XML 48 R32.htm IDEA: XBRL DOCUMENT
v3.20.4

Condensed Financial Information of Parent Company | 12 Months Ended
--- | ---
Dec. 31, 2020
Condensed Financial Information Disclosure [Abstract] |
Condensed Financial Information of Parent Company |
25. | CONDENSED FINANCIAL INFORMATION OF PARENT COMPANY
The following tables provide the parent company only condensed balance sheets, condensed statements of earnings and condensed statements of cash flows for the periods presented. CVB FINANCIAL CORP. CONDENSED BALANCE SHEETS
|  | December 31, |
|  | 2020 |  |  | 2019 |
|  | (Dollars in thousands) |
Assets |  |  |  |  |  |  |  |
Investment in subsidiaries |  | $ | 1,990,166 |  |  | $ | 2,003,692 |
Other assets, net |  |  | 68,679 |  |  |  | 42,070 |
Total assets |  | $ | 2,058,845 |  |  | $ | 2,045,762 |
Liabilities |  | $ | 50,855 |  |  | $ | 51,664 |
Stockholders’ equity |  |  | 2,007,990 |  |  |  | 1,994,098 |
Total liabilities and stockholders’ equity |  | $ | 2,058,845 |  |  | $ | 2,045,762 |
CVB FINANCIAL CORP. CONDENSED STATEMENTS OF EARNINGS
|  | Year Ended December 31, |
|  | 2020 |  |  | 2019 |  |  | 2018 |
|  | (Dollars in thousands) |
Equity in net earnings of subsidiaries |  | $ | (34,936 | ) |  | $ | 107,185 |  |  | $ | 78,601 |
Dividends from the Bank |  |  | 217,000 |  |  |  | 106,000 |  |  |  | 77,800 |
Other expense, net |  |  | (4,905 | ) |  |  | (5,358 | ) |  |  | (4,398 | )
Net earnings |  | $ | 177,159 |  |  | $ | 207,827 |  |  | $ | 152,003 |
CVB FINANCIAL CORP. CONDENSED STATEMENTS OF CASH FLOWS
|  | Year Ended December 31, |
|  | 2020 |  |  | 2019 |  |  | 2018 |
|  | (Dollars in thousands) |
Cash Flows from Operating Activities |  |  |  |  |  |  |  |  |  |  |  |
Net earnings |  | $ | 177,159 |  |  | $ | 207,827 |  |  | $ | 152,003 |
Adjustments to reconcile net earnings to cash used in operating activities: |  |  |  |  |  |  |  |  |  |  |  |
Earnings of subsidiaries |  |  | (182,064 | ) |  |  | (213,185 | ) |  |  | (156,401 | )
Tax settlement received from the Bank |  |  | - |  |  |  | 1,008 |  |  |  | - |
Stock-based compensation |  |  | 5,529 |  |  |  | 5,548 |  |  |  | 3,508 |
Other operating activities, net |  |  | (2,018 | ) |  |  | (2,417 | ) |  |  | (2,052 | )
Total adjustments |  |  | (178,553 | ) |  |  | (209,046 | ) |  |  | (154,945 | )
Net cash used in operating activities |  |  | (1,394 | ) |  |  | (1,219 | ) |  |  | (2,942 | )
Cash Flows from Investing Activities |  |  |  |  |  |  |  |  |  |  |  |
Dividends received from the Bank |  |  | 217,000 |  |  |  | 106,000 |  |  |  | 77,800 |
Net cash provided by investing activities |  |  | 217,000 |  |  |  | 106,000 |  |  |  | 77,800 |
Cash Flows from Financing Activities |  |  |  |  |  |  |  |  |  |  |  |
Cash dividends on common stock |  |  | (98,475 | ) |  |  | (95,352 | ) |  |  | (65,966 | )
Proceeds from exercise of stock options |  |  | 231 |  |  |  | 2,215 |  |  |  | 1,701 |
Repurchase of common stock |  |  | (92,772 | ) |  |  | (2,640 | ) |  |  | (7,760 | )
Net cash used in financing activities |  |  | (191,016 | ) |  |  | (95,777 | ) |  |  | (72,025 | )
Net increase in cash and cash equivalents |  |  | 24,590 |  |  |  | 9,004 |  |  |  | 2,833 |
Cash and cash equivalents, beginning of period |  |  | 31,054 |  |  |  | 22,050 |  |  |  | 19,217 |
Cash and cash equivalents, end of period |  | $ | 55,644 |  |  | $ | 31,054 |  |  | $ | 22,050 |

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

X
- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(Schedule I)) -URI http://asc.fasb.org/extlink&oid=120391182&loc=d3e5864-122674 Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=108774443&loc=d3e5283-111683 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 + Details
Name: | us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration