Company: CMTV
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001654954-25-013041
Chunk: 4

Company: COMMUNITY BANCORP /VT
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 4
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7,104,000 Employee benefits  3,034,163   2,840,194 Occupancy expenses, net  2,324,661   2,100,714 Other expenses  7,260,297   7,035,466 Total non-interest expense  19,764,509   19,080,374          Income before income taxes  14,820,867   10,347,580 Income tax expense  2,488,849   1,682,242 Net income $12,332,018  $8,665,338          Earnings per common share $2.18  $1.55 Weighted average number of common shares used in computing earnings per share  5,608,353   5,542,353  Dividends declared per common share $0.73  $0.70 

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

 5Table of Contents

Community Bancorp. and Subsidiary      Consolidated Statements of Comprehensive Income      (Unaudited) Three Months Ended September 30,   2025   2024        Net income $4,746,787  $3,114,251          Other comprehensive income        Unrealized holding gain on securities AFS arising during the period  2,475,089   6,150,345 Tax effect  (519,769)  (1,291,573)Other comprehensive income, net of tax  1,955,320   4,858,772 Total comprehensive income $6,702,107  $7,973,023 

  Nine Months Ended September 30,   2025   2024        Net income $12,332,018  $8,665,338          Other comprehensive income, net of tax:        Unrealized holding gain on securities AFS arising during the period  6,638,354   4,444,072 Tax effect  (1,394,055)  (933,258)Other comprehensive income, net of tax  5,244,299   3,510,814 Total comprehensive income $17,576,317