secwatch.observer — SEC 8-K summary
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Issuer:     COMMUNITY BANCORP /VT (CMTV)
CIK:        0000718413
Form:       8-K
Filed at:   2024-04-22T23:59:59+00:00
Accession:  0001654954-24-004857
Event type: earnings
Sentiment:  negative
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Community Bancorp. Q1 2024 EPS $0.51, down 15.5% YoY; net income $2.8M
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- Net income of $2.8M ($0.51 per share) vs $3.3M ($0.61) in Q1 2023, a decline of $515,860.
- Net interest income decreased 1.94% to $8.4M; loan portfolio grew 14.21% YoY to $107.8M.
- Deposit balances declined $4.8M (0.54%) YoY; borrowed funds increased $83.9M to fund loan growth.
- Dividend maintained at $0.23 per share, payable May 1, 2024 to shareholders of record April 15, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/718413/000165495424004857/0001654954-24-004857-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/718413/000165495424004857/cmtv_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-24-004857

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