Company: CMTV
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001654954-25-005620
Chunk: 114

Company: COMMUNITY BANCORP /VT
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 2
Chunk 114
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 with the FRBB regarding the program, as appropriate in the circumstances. As of March 31, 2025, 2,000 shares had been repurchased for an aggregate purchase price of $35,380.

The following table illustrates the changes in shareholders' equity from December 31, 2024, to March 31, 2025:

Balance as of December 31, 2024 (book value $17.24 per common share) $98,048,205 Net income  3,525,455 Issuance of common stock through the DRIP  363,539 Dividends declared on common stock  (1,343,515)Dividends declared on preferred stock  (28,125)Repurchase of shares through the stock buyback program  (35,380)Change in AOCI on AFS securities, net of tax  2,374,851 Balance as of March 31, 2025 (book value $18.05 per common share) $102,905,030 

As described in more detail in Note 22 to the audited consolidated financial statements contained in the Company’s 2024 Annual Report on Form 10-K and under the caption “LIQUIDITY AND CAPITAL RESOURCES” in the MD&A section of that report, the Company (on a consolidated basis) and the Bank are subject to various regulatory capital requirements administered by the federal banking agencies pursuant to which they must meet specific capital guidelines that involve quantitative measures of their assets, liabilities and certain off-balance-sheet items. Capital amounts and classifications are also subject to qualitative judgments by the regulators about components, risk weightings and other factors.

 46Table of Contents

As of March 31, 2025, the Bank was considered well capitalized under the standard regulatory capital framework for Prompt Corrective Action and the Company exceeded currently applicable consolidated regulatory guidelines for capital adequacy. 

The following table shows the Company’s actual capital ratios and those of its subsidiary, as well as currently applicable regulatory capital requirements, as of the balance sheet date:

              Minimum  Minimum         Minimum  For Capital  To Be Well         For Capital  Adequacy Purposes  Capitalized Under         Adequacy  with Conservation  Prompt Corrective   Actual  Purposes  Buffer (1)  Action Provisions (2)   Amount   Ratio