---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-23-005044"
form_type: "8-K"
ticker: "CMTV"
cik: "0000718413"
company_name: "COMMUNITY BANCORP /VT"
filed_at: "2023-04-21T23:59:59+00:00"
generated_at: "2026-06-16T21:51:10.689710+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Community Bancorp Q1 net income up 38.8% to $0.61/sh; loans grow 8.95%

## Summary
- Net income $3.3M ($0.61/sh) vs $2.4M ($0.44/sh) in Q1 2022, a 38.8% increase.
- Total assets $1.03B; loan portfolio grew $62.3M (8.95%) YoY; deposits up $11.2M (1.28%).
- Net interest income $8.5M (+12.8% YoY); provision for credit losses down to $207,540 from $862,500.
- Book value per share $14.33; declared $0.23/sh quarterly dividend payable May 1, 2023.
- CEO highlights strong organic growth despite rising rates and challenging economy.

## SEC filing metadata
- accession: 0001654954-23-005044
- form_type: 8-K
- ticker: CMTV
- cik: 0000718413
- company_name: COMMUNITY BANCORP /VT
- filed_at: 2023-04-21T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/718413/000165495423005044/0001654954-23-005044-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/718413/000165495423005044/cmtv_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-23-005044
- JSON: https://secwatch.observer/filing/0001654954-23-005044.json
- Plain text: https://secwatch.observer/filing/0001654954-23-005044.txt

## Key facts
- Earnings Releases
  COMMUNITY BANCORP /VT reported the first quarter ended March 31, 2023 results: net income $3.3 million, EPS $0.61 per share.
  - Period: the first quarter ended March 31, 2023
  - Net income: $3.3 million
  - EPS: $0.61 per share
  - Result: reported results
  source text: Community Bancorp. Reports First Quarter 2023 Earnings; Higher Earnings Reflect Continued Strong Growth in Assets, Deposits and Loans For immediate release Derby, VT: April 21, 2023 --- Community Bancorp., (OTCQX:CMTV) Community National Bank reported earnings for the first quarter ended March 31, 2023, of $3.3 million or $0.61 per share
  evidence_url: https://www.sec.gov/Archives/edgar/data/718413/000165495423005044/0001654954-23-005044-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.