2019-06-30 0000354647 us-gaap:DepositAccountMember 2019-04-01 2019-06-30 0000354647 us-gaap:FiduciaryAndTrustMember 2019-04-01 2019-06-30 0000354647 us-gaap:CreditCardMember 2019-04-01 2019-06-30 0000354647 us-gaap:AccountingStandardsUpdate201409Member us-gaap:DepositAccountMember 2019-04-01 2019-06-30 0000354647 us-gaap:AccountingStandardsUpdate201409Member us-gaap:FiduciaryAndTrustMember 2019-04-01 2019-06-30 0000354647 us-gaap:AccountingStandardsUpdate201409Member us-gaap:CreditCardMember 2019-04-01 2019-06-30 0000354647 us-gaap:AccountingStandardsUpdate201409Member 2019-04-01 2019-06-30 0000354647 cvbf:AccountingStandardsUpdate201409NotAdoptedMember 2019-04-01 2019-06-30 0000354647 us-gaap:OtherIncomeMember us-gaap:InterestRateSwapMember us-gaap:NondesignatedMember 2018-04-01 2018-06-30 0000354647 us-gaap:NondesignatedMember 2018-04-01 2018-06-30 0000354647 us-gaap:HeldtomaturitySecuritiesMember 2018-04-01 2018-06-30 0000354647 us-gaap:AvailableforsaleSecuritiesMember 2018-04-01 2018-06-30 0000354647 cvbf:NonPerformingTroubledDebtRestructuredLoansMember 2018-04-01 2018-06-30 0000354647 cvbf:PerformingTroubledDebtRestructuringMember 2018-04-01 2018-06-30 0000354647 us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember 2018-04-01 2018-06-30 0000354647 cvbf:CommercialAndIndustrialLoansMember cvbf:ChangeInAmortizationPeriodMember 2018-04-01 2018-06-30 0000354647 cvbf:CommercialAndIndustrialLoansMember us-gaap:ContractualInterestRateReductionMember 2018-04-01 2018-06-30 0000354647 cvbf:CommercialRealEstateOwnerOccupiedMember us-gaap:ContractualInterestRateReductionMember 2018-04-01 2018-06-30 0000354647 cvbf:CommercialRealEstateOwnerOccupiedMember cvbf:ChangeInAmortizationPeriodMember 2018-04-01 2018-06-30 0000354647 cvbf:CommercialRealEstateNonOwnerOccupiedMember us-gaap:ContractualInterestRateReductionMember 2018-04-01 2018-06-30 0000354647 cvbf:CommercialRealEstateNonOwnerOccupiedMember cvbf:ChangeInAmortizationPeriodMember 2018-04-01 2018-06-30 0000354647 us-gaap:ResidentialRealEstateMember us-gaap:ContractualInterestRateReductionMember 2018-04-01 2018-06-30 0000354647 us-gaap:ResidentialRealEstateMember cvbf:ChangeInAmortizationPeriodMember 2018-04-01 2018-06-30 0000354647 cvbf:ConsumerMember us-gaap:ContractualInterestRateReductionMember 2018-04-01 2018-06-30 0000354647 cvbf:ConsumerMember cvbf:ChangeInAmortizationPeriodMember 2018-04-01 2018-06-30 0000354647 cvbf:ConsumerAndOtherLoansMember 2018-04-01 2018-06-30 0000354647 cvbf:CommercialAndIndustrialLoansMember 2018-04-01 2018-06-30 0000354647 cvbf:SmallBusinessAdministrationLoansMember 2018-04-01 2018-06-30 0000354647 us-gaap:CommercialRealEstateMember 2018-04-01 2018-06-30 0000354647 us-gaap:ConstructionLoansMember 2018-04-01 2018-06-30 0000354647 us-gaap:ResidentialRealEstateMember 2018-04-01 2018-06-30 0000354647 cvbf:DairyLivestockAndAgribusinessMember 2018-04-01 2018-06-30 0000354647 cvbf:MunicipalLeaseFinanceReceivablesMember 2018-04-01 2018-06-30 0000354647 us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember 2018-04-01 2018-06-30 0000354647 us-gaap:RetainedEarningsMember 2018-04-01 2018-06-30 0000354647 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-04-01 2018-06-30 0000354647 cvbf:CommunityBankMember 2018-04-01 2018-06-30 0000354647 us-gaap:DepositAccountMember 2018-04-01 2018-06-30 0000354647 us-gaap:FiduciaryAndTrustMember 2018-04-01 2018-06-30 0000354647 us-gaap:CreditCardMember 2018-04-01 2018-06-30 0000354647 us-gaap:AccountingStandardsUpdate201409Member us-gaap:DepositAccountMember 2018-04-01 2018-06-30 0000354647 us-gaap:AccountingStandardsUpdate201409Member us-gaap:FiduciaryAndTrustMember 2018-04-01 2018-06-30 0000354647 us-gaap:AccountingStandardsUpdate201409Member us-gaap:CreditCardMember 2018-04-01 2018-06-30 0000354647 us-gaap:AccountingStandardsUpdate201409Member 2018-04-01 2018-06-30 0000354647 cvbf:AccountingStandardsUpdate201409NotAdoptedMember 2018-04-01 2018-06-30 0000354647 us-gaap:OtherIncomeMember us-gaap:InterestRateSwapMember us-gaap:NondesignatedMember 2018-01-01 2018-06-30 0000354647 us-gaap:NondesignatedMember 2018-01-01 2018-06-30 0000354647 us-gaap:HeldtomaturitySecuritiesMember 2018-01-01 2018-06-30 0000354647 us-gaap:AvailableforsaleSecuritiesMember 2018-01-01 2018-06-30 0000354647 us-gaap:RetainedEarningsMember 2018-01-01 2018-06-30 0000354647 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-01-01 2018-06-30 0000354647 cvbf:NonPerformingTroubledDebtRestructuredLoansMember 2018-01-01 2018-06-30 0000354647 cvbf:PerformingTroubledDebtRestructuringMember 2018-01-01 2018-06-30 0000354647 us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember 2018-01-01 2018-06-30 0000354647 cvbf:CommercialAndIndustrialLoansMember us-gaap:ContractualInterestRateReductionMember 2018-01-01 2018-06-30 0000354647 cvbf:CommercialAndIndustrialLoansMember cvbf:ChangeInAmortizationPeriodMember 2018-01-01 2018-06-30 0000354647 cvbf:CommercialRealEstateOwnerOccupiedMember us-gaap:ContractualInterestRateReductionMember 2018-01-01 2018-06-30 0000354647 cvbf:CommercialRealEstateOwnerOccupiedMember cvbf:ChangeInAmortizationPeriodMember 2018-01-01 2018-06-30 0000354647 cvbf:CommercialRealEstateNonOwnerOccupiedMember us-gaap:ContractualInterestRateReductionMember 2018-01-01 2018-06-30 0000354647 cvbf:CommercialRealEstateNonOwnerOccupiedMember cvbf:ChangeInAmortizationPeriodMember 2018-01-01 2018-06-30 0000354647 us-gaap:ResidentialRealEstateMember us-gaap:ContractualInterestRateReductionMember 2018-01-01 2018-06-30 0000354647 us-gaap:ResidentialRealEstateMember cvbf:ChangeInAmortizationPeriodMember 2018-01-01 2018-06-30 0000354647 cvbf:ConsumerMember us-gaap:ContractualInterestRateReductionMember 2018-01-01 2018-06-30 0000354647 cvbf:ConsumerMember cvbf:ChangeInAmortizationPeriodMember 2018-01-01 2018-06-30 0000354647 cvbf:CommercialAndIndustrialLoansMember 2018-01-01 2018-06-30 0000354647 cvbf:SmallBusinessAdministrationLoansMember 2018-01-01 2018-06-30 0000354647 us-gaap:CommercialRealEstateMember 2018-01-01 2018-06-30 0000354647 us-gaap:ConstructionLoansMember 2018-01-01 2018-06-30 0000354647 us-gaap:ResidentialRealEstateMember 2018-01-01 2018-06-30 0000354647 cvbf:DairyLivestockAndAgribusinessMember 2018-01-01 2018-06-30 0000354647 us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember 2018-01-01 2018-06-30 0000354647 cvbf:ConsumerAndOtherLoansMember 2018-01-01 2018-06-30 0000354647 cvbf:MunicipalLeaseFinanceReceivablesMember 2018-01-01 2018-06-30 0000354647 cvbf:CommunityBankMember 2018-01-01 2018-06-30 0000354647 cvbf:ConstructionNonSpeculativeMember 2018-01-01 2018-06-30 0000354647 cvbf:ConstructionSpeculativeMember 2018-01-01 2018-06-30 0000354647 cvbf:CommercialRealEstateNonOwnerOccupiedMember 2018-01-01 2018-06-30 0000354647 cvbf:CommercialRealEstateOwnerOccupiedMember 2018-01-01 2018-06-30 0000354647 us-gaap:DepositAccountMember 2018-01-01 2018-06-30 0000354647 us-gaap:FiduciaryAndTrustMember 2018-01-01 2018-06-30 0000354647 us-gaap:CreditCardMember 2018-01-01 2018-06-30 0000354647 us-gaap:AccountingStandardsUpdate201409Member us-gaap:DepositAccountMember 2018-01-01 2018-06-30 0000354647 us-gaap:AccountingStandardsUpdate201409Member us-gaap:FiduciaryAndTrustMember 2018-01-01 2018-06-30 0000354647 us-gaap:AccountingStandardsUpdate201409Member us-gaap:CreditCardMember 2018-01-01 2018-06-30 0000354647 us-gaap:AccountingStandardsUpdate201409Member 2018-01-01 2018-06-30 0000354647 cvbf:AccountingStandardsUpdate201409NotAdoptedMember 2018-01-01 2018-06-30 0000354647 cvbf:CommunityBankMember 2018-08-10 0000354647 cvbf:CommunityBankMember 2018-08-01 2018-08-10 0000354647 cvbf:ConsumerAndOtherLoansMember 2018-06-30 0000354647 us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember 2018-06-30 0000354647 cvbf:CommercialAndIndustrialLoansMember 2018-06-30 0000354647 cvbf:SmallBusinessAdministrationLoansMember 2018-06-30 0000354647 us-gaap:CommercialRealEstateMember 2018-06-30 0000354647 cvbf:RealEstateConstructionMember 2018-06-30 0000354647 us-gaap:ResidentialRealEstateMember 2018-06-30 0000354647 cvbf:DairyLivestockAndAgribusinessMember 2018-06-30 0000354647 cvbf:MunicipalLeaseFinanceReceivablesMember 2018-06-30 0000354647 cvbf:CommercialRealEstateOwnerOccupiedMember 2018-06-30 0000354647 cvbf:CommercialRealEstateNonOwnerOccupiedMember 2018-06-30 0000354647 cvbf:ConstructionSpeculativeMember 2018-06-30 0000354647 cvbf:ConstructionNonSpeculativeMember 2018-06-30 0000354647 us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember 2018-12-31 0000354647 us-gaap:RetainedEarningsMember 2018-12-31 0000354647 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-12-31 0000354647 cvbf:PerformingTroubledDebtRestructuringMember 2018-12-31 0000354647 cvbf:NonPerformingTroubledDebtRestructuredLoansMember 2018-12-31 0000354647 us-gaap:CommercialRealEstateMember 2018-12-31 0000354647 us-gaap:ConstructionLoansMember 2018-12-31 0000354647 cvbf:PerformingTroubledDebtRestructuringMember 2019-06-30 0000354647 cvbf:NonPerformingTroubledDebtRestructuredLoansMember 2019-06-30 0000354647 us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember 2019-06-30 0000354647 us-gaap:RetainedEarningsMember 2019-06-30 0000354647 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-06-30 0000354647 us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember 2019-03-31 0000354647 us-gaap:RetainedEarningsMember 2019-03-31 0000354647 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-03-31 0000354647 cvbf:PerformingTroubledDebtRestructuringMember 2019-03-31 0000354647 cvbf:NonPerformingTroubledDebtRestructuredLoansMember 2019-03-31 0000354647 cvbf:CommercialAndIndustrialLoansMember 2019-03-31 0000354647 cvbf:SmallBusinessAdministrationLoansMember 2019-03-31 0000354647 us-gaap:CommercialRealEstateMember 2019-03-31 0000354647 us-gaap:ConstructionLoansMember 2019-03-31 0000354647 us-gaap:ResidentialRealEstateMember 2019-03-31 0000354647 cvbf:DairyLivestockAndAgribusinessMember 2019-03-31 0000354647 cvbf:ConsumerAndOtherLoansMember 2019-03-31 0000354647 cvbf:MunicipalLeaseFinanceReceivablesMember 2019-03-31 0000354647 us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember 2018-03-31 0000354647 us-gaap:RetainedEarningsMember 2018-03-31 0000354647 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-03-31 0000354647 cvbf:PerformingTroubledDebtRestructuringMember 2018-03-31 0000354647 cvbf:NonPerformingTroubledDebtRestructuredLoansMember 2018-03-31 0000354647 us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember 2018-03-31 0000354647 us-gaap:ResidentialRealEstateMember 2018-03-31 0000354647 cvbf:DairyLivestockAndAgribusinessMember 2018-03-31 0000354647 cvbf:CommercialAndIndustrialLoansMember 2018-03-31 0000354647 cvbf:SmallBusinessAdministrationLoansMember 2018-03-31 0000354647 us-gaap:CommercialRealEstateMember 2018-03-31 0000354647 us-gaap:ConstructionLoansMember 2018-03-31 0000354647 cvbf:MunicipalLeaseFinanceReceivablesMember 2018-03-31 0000354647 cvbf:ConsumerAndOtherLoansMember 2018-03-31 0000354647 cvbf:PerformingTroubledDebtRestructuringMember 2018-06-30 0000354647 cvbf:NonPerformingTroubledDebtRestructuredLoansMember 2018-06-30 0000354647 us-gaap:ConstructionLoansMember 2018-06-30 0000354647 us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember 2018-06-30 0000354647 us-gaap:RetainedEarningsMember 2018-06-30 0000354647 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-06-30 0000354647 us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember 2017-12-31 0000354647 us-gaap:RetainedEarningsMember 2017-12-31 0000354647 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2017-12-31 0000354647 cvbf:PerformingTroubledDebtRestructuringMember 2017-12-31 0000354647 cvbf:NonPerformingTroubledDebtRestructuredLoansMember 2017-12-31 0000354647 cvbf:CommercialAndIndustrialLoansMember 2017-12-31 0000354647 cvbf:SmallBusinessAdministrationLoansMember 2017-12-31 0000354647 us-gaap:CommercialRealEstateMember 2017-12-31 0000354647 us-gaap:ConstructionLoansMember 2017-12-31 0000354647 cvbf:MunicipalLeaseFinanceReceivablesMember 2017-12-31 0000354647 cvbf:ConsumerAndOtherLoansMember 2017-12-31 0000354647 us-gaap:ResidentialRealEstateMember 2017-12-31 0000354647 cvbf:DairyLivestockAndAgribusinessMember 2017-12-31 0000354647 us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember 2017-12-31 iso4217:USD xbrli:pure xbrli:shares iso4217:USD xbrli:shares cvbf:Subsidiary cvbf:Agreement cvbf:Location cvbf:Branch cvbf:Contract cvbf:SecurityLoan
Table of Contents
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM
10-Q
(Mark One)
 
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended
June 30, 2019
or
 
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from _____ to _____
Commission File Number:
000-10140
CVB FINANCIAL CORP
.
(Exact name of registrant as specified in its charter)
     
California
 
95-3629339
(State or other jurisdiction of
 
(I.R.S. Employer
Incorporation or organization)
 
Identification No.)
     
701 North Haven Ave.,
Suite 350
 
Ontario
, California
 
91764
(Address of principal executive offices)
 
(Zip Code)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(
909
)
980-4030
(Registrant’s telephone number,
including area code)
Securities registered pursuant to Section 12(b) of the Act:
         
Title of each class
 
Trading Symbol(s)
 
Name of each exchange on which registered
Common Stock, No Par Value
 
CVBF
 
The Nasdaq Stock Market, LLC
 
 
 
 
 
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
Yes 
    No
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation
S-T
(§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).
Yes 
    No
Indicate by check mark whether the registrant is a large accelerated filer, accelerated filer,
non-accelerated
filer or smaller reporting company, or emerging growth company. See definition of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule
12b-2
of the Exchange Act. (Check one):
                 
  
Large accelerated filer
 
 
 
Accelerated filer
 
  
Non-accelerated
filer
 
 
 
Smaller reporting company    
 
  Emerging growth company    
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act  
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐    No
 
 
 
 
 
 
 
 
 
 
 
Number of shares of common stock of the registrant:
140,143,607
outstanding as of July 31, 2019.
 
 
 
Table of Contents
 
TABLE OF CONTENTS
             
PART I –
     
3
 
             
ITEM
 
1.
     
5
 
             
     
10
 
             
ITEM
 
2.
     
37
 
             
     
37
 
             
     
37
 
             
     
39
 
             
     
50
 
             
     
66
 
             
ITEM
 
3.
     
68
 
             
ITEM
 
4.
     
68
 
             
PART II
     
69
 
             
ITEM
 
1.
     
69
 
             
ITEM
 
1A.
     
69
 
             
ITEM
 
2.
     
70
 
             
ITEM
 
3.
     
70
 
             
ITEM
 
4.
     
70
 
             
ITEM
 
5.
     
70
 
             
ITEM
 
6.
     
70
 
             
SIGNATURES
 
   
71
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2
 
 
 
Table of Contents
 
PART I – FINANCIAL INFORMATION (UNAUDITED)
GENERAL
Cautionary Note Regarding Forward-Looking Statements
Certain matters set forth herein (including the exhibits hereto) constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including forward-looking statements relating to the Company’s current business plans and expectations and our future financial position and operating results. Words such as “will likely result”, “aims”, “anticipates”, “believes”, “could”, “estimates”, “expects”, “hopes”, “intends”, “may”, “plans”, “projects”, “seeks”, “should”, “will”, “strategy”, “possibility”, and variations of these words and similar expressions help to identify these forward-looking statements, which involve risks and uncertainties. These forward-looking statements are subject to risks and uncertainties that could cause actual results, performance and/or achievements to differ materially from those projected. These risks and uncertainties include, but are not limited to:
 
local, regional, national and international economic and market conditions and political events and the impact they may have on us, our customers and our assets and liabilities;
 
 
 
 
 
 
 
our ability to attract deposits and other sources of funding or liquidity;
 
 
 
 
 
 
 
supply and demand for commercial or residential real estate and periodic deterioration in real estate prices and/or values in California or other states where we lend;
 
 
 
 
 
 
 
a sharp or prolonged slowdown or decline in real estate construction, sales or leasing activities;
 
 
 
 
 
 
 
changes in the financial performance and/or condition of our borrowers, depositors, key vendors or counterparties;
 
 
 
 
 
 
 
changes in our levels of delinquent loans, nonperforming assets, allowance for loan losses and charge-offs;
 
 
 
 
 
 
 
the costs or effects of mergers, acquisitions or dispositions we may make, including the 2018 merger of Community Bank with and into Citizens Business Bank, whether we are able to obtain any required governmental approvals in connection with any such mergers, acquisitions or dispositions, and/or our ability to realize the contemplated financial or business benefits or cost savings associated with any such mergers, acquisitions or dispositions;
 
 
 
 
 
 
 
the effect of changes in laws, regulations and applicable judicial decisions (including laws, regulations and judicial decisions concerning financial reforms, taxes, bank capital levels, allowance for loan losses, consumer, commercial or secured lending, securities and securities trading and hedging, bank operations, compliance, fair lending, the Community Reinvestment Act, employment, executive compensation, insurance, cybersecurity, vendor management and information security technology) with which we and our subsidiaries must comply or believe we should comply or which may otherwise impact us;
 
 
 
 
 
 
 
the effects of additional legal and regulatory requirements to which we have or will become subject as a result of our total assets exceeding $10
 billion, which first occurred in the third quarter of 2018 due to the closing of our merger transaction with Community Bank;
 
 
 
 
 
 
 
changes in estimates of future reserve requirements and minimum capital requirements based upon the periodic review thereof under relevant regulatory and accounting standards, including changes in the Basel Committee framework establishing capital standards for bank credit, operations and market risks;
 
 
 
 
 
 
 
the accuracy of the assumptions and estimates and the absence of technical error in implementation or calibration of models used to estimate the fair value of financial instruments, the sensitivity of our assets and liabilities to changes in market interest rates, or our current allowance for loan losses;
 
 
 
 
 
 
 
inflation, changes in market interest rates, securities market and monetary fluctuations;
 
 
 
 
 
 
 
changes in government-established interest rates, reference rates (including the anticipated
phase-out
of LIBOR) or monetary policies;
 
 
 
 
 
 
 
changes in the amount, cost and availability of deposit insurance;
 
 
 
 
 
 
 
disruptions in the infrastructure that supports our business and the communities where we are located, which are concentrated in California, involving or related to physical site access, and/or communication facilities; cyber incidents or theft or loss of Company or customer data or money; political developments, uncertainties or instability, catastrophic events, acts of war or terrorism, or natural disasters, such as earthquakes, drought, the effects of pandemic diseases, extreme weather events, that affect electrical, environmental, computer servers, and communications or other services or facilities we use, or that affect our employees or third parties with whom we conduct business;
 
 
 
 
 
 
 
our timely development and acceptance of new banking products and services and the perceived overall value of these products and services by customers and potential customers;
 
 
 
 
 
 
 
the Company’s relationships with and reliance upon outside vendors with respect to certain of the Company’s key internal and external systems, applications and controls;
 
 
 
 
 
 
 
changes in commercial or consumer spending, borrowing and savings preferences or behaviors;
 
 
 
 
 
 
 
3
 
 
 
Table of Contents
 
 
technological changes and the expanding use of technology in banking and financial services (including the adoption of mobile banking, funds transfer applications, electronic marketplaces for loans, blockchain technology and other banking products, systems or services);
 
 
 
 
 
 
 
our ability to retain and increase market share, retain and grow customers and control expenses;
 
 
 
 
 
 
 
changes in the competitive environment among banks and other financial services and technology providers;
 
 
 
 
 
 
 
competition and innovation with respect to financial products and services by banks, financial institutions and
non-traditional
providers including retail businesses and technology companies;
 
 
 
 
 
 
 
volatility in the credit and equity markets and its effect on the general economy or local or regional business conditions or on the Company’s customers;
 
 
 
 
 
 
 
fluctuations in the price of the Company’s common stock or other securities, and the resulting impact on the Company’s ability to raise capital or make acquisitions;
 
 
 
 
 
 
 
the effect of changes in accounting policies and practices, as may be adopted from
time-to-time
by the regulatory agencies, as well as by the Public Company Accounting Oversight Board, the Financial Accounting Standards Board and other accounting standard setters;
 
 
 
 
 
 
 
changes in our organization, management, compensation and benefit plans, and our ability to retain or expand our workforce, management team and/or our board of directors;
 
 
 
 
 
our ability to identify suitable and qualified replacements for any of our executive officers who may leave their employment with us, including our Chief Executive Officer;
 
 
 
 
 
 
 
the costs and effects of legal, compliance and regulatory actions, changes and developments, including the initiation and resolution of legal proceedings (including any securities, bank operations, consumer or employee class action litigation and any litigation which we inherited from our 2018 merger with Community Bank);
 
 
 
 
 
 
 
regulatory or other governmental inquiries or investigations, and/or the results of regulatory examinations or reviews;
 
 
 
 
 
 
 
our ongoing relations with our various federal and state regulators, including the SEC, Federal Reserve Board, FDIC and California DBO;
 
 
 
 
 
 
 
our success at managing the risks involved in the foregoing items; and
 
 
 
 
 
 
 
all other factors set forth in the Company’s public reports including its Annual Report on Form
10-K
for the year ended December
 31, 2018, and particularly the discussion of risk factors within that document.
 
 
 
 
 
 
The Company does not undertake, and specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences or unanticipated events or circumstances after the date of such statements, except as required by law. Any statements about future operating results, such as those concerning accretion and dilution to the Company’s earnings or shareholders, are for illustrative purposes only, are not forecasts, and actual results may differ.
 
4
 
 
 
Table of Contents
 
 
ITEM 1.     CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
CVB FINANCIAL CORP. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(Dollars in thousands, except share amounts)
(Unaudited)
                 
 
      June 30,      
2019
 
  December 31,  
2018
 
Assets
   
     
 
Cash and due from banks
    $
170,387
      $
144,008
 
Interest-earning balances due from Federal Reserve
   
5,453
     
19,940
 
Total cash and cash equivalents
   
175,840
     
163,948
 
Interest-earning balances due from depository institutions
   
6,425
     
7,670
 
Investment securities
available-for-sale,
at fair value (with amortized cost of $1,584,687 at June 30, 2019, and $1,757,666 at December 31, 2018)
   
1,600,020
     
1,734,085
 
Investment securities
held-to-maturity
(with fair value of $729,032 at June 30, 2019, and $721,537 at December 31, 2018)
   
728,113
     
744,440
 
Total investment securities
   
2,328,133
     
2,478,525
 
Investment in stock of Federal Home Loan Bank (FHLB)
   
17,688
     
17,688
 
Loans and lease finance receivables
   
7,535,690
     
7,764,611
 
Allowance for loan losses
   
(67,132
)    
(63,613
)
Net loans and lease finance receivables
   
7,468,558
     
7,700,998
 
Premises and equipment, net
   
54,163
     
58,193
 
Bank owned life insurance (BOLI)
   
224,172
     
220,758
 
Accrued interest receivable
   
29,481
     
30,649
 
Intangibles
   
48,094
     
53,784
 
Goodwill
   
663,707
     
666,539
 
Other real estate owned (OREO)
   
2,275
     
420
 
Income taxes
   
49,581
     
62,174
 
Other assets
   
103,466
     
67,807
 
Total assets
    $
11,171,583
      $
11,529,153
 
                 
Liabilities and Stockholders’ Equity
   
     
 
Liabilities:
   
     
 
Deposits:
   
     
 
Noninterest-bearing
    $
5,250,235
      $
5,204,787
 
Interest-bearing
   
3,412,588
     
3,622,703
 
Total deposits
   
8,662,823
     
8,827,490
 
Customer repurchase agreements
   
421,271
     
442,255
 
Other borrowings
    -
     
280,000
 
Deferred compensation
   
20,953
     
20,033
 
Junior subordinated debentures
   
25,774
     
25,774
 
Other liabilities
   
104,085
     
82,411
 
Total liabilities
   
9,234,906
     
9,677,963
 
                 
Commitments and Contingencies
 
 
 
 
 
 
 
 
Stockholders’ Equity
   
     
 
Common stock, authorized, 225,000,000 shares without par; issued and outstanding 140,141,680 at June 30, 2019, and 140,000,017 at December 31, 2018
   
1,296,885
     
1,293,669
 
Retained earnings
   
631,512
     
575,805
 
Accumulated other comprehensive income (loss), net of tax
   
8,280
     
(18,284
)
Total stockholders’ equity
   
1,936,677
     
1,851,190
 
Total liabilities and stockholders’ equity
    $
11,171,583
      $
11,529,153
 
 
 
 
 
 
 
 
See accompanying notes to the unaudited condensed consolidated financial statements.
 
5
 
 
 
Table of Contents
 
CVB FINANCIAL CORP. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS AND COMPREHENSIVE INCOME
(Dollars in thousands, except per share amounts)
(Unaudited)
                                 
 
    For the Three Months Ended    
June 30,
 
    For the Six Months Ended    
June 30,
 
2019
 
2018
 
2019
 
2018
 
Interest income:
                               
Loans and leases, including fees
    $
101,843
      $  
57,368
      $  
201,530
      $   
112,564
 
Investment securities:
   
     
     
     
 
Investment securities
available-for-sale
   
10,118
     
11,697
     
20,763
     
23,565
 
Investment securities
held-to-maturity
   
4,426
     
4,807
     
8,951
     
9,572
 
Total investment income
   
14,544
     
16,504
     
29,714
     
33,137
 
Dividends from FHLB stock
   
298
     
298
     
630
     
630
 
Interest-earning deposits with other institutions
   
100
     
635
     
194
     
1,171
 
Total interest income
   
116,785
     
74,805
     
232,068
     
147,502
 
Interest expense:
   
     
     
     
 
Deposits
   
4,093
     
1,549
     
7,964
     
3,074
 
Borrowings and customer repurchase agreements
   
1,377
     
337
     
2,987
     
790
 
Junior subordinated debentures
   
258
     
231
     
524
     
429
 
Total interest expense
   
5,728
     
2,117
     
11,475
     
4,293
 
Net interest income before provision for (recapture of) loan losses
   
111,057
     
72,688
     
220,593
     
143,209
 
Provision for (recapture of) loan losses
   
2,000
     
(1,000
)    
3,500
     
(2,000
)
Net interest income after provision for (recapture of) loan losses
   
109,057
     
73,688
     
217,093
     
145,209
 
Noninterest income:
   
     
     
     
 
Service charges on deposit accounts
   
5,065
     
4,091
     
10,206
     
8,136
 
Trust and investment services
   
2,452
     
2,399
     
4,634
     
4,556
 
Bankcard services
   
1,027
     
958
     
1,977
     
1,762
 
BOLI income
   
1,349
     
1,069
     
2,685
     
2,048
 
Gain on OREO, net
   
24
     
-
     
129
     
3,540
 
Gain on sale of building, net
   
-
     
-
     
4,545
     
-
 
Gain on eminent domain condemnation, net
 
 
5,685
 
 
 
-
 
 
 
5,685
 
 
 
-  
Other
   
2,603
     
1,178
     
4,647
     
2,569
 
Total noninterest income
   
18,205
     
9,695
     
34,508
     
22,611
 
Noninterest expense:
   
     
     
     
 
Salaries and employee benefits
   
28,862
     
21,051
     
58,164
     
43,365
 
Occupancy and equipment
   
5,641
     
4,318
     
11,256
     
8,510
 
Professional services
   
2,040
     
1,690
     
3,965
     
3,220
 
Software licenses and maintenance
   
2,542
     
1,759
     
4,964
     
3,519
 
Marketing and promotion
   
1,238
     
1,148
     
2,632
     
2,504
 
Amortization of intangible assets
   
2,833
     
328
     
5,690
     
659
 
Acquisition related expenses
   
2,612
     
494
     
5,761
     
1,297
 
Other
   
4,760
     
3,466
     
9,700
     
7,126
 
Total noninterest expense
   
50,528
     
34,254
     
102,132
     
70,200
 
Earnings before income taxes
   
76,734
     
49,129
     
149,469
     
97,620
 
Income taxes
   
22,253
     
13,756
     
43,346
     
27,334
 
Net earnings
    $
54,481
      $
35,373
      $
106,123
      $
70,286
 
                                 
Other comprehensive income (loss):
   
     
     
     
 
Unrealized gain (loss) on securities arising during the period, before tax
    $
19,486
      $
(6,598
)     $
37,713
      $
(38,768
)
Less: Income tax (expense) benefit related to items of other comprehensive income
   
(5,761
)    
1,951
     
(11,149
)    
11,462
 
Other comprehensive income (loss), net of tax
   
13,725
     
(4,647
)    
26,564
     
(27,306
)
Comprehensive income
    $
68,206
      $
30,726
      $
132,687
      $
42,980
 
                                 
Basic earnings per common share
    $
0.39
      $
0.32
      $
0.76
      $
0.64
 
Diluted earnings per common share
    $
0.39
      $
0.32
      $
0.76
      $
0.64
 
 
 
 
 
 
 
 
 
 
 
 
 
See accompanying notes to the unaudited condensed consolidated financial statements.
 
6
 
 
 
Table of Contents
 
CVB FINANCIAL CORP. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
(Dollars and shares in thousands)
(Unaudited)
 
For the Three Months Ended June 30, 2019 and 2018
                                         
 
Common
Shares
Outstanding
 
Common
Stock
 
Retained
Earnings
 
Accumulated
Other
Comprehensive
Income (Loss)
 
Total
 
Balance, April 1, 2018
   
  110,259
      $
574,225
      $
  513,484
      $
  (20,851
)     $
  1,066,858
 
Repurchase of common stock
   
(2
)    
(45
)    
-
     
-
     
(45
)
Exercise of stock options
   
51
     
589
     
-
     
-
     
589
 
Shares issued pursuant to stock-based compensation plan
   
(6
)    
733
     
-
     
-
     
733
 
Cash dividends declared on common stock ($0.14 per share)
   
-
     
-
     
(15,444
)    
-
     
(15,444
)
Net earnings
   
-
     
-
     
35,373
     
-
     
35,373
 
Other comprehensive loss
   
-
     
-
     
-
     
(4,647
)    
(4,647
)
Balance, June 30, 2018
   
110,302
      $
575,502
      $
533,413
      $
  (25,498
)     $
1,083,417
 
                                         
Balance, April 1, 2019
   
140,009
      $
  1,294,093