secwatch.observer — SEC 8-K summary
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Issuer:     COMMUNITY BANCORP /VT (CMTV)
CIK:        0000718413
Form:       8-K
Filed at:   2024-10-17T23:59:59+00:00
Accession:  0001654954-24-013060
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Community Bancorp Q3 net income down 7.4% to $3.1M; assets reach $1.2B
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- Q3 2024 net income $3.1M ($0.55/shr) vs $3.4M ($0.61/shr) in Q3 2023, down 7.4%.
- Total assets $1.2B, up $94M YoY; loan portfolio grew 8.84% ($74.1M) YoY.
- Net interest income $8.7M, up 2.75%; provision for credit losses rose to $460,745 from $240,889.
- Dividend increased 4.3% to $0.24/shr, payable Nov 1, 2024.
- Book value per share rose to $17.36 from $15.87 at Dec 31, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/718413/000165495424013060/0001654954-24-013060-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/718413/000165495424013060/cmtv_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-24-013060

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