Business Combinations (Tables)

9 Months Ended

Sep. 30, 2018

Business Combinations [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The table below summarizes the amounts recognized for the estimated fair value of assets acquired and the liabilities assumed as of the acquisition date.

	August 10, 2018
	(Dollars in thousands)
Merger Consideration
Cash paid	$	180,719
CVBF common stock issued		722,767
Total merger consideration			$	903,486
Identifiable net assets acquired, at fair value
Assets Acquired
Cash and cash equivalents		47,802
Investment securities		716,996
FHLB stock		17,250
Loans		2,734,081
Accrued interest receivable		7,916
Premises and equipment		14,632
BOLI		70,904
Core deposit intangible		52,200
Other assets		58,130
Total assets acquired				3,719,911
Liabilities assumed
Deposits		2,869,986
FHLB advances		297,571
Other borrowings		166,000
Other liabilities		29,192
Total liabilities assumed				3,362,749
Total fair value of identifiable net assets, at fair value				357,162
Goodwill			$	546,324

Business Acquisition Pro Forma Information

As a result, actual amounts would have differed from the unaudited pro forma information presented.

	Unaudited Pro Forma Nine Months Ended September 30,
	2018		2017
	(Dollars in thousands)
Total revenues (net interest income plus noninterest income)	$	364,846	$	354,990
Net Income	$	138,274	$	118,419
Earnings per share–basic	$	0.99	$	0.85
Earnings per share–diluted	$	0.99	$	0.85