Company: CMTV
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001654954-25-013041
Chunk: 18

Company: COMMUNITY BANCORP /VT
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 18
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 to sell, nor was it more likely than not that we would be required to sell any of the debt securities AFS in an unrealized loss position as of such dates prior to recovery. Management determined that no individual debt securities in an unrealized loss position represented credit losses that would require an allowance for credit losses, and that the unrealized losses as of the balance sheet dates were primarily attributed to increases in market interest rates since these securities were purchased under other market conditions.  Accordingly, there was no ACL on AFS debt securities as of September 30, 2025, or December 31, 2024. Accrued interest receivable on AFS debt securities which totaled $436,867 and $509,429 on September 30, 2025, and December 31, 2024, respectively, was reported in accrued interest receivable on the consolidated balance sheets and is excluded from the estimate of credit losses.

 14Table of Contents

Note 5.  Loans, Allowance for Credit Losses, Credit Quality and Off-Balance Sheet Credit Exposures The composition of net loans as of the balance sheet dates was as follows:   September 30, 2025  December 31, 2024              Commercial & industrial $124,174,895   12.91% $124,055,652   13.37%Purchased (1)  10,769,907   1.12%  7,808,877   0.84%Commercial real estate  481,332,182   50.04%  472,152,857   50.88%Municipal  70,090,106   7.29%  67,087,399   7.23%Residential real estate - 1st lien  229,730,996   23.88%  218,090,893   23.50%Residential real estate - Jr lien  42,769,310   4.45%  35,691,181   3.85%Consumer  3,015,113   0.31%  3,053,946   0.33%Total loans   961,882,509   100.00%  927,940,805   100.00%                 ACL  (10,769,