Company: CMTV
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001654954-25-005620
Chunk: 99

Company: COMMUNITY BANCORP /VT
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 2
Chunk 99
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5 and 2024.  These investments provide tax benefits, including tax credits, and are designed to provide a targeted effective annual yield between 5% and 7%.

CHANGES IN FINANCIAL CONDITION

The following table reflects the composition of the Company's major categories of assets and liabilities as a percentage of total assets or liabilities and shareholders’ equity, as of the balance sheet dates:

  March 31, 2025  December 31, 2024 Assets            Loans $940,274,201   79.16% $927,940,805   74.30%AFS securities  168,286,294   14.17%  159,697,420   12.79%                 Liabilities                Demand deposits  197,500,239   16.63%  197,697,470   15.83%Interest-bearing transaction accounts  286,292,106   24.10%  304,212,085   24.36%Money market funds  162,755,508   13.70%  169,533,067   13.57%Savings deposits  143,312,558   12.06%  142,925,828   11.44%Time deposits  189,795,551   15.98%  187,276,308   14.99%Long-term advances  36,100,000   3.04%  72,600,000   5.81%

The following table reflects the changes in the composition of the Company's major categories of assets and liabilities between the balance sheet dates, as disclosed in the table above:

  Volume Change  Percentage Assets      Loans $12,333,396   1.33%AFS securities  8,588,874   5.38%         Liabilities        Demand deposits  (197,231)  -0.10%Interest-bearing transaction accounts  (17,919,979)  -5.89%Money market funds  (6,777,559)  -4.00%Savings deposits  386,730   0.27%Time deposits  2,519,243   1.35%Long-term advances  (36,500