Company: CMTV
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001654954-25-005620
Chunk: 55

Company: COMMUNITY BANCORP /VT
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 55
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 the net interest margin increased 20 bps between comparison periods.

 34Table of Contents

The following table summarizes the variances in interest income and interest expense on a fully tax-equivalent basis for the interim periods presented for 2025 and 2024 resulting from volume changes in daily average assets and daily average liabilities and fluctuations in average rates earned and paid.

  Three Months Ended March 31, 2025   Compared to   Three Months Ended March 31, 2024   Variance  Variance      Due to  Due to  Total   Rate (1)  Volume (1)  Variance           Average Interest-Earning Assets                   Loans, net $444,993  $1,156,388  $1,601,381 Taxable investment securities  33,835   (146,953)  (113,118)Tax-exempt investment securities  1,402   (1,402)  0 Sweep and interest-earning accounts  (80,881)  316,896   236,015 Other investments  (6,552)  12,058   5,506 Total $392,797  $1,336,987  $1,729,784              Average Interest-Bearing Liabilities                         Interest-bearing transaction accounts $(25,440) $39,403  $13,963 Money market funds  206,468   234,097   440,565 Savings deposits  (1,186)  (1,545)  (2,731)Time deposits  182,871   471,067   653,938 Repurchase agreements  12,900   74,167   87,067 Borrowed funds  (89,559)  (483,975)  (573,534)Finance lease obligations  (17)  (1,288)  (1,305)Junior subordinated debentures  (33,424)  0   (33,424)Total $252,613  $331,926  $584,539              Changes in net interest income $140,184  $1,005,