Company: CMTV
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001654954-25-005620
Chunk: 7

Company: COMMUNITY BANCORP /VT
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 7
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002,099  $4,301,025          Supplemental Schedule of Noncash Investing and Financing Activities:        Change in unrealized gain (loss) on securities AFS $3,006,141  ($1,908,870)          Additions to operating lease liabilities $115,204  $0          Investment in limited partnerships, not yet paid $4,356,000  $0          Common Shares Dividends Paid:        Dividends declared $1,343,515  $1,268,320 Increase in dividends payable attributable to dividends declared  (6,570)  (1,972)Dividends reinvested  (363,539)  (360,451)Total dividends paid $973,406  $905,897 

The accompanying notes are an integral part of these unaudited interim consolidated financial statements. 

 8Table of Contents

Notes to Consolidated Financial Statements

Note 1. Basis of Presentation and Consolidation and Certain Definitions Basis of Presentation and Consolidation. The interim consolidated financial statements of Community Bancorp. and Subsidiary are unaudited. All significant intercompany balances and transactions have been eliminated in consolidation. In the opinion of management, all adjustments necessary for the fair presentation of the consolidated financial condition and results of operations of the Company and its subsidiary, Community National Bank (the Bank), contained herein have been made. The unaudited interim consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto for the year ended December 31, 2024, contained in the Company's Annual Report on Form 10-K. The results of operations for the interim period are not necessarily indicative of the results of operations to be expected for any other interim period or for the full annual period ending December 31, 2025. The Company is considered a “smaller reporting company” and a “non-accelerated filer” under the disclosure rules of the SEC. Accordingly, the Company has elected to provide smaller reporting company scaled disclosures where management deems it appropriate, and to provide its audited consolidated statements of income, comprehensive income, cash flows and changes in shareholders’ equity for a two year, rather than a three year, period is considered a “smaller reporting company” under the disclosure rules of the SEC, as amended in 2018