Company: CMTV
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001654954-25-013041
Chunk: 19

Company: COMMUNITY BANCORP /VT
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 19
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269)      (9,810,212)    Deferred net loan costs  738,390       648,695     Net loans  $951,851,630      $918,779,288      (1)As of September 30, 2025, purchased loans consisted of $3.2 million in commercial loans and $7.6 million in consumer loans, compared to $4.0 million and $3.8 million, respectively, as of December 31, 2024.  The Company purchased a block of consumer loans totaling $4.9 million during the quarter ended June 30, 2025, which is reflected in the September 30, 2025 Purchased loan total in the table above and the related consumer loan total in the footnote. Accrued interest receivable on loans totaled $3.9 million and $3.8 million as of September 30, 2025, and December 31, 2024, respectively, and was reported in accrued interest receivable on the consolidated balance sheets and is excluded from the estimate of credit losses. Credit loss expense Three Months Ended September 30, 2025  2024        Credit loss expense - loans $198,264  $406,955 Credit loss expense - OBS credit exposure  60,489   53,790 Credit loss expense $258,753  $460,745  Nine Months Ended September 30, 2025  2024        Credit loss expense - loans $1,011,761  $1,076,676 Credit (reversal) loss expense - OBS credit exposure  (20,908)  29,230 Credit loss expense $990,853  $1,105,906 

 15Table of Contents

 The following tables present the activity in the ACL on loans for the periods presented. For the three months ended September 30, 2025   Balance        Credit Loss  Balance   June 30,        Expense  September 30,   2025  Charge-offs  Recoveries  (Reversal)  2025                 Commercial & Industrial $697,125  $(7,645) $36,142  $(73,813) $651,809 Purchased