Company: CMTV
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001654954-25-009542
Chunk: 3

Company: COMMUNITY BANCORP /VT
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 3
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72  $0.49 Weighted average number of common shares used in computing earnings per share  5,612,675   5,541,540 Dividends declared per common share $0.24  $0.23 

The accompanying notes are an integral part of these unaudited interim consolidated financial statements.

 4Table of Contents

Community Bancorp. and Subsidiary Six Months Ended June 30, Consolidated Statements of Income 2025   2024 (Unaudited)             Interest income      Interest and fees on loans $26,906,737  $23,745,328 Interest on taxable debt securities  1,807,276   1,904,557 Interest on tax-exempt debt securities  160,823   160,823 Dividends  106,485   105,655 Interest on federal funds sold and overnight deposits  393,806   140,385 Total interest income  29,375,127   26,056,748          Interest expense        Interest on deposits  8,157,915   6,440,007 Interest on borrowed funds  815,574   2,220,241 Interest on repurchase agreements  584,016   376,762 Interest on junior subordinated debentures  484,758   560,799 Total interest expense  10,042,263   9,597,809          Net interest income  19,332,864   16,458,939 Credit loss expense  732,100   645,161 Net interest income after credit loss expense  18,600,764   15,813,778          Non-interest income        Service fees  1,856,557   1,862,101 Income from sold loans  166,082   177,573 Other income from loans  601,927   532,824 Other income  1,012,754   833,826 Total non-interest income  3,637,320   3,406,324          Non-interest expense        Salaries and wages  4,712,727   4,746,000 Employee benefits  2,074,245   1,853,