Company: CMTV
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001654954-25-009542
Chunk: 18

Company: COMMUNITY BANCORP /VT
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 18
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   100.00%                 ACL  (10,549,531)      (9,810,212)    Deferred net loan costs  706,510       648,695     Net loans $931,919,974      $918,779,288       (1)As of June 30, 2025, purchased loans consisted of $3.5 million in commercial loans and $8.1 million in consumer loans, compared to $4.0 million and $3.8 million, respectively, as of December 31, 2024.  The Company purchased a block of consumer loans totaling $4.9 million during the second quarter ended June 30, 2025, and are included in the Purchased loan total in the table above and the consumer loan totals in the footnote. Accrued interest receivable on loans totaled $3.9 million and $3.8 million as of June 30, 2025, and December 31, 2024, respectively, and was reported in accrued interest receivable on the consolidated balance sheets and is excluded from the estimate of credit losses. Credit loss expense Three Months Ended June 30, 2025  2024        Credit loss expense - loans $394,622  $351,921 Credit loss (reversal) expense - OBS credit exposure  12,424   (20,339)Credit loss expense $407,046  $331,582  Six Months Ended June 30, 2025  2024        Credit loss expense - loans $813,496  $669,721 Credit reversal expense - OBS credit exposure  (81,396)  (24,560)Credit loss expense $732,100  $645,161 

 15Table of Contents

The following tables present the activity in the ACL on loans for the periods presented. For the three months ended June 30, 2025   Balance        Credit Loss  Balance   March 31        Expense  June 30   2025  Charge-offs  Recoveries  (Reversal)  2025                 Commercial & Industrial $703,236  $0  $7,477  $(13,588) $697,125 Purchased