CMTV

EX-99.1

2 cmtv_ex991.htm

PRESS RELEASE

cmtv_ex991.htm Exhibit 99.1

Community Bancorp. Reports Second Quarter 2026 Earnings

For immediate release

Derby, VT: July 22, 2026 --- Community Bancorp. (NASDAQ:CMTV), the parent company of Community National Bank (the “Bank”), reported consolidated earnings for the second quarter ended June 30, 2026, of $4.7 million or $0.84 per share, an increase of $628,008 or 15.47% compared to $4.1 million or $0.72 per share reported for the second quarter of 2025. Earnings for the six months ended June 30, 2026, were $9.1 million, or $1.62 per share, also a significant increase of $1.5 million or 19.40% compared to $7.6 million or $1.34 per share in the same period in 2025.

Second Quarter 2026 Financial Highlights and Key Performance Indicators (KPIs):

(Unaudited)

Six months Ended

Quarter Ended

Six months Ended

Quarter Ended

June 30, 2026

June 30, 2026

June 30, 2025

June 30, 2025

Return on average assets

1.47 %

1.53 %

1.29 %

1.38 %

Pre-tax, pre-provision net revenue return on average assets

1.96 %

2.11 %

1.67 %

1.81 %

Return on average shareholders' equity

15.63 %

15.83 %

15.05 %

15.62 %

Net Interest Margin

3.88 %

3.95 %

3.56 %

3.64 %

Efficiency Ratio

54.2 %

52.8 %

57.3 %

55.8 %

Noninterest expense to average assets

2.31 %

2.37 %

2.24 %

2.29 %

Dividend payout

30.86 %

29.76 %

35.82 %

33.33 %

Fully diluted tangible book value per common share (1)

$ 19.51

$ 19.51

$ 16.63

$ 16.63

Total capital to risk-weighted assets (2)

16.05 %

16.05 %

14.85 %

14.85 %

Total common equity tier 1 capital to risk-weighted assets (2)

14.79 %

14.79 %

13.60 %

13.60 %

Tier I Capital to Average Assets (2)

10.63 %

10.63 %

10.06 %

10.06 %

Tangible common equity to tangible assets (1)

9.41 %

9.41 %

8.21 %

8.21 %

Earnings per common share

$ 1.62

$ 0.84

$ 1.34

$ 0.72

Weighted average number of common shares used in computing earnings per share

5,590,465

5,594,749

5,608,997

5,612,675

(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 June 30, 2026 FDIC Call Report.

Total assets for the Company at June 30, 2026, were $1.17 billion, a decrease of $114.8 million from year end 2025, but $6.2 million or 0.53% higher compared to $1.17 billion as of June 30, 2025. The year-to-date change primarily reflects annual maturities of municipal non arbitrage relationships and lower cash balances used to pay off two maturing advances totaling $25.0 million, as well as a cyclical decrease in deposit balances.  Contributing to the Company’s year-over-year growth in assets was growth in the Company's gross loan portfolio of $28.8 million, or 3.06%, compared to the 2025 period. Deposit balances increased $48.7 million, or 5.22%, compared to the same period in 2025 but decreased $89.0 million or 8.31% since year end 2025 reflecting cyclical changes. The year-over-year loan growth was primarily funded by a combination of cash, maturities of securities, as well as an increase in core deposits.

1

The Company’s securities portfolio totaled $128 million as of June 30, 2026, an 11.45% decrease compared to $144.6 million as of December 31, 2025. 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 June 30, 2026, the adjustment to equity was $9.4 million, representing an improvement of $3.1 million from the adjustment to equity of $12.5 million on June 30, 2026 and $9.6 million as of December 31, 2025.

Total net interest income for the second quarter ended June 30, 2026, increased $1.4 million, or 13.68%, to $11.2 million, compared to $9.9 million for the same quarter in 2025. The quarter-over-quarter improvement reflects an increase of $1.1 million, or 7.72%, in interest and fees on loans due to strong loan growth and higher yields, partially offset by higher interest on deposits expense of $37,533, or 0.94%. Net interest income for the six months ended June 30, 2026, increased $2.9 million or 14.81%, to $22.2 million, compared to $19.3 million for the same period in 2025, reflecting the same trends.

The provision for credit losses for the second quarter ended June 30, 2026, was $720,967 compared to $407,046 for the same period in 2025. The year-to-date provision for credit losses was $1.1 million, compared to $732,100 for the same period in 2025. The $380,373 year-over-year increase was driven primarily by strong loan growth. The provision for credit losses for June 30, 2026, was determined under Accounting Standard No. 2016-13, Measureme

EX-99.1

2 cmtv_ex991.htm

PRESS RELEASE

cmtv_ex991.htm

EXHIBIT 99.1

Community Bancorp. Reports Second Quarter 2026 Earnings

For immediate release

Derby, VT: July 21, 2026 --- Community Bancorp. (NASDAQ:CMTV), the parent company of Community National Bank (the “Bank”), reported consolidated earnings for the second quarter ended June 30, 2026, of $4.9 million or $0.84 per share, an increase of $621,097 or 14.41% compared to $4.3 million or $0.72 per share reported for the second quarter of 2025. Earnings for the six months ended June 30, 2026 were $9.1 million, or $1.62 per share, also a significant increase of $1.5 million or 19.40% compared to $7.6 million or $1.34 per share in the same period in 2025.

Second Quarter 2026 Financial Highlights and Key Performance Indicators (KPIs):

(Unaudited)

Year Ended

Quarter Ended

Year Ended

Quarter Ended

June 30, 2026

June 30, 2026

June 30, 2025

June 30, 2025

Return on average assets

1.47 %

1.53 %

1.29 %

1.38 %

Pre-tax, pre-provision net revenue return on average assets

1.96 %

2.11 %

1.67 %

1.81 %

Return on average shareholders' equity

15.63 %

15.83 %

15.05 %

15.67 %

Net Interest Margin

3.88 %

4.00 %

3.36 %

3.47 %

Efficiency Ratio

54.2 %

52.8 %

57.3 %

55.8 %

Noninterest expense to average assets

2.31 %

2.37 %

2.24 %

2.29 %

Dividend payout

30.86 %

29.76 %

35.82 %

33.33 %

Fully diluted tangible book value per common share (1)

$ 19.51

$ 19.51

$ 16.63

$ 16.63

Total capital to risk-weighted assets (2)

16.05 %

16.05 %

14.85 %

14.85 %

Total common equity tier 1 capital to risk-weighted assets (2)

14.79 %

14.79 %

13.60 %

13.60 %

Tier I Capital to Average Assets (2)

10.63 %

10.63 %

10.06 %

10.06 %

Tangible common equity to tangible assets (1)

9.41 %

9.41 %

8.21 %

8.21 %

Earnings per common share

$ 1.62

$ 0.84

$ 0.72

$ 1.34

Weighted average number of common shares

used in computing earnings per share

5,590,465

5,594,749

5,608,997

5,612,675

(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 June 30, 2026 FDIC Call Report.

Total assets for the Company at June 30, 2026, were $1.17 billion, a decrease of $114.8 million from year end 2025, but $6.2 million or 0.53% higher compared to $1.17 billion as of June 30, 2025. The year-to-date change primarily reflects annual maturities of municipal non arbitrage relationships and lower cash balances used to pay off two maturing advances totaling $25.0 million, as well as a cyclical decrease in deposit balances. Contributing to the Company’s year-over-year growth in assets was growth in the Company's gross loan portfolio of $28.8 million, or 3.06%, compared to the 2025 period. Deposit balances increased $48.7 million, or 5.22%, compared to the same period in 2025 but decreased $89.0 million or 8.31% since year end 2025 reflecting cyclical changes. 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 deposits.

1

The Company’s securities portfolio totaled $128 million as of June 30, 2026, an 11.45% decrease compared to $144.6 million as of December 31, 2025. 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 June 30, 2026, the adjustment to equity was $9.4 million, representing an improvement of $3.1 million from the adjustment to equity of $12.5 million on June 30, 2026 and $9.6 million as of December 31, 2025.

Total net interest income for the second quarter ended June 30, 2026, increased $1.4 million, or 13.68%, to $11.2 million, compared to $9.9 million for the same quarter in 2025. The quarter-over-quarter improvement reflects an increase of $1.1 million, or 7.72%, in interest and fees on loans due to strong loan growth and higher yields, partially offset by higher interest on deposits expense of $37,533, or 0.94%. Net interest income for the six months ended June 30, 2026, increased $2.9 million or 14.81%, to $22.2 million, compared to $19.3 million for the same period in 2025, reflecting the same trends.

The provision for credit losses for the second quarter ended June 30, 2026, was $720,967 compared to $407,046 for the same period in 2025. The year-to-date provision for credit losses was $1.1 million, compared to $732,100 for the same period in 2025. The $380,373 year-over-year increase was driven primarily by strong loan growth. The provision for credit losses for June 30, 2026, was determined under Accounting Standard No. 2016-13, Measurement of Credi

EX-99.1

2 cmtv_ex991.htm

PRESS RELEASE

cmtv_ex991.htm

EXHIBIT 99.1

Community Bancorp. Reports First Quarter 2026 Earnings

For immediate release

Derby, VT: 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.

1

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