COMMUNITY BANCORP /VT (CMTV) financial statements (2022 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments110115101511119
Cash and cash equivalents110115101511119
Receivables685      
Total current assets:795115101511119
Noncurrent Assets
Finance lease, right-of-use asset400
Operating lease, right-of-use asset111
Property, plant and equipment14101110101111
Intangible assets, net (including goodwill)1212121271212
Goodwill12121212121212
Intangible assets, net (excluding goodwill)    (4)01
Total noncurrent assets:30232421182324
Other undisclosed assets194780704684639604563
TOTAL ASSETS:1,019918738720667638596
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt33393331293032
Total current liabilities:33393331293032
Noncurrent Liabilities
Long-term debt and lease obligation51     
Finance lease, liability40 
Operating lease, liability11 
Liabilities, other than long-term debt84     
Accounts payable and accrued liabilities84     
Total noncurrent liabilities:135     
Other undisclosed liabilities889797636627580553513
Total liabilities:934841669658609583545
Stockholders' equity
Stockholders' equity attributable to parent85776963585451
Preferred stock2222333
Common stock14141413131313
Treasury stock, value(3)(3)(3)(3)(3)(3)(3)
Additional paid in capital35343333323130
Accumulated other comprehensive income (loss)(1)10(1)(0)(0)(0)
Retained earnings3829231813118
Total stockholders' equity:85776963585451
TOTAL LIABILITIES AND EQUITY:1,019918738720667638596

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues37343229302726
Net investment income35333229262423
Cost of revenue(1)(2)(1)(1)(1)(1)(1)
Contract administration expense(0)
Provision for loan, lease, and other losses(1)(2)(1)(1)
Amortization of mortgage servicing rights (msrs)(0) (0)(0)(0)(0)(0)
Financial services costs(1)(1)(1)
Gross profit:36333128292725
Operating expenses(12)(10)(11)(11)(11)(14)(13)
Other operating income, net
(Noninterest Income, Other Operating Income)
  11111
Operating income:24222119191413
Nonoperating income1 11000
Investment income, nonoperating1 11000
Interest and debt expense(3)(5)(6)(4)(3)(3)(3)
Other undisclosed loss from continuing operations before equity method investments, income taxes(6)(4)(5)(5)(7)(4)(4)
Income from continuing operations before income taxes:16131110977
Income tax expense(3)(2)(2)(2)(3)(2)(2)
Other undisclosed loss from continuing operations(12)      
Net income:11198655
Other undisclosed net income attributable to parent12      
Net income attributable to parent:131198655
Preferred stock dividends and other adjustments  (1)1   
Other undisclosed net income (loss) available to common stockholders, basic(0)(0)0(1)(0)(0)(0)
Net income available to common stockholders, diluted:131198655

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:11198655
Other comprehensive income (loss)(2)11(0)(0)(0)(0)
Other undisclosed comprehensive income12      
Comprehensive income:1111108655
Comprehensive income, net of tax, attributable to noncontrolling interest 1     
Other undisclosed comprehensive loss, net of tax, attributable to parent (1)     
Comprehensive income, net of tax, attributable to parent:1111108655

Statements sources

The financial statements are based on the company's filings with the 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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