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Schedule of Balance Sheet Offsetting


	Gross Amounts Recognized in the Consolidated Balance Sheets		Gross Amounts Offset in the Consolidated Balance Sheets			Net Amounts Presented in the Consolidated Balance Sheets		Gross Amounts Not Offset in the Consolidated Balance Sheets					Net Amount
	Gross Amounts Recognized in the Consolidated Balance Sheets		Gross Amounts Offset in the Consolidated Balance Sheets			Net Amounts Presented in the Consolidated Balance Sheets		Financial Instruments		Collateral Pledged			Net Amount
	(Dollars in thousands)
December 31, 2019

Financial assets:
Derivatives not designated as hedging instruments	$	11,502	$	-		$	-	$	11,502	$	-		$	11,502

Total	$	11,502	$	-		$	-	$	11,502	$	-		$	11,502


Financial liabilities:
Derivatives not designated as hedging instruments	$	11,619	$	(117	)	$	11,502	$	117	$	(23,312	)	$	(11,693	)
Repurchase agreements		428,659		-			428,659		-		(510,138	)		(81,479	)

Total	$	440,278	$	(117	)	$	440,161	$	117	$	(533,450	)	$	(93,172	)

December 31, 2018

Financial assets:
Derivatives not designated as hedging instruments	$	1,938	$	-		$	-	$	1,938	$	-		$	1,938

Total	$	1,938	$	-		$	-	$	1,938	$	-		$	1,938


Financial liabilities:
Derivatives not designated as hedging instruments	$	4,203	$	(2,265	)	$	1,938	$	2,265	$	-		$	4,203
Repurchase agreements		442,255		-			442,255		-		(487,607	)		(45,352	)

Total	$	446,458	$	(2,265	)	$	444,193	$	2,265	$	(487,607	)	$	(41,149	)

Loans and Lease Finance Receivables and Allowance for Loan Losses - Schedule of Recorded Investment in Loans Held-for-Investment and Related Allowance for Loan Losses by Loan Type (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Financing Receivable, Allowance for Credit Losses [Line Items]
Recorded Investment in Loans, Individually Evaluated for Impairment	$ 8,389	$ 23,545
Recorded Investment in Loans, Collectively Evaluated for Impairment	7,559,930	7,728,680
Recorded Investment in Loans, Acquired with Deterioriated Credit Quality		17,214
Allowance for Loan Losses, Individually Evaluated for Impairment	508	561
Allowance for Loan Losses, Collectively Evaluated for Impairment	68,152	62,848
Allowance for Loan Losses, Acquired with Deterioriated Credit Quality		204
PCI Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Recorded Investment in Loans, Individually Evaluated for Impairment		0
Recorded Investment in Loans, Collectively Evaluated for Impairment		0
Recorded Investment in Loans, Acquired with Deterioriated Credit Quality		17,214
Allowance for Loan Losses, Individually Evaluated for Impairment		0
Allowance for Loan Losses, Collectively Evaluated for Impairment		0
Allowance for Loan Losses, Acquired with Deterioriated Credit Quality		204
Commercial and Industrial [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Recorded Investment in Loans, Individually Evaluated for Impairment	1,344	7,625
Recorded Investment in Loans, Collectively Evaluated for Impairment	933,783	994,584
Recorded Investment in Loans, Acquired with Deterioriated Credit Quality		0
Allowance for Loan Losses, Individually Evaluated for Impairment	251	3
Allowance for Loan Losses, Collectively Evaluated for Impairment	8,629	7,517
Allowance for Loan Losses, Acquired with Deterioriated Credit Quality		0
Small Business Administration [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Recorded Investment in Loans, Individually Evaluated for Impairment	2,568	3,467
Recorded Investment in Loans, Collectively Evaluated for Impairment	302,440	346,576
Recorded Investment in Loans, Acquired with Deterioriated Credit Quality		0
Allowance for Loan Losses, Individually Evaluated for Impairment	257	0
Allowance for Loan Losses, Collectively Evaluated for Impairment	1,196	1,062
Allowance for Loan Losses, Acquired with Deterioriated Credit Quality		0
Commercial Real Estate [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Recorded Investment in Loans, Individually Evaluated for Impairment	1,121	6,540
Recorded Investment in Loans, Collectively Evaluated for Impairment	5,373,496	5,387,689
Recorded Investment in Loans, Acquired with Deterioriated Credit Quality		0
Allowance for Loan Losses, Individually Evaluated for Impairment	0	478
Allowance for Loan Losses, Collectively Evaluated for Impairment	48,629	44,456
Allowance for Loan Losses, Acquired with Deterioriated Credit Quality		0
Construction [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Recorded Investment in Loans, Individually Evaluated for Impairment	0	0
Recorded Investment in Loans, Collectively Evaluated for Impairment	116,925	122,782
Recorded Investment in Loans, Acquired with Deterioriated Credit Quality		0
Allowance for Loan Losses, Individually Evaluated for Impairment	0	0
Allowance for Loan Losses, Collectively Evaluated for Impairment	858	981
Allowance for Loan Losses, Acquired with Deterioriated Credit Quality		0
SFR Mortgage [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Recorded Investment in Loans, Individually Evaluated for Impairment	2,979	5,349
Recorded Investment in Loans, Collectively Evaluated for Impairment	280,489	291,155
Recorded Investment in Loans, Acquired with Deterioriated Credit Quality		0
Allowance for Loan Losses, Individually Evaluated for Impairment	0	0
Allowance for Loan Losses, Collectively Evaluated for Impairment	2,339	2,196
Allowance for Loan Losses, Acquired with Deterioriated Credit Quality		0
Dairy & Livestock and Agribusiness [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Recorded Investment in Loans, Individually Evaluated for Impairment	0	78
Recorded Investment in Loans, Collectively Evaluated for Impairment	383,709	393,765
Recorded Investment in Loans, Acquired with Deterioriated Credit Quality		0
Allowance for Loan Losses, Individually Evaluated for Impairment	0	12
Allowance for Loan Losses, Collectively Evaluated for Impairment	5,255	5,203
Allowance for Loan Losses, Acquired with Deterioriated Credit Quality		0
Municipal Lease Finance Receivables [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Recorded Investment in Loans, Individually Evaluated for Impairment	0	0
Recorded Investment in Loans, Collectively Evaluated for Impairment	53,146	64,186
Recorded Investment in Loans, Acquired with Deterioriated Credit Quality		0
Allowance for Loan Losses, Individually Evaluated for Impairment	0	0
Allowance for Loan Losses, Collectively Evaluated for Impairment	623	775
Allowance for Loan Losses, Acquired with Deterioriated Credit Quality		0
Consumer and Other Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Recorded Investment in Loans, Individually Evaluated for Impairment	377	486
Recorded Investment in Loans, Collectively Evaluated for Impairment	115,942	127,943
Recorded Investment in Loans, Acquired with Deterioriated Credit Quality		0
Allowance for Loan Losses, Individually Evaluated for Impairment	0	68
Allowance for Loan Losses, Collectively Evaluated for Impairment	$ 623	658
Allowance for Loan Losses, Acquired with Deterioriated Credit Quality		$ 0

Business

12 Months Ended

Dec. 31, 2019

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Business

BUSINESS

The consolidated financial statements include CVB Financial Corp. (referred to herein on an unconsolidated basis as “CVB” and on a consolidated basis as “we,” “our” or the “Company”) and its wholly owned subsidiary: Citizens Business Bank (the “Bank” or “CBB”), after elimination of all intercompany transactions and balances. The Company has one inactive subsidiary, Chino Valley Bancorp. The Company is also the common stockholder of CVB Statutory Trust III. CVB Statutory Trust III was created in January 2006 to issue trust preferred securities in order to raise capital for the Company. In accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 810,

Consolidation

, this trust does not meet the criteria for consolidation.

The Company’s primary operations are related to traditional banking activities. This includes the acceptance of deposits and the lending and investing of money through the operations of the Bank. The Bank also provides trust and investment-related services to customers through its CitizensTrust Division. The Bank’s customers consist primarily of small to

mid-sized

businesses and individuals located in the Inland Empire, Los Angeles County, Orange County, San Diego County, Ventura County, Santa Barbara County, and the Central Valley area of California. The Bank operates 58

banking centers, one loan production office in Modesto, California and

three trust office locations. The Company is headquartered in the city of Ontario, California.

On March 10, 2017, we completed the acquisition of Valley Commerce Bancorp (“VCBP”), the holding company for Valley Business Bank (“VBB”), headquartered in the Central Valley area of California with four branch locations and total assets of approximately $400 million. This acquisition strengthens our market share in the Central Valley area of California. Our consolidated financial statements for 2017 include VBB operations, post-merger. See Note 4 —

Business Combinations

, included herein.

On August 10, 2018, we completed the acquisition of Community Bank (“CB”), headquartered in Pasadena, California with 16 banking centers located throughout the greater Los Angeles and Orange County areas and total assets of approximately $4.09 billion. Our condensed consolidated financial statements for 2018 include CB operations, post-merger. See Note 4 —

Business Combinations

, included herein.

Investment Securities - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Debt Securities, Available-for-sale [Line Items]
Average life of investment grade debt securities, years	3 years 6 months
Credit-related impairment loss on investment securities held-to-maturity	$ 0	$ 0
Investment securities pledged as collateral	1,640,000,000	$ 1,660,000,000
Investment in FHLB stock, impairment losses	$ 0
Municipal Bonds [Member]
Debt Securities, Available-for-sale [Line Items]
Average life of investment grade debt securities, years	9 years
United States [Member]
Debt Securities, Available-for-sale [Line Items]
Securities issued by U.S. government percentage	90.00%
CMO/REMIC - Residential [Member]
Debt Securities, Available-for-sale [Line Items]
Investment contractual cash flows guaranteed by Government, percentage	100.00%
Municipal Bonds [Member]
Debt Securities, Available-for-sale [Line Items]
Total investment portfolio representing municipal bonds, percentage	10.00%

Fair Value Information (Tables)

12 Months Ended

Dec. 31, 2019

Fair Value Disclosures [Abstract]

Assets and Liabilities Measured at Fair Value on a Recurring Basis


	Carrying Value at December 31, 2019		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
	(Dollars in thousands)
Description of assets
Investment securities - AFS:
M ortgage-backed securities	$	1,206,313	$	-	$	1,206,313	$	-
CMO/REMIC		493,710		-		493,710		-
Municipal bonds		39,354		-		39,354		-
Other securities		880		-		880		-

Total investment securities - AFS		1,740,257		-		1,740,257		-
Interest rate swaps		11,502		-		11,502		-

Total assets	$	1,751,759	$	-	$	1,751,759	$	-

Description of liability
Interest rate swaps	$	11,502	$	-	$	11,502	$	-

Total liabilities	$	11,502	$	-	$	11,502	$	-

	Carrying Value at December 31, 2018		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
	(Dollars in thousands)
Description of assets
Investment securities - AFS:
M ortgage-backed securities	$	1,474,508	$	-	$	1,474,508	$	-
CMO/REMIC		214,051		-		214,051		-
Municipal bonds		44,810		-		44,810		-
Other securities		716		-		716		-
Total investment securities - AFS		1,734,085		-		1,734,085		-
Interest rate swaps		1,938		-		1,938		-
Total assets	$	1,736,023	$	-	$	1,736,023	$	-
Description of liability
Interest rate swaps	$	1,938	$	-	$	1,938	$	-
Total liabilities	$	1,938	$	-	$	1,938	$	-

Assets and Liabilities Measured at Fair Value on Non-Recurring Basis

the following tables provide the level of valuation assumptions used to determine each adjustment and the carrying value of the related assets that had losses during the period.


	Carrying Value at December 31, 2019		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total Losses For the Year Ended December 31, 2019
	(Dollars in thousands)
Description of assets
Impaired loans :
Commercial and industrial	$	253	$	-	$	-	$	253	$	251
SBA		359		-		-		359		513
Real estate:
Commercial real estate		-		-		-		-		-
Construction		-		-		-		-		-
SFR mortgage		-		-		-		-		-
Dairy & livestock and agribusiness		-		-		-		-		-
Consumer and other loans		-		-		-		-		-
Other real estate owned		444		-		-		444		64
Asset held-for-sale		-		-		-		-		-

Total assets	$	1,056	$	-	$	-	$	1,056	$	828


	Carrying Value at December 31, 2018		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total Losses For the Year Ended December 31, 2018
	(Dollars in thousands)
Description of assets
Impaired loans, excluding PCI loans:
Commercial and industrial	$	189	$	-	$	-	$	189	$	3
SBA		-		-		-		-		-
Real estate:
Commercial real estate		3,143		-		-		3,143		478
Construction		-		-		-		-		-
SFR mortgage		-		-		-		-		-
Dairy & livestock and agribusiness		78		-		-		78		12
Consumer and other loans		68		-		-		68		68
Other real estate owned		-		-		-		-		-
Asset held-for-sale		-		-		-		-		-

Total assets	$	3,478	$	-	$	-	$	3,478	$	561

Estimated Fair Value of Financial Instruments

The following disclosure presents estimated fair value of our financial instruments. The estimated fair value amounts have been determined by the Company using available market information and appropriate valuation methodologies. However, considerable judgment is required to develop the estimates of fair value. Accordingly, the estimates presented below are not necessarily indicative of the amounts the Company may realize in a current market exchange as of December 31, 2019 and 2018, respectively. The use of different market assumptions and/or estimation methodologies may have a material effect on the estimated fair value amounts.


	December 31, 2019
			Estimated Fair Value
	Carrying Amount		Level 1		Level 2		Level 3		Total
	(Dollars in thousands)
Assets
Total cash and cash equivalents	$	185,518	$	185,518	$	-	$	-	$	185,518
Interest-earning balances due from depository institutions		2,931		-		2,938		-		2,938
Investment securities available-for-sale		1,740,257		-		1,740,257		-		1,740,257
Investment securities held-to-maturity		674,452		-		678,948		-		678,948
Total loans, net of allowance for loan losses		7,495,917		-		-		7,343,167		7,343,167
Swaps		11,502		-		11,502		-		11,502
Liabilities
Deposits:
Interest-bearing	$	3,459,411	$	-	$	3,457,922	$	-	$	3,457,922
Borrowings		428,659		-		428,330		-		428,330
Junior subordinated debentures		25,774		-		-		20,669		20,669
Swaps		11,502		-		11,502		-		11,502

	December 31, 2018
			Estimated Fair Value
	Carrying Amount		Level 1		Level 2		Level 3		Total
	(Dollars in thousands)
Assets
Total cash and cash equivalents	$	163,948	$	163,948	$	-	$	-	$	163,948
Interest-earning balances due from depository institutions		7,670		-		7,339		-		7,339
Investment securities available-for-sale		1,734,085		-		1,734,085		-		1,734,085
Investment securities held-to-maturity		744,440		-		721,537		-		721,537
Total loans, net of allowance for loan losses		7,700,998		-		-		7,514,964		7,514,964
Swaps		1,938		-		1,938		-		1,938
Liabilities
Deposits:
Interest-bearing	$	3,622,703	$	-	$	3,614,682	$	-	$	3,614,682
Borrowings		722,255		-		721,601		-		721,601
Junior subordinated debentures		25,774		-		-		21,176		21,176
Swaps		1,938		-		1,938		-		1,938

Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

8.	GOODWILL AND OTHER INTANGIBLE ASSETS

The following table presents the changes in the carrying amount of goodwill for the periods presented.


	Year Ended December 31,
	2019			2018
	(Dollars in thousands)
Balance, beginning of period	$	666,539		$	116,564
Addition due to acqusition		-			549,975
Measurement period adjustments		(2,832	)		-

Balance, end of period	$	663,707		$	666,539

The following summarizes changes in CDI and the related accumulated amortization for the periods presented.


	Year Ended December 31,
	2019							2018
	Gross CDI Amount		Accumulated Amortization			Net CDI Amount		Gross CDI Amount		Accumulated Amortization			Net CDI Amount
	(Dollars in thousands)
Balance of intangible assets, beginning of period	$	93,297	$	(39,513	)	$	53,784	$	41,097	$	(34,259	)	$	6,838
Addition due to acquisition s		-							52,200

Balance of intangible assets, end of period	$	93,297	$	(50,311	)	$	42,986	$	93,297	$	(39,513	)	$	53,784

Aggregate amortization expense:
For year ended December 31,	$	10,798						$	5,254
Estimated Amortization Expense:
For the year ending December 31, 2020	$	9,352
For the year ending December 31, 2021		8,240
For the year ending December 31, 2022		7,126
For the year ending December 31, 2023		6,010
Thereafter		12,258

At December 31, 2019 the weighted average remaining life of intangible assets is approximately 2.89 years.

Investment Securities - Summary of Continuous Unrealized Loss Position of Securities (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Schedule of Investments [Line Items]
Fair Value, Less Than 12 Months, Available-for-sale	$ 197,806	$ 738,461
Gross Unrealized Holding Losses, Less Than 12 Months, Available-for-sale	(711)	(5,417)
Fair Value, 12 Months or Longer, Available-for-sale	133,092	742,610
Gross Unrealized Holding Losses, 12 Months or Longer, Available-for-sale	(937)	(20,197)
Fair Value, Available-for-sale	330,898	1,481,071
Gross Unrealized Holding Losses, Available-for-sale	(1,648)	(25,614)
Fair Value, Less Than 12 Months, Held-to-maturity	70,250	138,339
Gross Unrealized Holding Losses, Less Than 12 Months, Held-to-maturity	(442)	(1,277)
Fair Value, 12 Months or Longer, Held-to-maturity	215,579	426,784
Gross Unrealized Holding Losses, 12 Months or Longer, Held-to-maturity	(3,292)	(22,754)
Fair Value, Held-to-maturity	285,829	565,123
Gross Unrealized Holding Losses, Held-to-maturity	(3,734)	(24,031)
CMO/REMIC [Member]
Schedule of Investments [Line Items]
Fair Value, Less Than 12 Months, Available-for-sale	177,517	36,582
Gross Unrealized Holding Losses, Less Than 12 Months, Available-for-sale	(705)	(365)
Fair Value, 12 Months or Longer, Available-for-sale	34,565	135,062
Gross Unrealized Holding Losses, 12 Months or Longer, Available-for-sale	(191)	(3,160)
Fair Value, Available-for-sale	212,082	171,644
Gross Unrealized Holding Losses, Available-for-sale	(896)	(3,525)
Fair Value, Less Than 12 Months, Held-to-maturity	23,897	0
Gross Unrealized Holding Losses, Less Than 12 Months, Held-to-maturity	(104)	0
Fair Value, 12 Months or Longer, Held-to-maturity	166,193	203,254
Gross Unrealized Holding Losses, 12 Months or Longer, Held-to-maturity	(2,354)	(12,081)
Fair Value, Held-to-maturity	190,090	203,254
Gross Unrealized Holding Losses, Held-to-maturity	(2,458)	(12,081)
Government Agency/GSE [Member]
Schedule of Investments [Line Items]
Fair Value, Less Than 12 Months, Held-to-maturity	28,359	7,479
Gross Unrealized Holding Losses, Less Than 12 Months, Held-to-maturity	(252)	(15)
Fair Value, 12 Months or Longer, Held-to-maturity	19,405	54,944
Gross Unrealized Holding Losses, 12 Months or Longer, Held-to-maturity	(405)	(2,607)
Fair Value, Held-to-maturity	47,764	62,423
Gross Unrealized Holding Losses, Held-to-maturity	(657)	(2,622)
Mortgage-backed Securities [Member]
Schedule of Investments [Line Items]
Fair Value, Less Than 12 Months, Available-for-sale	20,289	692,311
Gross Unrealized Holding Losses, Less Than 12 Months, Available-for-sale	(6)	(4,864)
Fair Value, 12 Months or Longer, Available-for-sale	97,964	593,367
Gross Unrealized Holding Losses, 12 Months or Longer, Available-for-sale	(744)	(16,082)
Fair Value, Available-for-sale	118,253	1,285,678
Gross Unrealized Holding Losses, Available-for-sale	(750)	(20,946)
Fair Value, Less Than 12 Months, Held-to-maturity	10,411	59,871
Gross Unrealized Holding Losses, Less Than 12 Months, Held-to-maturity	(54)	(484)
Fair Value, 12 Months or Longer, Held-to-maturity	0	90,863
Gross Unrealized Holding Losses, 12 Months or Longer, Held-to-maturity	0	(2,656)
Fair Value, Held-to-maturity	10,411	150,734
Gross Unrealized Holding Losses, Held-to-maturity	(54)	(3,140)
Municipal Bonds [Member]
Schedule of Investments [Line Items]
Fair Value, Less Than 12 Months, Available-for-sale	0	9,568
Gross Unrealized Holding Losses, Less Than 12 Months, Available-for-sale	0	(188)
Fair Value, 12 Months or Longer, Available-for-sale	563	14,181
Gross Unrealized Holding Losses, 12 Months or Longer, Available-for-sale	(2)	(955)
Fair Value, Available-for-sale	563	23,749
Gross Unrealized Holding Losses, Available-for-sale	(2)	(1,143)
Fair Value, Less Than 12 Months, Held-to-maturity	7,583	70,989
Gross Unrealized Holding Losses, Less Than 12 Months, Held-to-maturity	(32)	(778)
Fair Value, 12 Months or Longer, Held-to-maturity	29,981	77,723
Gross Unrealized Holding Losses, 12 Months or Longer, Held-to-maturity	(533)	(5,410)
Fair Value, Held-to-maturity	37,564	148,712
Gross Unrealized Holding Losses, Held-to-maturity	$ (565)	$ (6,188)

Premises and Equipment - Additional Information (Detail) $ in Millions	12 Months Ended
	Dec. 31, 2019 USD ($)	Dec. 31, 2018 USD ($)	Dec. 31, 2017 USD ($)	Jun. 30, 2019 Banking
Property, Plant and Equipment [Line Items]
Number of branches owned by merger company \| Banking				10
Gain on sale of property plant equipment	$ 4.8
Depreciation and amortization expense	$ 6.8	$ 6.5	$ 4.9

Income Taxes - Components of Net Deferred Tax Asset (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Deferred tax assets:
Bad debt and credit loss deduction	$ 24,282	$ 22,402
Net operating loss carryforward	75	141
Deferred compensation	6,942	6,109
PCI loans	2,299	2,556
California franchise tax	4,281	837
Accrued expense	4,831	4,865
Unrealized loss on investment securities, net	0	7,508
Acquired loan discounts	15,180	25,555
Lease liability	6,175
Other, net	1,453	2,624
Gross deferred tax asset	65,518	72,597
Deferred tax liabilities:
Depreciation	3,895	4,440
Intangibles—acquistions	16,941	19,843
FHLB stock	2,525	2,527
Deferred income	3,055	2,716
Right of use asset	5,893
Unrealized gain on investment securities, net	6,968
Gross deferred tax liability	39,277	29,526
Net deferred tax asset	$ 26,241	$ 43,071

Goodwill and Other Intangible Assets - Changes in Carrying Amount of Goodwill (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Balance, beginning of period	$ 666,539	$ 116,564
Addition due to acqusitions		549,975
Measurement period adjustments	(2,832)
Balance, end of period	$ 663,707	$ 666,539

Other Comprehensive Income - Summary of Components of OCI (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Equity [Abstract]
Net change in fair value recorded in accumulated OCI, Before-tax	$ 45,486	$ (26,435)	$ (11,336)
Net change in fair value recorded in accumulated OCI, Tax effect	(13,447)	7,815	4,760
Net change in fair value recorded in accumulated OCI, After-tax	32,039	(18,620)	(6,576)
Net realized gain reclassified into earnings Before-tax	(5)	0	(402)
Net realized gain reclassified into earnings Tax effect	1	0	169
Net realized gain reclassified into earnings After-tax	(4)	0	(233)
Amortization of unrealized losses on securities transferred from available-for-sale to held-to-maturity, Before-tax	(1,614)	(2,091)	(3,293)
Amortization of unrealized losses on securities transferred from available-for-sale to held-to-maturity, Tax effect	477	619	1,383
Amortization of unrealized losses on securities transferred from available-for-sale to held-to-maturity, After-tax	(1,137)	(1,472)	(1,910)
Net change, Before-tax	43,867	(28,526)	(15,031)
Net change, Tax effect	(12,969)	8,434	6,312
Net change, After-tax	$ 30,898	$ (20,092)	$ (8,719)

Revenue Recognition - Summary of Non Interest Income, Segregated by Revenue Streams in-Scope and Out-of-Scope of Topic 606 (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Noninterest income:
Gain on OREO, net	$ 105	$ 3,540	$ 0
Other	9,956	6,588	6,196
Total noninterest income	59,042	43,481	42,118
Service Charges on Deposit Accounts [Member]
Noninterest income:
Revenue from contract with customer	20,010	17,070	15,809
Trust and Investment Services [Member]
Noninterest income:
Revenue from contract with customer	9,525	8,774	9,845
Bankcard Services [Member]
Noninterest income:
Revenue from contract with customer	3,163	3,485	3,406
Accounting Standards Update 2014-09 [Member]
Noninterest income:
Gain on OREO, net	129	3,546	6
Other	9,951	6,588	4,888
Total noninterest income	42,778	39,463	33,954
Accounting Standards Update 2014-09 [Member] \| Service Charges on Deposit Accounts [Member]
Noninterest income:
Revenue from contract with customer	20,010	17,070	15,809
Accounting Standards Update 2014-09 [Member] \| Trust and Investment Services [Member]
Noninterest income:
Revenue from contract with customer	9,525	8,774	9,845
Accounting Standards Update 2014-09 [Member] \| Bankcard Services [Member]
Noninterest income:
Revenue from contract with customer	3,163	3,485	3,406
Accounting Standards Update 2014-09 Not Adopted [Member]
Noninterest income:
Total noninterest income	$ 16,264	$ 4,018	$ 8,164

Leases (Tables)

12 Months Ended

Dec. 31, 2019

Leases [Abstract]

Components of lease costs and supplemental information related to leases

The following presents the components of lease costs and supplemental information related to leases as of December 31, 2019.


	December 31, 2019
	(Dollars in thousands)
Lease Assets and Liabilities
ROU assets	$	18,522
Total lease liabilities		21,392


	Year Ended December 31, 2019
	(Dollars in thousands)
Lease Cost
Operating lease expense (1)	$	7,274
Sublease income		-

Total lease expense	$	7,274

(1)

Includes short-term leases and variable lease costs, which are immaterial.


Other Information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows from operating leases , net	$	8,497

Lease Term and Discount Rate
	December 31, 2019
Weighted average remaining lease term (years)		4.18
Weighted average discount rate		3.34	%

Future lease payments required for leases that have initial or remaining non-cancelable lease terms

The future lease payments required for leases that have initial or remaining non-cancelable lease terms in excess of one year as of December 31, 2019, excluding property taxes and insurance, are as follows:


	December 31, 2019
	(Dollars in thousands)
Year:
2020	$	7,248
2021		5,512
2022		4,325
2023		2,542
2024		1,495
Thereafter		1,781

Total future lease payments		22,903
Less: Imputed interest		(1,511	)

Present value of lease liabilities	$	21,392

Loans and Lease Finance Receivables and Allowance for Loan Losses - Summary of Components of Loans and Lease Finance Receivables, excluding PCI Loans (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Sep. 30, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Accounts, Notes, Loans and Financing Receivable [Line Items]
Construction	$ 116,925		$ 122,782
Total Gross loans	7,568,319		7,769,439
Less: Deferred loan fees, net	(3,742)		(4,828)
Gross loans, net of deferred loan fees	7,564,577		7,764,611
Less: Allowance for loan losses	(68,660)		(63,613)	$ (59,585)	$ (61,540)
Total loans and lease finance receivables	7,495,917		7,700,998
Commercial And Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable gross	935,127		1,002,728
SBA [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable gross	305,008		351,301
Commercial real estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable gross	5,374,617		5,408,636
SFR mortgage [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable gross	283,468		296,649
Dairy & livestock and agribusiness [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable gross	383,709		394,543
Municipal Lease Finance Receivables [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable gross	53,146		64,186
Less: Allowance for loan losses	(623)		(775)	(851)	(941)
Consumer and other loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable gross	116,319		128,614
PCI Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Construction			0
Total Gross loans			17,214
Less: Deferred loan fees, net			0
Gross loans, net of deferred loan fees			17,214
Less: Allowance for loan losses			(204)	$ (367)	$ (1,219)
Total loans and lease finance receivables			17,010
PCI Loans [Member] \| Commercial And Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable gross			519
PCI Loans [Member] \| SBA [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable gross			1,258
PCI Loans [Member] \| Commercial real estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable gross			14,407
PCI Loans [Member] \| SFR mortgage [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable gross			145
PCI Loans [Member] \| Dairy & livestock and agribusiness [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable gross			700
PCI Loans [Member] \| Municipal Lease Finance Receivables [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable gross			0
PCI Loans [Member] \| Consumer and other loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable gross			185
Loans, Excluding PCI Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable gross	383,700
Construction			122,782
Total Gross loans	7,568,319	$ 7,568,319	7,752,225
Less: Deferred loan fees, net			(4,828)
Gross loans, net of deferred loan fees			7,747,397
Less: Allowance for loan losses			(63,409)
Total loans and lease finance receivables			7,683,988
Loans, Excluding PCI Loans [Member] \| Commercial And Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable gross	935,127		1,002,209
Loans, Excluding PCI Loans [Member] \| SBA [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable gross	305,008		350,043
Loans, Excluding PCI Loans [Member] \| Commercial real estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable gross			5,394,229
Loans, Excluding PCI Loans [Member] \| SFR mortgage [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable gross	283,468		296,504
Loans, Excluding PCI Loans [Member] \| Dairy & livestock and agribusiness [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable gross	383,709		393,843
Loans, Excluding PCI Loans [Member] \| Municipal Lease Finance Receivables [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable gross	53,146		64,186
Total Gross loans		$ 53,146	64,186
Loans, Excluding PCI Loans [Member] \| Consumer and other loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable gross	$ 116,319		$ 128,429

Stock-Based Compensation Plans

12 Months Ended

Dec. 31, 2019

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Stock Based Compensation Plans

17.	STOCK-BASED COMPENSATION PLANS

In May 2018, the shareholders approved the 2018 Equity Plan which authorizes the issuance of up to 9,000,000 shares of CVB’s common stock for eligible participants, which include all of the Company’s employees, officers, and directors, and expires in 2028. The plan authorizes the issuance of a variety of types of equity awards, which include incentive stock options,

non-qualified

stock options, restricted stock awards (“RSAs”), restricted stock units (“RSUs”), and other stock-based awards. The 2018 Equity Plan replaced the 2008 Equity Incentive Plan. No further grants will be made under the 2008 Equity Incentive Plan, but shares may continue to be issued under such plan pursuant to grants previously made. As of December 31, 2019, we have 312,500 outstanding options, unvested RSAs under our 2008 Equity Incentive Plan.

Stock Options

The Company expensed $352,000, $400,000, and $399,000, for the years ended December 31, 2019, 2018 and 2017, respectively.

The estimated fair value of the options granted during 2019 and prior years was calculated using the Black-Scholes options pricing model. There were 1,500, 140,500 and 11,500 options granted during 2019, 2018 and 2017, respectively. The options will vest, in equal installments, over a five-year period

The fair value of each stock option granted in 2019, 2018 and 2017, was estimated on the date of grant using the following weighted-average assumptions.


	Year Ended December 31,
	2019			2018			2017
Dividend yield		2.4	%		2.4	%		2.2	%
Volatility		23.3	%		25.4	%		29.6	%
Risk-free interest rate		2.5	%		2.9	%		1.8	%
Expected life		5.4 years			5.4 years			5.6 years
Weighted average grant date fair value	$	4.35		$	5.08		$	5.17

The expected volatility is solely based on the daily historical stock price volatility over the expected option life. The expected life of options granted is derived from the output of the option valuation model and represents the period of time an optionee will hold an option before exercising it. The risk-free rate for periods within the contractual life of the option is based on the U.S. Treasury five-year constant maturity yield curve in effect at the time of the grant. In connection with the adoption of ASU

2016-09

in 2017, the Company elected to account for forfeitures as they occur, rather than to estimate forfeitures over the vesting period.

The following table presents option activity under the Company’s stock option plans as of and for the year ended December 31, 2019.


	Number of Stock Options Outstanding			Weighted Average Exercise Price		Weighted Average Remaining Contractual Term		Aggregate Intrinsic Value
	(In thousands)					(In years)		(In thousands)
Outstanding at January 1, 2019		532		$	16.73
Granted		2			23.12
Exercised		(161	)		13.78
Forfeited or expired		(14	)		19.00

Outstanding at December 31, 2019		359		$	17.99		6.05	$	1,587

Vested or expected to vest at December 31, 2019		359		$	17.99		6.05	$	1,587
Exercisable at December 31, 2019		212		$	15.58		4.76	$	1,364

The total intrinsic value of options exercised during the years ended December 31, 2019, 2018 and 2017 was $1.3 million, $2.2 million and $3.8 million, respectively.

As of December 31, 2019, there was a total of $564,000 in unrecognized compensation cost related to nonvested options granted under the Plan. That cost is expected to be recognized over a weighted-average period of approximately 2.2 years. The total fair value of options vested was $520,000, $364,000 and $505,000 during 2019, 2018 and 2017, respectively. Cash received from stock option exercises was $2.2 million, $1.7 million and $2.7 million, in 2019, 2018 and 2017, respectively.

At December 31, 2019, options for the purchase of 358,600 shares of CVB’s common stock were outstanding under the above plans, of which options to purchase 212,133 shares were exercisable at prices ranging from $7.68 to $24.83.

The Company has a policy of issuing new shares to satisfy share option exercises.

Restricted Stock Awards and Restricted Stock Units

The Company granted 217,000, 424,000 and 73,000 restricted stock awa

ds during 2019, 2018 and 2017 respectively. The weighted average grant date fair value of RSAs and RSUs granted in 2019, 2018 and 2017 was $20.76 per share, $23.84 per share and $21.59 per share, respectively. These awards will vest, in equal installments, over a period of

approximately

one

five years

Compensation

cost is recognized over the requisite service period, which is approximately one to five years, and amounted to $5.2 million, $3.1 million and $2.6 million during the years ended December 31, 2019, 2018 and 2017, respectively. Total unrecognized compensation cost related to RSAs and RSUs was $6.3 million at December 31, 2019.

The table below summarizes activity related to the Company’s

non-vested

RSAs and RSUs for the year ended December 31, 2019.


	Shares			Weighted Average Fair Value
	(In thousands)
Nonvested at January 1, 2019		624		$	21.56
Granted		217			20.76
Vested		(220	)		19.59
Forfeited		(180	)		23.75

Nonvested at December 31, 2019		441		$	21.25

Under the 2018 Equity Incentive Plan, 8,060,466 shares of common stock were available for the granting of future stock-based awards as of December 31, 2019.

Deposits (Tables)

12 Months Ended

Dec. 31, 2019

Scheduled Maturities of Time Certificates of Deposit

Composition of Deposits

The composition of deposits is summarized for the periods presented in the table below.


	December 31,
	2019					2018
	Amount		Percent			Amount		Percent
	(Dollars in thousands)
Noninterest-bearing deposits	$	5,245,517		60.26	%	$	5,204,787		58.96	%
Interest-bearing deposits
Investment checking		454,565		5.22	%		460,972		5.22	%
Money market		2,158,161		24.79	%		2,236,018		25.33	%
Savings		400,377		4.60	%		393,769		4.46	%
Time deposits		446,308		5.13	%		531,944		6.03	%

Total deposits	$	8,704,928		100.00	%	$	8,827,490		100.00	%

At December 31, 2019, the scheduled maturities of time certificates of deposit are as follows.


	December 31, 2019
Year of maturity:	(Dollars in thousands)
2020	$	367,102
2021		58,488
2022		9,487
2023		1,616
2024 and thereafter		9,615

Total	$	446,308

Investment Securities - Summary of Amortized Cost and Fair Value of Debt Securities by Contractual Maturity (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Investments, Debt and Equity Securities [Abstract]
Due in one year or less, Amortized Cost, Held-to-maturity	$ 0
Due after one year through five years, Amortized Cost, Held-to-maturity	339,132
Due after five years through ten years, Amortized Cost, Held-to-maturity	140,143
Due after ten years, Amortized Cost, Held-to-maturity	195,177
Total Held-to-maturity, Debt Maturities, Amortized Cost Basis	674,452
Due in one year or less, Fair Value, Held-to-maturity	0
Due after one year through five years, Fair Value, Held-to-maturity	338,758
Due after five years through ten years, Fair Value, Held-to-maturity	141,903
Due after ten years, Fair Value, Held-to-maturity	198,287
Total, Held-to-maturity, Fair Value	678,948
Due in one year or less, Amortized Cost, Available-for-sale	16,048
Due after one year through five years, Amortized Cost, Available-for-sale	1,414,580
Due after five years through ten years, Amortized Cost, Available-for-sale	266,108
Due after ten years, Amortized Cost, Available-for-sale	21,621
Amortized Cost, Available-for-sale	1,718,357	$ 1,757,666
Due in one year or less, Fair Value, Available-for-sale	16,175
Due after one year through five years, Fair Value, Available-for-sale	1,435,647
Due after five years through ten years, Fair Value, Available-for-sale	266,349
Due after ten years, Fair Value, Available-for-sale	22,086
Total Available-for-sale Securities, Debt Maturities, Available-for-sale, Fair Value	$ 1,740,257	$ 1,734,085

Earnings Per Share Reconciliation

12 Months Ended

Dec. 31, 2019

Earnings Per Share [Abstract]

Earnings Per Share Reconciliation

16.	EARNINGS PER SHARE RECONCILIATION

Basic earnings per common share are computed by dividing income allocated to common stockholders by the weighted-average number of common shares outstanding during each period. The computation of diluted earnings per common share considers the number of shares issuable upon the assumed exercise of outstanding common stock options. Antidilutive common shares are not included in the calculation of diluted earnings per common share. For the years ended December 31, 2019, 2018 and 2017, shares deemed to be antidilutive, and thus excluded from the computation of earnings per common share were 183,000, 160,000 and 9,000, respectively.

The table below shows earnings per common share and diluted earnings per common share, and reconciles the numerator and denominator of both earnings per common share calculations.


	Year Ended December 31,
	2019		2018		2017
	(In thousands, except per share amounts)
Earnings per common share:
Net earnings	$	207,827	$	152,003	$	104,411
Less: Net earnings allocated to restricted stock		488		429		382

Net earnings allocated to common shareholders	$	207,339	$	151,574	$	104,029


Weighted average shares outstanding		139,757		121,670		109,409

Basic earnings per common share	$	1.48	$	1.25	$	0.95


Diluted earnings per common share:
Net income allocated to common shareholders	$	207,339	$	151,574	$	104,029


Weighted average shares outstanding		139,757		121,670		109,409
Incremental shares from assumed exercise of outstanding options		177		287		398

Diluted weighted average shares outstanding		139,934		121,957		109,807
Diluted earnings per common share	$	1.48	$	1.24	$	0.95

Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2019

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Fair Value of Derivative Instruments

As of December 31, 2019 and 2018, the total notional amount of the Company’s swaps was $260.0 million and $195.4 million, respectively. The location of the asset and liability, and their respective fair values are summarized in the tables below.

December 31, 2019

Asset Derivatives

Liability Derivatives

Balance Sheet
Location

Fair
Value

Balance Sheet
Location

Fair
Value

(Dollars in thousands)

Derivatives not designated as hedging instruments:

Interest rate swaps

Other assets

11,502

Other liabilities

11,502

Total derivatives

11,502

December 31, 2018

Asset Derivatives

Liability Derivatives

Balance Sheet
Location

Fair Value

Balance Sheet
Location

Fair Value

(Dollars in thousands)

Derivatives not designated as hedging instruments:

Interest rate swaps

Other assets

1,938

Other liabilities

1,938

Total derivatives

1,938

Effect of Derivative Instruments on Consolidated Statement of Earnings

The following table summarizes the effect of derivative financial instruments on the consolidated statements of earnings for the periods presented.


Derivatives Not Designated as Hedging Instruments	Location of Gain Recognized in Income on Derivative Instruments	Amount of Gain Recognized in Income on Derivative Instruments
		Year Ended December 31,
		2019		2018		2017
		(Dollars in thousands)
Interest rate swaps	Other income	$	1,806	$	340	$	615

Total		$	1,806	$	340	$	615

Condensed Financial Information of Parent Company (Tables)

12 Months Ended

Dec. 31, 2019

Condensed Financial Information Disclosure [Abstract]

Condensed Balance Sheets

CONDENSED BALANCE SHEETS


	December 31,
	2019		2018
	(Dollars in thousands)
Assets
Investment in subsidiaries	$	2,003,692	$	1,865,609
Other assets, net		42,070		31,628

Total assets	$	2,045,762	$	1,897,237

Liabilities	$	51,664	$	46,047
Stockholders’ equity		1,994,098		1,851,190

Total liabilities and stockholders’ equity	$	2,045,762	$	1,897,237

Condensed Statements of Earnings

CONDENSED STATEMENTS OF EARNINGS


	Year Ended December 31,
	2019			2018			2017
	(Dollars in thousands)
Excess in net earnings of subsidiaries	$	107,185		$	78,601		$	50,253
Dividends from the Bank		106,000			77,800			57,000
Other expense, net		(5,358	)		(4,398	)		(2,842	)

Net earnings	$	207,827		$	152,003		$	104,411

Condensed Statements of Cash Flows

CONDENSED STATEMENTS OF CASH FLOWS


	Year Ended December 31,
	2019			2018			2017
	(Dollars in thousands)
Cash Flows from Operating Activities
Net earnings	$	207,827		$	152,003		$	104,411

Adjustments to reconcile net earnings to cash used in operating activities:
Earnings of subsidiaries		(213,185	)		(156,401	)		(107,253	)
Tax settlement received from the Bank		1,008			-			1,577
Stock-based compensation		5,548			3,508			2,953
Other operating activities, net		(2,417	)		(2,052	)		(1,725	)

Total adjustments		(209,046	)		(154,945	)		(104,448	)

Net cash used in operating activities		(1,219	)		(2,942	)		(37	)

Cash Flows from Investing Activities
Dividends received from the Bank		106,000			77,800			57,000

Net cash provided by investing activities		106,000			77,800			57,000

Cash Flows from Financing Activities
Cash dividends on common stock		(95,352	)		(65,966	)		(57,047	)
Proceeds from exercise of stock options		2,215			1,701			2,683
Repurchase of common stock		(2,640	)		(7,760	)		(1,128	)

Net cash used in financing activities		(95,777	)		(72,025	)		(55,492	)

Net increase in cash and cash equivalents		9,004			2,833			1,471
Cash and cash equivalents, beginning of period		22,050			19,217			17,746

Cash and cash equivalents, end of period	$	31,054		$	22,050		$	19,217

Borrowings - Additional Information (Detail) - USD ($)		12 Months Ended
Borrowings - Additional Information (Detail) - USD ($)	Jan. 31, 2006	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2006
Debt Instrument [Line Items]
Funds borrowed under repurchase agreement		$ 428,659,000	$ 442,255,000
Weighted average interest rates		0.44%	0.39%
Loans at carrying value		$ 6,030,000,000.00	$ 5,710,000,000
Investment securities at carrying value		1,640,000,000	1,660,000,000
Overnight borrowings			$ 280,000,000.0
Overnight borrowings with cost basis points			2.53%
Period of LIBOR				1 year
Collateral Pledged [Member]
Debt Instrument [Line Items]
Investment securities at carrying value		$ 1,640,000,000
CVB Statutory Trust III [Member] \| Junior Subordinated Debenture Held by CVB Statutory Trust III [Member]
Debt Instrument [Line Items]
Trust preferred securities, offered fair value	$ 25,000,000
Proceeds from the offering and other cash	$ 25,774,000
Maximum Period of Deferred payments of interest		20 consecutive quarters.
Trust Preferred Securities, maturity date		Mar. 15, 2036
Trust Preferred Securities, interest rate in excess of LIBOR				1.38%
Trust Preferred Securities callable date		Mar. 15, 2011

Quarterly Financial Data (Tables)

12 Months Ended

Dec. 31, 2019

Quarterly Financial Information Disclosure [Abstract]

Summarized Quarterly Financial Data

The following table sets forth our unaudited, quarterly results for the periods indicated.


	Three Months Ended
	December 31,		September 30,		June 30,			March 31,
	(Dollars in thousands, except per share amounts)
2019
Net interest income	$	107,020	$	108,159	$	111,057		$	109,536
Provision for loan losses		-		1,500		2,000			1,500
Net earnings		51,281		50,423		54,481			51,642
Basic earnings per common share		0.37		0.36		0.39			0.37
Diluted earnings per common share		0.37		0.36		0.39			0.37
2018
Net interest income	$	113,016	$	92,820	$	72,688		$	70,521
Provision for (recapture of) loan losses		3,000		500		(1,000	)		(1,000	)
Net earnings		43,159		38,558		35,373			34,913
Basic earnings per common share		0.31		0.30		0.32			0.32
Diluted earnings per common share		0.31		0.30		0.32			0.32

Stock-Based Compensation Plans (Tables)

12 Months Ended

Dec. 31, 2019

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Estimated Fair Value of Stock Options

The fair value of each stock option granted in 2019, 2018 and 2017, was estimated on the date of grant using the following weighted-average assumptions.


	Year Ended December 31,
	2019			2018			2017
Dividend yield		2.4	%		2.4	%		2.2	%
Volatility		23.3	%		25.4	%		29.6	%
Risk-free interest rate		2.5	%		2.9	%		1.8	%
Expected life		5.4 years			5.4 years			5.6 years
Weighted average grant date fair value	$	4.35		$	5.08		$	5.17

Option Activity under Company's Stock Option Plans

The following table presents option activity under the Company’s stock option plans as of and for the year ended December 31, 2019.


	Number of Stock Options Outstanding			Weighted Average Exercise Price		Weighted Average Remaining Contractual Term		Aggregate Intrinsic Value
	(In thousands)					(In years)		(In thousands)
Outstanding at January 1, 2019		532		$	16.73
Granted		2			23.12
Exercised		(161	)		13.78
Forfeited or expired		(14	)		19.00

Outstanding at December 31, 2019		359		$	17.99		6.05	$	1,587

Vested or expected to vest at December 31, 2019		359		$	17.99		6.05	$	1,587
Exercisable at December 31, 2019		212		$	15.58		4.76	$	1,364

Summary of Status of Company's Non-Vested Restricted Shares

The table below summarizes activity related to the Company’s

non-vested

RSAs and RSUs for the year ended December 31, 2019.


	Shares			Weighted Average Fair Value
	(In thousands)
Nonvested at January 1, 2019		624		$	21.56
Granted		217			20.76
Vested		(220	)		19.59
Forfeited		(180	)		23.75

Nonvested at December 31, 2019		441		$	21.25

Business Combinations - Business Acquisition Pro Forma Information (Detail) - Community Bank [Member] - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Business Acquisitions ProForma Information [Line Items]
Total revenues (net interest income plus noninterest income)	$ 488,620	$ 477,235
Net income	$ 181,433	$ 139,129
Earnings per share - basic	$ 1.30	$ 1.00
Earnings per share - diluted	$ 1.29	$ 0.99

Loans and Lease Finance Receivables and Allowance for Loan Losses - Schedule of Balance and Activity Related to Allowance for Loan Losses for Held-for-Investment Loans by Type (Detail) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning Balance				$ 63,613				$ 59,585	$ 63,613	$ 59,585	$ 61,540
Charge-offs									(454)	(291)	(151)
Recoveries									501	2,819	6,696
Provision for loan losses	$ 0	$ 1,500	$ 2,000	1,500	$ 3,000	$ 500	$ (1,000)	(1,000)	5,000	1,500	(8,500)
Ending Balance	68,660				63,613				68,660	63,613	59,585
Beginning Balance					63,613					63,613
PCI Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning Balance				204				367	204	367	1,219
Charge-offs										0	0
Recoveries										0	0
Provision for loan losses										(163)	(852)
Ending Balance					204					204	367
Commercial and Industrial [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning Balance				7,520				7,280	7,520	7,280	8,154
Charge-offs									(48)	(10)	(138)
Recoveries									255	82	118
Provision for loan losses									1,145	168	(854)
Ending Balance	8,880				7,520				8,880	7,520	7,280
Beginning Balance					7,528					7,528
Small Business Administration [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning Balance				1,062				869	1,062	869	871
Charge-offs									(321)	(257)	0
Recoveries									9	20	78
Provision for loan losses									687	430	(80)
Ending Balance	1,453				1,062				1,453	1,062	869
Beginning Balance					1,078					1,078
Commercial Real Estate [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning Balance				44,934				41,722	44,934	41,722	37,443
Charge-offs									0	0	0
Recoveries									0	0	154
Provision for loan losses									3,532	3,212	4,125
Ending Balance	48,629				44,934				48,629	44,934	41,722
Beginning Balance					45,097					45,097
Construction [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning Balance				981				984	981	984	1,096
Charge-offs									0	0	0
Recoveries									12	2,506	6,036
Provision for loan losses									(135)	(2,509)	(6,148)
Ending Balance	858				981				858	981	984
Beginning Balance					981					981
SFR Mortgage [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning Balance				2,196				2,112	2,196	2,112	2,287
Charge-offs									0	(13)	0
Recoveries									196	51	212
Provision for loan losses									(54)	46	(387)
Ending Balance	2,339				2,196				2,339	2,196	2,112
Beginning Balance					2,197					2,197
Dairy & Livestock and Agribusiness [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning Balance				5,215				4,647	5,215	4,647	8,541
Charge-offs									(78)	0	0
Recoveries										19	19
Provision for loan losses									89	549	(3,913)
Ending Balance	5,255				5,215				5,255	5,215	4,647
Beginning Balance					5,225					5,225
Municipal Lease Finance Receivables [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning Balance				775				851	775	851	941
Charge-offs									0	0	0
Recoveries									0	0	0
Provision for loan losses									(152)	(76)	(90)
Ending Balance	623				775				623	775	851
Beginning Balance					775					775
Consumer and Other Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning Balance				$ 726				$ 753	726	753	988
Charge-offs									(7)	(11)	(13)
Recoveries										141	79
Provision for loan losses									(112)	(157)	(301)
Ending Balance	$ 623				726				$ 623	726	$ 753
Beginning Balance					$ 732					$ 732

Stock-Based Compensation Plans - Summary of Status of Company's Non-Vested Restricted Shares (Detail) - Restricted Stock [Member] shares in Thousands	12 Months Ended
	Dec. 31, 2019 $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Nonvested, Shares, Beginning Balance \| shares	624
Granted, Shares \| shares	217
Vested, Shares \| shares	(220)
Forfeited, Shares \| shares	(180)
Nonvested, Shares, Ending Balance \| shares	441
Nonvested, Weighted Average Fair Value, Beginning Balance \| $ / shares	$ 21.56
Granted, Weighted Average Fair Value \| $ / shares	20.76
Vested, Weighted Average Fair Value \| $ / shares	19.59
Forfeited, Weighted Average Fair Value \| $ / shares	23.75
Nonvested, Weighted Average Fair Value, Ending Balance \| $ / shares	$ 21.25

Income Taxes

12 Months Ended

Dec. 31, 2019

Income Tax Disclosure [Abstract]

Income Taxes

11.	INCOME TAXES

New tax legislation, referred to as the Tax Reform Act, was enacted on December 22, 2017. ASC 740, Accounting for Income Taxes, requires companies to recognize the effect of tax law changes in the period of enactment. Beginning in 2018, the Tax Reform Act reduces the federal tax rate for corporations from 35% to 21% and changes or limits certain tax deductions. During the fourth quarter of 2017, a $13.2 million

one-time

charge to income tax expense was recorded due to the tax rate reduction and

re-measurement

of our deferred taxes assets (“DTA”).

The current and deferred amounts of income tax expense consist of the following.


	Year Ended December 31,
	2019		2018		2017
	(Dollars in thousands)
Current provision:
Federal	$	51,564	$	31,055	$	44,153
State		29,487		20,546		17,151

		81,051		51,601		61,304

Deferred provision:
Federal		486		5,158		20,926
State		1,710		2,353		2,154

		2,196		7,511		23,080

Total	$	83,247	$	59,112	$	84,384

Income tax asset consists of the following.


	December 31,
	2019		2018
	(Dollars in thousands)
Current:
Federal	$	5,890	$	12,303
State		3,456		6,800

		9,346		19,103

Deferred:
Federal		17,580		27,334
State		8,661		15,737

		26,241		43,071

Total	$	35,587	$	62,174

Temporary differences between the amounts reported in the financial statements and the tax bases of assets and liabilities resulted in deferred taxes.

The components of the net deferred tax asset are as follows.


	December 31,
	2019		2018
	(Dollars in thousands)
Deferred tax assets:
Bad debt and credit loss deduction	$	24,282	$	22,402
Net operating loss carryforward		75		141
Deferred compensation		6,942		6,109
PCI loans		2,299		2,556
California franchise tax		4,281		837
Accrued expense		4,831		4,865
Unrealized loss on investment securities, net		-		7,508
Acquired loan discounts		15,180		25,555
Lease liability		6,175		-
Other, net		1,453		2,624

Gross deferred tax asset		65,518		72,597


Deferred tax liabilities:
Depreciation		3,895		4,440
Intangibles - acquisitions		16,941		19,843
FHLB Stock		2,525		2,527
Deferred income		3,055		2,716
Right of use asset		5,893		-
Unrealized gain on investment securities, net		6,968		-

Gross deferred tax liability		39,277		29,526

Net deferred tax asset	$	26,241	$	43,071

Annual Effective Tax Rate

The annual consolidated effective tax rate for the periods presented, is reconciled to the U.S. statutory income rate as follows.


	Year Ended December 31,
	2019						2018						2017
	Amount			Percent			Amount			Percent			Amount			Percent
	(Dollars in thousands)
Federal income tax at statutory rate	$	61,126			21.0	%	$	44,334			21.0	%	$	66,078			35.0	%
State franchise taxes, net of federal benefit		24,430			8.4	%		17,905			8.5	%		12,903			6.9	%
Tax-exempt income		(3,081	)		(1.1	% )		(2,991	)		(1.4	%)		(4,450	)		(2.4	%)
Tax credits		(2,153	)		(0.7	% )		(1,451	)		(0.7	%)		(1,096	)		(0.6	%)
Deferred tax asset revaluation adjustment		-			-			-			-			13,208			7.0	%
Other, net		2,925			1.0	%		1,315			0.6	%		(2,259	)		(1.2	%)

Provision for income taxes	$	83,247			28.6	%	$	59,112			28.0	%	$	84,384			44.7	%

There were no unrecognized tax benefits at December 31, 2019 and 2018. The Company records interest and penalties related to uncertain tax positions as part of other operating expense. We do not expect the total amount of unrecognized tax benefits to significantly increase or decrease within the next twelve months.

The Company is subject to federal income tax and franchise tax of the state of California. Our federal income tax returns for the years ended December 31, 201

through 2019 are open to audit by the federal authorities and our California state tax returns for the years ended December 31, 2013 through 2019 are open to audit by state authorities.

Goodwill and Other Intangible Assets - Summary of Amortizable Intangible Assets (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Balance of intangible assets, Gross CDI Carrying Amount, Beginning of period	$ 93,297	$ 41,097
Additions due to acquisitions		52,200
Balance of intangible assets, Gross CDI Carrying Amount, End of period	93,297	93,297	$ 41,097
Aggregate amortization expense, Gross CDI Carrying Amount	10,798	5,254	1,329
Estimated Amortization Expense:
Estimated Amortization Expense, 2020	9,352
Estimated Amortization Expense, 2021	8,240
Estimated Amortization Expense, 2022	7,126
Estimated Amortization Expense, 2023	6,010
Estimated Amortization Expense, Thereafter	12,258
Balance of intangible assets, Accumulated Amortization, Beginning of period	(39,513)	(34,259)
Balance of intangible assets, Accumulated Amortization, End of period	(50,311)	(39,513)	(34,259)
Balance of intangible assets, Net CDI Amount, Beginning of period	53,784	6,838
Balance of intangible assets, Net CDI Amount, End of period	$ 42,986	$ 53,784	$ 6,838

Balance Sheet Offsetting - Schedule of Balance Sheet Offsetting (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Offsetting Assets Liabilities [Line Items]
Financial assets, Net Amounts Presented in the Consolidated Balance Sheets	$ 11,502	$ 1,938
Financial liabilities, Gross Amounts Recognized in the Consolidated Balance Sheets	440,278	446,458
Financial liabilities, Gross Amounts Offset in the Consolidated Balance Sheets	(117)	(2,265)
Financial liabilities, Net Amounts Presented in the Consolidated Balance Sheets	440,161	444,193
Financial liabilities, Gross Amounts Not Offset in the Consolidated Balance Sheets, Financial Instruments	117	2,265
Financial liabilities, Gross Amounts Not Offset in the Consolidated Balance Sheets, Collateral Pledged	(533,450)	(487,607)
Financial liabilities, Gross Amounts Not Offset in the Consolidated Balance Sheets, Net Amount	(93,172)	(41,149)
Repurchase Agreements [Member]
Offsetting Assets Liabilities [Line Items]
Financial liabilities, Gross Amounts Recognized in the Consolidated Balance Sheets	428,659	442,255
Financial liabilities, Gross Amounts Offset in the Consolidated Balance Sheets	0	0
Financial liabilities, Net Amounts Presented in the Consolidated Balance Sheets	428,659	442,255
Financial liabilities, Gross Amounts Not Offset in the Consolidated Balance Sheets, Financial Instruments	0	0
Financial liabilities, Gross Amounts Not Offset in the Consolidated Balance Sheets, Collateral Pledged	(510,138)	(487,607)
Financial liabilities, Gross Amounts Not Offset in the Consolidated Balance Sheets, Net Amount	(81,479)	(45,352)
Interest Rate Swaps [Member]
Offsetting Assets Liabilities [Line Items]
Financial assets, Gross Amounts Recognized in the Consolidated Balance Sheets	11,502	1,938
Financial assets, Gross Amounts Offset in the Consolidated Balance Sheets	0	0
Financial assets, Net Amounts Presented in the Consolidated Balance Sheets	0	0
Financial assets, Gross Amounts Not Offset in the Consolidated Balance Sheets, Financial Instruments	11,502	1,938
Financial assets, Gross Amounts Not Offset in the Consolidated Balance Sheets, Collateral Pledged	0	0
Financial assets, Gross Amounts Not Offset in the Consolidated Balance Sheets, Net Amount	11,502	1,938
Interest Rate Swaps [Member] \| Derivatives Not Designated as Hedging Instruments [Member]
Offsetting Assets Liabilities [Line Items]
Financial assets, Gross Amounts Recognized in the Consolidated Balance Sheets	11,502	1,938
Financial assets, Gross Amounts Offset in the Consolidated Balance Sheets	0	0
Financial assets, Net Amounts Presented in the Consolidated Balance Sheets	0	0
Financial assets, Gross Amounts Not Offset in the Consolidated Balance Sheets, Financial Instruments	11,502	1,938
Financial assets, Gross Amounts Not Offset in the Consolidated Balance Sheets, Collateral Pledged	0	0
Financial assets, Gross Amounts Not Offset in the Consolidated Balance Sheets, Net Amount	11,502	1,938
Financial liabilities, Gross Amounts Recognized in the Consolidated Balance Sheets	11,619	4,203
Financial liabilities, Gross Amounts Offset in the Consolidated Balance Sheets	(117)	(2,265)
Financial liabilities, Net Amounts Presented in the Consolidated Balance Sheets	11,502	1,938
Financial liabilities, Gross Amounts Not Offset in the Consolidated Balance Sheets, Financial Instruments	117	2,265
Financial liabilities, Gross Amounts Not Offset in the Consolidated Balance Sheets, Collateral Pledged	(23,312)	0
Financial liabilities, Gross Amounts Not Offset in the Consolidated Balance Sheets, Net Amount	$ (11,693)	$ 4,203

Fair Value Information - Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate swaps, assets	$ 11,502	$ 1,938
Interest rate swaps, liabilities	440,161	444,193
Interest Rate Swaps [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate swaps, assets	0	0
Carrying Value [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate swaps, assets	11,502	1,938
Interest rate swaps, liabilities	11,502	1,938
Fair Value on Recurring Basis [Member] \| Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	0	0
Total liabilities	0	0
Fair Value on Recurring Basis [Member] \| Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	1,751,759	1,736,023
Total liabilities	11,502	1,938
Fair Value on Recurring Basis [Member] \| Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	0	0
Total liabilities	0	0
Fair Value on Recurring Basis [Member] \| Municipal Bonds [Member] \| Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities - AFS	0	0
Fair Value on Recurring Basis [Member] \| Municipal Bonds [Member] \| Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities - AFS	39,354	44,810
Fair Value on Recurring Basis [Member] \| Municipal Bonds [Member] \| Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities - AFS	0	0
Fair Value on Recurring Basis [Member] \| Mortgage-backed Securities [Member] \| Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities - AFS	0	0
Fair Value on Recurring Basis [Member] \| Mortgage-backed Securities [Member] \| Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities - AFS	1,206,313	1,474,508
Fair Value on Recurring Basis [Member] \| Mortgage-backed Securities [Member] \| Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities - AFS	0	0
Fair Value on Recurring Basis [Member] \| CMO/REMIC [Member] \| Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities - AFS	0	0
Fair Value on Recurring Basis [Member] \| CMO/REMIC [Member] \| Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities - AFS	493,710	214,051
Fair Value on Recurring Basis [Member] \| CMO/REMIC [Member] \| Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities - AFS	0	0
Fair Value on Recurring Basis [Member] \| Other Securities [Member] \| Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities - AFS	0	0
Fair Value on Recurring Basis [Member] \| Other Securities [Member] \| Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities - AFS	880	716
Fair Value on Recurring Basis [Member] \| Other Securities [Member] \| Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities - AFS	0	0
Fair Value on Recurring Basis [Member] \| Investment Securities-AFS [Member] \| Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities - AFS	0	0
Fair Value on Recurring Basis [Member] \| Investment Securities-AFS [Member] \| Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities - AFS	1,740,257	1,734,085
Fair Value on Recurring Basis [Member] \| Investment Securities-AFS [Member] \| Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities - AFS	0	0
Fair Value on Recurring Basis [Member] \| Interest Rate Swaps [Member] \| Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate swaps, assets	0	0
Interest rate swaps, liabilities	0	0
Fair Value on Recurring Basis [Member] \| Interest Rate Swaps [Member] \| Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate swaps, assets	11,502	1,938
Interest rate swaps, liabilities	11,502	1,938
Fair Value on Recurring Basis [Member] \| Interest Rate Swaps [Member] \| Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate swaps, assets	0	0
Interest rate swaps, liabilities	0	0
Fair Value on Recurring Basis [Member] \| Carrying Value [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	1,751,759	1,736,023
Total liabilities	11,502	1,938
Fair Value on Recurring Basis [Member] \| Carrying Value [Member] \| Municipal Bonds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities - AFS	39,354	44,810
Fair Value on Recurring Basis [Member] \| Carrying Value [Member] \| Mortgage-backed Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities - AFS	1,206,313	1,474,508
Fair Value on Recurring Basis [Member] \| Carrying Value [Member] \| CMO/REMIC [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities - AFS	493,710	214,051
Fair Value on Recurring Basis [Member] \| Carrying Value [Member] \| Other Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities - AFS	880	716
Fair Value on Recurring Basis [Member] \| Carrying Value [Member] \| Investment Securities-AFS [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities - AFS	1,740,257	1,734,085
Fair Value on Recurring Basis [Member] \| Carrying Value [Member] \| Interest Rate Swaps [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate swaps, assets	11,502	1,938
Interest rate swaps, liabilities	$ 11,502	$ 1,938

Regulatory Matters (Tables)

12 Months Ended

Dec. 31, 2019

Regulatory Capital Amounts and Ratios for Company and Bank

The following table summarizes regulatory capital amounts and ratios for the Company and the Bank as of December 31, 2019 and 2018.


	Actual					For Capital Adequacy Purposes						To Be Well Capitalized under Prompt Corrective Action Provisions
	Amount		Ratio			Amount			Ratio			Amount			Ratio
	(Dollars in thousands)

As of December 31, 2019:
Total Capital (to Risk-Weighted Assets)
Company	$	1,391,771		16.01	%	$	695,651	≥		8.00	%					N/A
Bank	$	1,376,364		15.83	%	$	695,471	≥		8.00	%	$	869,339	≥		10.00	%
Tier 1 Capital (to Risk-Weighted Assets)
Company	$	1,314,152		15.11	%	$	521,738	≥		6.00	%					N/A
Bank	$	1,298,745		14.94	%	$	521,604	≥		6.00	%	$	695,471	≥		8.00	%
Common equity Tier 1 capital ratio
Company	$	1,289,152		14.83	%	$	391,304	≥		4.50	%					N/A
Bank	$	1,298,745		14.94	%	$	391,203	≥		4.50	%	$	565,070	≥		6.50	%
Tier 1 Capital (to Average-Assets)
Company	$	1,314,152		12.33	%	$	426,497	≥		4.00	%					N/A
Bank	$	1,298,745		12.19	%	$	426,328	≥		4.00	%	$	532,909	≥		5.00	%
As of December 31, 2018:
Total Capital (to Risk-Weighted Assets)
Company	$	1,263,800		14.13	%	$	715,283	≥		8.00	%					N/A
Bank	$	1,253,219		14.03	%	$	714,601	≥		8.00	%	$	893,251	≥		10.00	%
Tier 1 Capital (to Risk-Weighted Assets)
Company	$	1,191,228		13.32	%	$	536,462	≥		6.00	%					N/A
Bank	$	1,180,647		13.22	%	$	535,951	≥		6.00	%	$	714,601	≥		8.00	%
Common equity Tier 1 capital ratio
Company	$	1,166,228		13.04	%	$	402,347	≥		4.50	%					N/A
Bank	$	1,180,647		13.22	%	$	401,963	≥		4.50	%	$	580,613	≥		6.50	%
Tier 1 Capital (to Average-Assets)
Company	$	1,191,228		10.98	%	$	433,834	≥		4.00	%					N/A
Bank	$	1,180,647		10.90	%	$	433,403	≥		4.00	%	$	541,754	≥		5.00	%

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Amount of unrecognized tax benefits		$ 0	$ 0
Deferred tax asset revaluation adjustment	$ 13,200			$ 13,208
Effective Income Tax Rate		21.00%	21.00%	35.00%

Deposits - Scheduled Maturities of Time Certificates of Deposit (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Year of maturity:
2020	$ 367,102
2021	58,488
2022	9,487
2023	1,616
2024 and thereafter	9,615
Total	$ 446,308	$ 531,944

Loans and Lease Finance Receivables and Allowance for Loan Losses

12 Months Ended

Dec. 31, 2019

Receivables [Abstract]

Loans and Lease Finance Receivables and Allowance for Loan Losses

6.	LOANS AND LEASE FINANCE RECEIVABLES AND ALLOWANCE FOR LOAN LOSSES

Prior to April 1, 2019, our loans and lease finance receivables consisted of purchase credit impaired (“PCI”) loans associated with the acquisition of San Joaquin Bank (SJB”) on October 16, 2009, and loans and lease finance receivables excluding PCI loans

(“Non-PCI

loans”). The PCI loans are more fully discussed in Note 3

–

Summary of Significant Accounting Policies

. At December 31, 2019 and December 31, 2018, the remaining

discount associated with the PCI loans was zero and our total gross PCI loan portfolio represented less than 0.2% of total gross loans and leases at December 31, 2019 and December 31, 2018. Beginning with June 30, 2019, PCI loans were accounted for and combined with

Non-PCI

loans and were reflected in total loans and lease finance receivables.

The following table provides a summary of total loans and lease finance receivables by type.


	December 31, 2019			December 31, 2018
	Total Loans and Leases			Non-PCI Loans and Leases			PCI Loans			Total Loans and Leases
	(Dollars in thousands)
Commercial and industrial	$	935,127		$	1,002,209		$	519		$	1,002,728
SBA		305,008			350,043			1,258			351,301
Real estate:
Commercial real estate		5,374,617			5,394,229			14,407			5,408,636
Construction		116,925			122,782			-			122,782
SFR mortgage		283,468			296,504			145			296,649
Dairy & livestock and agribusiness		383,709			393,843			700			394,543
Municipal lease finance receivables		53,146			64,186			-			64,186
Consumer and other loans		116,319			128,429			185			128,614

Gross loans		7,568,319			7,752,225			17,214			7,769,439
Less: Deferred loan fees, net		(3,742	)		(4,828	)		-			(4,828	)

Gross loans, net of deferred loan fees		7,564,577			7,747,397			17,214			7,764,611
Less: Allowance for loan losses		(68,660	)		(63,409	)		(204	)		(63,613	)

Total loans and lease finance receivables	$	7,495,917		$	7,683,988		$	17,010		$	7,700,998

As of December 31, 2019, 76.31% of the Company’s total gross loan portfolio consisted of real estate loans, with commercial real estate loans representing 71.01% of total loans. Substantially all of the Company’s real estate loans and construction loans are secured by real properties located in California. As of December 31, 2019, $241.8 million, or 4.50% of the total commercial real estate loans included loans secured by farmland, compared to $231.0 million, or 4.27%, at

December

2018

. The loans secured by farmland included $

125.9

million for loans secured by dairy & livestock land and $

115.9

million for loans secured by agricultural land at December

2019

, compared to $

126.9

million for loans secured by dairy & livestock land and $

104.1

million for loans secured by agricultural land at December

2018

. As of December

2019

, dairy & livestock and agribusiness loans of $

383.7

million were comprised of $

323.5

million for dairy & livestock loans and $

60.2

million for agribusiness loans, compared to $

340.5

million for dairy & livestock loans and $

54.0

million for agribusiness loans at December

2018

At December 31, 2019, the Company held approximately $3.86 billion of total fixed rate loans.

At December 31, 2019 and 2018, loans totaling $6.03 billion and $5.71 billion, respectively, were pledged to secure the borrowings and available lines of credit from the FHLB and the Federal Reserve Bank.

There were no outstanding loans

held-for-sale

as of December 31, 2019 and 2018.

Credit Quality Indicators

An important element of our approach to credit risk management is our loan risk rating system. The originating officer assigns each loan an initial risk rating, which is reviewed and confirmed or changed, as

appropriate, by credit management. Approvals are made based upon the amount of inherent credit risk specific to the transaction and are reviewed for appropriateness by senior line and credit management personnel. Credits are monitored by line and credit management personnel for deterioration or improvement in a borrower’s financial condition, which would impact the ability of the borrower to perform under the contract. Risk ratings are adjusted as necessary.

Loans are risk rated into the following categories (Credit Quality Indicators): Pass, Special Mention, Substandard, Doubtful and Loss. Each of these groups is assessed for the proper amount to be used in determining the adequacy of our allowance for losses. These categories can be described as follows:

Pass — These loans, including loans on the Bank’s internal watch list, range from minimal credit risk to lower than average, but still acceptable, credit risk. Watch list loans usually require more than normal management attention. Loans on the watch list may involve borrowers with adverse financial trends, higher debt/equity ratios, or weaker liquidity positions, but not to the degree of being considered a defined weakness or problem loan where risk of loss may be apparent.

Special Mention — Loans assigned to this category have potential weaknesses that deserve management’s close attention. If left uncorrected, these potential weaknesses may result in the deterioration of the repayment prospects for the asset or the Company’s credit position at some future date. Special mention assets are not adversely classified and do not expose the Company to sufficient risk to warrant adverse classification.

Substandard — Loans classified as substandard are inadequately protected by the current sound worth and paying capacity of the obligor or of the collateral pledged, if any. Assets so classified must have a well-defined weakness, or weaknesses, that jeopardize the liquidation of the debt. Substandard loans are characterized by the distinct possibility that the Company will sustain some loss if deficiencies are not corrected.

Doubtful — Loans classified as doubtful have all the weaknesses inherent in those classified substandard with the added characteristic that the weaknesses make collection or the liquidation in full, on the basis of currently existing facts, conditions and values, highly questionable and improbable.

Loss — Loans classified as loss are considered uncollectible and of such little value that their continuance as bankable assets is not warranted. This classification does not mean that the loan has absolutely no recovery or salvage value, but rather that it is not practical or desirable to defer writing off this asset with insignificant value even though partial recovery may be affected in the future.

The following table summarizes loans by type, according to our internal risk ratings as of the dates presented.


	December 31, 2019
	Pass		Special Mention		Substandard (1)		Doubtful & Loss		Total
	(Dollars in thousands)
Commercial and industrial	$	895,234	$	35,473	$	4,420	$	-	$	935,127
SBA		283,430		11,032		10,546		-		305,008
Real estate:
Commercial real estate
Owner occupied		1,977,007		78,208		28,435		-		2,083,650
Non-owner occupied		3,280,580		10,005		382		-		3,290,967
Construction
Speculative		106,895		-		-		-		106,895
Non-speculative		10,030		-		-		-		10,030
SFR mortgage		280,010		1,957		1,501		-		283,468
Dairy & livestock and agribusiness		320,670		35,920		27,119		-		383,709
Municipal lease finance receivables		52,676		470		-		-		53,146
Consumer and other loans		114,870		421		1,028		-		116,319

Total gross loans	$	7,321,402	$	173,486	$	73,431	$	-	$	7,568,319

(1)

Includes $26.8 million of classified loans acquired from CB in the third quarter of 2018.


	December 31, 2018 (1)
	Pass		Special Mention		Substandard (2)		Doubtful & Loss		Total
	(Dollars in thousands)
Commercial and industrial	$	961,909	$	29,358	$	10,942	$	-	$	1,002,209
SBA		336,033		7,375		6,635		-		350,043
Real estate:
Commercial real estate
Owner occupied		2,008,169		95,841		13,980		-		2,117,990
Non-owner occupied		3,260,822		9,938		5,479		-		3,276,239
Construction
Speculative		118,233		-		-		-		118,233
Non-speculative		4,549		-		-		-		4,549
SFR mortgage		289,607		3,310		3,587		-		296,504
Dairy & livestock and agribusiness		350,044		34,586		9,213		-		393,843
Municipal lease finance receivables		63,650		536		-		-		64,186
Consumer and other loans		126,085		1,263		1,081		-		128,429

Total gross loans	$	7,519,101	$	182,207	$	50,917	$	-	$	7,752,225

(1)

Excludes PCI loans of $17.2 million as of December 31, 2018, of which $15.8 million were rated pass, $1.2 million were rated special mention, $224,000 were rated substandard, and zero were rated doubtful & loss.

(2)

Includes $19.0 million of classified loans acquired from CB in the third quarter of 2018.

Allowance for Loan Losses

The Bank’s Audit and Director Loan Committees provide Board oversight of the ALLL process and approve the ALLL methodology on a quarterly basis.

Our methodology for assessing the appropriateness of the allowance is conducted on a regular basis and considers the Bank’s overall loan portfolio. Refer to Note 3 —

Summary of Significant Accounting Policies

for a more detailed discussion concerning the allowance for loan losses.

Management believes that the ALLL was appropriate at December 31, 2019 and 2018. No assurance can be given that economic conditions which adversely affect the Company’s service areas or other circumstances will not be reflected in increased provisions for loan losses in the future.

The following tables present the balance and activity related to the allowance for loan losses for

held-for-investment

loans by type for the periods presented.


	Year Ended December 31, 2019
	Ending Balance December 31, 2018		Charge-offs			Recoveries		Provision for (Recapture of) Loan Losses			Ending Balance December 31, 2019
	(Dollars in thousands)
Commercial and industrial	$	7,528	$	(48	)	$	255	$	1,145		$	8,880
SBA		1,078		(321	)		9		687			1,453
Real estate:
Commercial real estate		45,097		-			-		3,532			48,629
Construction		981		-			12		(135	)		858
SFR mortgage		2,197		-			196		(54	)		2,339
Dairy & livestock and agribusiness		5,225		(78	)		19		89			5,255
Municipal lease finance receivables		775		-			-		(152	)		623
Consumer and other loans		732		(7	)		10		(112	)		623

Total allowance for loan losses	$	63,613	$	(454	)	$	501	$	5,000		$	68,660


	Year Ended December 31, 2018
	Ending Balance December 31, 2017		Charge-offs			Recoveries		Provision for (Recapture of) Loan Losses			Ending Balance December 31, 2018
	(Dollars in thousands)
Commercial and industrial	$	7,280	$	(10	)	$	82	$	168		$	7,520
SBA		869		(257	)		20		430			1,062
Real estate:
Commercial real estate		41,722		-			-		3,212			44,934
Construction		984		-			2,506		(2,509	)		981
SFR mortgage		2,112		(13	)		51		46			2,196
Dairy & livestock and agribusiness		4,647		-			19		549			5,215
Municipal lease finance receivables		851		-			-		(76	)		775
Consumer and other loans		753		(11	)		141		(157	)		726
PCI loans		367		-			-		(163	)		204

Total allowance for loan losses	$	59,585	$	(291	)	$	2,819	$	1,500		$	63,613


	Year Ended December 31, 2017
	Ending Balance December 31, 2016		Charge-offs			Recoveries		(Recapture of) Provision for Loan Losses			Ending Balance December 31, 2017
	(Dollars in thousands)
Commercial and industrial	$	8,154	$	(138	)	$	118	$	(854	)	$	7,280
SBA		871		-			78		(80	)		869
Real estate:
Commercial real estate		37,443		-			154		4,125			41,722
Construction		1,096		-			6,036		(6,148	)		984
SFR mortgage		2,287		-			212		(387	)		2,112
Dairy & livestock and agribusiness		8,541		-			19		(3,913	)		4,647
Municipal lease finance receivables		941		-			-		(90	)		851
Consumer and other loans		988		(13	)		79		(301	)		753
PCI loans		1,219		-			-		(852	)		367

Total allowance for loan losses	$	61,540	$	(151	)	$	6,696	$	(8,500	)	$	59,585

The following tables present the recorded investment in loans

held-for-investment

and the related allowance for loan losses by loan type, based on the Company’s methodology for determining the allowance for loan losses for the periods presented. Acquired loans are also supported by a credit discount established through the determination of fair value for the acquired loan portfolio.


	December 31, 2019
	Recorded Investment in Loans				Allowance for Loan Losses
	Individually Evaluated for Impairment		Collectively Evaluated for Impairment		Individually Evaluated for Impairment		Collectively Evaluated for Impairment
	(Dollars in thousands)
Commercial and industrial	$	1,344	$	933,783	$	251	$	8,629
SBA		2,568		302,440		257		1,196
Real estate:
Commercial real estate		1,121		5,373,496		-		48,629
Construction		-		116,925		-		858
SFR mortgage		2,979		280,489		-		2,339
Dairy & livestock and agribusiness		-		383,709		-		5,255
Municipal lease finance receivables		-		53,146		-		623
Consumer and other loans		377		115,942		-		623

Total	$	8,389	$	7,559,930	$	508	$	68,152


	December 31, 2018
	Recorded Investment in Loans						Allowance for Loan Losses
	Individually Evaluated for Impairment		Collectively Evaluated for Impairment		Acquired with Deteriorated Credit Quality		Individually Evaluated for Impairment		Collectively Evaluated for Impairment		Acquired with Deteriorated Credit Quality
	(Dollars in thousands)
Commercial and industrial	$	7,625	$	994,584	$	-	$	3	$	7,517	$	-
SBA		3,467		346,576		-		-		1,062		-
Real estate:
Commercial real estate		6,540		5,387,689		-		478		44,456		-
Construction		-		122,782		-		-		981		-
SFR mortgage		5,349		291,155		-		-		2,196		-
Dairy & livestock and agribusiness		78		393,765		-		12		5,203		-
Municipal lease finance receivables		-		64,186		-		-		775		-
Consumer and other loans		486		127,943		-		68		658		-
PCI loans		-		-		17,214		-		-		204

Total	$	23,545	$	7,728,680	$	17,214	$	561	$	62,848	$	204

Past Due and Nonperforming Loans

The following tables present the recorded investment in, and the aging of, past due and nonaccrual loans, by type of loans as of the dates presented.


	December 31, 2019
	30-59 Days Past Due		60-89 Days Past Due		Total Past Due and Accruing		Nonaccrual (1) (3) (4)		Current		Total Loans and Financing Receivables
	(Dollars in thousands)
Commercial and industrial	$	2	$	-	$	2	$	1,266	$	933,859	$	935,127
SBA		870		532		1,402		2,032		301,574		305,008
Real estate:
Commercial real estate
Owner occupied		-		-		-		479		2,083,171		2,083,650
Non-owner occupied		-		-		-		245		3,290,722		3,290,967
Construction
Speculative (2)		-		-		-		-		106,895		106,895
Non-speculative		-		-		-		-		10,030		10,030
SFR mortgage		6		243		249		878		282,341		283,468
Dairy & livestock and agribusiness		-		-		-		-		383,709		383,709
Municipal lease finance receivables		-		-		-		-		53,146		53,146
Consumer and other loans		-		-		-		377		115,942		116,319

Total gross loans, excluding PCI loans	$	878	$	775	$	1,653	$	5,277	$	7,561,389	$	7,568,319

(1)

As of December 31, 2019, $1.2 million of nonaccruing loans were current, $59,000 were

30-59

days past due, $1.1 million were

60-89

days past due

and $2.9 million were 90+ days past due.

(2)

Speculative construction loans are generally for properties where there is no identified buyer or renter.

(3)

Includes $3.5 million of nonaccrual loans acquired from CB in the third quarter of 2018.

(4)

Excludes $2.0 million of guaranteed portion of nonaccrual SBA loans that are in process of collection.


	December 31, 2018 (1)
	30-59 Days Past Due		60-89 Days Past Due		Total Past Due and Accruing		Nonaccrual (2) (4)		Current		Total Loans and Financing Receivables
	(Dollars in thousands)
Commercial and industrial	$	820	$	89	$	909	$	7,490	$	993,810	$	1,002,209
SBA		1,172		135		1,307		2,892		345,844		350,043
Real estate:
Commercial real estate
Owner occupied		2,439		350		2,789		589		2,114,612		2,117,990
Non-owner occupied		-		-		-		5,479		3,270,760		3,276,239
Construction
Speculative ( 3 )		-		-		-		-		118,233		118,233
Non-speculative		-		-		-		-		4,549		4,549
SFR mortgage		-		285		285		2,937		293,282		296,504
Dairy & livestock and agribusiness		-		-		-		78		393,765		393,843
Municipal lease finance receivables		-		-		-		-		64,186		64,186
Consumer and other loans		-		-		-		486		127,943		128,429

Total gross loans, excluding PCI loans	$	4,431	$	859	$	5,290	$	19,951	$	7,726,984	$	7,752,225

(1)

Excludes PCI loans.

(2)

As of December 31, 2018, $2.3 million of nonaccruing loans were current, $33,000 were

30-59

days past due, $57,000 were

60-89

days past due, and $17.6 million were 90+ days past due.

(3)

Speculative construction loans are generally for properties where there is no identified buyer or renter.

(4)

Includes $12.3 million of nonaccrual loans acquired from CB in the third quarter of 2018.

Impaired Loans

At December 31, 2019, the Company had impaired loans of $8.4 million. Impaired loans included $2.0

million of nonaccrual SBA

loans, $1.3

million of nonaccrual commercial and industrial

loans, $878,000

nonaccrual SFR mortgage

loans, $724,000

of nonaccrual commercial real estate loans, and $377,000 of nonaccrual consumer and other loans. These impaired loans

included $3.4 million of loans whose terms were modified in a troubled debt restructuring, of which $244,000 are classified as nonaccrual. The remaining balance of $3.1 million consisted of 12 loans performing according to the restructured terms. The impaired loans had a specific allowance of $508,000 at December 31, 2019

. At December 31, 2018, the Company had classified as impaired, loans with a balance of $23.5 million with a related allowance of $561,000.

The following tables present information for

held-for-investment

loans, individually evaluated for impairment by type of loans, as of and for the periods presented.


	Year Ended December 31, 2019
	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized
	(Dollars in thousands)
With no related allowance recorded:
Commercial and industrial	$	1,091	$	1,261	$	-	$	1,369	$	4
SBA		2,243		2,734		-		2,389		41
Real estate:
Commercial real estate
Owner occupied		479		613		-		505		-
Non-owner occupied		642		643		-		681		26
Construction
Speculative		-		-		-		-		-
Non-speculative		-		-		-		-		-
SFR mortgage		2,979		3,310		-		3,043		86
Dairy & livestock and agribusiness		-		-		-		-		-
Municipal lease finance receivables		-		-		-		-		-
Consumer and other loans		377		514		-		396		-

Total		7,811		9,075		-		8,383		157

With a related allowance recorded:
Commercial and industrial		253		347		251		699		-
SBA		325		324		257		327		-
Real estate:
Commercial real estate
Owner occupied		-		-		-		-		-
Non-owner occupied		-		-		-		-		-
Construction
Speculative		-		-		-		-		-
Non-speculative		-		-		-		-		-
SFR mortgage		-		-		-		-		-
Dairy & livestock and agribusiness		-		-		-		-		-
Municipal lease finance receivables		-		-		-		-		-
Consumer and other loans		-		-		-		-		-

Total		578		671		508		1,026		-

Total impaired loans	$	8,389	$	9,746	$	508	$	9,409	$	157


	Year Ended December 31, 2018 (1)
	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized
	(Dollars in thousands)
With no related allowance recorded:
Commercial and industrial	$	7,436	$	11,457	$	-	$	7,718	$	7
SBA		3,467		5,746		-		3,919		44
Real estate:
Commercial real estate
Owner occupied		589		705		-		624		-
Non-owner occupied		2,808		4,324		-		4,585		32
Construction
Speculative		-		-		-		-		-
Non-speculative		-		-		-		-		-
SFR mortgage		5,349		6,270		-		5,484		80
Dairy & livestock and agribusiness		-		-		-		-		-
Municipal lease finance receivables		-		-		-		-		-
Consumer and other loans		418		526		-		459		-

Total		20,067		29,028		-		22,789		163

With a related allowance recorded:
Commercial and industrial		189		191		3		203		-
SBA		-		-		-		-		-
Real estate:
Commercial real estate
Owner occupied		-		-		-		-		-
Non-owner occupied		3,143		3,144		478		3,144		-
Construction
Speculative		-		-		-		-		-
Non-speculative		-		-		-		-		-
SFR mortgage		-		-		-		-		-
Dairy & livestock and agribusiness		78		78		12		78		-
Municipal lease finance receivables		-		-		-		-		-
Consumer and other loans		68		100		68		76		-

Total		3,478		3,513		561		3,501		-

Total impaired loans	$	23,545	$	32,541	$	561	$	26,290	$	163


	Ye ar Ended December 31, 2017 (1)
	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized
	(Dollars in thousands)
With no related allowance recorded:
Commercial and industrial	$	440	$	980	$	-	$	548	$	10
SBA		1,530		1,699		-		1,598		47
Real estate:
Commercial real estate
Owner occupied		4,365		4,763		-		4,414		36
Non-owner occupied		3,768		5,107		-		3,951		94
Construction
Speculative		-		-		-		-		-
Non-speculative		-		-		-		-		-
SFR mortgage		4,040		4,692		-		4,119		118
Dairy & livestock and agribusiness		829		1,091		-		988		1
Municipal lease finance receivables		-		-		-		-		-
Consumer and other loans		174		370		-		202		-

Total		15,146		18,702		-		15,820		306

With a related allowance recorded:
Commercial and industrial		-		-		-		-		-
SBA		1		18		1		6		-
Real estate:
Commercial real estate
Owner occupied		-		-		-		-		-
Non-owner occupied		-		-		-		-		-
Construction
Speculative		-		-		-		-		-
Non-speculative		-		-		-		-		-
SFR mortgage		-		-		-		-		-
Dairy & livestock and agribusiness		-		-		-		-		-
Municipal lease finance receivables		-		-		-		-		-
Consumer and other loans		378		391		74		385		-

Total		379		409		75		391		-

Total impaired loans	$	15,525	$	19,111	$	75	$	16,211	$	306

(1)

Excludes PCI loans.

Reserve for Unfunded Loan Commitments

The allowance for off-balance sheet credit exposure relates to commitments to extend credit, letters of credit and undisbursed funds on lines of credit. The Company evaluates credit risk associated with the off-balance sheet loan commitments at the same time as it evaluates credit risk associated with the loan and lease portfolio. As a result of the acquisition of CB, the reserve for unfunded loan commitments increased by $2.9 million in 2018. There was no provision or recapture of provision for unfunded commitments for the year ended December 31, 2019, compared with a recapture of provision for unfunded loan commitments of $250,000 for the year ended December 31, 2018 and a recapture of provision for unfunded loan commitments of $400,000 for the year ended December 31, 2017. As of December 31, 2019 and 2018, the balance in this reserve was $9.0 million and was included in other liabilities.

Troubled Debt Restructurings

Loans that are reported as TDRs are considered impaired and

charge-off

amounts are taken on an individual loan basis, as deemed appropriate. The majority of restructured loans are loans for which the terms of repayment have been renegotiated, resulting in a reduction in interest rate or deferral of principal. Refer to Note 3 —

Summary of Significant Accounting Policies, Troubled Debt Restructurings

, included herein.

As of December 31, 2019, there were $3.4 million of loans classified as a TDR, of which $244,000 were nonperforming and $3.1 million were performing. TDRs on accrual status are comprised of loans that were accruing interest at the time of restructuring or have demonstrated repayment performance in compliance with the restructured terms for a sustained period and for which the Company anticipates full repayment of both principal and interest. At December 31, 2019, performing TDRs were comprised of eight SFR mortgage loans of $2.1 million, one SBA loan of $536,000, one commercial real estate loan of $397,000, and two commercial and industrial loans of $78,000.

The majority of TDRs have no specific allowance allocated as any impairment amount is normally charged off at the time a probable loss is determined. We have allocated zero and $490,000 of specific allowance to TDRs as of December 31, 2019 and December 31, 2018, respectively.

The following table provides a summary of the activity related to TDRs for the periods presented.


	Year Ended December 31,
	2019			2018 (1)
	(Dollars in thousands)
Performing TDRs:
Beginning balance	$	3,594		$	4,809
New modifications		-			311
Payoffs/payments, net and other		(482	)		(1,526	)
TDRs returned to accrual status		-			-
TDRs placed on nonaccrual status		-			-

Ending balance	$	3,112		$	3,594

Nonperforming TDRs:
Beginning balance	$	3,509		$	4,200
New modifications		-			316
Charge-offs		(78	)		-
Transfer to OREO		(2,275	)		-
Payoffs/payments, net and other		(912	)		(1,007	)
TDRs returned to accrual status		-			-
TDRs placed on nonaccrual status		-			-

Ending balance	$	244		$	3,509

Total TDRs	$	3,356		$	7,103

(1)

Excludes PCI loans.

There were no loans that were modified as TDRs for the year ended December 31, 2019.

The following tables summarize loans modified as TDRs for the periods

presented

Modifications (1)


	Year Ended December 31, 2018 (2)
	Number of Loans		Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment		Outstanding Recorded Investment at December 31, 2018		Financial Effect Resulting From Modifications ( 3 )
	(Dollars in thousands)
Commercial and industrial:
Interest rate reduction		-	$	-	$	-	$	-	$	-
Change in amortization period or maturity		1		38		38		20		-
Real estate:
Commercial real estate:
Owner occupied
Interest rate reduction		-		-		-		-		-
Change in amortization period or maturity		-		-		-		-		-
Non-owner occupied
Interest rate reduction		-		-		-		-		-
Change in amortization period or maturity		-		-		-		-		-
SFR mortgage:
Interest rate reduction		-		-		-		-		-
Change in amortization period or maturity		1		311		311		300		-
Dairy & livestock and agribusiness:
Interest rate reduction		-		-		-		-		-
Change in amortization period or maturity		-		-		-		-		-
Consumer:
Interest rate reduction		-		-		-		-		-
Change in amortization period or maturity		1		278		278		267		-

Total loans		3	$	627	$	627	$	587	$	-


	Year Ended December 31, 2017 (2)
	Number of Loans		Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment		Outstanding Recorded Investment at December 31, 2017		Financial Effect Resulting From Modifications ( 3 )
	(Dollars in thousands)
Commercial and industrial:
Interest rate reduction		-	$	-	$	-	$	-	$	-
Change in amortization period or maturity		-		-		-		-		-
Real estate:
Commercial real estate:
Owner occupied
Interest rate reduction		-		-		-		-		-
Change in amortization period or maturity		-		-		-		-		-
Non-owner occupied
Interest rate reduction		-		-		-		-		-
Change in amortization period or maturity		1		3,143		3,143		3,143		-
SFR mortgage:
Interest rate reduction		-		-		-		-		-
Change in amortization period or maturity		-		-		-		-		-
Dairy & livestock and agribusiness:
Interest rate reduction		-		-		-		-		-
Change in amortization period or maturity		1		1,984		1,984		78		-
Consumer:
Interest rate reduction		-		-		-		-		-
Change in amortization period or maturity		-		-		-		-		-

Total loans		2	$	5,127	$	5,127	$	3,221	$	-

(1)

The tables above exclude modified loans that were paid off prior to the end of the period.

(2)

Excludes PCI loans.

(3)

Financial effects resulting from modifications represent charge-offs and specific allowance recorded at modification date.

As of December 31, 2019 and 2018, there were no loans that were modified as a TDR within the previous 12 months that subsequently defaulted. As of December 31, 2017, there was

one

commercial real estate loan with an outstanding balance of $

3.1

million that

was

previously modified as a troubled debt restructuring within the previous 12 months that subsequently defaulted.

Income Taxes - Schedule of Income Tax Expense (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Current provision:
Federal	$ 51,564	$ 31,055	$ 44,153
State	29,487	20,546	17,151
Current provision, total	81,051	51,601	61,304
Deferred provision/(benefit):
Federal	486	5,158	20,926
State	1,710	2,353	2,154
Deferred provision (benefit), total	2,196	7,511	23,080
Provision for income taxes	$ 83,247	$ 59,112	$ 84,384

Goodwill and Other Intangible Assets - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Approximately weighted average remaining life of intangible assets	2 years 10 months 20 days

Commitments and Contingencies

12 Months Ended

Dec. 31, 2019

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

14.	COMMITMENTS AND CONTINGENCIES

Commitments

At December 31, 2019 and 2018, the Bank had commitments to extend credit of approximately $1.54 billion and $1.69 billion, respectively, and obligations under letters of credit of $53.1

million and $54.3 million, respectively. Commitments to extend credit are agreements to lend to customers, provided there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Commitments are generally variable rate, and many of these commitments are expected to expire without being drawn upon. As such, the total commitment amounts do not necessarily represent future cash requirements. The Bank uses the same credit underwriting policies in granting or accepting such commitments or contingent obligations as it does for

on-balance-sheet

instruments, which consist of evaluating customers’ creditworthiness individually. The Bank had a reserve for unfunded loan commitments of $9.0 million as of December 31, 2019 and 2018 included in other liabilities.

Standby letters of credit are conditional commitments issued by the Bank to guarantee the financial performance of a customer to a third party. Those guarantees are primarily issued to support private borrowing or purchase arrangements. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loan facilities to customers. When deemed necessary, the Bank holds appropriate collateral supporting those commitments. Management does not anticipate any material losses as a result of these transactions.

At December 31, 2019, the Bank has available lines of credit totaling $4.18 billion from correspondent banks, FHLB and Federal Reserve Bank of which $3.79 billion were secured

Other Contingencies

The Company and its subsidiaries are parties to various lawsuits and threatened lawsuits in the ordinary and

non-ordinary

course of business. From time to time, such lawsuits and threatened lawsuits may include, but are not limited to, actions involving securities litigation, employment matters, wage-hour and labor law claims, consumer, lender liability claims and negligence claims, some of which may be styled as “class action” or representative cases. Some of these lawsuits may be similar in nature to other lawsuits pending against the Company’s competitors.

For lawsuits where the Company has determined that a loss is both probable and reasonably estimable, a liability representing the best estimate of the Company’s financial exposure based on known facts has been recorded in accordance with FASB guidance over loss contingencies (ASC 450). However, as a result of inherent uncertainties in judicial interpretation and application of a myriad of laws applicable to the Company’s business, and the unique, complex factual issues presented in any given lawsuit, the Company often cannot determine the probability of loss or estimate the amount of damages which a plaintiff might successfully prove if the Company were found to be liable. For lawsuits or threatened lawsuits where a claim has been asserted or the Company has determined that it is probable that a claim will be asserted, and there is a reasonable possibility that the outcome will be unfavorable, the Company will disclose the existence of the loss contingency, even if the Company is not able to make an estimate of the possible loss or range of possible loss with respect to the action or potential action in question, unless the Company believes that the nature, potential magnitude or potential timing (if known) of the loss contingency is not reasonably likely to be material to the Company’s liquidity, consolidated financial position, and/or results of operations.

Our accruals and disclosures for loss contingencies are reviewed quarterly and adjusted as additional information becomes available. We disclose a loss contingency and/or the amount accrued if we believe it is reasonably likely to be material or if we believe such disclosure is necessary for our financial statements to not be misleading. If we determine that an exposure to loss exists in excess of an amount previously accrued or disclosed, we assess whether there is at least a reasonable possibility that a loss, or additional loss, may have been incurred, and we adjust our accruals and disclosures accordingly.

We do not presently believe that the ultimate resolution of any lawsuits currently pending against the Company will have a material adverse effect on the Company’s results of operations, financial condition, or cash flows. The outcome of litigation and other legal and regulatory matters is inherently uncertain, however, and it is possible that one or more of the legal matters currently pending or threatened against the Company could have a material adverse effect on our results of operations, financial condition or cash flows.

Income Taxes - Reconciliation of Statutory Income Tax Rate to Consolidated Effective Income Tax Rate (Detail) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Federal income tax at statutory rate, rate		21.00%	21.00%	35.00%
State franchise taxes, net of federal benefit, rate		8.40%	8.50%	6.90%
Tax-exempt income, rate		(1.10%)	(1.40%)	(2.40%)
Tax credits, rate		(0.70%)	(0.70%)	(0.60%)
Deferred tax asset revalution adjustment, rate				7.00%
Other, net, rate		1.00%	0.60%	(1.20%)
Provision for income taxes, rate		28.60%	28.00%	44.70%
Federal income tax at statutory rate		$ 61,126	$ 44,334	$ 66,078
State franchise taxes, net of federal benefit		24,430	17,905	12,903
Tax-exempt income		(3,081)	(2,991)	(4,450)
Tax credits		(2,153)	(1,451)	(1,096)
Deferred tax asset revalution adjustment	$ 13,200			13,208
Other, net		2,925	1,315	(2,259)
Provision for income taxes		$ 83,247	$ 59,112	$ 84,384

Other Real Estate Owned

12 Months Ended

Dec. 31, 2019

Revenue from Contract with Customer [Abstract]

Other Real Estate Owned

7.	OTHER REAL ESTATE OWNED

The following table summarizes the activity related to total OREO for the periods presented.


	Year Ended December 31,
	2019			2018
	(Dollars in thousands)
Balance, beginning of period	$	420		$	4,527
Additions		4,889			420
Dispositions		(420	)		(4,527	)
Valuation adjustments		-			-

Balance, end of period	$	4,889		$	420

Loans and Lease Finance Receivables and Allowance for Loan Losses - Schedule of Held-for-Investment Loans, Individually Evaluated for Impairment by Class of Loans (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Financing Receivable, Allowance for Credit Losses [Line Items]
Recorded Investment, With no related allowance recorded	$ 7,811,000	$ 20,067,000	$ 15,146,000
Recorded Investment, With a related allowance recorded	578,000	3,478,000	379,000
Recorded Investment, Total impaired loans	8,389,000	23,545,000	15,525,000
Unpaid Principal Balance, With no related allowance recorded	9,075,000	29,028,000	18,702,000
Unpaid Principal Balance, With a related allowance recorded	671,000	3,513,000	409,000
Unpaid Principal Balance, Total impaired loans	9,746,000	32,541,000	19,111,000
Related Allowance, With no related allowance recorded	0	0	0
Related Allowance, With a related allowance recorded	508,000	561,000	75,000
Related Allowance, Total impaired loans	508,000	561,000	75,000
Average Recorded Investment, With no related allowance recorded	8,383,000	22,789,000	15,820,000
Average Recorded Investment, With a related allowance recorded	1,026,000	3,501,000	391,000
Average Recorded Investment, Total impaired loans	9,409,000	26,290,000	16,211,000
Interest Income Recognized, With no related allowance recorded	157,000	163,000	306,000
Interest Income Recognized, With a related allowance recorded	0	0	0
Interest Income Recognized, Total impaired loans	157,000	163,000	306,000
Commercial and Industrial [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Recorded Investment, With no related allowance recorded	1,091,000	7,436,000	440,000
Recorded Investment, With a related allowance recorded	253,000	189,000	0
Unpaid Principal Balance, With no related allowance recorded	1,261,000	11,457,000	980,000
Unpaid Principal Balance, With a related allowance recorded	347,000	191,000	0
Related Allowance, With no related allowance recorded	0
Related Allowance, With a related allowance recorded	251,000	3,000	0
Average Recorded Investment, With no related allowance recorded	1,369,000	7,718,000	548,000
Average Recorded Investment, With a related allowance recorded	699,000	203,000	0
Interest Income Recognized, With no related allowance recorded	4,000	7,000	10,000
Interest Income Recognized, With a related allowance recorded	0	0	0
Small Business Administration [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Recorded Investment, With no related allowance recorded	2,243,000	3,467,000	1,530,000
Recorded Investment, With a related allowance recorded	325,000	0	1,000
Unpaid Principal Balance, With no related allowance recorded	2,734,000	5,746,000	1,699,000
Unpaid Principal Balance, With a related allowance recorded	324,000	0	18,000
Related Allowance, With no related allowance recorded	0	0	0
Related Allowance, With a related allowance recorded	257,000	0	1,000
Average Recorded Investment, With no related allowance recorded	2,389,000	3,919,000	1,598,000
Average Recorded Investment, With a related allowance recorded	327,000	0	6,000
Interest Income Recognized, With no related allowance recorded	41,000	44,000	47,000
Interest Income Recognized, With a related allowance recorded	0	0	0
Commercial Real Estate Owner Occupied [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Recorded Investment, With no related allowance recorded	479,000	589,000	4,365,000
Recorded Investment, With a related allowance recorded	0	0	0
Unpaid Principal Balance, With no related allowance recorded	613,000	705,000	4,763,000
Unpaid Principal Balance, With a related allowance recorded	0	0	0
Related Allowance, With no related allowance recorded	0	0	0
Related Allowance, With a related allowance recorded	0	0	0
Average Recorded Investment, With no related allowance recorded	505,000	624,000	4,414,000
Average Recorded Investment, With a related allowance recorded	0	0	0
Interest Income Recognized, With no related allowance recorded	0	0	36,000
Interest Income Recognized, With a related allowance recorded	0	0	0
Commercial Real Estate Non-owner Occupied [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Recorded Investment, With no related allowance recorded	642,000	2,808,000	3,768,000
Recorded Investment, With a related allowance recorded	0	3,143,000	0
Unpaid Principal Balance, With no related allowance recorded	643,000	4,324,000	5,107,000
Unpaid Principal Balance, With a related allowance recorded	0	3,144,000	0
Related Allowance, With no related allowance recorded	0	0	0
Related Allowance, With a related allowance recorded	0	478,000	0
Average Recorded Investment, With no related allowance recorded	681,000	4,585,000	3,951,000
Average Recorded Investment, With a related allowance recorded	0	3,144,000	0
Interest Income Recognized, With no related allowance recorded	26,000	32,000	94,000
Interest Income Recognized, With a related allowance recorded	0	0	0
Construction Speculative [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Recorded Investment, With no related allowance recorded	0	0	0
Recorded Investment, With a related allowance recorded	0	0	0
Unpaid Principal Balance, With no related allowance recorded	0	0	0
Unpaid Principal Balance, With a related allowance recorded	0	0	0
Related Allowance, With no related allowance recorded	0	0	0
Related Allowance, With a related allowance recorded	0	0	0
Average Recorded Investment, With no related allowance recorded	0	0	0
Average Recorded Investment, With a related allowance recorded	0	0	0
Interest Income Recognized, With no related allowance recorded	0	0	0
Interest Income Recognized, With a related allowance recorded	0	0	0
Construction Non-speculative [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Recorded Investment, With no related allowance recorded	0	0	0
Recorded Investment, With a related allowance recorded	0	0	0
Unpaid Principal Balance, With no related allowance recorded	0	0	0
Unpaid Principal Balance, With a related allowance recorded	0	0	0
Related Allowance, With no related allowance recorded	0	0	0
Related Allowance, With a related allowance recorded	0	0	0
Average Recorded Investment, With no related allowance recorded	0	0	0
Average Recorded Investment, With a related allowance recorded	0	0	0
Interest Income Recognized, With no related allowance recorded	0	0	0
Interest Income Recognized, With a related allowance recorded	0	0	0
SFR Mortgage [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Recorded Investment, With no related allowance recorded	2,979,000	5,349,000	4,040,000
Recorded Investment, With a related allowance recorded	0	0	0
Unpaid Principal Balance, With no related allowance recorded	3,310,000	6,270,000	4,692,000
Unpaid Principal Balance, With a related allowance recorded	0	0	0
Related Allowance, With no related allowance recorded	0	0	0
Related Allowance, With a related allowance recorded	0	0	0
Average Recorded Investment, With no related allowance recorded	3,043,000	5,484,000	4,119,000
Average Recorded Investment, With a related allowance recorded	0	0	0
Interest Income Recognized, With no related allowance recorded	86,000	80,000	118,000
Interest Income Recognized, With a related allowance recorded	0	0	0
Dairy & Livestock and Agribusiness [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Recorded Investment, With no related allowance recorded	0	0	829,000
Recorded Investment, With a related allowance recorded	0	78,000	0
Unpaid Principal Balance, With no related allowance recorded	0	0	1,091,000
Unpaid Principal Balance, With a related allowance recorded	0	78,000	0
Related Allowance, With no related allowance recorded	0	0	0
Related Allowance, With a related allowance recorded	0	12,000	0
Average Recorded Investment, With no related allowance recorded	0	0	988,000
Average Recorded Investment, With a related allowance recorded	0	78,000	0
Interest Income Recognized, With no related allowance recorded	0	0	1,000
Interest Income Recognized, With a related allowance recorded	0	0	0
Municipal Lease Finance Receivables [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Recorded Investment, With no related allowance recorded	0	0	0
Recorded Investment, With a related allowance recorded	0	0	0
Unpaid Principal Balance, With no related allowance recorded	0	0	0
Unpaid Principal Balance, With a related allowance recorded	0	0	0
Related Allowance, With no related allowance recorded	0	0	0
Related Allowance, With a related allowance recorded	0	0	0
Average Recorded Investment, With no related allowance recorded	0	0	0
Average Recorded Investment, With a related allowance recorded	0	0	0
Interest Income Recognized, With no related allowance recorded	0	0	0
Interest Income Recognized, With a related allowance recorded	0	0	0
Consumer and Other Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Recorded Investment, With no related allowance recorded	377,000	418,000	174,000
Recorded Investment, With a related allowance recorded	0	68,000	378,000
Unpaid Principal Balance, With no related allowance recorded	514,000	526,000	370,000
Unpaid Principal Balance, With a related allowance recorded	0	100,000	391,000
Related Allowance, With no related allowance recorded	0	0	0
Related Allowance, With a related allowance recorded	0	68,000	74,000
Average Recorded Investment, With no related allowance recorded	396,000	459,000	202,000
Average Recorded Investment, With a related allowance recorded	0	76,000	385,000
Interest Income Recognized, With no related allowance recorded	0	0	0
Interest Income Recognized, With a related allowance recorded	$ 0	$ 0	$ 0

Fair Value Information - Estimated Fair Value of Financial Instruments (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Assets
Total cash and cash equivalents	$ 185,518	$ 163,948	$ 144,377	$ 121,633
Investment securities available-for-sale	1,740,257	1,734,085
Investment securities held-to-maturity	674,452	744,440
Total loans, net of allowance for loan losses	7,495,917	7,700,998
Swaps	11,502	1,938
Deposits:
Interest-bearing	3,459,411	3,622,703
Junior subordinated debentures	25,774	25,774
Swaps	440,161	444,193
Carrying Value [Member]
Assets
Total cash and cash equivalents	185,518	163,948
Interest-earning balances due from depository institutions	2,931	7,670
Investment securities available-for-sale	1,740,257	1,734,085
Investment securities held-to-maturity	674,452	744,440
Total loans, net of allowance for loan losses	7,495,917	7,700,998
Swaps	11,502	1,938
Deposits:
Interest-bearing	3,459,411	3,622,703
Borrowings	428,659	722,255
Junior subordinated debentures	25,774	25,774
Swaps	11,502	1,938
Estimated Fair Value [Member]
Assets
Total cash and cash equivalents	185,518	163,948
Interest-earning balances due from depository institutions	2,938	7,339
Investment securities available-for-sale	1,740,257	1,734,085
Investment securities held-to-maturity	678,948	721,537
Total loans, net of allowance for loan losses	7,343,167	7,514,964
Swaps	11,502	1,938
Deposits:
Interest-bearing	3,457,922	3,614,682
Borrowings	428,330	721,601
Junior subordinated debentures	20,669	21,176
Swaps	11,502	1,938
Estimated Fair Value [Member] \| Level 1 [Member]
Assets
Total cash and cash equivalents	185,518	163,948
Interest-earning balances due from depository institutions	0	0
Investment securities available-for-sale	0	0
Investment securities held-to-maturity	0	0
Total loans, net of allowance for loan losses	0	0
Swaps	0	0
Deposits:
Interest-bearing	0	0
Borrowings	0	0
Junior subordinated debentures	0	0
Swaps	0	0
Estimated Fair Value [Member] \| Level 2 [Member]
Assets
Total cash and cash equivalents	0	0
Interest-earning balances due from depository institutions	2,938	7,339
Investment securities available-for-sale	1,740,257	1,734,085
Investment securities held-to-maturity	678,948	721,537
Total loans, net of allowance for loan losses	0	0
Swaps	11,502	1,938
Deposits:
Interest-bearing	3,457,922	3,614,682
Borrowings	428,330	721,601
Junior subordinated debentures	0	0
Swaps	11,502	1,938
Estimated Fair Value [Member] \| Level 3 [Member]
Assets
Total cash and cash equivalents	0	0
Interest-earning balances due from depository institutions	0	0
Investment securities available-for-sale	0	0
Investment securities held-to-maturity	0	0
Total loans, net of allowance for loan losses	7,343,167	7,514,964
Swaps	0	0
Deposits:
Interest-bearing	0	0
Borrowings	0	0
Junior subordinated debentures	20,669	21,176
Swaps	$ 0	$ 0

Revenue Recognition (Tables)

12 Months Ended

Dec. 31, 2019

Summary of Non Interest Income, Segregated by Revenue Streams in-Scope and Out-of-Scope of Topic 606

The following presents noninterest income, segregated by revenue streams

in-scope

and

out-of-scope

of Topic 606, for the periods presented.


	Year Ended December 31,
	2019		2018		2017
	(Dollars in thousands)
Noninterest income:
In-scope of Topic 606:
Service charges on deposit accounts	$	20,010	$	17,070	$	15,809
Trust and investment services		9,525		8,774		9,845
Bankcard services		3,163		3,485		3,406
Gain on OREO, net		129		3,546		6
Other		9,951		6,588		4,888

Noninterest Income (in-scope of Topic 606)		42,778		39,463		33,954
Noninterest Income (out-of-scope of Topic 606)		16,264		4,018		8,164

Total noninterest income	$	59,042	$	43,481	$	42,118

Other Real Estate Owned (Tables)

12 Months Ended

Dec. 31, 2019

Summary of Activity Related to Total OREO

The following table summarizes the activity related to total OREO for the periods presented.


	Year Ended December 31,
	2019			2018
	(Dollars in thousands)
Balance, beginning of period	$	420		$	4,527
Additions		4,889			420
Dispositions		(420	)		(4,527	)
Valuation adjustments		-			-

Balance, end of period	$	4,889		$	420

Stock-Based Compensation Plans - Option Activity under Company's Stock Option Plans (Detail) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2019 USD ($) $ / shares shares
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Outstanding, Number of Stock Options, Beginning Balance \| shares	532
Granted, Number of Stock Options Outstanding \| shares	2
Exercised, Number of Stock Options Outstanding \| shares	(161)
Forfeited or expired, Number of Stock Options Outstanding \| shares	(14)
Outstanding, Number of Stock Options, Ending Balance \| shares	359
Vested or expected to vest, Number of Stock Options Outstanding \| shares	359
Exercisable, Number of Stock Options Outstanding \| shares	212
Outstanding, Weighted Average Exercise Price, Beginning Balance \| $ / shares	$ 16.73
Granted, Weighted Average Exercise Price \| $ / shares	23.12
Exercised, Weighted Average Exercise Price \| $ / shares	13.78
Forfeited or expired, Weighted Average Exercise Price \| $ / shares	19.00
Outstanding, Weighted Average Exercise Price, Ending Balance \| $ / shares	17.99
Vested or expected to vest, Weighted Average Exercise Price \| $ / shares	17.99
Exercisable, Weighted Average Exercise Price \| $ / shares	$ 15.58
Outstanding, Weighted Average Remaining Contractual Term	6 years 18 days
Vested or expected to vest, Weighted Average Remaining Contractual Term	6 years 18 days
Exercisable, Weighted Average Remaining Contractual Term	4 years 9 months 3 days
Outstanding, Aggregate Intrinsic Value \| $	$ 1,587
Vested or expected to vest, Aggregate Intrinsic Value \| $	1,587
Exercisable, Aggregate Intrinsic Value \| $	$ 1,364

Accounting policies (Policies)

12 Months Ended

Dec. 31, 2019

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Business Segments

— We regularly assess our strategic plans, operations and reporting structures to identify our reportable segments. Changes to our reportable segments are expected to be infrequent. For the years ended December 31, 2016 through December 31, 2017, we operated as two

reportable segments: Banking Centers and Dairy & Livestock and Agribusiness. As a result of the Community Bank acquisition, along with changes in personnel, reporting structure, and operations, we

re-evaluated

our segment reporting for the third quarter ended September 30, 2018.

As of December 31, 2018, we operated as one reportable segment. The factors considered in making this determination included the nature of products and offered services, geographic regions in which we operate, the applicable regulatory environment, and the materiality of discrete financial information reviewed by our key decision makers. Through our network of banking centers, we provide relationship-based banking products, services and solutions for small to

mid-sized

companies, real estate investors,

non-profit

organizations, professionals and other individuals. Our products include loans for

commercial businesses, commercial real estate, multi-family, construction, land, dairy & livestock and agribusiness, consumer and government-guaranteed small business loans. We also provide business deposit products and treasury cash management services, as well as deposit products to the owners and employees of the businesses we serve. The decision to combine our two reportable segments was made to align the segment reporting with the changes in our operations and reporting structure, and to be consistent with the level and materiality of information reviewed by our key decision makers.

Cash and cash equivalents

— Cash on hand, cash items in the process of collection, and amounts due from correspondent banks, the Federal Reserve Bank and interest-bearing balances due from depository institutions with initial terms of ninety days or less, are included in Cash and cash equivalents.

Investment Securities

— The Company classifies as

held-to-maturity

(“HTM”) those debt securities that the Company has the positive intent and ability to hold to maturity. Securities classified as trading are those securities that are bought and held principally for the purpose of selling them in the near term. All other debt and equity securities are classified as

available-for-sale

(“AFS”). Securities

held-to-maturity

are accounted for at cost and adjusted for amortization of premiums and accretion of discounts. Trading securities are accounted for at fair value with the unrealized gains and losses being included in current earnings.

Available-for-sale

securities are accounted for at fair value, with the net unrealized gains and losses, net of income tax effects, presented as a separate component of stockholders’ equity. Realized gains and losses on sales of securities are recognized in earnings at the time of sale and are determined on a specific-identification basis. Purchase premiums and discounts are recognized in interest income using the effective-yield method over the estimated terms of the securities. For mortgage-backed securities (“MBS”), the amortization or accretion is based on estimated average lives of the securities. The lives of these securities can fluctuate based on the amount of prepayments received on the underlying collateral of the securities. The Company’s investment in the Federal Home Loan Bank of San Francisco (“FHLB”) stock is carried at cost.

At each reporting date, securities are assessed to determine whether there is an other-than-temporary impairment (“OTTI”). Other-than-temporary impairment on investment securities is not recognized in earnings when there are credit losses on a debt security for which management does not intend to sell and for which it is

more-likely-than-not

that the Company will not have to sell prior to recovery of the noncredit impairment. Otherwise, the portion of the total impairment that is attributable to the credit loss would be recorded in earnings, and the remaining difference between the debt security’s amortized cost and its fair value would be included in other comprehensive income.

Loans and Lease Finance Receivables

— Loans and lease finance receivables that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are reported at the principal balance outstanding, less deferred net loan origination fees and purchase price discounts. Purchase Credit Impaired (“PCI”) loans are those loans that when we acquired them were deemed to be impaired. PCI loans are included in total loans and lease finance receivables as of December 31, 2019 and 2018. Refer to Note 6 —

Loans and Lease Finance Receivables and Allowance for Loan Losses

for total loans, by type.

In the ordinary course of business, the Company enters into commitments to extend credit to its customers. To the extent that such commitments are unfunded, the related unfunded amounts are not reflected in the accompanying consolidated financial statements.

The Company receives collateral to support loans, lease finance receivables, and commitments to extend credit for which collateral is deemed necessary. The most significant categories for which collateral is deemed

necessary are real estate, principally commercial and industrial income-producing properties, Small Business Administration (“SBA”) loans, real estate mortgages, assets utilized in dairy & livestock and agribusiness, and various personal property assets utilized in commercial and industrial business governed by the Uniform Commercial Code.

Nonrefundable fees and direct costs associated with the origination or purchase of loans are deferred and netted against outstanding loan balances. The deferred net loan fees and costs and purchase price discounts are recognized in interest income over the loan term using the effective-yield method.

Interest on loans and lease finance receivables, is credited to income based on the principal amounts of such loans or receivables outstanding. Loans are considered delinquent when principal or interest payments are past

due 30 days or more and generally remain on accrual status between 30 and 89 days past

due. Interest income is not recognized on loans and lease finance receivables when collection of interest is deemed by management to be doubtful. Loans on which the accrual of interest has been discontinued are designated as nonaccrual loans. In general, interest shall not accrue on any loan for which payment in full of principal and interest is not expected, or when the loan becomes 90 days past due, unless the loan is both well secured and in the process of collection. Factors considered in determining that the full collection of principal and interest is no longer probable include cash flow and liquidity of the borrower or property, the financial position of the

guarantors and their willingness to support the loan as well as other factors, and this determination involves significant judgment. When an asset is placed on

nonaccrual

status, previously accrued but unpaid interest is reversed against income. Subsequent collections of cash are applied as reductions to the principal balance unless the loan is returned to accrual status. Interest is not recognized using a cash-basis method.

Nonaccrual

loans may be restored to accrual status when principal and interest become current and when the borrower is able to demonstrate payment performance for a sustained period, typically for

six months

. A

nonaccrual

loan may return to accrual status sooner based on other significant events or mitigating circumstances. This policy is consistently applied to all types of loans and lease finance receivables.

Purchased Loans

— Purchased loans are stated at the principal amount outstanding, net of unearned discounts or unamortized premiums. All loans acquired through acquisitions are initially measured and recorded at their fair value on the acquisition date. A component of the initial fair value measurement is an estimate of the credit losses over the life of the purchased loans. Purchased loans are also evaluated for impairment as of the acquisition date and are accounted for as “acquired non-impaired” or “purchased credit impaired” loans.

Acquired non-impaired loans

— Acquired non-impaired loans are those loans for which there was no evidence of credit deterioration at their acquisition date and it was probable that we would be able to collect all contractually required payments. Acquired non-impaired loans, together with originated loans, are referred to as Non-PCI loans. Purchase discounts or premiums on acquired non-impaired loans are recognized as an adjustment to interest income over the contractual life of such loans using the effective interest method or taken into income when the related loans are paid off or sold.

Purchase Credit Impaired Loans

Purchased credit impaire

d loans

—

PCI loans and are accounted for in accordance with ASC 310-30, “Loans and Debt Securities Acquired with Deteriorated Credit Quality.” A purchased loan

is deemed to be credit impaired when there is evidence of credit deterioration since its origination and it is probable at the acquisition date that collection of all contrac

tually required payments is unlikely. We apply PCI loan accounting when we acquire loans deemed to be impaired, and as a general policy election when we acquire a portfolio of loans in a distressed bank acquisition. As our gross PCI loan portfolio represented approximately 0.2% of total loans as

December 31, 2018, beginning with June 30, 2019 PCI loans were accounted for and combined with

Non-PCI

loans

and were reflected in total loans and lease finance receivables.

Troubled Debt Restructurings

— Loans are reported as a Troubled Debt Restructuring (“TDR”) if the borrower is deemed to be financially troubled, and the Company grants a concession to the debtor that it would not otherwise consider. Types of modifications that may be considered concessions, which in turn result in a TDR include, but are not limited to, (i) a reduction of the stated interest rate for the remaining original life of the

debt, (ii) an extension of the maturity date or dates at a stated interest rate lower than the current market rate for new debt with similar risk, (iii) a reduction of the face amount or maturity amount of the debt as stated in the instrument or other agreement, or (iv) a reduction of interest. As a result of these concessions, restructured loans are considered impaired

In situations where the Company has determined that the borrower is experiencing financial difficulties and is evaluating whether a concession is insignificant, and therefore does not result in a TDR, such analysis is based on an evaluation of both the amount and the timing of the restructured payments, including the following factors:

Whether the amount of the restructured payments subject to delay is insignificant relative to the unpaid principal balance or collateral value of the debt and will result in an insignificant shortfall in the contractual amount due; and

The delay is insignificant relative to any of the following:

•

The frequency of payments due;

•

The debt’s original contractual maturity; or

•

The debt’s original expected duration.

Nonaccrual restructured loans are included and treated with all other nonaccrual loans. In addition, all accruing restructured loans are reported as TDRs, which are considered and accounted for as impaired loans. A loan that has been placed on nonaccrual status that is subsequently restructured will remain on nonaccrual status until the borrower is able to demonstrate repayment performance in compliance with the restructured terms for a sustained period of time, generally for a minimum of six months. A restructured loan may return to accrual status sooner based on other significant events or circumstances.

Impaired Loans

— A loan is generally considered impaired when based on current events and information it is probable that the Company will be unable to collect all amounts due according to the contractual terms of the loan agreement. A loan, including a restructured loan, for which there is an insignificant delay relative to the frequency of payments due, and/or the original contractual maturity, is not considered an impaired loan. Generally, impaired loans include loans on nonaccrual status and TDRs.

The Company’s policy is to record a specific valuation allowance, which is included in the allowance for loan losses, or to charge off that portion of an impaired loan that represents the impairment or shortfall amount as determined utilizing one of the three methods described in ASC

310-10-35-22.

Impairment on

non-collateral

dependent restructured loans is measured by comparing the present value of expected future cash flows on the restructured loans discounted at the interest rate of the original loan agreement to the loan’s carrying value. The impairment amount, if any, is generally charged off and recorded against the allowance for loan losses at the time impairment is measurable and a probable loss is determined. The Company measures impairment based on the present value of expected future cash flows discounted at the loan’s effective interest rate, except that as a practical expedient, the Company may also measure impairment based on an observable market price for the loan, or the value of the collateral, for collateral dependent loans. Impairment on collateral dependent restructured loans is measured by determining the amount by which our recorded investment in the impaired loan exceeds the fair value of the collateral less estimated selling costs. The fair value is generally determined by one or more appraisals of the collateral, performed by a Company-approved third-party independent appraiser. The majority of impaired loans that are collateral dependent are charged off down to their estimated fair value of the collateral (less selling costs) at each reporting date based on current appraised value.

Charge-offs of unsecured consumer loans are recorded when the loan reaches 120 days past due or sooner as circumstances indicate. Except for the charge-offs of unsecured consumer loans, the

charge-off

policy is applied consistently across all portfolio segments. Impaired single-family mortgage loans that have been modified in accordance with the various government modification programs are also measured based on the present value of the expected cash flows discounted at the loan’s

pre-modification

interest rate. The Company

recognizes the change in present value attributable to the passage of time as interest income on such performing SFR mortgage loans and the amount of interest income recognized to date has been insignificant.

Provision and Allowance for Loan Losses

— The allowance for loan losses is management’s estimate of probable losses inherent in the loan and lease receivables portfolio. The allowance is increased by the provision for loan losses and recoveries of prior loan losses, and it is decreased by recapture of provision for loan losses and by charge-offs taken when management believes the

uncollectability

of any loan is confirmed. Subsequent recoveries, if any, are added to the allowance. The determination of the balance in the allowance for loan losses is based on an analysis of the loan and lease finance receivables portfolio using a systematic methodology and reflects an amount that, in management’s judgment, is appropriate to provide for probable loan losses inherent in the portfolio, after giving consideration to the character of the loan portfolio, current economic conditions, past loan loss experience, and such other factors that would deserve current recognition in estimating inherent loan losses.

There are different qualitative risks for the loans in each portfolio segment. The construction and real estate segments’ predominant risk characteristic is the collateral and the geographic location of the property collateralizing the loan as well as the operating cash flow for commercial real estate properties. The commercial and industrial segment’s predominant risk characteristics are the cash flows of the businesses we lend to, the global cash flows and liquidity of the guarantors, as well as economic and market conditions. SBA 504 loans have risk characteristics that are similar to the real estate loan segment, while SBA 7(a) loans have risks that are similar to commercial and industrial loans. The dairy & livestock segment’s predominant risk characteristics are milk and beef prices in the market as well as the cost of feed and cattle. The Agribusiness segment’s predominant risk characteristics are the supply and demand conditions of the product, production seasonality, the scale of operations and ability to control costs, the availability and cost of water, and operator experience. The municipal lease segment’s predominant risk characteristics are the municipality’s general financial condition and tax revenues or if applicable the specific project related financial condition. The consumer, auto and other segment’s predominant risk characteristics are employment and income levels as they relate to consumers and cash flows of the businesses as they relate to equipment and vehicle leases to businesses.

The Company’s methodology is consistently applied across all portfolio segments taking into account the applicable historical loss rates and the qualitative factors applicable to each pool of loans. A key factor in the Company’s methodology is the loan risk rating (Pass, Special Mention, Substandard, Doubtful and Loss). Loan risk ratings are updated as facts related to the loan or borrower become available. In addition, all term loans in excess of $1.0 million are subject to an annual internal credit review process where all factors underlying the loan, borrower and guarantors are subject to review which may result in changes to the loan’s risk rating.

Our methodology for assessing the appropriateness of the allowance is conducted on a regular basis and considers the Bank’s overall loan portfolio. The Bank’s methodology consists of two major phases.

In the first phase, individual loans are reviewed to identify loans for impairment. Impairment is measured based on the Company’s policy. The second phase is conducted by evaluating or segmenting the remainder of the loan portfolio into groups or pools of loans with similar characteristics. In this second phase, groups or pools of homogeneous loans are reviewed to determine a portfolio formula allowance. In the case of the portfolio formula allowance, homogeneous portfolios, such as small business loans, consumer loans, dairy & livestock and agribusiness loans, and real estate loans, are aggregated or pooled in determining the appropriate allowance. The Bank aggregates loans with similar risk characteristics into eight (8) segments in order to capture sufficient loss observations, and to produce more reliable historical loss rates for a given segment. The Bank’s methodology employs a look back period based on a

through-the-cycle

time frame beginning with the first quarter of 2009 through the fourth quarter of 2019. This time period continues to expand by one quarter until such time the current economic cycle ends, triggered by independent evidence that a recession has begun. The

through-the-cycle

look back period produces meaningful results that more appropriately reflect the level of incurred losses in the Bank’s loan portfolio given the current, extended credit cycle.

Included in this second phase is our consideration of qualitative factors, including, all known relevant internal and external factors that may affect the collectability of a loan. This includes our estimates of the amounts necessary for concentrations, economic uncertainties, the volatility of the market value of collateral, and other relevant factors. Quantitative metrics are applied to each of the factors utilizing a comparison of current measurements to historical results within the range of the look back period. These qualitative factors are used to adjust the historical loan loss rates for each pool of loans to determine the probable loan losses inherent in the portfolio.

Periodically, we assess various attributes utilized in adjusting our historical loss factors to reflect current economic conditions. The methodology is consistently applied across all the portfolio segments taking into account the applicable historical loss rates and the qualitative factors applicable to each pool of loans.

Performing loans acquired through business combinations are evaluated separately by each acquired portfolio using the ALLL methodology. The results of the ALLL methodology are compared to the remaining fair value discounts by portfolio. If the remaining fair value discounts are determined to be insufficient, the allowance will be increased to reflect the additional risk in the portfolio. The ALLL methodology includes documentation, controls, validation and governance processes that ensure that the overall ALLL process is structured, transparent and repeatable. The Bank updates its ALLL methodology at least annually to ensure the relevance and reliability of key measures and assumptions that produce the allowance each quarter.

Reserve for Unfunded Loan Commitments

— The reserve for

off-balance

sheet credit exposure relates to commitments to extend credit, letters of credit and undisbursed funds on lines of credit. The Company evaluates credit risk associated with the

off-balance

sheet loan commitments at the same time as it evaluates credit risk associated with the loan and lease portfolio. We use the historical loan loss factors described under our allowance for loan losses to calculate the loan loss experience if unfunded loan commitments are funded. Separately, we use historical trends to calculate a probability of an unfunded loan commitment being funded. We apply the loan funding probability factor to risk-factor adjusted unfunded loan commitments by credit risk-rating to derive the reserve for unfunded loan commitments, similar to funded loans. The reserve for unfunded loan commitments also includes certain qualitative allocations as deemed appropriate by management. We include the reserve for unfunded loan commitments in other liabilities and the related provision in other noninterest expense.

Other Real Estate Owned

— Other real estate owned (“OREO”) represents real estate acquired through foreclosure in lieu of repayment of commercial and real estate loans and is stated at fair value, less estimated costs to sell (fair value at time of foreclosure). Loan balances in excess of fair value of the real estate acquired at the date of acquisition are charged against the allowance for loan losses. Any subsequent operating expenses or income, reduction in estimated values, and gains or losses on disposition of such properties are charged to current operations. Gain recognition upon disposition of a property is dependent on the sale having met certain criteria relating to the buyer’s initial investment in the property sold.

Premises and Equipment

— Premises and equipment are stated at cost, less accumulated depreciation, which is provided for in amounts sufficient to relate the cost of depreciable assets to operations over the estimated service lives of the respective asset and are computed on a straight-line basis. The ranges of useful lives of the principal classes of assets are as follows:

Bank premises		15 - 39 years
Leasehold improvements		Shorter of estimated economic lives of 15 years or term of the lease.
Computer equipment		3 - 7 years
Furniture, fixtures and equipment		5 - 10 years

Long-lived assets are reviewed periodically for impairment when events or changes in circumstances indicate that the carrying amount may not be recoverable. The existence of impairment is based on

undiscounted

cash flows. To the extent impairment exists, the impairment is calculated as the difference in fair value of assets and their carrying value. The impairment loss, if any, would be recorded in

noninterest

expense.

Long-lived assets classified as

held-for-sale

are measured at the lower of its carrying amount or fair value less cost to sell.

Assets-held-for

sale include long-lived assets transferred from our

“held-and-used”

portfolio in the period in which the following criteria are met:

•

Management, having the authority to approve the action, commits to a plan to sell the asset;

•

The asset is available for immediate sale, an active program to locate a buyer and other actions required to complete the plan to sell the asset have been initiated;

•

The sale of the asset is probable, and transfer of the asset is expected to qualify for recognition as a completed sale, within one year;

•

The asset is being actively marketed for sale at a price that is reasonable in relation to its current fair value;

•

Actions required to complete the plan indicate that it is unlikely that significant changes to the plan will be made or that the plan will be withdrawn.

Goodwill and Intangible Assets

— Goodwill resulting from business combinations prior to January 1, 2009, represents the excess of the purchase price over the fair value of the net assets of the businesses acquired. Goodwill resulting from business combinations after January 1, 2009, is generally determined as the excess of the fair value of the consideration transferred, plus the fair value of any

non-controlling

interest in the acquiree, over the fair value of the net assets acquired and liabilities assumed as of the acquisition date. Goodwill and intangible assets acquired in a purchase business combination and determined to have an indefinite useful life are not amortized, but is tested for impairment at least annually, or more frequently, if events and circumstances exist that indicate that a goodwill impairment test should be performed.

Intangible assets with definite useful lives are amortized over their estimated useful lives to their estimated residual values. Goodwill is the only intangible asset with an indefinite life on our balance sheets. Based on the Company’s annual impairment test, there was no recorded impairment as of December 31, 2019.

Other intangible assets consist of core deposit intangible assets arising from business combinations and are amortized using an accelerated method over their estimated useful lives.

Use of Fair Value

— We use fair value measurements to record fair value adjustments to certain financial instruments and to determine fair value disclosures. Investment securities

available-for-sale

and interest-rate swaps are financial instruments recorded at fair value on a recurring basis. Additionally, from time to time, we may be required to record at fair value other assets on a

non-recurring

basis, such as impaired loans and OREO. These

non-recurring

fair value adjustments typically involve application of

lower-of-cost-or

-market

accounting or write-downs of individual assets. Further, we include in Note 19 —

Fair Value Information

of the consolidated financial statements information about the extent to which fair value is used to measure assets and liabilities, the valuation methodologies used and its impact to earnings. Additionally, for financial instruments not recorded at fair value we disclose the estimate of their fair value.

Bank Owned Life Insurance

— The Company invests in Bank Owned Life Insurance (“BOLI”). BOLI involves the purchasing of life insurance by the Company on a select group of employees. The Company is the owner and primary beneficiary of these policies. BOLI is recorded as an asset at the cash surrender value. Increases in the cash value of these policies, as well as insurance proceeds received, are recorded in other noninterest income and are not subject to income tax for as long as they are held for the life of the covered employee.

Income Taxes

— Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carryforwards.

Deferred tax assets and liabilities are measured using enacted tax rates expected to

apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. Future realization of deferred tax assets ultimately depends on the existence of sufficient taxable income of the appropriate character (for example, ordinary income or capital gain) within the carryback or carryforward periods available under the tax law. Based on historical and future expected taxable earnings and available strategies, the Company considers the future realization of these deferred tax assets more likely than not.

The tax effects from an uncertain tax position are recognized in the financial statements only if, based on its merits, the position is more likely than not to be sustained on audit by the taxing authorities. Interest and penalties related to uncertain tax positions are recorded as part of other operating expense.

Earnings per Common Share

— The Company calculates earnings per common share (“EPS”) using the

two-class

method. The

two-class

method requires the Company to present EPS as if all of the earnings for the period are distributed to common shareholders and any participating securities. All outstanding unvested share-based payment awards that contain rights to

non-forfeitable

dividends are considered participating securities. The Company grants restricted shares under the 2008 Equity Incentive Plan that qualify as participating securities. Restricted shares issued under this plan are entitled to dividends at the same rate as common stock. A reconciliation of the numerator and the denominator used in the computation of basic and diluted earnings per common share is included in Note 16 —

Earnings Per Share Reconciliation

of these consolidated financial statements.

Stock-Based Compensation

— Consistent with the provisions of ASC 718,

Stock Compensation

, we recognize expense for the grant date fair value of stock options and restricted shares issued to employees, officers and

non-employee

directors over the requisite service periods (generally the vesting period). The service periods may be subject to performance conditions.

The fair value of each stock option grant is estimated as of the grant date using the Black-Scholes option-pricing model. Management assumptions used at the time of grant impact the fair value of the option calculated under the Black-Scholes option-pricing model, and ultimately, the expense that will be recognized over the life of the option.

The grant date fair value of restricted stock awards is measured at the fair value of the Company’s common stock as if the restricted share was vested and issued on the date of grant.

Additional information is included in Note 17 —

Stock-Based Compensation Plans

of the consolidated financial statements included herein.

Derivative Financial Instruments

— All derivative instruments, including certain derivative instruments embedded in other contracts, are recognized on the consolidated balance sheets at fair value. For derivatives designated as fair value hedges, changes in the fair value of the derivative and the hedged item related to the hedged risk are recognized in earnings.

Upon adoption of ASU

2017-12,

all changes in fair value for cash flow hedges, are recorded in “Other Comprehensive Income,” net of deferred taxes, including any ineffectiveness as long as the hedge remains highly effective. The Company currently does not designate any derivative financial instruments as qualifying hedging relationships, and therefore, does not utilize hedge accounting.

Statement of Cash Flows

— Cash and cash equivalents, as reported in the statements of cash flows, include cash and due from banks, interest-bearing balances due from depository institutions and federal funds sold with original maturities of three months or less. Cash flows from loans and deposits are reported net.

CitizensTrust

— This division provides trust, investment and brokerage related services and asset management, as well as financial planning, estate planning, retirement planning, and business succession planning services. CitizensTrust services its clients through three offices in Southern California: Pasadena,

Ontario and Newport Beach. At December 31, 2019, CitizensTrust had approximately $2.86 billion in assets under management and administration, including $2.01 billion in assets under management. The amount of these funds and the related liability have not been recorded in the accompanying consolidated balance sheets because they are not assets or liabilities of the Bank or Company, with the exception of any funds held on deposit with the Bank.

Use of Estimates in the Preparation of Financial Statements

— The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. A material estimate that is particularly susceptible to significant change in the near term relates to the determination of the allowance for loan losses. Other significant estimates which may be subject to change include fair value determinations and disclosures, impairment of investments, goodwill, loans, as well as valuation of deferred tax assets.

Other Contingencies

— In the ordinary course of business, the Company becomes involved in litigation. Based upon the Company’s internal records and discussions with legal counsel, the Company records accruals as appropriate, for estimates of the probable outcome of all cases brought against the Company. Except as discussed in Note 14 —

Commitments and Contingencies

at December 31, 2019, the Company does not have any material litigation accruals and is not aware of any material pending legal action or complaints asserted against the Company.

Adoption of New Accounting Standard

— In August 2017, the FASB issued ASU No.

2017-12,

“Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities.” ASU

2017-12

changes the recognition and presentation requirements of hedge accounting and makes certain targeted improvements to simplify the application of the hedge accounting guidance in current GAAP. The amendments in this ASU better align an entity’s financial reporting and risk management activities for hedging relationships through changes to both the designation and measurement guidance for qualifying hedging relationships through changes to both the designation and measurement guidance for qualifying hedging relationships and the presentation of hedge results. To meet that

objective, the amendments expand and refine hedge accounting for both

non-financial

and financial risk components and align the recognition and presentation of the effects of the hedging instrument and the hedged item in the financial statements. ASU No.

2017-12

is effective for interim and annual reporting periods beginning after December 15, 2018; early adoption is permitted. The Company currently does not designate any derivative financial instruments as qualifying hedging relationships, and therefore, does not utilize hedge accounting. The Company adopted this ASU and it did not have a material impact on the Company’s consolidated financial statements.

In June 2018, the FASB issued ASU No.

2018-07,

“Compensation – Stock Compensation (Topic 718): Improvements to Nonemployees Share-Based Accounting.” The intention of ASU

2018-07

is to expand the scope of Topic 718 to include share-based payment transactions for acquiring goods and services from nonemployees. These share-based payments will now be measured at grant-date fair value of the equity instrument issued. Upon adoption, only liability-classified awards that have not been settled and equity-classified awards for which a measurement date has not been established should be

re-measured

through a cumulative-effect adjustment to retained earnings as of the beginning of the fiscal year of adoption. ASU

2018-07

is effective for fiscal years beginning after December 15, 2018 and is applied retrospectively. The Company adopted this ASU and it did not have a material impact on the Company’s consolidated financial statements.

In February 2016, FASB issued ASU No.

2016-02,

“Leases (Topic 842).” ASU

2016-02

establishes a

right-of-use

(“ROU”) model that requires a lessee to record a ROU asset and a lease liability on the balance sheet for all leases with terms longer than 12 months. Leases will be classified as either finance or operating, with classification affecting the pattern of expense recognition in the income statement. The new standard is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. A modified retrospective transition approach is required for lessees for capital and operating leases existing at, or

entered into after, the beginning of the earliest comparative period presented in the financial statements, with certain practical expedients available. In July 2018, the FASB issued ASU

2018-10,

“Codification Improvements to Topic 842, Leases,” which clarifies and corrects errors in ASC 842. The effective date and transition requirements of ASU

2018-10

are the same as the effective date and transition requirements of

2016-02.

In July 2018, the FASB issued ASU No.

2018-11,

“Leases (Topic 842): Targeted Improvements,” which creates a new optional transition method for implementing the new standard on leases, ASU No.

2016-02,

and provides lessors with a practical expedient for separating lease and

non-lease

components. Specifically, under the amendments in ASU

2018-11:

(1) the transition option allows entities to not apply the new leases standard in the comparative periods presented when transitioning to the new accounting standard for leases, and (2) lessors may elect not to separate lease and

non-lease

components when certain conditions are met. The amendments have the same effective date as ASU

2016-02.

Practical Expedients to Topic 842, Leases

— The Company elected several practical expedients made available by the FASB. The Company elected not to restate comparative financial statements upon adoption of the new accounting standard. In addition, the Company elected the package of practical expedients whereby the Company did not reassess (i) whether existing contracts are, or contain, leases, and (ii) lease classification for existing leases. Lastly, the Company elected not to separate lease and

non-lease

components in determining the consideration in the lease agreement.

The Company’s leasing portfolio consists of real estate leases, which are used primarily for the banking operations of the Company. All leases in the current portfolio have been classified as operating leases, although this may change in the future. ROU assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent the obligation to make lease payments arising from the lease. The adoption of this ASU during the first quarter of 2019 did not have a material impact on the Company’s consolidated financial statements. At adoption, the Company recognized a lease liability and a corresponding ROU asset of approximately $20 million on the consolidated balance sheet related to its future lease payments as a lessee under operating leases. See Note

3 —

Leases

for more information.

Operating lease ROU assets and lease liabilities are included in

other assets

and

other liabilities

, respectively, on the Company’s consolidated balance sheet. The Company uses its incremental borrowing rate, factoring in the lease term, to determine the lease liability, which is measured at the present value of future lease payments. The ROU asset, at adoption of this ASU, was recorded at the amount of the lease liability plus any prepaid rent and initial direct costs, less any lease incentives and accrued rent. The lease terms include periods covered by options to extend or terminate the lease depending on whether the Company is reasonably certain to exercise such options.

In January 2017, the FASB issued ASU No.

2017-04,

“Intangibles – Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment.” ASU

2017-04

eliminates the second step in the goodwill impairment test that requires an entity to determine the implied fair value of the reporting unit’s goodwill. Instead, an entity should recognize an impairment loss if the carrying value of the net assets assigned to the reporting unit exceeds the fair value of the reporting unit, with the impairment loss not to exceed the amount of goodwill allocated to the reporting unit. The standard will be effective for the Company beginning January 1, 2020, with early adoption permitted for goodwill impairment tests performed after January 1, 2017. The Company adopted this ASU as of December 31, 2019 and it did not have a material impact on the Company’s consolidated financial statements.

Fair Value Hierarchy

Fair value is the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date.

The following disclosure provides the fair value information for financial assets and liabilities as of December 31, 2019. The fair value hierarchy prioritizes the inputs to valuation techniques used to measure fair value into three broad levels (Level 1, Level 2 and Level 3).

•

Level 1 —

Quoted prices in active markets for identical assets or liabilities in active markets that are accessible at the measurement date.

•

Level 2

— Observable

inputs

other than Level 1, including quoted prices for similar assets and liabilities in active markets, quoted prices in less active markets, or other observable inputs or model derived valuations that can be corroborated by observable market data, either directly or indirectly, for substantially the full term of the financial instrument.

•

Level 3

— Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable. These valuation methodologies generally include pricing models, discounted cash flow models, or a determination of fair value that requires significant management judgment or estimation.

There were no transfers in and out of Level 1 and Level 2 during the years ended December 31, 2019 and 2018.

Assets and Liabilities Measured at Fair Value on a Recurring Basis

The tables below present the balances of assets and liabilities measured at fair value on a recurring basis for the

dates

presented.

Regulatory Matters - Additional Information (Detail) - USD ($) $ in Millions		12 Months Ended
	Jan. 02, 2016	Dec. 31, 2019	Dec. 31, 2018
Regulated Operations [Abstract]
Capital conservation buffer rate	0.625%
Capital conservation buffer phase period		4 years
Capital conservation buffer rate, full implementation		2.50%
Percentage of required capital conservation buffer rate of CET1		2.50%
Capital conservation buffer phase in beginning period		Jan. 01, 2016
Capital conservation buffer phase in end period		Jan. 01, 2019
Trust-preferred securities included in Tier 1 capital			$ 25.0
Additional dividends without obtaining prior approval from bank regulators declared and paid		$ 236.0

Premises and Equipment - Schedule of Premises and Equipment (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Property, Plant and Equipment [Abstract]
Land	$ 19,188	$ 19,929
Bank premises	68,387	73,188
Furniture and equipment	27,540	29,020
Premises and equipment, gross	115,115	122,137
Accumulated depreciation and amortization	(61,137)	(63,944)
Premises and equipment, net	$ 53,978	$ 58,193

Stock-Based Compensation Plans - Estimated Fair Value of Stock Options (Detail) - Stock Options [Member] - $ / shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Dividend yield	2.40%	2.40%	2.20%
Volatility	23.30%	25.40%	29.60%
Risk-free interest rate	2.50%	2.90%	1.80%
Expected life	5 years 4 months 24 days	5 years 4 months 24 days	5 years 7 months 6 days
Weighted average grant date fair value	$ 4.35	$ 5.08	$ 5.17

Earnings Per Share Reconciliation - Schedule of Earnings Per Common Share Reconciliation (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Earnings per common share:
Net earnings	$ 51,281	$ 50,423	$ 54,481	$ 51,642	$ 43,159	$ 38,558	$ 35,373	$ 34,913	$ 207,827	$ 152,003	$ 104,411
Less: Net earnings allocated to restricted stock									488	429	382
Net earnings allocated to common shareholders									$ 207,339	$ 151,574	$ 104,029
Weighted average shares outstanding									139,757	121,670	109,409
Basic earnings per common share	$ 0.37	$ 0.36	$ 0.39	$ 0.37	$ 0.31	$ 0.30	$ 0.32	$ 0.32	$ 1.48	$ 1.25	$ 0.95
Diluted earnings per common share:
Net income allocated to common shareholders									$ 207,339	$ 151,574	$ 104,029
Weighted average shares outstanding									139,757	121,670	109,409
Incremental shares from assumed exercise of outstanding options									177	287	398
Diluted weighted average shares outstanding									139,934	121,957	109,807
Diluted earnings per common share	$ 0.37	$ 0.36	$ 0.39	$ 0.37	$ 0.31	$ 0.30	$ 0.32	$ 0.32	$ 1.48	$ 1.24	$ 0.95

Premises and Equipment (Tables)

12 Months Ended

Dec. 31, 2019

Property, Plant and Equipment [Abstract]

Schedule of Premises and Equipment

Premises and equipment were comprised of the following as of the dates presented.


	Year Ended December 31,
	2019			2018
	(Dollars in thousands)
Land	$	19,188		$	19,929
Bank premises		68,387			73,188
Furniture and equipment		27,540			29,020

Premises and equipment, gross		115,115			122,137
Accumulated depreciation and amortization		(61,137	)		(63,944	)

Premises and equipment, net	$	53,978		$	58,193

Cover Page - USD ($)	12 Months Ended
Cover Page - USD ($)	Dec. 31, 2019	Feb. 14, 2020	Jun. 30, 2019
Cover [Abstract]
Document Type	10-K
Current Fiscal Year End Date	--12-31
Entity Central Index Key	0000354647
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2019
Amendment Flag	false
Document Annual Report	true
Document Transition Report	false
Entity Interactive Data Current	Yes
Document Period End Date	Dec. 31, 2019
Entity Registrant Name	CVB FINANCIAL CORP
Entity Current Reporting Status	Yes
Trading Symbol	CVBF
Title of 12(b) Security	Common Stock
Security Exchange Name	NASDAQ
Entity File Number	000-10140
Entity Incorporation, State or Country Code	CA
Entity Tax Identification Number	95-3629339
Entity Address, Address Line One	701 N. Haven Avenue
Entity Address, City or Town	Ontario
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	91764
City Area Code	909
Local Phone Number	980-4030
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		140,108,098
Entity Public Float			$ 2,790,086,587
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No

Revenue Recognition

12 Months Ended

Dec. 31, 2019

Revenue from Contract with Customer [Abstract]

Revenue Recognition

24.	REVENUE RECOGNITION

On January 1, 2018, the Company adopted ASU No.

2014-09

“Revenue from Contracts with Customers (Topic 606)” and all subsequent ASUs that modified Topic 606. As stated in Note 3 –

Summary of Significant Accounting Policies

, the implementation of the new standard did not have a material impact on the measurement or recognition of revenue; as such, a cumulative effect adjustment to opening retained earnings was not deemed necessary. Results for reporting periods beginning after January 1, 2018 are presented under Topic 606, while prior period amounts were not adjusted and continue to be reported in accordance with our historic accounting under Topic 605.

Topic 606 does not apply to revenue associated with financial instruments, including revenue from loans and securities. In addition, certain noninterest income streams such as fees associated with mortgage servicing rights, financial guarantees, derivatives, and certain credit card fees are also not in scope of the new guidance. Topic 606 is applicable to noninterest revenue streams such as trust and asset management income, deposit related fees, interchange fees, and merchant income. However, the recognition of these revenue streams did not change significantly upon adoption of Topic 606. Substantially all of the Company’s revenue is generated from contracts with customers. Noninterest revenue streams

in-scope

of Topic 606 are discussed below.

Trust and Investment Services

Trust and asset management income is primarily comprised of fees earned from the management and administration of trusts and customer assets. The Company’s performance obligation is generally satisfied over time and the resulting fees are recognized monthly, based upon the monthly market value of the assets under management and the applicable fee rate. Payment is generally received at month end through a direct charge to customers’ accounts. The Company does not earn performance-based incentives. Other services related to real estate and tax return preparation services are also provided to existing trust and asset management customers. The Company’s performance obligation for these transactional-based services is generally satisfied, and related revenue recognized, at a point in time (i.e., as incurred). Payment is received shortly after services are rendered.

Wealth Management contracts with customers have no clauses that would entitle customers to additional services. Fees are generally earned based on market value of assets under management (AUM) and miscellaneous fees are transaction driven and are charged based on an agreed upon fee schedule. Performance obligation is satisfied upon execution of the transaction and there is no need to allocate transaction price to the performance obligation(s) in the contract. Wealth Management customers can also terminate the contract at will.

For Investment Services, the fees are earned based on services performed for customers as provided through an affiliated broker-dealer. Fees are earned from gross dealer commission based on trade date. Performance obligation is satisfied upon execution of the transaction and there is no need to allocate transaction price to the performance obligation(s) in the contract.

Deposit-related Fees

Service charges on deposit accounts consist of account analysis fees earned on analyzed business checking accounts, monthly service fees, and other deposit account related fees. The Company’s performance obligation for account analysis fees and monthly service fees is generally satisfied, and the related revenue recognized, over the period in which the service is provided. Other deposit account related fees are largely transactional based, and therefore, the Company’s performance obligation is satisfied, and related revenue recognized, at a point in time. Payment for service charges on deposit accounts is primarily received immediately or in the following month through a direct charge to customers’ accounts.

Bankcard Services

The Bank generates revenues from merchant servicing to its clients. A fee schedule is part of the contract and is calculated based on sales of merchants on a monthly basis. There is no future promise or claim to deliver services as merchant fees are based on monthly merchant transactions. The Company’s performance obligations are largely satisfied, and related revenue recognized, when the services are rendered or upon completion. Payment is typically received immediately or in the following month. Therefore, the new revenue standard has no impact on revenues generated from bankcard services.

The following presents noninterest income, segregated by revenue streams

in-scope

and

out-of-scope

of Topic 606, for the periods presented.


	Year Ended December 31,
	2019		2018		2017
	(Dollars in thousands)
Noninterest income:
In-scope of Topic 606:
Service charges on deposit accounts	$	20,010	$	17,070	$	15,809
Trust and investment services		9,525		8,774		9,845
Bankcard services		3,163		3,485		3,406
Gain on OREO, net		129		3,546		6
Other		9,951		6,588		4,888

Noninterest Income (in-scope of Topic 606)		42,778		39,463		33,954
Noninterest Income (out-of-scope of Topic 606)		16,264		4,018		8,164

Total noninterest income	$	59,042	$	43,481	$	42,118

Contract Acquisition Costs

In connection with the adoption of Topic 606, an entity is required to capitalize, and subsequently amortize into expense, certain incremental costs of obtaining a contract with a customer if these costs are expected to be recovered. The incremental costs of obtaining a contract are those costs that an entity incurs to obtain a contract with a customer that it would not have incurred if the contract had not been obtained (for example, sales commission). The Company utilizes the practical expedient, which allows entities to immediately expense contract acquisition costs when the asset that would have resulted from capitalizing these costs would have been amortized in one year or less.

Borrowings

12 Months Ended

Dec. 31, 2019

Debt Disclosure [Abstract]

Borrowings

13.	BORROWINGS

Customer Repurchase Agreements

The Bank offers a repurchase agreement product to its customers. This product, known as Citizens Sweep Manager, sells our investment securities overnight to our customers under an agreement to repurchase them the next day at a price which reflects the market value of the use of funds by the Bank for the period concerned. These repurchase agreements are signed with customers who want to invest their excess deposits, above a

pre-determined

balance in a demand deposit account, in order to earn interest. As of December 31, 2019, total funds borrowed under these agreements were $428.7 million with a weighted average interest rate of 0.44%, compared to $442.3 million with a weighted average rate of 0.39% at December 31, 2018.

Federal Home Loan Bank Advances

At December 31, 2019 and 2018, there were no outstanding FHLB advances.

At December 31, 2019, $6.03 billion of loans and $1.64 billion of investment securities, at carrying value, were pledged to secure public deposits, short and long-term borrowings, and for other purposes as required or permitted by law.

Other Borrowings

At December 31, 2019, the

Bank had no short-term borrowings, compared

to $280.0 million short-term borrowings with the FHLB at a cost of 2.53% at December 31, 2018.

Junior Subordinated Debentures

On January 31, 2006, CVB Statutory Trust III completed a $25,000,000 offering of Trust Preferred Securitie

and used the gross proceeds from the offering and other cash totaling $25,774,000 to purchase a like amount of junior subordinated debentures of the Company. The junior subordinated debentures were issued concurrent with the issuance of the Trust Preferred Securities. The interest on junior subordinated debentures, paid by the Company to CVB Statutory Trust III, represents the sole revenues of CVB Statutory Trust III and the sole source of dividend distributions to the holders of the Trust Preferred Securities. The Company has fully and conditionally guaranteed all of CVB Statutory Trust III’s obligations under the Trust Preferred Securities. The Company has the right, assuming no default has occurred, to defer payments of interest on the junior subordinated debenture at any time for a period not to exceed 20 consecutive quarters. The Trust Preferred Securities will mature on March 15, 2036, but became callable in part or in total on March 15, 2011 by CVB Statutory Trust III. The Trust Preferred Securities have a variable per annum rate equal to LIBOR (as defined in the indenture dated as of January 31, 2006 (“Indenture”) between the Company and U.S. Bank National Association, as debenture trustee) plus 1.38% (the “Variable Rate”). As of December 31, 2019, these securities continue to be outstanding.

Condensed Financial Information of Parent Company - Condensed Statements of Earnings (Detail) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Condensed Financial Statements, Captions [Line Items]
Other expense, net									$ (198,740)	$ (179,911)	$ (140,753)
Net earnings	$ 51,281	$ 50,423	$ 54,481	$ 51,642	$ 43,159	$ 38,558	$ 35,373	$ 34,913	207,827	152,003	104,411
Parent Company [Member]
Condensed Financial Statements, Captions [Line Items]
Excess in net earnings of subsidiaries									107,185	78,601	50,253
Dividends from the Bank									106,000	77,800	57,000
Other expense, net									(5,358)	(4,398)	(2,842)
Net earnings									$ 207,827	$ 152,003	$ 104,411

Summary of Components of Loans and Lease Finance Receivables, Excluding PCI Loans

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

Loans and Lease Finance Receivables and Allowance for Loan Losses - Summary of Activity Related to Troubled Debt Restructurings (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Financing Receivable, Modifications [Line Items]
Total TDRs	$ 3,356	$ 7,103
Performing TDRs [Member]
Financing Receivable, Modifications [Line Items]
Beginning balance	3,594	4,809
New modifications	0	311
Payoffs/payments, net and other	(482)	(1,526)
TDRs returned to accrual status	0	0
TDRs placed on nonaccrual status	0	0
Ending balance	3,112	3,594
Nonperforming TDRs [Member]
Financing Receivable, Modifications [Line Items]
Beginning balance	3,509	4,200
New modifications	0	316
Charge-offs	(78)	0
Transfer to OREO	(2,275)	0
Payoffs/payments, net and other	(912)	(1,007)
TDRs returned to accrual status	0	0
TDRs placed on nonaccrual status	0	0
Ending balance	$ 244	$ 3,509

Stock-Based Compensation Plans - Additional Information (Detail) - USD ($)		12 Months Ended
	May 31, 2008	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock option plan, options outstanding		359,000	532,000
Stock options granted under Black-Scholes options pricing model		2,000
Cash received from stock option exercises		$ 2,215,000	$ 1,701,000	$ 2,683,000
Common stock, shares outstanding		140,102,480	140,000,017
Number of common shares, options exercisable		212,000
2008 Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Authorized issuance of shares of Company common stock	9,000,000
Expiry of equity incentive plan		2018
2008 Stock Option Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock option plan, options outstanding		312,500,000	0
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total expenses on stock option		$ 352,000	$ 400,000	$ 399,000
Stock options granted under Black-Scholes options pricing model		1,500	140,500	11,500
Vesting period		5 years
Intrinsic value of options exercised		$ 1,300,000	$ 2,200,000	$ 3,800,000
Unrecognized compensation cost related to nonvested options granted		$ 564,000
Weighted-average period for expected cost recognized		2 years 2 months 12 days
Fair value of options vested		$ 520,000	364,000	505,000
Cash received from stock option exercises		$ 2,200,000	1,700,000	2,700,000
Common stock, shares outstanding		358,600
Options exercisable lower price range		$ 7.68
Options exercisable upper price range		$ 24.83
Stock Options [Member] \| Common Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of common shares, options exercisable		212,133
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost related to nonvested options granted		$ 6,300,000
2008 Equity Incentive Plan, granted restricted stock awards		217,000
Weighted average fair value of restricted stock		$ 20.76
Amount of compensation cost recognized		$ 5,200,000	$ 3,100,000	$ 2,600,000
Restricted Stock [Member] \| 2008 Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
2008 Equity Incentive Plan, granted restricted stock awards		217,000	424,000	73,000
Weighted average fair value of restricted stock		$ 20.76	$ 23.84	$ 21.59
Restricted Stock [Member] \| 2008 Equity Incentive Plan [Member] \| Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period		1 year
Restricted Stock [Member] \| 2008 Equity Incentive Plan [Member] \| Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period		5 years

Leases - Future lease payments required for leases that have initial or remaining non-cancelable lease terms (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
2020	$ 7,248	$ 9,300
2021	5,512	5,900
2022	4,325	4,100
2023	2,542	2,800
2024	1,495	1,200
Thereafter	1,781	$ 1,700
Total future lease payments	22,903
Less: Imputed interest	(1,511)
Present value of lease liabilities	$ 21,392

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Amortized cost	$ 1,718,357	$ 1,757,666
Fair Value, Held-to-maturity	$ 678,948	$ 721,537
Common stock, par value	$ 0	$ 0
Common stock, authorized	225,000,000	225,000,000
Common stock, shares issued	140,102,480	140,000,017
Common stock, shares outstanding	140,102,480	140,000,017

Condensed Financial Information of Parent Company - Condensed Balance Sheets (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Assets
Other assets, net	$ 110,137	$ 67,807
Total assets	11,282,450	11,529,153
Liabilities	9,288,352	9,677,963
Stockholders' equity	1,994,098	1,851,190	$ 1,069,266	$ 990,862
Total liabilities and stockholders' equity	11,282,450	11,529,153
Parent Company [Member]
Assets
Investment in subsidiaries	2,003,692	1,865,609
Other assets, net	42,070	31,628
Total assets	2,045,762	1,897,237
Liabilities	51,664	46,047
Stockholders' equity	1,994,098	1,851,190
Total liabilities and stockholders' equity	$ 2,045,762	$ 1,897,237

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Cash Flows from Operating Activities
Interest and dividends received	$ 438,795	$ 363,217	$ 296,885
Service charges and other fees received	42,489	35,915	35,003
Interest paid	(21,193)	(13,241)	(8,286)
Net cash paid to vendors, employees and others	(182,568)	(171,998)	(114,424)
Income taxes	(69,341)	(48,876)	(70,250)
Payments to FDIC, loss share agreement	0	(64)	(519)
Net cash provided by operating activities	208,182	164,953	138,409
Cash Flows from Investing Activities
Proceeds from redemption of FHLB stock	0	17,250	1,952
Net change in interest-earning balances from depository institutions	4,739	13,076	30,375
Proceeds from sale of investment securities held-for-sale	152,644	716,996	5,403
Proceeds from repayment of investment securities available-for-sale	364,126	383,155	425,666
Proceeds from maturity of investment securities available-for-sale	7,109	24,651	28,620
Purchases of investment securities available-for-sale	(492,995)	(98,709)	(319,603)
Proceeds from repayment and maturity of investment securities held-to-maturity	114,569	81,816	118,540
Purchases of investment securities held-to-maturity	(47,587)	0	(42,400)
Net increase in equity investments	(16,488)	(24,863)	(1,470)
Net decrease (increase) in loan and lease finance receivables	231,105	(179,054)	(111,879)
Proceeds on eminent domain condemnation, net	5,685	3,425	0
Proceeds from sale of building, net	5,755	0	4,012
Purchase of premises and equipment	(5,522)	(4,194)	(4,893)
Proceeds from BOLI death benefit	1,660	2,383	2,653
Proceeds from sales of other real estate owned	523	8,067	0
Cash used in sale of branch, net	0	0	(25,266)
Cash acquired from acquisition, net of cash paid	0	(132,918)	28,325
Net cash provided by investing activities	325,323	811,081	140,035
Cash Flows from Financing Activities
Net decrease in other deposits	(36,926)	(444,316)	(50,611)
Net decrease in time deposits	(85,636)	(145,033)	(47,342)
Repayment of FHLB advances	0	(297,571)	0
Net (decrease) increase in other borrowings	(280,000)	114,000	(53,000)
Net decrease in customer repurchase agreements	(13,596)	(111,518)	(49,255)
Cash dividends on common stock	(95,352)	(65,966)	(57,047)
Repurchase of common stock	(2,640)	(7,760)	(1,128)
Proceeds from exercise of stock options	2,215	1,701	2,683
Net cash used in financing activities	(511,935)	(956,463)	(255,700)
Net increase in cash and cash equivalents	21,570	19,571	22,744
Cash and cash equivalents, beginning of period	163,948	144,377	121,633
Cash and cash equivalents, end of period	185,518	163,948	144,377
Reconciliation of Net Earnings to Net Cash Provided by Operating Activities
Net earnings	207,827	152,003	104,411
Adjustments to reconcile net earnings to net cash provided by operating activities:
Gain on sale of branch, net	0	0	(906)
Gain on sale of investment securities, net	(5)	0	(402)
Gain on eminent domain condemnation, net	(5,685)	0	(2,894)
Gain on sale of building, net	(4,776)	0	(542)
Gain on sale of other real estate owned	(105)	(3,540)	0
Increase in BOLI	(5,670)	(5,751)	(4,932)
Net amortization of premiums and discounts on investment securities	10,298	13,531	18,017
Accretion of discount for acquired loans, net	(28,831)	(15,400)	(5,159)
Recapture of loan losses	5,000	1,500	(8,500)
Recapture of provision for unfunded loan commitments	0	(250)	(400)
Payments to FDIC, loss share agreement	0	(64)	(519)
Stock-based compensation	5,548	3,508	2,953
Depreciation and amortization, net	22,036	8,349	2,657
Change in other assets and liabilities	2,545	11,067	34,625
Total adjustments	355	12,950	33,998
Net cash provided by operating activities	208,182	164,953	138,409
Supplemental Disclosure of Non-cash Investing Activities
Transfer of loans to other real estate owned	4,889	420	0
Issuance of common stock for acquisition	$ 0	$ 722,767	$ 37,637

Loans and Lease Finance Receivables and Allowance for Loan Losses (Tables)

12 Months Ended

Dec. 31, 2019

Receivables [Abstract]

The following table provides a summary of total loans and lease finance receivables by type.


	December 31, 2019			December 31, 2018
	Total Loans and Leases			Non-PCI Loans and Leases			PCI Loans			Total Loans and Leases
	(Dollars in thousands)
Commercial and industrial	$	935,127		$	1,002,209		$	519		$	1,002,728
SBA		305,008			350,043			1,258			351,301
Real estate:
Commercial real estate		5,374,617			5,394,229			14,407			5,408,636
Construction		116,925			122,782			-			122,782
SFR mortgage		283,468			296,504			145			296,649
Dairy & livestock and agribusiness		383,709			393,843			700			394,543
Municipal lease finance receivables		53,146			64,186			-			64,186
Consumer and other loans		116,319			128,429			185			128,614

Gross loans		7,568,319			7,752,225			17,214			7,769,439
Less: Deferred loan fees, net		(3,742	)		(4,828	)		-			(4,828	)

Gross loans, net of deferred loan fees		7,564,577			7,747,397			17,214			7,764,611
Less: Allowance for loan losses		(68,660	)		(63,409	)		(204	)		(63,613	)

Total loans and lease finance receivables	$	7,495,917		$	7,683,988		$	17,010		$	7,700,998

Summary of Loan, Excluding PCI Loans by Internal Risk Ratings

The following table summarizes loans by type, according to our internal risk ratings as of the dates presented.


	December 31, 2019
	Pass		Special Mention		Substandard (1)		Doubtful & Loss		Total
	(Dollars in thousands)
Commercial and industrial	$	895,234	$	35,473	$	4,420	$	-	$	935,127
SBA		283,430		11,032		10,546		-		305,008
Real estate:
Commercial real estate
Owner occupied		1,977,007		78,208		28,435		-		2,083,650
Non-owner occupied		3,280,580		10,005		382		-		3,290,967
Construction
Speculative		106,895		-		-		-		106,895
Non-speculative		10,030		-		-		-		10,030
SFR mortgage		280,010		1,957		1,501		-		283,468
Dairy & livestock and agribusiness		320,670		35,920		27,119		-		383,709
Municipal lease finance receivables		52,676		470		-		-		53,146
Consumer and other loans		114,870		421		1,028		-		116,319

Total gross loans	$	7,321,402	$	173,486	$	73,431	$	-	$	7,568,319

(1)

Includes $26.8 million of classified loans acquired from CB in the third quarter of 2018.


	December 31, 2018 (1)
	Pass		Special Mention		Substandard (2)		Doubtful & Loss		Total
	(Dollars in thousands)
Commercial and industrial	$	961,909	$	29,358	$	10,942	$	-	$	1,002,209
SBA		336,033		7,375		6,635		-		350,043
Real estate:
Commercial real estate
Owner occupied		2,008,169		95,841		13,980		-		2,117,990
Non-owner occupied		3,260,822		9,938		5,479		-		3,276,239
Construction
Speculative		118,233		-		-		-		118,233
Non-speculative		4,549		-		-		-		4,549
SFR mortgage		289,607		3,310		3,587		-		296,504
Dairy & livestock and agribusiness		350,044		34,586		9,213		-		393,843
Municipal lease finance receivables		63,650		536		-		-		64,186
Consumer and other loans		126,085		1,263		1,081		-		128,429

Total gross loans	$	7,519,101	$	182,207	$	50,917	$	-	$	7,752,225

(1)

(2)

Includes $19.0 million of classified loans acquired from CB in the third quarter of 2018.

Schedule of Balance and Activity Related to Allowance for Loan Losses for Held-for-Investment Loans by Type

The following tables present the balance and activity related to the allowance for loan losses for

held-for-investment

loans by type for the periods presented.


	Year Ended December 31, 2019
	Ending Balance December 31, 2018		Charge-offs			Recoveries		Provision for (Recapture of) Loan Losses			Ending Balance December 31, 2019
	(Dollars in thousands)
Commercial and industrial	$	7,528	$	(48	)	$	255	$	1,145		$	8,880
SBA		1,078		(321	)		9		687			1,453
Real estate:
Commercial real estate		45,097		-			-		3,532			48,629
Construction		981		-			12		(135	)		858
SFR mortgage		2,197		-			196		(54	)		2,339
Dairy & livestock and agribusiness		5,225		(78	)		19		89			5,255
Municipal lease finance receivables		775		-			-		(152	)		623
Consumer and other loans		732		(7	)		10		(112	)		623

Total allowance for loan losses	$	63,613	$	(454	)	$	501	$	5,000		$	68,660


	Year Ended December 31, 2018
	Ending Balance December 31, 2017		Charge-offs			Recoveries		Provision for (Recapture of) Loan Losses			Ending Balance December 31, 2018
	(Dollars in thousands)
Commercial and industrial	$	7,280	$	(10	)	$	82	$	168		$	7,520
SBA		869		(257	)		20		430			1,062
Real estate:
Commercial real estate		41,722		-			-		3,212			44,934
Construction		984		-			2,506		(2,509	)		981
SFR mortgage		2,112		(13	)		51		46			2,196
Dairy & livestock and agribusiness		4,647		-			19		549			5,215
Municipal lease finance receivables		851		-			-		(76	)		775
Consumer and other loans		753		(11	)		141		(157	)		726
PCI loans		367		-			-		(163	)		204

Total allowance for loan losses	$	59,585	$	(291	)	$	2,819	$	1,500		$	63,613


	Year Ended December 31, 2017
	Ending Balance December 31, 2016		Charge-offs			Recoveries		(Recapture of) Provision for Loan Losses			Ending Balance December 31, 2017
	(Dollars in thousands)
Commercial and industrial	$	8,154	$	(138	)	$	118	$	(854	)	$	7,280
SBA		871		-			78		(80	)		869
Real estate:
Commercial real estate		37,443		-			154		4,125			41,722
Construction		1,096		-			6,036		(6,148	)		984
SFR mortgage		2,287		-			212		(387	)		2,112
Dairy & livestock and agribusiness		8,541		-			19		(3,913	)		4,647
Municipal lease finance receivables		941		-			-		(90	)		851
Consumer and other loans		988		(13	)		79		(301	)		753
PCI loans		1,219		-			-		(852	)		367

Total allowance for loan losses	$	61,540	$	(151	)	$	6,696	$	(8,500	)	$	59,585

Schedule of Recorded Investment in Loans Held-for-Investment and Related Allowance for Loan Losses by Loan Type


	December 31, 2019
	Recorded Investment in Loans				Allowance for Loan Losses
	Individually Evaluated for Impairment		Collectively Evaluated for Impairment		Individually Evaluated for Impairment		Collectively Evaluated for Impairment
	(Dollars in thousands)
Commercial and industrial	$	1,344	$	933,783	$	251	$	8,629
SBA		2,568		302,440		257		1,196
Real estate:
Commercial real estate		1,121		5,373,496		-		48,629
Construction		-		116,925		-		858
SFR mortgage		2,979		280,489		-		2,339
Dairy & livestock and agribusiness		-		383,709		-		5,255
Municipal lease finance receivables		-		53,146		-		623
Consumer and other loans		377		115,942		-		623

Total	$	8,389	$	7,559,930	$	508	$	68,152


	December 31, 2018
	Recorded Investment in Loans						Allowance for Loan Losses
	Individually Evaluated for Impairment		Collectively Evaluated for Impairment		Acquired with Deteriorated Credit Quality		Individually Evaluated for Impairment		Collectively Evaluated for Impairment		Acquired with Deteriorated Credit Quality
	(Dollars in thousands)
Commercial and industrial	$	7,625	$	994,584	$	-	$	3	$	7,517	$	-
SBA		3,467		346,576		-		-		1,062		-
Real estate:
Commercial real estate		6,540		5,387,689		-		478		44,456		-
Construction		-		122,782		-		-		981		-
SFR mortgage		5,349		291,155		-		-		2,196		-
Dairy & livestock and agribusiness		78		393,765		-		12		5,203		-
Municipal lease finance receivables		-		64,186		-		-		775		-
Consumer and other loans		486		127,943		-		68		658		-
PCI loans		-		-		17,214		-		-		204

Total	$	23,545	$	7,728,680	$	17,214	$	561	$	62,848	$	204

Schedule of Recorded Investment in, and Aging of, Past Due and Nonaccrual Loans, Excluding PCI Loans by Class of Loans

The following tables present the recorded investment in, and the aging of, past due and nonaccrual loans, by type of loans as of the dates presented.


	December 31, 2019
	30-59 Days Past Due		60-89 Days Past Due		Total Past Due and Accruing		Nonaccrual (1) (3) (4)		Current		Total Loans and Financing Receivables
	(Dollars in thousands)
Commercial and industrial	$	2	$	-	$	2	$	1,266	$	933,859	$	935,127
SBA		870		532		1,402		2,032		301,574		305,008
Real estate:
Commercial real estate
Owner occupied		-		-		-		479		2,083,171		2,083,650
Non-owner occupied		-		-		-		245		3,290,722		3,290,967
Construction
Speculative (2)		-		-		-		-		106,895		106,895
Non-speculative		-		-		-		-		10,030		10,030
SFR mortgage		6		243		249		878		282,341		283,468
Dairy & livestock and agribusiness		-		-		-		-		383,709		383,709
Municipal lease finance receivables		-		-		-		-		53,146		53,146
Consumer and other loans		-		-		-		377		115,942		116,319

Total gross loans, excluding PCI loans	$	878	$	775	$	1,653	$	5,277	$	7,561,389	$	7,568,319

(1)

As of December 31, 2019, $1.2 million of nonaccruing loans were current, $59,000 were

30-59

days past due, $1.1 million were

60-89

days past due

and $2.9 million were 90+ days past due.

(2)

Speculative construction loans are generally for properties where there is no identified buyer or renter.

(3)

Includes $3.5 million of nonaccrual loans acquired from CB in the third quarter of 2018.

(4)

Excludes $2.0 million of guaranteed portion of nonaccrual SBA loans that are in process of collection.


	December 31, 2018 (1)
	30-59 Days Past Due		60-89 Days Past Due		Total Past Due and Accruing		Nonaccrual (2) (4)		Current		Total Loans and Financing Receivables
	(Dollars in thousands)
Commercial and industrial	$	820	$	89	$	909	$	7,490	$	993,810	$	1,002,209
SBA		1,172		135		1,307		2,892		345,844		350,043
Real estate:
Commercial real estate
Owner occupied		2,439		350		2,789		589		2,114,612		2,117,990
Non-owner occupied		-		-		-		5,479		3,270,760		3,276,239
Construction
Speculative ( 3 )		-		-		-		-		118,233		118,233
Non-speculative		-		-		-		-		4,549		4,549
SFR mortgage		-		285		285		2,937		293,282		296,504
Dairy & livestock and agribusiness		-		-		-		78		393,765		393,843
Municipal lease finance receivables		-		-		-		-		64,186		64,186
Consumer and other loans		-		-		-		486		127,943		128,429

Total gross loans, excluding PCI loans	$	4,431	$	859	$	5,290	$	19,951	$	7,726,984	$	7,752,225

(1)

Excludes PCI loans.

(2)

As of December 31, 2018, $2.3 million of nonaccruing loans were current, $33,000 were

30-59

days past due, $57,000 were

60-89

days past due, and $17.6 million were 90+ days past due.

(3)

Speculative construction loans are generally for properties where there is no identified buyer or renter.

(4)

Includes $12.3 million of nonaccrual loans acquired from CB in the third quarter of 2018.

Schedule of Held-for-Investment Loans, Individually Evaluated for Impairment by Class of Loans

The following tables present information for

held-for-investment

loans, individually evaluated for impairment by type of loans, as of and for the periods presented.


	Year Ended December 31, 2019
	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized
	(Dollars in thousands)
With no related allowance recorded:
Commercial and industrial	$	1,091	$	1,261	$	-	$	1,369	$	4
SBA		2,243		2,734		-		2,389		41
Real estate:
Commercial real estate
Owner occupied		479		613		-		505		-
Non-owner occupied		642		643		-		681		26
Construction
Speculative		-		-		-		-		-
Non-speculative		-		-		-		-		-
SFR mortgage		2,979		3,310		-		3,043		86
Dairy & livestock and agribusiness		-		-		-		-		-
Municipal lease finance receivables		-		-		-		-		-
Consumer and other loans		377		514		-		396		-

Total		7,811		9,075		-		8,383		157

With a related allowance recorded:
Commercial and industrial		253		347		251		699		-
SBA		325		324		257		327		-
Real estate:
Commercial real estate
Owner occupied		-		-		-		-		-
Non-owner occupied		-		-		-		-		-
Construction
Speculative		-		-		-		-		-
Non-speculative		-		-		-		-		-
SFR mortgage		-		-		-		-		-
Dairy & livestock and agribusiness		-		-		-		-		-
Municipal lease finance receivables		-		-		-		-		-
Consumer and other loans		-		-		-		-		-

Total		578		671		508		1,026		-

Total impaired loans	$	8,389	$	9,746	$	508	$	9,409	$	157


	Year Ended December 31, 2018 (1)
	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized
	(Dollars in thousands)
With no related allowance recorded:
Commercial and industrial	$	7,436	$	11,457	$	-	$	7,718	$	7
SBA		3,467		5,746		-		3,919		44
Real estate:
Commercial real estate
Owner occupied		589		705		-		624		-
Non-owner occupied		2,808		4,324		-		4,585		32
Construction
Speculative		-		-		-		-		-
Non-speculative		-		-		-		-		-
SFR mortgage		5,349		6,270		-		5,484		80
Dairy & livestock and agribusiness		-		-		-		-		-
Municipal lease finance receivables		-		-		-		-		-
Consumer and other loans		418		526		-		459		-

Total		20,067		29,028		-		22,789		163

With a related allowance recorded:
Commercial and industrial		189		191		3		203		-
SBA		-		-		-		-		-
Real estate:
Commercial real estate
Owner occupied		-		-		-		-		-
Non-owner occupied		3,143		3,144		478		3,144		-
Construction
Speculative		-		-		-		-		-
Non-speculative		-		-		-		-		-
SFR mortgage		-		-		-		-		-
Dairy & livestock and agribusiness		78		78		12		78		-
Municipal lease finance receivables		-		-		-		-		-
Consumer and other loans		68		100		68		76		-

Total		3,478		3,513		561		3,501		-

Total impaired loans	$	23,545	$	32,541	$	561	$	26,290	$	163


	Ye ar Ended December 31, 2017 (1)
	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized
	(Dollars in thousands)
With no related allowance recorded:
Commercial and industrial	$	440	$	980	$	-	$	548	$	10
SBA		1,530		1,699		-		1,598		47
Real estate:
Commercial real estate
Owner occupied		4,365		4,763		-		4,414		36
Non-owner occupied		3,768		5,107		-		3,951		94
Construction
Speculative		-		-		-		-		-
Non-speculative		-		-		-		-		-
SFR mortgage		4,040		4,692		-		4,119		118
Dairy & livestock and agribusiness		829		1,091		-		988		1
Municipal lease finance receivables		-		-		-		-		-
Consumer and other loans		174		370		-		202		-

Total		15,146		18,702		-		15,820		306

With a related allowance recorded:
Commercial and industrial		-		-		-		-		-
SBA		1		18		1		6		-
Real estate:
Commercial real estate
Owner occupied		-		-		-		-		-
Non-owner occupied		-		-		-		-		-
Construction
Speculative		-		-		-		-		-
Non-speculative		-		-		-		-		-
SFR mortgage		-		-		-		-		-
Dairy & livestock and agribusiness		-		-		-		-		-
Municipal lease finance receivables		-		-		-		-		-
Consumer and other loans		378		391		74		385		-

Total		379		409		75		391		-

Total impaired loans	$	15,525	$	19,111	$	75	$	16,211	$	306

Summary of Activity Related to Troubled Debt Restructurings

The following table provides a summary of the activity related to TDRs for the periods presented.


	Year Ended December 31,
	2019			2018 (1)
	(Dollars in thousands)
Performing TDRs:
Beginning balance	$	3,594		$	4,809
New modifications		-			311
Payoffs/payments, net and other		(482	)		(1,526	)
TDRs returned to accrual status		-			-
TDRs placed on nonaccrual status		-			-

Ending balance	$	3,112		$	3,594

Nonperforming TDRs:
Beginning balance	$	3,509		$	4,200
New modifications		-			316
Charge-offs		(78	)		-
Transfer to OREO		(2,275	)		-
Payoffs/payments, net and other		(912	)		(1,007	)
TDRs returned to accrual status		-			-
TDRs placed on nonaccrual status		-			-

Ending balance	$	244		$	3,509

Total TDRs	$	3,356		$	7,103

(1)

Excludes PCI loans.

Summary of Loans Modified as Troubled Debt Restructurings

The following tables summarize loans modified as TDRs for the periods

presented

Modifications (1)


	Year Ended December 31, 2018 (2)
	Number of Loans		Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment		Outstanding Recorded Investment at December 31, 2018		Financial Effect Resulting From Modifications ( 3 )
	(Dollars in thousands)
Commercial and industrial:
Interest rate reduction		-	$	-	$	-	$	-	$	-
Change in amortization period or maturity		1		38		38		20		-
Real estate:
Commercial real estate:
Owner occupied
Interest rate reduction		-		-		-		-		-
Change in amortization period or maturity		-		-		-		-		-
Non-owner occupied
Interest rate reduction		-		-		-		-		-
Change in amortization period or maturity		-		-		-		-		-
SFR mortgage:
Interest rate reduction		-		-		-		-		-
Change in amortization period or maturity		1		311		311		300		-
Dairy & livestock and agribusiness:
Interest rate reduction		-		-		-		-		-
Change in amortization period or maturity		-		-		-		-		-
Consumer:
Interest rate reduction		-		-		-		-		-
Change in amortization period or maturity		1		278		278		267		-

Total loans		3	$	627	$	627	$	587	$	-


	Year Ended December 31, 2017 (2)
	Number of Loans		Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment		Outstanding Recorded Investment at December 31, 2017		Financial Effect Resulting From Modifications ( 3 )
	(Dollars in thousands)
Commercial and industrial:
Interest rate reduction		-	$	-	$	-	$	-	$	-
Change in amortization period or maturity		-		-		-		-		-
Real estate:
Commercial real estate:
Owner occupied
Interest rate reduction		-		-		-		-		-
Change in amortization period or maturity		-		-		-		-		-
Non-owner occupied
Interest rate reduction		-		-		-		-		-
Change in amortization period or maturity		1		3,143		3,143		3,143		-
SFR mortgage:
Interest rate reduction		-		-		-		-		-
Change in amortization period or maturity		-		-		-		-		-
Dairy & livestock and agribusiness:
Interest rate reduction		-		-		-		-		-
Change in amortization period or maturity		1		1,984		1,984		78		-
Consumer:
Interest rate reduction		-		-		-		-		-
Change in amortization period or maturity		-		-		-		-		-

Total loans		2	$	5,127	$	5,127	$	3,221	$	-

(1)

The tables above exclude modified loans that were paid off prior to the end of the period.

(2)

Excludes PCI loans.

(3)

Financial effects resulting from modifications represent charge-offs and specific allowance recorded at modification date.

Regulatory Matters

12 Months Ended

Dec. 31, 2019

Regulatory Matters

18.	REGULATORY MATTERS

The Company (on a consolidated basis) and the Bank are subject to various regulatory capital requirements administered by the federal banking regulatory agencies. Failure to meet minimum capital requirements can initiate certain mandatory, and possibly additional discretionary, actions by regulators that, if undertaken, could have a direct, material effect on the Company’s and the Bank’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company and Bank must meet specific capital guidelines that involve quantitative measures of assets, liabilities, and certain

off-balance-sheet

items as calculated under regulatory accounting practices. The capital amounts and classification are also subject to qualitative judgment by the regulators about components, risk-weightings, and other factors. Prompt corrective action provisions are not applicable to bank holding companies.

Effective January 1, 2015, the Company and the Bank became subject to a new regulatory capital measure called Common Equity Tier 1 (“CET1”) to risk-weighted assets which was implemented as a result of the “Basel III” regulatory capital reforms and changes required by the Dodd-Frank Act.

Basel III also introduces a new “capital conservation buffer,” composed entirely of CET1, on top of minimum risk-weighted asset ratios. The capital conservation buffer is designed to absorb losses during periods of economic stress. Banking institutions with a ratio of CET1 to risk-weighted assets above the minimum requirement but below the capital conservation buffer will face constraints on dividends, equity repurchases and payment of discretionary bonuses based on the amount of the shortfall. The implementation of the capital conservation buffer began on January 1, 2016 at 0.625% was phased in over a four-year period (increasing by that amount on each subsequent January 1, until it reaches 2.5% on January 1, 2019). The Bank is now required to maintain this additional capital conservation buffer of 2.5% of CET1.

Quantitative measures established by regulation to ensure capital adequacy require the Company and the Bank to maintain minimum amounts and ratios (set forth in the table below) of total capital, Tier 1 capital and CET1 capital to risk-weighted assets, and of Tier 1 capital to average assets. Management believes that, as of December 31, 2019 and 2018, the Company and the Bank meet all capital adequacy requirements to which they are subject.

As of December 31, 2019 and 2018, the most recent notifications from the FDIC categorized the Bank as well capitalized under the regulatory framework for prompt corrective action. To be categorized as well capitalized, the minimum total risk-based, Tier 1 risk-based, CET1 risk-based, and Tier 1 leverage (tangible Tier 1 capital divided by average total assets) ratios as set forth in the table below must be maintained. There are no conditions or events since said notification that management believes have changed the Bank’s category.

As of December 31, 2019 and 2018, the Company had $25.0

million of trust-preferred securities, which were included in Tier 1 capital for regulatory purposes, respectively. The following table summarizes regulatory capital amounts and ratios for the Company and the Bank as of December 31, 2019 and 2018.


	Actual					For Capital Adequacy Purposes						To Be Well Capitalized under Prompt Corrective Action Provisions
	Amount		Ratio			Amount			Ratio			Amount			Ratio
	(Dollars in thousands)

As of December 31, 2019:
Total Capital (to Risk-Weighted Assets)
Company	$	1,391,771		16.01	%	$	695,651	≥		8.00	%					N/A
Bank	$	1,376,364		15.83	%	$	695,471	≥		8.00	%	$	869,339	≥		10.00	%
Tier 1 Capital (to Risk-Weighted Assets)
Company	$	1,314,152		15.11	%	$	521,738	≥		6.00	%					N/A
Bank	$	1,298,745		14.94	%	$	521,604	≥		6.00	%	$	695,471	≥		8.00	%
Common equity Tier 1 capital ratio
Company	$	1,289,152		14.83	%	$	391,304	≥		4.50	%					N/A
Bank	$	1,298,745		14.94	%	$	391,203	≥		4.50	%	$	565,070	≥		6.50	%
Tier 1 Capital (to Average-Assets)
Company	$	1,314,152		12.33	%	$	426,497	≥		4.00	%					N/A
Bank	$	1,298,745		12.19	%	$	426,328	≥		4.00	%	$	532,909	≥		5.00	%
As of December 31, 2018:
Total Capital (to Risk-Weighted Assets)
Company	$	1,263,800		14.13	%	$	715,283	≥		8.00	%					N/A
Bank	$	1,253,219		14.03	%	$	714,601	≥		8.00	%	$	893,251	≥		10.00	%
Tier 1 Capital (to Risk-Weighted Assets)
Company	$	1,191,228		13.32	%	$	536,462	≥		6.00	%					N/A
Bank	$	1,180,647		13.22	%	$	535,951	≥		6.00	%	$	714,601	≥		8.00	%
Common equity Tier 1 capital ratio
Company	$	1,166,228		13.04	%	$	402,347	≥		4.50	%					N/A
Bank	$	1,180,647		13.22	%	$	401,963	≥		4.50	%	$	580,613	≥		6.50	%
Tier 1 Capital (to Average-Assets)
Company	$	1,191,228		10.98	%	$	433,834	≥		4.00	%					N/A
Bank	$	1,180,647		10.90	%	$	433,403	≥		4.00	%	$	541,754	≥		5.00	%

In addition, the California Financial Code limits the amount of dividends a bank can pay without obtaining prior approval from bank regulators. Under this law, the Bank could, as of December 31, 2019, declare and pay additional dividends of approximately $236.0 million.

Quarterly Financial Information Disclosure [Abstract]

The entire disclosure for regulatory capital requirement for depository and lending institutions. Institutions include, but not are not limited to, finance company, insured depository institution, bank holding company, savings and loan association holding company, bank and savings institution not federally insured, mortgage company, foreign financial institution and credit union.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 505
-Section 50
-Paragraph 1C
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Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 505
-Section 50
-Paragraph 1D
-URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958573-112826

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 505
-Section 50
-Paragraph 1B
-URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958570-112826

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
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-Section 50
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958569-112826

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
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-Topic 942
-SubTopic 505
-Section 50
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-URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958577-112826

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 505
-Section 50
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-URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958575-112826

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 505
-Section 50
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-URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958574-112826

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
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Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
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+ Details

Quarterly Financial Data

12 Months Ended

Dec. 31, 2019

Quarterly Financial Data

26.	QUARTERLY FINANCIAL DATA (UNAUDITED)

The following table sets forth our unaudited, quarterly results for the periods indicated.


	Three Months Ended
	December 31,		September 30,		June 30,			March 31,
	(Dollars in thousands, except per share amounts)
2019
Net interest income	$	107,020	$	108,159	$	111,057		$	109,536
Provision for loan losses		-		1,500		2,000			1,500
Net earnings		51,281		50,423		54,481			51,642
Basic earnings per common share		0.37		0.36		0.39			0.37
Diluted earnings per common share		0.37		0.36		0.39			0.37
2018
Net interest income	$	113,016	$	92,820	$	72,688		$	70,521
Provision for (recapture of) loan losses		3,000		500		(1,000	)		(1,000	)
Net earnings		43,159		38,558		35,373			34,913
Basic earnings per common share		0.31		0.30		0.32			0.32
Diluted earnings per common share		0.31		0.30		0.32			0.32

Other Assets

12 Months Ended

Dec. 31, 2019

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Other Assets

10.	OTHER ASSETS

Other assets were comprised of the following

as of

the d

ate

s presented.


	December 31,
	2019		2018
	(Dollars in thousands)
Prepaid expenses	$	6,571	$	6,393
Interest rate swaps		11,502		1,938
ROU assets		18,522		-
Affordable housing investments		12,452		15,995
Other investments		45,540		33,031
Other assets		15,550		10,450

Total	$	110,137	$	67,807

Fair Value Information

12 Months Ended

Dec. 31, 2019

Fair Value Disclosures [Abstract]

Fair Value Information

19.	FAIR VALUE INFORMATION

Fair Value Hierarchy

•

Level 1 —

Quoted prices in active markets for identical assets or liabilities in active markets that are accessible at the measurement date.

•

Level 2

— Observable

inputs

•

Level 3

There were no transfers in and out of Level 1 and Level 2 during the years ended December 31, 2019 and 2018.

Assets and Liabilities Measured at Fair Value on a Recurring Basis

The tables below present the balances of assets and liabilities measured at fair value on a recurring basis for the

dates

presented.


	Carrying Value at December 31, 2019		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
	(Dollars in thousands)
Description of assets
Investment securities - AFS:
M ortgage-backed securities	$	1,206,313	$	-	$	1,206,313	$	-
CMO/REMIC		493,710		-		493,710		-
Municipal bonds		39,354		-		39,354		-
Other securities		880		-		880		-

Total investment securities - AFS		1,740,257		-		1,740,257		-
Interest rate swaps		11,502		-		11,502		-

Total assets	$	1,751,759	$	-	$	1,751,759	$	-

Description of liability
Interest rate swaps	$	11,502	$	-	$	11,502	$	-

Total liabilities	$	11,502	$	-	$	11,502	$	-

	Carrying Value at December 31, 2018		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
	(Dollars in thousands)
Description of assets
Investment securities - AFS:
M ortgage-backed securities	$	1,474,508	$	-	$	1,474,508	$	-
CMO/REMIC		214,051		-		214,051		-
Municipal bonds		44,810		-		44,810		-
Other securities		716		-		716		-
Total investment securities - AFS		1,734,085		-		1,734,085		-
Interest rate swaps		1,938		-		1,938		-
Total assets	$	1,736,023	$	-	$	1,736,023	$	-
Description of liability
Interest rate swaps	$	1,938	$	-	$	1,938	$	-
Total liabilities	$	1,938	$	-	$	1,938	$	-

Assets and Liabilities Measured at Fair Value on a

Non-Recurring

Basis

We may be required to measure certain assets at fair value on a

non-recurring

basis in accordance with GAAP. These adjustments to fair value usually result from application of lower of cost or fair value accounting or write-downs of individual assets.

For assets measured at fair value on a

non-recurring

basis that were held on the balance sheet at December 31, 2019 and 2018, respectively,

the following tables provide the level of valuation assumptions used to determine each adjustment and the carrying value of the related assets that had losses during the period.


	Carrying Value at December 31, 2019		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total Losses For the Year Ended December 31, 2019
	(Dollars in thousands)
Description of assets
Impaired loans :
Commercial and industrial	$	253	$	-	$	-	$	253	$	251
SBA		359		-		-		359		513
Real estate:
Commercial real estate		-		-		-		-		-
Construction		-		-		-		-		-
SFR mortgage		-		-		-		-		-
Dairy & livestock and agribusiness		-		-		-		-		-
Consumer and other loans		-		-		-		-		-
Other real estate owned		444		-		-		444		64
Asset held-for-sale		-		-		-		-		-

Total assets	$	1,056	$	-	$	-	$	1,056	$	828


	Carrying Value at December 31, 2018		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total Losses For the Year Ended December 31, 2018
	(Dollars in thousands)
Description of assets
Impaired loans, excluding PCI loans:
Commercial and industrial	$	189	$	-	$	-	$	189	$	3
SBA		-		-		-		-		-
Real estate:
Commercial real estate		3,143		-		-		3,143		478
Construction		-		-		-		-		-
SFR mortgage		-		-		-		-		-
Dairy & livestock and agribusiness		78		-		-		78		12
Consumer and other loans		68		-		-		68		68
Other real estate owned		-		-		-		-		-
Asset held-for-sale		-		-		-		-		-

Total assets	$	3,478	$	-	$	-	$	3,478	$	561

Fair Value of Financial Instruments


	December 31, 2019
			Estimated Fair Value
	Carrying Amount		Level 1		Level 2		Level 3		Total
	(Dollars in thousands)
Assets
Total cash and cash equivalents	$	185,518	$	185,518	$	-	$	-	$	185,518
Interest-earning balances due from depository institutions		2,931		-		2,938		-		2,938
Investment securities available-for-sale		1,740,257		-		1,740,257		-		1,740,257
Investment securities held-to-maturity		674,452		-		678,948		-		678,948
Total loans, net of allowance for loan losses		7,495,917		-		-		7,343,167		7,343,167
Swaps		11,502		-		11,502		-		11,502
Liabilities
Deposits:
Interest-bearing	$	3,459,411	$	-	$	3,457,922	$	-	$	3,457,922
Borrowings		428,659		-		428,330		-		428,330
Junior subordinated debentures		25,774		-		-		20,669		20,669
Swaps		11,502		-		11,502		-		11,502

	December 31, 2018
			Estimated Fair Value
	Carrying Amount		Level 1		Level 2		Level 3		Total
	(Dollars in thousands)
Assets
Total cash and cash equivalents	$	163,948	$	163,948	$	-	$	-	$	163,948
Interest-earning balances due from depository institutions		7,670		-		7,339		-		7,339
Investment securities available-for-sale		1,734,085		-		1,734,085		-		1,734,085
Investment securities held-to-maturity		744,440		-		721,537		-		721,537
Total loans, net of allowance for loan losses		7,700,998		-		-		7,514,964		7,514,964
Swaps		1,938		-		1,938		-		1,938
Liabilities
Deposits:
Interest-bearing	$	3,622,703	$	-	$	3,614,682	$	-	$	3,614,682
Borrowings		722,255		-		721,601		-		721,601
Junior subordinated debentures		25,774		-		-		21,176		21,176
Swaps		1,938		-		1,938		-		1,938

The fair value estimates presented herein are based on pertinent information available to management as of December 31, 2019 and 2018. Although management is not aware of any factors that would significantly affect the estimated fair value amounts, such amounts have not been comprehensively revalued for purposes of these financial statements since that date, and therefore, current estimates of fair value may differ significantly from the amounts presented above.

Property, Plant and Equipment [Abstract]

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Premises and Equipment

12 Months Ended

Dec. 31, 2019

Premises and Equipment

9.	PREMISES AND EQUIPMENT

Premises and equipment were comprised of the following as of the dates presented.


	Year Ended December 31,
	2019			2018
	(Dollars in thousands)
Land	$	19,188		$	19,929
Bank premises		68,387			73,188
Furniture and equipment		27,540			29,020

Premises and equipment, gross		115,115			122,137
Accumulated depreciation and amortization		(61,137	)		(63,944	)

Premises and equipment, net	$	53,978		$	58,193

For the first six months of 2019, a total of 10 banking centers were consolidated, including nine former CB centers. In 2019, the Bank recognized $4.8 million in net gain on the sale of our bank owned buildings.

Total depreciation and amortization expense was approximately $6.8 million, $6.5 million and $4.9 million for the years ended December 31, 2019, 2018 and 2017, respectively.

Employee Benefit Plans

12 Months Ended

Dec. 31, 2019

Postemployment Benefits [Abstract]

Employee Benefit Plans

15.	EMPLOYEE BENEFIT PLANS

Deferred Compensation Plans

As of December 31, 2019, the Company has various deferred compensation plans, and severance arrangements it assumed through the acquisition of other banks in prior years. These plans require the Company to make periodic payments to former employees upon retirement, upon a change in control, and in certain instances, to beneficiaries of former employees upon death. Payments made by the Company under these

plans and

agreements totaled approximately $1.0 million, $1.4 million, and $1.6 million for each of the years ended December 31, 2019, 2018 and 2017, respectively. The total expense recorded by the Company for these deferred compensation agreements was approximately $1.6 million, $1.1 million, and $1.2 million for each of the years ended December 31, 2019, 2018 and 2017, respectively.

On December 22, 2006, the Company approved a deferred compensation plan for its President and Chief Executive Officer, Christopher D. Myers. Under the plan, which became effective on January 1, 2007, Mr. Myers may defer up to 75% of his base salary and up to 100% of his bonus for each calendar year in which the Plan is effective. The Company has the discretion to make additional contributions to the Plan for the benefit of Mr. Myers. No discretionary payments were made by the Company during the years ended December 31, 2019, 2018 and 2017.

On March 31, 2007, the Company approved the Executive

Non-qualified

Excess Plan, a deferred compensation plan for certain management employees to provide a means by which they may elect to defer receipt of compensation in order to provide retirement benefits. The plan is intended to be unfunded and primarily serve the purpose of providing deferred compensation benefits for a select group of employees. The Bank, however, does fund the cost of these plans through the purchase of life insurance policies, which are recorded in other assets of the consolidated balance sheets. At December 31, 2019 and 2018, the amount of deferred compensation liability was $2.9 million and $2.4 million, respectively.

401(k) and Profit Sharing Plan

The Bank sponsors a 401(k) and profit-sharing plan for the benefit of its employees. Employees are eligible to participate in the plan immediately upon hire. Employees may make contributions to the plan under the plan’s 401(k) component. The Bank contributes 3%,

non-matching,

to the plan to comply with ERISA’s safe harbor provisions. The Bank may make additional contributions under the plan’s profit-sharing component, subject to certain limitations. The Bank’s total contributions are determined by the Board of Directors and amounted to approximately $4.1 million for 2019, $3.5 million for 2018, and $3.2 million for 2017.

Consolidated Statements of Earnings and Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Interest income:
Loans and leases, including fees	$ 397,628	$ 293,284	$ 214,126
Investment securities:
Investment securities available-for-sale	39,330	45,988	49,778
Investment securities held-to-maturity	17,388	18,901	21,015
Total investment income	56,718	64,889	70,793
Dividends from FHLB stock	1,235	2,045	1,375
Interest-earning deposits with other institutions and federal funds sold	2,269	1,642	932
Total interest income	457,850	361,860	287,226
Interest expense:
Deposits	17,120	9,825	6,044
Borrowings and customer repurchase agreements	3,959	2,067	1,579
Junior subordinated debentures	999	923	673
Total interest expense	22,078	12,815	8,296
Net interest income before provision for (recapture of) loan losses	435,772	349,045	278,930
Provision for (recapture of) loan losses	5,000	1,500	(8,500)
Net interest income after provision for (recapture of) loan losses	430,772	347,545	287,430
Noninterest income:
BOLI income	5,798	4,018	3,420
Gain on OREO, net	129	3,546	6
Gain on sale of building, net	4,776	0	542
Gain on eminent domain condemnation, net	5,685	0	2,894
Other	9,956	6,588	6,196
Total noninterest income	59,042	43,481	42,118
Noninterest expense:
Salaries and employee benefits	119,475	100,601	87,065
Occupancy and equipment	21,289	20,841	16,756
Professional services	7,752	6,477	5,940
Software licenses and maintenance	9,826	8,655	6,385
Marketing and promotion	5,890	5,302	4,839
Recapture of provision for unfunded loan commitments	0	(250)	(400)
Amortization of intangible assets	10,798	5,254	1,329
Acquisition related expenses	6,447	16,404	2,251
Other	17,263	16,627	16,588
Total noninterest expense	198,740	179,911	140,753
Earnings before income taxes	291,074	211,115	188,795
Income taxes	83,247	59,112	84,384
Net earnings	207,827	152,003	104,411
Other comprehensive income (loss):
Unrealized gain (loss) on securities arising during the period, before tax	43,872	(28,526)	(14,629)
Less: Reclassification adjustment for net gain on securities included in net income	(5)	0	(402)
Other comprehensive income (loss), before tax	43,867	(28,526)	(15,031)
Less: Income tax (expense) benefit related to items of other comprehensive income	(12,969)	8,434	6,312
Other comprehensive income (loss), net of tax	30,898	(20,092)	(8,719)
Comprehensive income	$ 238,725	$ 131,911	$ 95,692
Basic earnings per common share	$ 1.48	$ 1.25	$ 0.95
Diluted earnings per common share	$ 1.48	$ 1.24	$ 0.95
Service Charges on Deposit Accounts [Member]
Noninterest income:
Revenue from contract with customer, including assessed tax	$ 20,010	$ 17,070	$ 15,809
Trust and Investment Services [Member]
Noninterest income:
Revenue from contract with customer, including assessed tax	9,525	8,774	9,845
Bankcard Services [Member]
Noninterest income:
Revenue from contract with customer, including assessed tax	$ 3,163	$ 3,485	$ 3,406

Summary of Significant Accounting Policies - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2019 USD ($) Segment	Dec. 31, 2018
Summary Of Significant Accounting Policies [Line Items]
Number of operating business segments \| Segment	2
Number of days on which collection of interest on principal is no longer probable	90 days
Period over which borrower has to demonstrate repayment performance in compliance with restructured terms to take loan out of nonaccrual status	6 months
Number of days on which charge-offs unsecured consumer loans are recorded	120 days
Minimum loan amount for credit review process	$ 1,000,000.0
Allowance for loan losses look-back period, revised	Rolling 20-quarters
Goodwill impairment	$ 0
Assets under administration, CitizensTrust	2,860,000,000
Assets under management, CitizensTrust	$ 2,010,000,000.00
Percentage of PCI loans to Loan Receivable	0.20%	0.20%
Accounting Standards Update 2016-02 [Member]
Summary Of Significant Accounting Policies [Line Items]
Operating Lease, Liability, Current	$ 20,000,000
Minimum [Member]
Summary Of Significant Accounting Policies [Line Items]
Number of days over which principal or interest payments are past due to consider loans, excluding PCI loans	30 days
Number of days for which principal or interest payments on loans, excluding PCI loans remain accrual	30 days
Maximum [Member]
Summary Of Significant Accounting Policies [Line Items]
Number of days for which principal or interest payments on loans, excluding PCI loans remain accrual	89 days

Leases - Components of lease costs and supplemental information related to leases (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2019 USD ($)
Lease Assets and Liabilities
ROU assets	$ 18,522
Total lease liabilities	21,392
Lease Cost
Operating lease expense	7,274
Sublease income	0
Total lease expense	7,274
Other Information
Operating cash outflows from operating leases, net	$ 8,497
Lease Term and Discount Rate
Weighted average remaining lease term (years)	4 years 2 months 4 days
Weighted average discount rate	3.34%

Loans and Lease Finance Receivables and Allowance for Loan Losses - Schedule of Recorded Investment in, and Aging of, Past Due and Nonaccrual Loans, Including PCI Loans by Class of Loans (Parenthetical) (Detail) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccruing loans, current	$ 1,200,000	$ 2,300,000
Small Business Administration Loans [Member] \| Financial Guarantee [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	2,000,000.0
Community Bank [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	3,500,000	12,300,000
30-59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual	59,000	33,000
60-89 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual	1,100,000	57,000
90+ Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual	$ 2,900,000	$ 17,600,000

Deposits

12 Months Ended

Dec. 31, 2019

Other Comprehensive Income

Deposits

12.

DEPOSITS

The composition of deposits is summarized for the periods presented in the table below.


	December 31,
	2019					2018
	Amount		Percent			Amount		Percent
	(Dollars in thousands)
Noninterest-bearing deposits	$	5,245,517		60.26	%	$	5,204,787		58.96	%
Interest-bearing deposits
Investment checking		454,565		5.22	%		460,972		5.22	%
Money market		2,158,161		24.79	%		2,236,018		25.33	%
Savings		400,377		4.60	%		393,769		4.46	%
Time deposits		446,308		5.13	%		531,944		6.03	%

Total deposits	$	8,704,928		100.00	%	$	8,827,490		100.00	%

Time deposits with balances of $250,000 or more amounted to approximately $107.9 million and $125.4 million at December 31, 2019 and 2018, respectively. Interest expense on such deposits amounted to approximately $926,000, $1.1 million and $545,000, for the years ended December 31, 2019, 2018 and 2017, respectively.

At December 31, 2019, the scheduled maturities of time certificates of deposit are as follows.


	December 31, 2019
Year of maturity:	(Dollars in thousands)
2020	$	367,102
2021		58,488
2022		9,487
2023		1,616
2024 and thereafter		9,615

Total	$	446,308

Business Combinations - Additional Information (Detail) $ in Thousands			12 Months Ended
	Aug. 10, 2018 USD ($)	Mar. 10, 2017 USD ($) Branch	Dec. 31, 2019 USD ($) Branch	Dec. 31, 2018 USD ($)	Dec. 31, 2017 USD ($)	Jun. 30, 2019 Branch Banking
Business Acquisition [Line Items]
Number of branches owned by merger company \| Banking						10
Goodwill			$ 663,707	$ 666,539	$ 116,564
Merger related expenses			$ 6,447	$ 16,404	2,251
Valley Commerce Bancorp [Member]
Business Acquisition [Line Items]
Acquisition date				Mar. 10, 2017
Acquired assets and assumed liabilities for cash		$ 23,200
Assets and assumed all of the liabilities, stock		37,600
Goodwill		27,000
Core deposit intangible assets		3,200
Total fair value of assets acquired		405,900
Cash and cash equivalents		28,300
FHLB stock		2,000
Loans and lease finance receivables		309,700
Fixed assets		5,300
Bank-Owned Life Insurance		9,400
Other assets		21,000
Total fair value of liabilities assumed		368,300
Deposits		361,800
Other liabilities		$ 6,500
Merger related expenses					$ 2,100
Valley Business Bank [Member]
Business Acquisition [Line Items]
Number of branches owned by merger company \| Branch		4
Community Bank [Member]
Business Acquisition [Line Items]
Acquisition date			Aug. 10, 2018
Number of branches owned by merger company \| Branch			16			10
Acquired assets and assumed liabilities for cash	$ 180,719
Assets and assumed all of the liabilities, stock	722,767
Goodwill	547,144
Core deposit intangible assets	$ 52,200
Percentage of core deposits to total deposits	2.26%
Total fair value of assets acquired	$ 3,719,091
Cash and cash equivalents	47,802
FHLB stock	17,250
Loans and lease finance receivables	2,738,100
Bank-Owned Life Insurance	70,904
Other assets	53,291
Total fair value of liabilities assumed	356,342
Deposits	2,869,986
Other liabilities	29,192
Merger related expenses			$ 6,400	$ 16,400
Gross contractual amount receivable, as of acquisition date	3,000,000
Contractual principal cash flows, loans not expected to be collected	$ 4,500

Other Comprehensive Income

12 Months Ended

Dec. 31, 2019

Equity [Abstract]

21.	OTHER COMPREHENSIVE INCOME (LOSS)

The tables below provide a summary of the components of OCI for the periods presented.


	Year Ended December 31,
	2019									2018								2017
	Before-tax			Tax effect			After-tax			Before-tax			Tax effect		After-tax			Before-tax			Tax effect		After-tax
	(Dollars in thousands)
Investment securities:
Net change in fair value recorded in accumulated OCI	$	45,486		$	(13,447	)	$	32,039		$	(26,435	)	$	7,815	$	(18,620	)	$	(11,336	)	$	4,760	$	(6,576	)
Amortization of unrealized (gains) losses on securities transferred from available-for-sale to held-to-maturity		(1,614	)		477			(1,137	)		(2,091	)		619		(1,472	)		(3,293	)		1,383		(1,910	)
Net realized gain reclassified into earnings (1)		(5	)		1			(4	)		-			-		-			(402	)		169		(233	)

Net change	$	43,867		$	(12,969	)	$	30,898		$	(28,526	)	$	8,434	$	(20,092	)	$	(15,031	)	$	6,312	$	(8,719	)

(1)

Included in other noninterest income.

Basis of Presentation

12 Months Ended

Dec. 31, 2019

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Basis of Presentation

2.	BASIS OF PRESENTATION

The accompanying consolidated financial statements and notes thereto have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission (“SEC”) for Form

10-K

and conform to practices within the banking industry and include all of the information and disclosures required by accounting principles generally accepted in the United States of America (“GAAP”) for financial reporting.

Reclassification

— Certain amounts in the prior periods’ financial statements and related footnote disclosures have been reclassified to conform to the current presentation with no impact on previously reported net income or stockholders’ equity.

Business Combinations

12 Months Ended

Dec. 31, 2019

Business Combinations [Abstract]

Business Combinations

4.	BUSINESS COMBINATIONS

Community Bank Acquisition

On August 10, 2018, the Company completed the acquisition of CB, headquartered in Pasadena, California. The Company acquired all of the assets and assumed all of the liabilities of CB for $180.7 million in cash and

$722.8

million in stock. As a result, CB was merged with the Bank, the principal subsidiary of CVB. The primary reason for the acquisition was to further strengthen the Company’s presence in Southern California. At close, CB had

banking centers located throughout the greater Los Angeles and Orange County areas. The systems integration of CB and CBB was completed in November 2018. The consolidation of banking centers was completed during the second quarter of 2019, in which four additional banking centers that were in close proximity were consolidated. For the first six months of 2019, a total of 10 banking centers were consolidated, including nine former CB centers.

The assets acquired and liabilities assumed have been accounted for under the acquisition method of accounting. The assets and liabilities, both tangible and intangible, were recorded at their estimated fair values as of the August 10, 2018 acquisition date. The purchase price allocation was finalized in the second quarter of 2019. The change in goodwill resulted from finalizing the fair value of impaired loans. The application of the acquisition method of accounting resulted in the recognition of goodwill

of $

547.1

million and a core deposit intangible (“CDI”) of $

52.2

million, or

2.26

% of core deposits. Goodwill represents the excess purchase price over the fair value of the net assets acquired. Goodwill is not deductible for income tax purposes.

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		2,738,100
Accrued interest receivable		7,916
Premises and equipment		14,632
BOLI		70,904
Core deposit intangible		52,200
Other assets		53,291

Total assets acquired				3,719,091
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				356,342

Goodwill			$	547,144

At the date of acquisition, the gross contractual

loan

amounts receivable, inclusive of all principal and interest, was approximately $3 billion. The Company’s best estimate of the contractual principal cash flows for loans not expected to be collected at the date of acquisition was approximately $4.5 million.

We have included the financial results of the business combination in the consolidated statement of earnings and comprehensive income beginning on the acquisition date.

For the year ended December 31, 2019, the Company incurred merger related expenses associated with the CB acquisition of $6.4 million, compared to $16.4 million for the year ended December 31, 2018.

For illustrative purposes only, the following table presents certain unaudited pro forma information for the years ended December 31, 201

and 201

. This unaudited estimated pro forma financial information was calculated as if CB had been acquired as of the beginning of the year prior to the date of acquisition. This unaudited pro forma information combines the historical results of CB with the Company’s consolidated historical results and includes certain adjustments reflecting the estimated impact of certain fair value adjustments for the respective periods. The pro forma information is not indicative of what would have occurred had the acquisition occurred as of the beginning of the year prior to the acquisition. The unaudited pro forma information does not consider any changes to the provision for credit losses resulting from recording loan assets at fair value, cost savings, or business synergies. As a result, actual amounts would have differed from the unaudited pro forma information presented.


	Unaudited Pro Forma Year Ended December 31,
	2018		2017
	(Dollars in thousands, except per share amounts)
Total revenues (net interest income plus noninterest income)	$	488,620	$	477,235
Net income	$	181,433	$	139,129
Earnings per share - basic	$	1.30	$	1.00
Earnings per share - diluted	$	1.29	$	0.99

Valley Commerce Bancorp Acquisition

On March 10, 2017, the Company completed the acquisition of VCBP, the holding company for VBB, headquartered in the Central Valley area of California. The Company acquired all of the assets and assumed all of the liabilities of VCBP for $23.2 million in cash and $37.6 million in stock. As a result, VBB was merged with the Bank, the principal subsidiary of CVB. The Company believes this transaction serves to further strengthen its presence in the Central Valley area of California. At close, VBB had four branches located in Visalia, Tulare, Fresno, and Woodlake. The systems integration of VCBP and CBB was completed in May 2017. Three of these center locations were consolidated with nearby CBB locations in the third quarter of 2017 and the Company sold the Woodlake branch in the fourth quarter of 2017.

Goodwill of $27.0 million from the acquisition represents the excess of the purchase price over the fair value of the net tangible and intangible assets acquired.

The total fair value of assets acquired approximated $405.9 million, which included $28.3 million in cash and cash equivalents net of cash paid, $2.0 million in FHLB stock, $309.7 million in loans and lease finance receivables, $5.3 million in fixed assets, $9.4 million in Bank Owned Life Insurance (“BOLI”), $3.2 million in core deposit intangible assets acquired and $21.0 million in other assets. The total fair value of liabilities assumed was $368.3 million, which included $361.8 million in deposits, and $6.5 million in other liabilities. The assets and liabilities, both tangible and intangible, were recorded at their estimated fair values as of March 10, 2017. The assets acquired and liabilities assumed have been accounted for under the acquisition method accounting. The purchase price allocation was finalized in the third quarter of 2017.

We have included the financial results of the business combination in the condensed consolidated statement of earnings and comprehensive income beginning on the acquisition date.

For the year ended December 31, 2018, the Company did not incur any merger related expenses associated with the VCBP acquisition, compared to $2.1 million for the year ended December 31, 2017.

Summary of Significant Accounting Policies - Summary of Useful Lives of Principal Classes of Assets (Detail)	12 Months Ended
	Dec. 31, 2019
Property, Plant and Equipment [Line Items]
Estimated economic lives of leasehold improvements	Shorter of estimated economic lives of 15 years or term of the lease.
Minimum [Member] \| Bank Premises [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life of asset	15 years
Minimum [Member] \| Computer Equipment [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life of asset	3 years
Minimum [Member] \| Furniture, Fixtures and Equipment [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life of asset	5 years
Maximum [Member] \| Bank Premises [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life of asset	39 years
Maximum [Member] \| Computer Equipment [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life of asset	7 years
Maximum [Member] \| Furniture, Fixtures and Equipment [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life of asset	10 years

Deposits - Composition of Deposits (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Noninterest-bearing Deposit Liabilities [Abstract]
Noninterest-bearing deposits	$ 5,245,517	$ 5,204,787
Interest-bearing deposits:
Investment checking	454,565	460,972
Money market	2,158,161	2,236,018
Savings	400,377	393,769
Time deposits	446,308	531,944
Total deposits	$ 8,704,928	$ 8,827,490
Noninterest-bearing deposits, percentage of total deposits	60.26%	58.96%
Investment checking, percentage of total deposits	5.22%	5.22%
Money market, percentage of total deposits	24.79%	25.33%
Savings, percentage of total deposits	4.60%	4.46%
Time deposits, percentage of total deposits	5.13%	6.03%
Percentage of deposit, total	100.00%	100.00%

Earnings Per Share Reconciliation (Tables)

12 Months Ended

Dec. 31, 2019

Earnings Per Share [Abstract]

Schedule of Earnings Per Common Share Reconciliation

The table below shows earnings per common share and diluted earnings per common share, and reconciles the numerator and denominator of both earnings per common share calculations.


	Year Ended December 31,
	2019		2018		2017
	(In thousands, except per share amounts)
Earnings per common share:
Net earnings	$	207,827	$	152,003	$	104,411
Less: Net earnings allocated to restricted stock		488		429		382

Net earnings allocated to common shareholders	$	207,339	$	151,574	$	104,029


Weighted average shares outstanding		139,757		121,670		109,409

Basic earnings per common share	$	1.48	$	1.25	$	0.95


Diluted earnings per common share:
Net income allocated to common shareholders	$	207,339	$	151,574	$	104,029


Weighted average shares outstanding		139,757		121,670		109,409
Incremental shares from assumed exercise of outstanding options		177		287		398

Diluted weighted average shares outstanding		139,934		121,957		109,807
Diluted earnings per common share	$	1.48	$	1.24	$	0.95

Balance Sheet Offsetting

12 Months Ended

Dec. 31, 2019

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Balance Sheet Offsetting

22.	BALANCE SHEET OFFSETTING

Assets and liabilities relating to certain financial instruments, including, derivatives and securities sold under repurchase agreements (“repurchase agreements”), may be eligible for offset in the consolidated balance sheets as permitted under accounting guidance. As noted above, our interest rate swap derivatives are subject to master netting arrangements. Our interest rate swap derivatives require the Company to pledge investment securities as collateral based on certain risk thresholds. Investment securities that have been pledged by the Company to counterparties continue to be reported in the Company’s consolidated balance sheets unless the Company defaults. We offer a repurchase agreement product to our customers, which include master netting agreements that allow for the netting of collateral positions. This product, known as Citizens Sweep Manager, sells certain of our securities overnight to our customers under an agreement to repurchase them the next day. The repurchase agreements are not offset in the Company’s consolidated balances.


	Gross Amounts Recognized in the Consolidated Balance Sheets		Gross Amounts Offset in the Consolidated Balance Sheets			Net Amounts Presented in the Consolidated Balance Sheets		Gross Amounts Not Offset in the Consolidated Balance Sheets					Net Amount
	Gross Amounts Recognized in the Consolidated Balance Sheets		Gross Amounts Offset in the Consolidated Balance Sheets			Net Amounts Presented in the Consolidated Balance Sheets		Financial Instruments		Collateral Pledged			Net Amount
	(Dollars in thousands)
December 31, 2019

Financial assets:
Derivatives not designated as hedging instruments	$	11,502	$	-		$	-	$	11,502	$	-		$	11,502

Total	$	11,502	$	-		$	-	$	11,502	$	-		$	11,502


Financial liabilities:
Derivatives not designated as hedging instruments	$	11,619	$	(117	)	$	11,502	$	117	$	(23,312	)	$	(11,693	)
Repurchase agreements		428,659		-			428,659		-		(510,138	)		(81,479	)

Total	$	440,278	$	(117	)	$	440,161	$	117	$	(533,450	)	$	(93,172	)

December 31, 2018

Financial assets:
Derivatives not designated as hedging instruments	$	1,938	$	-		$	-	$	1,938	$	-		$	1,938

Total	$	1,938	$	-		$	-	$	1,938	$	-		$	1,938


Financial liabilities:
Derivatives not designated as hedging instruments	$	4,203	$	(2,265	)	$	1,938	$	2,265	$	-		$	4,203
Repurchase agreements		442,255		-			442,255		-		(487,607	)		(45,352	)

Total	$	446,458	$	(2,265	)	$	444,193	$	2,265	$	(487,607	)	$	(41,149	)

Fair Value Information - Additional Information (Detail) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Fair Value, Concentration of Risk, Financial Statement Captions [Line Items]
Fair value assets transfers from Level 1 to Level 2	$ 0	$ 0
Fair value assets transfers from Level 2 to Level 1	0	0
Fair value liabilities transfers from Level 1 to Level 2	0	0
Fair value liabilities transfers from Level 2 to Level 1	$ 0	$ 0

Business - Additional Information (Detail) $ in Millions	Mar. 10, 2017 USD ($) Branch	Dec. 31, 2019 Subsidiary Location loan	Aug. 10, 2018 USD ($)
Schedule Of Description Of Company [Line Items]
Number of inactive subsidiaries \| Subsidiary		1
Bank operated banking centers \| Location		58
Bank operated trust office locations, number \| Location		3
Number of loan production office \| loan		1
Valley Commerce Bancorp [Member]
Schedule Of Description Of Company [Line Items]
Total assets \| $	$ 400
Number of bank branches acquired \| Branch	4
Community Bank [Member]
Schedule Of Description Of Company [Line Items]
Bank operated banking centers			16
Total assets \| $			$ 4,090

Derivative Financial Instruments

12 Months Ended

Dec. 31, 2019

Derivative Financial Instruments

20.	DERIVATIVE FINANCIAL INSTRUMENTS

The Bank is exposed to certain risks relating to its ongoing business operations and utilizes interest rate swap agreements (“swaps”) as part of its asset/liability management strategy to help manage its interest rate risk position. As of December 31, 2019, the Bank has entered into 90 interest-rate swap agreements with customers. The Bank then entered into identical offsetting swaps with a counterparty. The swap agreements are not designated as hedging instruments. The purpose of entering into offsetting derivatives not designated as a hedging instrument is to provide the Bank a variable-rate loan receivable and to provide the customer the financial effects of a fixed-rate loan without creating significant volatility in the Bank’s earnings.

The structure of the swaps is as follows. The Bank enters into an interest rate swap with its customers in which the Bank pays the customer a variable rate and the customer pays the Bank a fixed rate, therefore allowing customers to convert variable rate loans to fixed rate loans. At the same time, the Bank enters into a swap with the counterparty bank in which the Bank pays the counterparty a fixed rate and the counterparty in return pays the Bank a variable rate. The net effect of the transaction allows the Bank to receive interest on the loan from the customer at a variable rate based on LIBOR plus a spread. The changes in the fair value of the swaps primarily offset each other and therefore should not have a significant impact on the Company’s results of operations, although the Company does incur credit and counterparty risk with respect to performance on the swap agreements by the Bank’s customer and counterparty, respectively.

As a result of the Bank exceeding $10 billion in assets, federal regulations require the Bank, beginning in January 2019, to clear most interest rate swaps through a clearing house (“centrally cleared”). These instruments contain language outlining collateral pledging requirements for each counterparty, in which collateral must be posted if market value exceeds certain agreed upon threshold limits. Cash or securities are pledged as collateral.

Our interest rate swap derivatives are subject to a master netting arrangement with our counterparties. None

of our derivative assets and liabilities are offset in the Company’s consolidated balance sheet.

We believe our risk of loss associated with our counterparty borrowers related to interest rate swaps is mitigated as the loans with swaps are underwritten to take into account potential additional exposure, although there can be no assurances in this regard since the performance of our swaps is subject to market and counterparty risk.

Balance Sheet Classification of Derivative Financial Instruments

December 31, 2019

Asset Derivatives

Liability Derivatives

Balance Sheet
Location

Fair
Value

Balance Sheet
Location

Fair
Value

(Dollars in thousands)

Derivatives not designated as hedging instruments:

Interest rate swaps

Other assets

11,502

Other liabilities

11,502

Total derivatives

11,502

December 31, 2018

Asset Derivatives

Liability Derivatives

Balance Sheet
Location

Fair Value

Balance Sheet
Location

Fair Value

(Dollars in thousands)

Derivatives not designated as hedging instruments:

Interest rate swaps

Other assets

1,938

Other liabilities

1,938

Total derivatives

1,938

The Effect of Derivative Financial Instruments on the Consolidated Statements of Earnings

The following table summarizes the effect of derivative financial instruments on the consolidated statements of earnings for the periods presented.


Derivatives Not Designated as Hedging Instruments	Location of Gain Recognized in Income on Derivative Instruments	Amount of Gain Recognized in Income on Derivative Instruments
		Year Ended December 31,
		2019		2018		2017
		(Dollars in thousands)
Interest rate swaps	Other income	$	1,806	$	340	$	615

Total		$	1,806	$	340	$	615

Employee Benefit Plans - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Severance costs	$ 1,000,000.0	$ 1,400,000	$ 1,600,000
Deferred compensation agreements expenses	$ 1,600,000	1,100,000	1,200,000
Maximum percentage of bonus defer by individual under deferred compensation plan	100.00%
Deferred compensation plan, discretionary payments	$ 0	0	0
Deferred compensation liability	$ 22,666,000	20,033,000
Employer contribution percentage to 401(k) plan	3.00%
Employer contribution in profit-sharing plan	$ 4,100,000	3,500,000	$ 3,200,000
Executive Non-qualified Excess Plan [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Deferred compensation liability	$ 2,900,000	$ 2,400,000
Maximum [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Maximum percentage of salary defer by individual under deferred compensation plan	75.00%

Consolidated Statements of Stockholders' Equity (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Statement of Stockholders' Equity [Abstract]
Cash dividends per common share	$ 0.72	$ 0.56	$ 0.54

Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Changes in Carrying Amount of Goodwill

The following table presents the changes in the carrying amount of goodwill for the periods presented.


	Year Ended December 31,
	2019			2018
	(Dollars in thousands)
Balance, beginning of period	$	666,539		$	116,564
Addition due to acqusition		-			549,975
Measurement period adjustments		(2,832	)		-

Balance, end of period	$	663,707		$	666,539

Summary of Amortizable Intangible Assets

The following summarizes changes in CDI and the related accumulated amortization for the periods presented.


	Year Ended December 31,
	2019							2018
	Gross CDI Amount		Accumulated Amortization			Net CDI Amount		Gross CDI Amount		Accumulated Amortization			Net CDI Amount
	(Dollars in thousands)
Balance of intangible assets, beginning of period	$	93,297	$	(39,513	)	$	53,784	$	41,097	$	(34,259	)	$	6,838
Addition due to acquisition s		-							52,200

Balance of intangible assets, end of period	$	93,297	$	(50,311	)	$	42,986	$	93,297	$	(39,513	)	$	53,784

Aggregate amortization expense:
For year ended December 31,	$	10,798						$	5,254
Estimated Amortization Expense:
For the year ending December 31, 2020	$	9,352
For the year ending December 31, 2021		8,240
For the year ending December 31, 2022		7,126
For the year ending December 31, 2023		6,010
Thereafter		12,258

Derivative Financial Instruments - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2019 USD ($) Agreement	Dec. 31, 2018 USD ($)
Derivative Instruments, Gain (Loss) [Line Items]
Derivative assets and liabilities offset in balance sheet	$ 0
Total notional amount of the Company's swaps	$ 260,000,000.0	$ 195,400,000
Description of Conditions Relating to Clearing of Interest rate Swaps	As a result of the Bank exceeding $10 billion in assets, federal regulations require the Bank, beginning in January 2019, to clear most interest rate swaps through a clearing house (“centrally cleared”). These instruments contain language outlining collateral pledging requirements for each counterparty, in which collateral must be posted if market value exceeds certain agreed upon threshold limits. Cash or securities are pledged as collateral.
Interest-rate Swap Agreements with Customers [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Number of interest-rate swap agreements \| Agreement	90

Condensed Financial Information of Parent Company

12 Months Ended

Dec. 31, 2019

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,
	2019		2018
	(Dollars in thousands)
Assets
Investment in subsidiaries	$	2,003,692	$	1,865,609
Other assets, net		42,070		31,628

Total assets	$	2,045,762	$	1,897,237

Liabilities	$	51,664	$	46,047
Stockholders’ equity		1,994,098		1,851,190

Total liabilities and stockholders’ equity	$	2,045,762	$	1,897,237

CVB FINANCIAL CORP.

CONDENSED STATEMENTS OF EARNINGS


	Year Ended December 31,
	2019			2018			2017
	(Dollars in thousands)
Excess in net earnings of subsidiaries	$	107,185		$	78,601		$	50,253
Dividends from the Bank		106,000			77,800			57,000
Other expense, net		(5,358	)		(4,398	)		(2,842	)

Net earnings	$	207,827		$	152,003		$	104,411

CVB FINANCIAL CORP.

CONDENSED STATEMENTS OF CASH FLOWS


	Year Ended December 31,
	2019			2018			2017
	(Dollars in thousands)
Cash Flows from Operating Activities
Net earnings	$	207,827		$	152,003		$	104,411

Adjustments to reconcile net earnings to cash used in operating activities:
Earnings of subsidiaries		(213,185	)		(156,401	)		(107,253	)
Tax settlement received from the Bank		1,008			-			1,577
Stock-based compensation		5,548			3,508			2,953
Other operating activities, net		(2,417	)		(2,052	)		(1,725	)

Total adjustments		(209,046	)		(154,945	)		(104,448	)

Net cash used in operating activities		(1,219	)		(2,942	)		(37	)

Cash Flows from Investing Activities
Dividends received from the Bank		106,000			77,800			57,000

Net cash provided by investing activities		106,000			77,800			57,000

Cash Flows from Financing Activities
Cash dividends on common stock		(95,352	)		(65,966	)		(57,047	)
Proceeds from exercise of stock options		2,215			1,701			2,683
Repurchase of common stock		(2,640	)		(7,760	)		(1,128	)

Net cash used in financing activities		(95,777	)		(72,025	)		(55,492	)

Net increase in cash and cash equivalents		9,004			2,833			1,471
Cash and cash equivalents, beginning of period		22,050			19,217			17,746

Cash and cash equivalents, end of period	$	31,054		$	22,050		$	19,217

Regulatory Matters - Regulatory Capital Amounts and Ratios for Company and Bank (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Parent Company [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Total Capital (to Risk-Weighted Assets), Actual, Amount	$ 1,391,771	$ 1,263,800
Total Capital (to Risk-Weighted Assets), Actual, Ratio	16.01%	14.13%
Total Capital (to Risk-Weighted Assets), For Capital Adequacy Purposes, Amount	$ 695,651	$ 715,283
Tier 1 Capital (to Risk-Weighted Assets), Actual, Amount	$ 1,314,152	$ 1,191,228
Tier 1 Capital (to Risk-Weighted Assets), Actual, Ratio	15.11%	13.32%
Tier 1 Capital (to Risk-Weighted Assets), For Capital Adequacy Purposes, Amount	$ 521,738	$ 536,462
Common equity Tier I capital ratio, Actual, Amount	$ 1,289,152	$ 1,166,228
Common equity Tier I capital ratio, Actual, Ratio	14.83%	13.04%
Common equity Tier I capital ratio, For Capital Adequacy Purposes, Amount	$ 391,304	$ 402,347
Tier 1 Capital (to Average-Assets), Actual, Amount	$ 1,314,152	$ 1,191,228
Tier 1 Capital (to Average-Assets), Actual, Ratio	12.33%	10.98%
Tier 1 Capital (to Average-Assets), For Capital Adequacy Purposes, Amount	$ 426,497	$ 433,834
Bank [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Total Capital (to Risk-Weighted Assets), Actual, Amount	$ 1,376,364	$ 1,253,219
Total Capital (to Risk-Weighted Assets), Actual, Ratio	15.83%	14.03%
Total Capital (to Risk-Weighted Assets), For Capital Adequacy Purposes, Amount	$ 695,471	$ 714,601
Total Capital (to Risk-Weighted Assets), Required To Be Well Capitalized, Amount	869,339	893,251
Tier 1 Capital (to Risk-Weighted Assets), Actual, Amount	$ 1,298,745	$ 1,180,647
Tier 1 Capital (to Risk-Weighted Assets), Actual, Ratio	14.94%	13.22%
Tier 1 Capital (to Risk-Weighted Assets), For Capital Adequacy Purposes, Amount	$ 521,604	$ 535,951
Tier 1 Capital (to Risk-Weighted Assets), Required To Be Well Capitalized, Amount	695,471	714,601
Common equity Tier I capital ratio, Actual, Amount	$ 1,298,745	$ 1,180,647
Common equity Tier I capital ratio, Actual, Ratio	14.94%	13.22%
Common equity Tier I capital ratio, For Capital Adequacy Purposes, Amount	$ 391,203	$ 401,963
Common equity Tier I capital ratio, To Be Well Capitalized under Prompt Corrective Action Provisions, Amount	565,070	580,613
Tier 1 Capital (to Average-Assets), Actual, Amount	$ 1,298,745	$ 1,180,647
Tier 1 Capital (to Average-Assets), Actual, Ratio	12.19%	10.90%
Tier 1 Capital (to Average-Assets), For Capital Adequacy Purposes, Amount	$ 426,328	$ 433,403
Tier 1 Capital (to Average-Assets), Required To Be Well Capitalized, Amount	$ 532,909	$ 541,754
Minimum [Member] \| Parent Company [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Total Capital (to Risk-Weighted Assets), For Capital Adequacy Purposes, Ratio	8.00%	8.00%
Tier 1 Capital (to Risk-Weighted Assets), For Capital Adequacy Purposes, Ratio	6.00%	6.00%
Common equity Tier I capital ratio, For Capital Adequacy Purposes, Ratio	4.50%	4.50%
Tier 1 Capital (to Average-Assets), For Capital Adequacy Purposes, Ratio	4.00%	4.00%
Minimum [Member] \| Bank [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Total Capital (to Risk-Weighted Assets), For Capital Adequacy Purposes, Ratio	8.00%	8.00%
Total Capital (to Risk-Weighted Assets), Required To Be Well Capitalized, Ratio	10.00%	10.00%
Tier 1 Capital (to Risk-Weighted Assets), For Capital Adequacy Purposes, Ratio	6.00%	6.00%
Tier 1 Capital (to Risk-Weighted Assets), Required To Be Well Capitalized, Ratio	8.00%	8.00%
Common equity Tier I capital ratio, For Capital Adequacy Purposes, Ratio	4.50%	4.50%
Common equity Tier I capital ratio, To Be Well Capitalized under Prompt Corrective Action Provisions, Ratio	6.50%	6.50%
Tier 1 Capital (to Average-Assets), For Capital Adequacy Purposes, Ratio	4.00%	4.00%
Tier 1 Capital (to Average-Assets), Required To Be Well Capitalized, Ratio	5.00%	5.00%

Other Assets - Summary of Other Assets (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid expenses	$ 6,571	$ 6,393
Interest rate swaps	11,502	1,938
ROU assets	18,522
Affordable housing investments	12,452	15,995
Other investments	45,540	33,031
Other assets	15,550	10,450
Total	$ 110,137	$ 67,807

Condensed Financial Information of Parent Company - Condensed Statements of Cash Flows (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Adjustments to reconcile net earnings to cash used in operating activities:
Stock-based compensation	$ 5,548	$ 3,508	$ 2,953
Total adjustments	355	12,950	33,998
Net cash used in operating activities	208,182	164,953	138,409
Cash Flows from Investing Activities
Net cash provided by investing activities	325,323	811,081	140,035
Cash Flows from Financing Activities
Cash dividends on common stock	(95,352)	(65,966)	(57,047)
Proceeds from exercise of stock options	2,215	1,701	2,683
Repurchase of common stock	(2,640)	(7,760)	(1,128)
Net cash used in financing activities	(511,935)	(956,463)	(255,700)
Cash and cash equivalents, beginning of period	163,948	144,377	121,633
Cash and cash equivalents, end of period	185,518	163,948	144,377
Parent Company [Member]
Cash Flows from Operating Activities
Net earnings	207,827	152,003	104,411
Adjustments to reconcile net earnings to cash used in operating activities:
Earnings of subsidiaries	(213,185)	(156,401)	(107,253)
Tax settlement received from the Bank	1,008	0	1,577
Stock-based compensation	5,548	3,508	2,953
Other operating activities, net	(2,417)	(2,052)	(1,725)
Total adjustments	(209,046)	(154,945)	(104,448)
Net cash used in operating activities	(1,219)	(2,942)	(37)
Cash Flows from Investing Activities
Dividends received from the Bank	106,000	77,800	57,000
Net cash provided by investing activities	106,000	77,800	57,000
Cash Flows from Financing Activities
Cash dividends on common stock	(95,352)	(65,966)	(57,047)
Proceeds from exercise of stock options	2,215	1,701	2,683
Repurchase of common stock	(2,640)	(7,760)	(1,128)
Net cash used in financing activities	(95,777)	(72,025)	(55,492)
Net increase in cash and cash equivalents	9,004	2,833	1,471
Cash and cash equivalents, beginning of period	22,050	19,217	17,746
Cash and cash equivalents, end of period	$ 31,054	$ 22,050	$ 19,217

Other Assets (Tables)

12 Months Ended

Dec. 31, 2019

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Summary of Other Assets

Other assets were comprised of the following

as of

the d

ate

s presented.


	December 31,
	2019		2018
	(Dollars in thousands)
Prepaid expenses	$	6,571	$	6,393
Interest rate swaps		11,502		1,938
ROU assets		18,522		-
Affordable housing investments		12,452		15,995
Other investments		45,540		33,031
Other assets		15,550		10,450

Total	$	110,137	$	67,807

Other Real Estate Owned - Summary of Activity Related to Total OREO (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]
Balance, beginning of period	$ 420	$ 4,527
Additions	4,889	420
Dispositions	(420)	(4,527)
Valuation adjustments	0
Balance, end of period	$ 4,889	$ 420

Commitments and Contingencies - Additional Information (Detail) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Contingencies And Commitments [Line Items]
Commitments to extend credit	$ 1,540.0	$ 1,690.0
Obligations under letters of credit	53.1	54.3
Reserve for credit risk for undisbursed commitments	9.0	$ 9.0
Available lines of credit	4,180.0
Secured [Member]
Contingencies And Commitments [Line Items]
Available lines of credit	$ 3,790.0

Investment Securities - Summary of Interest Income Earned on Investment Securities (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Net Investment Income [Line Items]
Total interest income from available-for-sale securities	$ 39,330	$ 45,988	$ 49,778
Total interest income from held-to-maturity securities	17,388	18,901	21,015
Total investment income	56,718	64,889	70,793
Investment securities available-for-sale [Member]
Net Investment Income [Line Items]
Taxable	38,189	44,423	47,596
Tax-advantaged	1,141	1,565	2,182
Total interest income from available-for-sale securities	39,330	45,988	49,778
Investment securities held-to-maturity [Member]
Net Investment Income [Line Items]
Taxable	11,498	11,848	12,558
Tax-advantaged	5,890	7,053	8,457
Total interest income from held-to-maturity securities	$ 17,388	$ 18,901	$ 21,015

Earnings Per Share Reconciliation - Additional Information (Detail) - shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Earnings Per Share [Abstract]
Antidilutive securities excluded from computation of earnings per common share	183,000	160,000	9,000

Business Combinations (Tables)

12 Months Ended

Dec. 31, 2019

Business Combinations [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

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		2,738,100
Accrued interest receivable		7,916
Premises and equipment		14,632
BOLI		70,904
Core deposit intangible		52,200
Other assets		53,291

Total assets acquired				3,719,091
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				356,342

Goodwill			$	547,144

Business Acquisition, Pro Forma Information [Table Text Block]


	Unaudited Pro Forma Year Ended December 31,
	2018		2017
	(Dollars in thousands, except per share amounts)
Total revenues (net interest income plus noninterest income)	$	488,620	$	477,235
Net income	$	181,433	$	139,129
Earnings per share - basic	$	1.30	$	1.00
Earnings per share - diluted	$	1.29	$	0.99

Other Comprehensive Income (Tables)

12 Months Ended

Dec. 31, 2019

Equity [Abstract]

Summary of Components of Other Comprehensive Income

The tables below provide a summary of the components of OCI for the periods presented.


	Year Ended December 31,
	2019									2018								2017
	Before-tax			Tax effect			After-tax			Before-tax			Tax effect		After-tax			Before-tax			Tax effect		After-tax
	(Dollars in thousands)
Investment securities:
Net change in fair value recorded in accumulated OCI	$	45,486		$	(13,447	)	$	32,039		$	(26,435	)	$	7,815	$	(18,620	)	$	(11,336	)	$	4,760	$	(6,576	)
Amortization of unrealized (gains) losses on securities transferred from available-for-sale to held-to-maturity		(1,614	)		477			(1,137	)		(2,091	)		619		(1,472	)		(3,293	)		1,383		(1,910	)
Net realized gain reclassified into earnings (1)		(5	)		1			(4	)		-			-		-			(402	)		169		(233	)

Net change	$	43,867		$	(12,969	)	$	30,898		$	(28,526	)	$	8,434	$	(20,092	)	$	(15,031	)	$	6,312	$	(8,719	)

(1)

Included in other noninterest income.

Business Combinaions - Schedule of Recognized Identified Assets Acquired and Liabilities Assumed (Detail) - USD ($) $ in Thousands	Aug. 10, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Liabilities assumed
Goodwill		$ 663,707	$ 666,539	$ 116,564
Community Bank [Member]
Merger Consideration
Cash paid	$ 180,719
CVBF common stock issued	722,767
Total merger consideration	903,486
Assets Acquired
Cash and cash equivalents	47,802
Investment securities	716,996
FHLB stock	17,250
Loans	2,738,100
Accrued interest receivable	7,916
Premises and equipment	14,632
BOLI	70,904
Core deposit intangible	52,200
Other assets	53,291
Total assets acquired	3,719,091
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	356,342
Goodwill	$ 547,144

Derivative Financial Instruments - Fair Value of Derivative Instruments (Detail) - Derivatives Not Designated as Hedging Instruments [Member] - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Other Assets [Member]
Derivatives, Fair Value [Line Items]
Asset Derivatives	$ 11,502	$ 1,938
Other Assets [Member] \| Interest Rate Swaps [Member]
Derivatives, Fair Value [Line Items]
Asset Derivatives	11,502	1,938
Other Liabilities [Member]
Derivatives, Fair Value [Line Items]
Liability Derivatives	11,502	1,938
Other Liabilities [Member] \| Interest Rate Swaps [Member]
Derivatives, Fair Value [Line Items]
Liability Derivatives	$ 11,502	$ 1,938

Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2019

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Summary of Significant Accounting Policies

3.	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Business Segments

reportable segments: Banking Centers and Dairy & Livestock and Agribusiness. As a result of the Community Bank acquisition, along with changes in personnel, reporting structure, and operations, we

re-evaluated

our segment reporting for the third quarter ended September 30, 2018.

mid-sized

companies, real estate investors,

non-profit

organizations, professionals and other individuals. Our products include loans for

Cash and cash equivalents

Investment Securities

— The Company classifies as

held-to-maturity

available-for-sale

(“AFS”). Securities

held-to-maturity

Available-for-sale

more-likely-than-not

Loans and Lease Finance Receivables

Loans and Lease Finance Receivables and Allowance for Loan Losses

for total loans, by type.

due 30 days or more and generally remain on accrual status between 30 and 89 days past

guarantors and their willingness to support the loan as well as other factors, and this determination involves significant judgment. When an asset is placed on

nonaccrual

Nonaccrual

loans may be restored to accrual status when principal and interest become current and when the borrower is able to demonstrate payment performance for a sustained period, typically for

six months

. A

nonaccrual

loan may return to accrual status sooner based on other significant events or mitigating circumstances. This policy is consistently applied to all types of loans and lease finance receivables.

Purchased Loans

Acquired non-impaired loans

Purchased credit impaire

d loans

—

PCI loans and are accounted for in accordance with ASC 310-30, “Loans and Debt Securities Acquired with Deteriorated Credit Quality.” A purchased loan

is deemed to be credit impaired when there is evidence of credit deterioration since its origination and it is probable at the acquisition date that collection of all contrac

December 31, 2018, beginning with June 30, 2019 PCI loans were accounted for and combined with

Non-PCI

loans

and were reflected in total loans and lease finance receivables.

Troubled Debt Restructurings

The delay is insignificant relative to any of the following:

•

The frequency of payments due;

•

The debt’s original contractual maturity; or

•

The debt’s original expected duration.

Impaired Loans

310-10-35-22.

Impairment on

non-collateral

Charge-offs of unsecured consumer loans are recorded when the loan reaches 120 days past due or sooner as circumstances indicate. Except for the charge-offs of unsecured consumer loans, the

charge-off

pre-modification

interest rate. The Company

Provision and Allowance for Loan Losses

uncollectability

through-the-cycle

look back period produces meaningful results that more appropriately reflect the level of incurred losses in the Bank’s loan portfolio given the current, extended credit cycle.

Reserve for Unfunded Loan Commitments

— The reserve for

off-balance

sheet credit exposure relates to commitments to extend credit, letters of credit and undisbursed funds on lines of credit. The Company evaluates credit risk associated with the

off-balance

Other Real Estate Owned

Premises and Equipment

Bank premises		15 - 39 years
Leasehold improvements		Shorter of estimated economic lives of 15 years or term of the lease.
Computer equipment		3 - 7 years
Furniture, fixtures and equipment		5 - 10 years

Long-lived assets are reviewed periodically for impairment when events or changes in circumstances indicate that the carrying amount may not be recoverable. The existence of impairment is based on

undiscounted

cash flows. To the extent impairment exists, the impairment is calculated as the difference in fair value of assets and their carrying value. The impairment loss, if any, would be recorded in

noninterest

expense.

Long-lived assets classified as

held-for-sale

are measured at the lower of its carrying amount or fair value less cost to sell.

Assets-held-for

sale include long-lived assets transferred from our

“held-and-used”

portfolio in the period in which the following criteria are met:

•

Management, having the authority to approve the action, commits to a plan to sell the asset;

•

The asset is available for immediate sale, an active program to locate a buyer and other actions required to complete the plan to sell the asset have been initiated;

•

The sale of the asset is probable, and transfer of the asset is expected to qualify for recognition as a completed sale, within one year;

•

The asset is being actively marketed for sale at a price that is reasonable in relation to its current fair value;

•

Actions required to complete the plan indicate that it is unlikely that significant changes to the plan will be made or that the plan will be withdrawn.

Goodwill and Intangible Assets

non-controlling

Other intangible assets consist of core deposit intangible assets arising from business combinations and are amortized using an accelerated method over their estimated useful lives.

Use of Fair Value

— We use fair value measurements to record fair value adjustments to certain financial instruments and to determine fair value disclosures. Investment securities

available-for-sale

and interest-rate swaps are financial instruments recorded at fair value on a recurring basis. Additionally, from time to time, we may be required to record at fair value other assets on a

non-recurring

basis, such as impaired loans and OREO. These

non-recurring

fair value adjustments typically involve application of

lower-of-cost-or

-market

accounting or write-downs of individual assets. Further, we include in Note 19 —

Fair Value Information

Bank Owned Life Insurance

Income Taxes

Deferred tax assets and liabilities are measured using enacted tax rates expected to

Earnings per Common Share

— The Company calculates earnings per common share (“EPS”) using the

two-class

method. The

two-class

non-forfeitable

Earnings Per Share Reconciliation

of these consolidated financial statements.

Stock-Based Compensation

— Consistent with the provisions of ASC 718,

Stock Compensation

, we recognize expense for the grant date fair value of stock options and restricted shares issued to employees, officers and

non-employee

directors over the requisite service periods (generally the vesting period). The service periods may be subject to performance conditions.

The grant date fair value of restricted stock awards is measured at the fair value of the Company’s common stock as if the restricted share was vested and issued on the date of grant.

Additional information is included in Note 17 —

Stock-Based Compensation Plans

of the consolidated financial statements included herein.

Derivative Financial Instruments

Upon adoption of ASU

2017-12,

Statement of Cash Flows

CitizensTrust

Use of Estimates in the Preparation of Financial Statements

Other Contingencies

Commitments and Contingencies

at December 31, 2019, the Company does not have any material litigation accruals and is not aware of any material pending legal action or complaints asserted against the Company.

Adoption of New Accounting Standard

— In August 2017, the FASB issued ASU No.

2017-12,

“Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities.” ASU

2017-12

objective, the amendments expand and refine hedge accounting for both

non-financial

and financial risk components and align the recognition and presentation of the effects of the hedging instrument and the hedged item in the financial statements. ASU No.

2017-12

In June 2018, the FASB issued ASU No.

2018-07,

“Compensation – Stock Compensation (Topic 718): Improvements to Nonemployees Share-Based Accounting.” The intention of ASU

2018-07

re-measured

through a cumulative-effect adjustment to retained earnings as of the beginning of the fiscal year of adoption. ASU

2018-07

In February 2016, FASB issued ASU No.

2016-02,

“Leases (Topic 842).” ASU

2016-02

establishes a

right-of-use

entered into after, the beginning of the earliest comparative period presented in the financial statements, with certain practical expedients available. In July 2018, the FASB issued ASU

2018-10,

“Codification Improvements to Topic 842, Leases,” which clarifies and corrects errors in ASC 842. The effective date and transition requirements of ASU

2018-10

are the same as the effective date and transition requirements of

2016-02.

In July 2018, the FASB issued ASU No.

2018-11,

“Leases (Topic 842): Targeted Improvements,” which creates a new optional transition method for implementing the new standard on leases, ASU No.

2016-02,

and provides lessors with a practical expedient for separating lease and

non-lease

components. Specifically, under the amendments in ASU

2018-11:

non-lease

components when certain conditions are met. The amendments have the same effective date as ASU

2016-02.

Practical Expedients to Topic 842, Leases

non-lease

components in determining the consideration in the lease agreement.

3 —

Leases

for more information.

Operating lease ROU assets and lease liabilities are included in

other assets

and

other liabilities

In January 2017, the FASB issued ASU No.

2017-04,

“Intangibles – Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment.” ASU

2017-04

Investment Securities (Tables)

12 Months Ended

Dec. 31, 2019

Investments, Debt and Equity Securities [Abstract]

Summary of Amortized Cost and Estimated Fair Value of Investment Securities

The amortized cost and estimated fair value of investment securities are summarized below. The majority of securities held are

available-for-sale

securities with fair value based on quoted prices for similar assets in active markets or quoted prices for identical assets in markets that are not active. Estimated fair values were obtained from an independent pricing service based upon market quotes.


	December 31, 2019
	Amortized Cost		Gross Unrealized Holding Gain		Gross Unrealized Holding Loss			Fair Value		Total Percent
	(Dollars in thousands)
Investment securities available-for-sale:
Mortgage-backed securities	$	1,185,757	$	21,306	$	(750	)	$	1,206,313		69.32	%
CMO/REMIC		493,214		1,392		(896	)		493,710		28.37	%
Municipal bonds		38,506		850		(2	)		39,354		2.26	%
Other securities		880		-		-			880		0.05	%

Total available-for-sale securities	$	1,718,357	$	23,548	$	(1,648	)	$	1,740,257		100.00	%

Investment securities held-to-maturity:
Government agency/GSE	$	117,366	$	2,280	$	(657	)	$	118,989		17.40	%
Mortgage-backed securities		168,479		2,083		(54	)		170,508		24.98	%
CMO/REMIC		192,548		-		(2,458	)		190,090		28.55	%
Municipal bonds		196,059		3,867		(565	)		199,361		29.07	%

Total held-to-maturity securities	$	674,452	$	8,230	$	(3,734	)	$	678,948		100.00	%


	December 31, 2018
	Amortized Cost		Gross Unrealized Holding Gain		Gross Unrealized Holding Loss			Fair Value		Total Percent
	(Dollars in thousands)
Investment securities available-for-sale:
Mortgage-backed securities	$	1,494,106	$	1,348	$	(20,946	)	$	1,474,508		85.03	%
CMO/REMIC		217,223		353		(3,525	)		214,051		12.34	%
Municipal bonds		45,621		332		(1,143	)		44,810		2.59	%
Other securities		716		-		-			716		0.04	%
Total available-for-sale securities	$	1,757,666	$	2,033	$	(25,614	)	$	1,734,085		100.00	%
Investment securities held-to-maturity:
Government agency/GSE	$	138,274	$	572	$	(2,622	)	$	136,224		18.57	%
Mortgage-backed securities		153,874		-		(3,140	)		150,734		20.67	%
CMO/REMIC		215,336		-		(12,081	)		203,255		28.93	%
Municipal bonds		236,956		556		(6,188	)		231,324		31.83	%
Total held-to-maturity securities	$	744,440	$	1,128	$	(24,031	)	$	721,537		100.00	%

Summary of Interest Income Earned on Investment Securities

The following table provides information about the amount of interest income earned on investment securities which is fully taxable and which is exempt from regular federal income tax.


	Year Ended December 31,
	2019		2018		2017
	(Dollars in thousands)
Investment securities available-for-sale:
Taxable	$	38,189	$	44,423	$	47,596
Tax-advantaged		1,141		1,565		2,182

Total interest income from available-for-sale securities		39,330		45,988		49,778

Investment securities held-to-maturity:
Taxable		11,498		11,848		12,558
Tax-advantaged		5,890		7,053		8,457

Total interest income from held-to-maturity securities		17,388		18,901		21,015

Total interest income from investment securities	$	56,718	$	64,889	$	70,793

Summary of Continuous Unrealized Loss Position of Securities

The tables below show the Company’s investment securities’ gross unrealized losses and fair value by investment category and length of time that individual securities have been in a continuous unrealized loss position at December 31, 2019 and 2018. Management has reviewed individual securities to determine whether a decline in fair value below the amortized cost basis is other-than-temporary. The unrealized losses on these securities were primarily attributed to changes in interest rates. The issuers of these securities have not, to our knowledge, evidenced any cause for default on these securities. These securities have fluctuated in value since their purchase dates as market interest rates have fluctuated. However, we have the ability and the intention to hold these securities until their fair values recover to cost or maturity. As such, management does not deem these securities to be OTTI.


	December 31, 2019
	Less Than 12 Months					12 Months or Longer					Total
	Fair Value		Gross Unrealized Holding Losses			Fair Value		Gross Unrealized Holding Losses			Fair Value		Gross Unrealized Holding Losses
	(Dollars in thousands)
Investment securities available-for-sale:
Mortgage-backed securities	$	20,289	$	(6	)	$	97,964	$	(744	)	$	118,253	$	(750	)
CMO/REMIC		177,517		(705	)		34,565		(191	)		212,082		(896	)
Municipal bonds		-		-			563		(2	)		563		(2	)

Total available-for-sale securities	$	197,806	$	(711	)	$	133,092	$	(937	)	$	330,898	$	(1,648	)

Investment securities held-to-maturity:
Government agency/GSE	$	28,359	$	(252	)	$	19,405	$	(405	)	$	47,764	$	(657	)
Mortgage-backed securities		10,411		(54	)		-		-			10,411		(54	)
CMO/REMIC		23,897		(104	)		166,193		(2,354	)		190,090		(2,458	)
Municipal bonds		7,583		(32	)		29,981		(533	)		37,564		(565	)

Total held-to-maturity securities	$	70,250	$	(442	)	$	215,579	$	(3,292	)	$	285,829	$	(3,734	)


	December 31, 2018
	Less Than 12 Months					12 Months or Longer					Total
	Fair Value		Gross Unrealized Holding Losses			Fair Value		Gross Unrealized Holding Losses			Fair Value		Gross Unrealized Holding Losses
	(Dollars in thousands)
Investment securities available-for-sale:
Mortgage-backed securities	$	692,311	$	(4,864	)	$	593,367	$	(16,082	)	$	1,285,678	$	(20,946	)
CMO/REMIC		36,582		(365	)		135,062		(3,160	)		171,644		(3,525	)
Municipal bonds		9,568		(188	)		14,181		(955	)		23,749		(1,143	)

Total available-for-sale securities	$	738,461	$	(5,417	)	$	742,610	$	(20,197	)	$	1,481,071	$	(25,614	)

Investment securities held-to-maturity:
Government agency/GSE	$	7,479		$ (15	)	$	54,944	$	(2,607	)	$	62,423	$	(2,622	)
Mortgage-backed securities		59,871		(484	)		90,863		(2,656	)		150,734		(3,140	)
CMO/REMIC		-		-			203,254		(12,081	)		203,254		(12,081	)
Municipal bonds		70,989		(778	)		77,723		(5,410	)		148,712		(6,188	)

Total held-to-maturity securities	$	138,339	$	(1,277	)	$	426,784	$	(22,754	)	$	565,123	$	(24,031	)

Summary of Amortized Cost and Fair Value of Debt Securities by Contractual Maturity

Mortgage-backed and CMO/REMIC securities are included in maturity categories based upon estimated average lives which incorporate estimated prepayment speeds.


	December 31, 2019
	Available-for-sale				Held-to-maturity
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
	(Dollars in thousands)
Due in one year or less	$	16,048	$	16,175	$	-	$	-
Due after one year through five years		1,414,580		1,435,647		339,132		338,758
Due after five years through ten years		266,108		266,349		140,143		141,903
Due after ten years		21,621		22,086		195,177		198,287

Total investment securities	$	1,718,357	$	1,740,257	$	674,452	$	678,948

Loans and Lease Finance Receivables and Allowance for Loan Losses - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2019 USD ($) Contract SecurityLoan	Dec. 31, 2018 USD ($) Contract	Dec. 31, 2017 USD ($) Contract	Sep. 30, 2019 USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total fixed rate loans held	$ 3,860,000,000
Secure borrowings and available lines of credit from FHLB and Federal Reserve Bank	6,030,000,000.00	$ 5,710,000,000
Loans held-for-sale	0	0
Impaired, at carrying value	8,389,000	23,545,000	$ 15,525,000
Impaired, at carrying value	$ 508,000	561,000	75,000
Number of performing loans \| SecurityLoan	12
Provision for unfunded loan commitments	$ 0	250,000	400,000
Reserve for credit risk for undisbursed commitments	9,000,000.0	9,000,000.0
Allocation of allowance to troubled debt restructuring	$ 0	$ 490,000
Number of loans modified as a TDR within the previous 12 months that subsequently defaulted \| Contract	0	0
Percentage of PCI loans to Loan Receivable	0.20%	0.20%
Community Bank [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Provision for unfunded loan commitments		$ 2,900,000
Commercial Real Estate Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable gross	$ 5,374,617,000	5,408,636,000
Construction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage of total gross loan portfolio (excluding PCI loans)	71.01%
Nonaccrual Commercial and Industrial Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Outstanding balance	$ 1,300,000
Nonaccrual Small Business Administration Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Outstanding balance	2,000,000.0
Impaired Loans Modified in Troubled Debt Restructure [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Impaired, at carrying value	3,400,000
Loans classified as troubled debt restructured	3,400,000
Single-family Residential Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Outstanding balance	878,000
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial real estate loan outstanding balance modified as a TDR within the previous 12 months that subsequently defaulted			$ 3,100,000
Nonaccrual Commercial Real Estate Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Outstanding balance	$ 724,000
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage of total gross loan portfolio (excluding PCI loans)	76.31%
Number of loans modified as a TDR within the previous 12 months that subsequently defaulted \| Contract			1
Consumer and Other Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Outstanding balance	$ 377,000
Nonperforming Financing Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Impaired, at carrying value	244,000
Loans classified as troubled debt restructured	244,000
Performing Financing Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Impaired, at carrying value	8,400,000
Loans classified as troubled debt restructured	3,100,000
Performing Financing Receivable [Member] \| Commercial Real Estate Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans classified as troubled debt restructured	536,000
Performing Financing Receivable [Member] \| Single-family Residential Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans classified as troubled debt restructured	2,100,000
Performing Financing Receivable [Member] \| Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans classified as troubled debt restructured	78,000
Performing Financing Receivable [Member] \| Small Business Administration [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans classified as troubled debt restructured	397,000
Loans, Excluding PCI Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable gross	383,700,000
Impaired, at carrying value		23,500,000
Outstanding balance		19,951,000		$ 5,277,000
Loans, Excluding PCI Loans [Member] \| Commercial Real Estate Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable gross		5,394,229,000
Loans, Excluding PCI Loans [Member] \| Dairy & Livestock Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable gross	323,500,000	340,500,000
Loans, Excluding PCI Loans [Member] \| Agribusiness Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable gross	$ 60,200,000	54,000,000.0
Loans, Excluding PCI Loans [Member] \| Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Outstanding balance		7,490,000		1,266,000
Loans, Excluding PCI Loans [Member] \| Small Business Administration [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Outstanding balance		$ 2,892,000		$ 2,032,000
Loans, Excluding PCI Loans [Member] \| Loans Secured by Farmland [Member] \| Commercial Real Estate Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage of total gross loan portfolio (excluding PCI loans)	4.50%	4.27%
Notes receivable gross	$ 241,800,000	$ 231,000,000.0
Loans, Excluding PCI Loans [Member] \| Loans Secured by Farmland [Member] \| Loans Secured by Dairy & Livestock Land [Member] \| Commercial Real Estate Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable gross	125,900,000	126,900,000
Loans, Excluding PCI Loans [Member] \| Loans Secured by Farmland [Member] \| Loans Secured by Agricultural Land [Member] \| Commercial Real Estate Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable gross	$ 115,900,000	$ 104,100,000

Investment Securities - Summary of Amortized Cost and Estimated Fair Value of Investment Securities (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Schedule of Investments [Line Items]
Amortized Cost, Available-for-sale	$ 1,718,357	$ 1,757,666
Gross Unrealized Holding Gain, Available-for-sale	23,548	2,033
Gross Unrealized Holding Loss, Available-for-sale	(1,648)	(25,614)
Fair Value, Available-for-sale	$ 1,740,257	$ 1,734,085
Total Percent, Available-for-sale	100.00%	100.00%
Amortized Cost, Held-to-maturity	$ 674,452	$ 744,440
Gross Unrealized Holding Gain, Held-to-maturity	8,230	1,128
Gross Unrealized Holding Loss, Held-to-maturity	(3,734)	(24,031)
Fair Value, Held-to-maturity	$ 678,948	$ 721,537
Total Percent, Held-to-maturity	100.00%	100.00%
CMO/REMIC [Member]
Schedule of Investments [Line Items]
Amortized Cost, Available-for-sale	$ 493,214	$ 217,223
Gross Unrealized Holding Gain, Available-for-sale	1,392	353
Gross Unrealized Holding Loss, Available-for-sale	(896)	(3,525)
Fair Value, Available-for-sale	$ 493,710	$ 214,051
Total Percent, Available-for-sale	28.37%	12.34%
Amortized Cost, Held-to-maturity	$ 192,548	$ 215,336
Gross Unrealized Holding Gain, Held-to-maturity	0	0
Gross Unrealized Holding Loss, Held-to-maturity	(2,458)	(12,081)
Fair Value, Held-to-maturity	$ 190,090	$ 203,255
Total Percent, Held-to-maturity	28.55%	28.93%
Government Agency/GSE [Member]
Schedule of Investments [Line Items]
Amortized Cost, Held-to-maturity	$ 117,366	$ 138,274
Gross Unrealized Holding Gain, Held-to-maturity	2,280	572
Gross Unrealized Holding Loss, Held-to-maturity	(657)	(2,622)
Fair Value, Held-to-maturity	$ 118,989	$ 136,224
Total Percent, Held-to-maturity	17.40%	18.57%
Mortgage-backed Securities [Member]
Schedule of Investments [Line Items]
Amortized Cost, Available-for-sale	$ 1,185,757	$ 1,494,106
Gross Unrealized Holding Gain, Available-for-sale	21,306	1,348
Gross Unrealized Holding Loss, Available-for-sale	(750)	(20,946)
Fair Value, Available-for-sale	$ 1,206,313	$ 1,474,508
Total Percent, Available-for-sale	69.32%	85.03%
Amortized Cost, Held-to-maturity	$ 168,479	$ 153,874
Gross Unrealized Holding Gain, Held-to-maturity	2,083	0
Gross Unrealized Holding Loss, Held-to-maturity	(54)	(3,140)
Fair Value, Held-to-maturity	$ 170,508	$ 150,734
Total Percent, Held-to-maturity	24.98%	20.67%
Municipal Bonds [Member]
Schedule of Investments [Line Items]
Amortized Cost, Available-for-sale	$ 38,506	$ 45,621
Gross Unrealized Holding Gain, Available-for-sale	850	332
Gross Unrealized Holding Loss, Available-for-sale	(2)	(1,143)
Fair Value, Available-for-sale	$ 39,354	$ 44,810
Total Percent, Available-for-sale	2.26%	2.59%
Amortized Cost, Held-to-maturity	$ 196,059	$ 236,956
Gross Unrealized Holding Gain, Held-to-maturity	3,867	556
Gross Unrealized Holding Loss, Held-to-maturity	(565)	(6,188)
Fair Value, Held-to-maturity	$ 199,361	$ 231,324
Total Percent, Held-to-maturity	29.07%	31.83%
Other Securities [Member]
Schedule of Investments [Line Items]
Amortized Cost, Available-for-sale	$ 880	$ 716
Gross Unrealized Holding Gain, Available-for-sale	0	0
Gross Unrealized Holding Loss, Available-for-sale	0	0
Fair Value, Available-for-sale	$ 880	$ 716
Total Percent, Available-for-sale	0.05%	0.04%

Quarterly Financial Data - Summarized Quarterly Financial Data (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended									12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Selected Quarterly Financial Information [Abstract]
Net interest income	$ 107,020	$ 108,159	$ 111,057	$ 109,536	$ 113,016		$ 92,820	$ 72,688	$ 70,521	$ 435,772	$ 349,045	$ 278,930
Provision for loan losses	0	1,500	2,000	1,500		$ 3,000	500	(1,000)	(1,000)	5,000	1,500	(8,500)
Net earnings	$ 51,281	$ 50,423	$ 54,481	$ 51,642	$ 43,159		$ 38,558	$ 35,373	$ 34,913	$ 207,827	$ 152,003	$ 104,411
Basic earnings per common share	$ 0.37	$ 0.36	$ 0.39	$ 0.37	$ 0.31		$ 0.30	$ 0.32	$ 0.32	$ 1.48	$ 1.25	$ 0.95
Diluted earnings per common share	$ 0.37	$ 0.36	$ 0.39	$ 0.37	$ 0.31		$ 0.30	$ 0.32	$ 0.32	$ 1.48	$ 1.24	$ 0.95

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References

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+ Details

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

+ References

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+ Details