Company: CMTV
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001654954-25-005620
Chunk: 17

Company: COMMUNITY BANCORP /VT
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 17
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 Recoveries  (Reversal)  2024                 Commercial & Industrial $1,100,688  $(137,684) $12,315  $103,637  $1,078,956 Purchased  37,065   0   0   (1,442)  35,623 Commercial Real Estate  5,522,082   0   0   208,450   5,730,532 Municipal  136,167   0   0   6,154   142,321 Residential Real Estate - 1st Lien  2,590,926   0   0   (16,585)  2,574,341 Residential Real Estate - Jr Lien  431,007   0   1,209   10,178   442,394 Consumer  24,790   (12,818)  4,222   7,407   23,601 Totals $9,842,725  $(150,502) $17,746  $317,799  $10,027,768  Credit Quality Grouping In developing the ACL, management uses credit quality groupings to help evaluate trends in credit quality. The Company groups credit risk into Groups A, B and C. The manner the Company utilizes to assign risk grouping is driven by loan purpose. Commercial purpose loans are individually risk graded while the retail portion of the portfolio is generally grouped by delinquency pool. Group A loans - Pass – are loans that are expected to perform as agreed under their respective terms. Such loans carry a normal level of risk that does not require management attention beyond that warranted by the loan or loan relationship characteristics, such as loan size or relationship size. Group A loans include commercial purpose loans that are individually risk rated and retail loans that are rated by pool. Group A retail loans include performing consumer and residential real estate loans. Residential real estate loans are loans to individuals secured by 1-4 family homes, including first mortgages, home equity and home improvement loans. Loan balances fully secured by deposit accounts or that are fully guaranteed by the federal government are considered acceptable risk. Group B loans – Special Mention - are loans that require greater attention than the acceptable risk loans in Group A. Characteristics of such loans may include