Company: CMTV
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001654954-25-013041
Chunk: 59

Company: COMMUNITY BANCORP /VT
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 59
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053,702         Other liabilities  9,197,867           6,360,779         Total liabilities  1,081,269,131           1,039,114,353         Shareholders' equity  108,208,233           94,622,243         Total liabilities and shareholders' equity $1,189,477,364          $1,133,736,596                                  Net interest income     $10,709,481          $8,864,513     Net interest spread (3)          3.28%          2.75%Net interest margin (4)          3.79%          3.29%

(1)Included in net loans are non-accrual loans with average balances of $8,393,522 and $5,324,960 for the three months ended September 30, 2025 and 2024, respectively. Loans are stated net of unearned discount and ACL, and include loans held-for-sale and include tax-exempt loans to local municipalities with average balances of $64,779,406 and $62,393,304 for the three months ended September 30, 2025 and 2024, respectively.  (2)Included in other investments is the Company’s FHLBB Stock with average balances of $2,815,026 and $2,217,295 for the three months ended September 30, 2025 and 2024, respectively, with a dividend rate of approximately 7.38% and 8.41%, respectively, per quarter.  (3)Net interest spread is the difference between the average yield on average interest-earning assets and the average rate paid on average interest-bearing liabilities.  (4)Net interest margin is net interest income divided by average earning assets.

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  Nine Months Ended September 30,   2025  2024       Average      Average   Average  Income/  Yield/  Average  Income/  Yield/   Balance  Expense  Rate  Balance  Expense  Rate Average Assets                  Loans, net (1) $940,370,172  $41,680,607   5.93% $864,456