Company: CMTV
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001654954-25-009542
Chunk: 58

Company: COMMUNITY BANCORP /VT
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 58
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%Total interest-bearing liabilities $875,278,651  $4,956,074   2.27% $835,132,143  $5,096,160   2.45%Noninterest bearing deposits  193,247,249           181,445,666         Other liabilities  8,947,041           5,793,166         Total liabilities  1,077,472,941           1,022,370,975         Shareholders' equity  104,228,772           89,416,802         Total liabilities and shareholders' equity $1,181,701,713          $1,111,787,777                                  Net interest income     $10,114,576          $8,265,530     Net interest spread (3)          3.16%          2.67%Net interest margin (4)          3.64%          3.17%

(1)Included in net loans are non-accrual loans with average balances of $8,742,987 and $6,377,110 for the three months ended June 30, 2025 and 2024, respectively. Loans are stated net of unearned discount and ACL, plus loans held-for-sale and include tax-exempt loans to local municipalities with average balances of $68,794,557 and $58,625,102 for the three months ended June 30, 2025 and 2024, respectively.  (2)Included in other investments is the Company’s FHLBB Stock with average balances of $2,356,166 and $2,114,103 for the three months ended June 30, 2025 and 2024, respectively, with a dividend rate of approximately 7.39% and 8.4%, respectively, per quarter.  (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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  Six Months Ended June 30,   2025  2024       Average      Average    Average  Income/  Yield/   Average  Income/