secwatch.observer — SEC 8-K summary
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Issuer:     COMMUNITY BANCORP /VT (CMTV)
CIK:        0000718413
Form:       8-K
Filed at:   2024-01-23T23:59:59+00:00
Accession:  0001654954-24-000827
Event type: earnings
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Community Bancorp Q4 net income $3.5M ($0.64 EPS), down 25% YoY; full year EPS $2.43 vs $2.53
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- Q4 net income $3.5M ($0.64 EPS), down 25% YoY from $4.7M ($0.86 EPS); full year $13.4M ($2.43) vs $13.7M ($2.53).
- Total assets $1.10B, up 4.1% YoY; loans grew $96.9M (+12.94%) offset by cash decline of $50.7M.
- Quarterly cash dividend $0.23/share declared, payable Feb 1, 2024 to record Jan 15.
- Provision for credit losses increased to $672K in Q4 from negative $347K; full year $1.48M vs $978K driven by single NPL write-down.
- Equity capital rose to $89M ($15.87 book value) from $75.2M ($13.55), helped by lower unrealized losses on bonds.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/718413/000165495424000827/0001654954-24-000827-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/718413/000165495424000827/cmtv_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-24-000827

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