Company: CMTV
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001654954-25-009542
Chunk: 86

Company: COMMUNITY BANCORP /VT
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 86
---
 with the FRBB regarding the program, as appropriate in the circumstances. As of June 30, 2025, 29,813 shares had been repurchased since the inception of the program, for an aggregate purchase price of $548,218.

The following table illustrates the changes in shareholders' equity from December 31, 2024, to June 30, 2025:

Balance as of December 31, 2024 (book value $17.24 per common share) $98,048,205 Net income  7,585,231 Issuance of common stock through the DRIP  715,681 Dividends declared on common stock  (2,690,221)Dividends declared on preferred stock  (56,250)Repurchase of shares through the stock buyback program  (548,218)Change in AOCI on AFS securities, net of tax  3,288,979 Balance as of June 30, 2025 (book value $18.69 per common share) $106,343,407 

As described in more detail in Note 22 to the audited consolidated financial statements contained in the Company’s 2024 Annual Report on Form 10-K and under the caption “LIQUIDITY AND CAPITAL RESOURCES” in the MD&A section of that report, the Company (on a consolidated basis) and the Bank are subject to various regulatory capital requirements administered by the federal banking agencies pursuant to which they must meet specific capital guidelines that involve quantitative measures of their assets, liabilities and certain off-balance-sheet items.  Capital amounts and classifications are also subject to qualitative judgments by the regulators about components, risk weightings and other factors.

 49Table of Contents

As of June 30, 2025, the Bank was considered well capitalized under the standard regulatory capital framework for Prompt Corrective Action and the Company exceeded currently applicable consolidated regulatory guidelines for capital adequacy. 

The following table shows the Company’s actual capital ratios and those of its subsidiary, as well as currently applicable regulatory capital requirements, as of the balance sheet dates:  

          Minimum  Minimum       Minimum  For Capital  To Be Well       For Capital  Adequacy Purposes  Capitalized Under       Adequacy  with Conservation  Prompt Corrective   Actual  Purposes  Buffer (1)  Action