Consolidated Balance Sheets - USD ($)	Sep. 30, 2025	Dec. 31, 2024
Assets
Cash and due from banks	$ 11,813,247	$ 9,875,427
Federal funds sold and overnight deposits	49,052,312	101,064,775
Total cash and cash equivalents	60,865,559	110,940,202
Securities available-for-sale (amortized cost $165,580,625 and $179,668,079 at 9/30/25 and 12/31/24, respectively)	152,248,319	159,697,420
Restricted equity securities, at cost	3,256,550	2,629,350
Loans held-for-sale	1,269,208	0
Loans	961,882,509	927,940,805
Allowance for credit losses	(10,769,269)	(9,810,212)
Deferred net loan costs	738,390	648,695
Net loans	951,851,630	918,779,288
Bank premises and equipment, net	12,391,426	12,072,985
Accrued interest receivable	4,459,788	4,472,474
Bank owned life insurance	5,378,643	5,318,354
Goodwill	11,574,269	11,574,269
Other real estate owned	319,019	0
Other assets	22,556,932	23,445,787
Total assets	1,226,171,343	1,248,930,129
Deposits:
Demand, non-interest bearing	205,211,509	197,697,470
Interest-bearing transaction accounts	284,204,977	304,212,085
Money market funds	155,502,114	169,533,067
Savings	143,737,440	142,925,828
Time deposits, $250,000 and over	43,064,201	42,637,716
Other time deposits	176,579,922	144,638,592
Total deposits	1,008,300,163	1,001,644,758
Repurchase agreements	34,178,676	48,943,996
Borrowed funds	46,275,022	72,600,000
Junior subordinated debentures	12,887,000	12,887,000
Accrued interest and other liabilities	12,650,140	14,806,170
Total liabilities	1,114,291,001	1,150,881,924
Shareholders' Equity
Preferred stock, 1,000,000 shares authorized, 15 shares issued and outstanding at 09/30/25 and 12/31/24 ($100,000 liquidation value, per share)	1,500,000	1,500,000
Common stock - $2.50 par value; 15,000,000 shares authorized, 5,867,045 shares issued at 09/30/25 and 5,809,035 shares issued at 12/31/24	14,667,613	14,522,588
Additional paid-in capital	39,725,620	38,801,755
Retained earnings	69,843,878	61,623,460
Accumulated other comprehensive loss	(10,532,522)	(15,776,821)
Less: treasury stock, at cost; 247,554 shares at 09/30/25 and 210,101 shares at 12/31/24	(3,324,247)	(2,622,777)
Total shareholders' equity	111,880,342	98,048,205
Total liabilities and shareholders' equity	$ 1,226,171,343	$ 1,248,930,129
Book value per common share outstanding	$ 19.64	$ 17.24

COMMUNITY BANCORP /VT 10-Q