Company: CMTV
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001654954-25-009542
Chunk: 2

Company: COMMUNITY BANCORP /VT
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 2
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   2024 (Unaudited)             Interest income      Interest and fees on loans $13,691,705  $12,067,111 Interest on taxable debt securities  948,048   932,209 Interest on tax-exempt debt securities  80,411   80,411 Dividends  58,595   63,270 Interest on federal funds sold and overnight deposits  71,857   54,452 Total interest income  14,850,616   13,197,453          Interest expense        Interest on deposits  3,972,008   3,359,835 Interest on borrowed funds  444,596   1,274,424 Interest on repurchase agreements  298,057   177,871 Interest on junior subordinated debentures  241,413   284,030 Total interest expense  4,956,074   5,096,160          Net interest income  9,894,542   8,101,293 Credit loss expense  407,046   331,582 Net interest income after credit loss expense  9,487,496   7,769,711          Non-interest income        Service fees  969,775   964,181 Income from sold loans  96,705   98,469 Other income from loans  331,759   278,223 Other income  660,472   431,544 Total non-interest income  2,058,711   1,772,417          Non-interest expense        Salaries and wages  2,392,661   2,288,000 Employee benefits  1,056,273   954,154 Occupancy expenses, net  794,451   694,230 Other expenses  2,424,015   2,335,187 Total non-interest expense  6,667,400   6,271,571          Income before income taxes  4,878,807   3,270,557 Income tax expense  819,031   542,371 Net income $4,059,776  $2,728,186          Earnings per common share $0.