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Condensed Financial Information of Parent Company

12 Months Ended

Dec. 31, 2021

Condensed Financial Information Disclosure [Abstract]

Condensed Financial Information of Parent Company

24. 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,
		2021				2020
		(Dollars in thousands)
Assets
Investment in subsidiaries		$	2,038,948			$	1,990,166
Other assets, net			67,998				68,679
Total assets		$	2,106,946			$	2,058,845
Liabilities		$	25,443			$	50,855
Stockholders’ equity			2,081,503				2,007,990
Total liabilities and stockholders’ equity		$	2,106,946			$	2,058,845

CVB FINANCIAL CORP.

CONDENSED STATEMENTS OF EARNINGS

		Year Ended December 31,
		2021				2020				2019
		(Dollars in thousands)
Equity in net earnings of subsidiaries		$	88,099			$	(34,936	)		$	107,185
Dividends from the Bank			129,000				217,000				106,000
Other expense, net			(4,578	)			(4,905	)			(5,358	)
Net earnings		$	212,521			$	177,159			$	207,827

CVB FINANCIAL CORP.

CONDENSED STATEMENTS OF CASH FLOWS

		Year Ended December 31,
		2021				2020				2019
		(Dollars in thousands)
Cash Flows from Operating Activities
Net earnings		$	212,521			$	177,159			$	207,827
Adjustments to reconcile net earnings to cash used in    operating activities:
Earnings of subsidiaries			(217,099	)			(182,064	)			(213,185	)
Tax settlement received from the Bank			7,659				—				1,008
Stock-based compensation			5,183				5,529				5,548
Other operating activities, net			(888	)			(2,018	)			(2,417	)
Total adjustments			(205,145	)			(178,553	)			(209,046	)
Net cash used in operating activities			7,376				(1,394	)			(1,219	)
Cash Flows from Investing Activities
Dividends received from the Bank			129,000				217,000				106,000
Net cash provided by investing activities			129,000				217,000				106,000
Cash Flows from Financing Activities
Repayment of junior subordinated debentures			(25,774	)			—				—
Cash dividends on common stock			(97,733	)			(98,475	)			(95,352	)
Proceeds from exercise of stock options			1,277				231				2,215
Repurchase of common stock			(8,337	)			(92,772	)			(2,640	)
Net cash used in financing activities			(130,567	)			(191,016	)			(95,777	)
Net increase in cash and cash equivalents			5,809				24,590				9,004
Cash and cash equivalents, beginning of period			55,644				31,054				22,050
Cash and cash equivalents, end of period		$	61,453			$	55,644			$	31,054

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- References

No definition available.

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- 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=123454820&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

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