Company: CMTV
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001654954-25-009542
Chunk: 122

Company: COMMUNITY BANCORP /VT
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 2
Chunk 122
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 of the Company’s loan balances as of June 30, 2025, compared to 27.4% as of December 31, 2024.  The Company maintains a residential mortgage loan portfolio of traditional mortgage products and does not offer higher risk loan products, such as option adjustable-rate mortgage products, high loan-to-value products, interest only mortgages, subprime loans and products with deeply discounted teaser rates.  Residential mortgages with loan-to-value ratios exceeding 80% are generally covered by PMI.  A 90% loan-to-value residential mortgage product without PMI is only available to borrowers with excellent credit and low debt-to-income ratios and has not been widely originated.  As of June 30, 2025, junior lien home equity products made up 14.4% of the residential mortgage portfolio with maximum loan-to-value ratios (including prior liens) of 80%.  The Company also originates some home equity loans with loan-to-value ratios greater than 80% under an insured loan program with stringent underwriting criteria.

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The following tables show the estimated maturities within the Company’s loan portfolio as of June 30, 2025.

  Fixed Rate Loans   Within  2 - 5  6 - 15  Over      1 Year  Years  Years  15 Years  Total                 Commercial & industrial $4,868,092  $27,007,486  $26,695,700  $0  $58,571,278 Purchased (1)  6,348   3,148,348   8,412,056   0   11,566,752 Commercial real estate  15,756,215   8,460,478   17,867,147   1,159,603   43,243,443 Municipal  20,242,880   4,288,033   5,403,270   0   29,934,183 Residential real estate - 1st lien  296,364   2,637,506   22,597,527   58,884,238   84,415,635 Residential real estate - Jr lien  64,364   414,764   4,168,050   62,428   4,