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

Company: COMMUNITY BANCORP /VT
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 15
---
 940,274,201   100.00%  927,940,805   100.00%                 ACL  (10,173,926)      (9,810,212)    Deferred net loan costs  677,645       648,695     Net loans $930,777,920      $918,779,288       (1)As of March 31, 2025, purchased loans consisted of $3.7 million in commercial loans and $3.5 million in consumer loans, compared to $4.0 million and $3.8 million, respectively, as of December 31, 2024.  The Company did not purchase any loans during the three months ended March 31, 2025. Accrued interest receivable on loans totaled $4.9 million and $3.8 million as of March 31, 2025, and December 31, 2024, respectively, and was reported in accrued interest receivable on the consolidated balance sheets and is excluded from the estimate of credit losses. Credit loss expense Three Months Ended March 31, 2025  2024        Credit loss expense - loans $418,874  $317,799 Credit loss reversal - OBS credit exposure  (93,820)  (4,220)Credit loss expense $325,054  $313,579  The following tables present the activity in the ACL on loans for the periods presented. For the three months ended March 31, 2025   Balance        Credit Loss  Balance   December 31,        Expense  March 31,   2024  Charge-offs  Recoveries  (Reversal)  2025                 Commercial & Industrial $727,488  $(38,872) $8,291  $6,329  $703,236 Purchased  22,415   0   0   (1,880)  20,535 Commercial Real Estate  6,487,700   0   0   (78,197)  6,409,503 Municipal  167,719   0   0   8,390   176,109 Residential Real Estate -