Company: CMTV
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001654954-25-005620
Chunk: 2

Company: COMMUNITY BANCORP /VT
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 2
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 on taxable debt securities  859,231   972,349 Interest on tax-exempt debt securities  80,411   80,411 Dividends  47,890   42,384 Interest on federal funds sold and overnight deposits  321,948   85,933 Total interest income  14,524,512   12,859,294          Interest expense        Interest on deposits  4,185,907   3,080,172 Interest on borrowed funds  370,977   945,816 Interest on repurchase agreements  285,959   198,892 Interest on junior subordinated debentures  243,345   276,769 Total interest expense  5,086,188   4,501,649          Net interest income  9,438,324   8,357,645 Credit loss expense  325,054   313,579 Net interest income after credit loss expense  9,113,270   8,044,066          Non-interest income        Service fees  886,782   897,920 Income from sold loans  69,377   79,104 Other income from loans  270,167   254,601 Other income  352,283   402,282 Total non-interest income  1,578,609   1,633,907          Non-interest expense        Salaries and wages  2,320,066   2,458,000 Employee benefits  1,017,974   899,236 Occupancy expenses, net  781,856   722,503 Other expenses  2,383,716   2,220,405 Total non-interest expense  6,503,612   6,300,144          Income before income taxes  4,188,267   3,377,829 Income tax expense  662,812   554,928 Net income $3,525,455  $2,822,901          Earnings per common share $0.62  $0.51 Weighted average number of common shares             used in computing earnings per share  5,605,278   5,521,509 Dividends