This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

CVB Financial Corp. Reports Earnings For 2012

At December 31, 2012, we had $50.4 million in performing TDR loans, a decrease of $1.2 million from performing TDR loans at September 30, 2012 and an increase of $11.8 million from performing TDR loans at December 31, 2011. In terms of number of loans, we had 34 performing TDR loans at December 31, 2012, compared to 32 performing TDR’s at September 30, 2012 and 16 performing TDR loans at December 31, 2011.

Non-performing assets, defined as non-covered non-accrual loans and other real estate owned, totaled $72.8 million at December 31, 2012, $76.5 million at September 30, 2012, and $76.5 million at December 31, 2011.

Classified loans are loans that are graded “substandard” or worse. At December 31, 2012, classified loans totaled $314.0 million, compared to $302.5 million at September 30, 2012. The $11.5 million increase was primarily due to the downgrading of several dairy and livestock loans. Classified loans decreased $45.2 million from $359.2 million at December 31, 2011.

San Joaquin Bank Asset Quality (Covered loans)

At December 31, 2012, we had $220.5 million of gross loans from SJB with a carrying value of $195.2 million, compared to $235.9 million of gross loans at September 30, 2012 with a carrying value of $207.3 million, and $330.4 million of gross loans at December 31, 2011 and $262.5 million in carrying value. Of the gross loans, we had $27.9 million in non-performing loans as of December 31, 2012, or 12.67%, compared to $83.7 million in non-performing loans at December 31, 2011, or 25.35%. We had three properties in OREO totaling $1.1 million, compared to three properties totaling $1.3 million at September 30, 2012, and 16 properties totaling $9.8 million at December 31, 2011.


CitizensTrust has approximately $2.10 billion in assets under management and administration, including $1.58 billion in assets under management, as of December 31, 2012. Revenues were $1.9 million for the fourth quarter and $8.2 million for 2012, compared to $2.2 million and $8.7 million for the same periods in 2011. CitizensTrust provides trust, investment and brokerage related services, as well as financial, estate and business succession planning.

9 of 12

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $92.22 -1.10%
FB $118.65 0.71%
GOOG $706.66 0.75%
TSLA $214.79 1.50%
YHOO $36.98 0.11%


Chart of I:DJI
DOW 17,657.19 -3.52 -0.02%
S&P 500 2,045.40 -5.23 -0.26%
NASDAQ 4,696.5620 -20.5320 -0.44%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs