Community Bancorp Inc (CMTV)

Community Bancorp. Selected and Joins ABA Nasdaq Community Bank IndexJune 3, 2026 12:15 PM
ACCESS NewswireDERBY, VT / ACCESS Newswire / June 3, 2026 / On June 1, 2026, Community Bancorp. (NASDAQ:CMTV), the parent company of Community National Bank, was selected by the American Bankers Association (ABA) to join the ABA Nasdaq Community Bank Index (ABAQ). This index includes 222 community banks with $239.8 billion in market capitalization and is the most broadly representative stock index of the community bank industry. The index helps raise awareness of this key segment of the financial services sector among analysts and investors.President and CEO of Community Bancorp. and Community National Bank Christopher Caldwell commented, "Community Bancorp. is pleased to be part of this prestigious group of community banks across the country. The hard work of the ABA in support of industry is evident through such tools as this index, and we appreciate them including us in this group. Community banking is critical to the success of our local businesses, our friends and neighbors, and the robust communities that we call home. We believe this addition to our recent uplisting to Nasdaq will continue to provide more liquidity and shareholder value. We are successful because of the trust that our communities, employees, and our shareholders place in Community National Bank. This is another exciting milestone in our company's long 175-year history."Three other banks were added to the ABAQ as of June 1, 2026, and include Central Bancompany, Inc. (CBC), Jefferson City, Missouri; First Northern Community Bancorp. (FNRN), Dixon California; and Hoyne Bancorp., Inc. (HYNE), Oak Park, Illinois. Index price changes throughout the day can be accessed using the symbol ABAQ.About Community Bancorp.
Community Bancorp. is the parent holding company for Community National Bank, headquartered in Derby, Vermont. Community National Bank is an independent bank that has been serving its communities since 1851, with retail banking offices located in Derby, Derby Line, Island Pond, Barton, Newport, Troy, St. Johnsbury, Montpelier, Barre, Lyndonville, Morrisville and Enosburg Falls as well as loan production offices located in Burlington, Vermont and Lebanon, New Hampshire. For more information about Community Bancorp. visit communitybancorpvt.com. For more information about Community National Bank visit communitynationalbank.com.Forward-Looking Statements
This news release contains forward-looking statements that are intended to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including, without limitation, statements about the Company's financial condition, capital status, dividend payment practices, business outlook and affairs. Although these statements are based on management's current expectations and estimates, actual conditions, results, and events may differ materially from those contemplated by such forward-looking statements, as they could be influenced by numerous factors which are unpredictable and outside the Company's control.Factors that may cause actual results to differ materially from such statements include, among others, the following: (1) general economic or monetary conditions, either nationally or regionally, continue to decline, resulting in a deterioration in credit quality or diminished demand for the Company's products and services; (2) changes in laws or government rules, or the way in which courts interpret those laws or rules, adversely affect the financial industry generally or the Company's business in particular, or may impose additional costs and regulatory requirements; (3) interest rates change in such a way as to reduce the Company's interest margins and its funding sources; and (4) competitive pressures increase among financial services providers in the Company's northern New England market area or in the financial services industry generally, including pressures from nonbank financial service providers, from increasing consolidation and integration of financial service providers and from changes in technology and delivery systems.For immediate release
For more information, contact Investor Relations
ir@communitynationalbank.comSOURCE: Community Bancorp. Inc VermontView the original press release on ACCESS NewswireOriginal: Community Bancorp. Selected and Joins ABA Nasdaq Community Bank Index

Community Bancorp. Holds Annual Shareholders' MeetingMay 26, 2026 5:15 PM
ACCESS NewswireHighlights Include Nasdaq Uplisting, Community National Bank's 175th Anniversary, and Strong 2025 and First-Quarter 2026 PerformanceDERBY, VT / ACCESS Newswire / May 26, 2026 / Community Bancorp. held its Annual Shareholders' meeting on Tuesday, May 19, 2026. Community Bancorp. Chair Stephen Marsh started the meeting by introducing the Board of Directors and Executive Officers as well as guests Rob Smalley, BDMP Assurance, LLP; Suzie Small, Community Financial Services Group (CFSG); and Austin Nicholas, Performance Trust.A quorum of shareholders elected two Directors, Emma L. Marvin and Jacques R. Couture, to three-year terms expiring in 2029. They also voted affirmatively to ratify the selection of BDMP Assurance, LLP as the Company's external auditors for 2026.A Form 8K detailing the voting results will be filed within four days of the meeting.Following the business portion of the meeting, President and CEO Christopher Caldwell recognized and thanked two Directors retiring from the Community National Bank and Community Bancorp. boards, Tom Adams and Jake Wheeler. Tom Adams served for 40 years, spending a lot of time as Chair of the Audit Committee. Jake Wheeler served for 15 years. His role included work with the trust company, CFSG, and was a guiding voice representing the Caledonia market.Continuing the presentation President and CEO Caldwell and Executive Vice President and Chief Financial Officer Louise Bonvechio, reviewed the company's performance and momentum in recent years with a focus on results for 2025. The presentation also provided the company's results for the first quarter of 2026. Community Bancorp. reported net income of approximately $4.4 million, compared with $3.5 million in the prior-year quarter, return on average assets of 1.42%, return on average equity of 15.3%, and net interest margin of 3.8%. Total assets were approximately $1.23 billion, loans totaled approximately $984 million, deposits grew to approximately $1.02 billion, and asset quality remained strong, with non-performing assets of approximately 0.75% of total assets and minimal net charge-offs.The company also emphasized strategic initiatives designed to enhance long-term shareholder value, including its recent uplisting to the Nasdaq Capital Market and the continued growth of Community Financial Services Group, in which Community Bancorp. holds a 50% ownership interest and management said the partnership continues to provide meaningful non-interest income and strengthen client relationships.Finishing her portion of the presentation, Executive Vice President and CFO Bonvechio invited CFSG Wealth Advisor and Assistant Vice President, Suzie Small to share highlights and performance information for Community Financial Services Group. To conclude, AVP Small reported that CFSG now manages more than $1.6 billion in assets and they continue to steadily grow their client base.President and CEO Caldwell continued the meeting sharing information about Community Bancorp.'s (CMTV's) historical share price performance and explained the metrics used to ensure the share price performance stays on track.To conclude the meeting, President and CEO Caldwell, shared, "We are incredibly proud of this bank, our team, and the communities that we have the honor of serving every day. We love being community bankers that make a difference for people. As shareholders of this amazing company, I hope you leave here feeling proud of our work and join us as we celebrate 175 years of being Vermont's Community Bank. We appreciate your support and the trust that you share with us in allowing us this opportunity."About Community National Bank
Community National Bank is an independent bank that has been serving its communities since 1851, with retail banking offices located in Derby, Derby Line, Island Pond, Barton, Newport, Troy, St. Johnsbury, Montpelier, Barre, Lyndonville, Morrisville and Enosburg Falls as well as loan offices located in Burlington, Vermont and Lebanon, New Hampshire.Forward-Looking Statements
This news release contains forward-looking statements that are intended to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including, without limitation, statements about the Company's financial condition, capital status, dividend payment practices, business outlook and affairs. Although these statements are based on management's current expectations and estimates, actual conditions, results, and events may differ materially from those contemplated by such forward-looking statements, as they could be influenced by numerous factors which are unpredictable and outside the Company's control.Factors that may cause actual results to differ materially from such statements include, among others, the following: (1) general economic or monetary conditions, either nationally or regionally, continue to decline, resulting in a deterioration in credit quality or diminished demand for the Company's products and services; (2) changes in laws or government rules, or the way in which courts interpret those laws or rules, adversely affect the financial industry generally or the Company's business in particular, or may impose additional costs and regulatory requirements; (3) interest rates change in such a way as to reduce the Company's interest margins and its funding sources; and (4) competitive pressures increase among financial services providers in the Company's northern New England market area or in the financial services industry generally, including pressures from nonbank financial service providers, from increasing consolidation and integration of financial service providers and from changes in technology and delivery systems.These statements speak only as of the date of this news release, and the Bank does not undertake any obligation to update or revise any of these forward-looking statements to reflect events or circumstances occurring after the date of this communication or to reflect the occurrence of unanticipated events.For more information about Community National Bank visit communitynationalbank.com.
To learn more about Community Bancorp. visit communitybancorpvt.com.For more information, contact:Investor Relations
ir@communitynationalbank.comSOURCE: Community Bancorp. Inc VermontView the original press release on ACCESS NewswireOriginal: Community Bancorp. Holds Annual Shareholders' Meeting

Community Bancorp. Reports First Quarter 2026 EarningsApril 21, 2026 3:20 PM
ACCESS NewswireDERBY, VT / ACCESS Newswire / April 21, 2026 / Community Bancorp. (NASDAQ:CMTV), the parent company of Community National Bank (the "Bank"), reported consolidated earnings for the first quarter ended March 31, 2026, of $4.4 million or $0.78 per share, an increase of $843,645 or 23.93% compared to $3.5 million or $0.62 per share reported for the first quarter of 2025.First Quarter 2026 Financial Highlights and Key Performance Indicators (KPIs):(Unaudited) Quarter Ended March 31, 2026 Return on average assets 1.42%Pre-tax, pre-provision net revenue return on average assets 1.83%Return on average shareholders' equity 15.31%Net Interest Margin 3.81%Efficiency Ratio 57.4%Noninterest expense to average assets 2.29%Dividend payout 31.96%Fully diluted tangible book value per common share (1) $18.81 Total capital to risk-weighted assets (2) 15.63%Total common equity tier 1 capital to risk-weighted assets (2) 14.38%Tier I Capital to Average Assets (2) 10.17%Tangible common equity to tangible assets (1) 8.60%Earnings per common share $0.78 Weighted average number of common shares
used in computing earnings per share 5,586,133 (1) Refer to the "Reconciliation of GAAP to Non-GAAP Measures" section of this document for additional detail.
(2) Represents Bank-only ratios. Current period capital ratios are preliminary subject to finalization of the Bank's March 31, 2026 FDIC Call Report.Total assets for the Company at March 31, 2026, were $1.24 billion, a decrease of $52.3 million from year end 2025, but $47 million or 3.99% higher compared to $1.12 billion as of March 31, 2025. Contributing to the Company's year-over-year growth in assets was growth in the Company's gross loan portfolio of $43.6 million, or 4.64%, compared to the 2025 period. Deposit balances increased $38 million, or 3.89%, compared to the same period in 2025 The year-over-year loan growth was primarily funded by a combination of cash, maturities of securities, as well as an increase in core and brokered deposits.The Company's securities portfolio totaled $138 million as of March 31, 2026, a 4.67% decrease compared to $145 million as of December 31, 2025. As stated above, the cashflow from maturing securities was used to fund loan growth during the year. The portfolio is classified as available-for-sale and is required to be reported at fair market value with the unrealized loss, net of a deferred tax adjustment, as an adjustment to total equity. Such unrealized losses reflect the interest rate environment, as current rates remain below the coupon rates on the securities, resulting in a fair market value lower than current book values. As of March 31, 2026, the adjustment to equity was $9.8 million, representing an improvement of $3.6 million from the adjustment to equity of $13.4 million as of March 31, 2025.Total net interest income for the first quarter ended March 31, 2026, increased $1.5 million, or 15.99%, to $11 million, compared to $9.4 million for the same quarter in 2025. The year-over-year improvement reflects an increase of $1.2 million, or 9.21%, in interest and fees on loans due to strong loan growth and higher yields, as well as higher interest on federal funds sold and overnight deposits of $335,150.The provision for credit losses for the first quarter ended March 31, 2026, was $391,505, compared to $325,054 for the same period in 2025. The provision for credit losses for March 31, 2026, was determined under Accounting Standard No. 2016-13, Measurement of Credit Losses on Financial Instruments, commonly referenced as the Current Expected Credit Losses, or CECL.Total non interest income for the first quarter ended March 31, 2026 was $1.7 million, an increase of $166,731, or 11%, from $1.6 million for the same period in 2025.Equity capital increased to $116.8 million, with a book value per share of $20.88, as of March 31, 2026, compared to equity capital of $113.7 million and a book value per share of $20.36 as of December 31, 2025. This change includes an increase of $164,132 in unrealized losses in the investment portfolio year to date and a decrease of $3.6 million year over year, due to changing bond rates, which increased the fair market value of the investment portfolio, as well as an increase of $2.9 million in the current year first quarter and an increase of $12.2 million year over year in retained earnings. The unrealized loss position is considered temporary and does not impact the Company's regulatory capital ratios. In the fourth quarter of 2025, the Company completed the optional redemption of all fifteen of the Company's outstanding shares of its Series A Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock. The preferred stock value of $1,500,000 was included in the Company's equity capital as of March 31, 2025.President and CEO Christopher Caldwell commented on the Company's results: "The first quarter of 2026 was a continuation of the strong performance of our bank. We continue to stress the value of relationship banking throughout our footprint. This quarter we were able to uplist to the Nasdaq Capital Markets exchange. This move has generated improved liquidity and price for our shareholders. Our performance continues to help us provide a strong return to our shareholders and our communities. We are pleased to see our tangible book value increase in the first quarter by 4% while our quarter earnings per share increased by 26% compared to March 31, 2025. We remain committed to running a bank that our communities find helpful and beneficial while supporting our investors' trust in our company".As previously announced, the Company declared a quarterly cash dividend of $0.25 per share payable May 1, 2026, to shareholders of record as of April 26, 2026.About Community Bancorp.Community Bancorp. is the parent holding company for Community National Bank, headquartered in Derby, Vermont. Community National Bank is an independent bank that has been serving its communities since 1851, with retail banking offices located in Derby, Derby Line, Island Pond, Barton, Newport, Troy, St. Johnsbury, Montpelier, Barre, Lyndonville, Morrisville and Enosburg Falls as well as loan offices located in Burlington, Vermont and Lebanon, New HampshireForward Looking StatementsThis press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, including, without limitation, statements about the Company's financial condition, capital status, dividend payment practices, business outlook and affairs. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include words like "believe," "expect," "anticipate," "estimate," and "intend" or future or conditional verbs such as "will," "would," "should," "could," or "may." Although these statements are based on management's current expectations and estimates, actual conditions, results, and events may differ materially from those contemplated by such forward-looking statements, as they could be influenced by numerous factors which are unpredictable and outside the Company's control. Factors that may cause actual results to differ materially from such statements include, among others, the following: (1) general national or regional economic conditions, national fiscal or monetary policies, or national or international tariff or trade conditions result in a deterioration of the credit quality of our loan portfolio or diminished demand for the Company's products and services; (2) changes in laws or government rules, or the way in which courts interpret those laws or rules, adversely affect the financial industry generally or the Company's business in particular, or may impose additional costs and regulatory requirements; (3) interest rates change in such a way as to reduce the Company's interest margins and its funding sources; and (4) competitive pressures increase among financial services providers in the Company's northern New England market area or in the financial services industry generally, including pressures from nonbank financial service providers, from increasing consolidation and integration of financial service providers and from changes in technology and delivery systems, and other factors that are listed from time to time in our financial filings with the SEC, including our Forms 10Q and 10K. The Company cautions you not to rely unduly on forward-looking statements because the assumptions, beliefs, expectations, and projections about future events may, and often do, differ materially from actual results or events. Any forward-looking statement speaks only as to the date on which it is made, and we undertake no obligation to update any forward-looking statement to reflect developments occurring after the statement is made, except as otherwise required by law.Use of Non-GAAP Financial MeasuresIn addition to evaluating the Company's results of operations in accordance with generally accepted accounting principles in the United States ("GAAP"), management supplements this evaluation with certain non-GAAP financial measures such as pre-tax, pre-provision income; fully diluted tangible book value per common share and tangible common equity to tangible assets. Management believe these non-GAAP financial measures help investors better understand the Company's operating performance and trends and allow for better performance comparisons to other financial institutions. In addition, these non-GAAP financial measures remove the impact of unusual items that may obscure trends in the Company's underlying performance. These disclosures should not be viewed as a substitute for GAAP operating results, nor are they necessarily comparable to non-GAAP performance measures that may be presented by other financial institutions. Reconciliations to the comparable GAAP financial measures can be found at the end of this document.Community Bancorp. And Subsidiary
Consolidated Balance Sheets (unaudited) March 31, December 31, 2026 2025 Assets Cash and due from banks $9,512,920 $11,802,391 Federal funds sold and overnight deposits 55,086,179 116,259,370 Total cash and cash equivalents 64,599,099 128,061,761 Securities available-for-sale (amortized cost $150,158,141
and $156,694,754 at 03/31/26 and 12/31/25, respectively 137,784,382 144,528,758 Restricted equity securities, at cost 2,902,450 2,933,050 Loans held-for-sale 300,000 138,000 Loans 983,876,487 965,285,662 Allowance for credit losses (11,280,241) (10,864,983)Deferred net loan costs 852,511 786,604 Net loans 973,448,757 955,207,283 Bank premises and equipment, net 12,035,404 12,090,886 Accrued interest receivable 5,298,063 4,607,975 Bank owned life insurance 5,416,653 5,398,085 Goodwill 11,574,269 11,574,269 Other real estate owned - 319,019 Other assets 21,925,695 22,699,860 Total assets $1,235,284,772 $1,287,558,946 Liabilities and Shareholders' Equity Liabilities Deposits: Demand, non-interest bearing $199,316,812 $218,842,543 Interest-bearing transaction accounts 291,067,383 299,636,739 Money market funds 148,980,329 187,132,921 Savings 147,941,226 142,543,291 Time deposits, $250,000 and over 166,165,700 46,913,997 Other time deposits 64,295,307 175,598,510 Total deposits 1,017,766,757 1,070,668,001 Repurchase agreements 40,086,527 41,498,171 Borrowed funds 35,975,022 35,975,022 Junior subordinated debentures 12,887,000 12,887,000 Accrued interest and other liabilities 11,726,716 12,843,774 Total liabilities 1,118,442,022 1,173,871,968 Shareholders' Equity Common stock - $2.50 par value; 15,000,000 shares authorized, 5,896,981 shares issued at 03/31/26, 5,882,266 shares issued at 12/31/25 and 5,830,269 shares issued at 03/31/25 14,742,453 14,705,665 Additional paid-in capital 40,410,499 40,076,561 Retained earnings 75,997,719 73,021,908 Accumulated other comprehensive loss (9,775,269) (9,611,137)Less: treasury stock, at cost; 300,409 shares at 03/31/26 and 212,101 shares at 12/31/25 and 03/31/25 (4,532,652) (4,506,019)Total shareholders' equity 116,842,750 113,686,978 Total liabilities and shareholders' equity $1,235,284,772 $1,287,558,946 Book value per common share outstanding $20.88 $20.36 Community Bancorp. and Subsidiary
Consolidated Statements of Income (unaudited) Quarter Ended Quarter Ended March 31, 2026 March 31, 2025 Interest income Interest and fees on loans $14,432,621 $13,215,032 Interest on taxable debt securities 804,751 859,231 Interest on tax-exempt debt securities 80,411 80,411 Dividends 51,958 47,890 Interest on federal funds sold and overnight deposits 657,098 321,948 Total interest income 16,026,839 14,524,512 Interest expense Interest on deposits 4,176,632 4,185,907 Interest on borrowed funds 385,950 370,977 Interest on repurchase agreements 293,730 285,959 Interest on junior subordinated debentures 222,647 243,345 Total interest expense 5,078,959 5,086,188 Net interest income 10,947,880 9,438,324 Credit loss expense 391,505 325,054 Net interest income after credit loss expense 10,556,375 9,113,270 Non-interest income Service fees 936,477 886,782 Income from sold loans 69,546 69,377 Other income from loans 350,194 270,167 Income from investment in CFS Partners 242,438 249,350 Other income 146,685 102,933 Total non-interest income 1,745,340 1,578,609 Non-interest expense Salaries and wages 2,578,836 2,320,066 Employee benefits 1,111,276 1,017,974 Occupancy expenses, net 774,981 781,856 Other expenses 2,592,267 2,383,716 Total non-interest expense 7,057,360 6,503,612 Income before income taxes 5,244,355 4,188,267 Income tax expense 875,253 662,810 Net income $4,369,102 $3,525,457 Earnings per common share $0.78 $0.62 Weighted average number of common shares
used in computing earnings per share 5,586,133 5,605,278 Dividends declared per common share $0.25 $0.24 Community Bancorp. and Subsidiary
Earnings Per Share ("EPS") (unaudited)
(Dollars in thousands, except share data) For the Quarter Ended March 31, 2026 2025 (In thousands, except per share data) Net income $4,369 $3,525 Less: dividends to preferred shareholders - $30 Net income available to common shareholders $4,369 $3,495 Weighted average number of common shares used in computing earnings per share 5,586,133 5,605,278 Earnings per common share $0.78 $0.62 Reconciliation of GAAP to Non-GAAP Measures
(unaudited)Community Bancorp. and Subsidiary
(Dollars in thousands, except share data) Quarter Ended March 31, 2026 Computation of Pre-tax, pre-provision net revenue Net interest income $10,948 Non-interest income $1,745 Less: Non-interest expense $7,057 Pre-tax, pre-provision net revenue $5,636 Computation of Pre-tax, pre-provision net revenue return on average assets Pre-tax, pre-provision net revenue $5,636 Average Assets $1,249,845 Pre-tax, pre-provision net revenue return on average assets 1.83% As of March 31, 2026 December 31, 2025 September 30, 2025 June 30, 2025 Computation of Fully Diluted Tangible Book Value per Common Share Total shareholders' equity $116,843 $113,687 $111,880 $106,343 Less: Preferred Stock - - $1,500 $1,500 Common shareholders' equity $116,843 $113,687 $110,380 $104,843 Less: Goodwill $11,574 $11,574 $11,574 $11,574 Other Intangibles - - - - Tangible common shareholders' equity $105,269 $102,113 $98,806 $93,269 Common shares issued and outstanding 5,596,572 5,582,867 5,619,491 5,608,914 Fully Diluted Tangible Book Value per Common Share $18.81 $18.29 $17.58 $16.63 As of March 31, 2026 December 31, 2025 September 30, 2025 June 30, 2025 Computation of Tangible Common Equity to Tangible Assets Common Equity $116,843 $113,687 $110,380 $104,843 Less: Goodwill $11,574 $11,574 $11,574 $11,574 Other Intangibles - - - - Tangible Common Equity $105,269 $102,113 $98,806 $93,269 Total Assets $1,235,285 $1,287,559 $1,226,171 $1,166,586 Less: Goodwill $11,574 $11,574 $11,574 $11,574 Other Intangibles - - - - Tangible Assets $1,223,711 $1,275,985 $1,214,597 $1,155,012 Tangible Common Equity to Tangible Assets 8.60% 8.00% 8.13% 8.08%For more information, contact:
Investor Relations
ir@communitynationalbank.comSOURCE: Community Bancorp. Inc VermontView the original press release on ACCESS NewswireOriginal: Community Bancorp. Reports First Quarter 2026 Earnings