Company: CMTV
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001654954-25-009542
Chunk: 111

Company: COMMUNITY BANCORP /VT
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 2
Chunk 111
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2025, respectively, compared to the same periods in 2024.

 37Table of Contents

In summary, between the three- and six-month periods ended June 30, 2025 and 2024, the average yield on interest-earning assets increased 31 bps in both periods and the average rate paid on interest-bearing liabilities decreased 18 bps and four bps, respectively.  Net interest spread increased 49 bps and 35 bps, respectively, for the three- and six-month periods ended June 30, 2025 versus the same periods in 2024, and the net interest margin increased 47 bps and 34 bps, respectively.

The following table summarizes the variances in interest income and interest expense on a fully tax-equivalent basis for the interim periods presented for 2025 and 2024 resulting from volume changes in daily average assets and daily average liabilities and fluctuations in average rates earned and paid.

  Three Months Ended June 30, 2025  Six Months Ended June 30, 2025   Compared to  Compared to   Three Months Ended June 30, 2024  Six Months Ended June 30, 2024   Variance  Variance    Variance  Variance     Due to  Due to  Total  Due to  Due to  Total   Rate (1)  Volume (1)  Variance  Rate (1)  Volume (1)  Variance                    Average Interest-Earning Assets                                     Loans, net $599,968  $1,080,423  $1,680,391  $1,045,494  $2,236,279  $3,281,773 Taxable investment securities  98,797   (82,958)  15,839   135,626   (232,907)  (97,281)Tax-exempt investment securities  3,712   (3,712)  0   5,098   (5,098)  0 Sweep and interest-earning accounts  (5,444)  22,849   17,405   (78,345)  331,766   253,421 Other investments  (