Company: CMTV
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001654954-25-009542
Chunk: 103

Company: COMMUNITY BANCORP /VT
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 2
Chunk 103
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,894,542  $8,101,293 Effect of tax-exempt income  220,034   164,237 Net interest income, tax equivalent $10,114,576  $8,265,530 

Six Months Ended June 30, 2025  2024        Net interest income as presented $19,332,864  $16,458,939 Effect of tax-exempt income  437,573   317,209 Net interest income, tax equivalent $19,770,437  $16,776,148 

 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 June 30,   2025  2024         Average        Average   Average  Income/  Yield/  Average  Income/  Yield/   Balance  Expense  Rate  Balance  Expense  Rate Average Assets                  Loans, net (1) $941,386,340  $13,890,364   5.92% $864,882,180  $12,209,973   5.68%Taxable investment securities  153,071,042   948,048   2.48%  166,488,058   932,209   2.25%Tax-exempt investment securities  9,905,691   101,786   4.12%  10,267,118   101,786   3.99%Sweep and interest-earning accounts  6,167,063   71,857   4.67%  4,343,705   54,452   5.04%Other investments (2)  3,421,316   58,595   6.87%  3,179,253   63,270   8