Company: CMTV
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001654954-25-009542
Chunk: 4

Company: COMMUNITY BANCORP /VT
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 4
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390 Occupancy expenses, net  1,576,307   1,416,733 Other expenses  4,807,731   4,555,593 Total non-interest expense  13,171,010   12,571,716          Income before income taxes  9,067,074   6,648,386 Income tax expense  1,481,843   1,097,299 Net income $7,585,231  $5,551,087          Earnings per common share $1.34  $0.99 Weighted average number of common shares used in computing earnings per share  5,608,997   5,531,524 Dividends declared per common share $0.48  $0.46 

The accompanying notes are an integral part of these unaudited interim consolidated financial statements.

 5Table of Contents

Community Bancorp. and Subsidiary      Consolidated Statements of Comprehensive Income      (Unaudited) Three Months Ended June 30,   2025   2024        Net income $4,059,776  $2,728,186          Other comprehensive income, net of tax:        Unrealized holding gain on securities AFS arising during the period  1,157,124   202,597 Tax effect  (242,996)  (42,547)Other comprehensive income, net of tax  914,128   160,050 Total comprehensive income $4,973,904  $2,888,236 

  Six Months Ended June 30,   2025   2024        Net income $7,585,231  $5,551,087          Other comprehensive income, net of tax:        Unrealized holding gain (loss) on securities AFS arising during the period  4,163,265   (1,706,273)Tax effect  (874,286)  358,315 Other comprehensive income (loss), net of tax  3,288,979   (1,347,958)Total comprehensive income $10,874,210  $4,203,129 

The accompanying notes are an integral part of these unaudited