Company: CMTV
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001654954-25-005620
Chunk: 38

Company: COMMUNITY BANCORP /VT
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 38
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825 excludes certain financial instruments and all nonfinancial instruments from its disclosure requirements. Accordingly, the aggregate fair value amounts presented may not necessarily represent the underlying fair value of the Company.

 25Table of Contents

The estimated fair values of commitments to extend credit and letters of credit were immaterial as of the dates presented in the tables below. The estimated fair values of the Company's financial instruments as of the balance sheet dates were as follows: March 31, 2025    Fair  Fair  Fair  Fair   Carrying  Value  Value  Value  Value   Amount  Level 1  Level 2  Level 3  Total   (Dollars in Thousands) Financial assets:               Cash and cash equivalents $28,812  $28,812  $0  $0  $28,812 Debt securities AFS  168,286   21,476   146,810   0   168,286 Restricted equity securities  2,770   0   2,770   0   2,770 Loans and loans held-for-sale, net of ACL                    Commercial & industrial  120,731   0   62   118,964   119,026 Purchased  7,221   0   0   6,977   6,977 Commercial real estate  470,291   0   0   450,386   450,386 Municipal  70,267   0   0   68,171   68,171 Residential real estate - 1st lien  223,979   0   0   210,665   210,665 Residential real estate - Jr lien  35,733   0   0   35,273   35,273 Consumer  3,048   0   0   3,080   3,080 MSRs (1)  676   0   1,132   0   1,132 Accrued interest receivable  5,476   0   5,476   0   5,476                      Financial liabilities:                    Deposits