CMTV earnings analysis
What we found in CMTV's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Community Bancorp delivered improved second-quarter profitability, with net income up 15.5% year over year to $4.7 million and EPS of $0.84. Net interest margin expanded 31 basis points to 3.95% and fee income grew 12.34%, but credit loss expense increased 77.12% to $720,967 and deposits declined 8.3% from year-end. Capital remained strong, although liquidity and credit trends warrant monitoring; management provided no numeric revenue or EPS guidance.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Earnings and EPS improved
- Second-quarter net income increased 15.5% year over year to $4.7 million, while diluted EPS rose to $0.84 from $0.72. EPS also increased from $0.78 in 2026 Q1 based on the quarterly history provided.
- Net interest margin expanded
- Reported net interest income increased to $11,247,806 from $9,894,542 year over year, while tax-equivalent net interest margin expanded to 3.95% from 3.64%, a 31-basis-point improvement.
- Fee income outpaced expenses
- Non-interest income increased 12.34% year over year to $2,312,747, led partly by a $205,284 increase in other income from loans. Non-interest expense rose a slower 7.47% to $7,165,238.
- Loan portfolio continued to grow
- Loans increased $5,249,590, or 0.54%, from year-end to $970,535,252, supported by C&I and residential first-lien growth. Management cited increases of $15.9 million in residential first- and junior-lien loans and $10.3 million in C&I loans.
- Capital and liquidity remain strong
- The company remained well capitalized: consolidated total capital to risk-weighted assets was 16.18% versus a 10.50% conservation-buffer requirement, while the Bank's ratio was 16.05%. Available FHLBB borrowing capacity was $140.9 million as of June 30, 2026.
- Capital base and book value rose
- Equity capital increased to $120.1 million from $113.7 million at December 31, 2025, and book value per share rose to $21.58 from $20.36. The company declared a quarterly dividend of $0.25 per common share.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Credit costs and reserves increased
- Second-quarter credit loss expense rose 77.12% year over year to $720,967, including a $127,000 reserve addition for a commercial loan relationship in workout. The ACL increased to $11,881,321, or 1.22% of loans, from 1.13% at year-end.
- Deposit runoff reduced liquidity
- Total deposits declined $89.0 million, or 8.3%, from year-end to $982 million. Money market funds fell $61.5 million, or 32.9%, and federal funds sold and overnight deposits decreased $110.4 million, or 95.0%, as management cited expected second-quarter deposit runoff.
- Nonperforming loans and concentration risk
- Non-accruing loans increased to $8,212,531, or 0.85% of loans, from $7,009,631, or 0.73%, at December 31, 2025. Commercial and industrial, purchased, CRE and municipal loans represented 68.9% of the loan portfolio, creating exposure to commercial-credit and geographic concentration risk.
- No formal risk-factor changes disclosed
- The Risk Factors section states that the risks identified in the 2025 Form 10-K remain the most significant risks as of the report date, so no new or materially changed risk factors were disclosed. Existing risks include deposit reductions, nonperforming assets and charge-offs, cybersecurity, and interest-rate changes.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.84
What they said about what is next.
No quantitative revenue or EPS guidance was provided. Management stated that interest-rate sensitivity results are not a forecast; modeled NII would change by -0.1% under a 200-basis-point decrease and -1.2% under a 200-basis-point increase in rates.
The filing reads about the same as the one before it.
What came before.
- 10-Q · May 15, 2026
- In its latest 10-Q filing for Q1 2026, Community Bancorp reported a revenue increase to $18 million, marking a 18.5% growth compared to $15.2 million in Q4 2025 and showing a robust year-over-year boost of 19.4% from…
- 10-K · March 27, 2026
- Community Bancorp's 10-K for the year ending December 31, 2025, reflects solid performance with total revenue increasing to $15.2 million and EPS rising to $0.85, both surpassing previous guidance and market…
- 10-Q · November 14, 2025
- Community Bancorp reported strong financial results for the third quarter of 2025, with net income soaring 52.4% year-over-year to $4.7 million, driven by increased loan origination and improved net interest income.…
- 10-Q · August 14, 2025
- Community Bancorp. reported solid financial results for Q2 2025, with net income rising 48.8% year-over-year to $4.1 million and EPS increasing to $0.72, driven by a robust loan portfolio. However, total assets declined…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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