Company: CMTV
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001654954-25-005620
Chunk: 40

Company: COMMUNITY BANCORP /VT
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 40
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 202,531   202,531 Residential real estate - Jr lien  35,400   0   0   34,923   34,923 Consumer  3,027   0   0   3,055   3,055 MSRs (1)  704   0   1,165   0   1,165 Accrued interest receivable  4,472   0   4,472   0   4,472                      Financial liabilities:                    Deposits                    Other deposits  987,832   0   986,544   0   986,544 Brokered deposits  13,813   0   13,899   0   13,899 Short-term advances  41,500   0   41,505   0   41,505 Long-term advances  31,100   0   31,104   0   31,104 Repurchase agreements  48,944   0   48,944   0   48,944 Operating lease obligations  371   0   371   0   371 Finance lease obligations  3,198   0   3,198   0   3,198 Subordinated debentures  12,887   0   12,750   0   12,750 Accrued interest payable  2,409   0   2,409   0   2,409  (1) Reported fair value represents all MSRs for loans serviced by the Company, regardless of carrying amount.

Note 9. Legal Proceedings In the normal course of business, the Company is involved in litigation that is considered incidental to its business. Management does not expect that any such litigation will be material to the Company's consolidated financial condition or results of operations.

Note 10. Subsequent Events The Company has evaluated events and transactions through the date that the financial statements were issued for potential recognition or disclosure in these financial statements, as required by GAAP. On March 19, 2025, the Company’s Board declared a cash dividend of $0.24 per common share, payable May 1, 2025, to shareholders of record as of April