Company: CMTV
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001654954-25-005620
Chunk: 109

Company: COMMUNITY BANCORP /VT
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 2
Chunk 109
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10,338,317          Commercial real estate  0.00%  0.00%Net charge-offs during the period $0  $0 Average amount outstanding $475,662,950  $420,107,132          Municipal  0.00%  0.00%Net charge-offs during the period $0  $0 Average amount outstanding $68,300,830  $56,602,242          Residential real estate - 1st lien  0.00%  0.00%Net charge-offs during the period $(266) $0 Average amount outstanding $221,894,338  $209,083,019          Residential real estate - Jr lien  0.00%  0.00%Net recoveries during the period $0  $1,209 Average amount outstanding $36,102,853  $31,530,286          Consumer  -0.76%  -0.27%Net charge-offs during the period $(24,313) $(8,596)Average amount outstanding $3,203,613  $3,159,725          Total loans  -0.01%  -0.02%Net charge-offs during the period $(55,160) $(132,756)Average amount outstanding $939,108,245  $856,247,544 

In addition to credit risk in the Company’s loan and investment portfolios and its off-balance sheet commitments, and liquidity risk in its loan and deposit-taking operations, the Company’s business activities also generate market risk. Market risk is the risk of loss in a financial instrument arising from adverse changes in market prices and rates, foreign currency exchange rates, commodity prices and equity prices. Declining capital markets and changes in interest rates can result in fair value adjustments to asset valuations or the need to create a related reserve or allowance. The Company does not have any market risk sensitive instruments acquired for trading purposes. The Company’s market risk arises primarily from interest rate risk inherent in its lending, deposit taking and investment activities. During recessionary periods, a declining housing market can result in an increase in loan loss reserves or ultimately an increase in foreclosures and credit-related losses. Interest rate risk is directly related to the different maturities