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…
Earnings analysis · 10-Q
CMTV earnings analysis
Filed August 14, 2026 · Our reading of the company's report
The latest report
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…
Read full summary
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.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.84
What stood out
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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.
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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.
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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.
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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.
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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.
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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.
What to watch
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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.
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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.
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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.
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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.
Management's outlook
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.
Earlier filings 4
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 itself. Analysis can contain errors; check the source document for full context.