Company: CMTV
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001654954-25-013041
Chunk: 85

Company: COMMUNITY BANCORP /VT
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 85
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 2025  2024 FHLBB Short-Term Advances      FHLBB term advance, 4.49%, due November 21, 2025 $10,000,000  $0          FHLBB Long-Term Advances        FHLBB term advance, 0.00%, due November 12, 2025 (1)  300,000   300,000 FHLBB term advance, 0.00%, due November 13, 2028 (1)  800,000   800,000 FHLBB option advance, 4.54%, due May 15, 2026  10,000,000   10,000,000 FHLBB option advance, 4.74%, due May 26, 2026  5,000,000   5,000,000 FHLBB option advance, 3.89%, due February 01, 2027  0   5,000,000 FHLBB option advance, 4.27%, due June 07, 2027  10,000,000   10,000,000 FHLBB option advance, 3.66%, due March 26, 2027  5,000,000   0 FHLBB option advance, 3.51%, due March 27, 2028  5,000,000   0 FHLB term advance, 0.00%, due September 24, 2030  175,022   0 Total Long-Term Advances  36,275,022   31,100,000          Total Advances $46,275,022  $31,100,000 

(1)Under the JNE program, the FHLBB provides a subsidy, funded by the FHLBB’s earnings, to write down interest rates to zero percent on advances that finance qualifying loans to small businesses. JNE advances must support small business in New England that create and/or retain jobs or otherwise contribute to overall economic development activities.

 48Table of Contents

The Company utilized borrowing capacity during 2023 and the first quarter of 2024 under the BTFP, a temporary loan facility established by the FRB in March 2023 to provide additional liquidity to financial institutions in the wake of several high