Company: CMTV
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001654954-25-013041
Chunk: 105

Company: COMMUNITY BANCORP /VT
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 2
Chunk 105
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 equivalent $10,709,481  $8,864,513 

Nine Months Ended September 30, 2025  2024        Net interest income as presented $29,843,855  $25,120,862 Effect of tax-exempt income  636,065   519,800 Net interest income, tax equivalent $30,479,920  $25,640,662 

 34Table of Contents

The following tables present the daily average assets and the daily average liabilities, including the average yields on interest-earning assets and average expense on interest-bearing liabilities for the comparison periods presented. Interest income (excluding interest on non-accrual loans) is expressed on a tax equivalent basis, both in dollars and as a yield/rate for the comparison periods presented.  Net interest income, net interest spread, and net interest margin are also expressed on a tax equivalent basis.

  Three Months Ended September 30,   2025  2024       Average      Average   Average  Income/  Yield/  Average  Income/  Yield/   Balance  Expense  Rate  Balance  Expense  Rate Average Assets                  Loans, net (1) $949,650,983  $14,379,047   6.01% $881,349,804  $12,920,439   5.83%Taxable investment securities  145,328,511   912,616   2.49%  161,647,230   881,822   2.17%Tax-exempt investment securities  9,775,094   101,786   4.13%  10,341,406   101,786   3.92%Federal funds sold and overnight deposits  13,566,936   153,496   4.49%  15,181,231   201,959   5.29%Other investments (2)  3,880,176   68,400   6.99%  3,282,445   64,051   7.76%Total interest-earning assets $1,122,201,700  $15,615,345   5.52% $