Company: CMTV
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001654954-25-009542
Chunk: 12

Company: COMMUNITY BANCORP /VT
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 12
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Note 3.  Earnings per Common Share Earnings per common share amounts are computed based on the weighted average number of shares of common stock issued during the period (retroactively adjusted for stock splits and stock dividends, if any), including Dividend Reinvestment Plan shares issuable upon reinvestment of dividends declared, and reduced for shares held in treasury. The following tables illustrate the calculation of earnings per common share for the periods presented, as adjusted for the cash dividends declared on the preferred stock: Three Months Ended June 30, 2025  2024        Net income, as reported $4,059,776  $2,728,186 Less: dividends to preferred shareholders  28,125   31,875 Net income available to common shareholders $4,031,651  $2,696,311          Weighted average number of common shares used in calculating earnings per share  5,612,675   5,541,540 Earnings per common share $0.72  $0.49  Six Months Ended June 30, 2025  2024        Net income, as reported $7,585,231  $5,551,087 Less: dividends to preferred shareholders  56,250   63,750 Net income available to common shareholders $7,528,981  $5,487,337          Weighted average number of common shares used in calculating earnings per share  5,608,997   5,531,524 Earnings per common share $1.34  $0.99 

Note 4.  Investment Securities Debt securities AFS as of the balance sheet dates consisted of the following:      Gross  Gross      Amortized  Unrealized  Unrealized  Fair   Cost  Gains  Losses  Value June 30, 2025            U.S. GSE debt securities $12,000,000  $0  $741,213  $11,258,787 U.S. Government securities  17,546,006   0   433,810   17,112,196 Taxable Municipal securities  300,000   0   41,209   258