Company: CMTV
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001654954-25-013041
Chunk: 110

Company: COMMUNITY BANCORP /VT
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 2
Chunk 110
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 of unearned discount and ACL, and include loans held-for-sale and tax-exempt loans to local municipalities with average balances of $67,278,699 and $59,218,512 for the nine months ended September 30, 2025 and 2024, respectively.  (2)Included in other investments is the Company’s FHLBB Stock with average balances of $2,335,653 and $1,840,201, respectively, with a dividend rate of approximately 7.18% and 8.52%, respectively, for the nine months ended September 30, 2025 and 2024, respectively.  (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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The average volume of interest-earning assets for the three- and nine-month periods ended September 30, 2025 increased 4.7% and 6.2%, respectively, compared to the same periods last year, and the average yield on interest-earning assets increased 26 bps and 28 bps in the respective periods.

The average volume of loans increased over the three- and nine-month comparison periods of 2025 versus 2024 by 7.8% and 8.8%, respectively, and the average yield on loans increased 18 bps and 22 bps, respectively.  Loans accounted for 84.6% and 84.0% of the average interest-earning asset portfolio for the three- and nine-month periods ended September 30, 2025, compared to 82.2% and 82.0%, respectively, for the same periods last year.  Interest earned on the loan portfolio as a percentage of total interest income was 92.1% and 91.8%, respectively, for the three- and nine-month periods in 2025 compared to 91.2% and 91.1%, respectively, for the same periods in 2024.

The average volume of the taxable investment portfolio (classified as AFS) decreased 10.1% and 11.0%, respectively, during the three- and nine-month periods ended September 30, 2025, compared to the same periods last year, while the average yield increased 32 bps and 21 bps, respectively, between periods