Company: CMTV
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001654954-25-005620
Chunk: 11

Company: COMMUNITY BANCORP /VT
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 11
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 10Table of Contents

The Company had investments in Agency MBS exceeding 10% of shareholders’ equity with a book value of $131.6 million and $119.5 million, respectively, and a fair value of $117.0 million and $102.3 million, respectively, as of March 31, 2025 and December 31, 2024. Investment securities pledged as collateral for repurchase agreements consisted of certain U.S. GSE debt securities, Agency MBS, ABS and OAS, and CMO.  These repurchase agreements mature daily.  The aggregate amortized cost and fair value of these pledged investments as of the balance sheet dates were as follows:   Amortized  Fair   Cost  Value        March 31, 2025 $64,092,467  $56,097,212 December 31, 2024  61,463,021   52,603,659  Investment securities pledged as collateral for BTFP borrowings as of December 31, 2024, consisted of U.S. Government securities and U.S. GSE debt securities. The aggregate amortized cost and fair value of these pledged investments were as follows:   Amortized  Fair   Cost  Value        December 31, 2024 $58,548,143  $52,695,867  There were no investment securities pledged as collateral for BTFP borrowings as of March 31, 2025, all of which matured and were repaid during the first quarter of 2025. There were no sales of debt securities during the first three months of 2025 or 2024. The scheduled maturities of debt securities as of the balance sheet dates were as follows:   Amortized  Fair   Cost  Value March 31, 2025      Due in one year or less $16,945,242  $16,741,136 Due from one to five years  23,664,470   22,457,319 Due from five to ten years  1,815,947   1,553,895 Due after ten years  11,213,136   10,511,189 Agency MBS  131,612,017   117,022,755 Total