Company: CMTV
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001654954-25-009542
Chunk: 7

Company: COMMUNITY BANCORP /VT
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 7
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(1,273,008)Preferred stock              (31,875)          (31,875)Comprehensive income                            Net income              2,728,186           2,728,186 Other comprehensive income                  160,050       160,050 June 30, 2024 $14,413,268  $1,500,000  $38,173,557  $57,144,239  $(17,279,553) $(2,622,777) $91,328,734 

*Accumulated other comprehensive loss

The accompanying notes are an integral part of these unaudited interim consolidated financial statements. 

 8Table of Contents

Community Bancorp. and Subsidiary      Consolidated Statements of Cash Flows      (Unaudited) Six Months Ended June 30,   2025  2024        Cash Flows from Operating Activities:      Net income $7,585,231  $5,551,087 Adjustments to reconcile net income to net cash provided by operating activities:        Depreciation and amortization, bank premises and equipment  516,568   524,565 Credit loss expense  732,100   645,161 Deferred income tax (benefit) provision  (39,732)  185,004 Gain on sale of loans  (39,749)  (39,355)Loss (gain) on sale of bank premises and equipment  7,839   (13,981)Income from CFS Partners  (797,658)  (622,925)Amortization of bond premium, net  36,411   104,385 Proceeds from sales of loans held for sale  1,872,874   2,043,855 Originations of loans held for sale  (2,691,225)  (2,205,500)Decrease in taxes payable  (87,161)  (307,109)Decrease (increase) in interest receivable  29,856   (67,324)Decrease in mortgage servicing rights  44,685   42,829 (Increase) decrease in right-of-use assets  (298