Company: CMTV
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001654954-25-013041
Chunk: 8

Company: COMMUNITY BANCORP /VT
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 8
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  $1,500,000  $38,471,953  $58,948,585  $(12,420,781) $(2,622,777) $98,348,455 

*Accumulated other comprehensive loss

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

 8Table of Contents

Community Bancorp. and Subsidiary    Consolidated Statements of Cash Flows    (Unaudited) Nine Months Ended September 30,   2025  2024        Cash Flows from Operating Activities:      Net income $12,332,018  $8,665,338 Adjustments to reconcile net income to net cash provided by operating activities:        Depreciation and amortization, bank premises and equipment  782,239   780,718 Credit loss expense  990,853   1,105,906 Deferred income tax (benefit) provision  (11,389)  352,399 Gain on sale of loans  (80,495)  (66,682)Loss (gain) on sale of bank premises and equipment  7,839   (13,981)Income from CFS Partners  (1,388,678)  (979,747)Amortization of bond premium, net  34,695   158,121 Proceeds from sales of loans held for sale  3,724,595   3,972,232 Originations of loans held for sale  (4,913,308)  (3,905,550)Increase (decrease) in taxes payable  158,634   (388,763)Decrease (increase) in interest receivable  12,686   (106,384)Decrease in mortgage servicing rights  65,997   66,093 Decrease in right-of-use assets  178,394   144,684 Increase (decrease) in operating lease liabilities  279,239   (18,220)Decrease (increase) in other assets  31,633   (19,409)Increase in cash surrender value of BOLI  (60,289)  (64,253)Amortization of limited partnerships  638,604