Company: CMTV
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001654954-25-013041
Chunk: 82

Company: COMMUNITY BANCORP /VT
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 82
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.00%Net charge-offs during the period $0  $0 Average amount outstanding $10,039,836  $9,521,419          Commercial real estate  0.00%  -0.03%Net charge-offs during the period $0  $(126,393)Average amount outstanding $482,707,363  $433,341,367          Municipal  0.00%  0.00%Net charge-offs during the period $0  $0 Average amount outstanding $67,278,699  $59,218,512          Residential real estate - 1st lien  0.00%  0.00%Net charge-offs during the period $(10,306) $0 Average amount outstanding $224,999,628  $210,534,364          Residential real estate - Jr lien  0.00%  0.05%Net recoveries during the period $0  $15,537 Average amount outstanding $37,667,988  $31,908,746          Consumer  -1.78%  -2.02%Net charge-offs during the period $(47,792) $(64,452)Average amount outstanding $2,677,769  $3,192,650          Total loans  -0.01%  -0.16%Net charge-offs during the period $(52,704) $(1,378,949)Average amount outstanding $949,795,895  $873,957,928 

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