XML 33 R22.htm IDEA: XBRL DOCUMENT
v3.4.0.3

Investment Securities (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2016
Investments, Debt and Equity Securities [Abstract] |
Summary of Amortized Cost and Estimated Fair Value of Investment Securities | The majority of securities held are publicly traded, and the estimated fair values were obtained from an independent pricing service based upon market quotes.
|  | March 31, 2016 |
|  | Amortized Cost |  |  | Gross Unrealized Holding Gain |  |  | Gross Unrealized Holding Loss |  |  | Fair Value |  |  | Total Percent |
|  | (Dollars in thousands) |
Investment securities available-for-sale: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Government agency/GSEs |  | $ | 5,750 |  |  | $ | 10 |  |  | $ | - |  |  | $ | 5,760 |  |  |  | 0.25% |
Residential mortgage-backed securities |  |  | 1,710,383 |  |  |  | 48,667 |  |  |  | - |  |  |  | 1,759,050 |  |  |  | 76.66% |
CMOs/REMICs - residential |  |  | 360,790 |  |  |  | 7,745 |  |  |  | - |  |  |  | 368,535 |  |  |  | 16.06% |
Municipal bonds |  |  | 153,761 |  |  |  | 2,523 |  |  |  | (59) |  |  |  | 156,225 |  |  |  | 6.81% |
Other securities |  |  | 5,000 |  |  |  | 89 |  |  |  | - |  |  |  | 5,089 |  |  |  | 0.22% |
Total available-for-sale securities |  | $ | 2,235,684 |  |  | $ | 59,034 |  |  | $ | (59) |  |  | $ | 2,294,659 |  |  |  | 100.00% |
Investment securities held-to-maturity (1): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Government agency/GSEs |  | $ | 272,934 |  |  | $ | 5,687 |  |  | $ | - |  |  | $ | 278,621 |  |  |  | 33.58% |
Residential mortgage-backed securities |  |  | 225,079 |  |  |  | 3,085 |  |  |  | - |  |  |  | 228,164 |  |  |  | 27.69% |
CMO |  |  | 1,226 |  |  |  | 499 |  |  |  | - |  |  |  | 1,725 |  |  |  | 0.15% |
Municipal bonds |  |  | 313,654 |  |  |  | 4,788 |  |  |  | (1,024) |  |  |  | 317,418 |  |  |  | 38.58% |
Total held-to-maturity securities |  | $ | 812,893 |  |  | $ | 14,059 |  |  | $ | (1,024) |  |  | $ | 825,928 |  |  |  | 100.00% |
|  | December 31, 2015 |
|  | Amortized Cost |  |  | Gross Unrealized Holding Gain |  |  | Gross Unrealized Holding Loss |  |  | Fair Value |  |  | Total Percent |
|  | (Dollars in thousands) |
Investment securities available-for-sale: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Government agency/GSEs |  | $ | 5,752 |  |  | $ | - |  |  | $ | (7) |  |  | $ | 5,745 |  |  |  | 0.24% |
Residential mortgage-backed securities |  |  | 1,788,857 |  |  |  | 26,001 |  |  |  | (1,761) |  |  |  | 1,813,097 |  |  |  | 76.55% |
CMOs/REMICs - residential |  |  | 380,166 |  |  |  | 4,689 |  |  |  | (1,074) |  |  |  | 383,781 |  |  |  | 16.20% |
Municipal bonds |  |  | 157,940 |  |  |  | 3,036 |  |  |  | (3) |  |  |  | 160,973 |  |  |  | 6.80% |
Other securities |  |  | 5,000 |  |  |  | 50 |  |  |  | - |  |  |  | 5,050 |  |  |  | 0.21% |
Total available-for-sale securities |  | $ | 2,337,715 |  |  | $ | 33,776 |  |  | $ | (2,845) |  |  | $ | 2,368,646 |  |  |  | 100.00% |
Investment securities held-to-maturity (1): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Government agency/GSEs |  | $ | 293,338 |  |  | $ | 1,176 |  |  | $ | (734) |  |  | $ | 293,780 |  |  |  | 34.47% |
Residential mortgage-backed securities |  |  | 232,053 |  |  |  | - |  |  |  | (1,293) |  |  |  | 230,760 |  |  |  | 27.27% |
CMO |  |  | 1,284 |  |  |  | 569 |  |  |  | - |  |  |  | 1,853 |  |  |  | 0.15% |
Municipal bonds |  |  | 324,314 |  |  |  | 3,051 |  |  |  | (719) |  |  |  | 326,646 |  |  |  | 38.11% |
Total held-to-maturity securities |  | $ | 850,989 |  |  | $ | 4,796 |  |  | $ | (2,746) |  |  | $ | 853,039 |  |  |  | 100.00% |
| (1) | Securities held-to-maturity are presented in the condensed consolidated balance sheets at amortized cost.
Summary of Interest Income Earned on Investment Securities | The following table provides information about the amount of interest income earned on investment securities which is fully taxable and which is exempt from regular federal income tax.
|  | For the Three Months Ended March 31, |  |  |
|  | 2016 |  |  | 2015 |  |
|  | (Dollars in thousands) |  |
Investment securities available-for-sale: |  |  |  |  |  |  |  |  |
Taxable |  | $ | 11,380 |  |  | $ | 12,923 |  |
Tax-advantaged |  |  | 1,419 |  |  |  | 5,011 |  |
Investment securities held-to-maturity: |  |  |  |  |  |  |  |  |
Taxable |  |  | 2,620 |  |  |  | 38 |  |
Tax-advantaged |  |  | 2,728 |  |  |  | - |  |
Total interest income from investment securities |  | $ | 18,147 |  |  | $ | 17,972 |  |
Summary of Continuous Unrealized Loss Position of Securities | The tables below show the Company’s investment securities’ gross unrealized losses and fair value by investment category and length of time that individual securities have been in a continuous unrealized loss position at March 31, 2016 and December 31, 2015. Management has reviewed individual securities to determine whether a decline in fair value below the amortized cost basis is other-than-temporary.
|  | March 31, 2016 |
|  | Less Than 12 Months |  |  | 12 Months or Longer |  |  | Total |
|  | Fair Value |  |  | Gross Unrealized Holding Losses |  |  | Fair Value |  |  | Gross Unrealized Holding Losses |  |  | Fair Value |  |  | Gross Unrealized Holding Losses |
|  | (Dollars in thousands) |
Investment securities available-for-sale: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Government agency/GSEs |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |
Residential mortgage-backed securities |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
CMOs/REMICs - residential |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Municipal bonds |  |  | 3,656 |  |  |  | (58) |  |  |  | 5,966 |  |  |  | (1) |  |  |  | 9,622 |  |  |  | (59) |
Other securities |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Total available-for-sale securities |  | $ | 3,656 |  |  | $ | (58) |  |  | $ | 5,966 |  |  | $ | (1) |  |  | $ | 9,622 |  |  | $ | (59) |
Investment securities held-to-maturity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Government agency/GSEs |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |
Residential mortgage-backed securities |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
CMO |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Municipal bonds |  |  | 92,467 |  |  |  | (1,024) |  |  |  | - |  |  |  | - |  |  |  | 92,467 |  |  |  | (1,024) |
Other securities |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Total held-to-maturity securities |  | $ | 92,467 |  |  | $ | (1,024) |  |  | $ | - |  |  | $ | - |  |  | $ | 92,467 |  |  | $ | (1,024) |
|  | December 31, 2015 |
|  | Less Than 12 Months |  |  | 12 Months or Longer |  |  | Total |
|  | Fair Value |  |  | Gross Unrealized Holding Losses |  |  | Fair Value |  |  | Gross Unrealized Holding Losses |  |  | Fair Value |  |  | Gross Unrealized Holding Losses |
|  | (Dollars in thousands) |
Investment securities available-for-sale: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Government agency/GSEs |  | $ | 5,745 |  |  | $ | (7) |  |  | $ | - |  |  | $ | - |  |  | $ | 5,745 |  |  | $ | (7) |
Residential mortgage-backed securities |  |  | 437,699 |  |  |  | (1,761) |  |  |  | - |  |  |  | - |  |  |  | 437,699 |  |  |  | (1,761) |
CMOs/REMICs - residential |  |  | 171,923 |  |  |  | (1,074) |  |  |  | - |  |  |  | - |  |  |  | 171,923 |  |  |  | (1,074) |
Municipal bonds |  |  | 398 |  |  |  | (2) |  |  |  | 5,961 |  |  |  | (1) |  |  |  | 6,359 |  |  |  | (3) |
Other securities |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Total available-for-sale securities |  | $ | 615,765 |  |  | $ | (2,844) |  |  | $ | 5,961 |  |  | $ | (1) |  |  | $ | 621,726 |  |  | $ | (2,845) |
Investment securities held-to-maturity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Government agency/GSEs |  | $ | 84,495 |  |  | $ | (734) |  |  | $ | - |  |  | $ | - |  |  | $ | 84,495 |  |  | $ | (734) |
Residential mortgage-backed securities |  |  | 230,760 |  |  |  | (1,293) |  |  |  | - |  |  |  | - |  |  |  | 230,760 |  |  |  | (1,293) |
CMO |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Municipal bonds |  |  | 110,119 |  |  |  | (719) |  |  |  | - |  |  |  | - |  |  |  | 110,119 |  |  |  | (719) |
Other securities |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Total held-to-maturity securities |  | $ | 425,374 |  |  | $ | (2,746) |  |  | $ | - |  |  | $ | - |  |  | $ | 425,374 |  |  | $ | (2,746) |
Summary of Amortized Cost and Fair Value of Debt Securities by Contractual Maturity | Mortgage-backed securities and CMOs/REMICs are included in maturity categories based upon estimated prepayment speeds.
|  | March 31, 2016 |  |  |
|  | Available-for-sale |  |  | Held-to-maturity |  |
|  | Amortized Cost |  |  | Fair Value |  |  | Amortized Cost |  |  | Fair Value |  |
|  | (Dollars in thousands) |  |
Due in one year or less |  | $ | 15,931 |  |  | $ | 16,125 |  |  | $ | - |  |  | $ | - |  |
Due after one year through five years |  |  | 1,789,155 |  |  |  | 1,837,957 |  |  |  | 149,171 |  |  |  | 150,627 |  |
Due after five years through ten years |  |  | 145,732 |  |  |  | 148,847 |  |  |  | 366,305 |  |  |  | 370,388 |  |
Due after ten years |  |  | 284,866 |  |  |  | 291,730 |  |  |  | 297,417 |  |  |  | 304,913 |  |
Total investment securities |  | $ | 2,235,684 |  |  | $ | 2,294,659 |  |  | $ | 812,893 |  |  | $ | 825,928 |  |

X
- Definition Schedule Of Available For Sale Securities And Held To Maturity [Table Text Block] + References No definition available. + Details
Name: | cvbf_ScheduleOfAvailableForSaleSecuritiesAndHeldToMaturityTableTextBlock
Namespace Prefix: | cvbf_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of investment income, including, but not limited to, interest and dividend income and amortization of discount (premium) derived from debt and equity securities. Excludes realized and unrealized gain (loss) on investments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.9) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 225 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04.2) -URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.8) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.7(a),(b)) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 + Details
Name: | us-gaap_InvestmentIncomeTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of maturities of an entity's investments as well as any other information pertinent to the investments. + References No definition available. + Details
Name: | us-gaap_InvestmentsClassifiedByContractualMaturityDateTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition For all investments in an unrealized loss position, including those for which other-than-temporary impairments have not been recognized in earnings (including investments for which a portion of an other-than-temporary impairment has been recognized in other comprehensive income), a tabular disclosure of the aggregate related fair value of investments with unrealized losses and the aggregate amount of unrealized losses (that is, the amount by which amortized cost basis exceeds fair value). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=27724398&loc=d3e27290-111563 + Details
Name: | us-gaap_ScheduleOfUnrealizedLossOnInvestmentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration