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Consolidated Statements of Earnings and Comprehensive Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Interest income:      
Loans and leases, including fees $ 181,619us-gaap_InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio $ 179,631us-gaap_InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio $ 205,753us-gaap_InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio
Investment securities:      
Taxable 47,465us-gaap_InterestIncomeSecuritiesTaxable 28,374us-gaap_InterestIncomeSecuritiesTaxable 32,025us-gaap_InterestIncomeSecuritiesTaxable
Tax-advantaged 20,913us-gaap_InterestIncomeSecuritiesTaxAdvantaged 22,025us-gaap_InterestIncomeSecuritiesTaxAdvantaged 22,718us-gaap_InterestIncomeSecuritiesTaxAdvantaged
Total investment income 68,378us-gaap_InterestAndDividendIncomeSecurities 50,399us-gaap_InterestAndDividendIncomeSecurities 54,743us-gaap_InterestAndDividendIncomeSecurities
Dividends from FHLB stock 2,130cvbf_DividendsFromFhlbStock 2,033cvbf_DividendsFromFhlbStock 671cvbf_DividendsFromFhlbStock
Federal funds sold 427us-gaap_InterestIncomeFederalFundsSold 221us-gaap_InterestIncomeFederalFundsSold 616us-gaap_InterestIncomeFederalFundsSold
Interest-earning deposits with other institutions 349us-gaap_InterestIncomeDepositsWithFinancialInstitutions 489us-gaap_InterestIncomeDepositsWithFinancialInstitutions 439us-gaap_InterestIncomeDepositsWithFinancialInstitutions
Total interest income 252,903us-gaap_InterestAndDividendIncomeOperating 232,773us-gaap_InterestAndDividendIncomeOperating 262,222us-gaap_InterestAndDividendIncomeOperating
Interest expense:      
Deposits 4,977us-gaap_InterestExpenseDeposits 4,887us-gaap_InterestExpenseDeposits 5,911us-gaap_InterestExpenseDeposits
Borrowings 10,991us-gaap_InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvancesLongTerm 10,999us-gaap_InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvancesLongTerm 16,662us-gaap_InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvancesLongTerm
Junior subordinated debentures 421us-gaap_InterestExpenseSubordinatedNotesAndDebentures 621us-gaap_InterestExpenseSubordinatedNotesAndDebentures 2,699us-gaap_InterestExpenseSubordinatedNotesAndDebentures
Total interest expense 16,389us-gaap_InterestExpense 16,507us-gaap_InterestExpense 25,272us-gaap_InterestExpense
Net interest income before provision for loan losses 236,514us-gaap_InterestIncomeExpenseNet 216,266us-gaap_InterestIncomeExpenseNet 236,950us-gaap_InterestIncomeExpenseNet
(Recapture of) provision for loan losses (16,100)us-gaap_AllowanceForLoanAndLeaseLossesAdjustmentsNet (16,750)us-gaap_AllowanceForLoanAndLeaseLossesAdjustmentsNet 0us-gaap_AllowanceForLoanAndLeaseLossesAdjustmentsNet
Net interest income after provision for loan losses 252,614us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss 233,016us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss 236,950us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss
Noninterest income:      
Service charges on deposit accounts 15,778us-gaap_FeesAndCommissionsDepositorAccounts 15,923us-gaap_FeesAndCommissionsDepositorAccounts 16,106us-gaap_FeesAndCommissionsDepositorAccounts
Trust and investment services 8,118us-gaap_FeesAndCommissionsFiduciaryAndTrustActivities 8,071us-gaap_FeesAndCommissionsFiduciaryAndTrustActivities 8,169us-gaap_FeesAndCommissionsFiduciaryAndTrustActivities
Bankcard services 3,386us-gaap_FeesAndCommissionsCreditCards 3,481us-gaap_FeesAndCommissionsCreditCards 3,650us-gaap_FeesAndCommissionsCreditCards
BOLI income 2,428us-gaap_BankOwnedLifeInsuranceIncome 2,511us-gaap_BankOwnedLifeInsuranceIncome 2,973us-gaap_BankOwnedLifeInsuranceIncome
Gain on sale of loans held-for-sale 6,001us-gaap_GainLossOnSalesOfLoansNet 0us-gaap_GainLossOnSalesOfLoansNet 0us-gaap_GainLossOnSalesOfLoansNet
Gain on sale of investment securities, net 0us-gaap_GainLossOnSaleOfSecuritiesNet 2,094us-gaap_GainLossOnSaleOfSecuritiesNet 0us-gaap_GainLossOnSaleOfSecuritiesNet
Decrease in FDIC loss sharing asset, net (3,591)us-gaap_FDICIndemnificationAssetPeriodIncreaseDecrease (12,860)us-gaap_FDICIndemnificationAssetPeriodIncreaseDecrease (21,916)us-gaap_FDICIndemnificationAssetPeriodIncreaseDecrease
Gain on OREO, net 1,020cvbf_GainOnOtherRealEstateOwnedNet 3,131cvbf_GainOnOtherRealEstateOwnedNet 1,544cvbf_GainOnOtherRealEstateOwnedNet
Other 3,272us-gaap_NoninterestIncomeOther 2,936us-gaap_NoninterestIncomeOther 5,377us-gaap_NoninterestIncomeOther
Total noninterest income 36,412us-gaap_NoninterestIncome 25,287us-gaap_NoninterestIncome 15,903us-gaap_NoninterestIncome
Noninterest expense:      
Salaries and employee benefits 77,118us-gaap_LaborAndRelatedExpense 71,015us-gaap_LaborAndRelatedExpense 68,496us-gaap_LaborAndRelatedExpense
Occupancy and equipment 15,264us-gaap_OccupancyNet 14,504us-gaap_OccupancyNet 15,473us-gaap_OccupancyNet
Professional services 6,018us-gaap_ProfessionalFees 5,709us-gaap_ProfessionalFees 7,170us-gaap_ProfessionalFees
Software licenses and maintenance 4,464cvbf_SoftwareLicensesAndMaintenance 4,671cvbf_SoftwareLicensesAndMaintenance 4,279cvbf_SoftwareLicensesAndMaintenance
Promotion 5,195us-gaap_MarketingExpense 4,681us-gaap_MarketingExpense 4,869us-gaap_MarketingExpense
Provision for unfunded loan commitments (1,250)cvbf_IncreaseOrDecreaseInProvisionForUnfundedLoanCommitments 500cvbf_IncreaseOrDecreaseInProvisionForUnfundedLoanCommitments (1,000)cvbf_IncreaseOrDecreaseInProvisionForUnfundedLoanCommitments
Amortization of intangible assets 1,137us-gaap_AmortizationOfIntangibleAssets 1,127us-gaap_AmortizationOfIntangibleAssets 2,159us-gaap_AmortizationOfIntangibleAssets
Debt termination expense 0cvbf_PrepaymentPenaltiesOnBorrowings 0cvbf_PrepaymentPenaltiesOnBorrowings 20,379cvbf_PrepaymentPenaltiesOnBorrowings
OREO expense 307us-gaap_ForeclosedRealEstateExpense 856us-gaap_ForeclosedRealEstateExpense 2,146us-gaap_ForeclosedRealEstateExpense
Insurance reimbursements (372)us-gaap_InsuranceRecoveries (4,155)us-gaap_InsuranceRecoveries (921)us-gaap_InsuranceRecoveries
Acquisition related expenses 1,973us-gaap_BusinessCombinationAcquisitionRelatedCosts 0us-gaap_BusinessCombinationAcquisitionRelatedCosts 0us-gaap_BusinessCombinationAcquisitionRelatedCosts
Other 16,375us-gaap_OtherNoninterestExpense 15,120us-gaap_OtherNoninterestExpense 15,110us-gaap_OtherNoninterestExpense
Total noninterest expense 126,229us-gaap_NoninterestExpense 114,028us-gaap_NoninterestExpense 138,160us-gaap_NoninterestExpense
Earnings before income taxes 162,797us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 144,275us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 114,693us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Income taxes 58,776us-gaap_IncomeTaxExpenseBenefit 48,667us-gaap_IncomeTaxExpenseBenefit 37,413us-gaap_IncomeTaxExpenseBenefit
Net earnings 104,021us-gaap_NetIncomeLoss 95,608us-gaap_NetIncomeLoss 77,280us-gaap_NetIncomeLoss
Other comprehensive (loss) income:      
Unrealized (loss) gain on securities arising during the period 69,661us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax (88,562)us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax 3,074us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
Less: Reclassification adjustment for net gain on securities included in net income 0us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax (2,094)us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax 0us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
Other comprehensive (loss) income, before tax 69,661us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax (90,656)us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax 3,074us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
Less: income tax benefit (expense) related to items of other comprehensive income (29,256)us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax 38,075us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax (1,292)us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
Net change, After-Tax 40,405us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax (52,581)us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax 1,782us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
Comprehensive income $ 144,426us-gaap_ComprehensiveIncomeNetOfTax $ 43,027us-gaap_ComprehensiveIncomeNetOfTax $ 79,062us-gaap_ComprehensiveIncomeNetOfTax
Basic earnings per common share $ 0.98us-gaap_EarningsPerShareBasic $ 0.91us-gaap_EarningsPerShareBasic $ 0.74us-gaap_EarningsPerShareBasic
Diluted earnings per common share $ 0.98us-gaap_EarningsPerShareDiluted $ 0.91us-gaap_EarningsPerShareDiluted $ 0.74us-gaap_EarningsPerShareDiluted
Cash dividends declared per common share $ 0.400us-gaap_CommonStockDividendsPerShareDeclared $ 0.385us-gaap_CommonStockDividendsPerShareDeclared $ 0.340us-gaap_CommonStockDividendsPerShareDeclared