CMTV Q2 2026: Net income +16.3% to $4.7M; margin expands 31bp as deposits fall 8.3%

Filed August 14, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 14, 2025 · ~2 min read

Key Changes

• high

  Net income rose 16.3% to $4.7M in Q2 2026 (diluted EPS $0.84, +16.7%), driven by a 31-basis-point expansion in net interest margin to 3.95% as loan repricing and lower wholesale borrowing costs offset deposit runoff.

  MD&A: Net Income & NIM verify on EDGAR →
• high

  Total deposits fell $89.0M (8.3%) from year-end 2025 to $982M, with money market funds down 32.9% and demand/transaction accounts down 6.8%. Management attributes the decline to seasonal municipal fiscal year-end spend-down and tax obligations.

  MD&A: Deposits verify on EDGAR →
• high

  Credit loss expense jumped 77.1% to $721K in Q2 2026, including a $127K reserve build for a commercial loan relationship in workout. The allowance for credit losses rose to 1.22% of total loans (from 1.12% a year earlier).

  MD&A: Credit Loss Expense verify on EDGAR →