COMMUNITY BANCORP /VT (CMTV) Financial Statements (2024 and earlier)

Company Profile

Business Address 4811 US ROUTE 5
DERBY, VT 05829
State of Incorp. VT
Fiscal Year End December 31
Industry (SIC) 6021 - National Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments205,70771,140110,359115,05010,26414,907
Cash and cash equivalents15,00171,140110,359115,05010,26414,907
Short-term investments 190,706     
Receivables838,195741,018684,758   
Total current assets:1,043,902812,158795,116115,05010,26414,907
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 3,3983,6253,85386124
Operating lease, right-of-use asset 4536548531,0491,254
Property, plant and equipment12,37113,04213,76710,21010,9599,713
Intangible assets, net (including goodwill)11,57411,57411,57411,57411,57411,574
Goodwill11,57411,57411,57411,57411,57411,574
Total noncurrent assets:27,79628,89630,04722,91923,91221,288
Other undisclosed assets27,647214,978193,943780,265703,779684,153
TOTAL ASSETS:1,099,3451,056,0321,019,106918,233737,955720,347
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt36,25633,07832,61038,72733,19030,522
Total current liabilities:36,25633,07832,61038,72733,19030,522
Noncurrent Liabilities
Long-term debt and lease obligation 3,4253,6454,7211,099  
Finance lease, liability 3,4253,6453,85838 
Liabilities, other than long-term debt4436588,1494,239  
Accounts payable and accrued liabilities  8,1494,239  
Operating lease, liability 4436588641,060 
Total noncurrent liabilities:3,8684,30312,8705,338  
Other undisclosed liabilities970,192943,475888,866796,879635,871627,222
Total liabilities:1,010,316980,856934,346840,945669,061657,744
Equity
Equity, attributable to parent89,02975,17684,76077,28968,89562,604
Preferred stock1,5001,5001,5001,5001,5002,000
Common stock14,31014,11913,97013,81813,62513,455
Treasury stock, value(2,623)(2,623)(2,623)(2,623)(2,623)(2,623)
Additional paid in capital37,57536,38335,32234,31033,46432,537
Accumulated other comprehensive income (loss)(15,932)(20,668)(1,167)915260(648)
Retained earnings54,19846,46437,75829,36822,66817,882
Total equity:89,02975,17684,76077,28968,89562,604
TOTAL LIABILITIES AND EQUITY:1,099,3451,056,0321,019,106918,233737,955720,347

Income Statement (P&L) ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues46,90237,11536,69234,13332,04929,460
Net investment income46,90237,11534,79133,06231,75929,115
Cost of revenue(1,481)(156)(850)(1,589)(1,246)(969)
Provision for loan, lease, and other losses(1,481) (624)(1,589)(1,066)(780)
Amortization of mortgage servicing rights (msrs) (156)(225) (180)(189)
Gross profit:45,42236,95935,84332,54430,80328,492
Operating expenses(11,802)(11,154)(11,992)(10,270)(10,858)(10,770)
Other operating income, net
(Noninterest Income, Other Operating Income)
     1,0481,315
Operating income:33,62025,80523,85022,27320,99319,036
Nonoperating income   952 588512
Investment income, nonoperating   952 589514
Interest and debt expense(12,693)(4,030)(3,121)(4,847)(6,143)(4,485)
Other undisclosed loss from continuing operations before equity method investments, income taxes   (5,559)(4,420)(4,823)(4,928)
Income from continuing operations before equity method investments, income taxes:20,92721,77516,12113,00710,61410,136
Other undisclosed loss from continuing operations before income taxes(4,600)(4,900)    
Income from continuing operations before income taxes:16,32716,87516,12113,00710,61410,136
Income tax expense(2,895)(3,135)(2,983)(2,248)(1,790)(1,738)
Other undisclosed loss from continuing operations   (12,187)   
Income from continuing operations:13,43213,74095210,7598,8248,398
Income before gain (loss) on sale of properties:95210,7598,8248,398
Net income:13,43213,74095210,7598,8248,398
Other undisclosed net income attributable to parent  12,187   
Net income attributable to parent:13,43213,74013,13810,7598,8248,398
Preferred stock dividends and other adjustments     (500)500
Other undisclosed net income (loss) available to common stockholders, basic(121)(67)(49)(54)413(603)
Net income available to common stockholders, diluted:13,31113,67313,09010,7048,7378,294

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:13,43213,74095210,7598,8248,398
Other comprehensive income (loss)4,736(19,501)(2,082)655908(373)
Other undisclosed comprehensive income   12,187   
Comprehensive income (loss):18,168(5,761)11,05611,4139,7338,024
Comprehensive income, net of tax, attributable to noncontrolling interest    655  
Other undisclosed comprehensive loss, net of tax, attributable to parent    (655)  
Comprehensive income (loss), net of tax, attributable to parent:18,168(5,761)11,05611,4139,7338,024

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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