Company: CMTV
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001654954-25-005620
Chunk: 0

Company: COMMUNITY BANCORP /VT
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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The following are the unaudited consolidated financial statements for the Company.

Community Bancorp. and Subsidiary March 31,  December 31, Consolidated Balance Sheets 2025   2024    (Unaudited)          Assets      Cash and due from banks $13,380,817  $9,875,427 Federal funds sold and overnight deposits  15,430,905   101,064,775 Total cash and cash equivalents  28,811,722   110,940,202 Securities available-for-sale  168,286,294   159,697,420 Restricted equity securities, at cost  2,769,850   2,629,350 Loans held-for-sale  492,500   0 Loans  940,274,201   927,940,805 Allowance for credit losses  (10,173,926)  (9,810,212)Deferred net loan costs  677,645   648,695 Net loans  930,777,920   918,779,288 Bank premises and equipment, net  12,146,928   12,072,985 Accrued interest receivable  5,475,848   4,472,474 Bank owned life insurance  5,338,629   5,318,354 Goodwill  11,574,269   11,574,269 Other assets  22,183,502   23,445,787 Total assets $1,187,857,462  $1,248,930,129          Liabilities and Shareholders' Equity        Liabilities        Deposits:        Demand, non-interest bearing $197,500,239  $197,697,470 Interest-bearing transaction accounts  286,292,106   304,212,085 Money market funds  162,755,508   169,533,067 Savings  143,312,558   142,925,828 Time deposits, $250,000 and over  40,511,952   42,637,716 Other time deposits  149,283,599   144,638,592 Total deposits  979,655