Company: CMTV
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001654954-25-005620
Chunk: 6

Company: COMMUNITY BANCORP /VT
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 6
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,773)  0 Proceeds from redemption of restricted equity securities  301,200   1,424,800 Purchases of restricted equity securities  (441,700)  (1,759,800)Increase in loans, net  (12,400,654)  (21,073,009)Capital expenditures net of proceeds from sales of bank        premises and equipment  (274,509)  (292,650)Recoveries of loans charged off  12,098   17,746 Net cash used in investing activities  (18,415,826)  (13,516,372)

 7Table of Contents

  2025  2024        Cash Flows from Financing Activities:      Net decrease in demand and interest-bearing transaction accounts  (18,117,210)  (23,157,006)Net decrease in money market and savings accounts  (6,390,829)  (2,183,259)Net increase in time deposits  2,519,243   12,127,167 Net decrease in repurchase agreements  (4,511,453)  (9,089,673)Net (decrease) increase in short-term borrowings  (41,500,000)  25,600,000 Proceeds from long-term borrowings  5,000,000   5,000,000 Decrease in finance lease obligations  (58,018)  (56,229)Shares purchased through stock buyback program  (35,380)  0 Dividends paid on preferred stock  (28,125)  (31,875)Dividends paid on common stock  (973,406)  (905,897)Net cash (used in) provided by financing activities  (64,095,178)  7,303,228          Net decrease in cash and cash equivalents  (82,128,480)  (4,518,116)Cash and cash equivalents:        Beginning  110,940,202   20,434,513 Ending $28,811,722  $15,916,397          Supplemental Schedule of Cash Paid During the Period:        Interest $7,