Company: CMTV
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001654954-25-013041
Chunk: 2

Company: COMMUNITY BANCORP /VT
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 2
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30, Consolidated Statements of Income 2025   2024 (Unaudited)             Interest income      Interest and fees on loans $14,201,931  $12,739,224 Interest on taxable debt securities  912,616   881,822 Interest on tax-exempt debt securities  80,411   80,411 Dividends  68,400   64,051 Interest on federal funds sold and overnight deposits  153,496   201,959 Total interest income  15,416,854   13,967,467          Interest expense        Interest on deposits  3,765,915   3,676,889 Interest on borrowed funds  663,155   1,159,214 Interest on repurchase agreements  234,756   194,151 Interest on junior subordinated debentures  242,038   275,290 Total interest expense  4,905,864   5,305,544          Net interest income  10,510,990   8,661,923 Credit loss expense  258,753   460,745 Net interest income after credit loss expense  10,252,237   8,201,178          Non-interest income        Service fees  1,002,753   972,338 Income from sold loans  102,389   96,294 Other income from loans  260,459   381,170 Other income  729,453   556,872 Total non-interest income  2,095,054   2,006,674          Non-interest expense        Salaries and wages  2,432,661   2,358,000 Employee benefits  959,918   986,804 Occupancy expenses, net  748,354   683,980 Other expenses  2,452,565   2,479,874 Total non-interest expense  6,593,498   6,508,658          Income before income taxes  5,753,793   3,699,194 Income tax expense  1,007,006   584,943 Net income $4,746,787  $3,114