NASDAQ: CMTV
COMMUNITY BANCORP /VTCIK 0000718413 · SIC 6021 · National Commercial Banks
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Community Bancorp Q2 net income rises 15.5% to $4.7M; credit costs climb
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Community Bancorp reports Q2 2026 earnings up 14% to $4.9M on margin expansion
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Community Bancorp declares $0.25 quarterly dividend, payable August 1
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Community Bancorp. holds routine annual meeting, elects two directors
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net income $4.4M. Community Bancorp net income jumps 24% on margin expansion; deposit runoff accelerates
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Community Bancorp reports Q1 2026 earnings results
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net income $17.0M. Community Bancorp lists on Nasdaq and changes auditor name
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Community Bancorp declares $0.25 quarterly dividend, payable May 1 to April 15 holders
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Latest financial statements
From 10-Q filed Aug 14, 2026 (period ending Jun 30, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Consolidated Statements of Income
| Description | Three months ended June 30, 2026 | Three months ended June 30, 2025 |
|---|---|---|
| Interest income | ||
| Interest and fees on loans | 14,748,598 | 13,691,705 |
| Interest on taxable debt securities | 741,821 | 948,048 |
| Interest on tax-exempt debt securities | 80,411 | 80,411 |
| Dividends | 47,363 | 58,595 |
| Interest on federal funds sold and overnight deposits | 424,413 | 71,857 |
| Total interest income | 16,042,606 | 14,850,616 |
| Interest expense | ||
| Interest on deposits | 4,009,541 | 3,972,008 |
| Interest on borrowed funds | 301,838 | 444,596 |
| Interest on repurchase agreements | 262,376 | 298,057 |
| Interest on junior subordinated debentures | 221,045 | 241,413 |
| Total interest expense | 4,794,800 | 4,956,074 |
| Net interest income | 11,247,806 | 9,894,542 |
| Credit loss expense | 720,967 | 407,046 |
| Net interest income after credit loss expense | 10,526,839 | 9,487,496 |
| Non-interest income | ||
| Service fees | 988,219 | 969,775 |
| Income from sold loans | 89,692 | 96,705 |
| Other income from loans | 537,043 | 331,759 |
| Income from investment in CFS Partners | 579,795 | 548,308 |
| Other income | 117,998 | 112,164 |
| Total non-interest income | 2,312,747 | 2,058,711 |
| Non-interest expense | ||
| Salaries and wages | 2,632,767 | 2,392,661 |
| Employee benefits | 1,102,841 | 1,056,273 |
| Occupancy expenses, net | 779,462 | 794,451 |
| Other expenses | 2,650,168 | 2,424,015 |
| Total non-interest expense | 7,165,238 | 6,667,400 |
| Income before income taxes | 5,674,348 | 4,878,807 |
| Income tax expense | 986,564 | 819,031 |
| Net income | 4,687,784 | 4,059,776 |
| Earnings per common share | 0.84 | 0.72 |
| Weighted average number of common shares | ||
| used in computing earnings per share | 5,594,749 | 5,612,675 |
| Dividends declared per common share | 0.25 | 0.24 |
Consolidated Balance Sheets (Unaudited)
| Description | June 30, 2026 (Unaudited) | December 31, 2025 |
|---|---|---|
| Assets | ||
| Cash and due from banks | 19,772,554 | 11,802,391 |
| Federal funds sold and overnight deposits | 5,840,996 | 116,259,370 |
| Total cash and cash equivalents | 25,613,550 | 128,061,761 |
| Securities available-for-sale (amortized cost $139,848,277 and $156,694,754 at 06/30/26 and 12/31/25, respectively) | 127,982,828 | 144,528,758 |
| Restricted equity securities, at cost | 1,918,950 | 2,933,050 |
| Loans held-for-sale | 813,332 | 138,000 |
| Loans | 970,535,252 | 965,285,662 |
| Allowance for credit losses | (11,881,321) | (10,864,983) |
| Deferred net loan costs | 940,423 | 786,604 |
| Net loans | 959,594,354 | 955,207,283 |
| Bank premises and equipment, net | 12,220,494 | 12,090,886 |
| Accrued interest receivable | 4,505,039 | 4,607,975 |
| Bank owned life insurance | 5,435,603 | 5,398,085 |
| Goodwill | 11,574,269 | 11,574,269 |
| Other real estate owned | 0 | 319,019 |
| Other assets | 23,090,295 | 22,699,860 |
| Total assets | 1,172,748,714 | 1,287,558,946 |
| Liabilities and Shareholders' Equity | ||
| Liabilities | ||
| Deposits: | ||
| Demand, non-interest bearing | 204,738,374 | 218,842,543 |
| Interest-bearing transaction accounts | 278,551,211 | 299,636,739 |
| Money market funds | 125,665,889 | 187,132,921 |
| Savings | 146,071,626 | 142,543,291 |
| Time deposits, $250,000 and over | 48,195,437 | 46,913,997 |
| Other time deposits | 178,431,659 | 175,598,510 |
| Total deposits | 981,654,196 | 1,070,668,001 |
| Repurchase agreements | 35,019,257 | 41,498,171 |
| Borrowed funds | 10,975,022 | 35,975,022 |
| Junior subordinated debentures | 12,887,000 | 12,887,000 |
| Accrued interest and other liabilities | 11,319,225 | 12,843,774 |
| Total liabilities | 1,051,854,700 | 1,173,871,968 |
| Shareholders' Equity | ||
| Common stock $2.50 par value; 15,000,000 shares authorized, 5,902,267 shares issued at 06/30/26 and 5,882,266 shares issued at 12/31/25 | 14,755,668 | 14,705,665 |
| Additional paid-in capital | 40,757,013 | 40,076,561 |
| Retained earnings | 79,287,690 | 73,021,908 |
| Accumulated other comprehensive loss | (9,373,705) | (9,611,137) |
| Less: treasury stock, at cost; 300,409 shares at 06/30/26 and 299,339 shares at 12/31/25 | (4,532,652) | (4,506,019) |
| Total shareholders' equity | 120,894,014 | 113,686,978 |
| Total liabilities and shareholders' equity | 1,172,748,714 | 1,287,558,946 |
| Book value per common share outstanding | 21.58 | 20.36 |
Consolidated Statements of Cash Flows
| Description | (Unaudited) 2026 | Six months ended June 30, 2025 |
|---|---|---|
| Cash Flows from Operating Activities: | ||
| Net income | 9,056,887 | 7,585,231 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization, bank premises and equipment | 501,759 | 516,568 |
| Credit loss expense | 1,112,473 | 732,100 |
| Deferred income tax benefit | (110,975) | (39,732) |
| Gain on sale of loans | (44,874) | (39,749) |
| (Gain) loss on sale of bank premises and equipment | (18,486) | 7,839 |
| Gain on sale of OREO | (37,318) | 0 |
| Income from CFS Partners | (822,234) | (797,658) |
| Amortization of bond premium, net | 25,076 | 36,411 |
| Proceeds from sales of loans held for sale | 1,480,391 | 1,872,874 |
| Originations of loans held for sale | (2,110,849) | (2,691,225) |
| Decrease in taxes payable | (125,074) | (87,161) |
| Decrease in interest receivable | 102,936 | 29,856 |
| Decrease in mortgage servicing rights | 40,168 | 44,685 |
| Decrease (increase) in right-of-use assets | 112,190 | (298,008) |
| (Decrease) increase in operating lease liabilities | (106,358) | 323,243 |
| Decrease (increase) in other assets | 49,699 | (263,660) |
| Increase in cash surrender value of BOLI | (37,518) | (40,441) |
| Amortization of limited partnerships | 770,782 | 425,736 |
| Change in net deferred loan fees and costs | (153,819) | (57,815) |
| Decrease in interest payable | (113,579) | (1,938,683) |
| Decrease in accrued expenses | (15,222) | (622,869) |
| Decrease in other liabilities | (192,158) | (104,836) |
| Net cash provided by operating activities | 9,363,897 | 4,592,706 |
| Cash Flows from Investing Activities: | ||
| Investments - AFS | ||
| Maturities, calls, pay downs and sales | 16,821,399 | 19,913,602 |
| Purchases | 0 | (14,971,773) |
| Proceeds from redemption of restricted equity securities | 1,167,201 | 1,316,700 |
| Purchases of restricted equity securities | (153,100) | (2,107,700) |
| Decrease in limited partnership contributions payable | (1,182,994) | 0 |
| Investments in limited liability entities | (255,916) | 0 |
| Increase in loans, net | (5,328,232) | (13,933,241) |
| Capital expenditures net of proceeds from sales of bank premises and equipment | (653,753) | (386,502) |
| Proceeds from sales of OREO | 356,337 | 0 |
| Recoveries of loans charged off | 105,448 | 36,874 |
| Net cash provided by (used in) investing activities | 10,876,390 | (10,132,040) |
Amounts as printed on the EDGAR/iXBRL face. Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗