Community Bancorp. reported its financial results for the second quarter and first half of 2025, showcasing a significant increase in net income and a solid performance in its loan portfolio. For the three months ended June 30, 2025, the company achieved a net income of $4.1 million, or $0.72 per share, compared to $2.7 million, or $0.49 per share, in the same period of 2024. For the first six months, net income rose to $7.6 million, or $1.34 per share, up from $5.6 million, or $0.99 per share, in the prior year. The increase in profitability was driven by a 12.5% rise in total interest income, which reached $14.9 million for the second quarter, and a 12.7% increase to $29.4 million for the first half of 2025.
The company's total assets decreased to $1.17 billion as of June 30, 2025, down from $1.25 billion at the end of 2024, primarily due to a substantial reduction in overnight deposits, which fell by approximately $99 million. However, loans increased by $13.8 million, with notable growth in residential first and junior lien loans, commercial real estate loans, and purchased loans. Total deposits also declined to $933 million, a decrease of 6.9% from the previous year-end, reflecting typical seasonal trends and customer spending patterns.
In terms of operational metrics, Community Bancorp. reported a credit loss expense of $407,046 for the second quarter, up from $331,582 in the same quarter of 2024. The allowance for credit losses (ACL) increased to $10.5 million, representing 1.12% of total loans, compared to 1.06% at the end of 2024. The company’s loan portfolio remains diversified, with commercial and industrial loans, commercial real estate, and residential mortgages making up a significant portion of total loans. The company also noted a decrease in non-accruing loans as a percentage of total loans, indicating improved credit quality.
Looking ahead, Community Bancorp. remains focused on managing its balance sheet effectively while navigating the challenges posed by the current economic environment. The company has declared a quarterly cash dividend of $0.24 per common share, payable on August 1, 2025. Management is also assessing potential risks from trade policy developments affecting its northern Vermont market, while continuing to support its customers and communities. The company’s capital ratios are above regulatory requirements, positioning it well for future growth and stability.
About COMMUNITY BANCORP /VT
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