Company: CMTV
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001654954-25-009542
Chunk: 31

Company: COMMUNITY BANCORP /VT
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 31
---
  0   0   0   7,808,877   7,808,877 Commercial real estate  711,925   25,050   736,975   471,415,882   472,152,857 Municipal  0   0   0   67,087,399   67,087,399 Residential real estate - 1st lien  2,471,244   1,306,019   3,777,263   214,313,630   218,090,893 Residential real estate - Jr lien  88,514   0   88,514   35,602,667   35,691,181 Consumer  13,151   0   13,151   3,040,795   3,053,946 Totals $3,534,411  $2,617,990  $6,152,401  $921,788,404  $927,940,805  For all loan segments, loans over 30 days past due are considered delinquent. The following table presents the amortized cost basis of collateral-dependent loans (e.g. repayment expected through underlying collateral, no other expected sources of repayment) as of the balance sheet dates, by collateral type:   Business      Assets (1)  Real Estate June 30, 2025      Commercial & industrial $60,632  $0 Residential real estate - 1st lien  0   576,394 Totals $60,632  $576,394          December 31, 2024        Residential real estate - 1st lien $0  $593,678 Totals $0  $593,678  (1) Including, but not limited to, inventory, equipment, and accounts receivable, but excluding real estate. Residential real estate loans in process of foreclosure comprised of one loan in the amount of $88,780 as of December 31, 2024. There were no residential real estate loans in process of foreclosure at June 30, 2025. Allowance for credit losses Credit losses are charged against the allowance when management believes that future payments of a loan balance are unlikely.