Company: CMTV
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001654954-25-009542
Chunk: 17

Company: COMMUNITY BANCORP /VT
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 17
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5 and December 31, 2024, the Company did not have the intent to sell, nor was it more likely than not that we would be required to sell any of the debt securities AFS in an unrealized loss position as of such dates prior to recovery. Management determined that no individual debt securities in an unrealized loss position represented credit losses that would require an allowance for credit losses, and that the unrealized losses as of the balance sheet dates were primarily attributed to increases in market interest rates since these securities were purchased under other market conditions.  Accordingly, there was no ACL on AFS debt securities as of June 30, 2025, or December 31, 2024. Accrued interest receivable on AFS debt securities which totaled $499,357 and $509,429 on June 30, 2025, and December 31, 2024, respectively, was reported in accrued interest receivable on the consolidated balance sheets and is excluded from the estimate of credit losses.

 14Table of Contents

Note 5.  Loans, Allowance for Credit Losses, Credit Quality and Off-Balance Sheet Credit Exposures

The composition of net loans as of the balance sheet dates was as follows:   June 30, 2025  December 31, 2024              Commercial & industrial $128,157,885   13.61% $124,055,652   13.37%Purchased (1)  11,566,752   1.23%  7,808,877   0.84%Commercial real estate  490,993,214   52.14%  472,152,857   50.88%Municipal  42,411,313   4.50%  67,087,399   7.23%Residential real estate - 1st lien  227,515,606   24.16%  218,090,893   23.50%Residential real estate - Jr lien  38,157,133   4.05%  35,691,181   3.85%Consumer  2,961,092   0.31%  3,053,946   0.33%Total loans  941,762,995   100.00%  927,940,805