Company: CMTV
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001654954-25-013041
Chunk: 113

Company: COMMUNITY BANCORP /VT
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 2
Chunk 113
---
 30, 2025 and 2024, the average yield on interest-earning assets increased 26 bps and 28 bps for the three- and nine-month periods and the average rate paid on interest-bearing liabilities decreased 27 bps and 11 bps, respectively.  Net interest spread increased 53 bps and 39 bps, respectively, for the three- and nine-month periods ended September 30, 2025 versus the same periods in 2024, and the net interest margin increased 50 bps and 39 bps, respectively.

The following table summarizes the variances in interest income and interest expense on a fully tax-equivalent basis for the interim periods presented for 2025 and 2024 resulting from volume changes in daily average assets and daily average liabilities and fluctuations in average rates earned and paid.

  Three Months Ended September 30, 2025  Nine Months Ended September 30, 2025   Compared to  Compared to   Three Months Ended September 30, 2024  Nine Months Ended September 30, 2024   Variance  Variance    Variance  Variance     Due to  Due to  Total  Due to  Due to  Total   Rate (1)  Volume (1)  Variance  Rate (1)  Volume (1)  Variance                    Average Interest-Earning Assets                                     Loans, net $457,678  $1,000,930  $1,458,608  $1,495,283  $3,245,097  $4,740,380 Taxable investment securities  133,213   (102,419)  30,794   268,512   (334,998)  (66,486)Tax-exempt investment securities  5,895   (5,895)  0   10,975   (10,975)  0 Federal funds sold and overnight deposits  (30,194)  (18,269)  (48,463)  (107,737)  312,696   204,959 Other investments  (7,310)  11,659   4,349   (23,751