Company: CMTV
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001654954-25-005620
Chunk: 5

Company: COMMUNITY BANCORP /VT
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 5
---
$3,525,455  $2,822,901 Adjustments to reconcile net income to net cash provided by operating activities:        Depreciation and amortization, bank premises and equipment  256,686   258,219 Credit loss expense  325,054   313,579 Deferred income tax (benefit) provision  (102,112)  165,056 Gain on sale of loans  (13,258)  (12,092)Loss (gain) on sale of bank premises and equipment  7,839   (13,981)Income from CFS Partners  (249,350)  (294,327)Amortization of bond premium, net  29,528   53,550 Proceeds from sales of loans held for sale  417,133   690,092 Originations of loans held for sale  (896,375)  (1,119,000)Increase in taxes payable  552,056   240,670 Increase in interest receivable  (1,003,374)  (606,028)Decrease in mortgage servicing rights  28,432   22,276 Decrease in right-of-use assets  51,245   44,281 Decrease in operating lease liabilities  (45,563)  (48,495)Decrease (increase) in other assets  189,101   (143,424)Increase in cash surrender value of BOLI  (20,275)  (20,155)Amortization of limited partnerships  212,868   149,202 Change in net deferred loan fees and costs  (28,950)  (15,926)(Decrease) increase in interest payable  (1,915,911)  200,624 Decrease in accrued expenses  (969,079)  (1,069,838)Increase in other liabilities  31,374   77,844 Net cash provided by operating activities  382,524   1,695,028          Cash Flows from Investing Activities:        Investments - AFS        Maturities, calls, pay downs and sales  9,359,512   8,166,541 Purchases  (14,971