secwatch.observer — SEC 8-K summary
======================================

Issuer:     COMMUNITY BANCORP /VT (CMTV)
CIK:        0000718413
Form:       8-K
Filed at:   2023-04-21T23:59:59+00:00
Accession:  0001654954-23-005044
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/718413/000165495423005044/0001654954-23-005044-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/718413/000165495423005044/cmtv_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-23-005044

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer