Company: CMTV
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001654954-25-005620
Chunk: 65

Company: COMMUNITY BANCORP /VT
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 65
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 1,100,000   10,627,441 Residential real estate - 1st lien  649,574   2,443,590   17,138,619   118,827,437   139,059,220 Residential real estate - Jr lien  898,901   543,759   12,454,795   17,662,719   31,560,174 Consumer  68,550   121,675   239,167   0   429,392 Total Loans $26,028,929  $30,287,690  $160,794,335  $462,110,637  $679,221,591 

 (1)Consists of commercial loans totaling $13 thousand within 1 year; $2.9 million in 2 – 5 years and $833 thousand in 6 – 15 years and consumer loans of $0, $197 thousand and $3.3 million in those maturity categories, respectively.

The Company experienced solid growth in the CRE loan portfolios, which is consistent with its strategic focus on commercial lending. Commercial & industrial, purchased, CRE and municipal loans collectively comprised 71.9% of the Company’s loan portfolio as of March 31, 2025, compared to 72.3% as of December 31, 2024. The largest components of the CRE portfolio were $128.3 million in owner-occupied CRE and $151.9 million in non-owner occupied CRE as of March 31, 2025, compared to $125.5 million and 154.6 million, respectively, as of December 31, 2024.

Risk in the Company’s commercial & industrial and CRE loan portfolios is mitigated in part by government guarantees issued by federal agencies such as the SBA and RD. As of March 31, 2025, the Company had $25.3 million in guaranteed loans with guaranteed balances of $17.1 million, compared to $25.5 million in guaranteed loans with guaranteed balances of $17.2 million as of December 31, 2024. PPP loans with outstanding balances of $33 thousand as of March 31, 2025, and $43 thousand as of December 31, 2024, are included in these totals, all of which carry a 100% guarantee through the SBA, subject to