CMTV · Community Bancorp

Community Bancorp delivered strong first quarter 2026 results with net income increasing 23.93% year-over-year to $4.4 million, driven primarily by a 15.99% increase in net interest income to $11 million. The improvement in net interest income reflects growth in the loan portfolio of $43.6 million (4.64% year-over-year) and higher yields on loans, along with increased interest on federal funds sold and overnight deposits. Non-interest income grew 11% to $1.7 million, while non-interest expense increased 8.5% to $7.1 million. The provision for credit losses was $391,505, up from $325,054 in the prior year period, determined under the CECL accounting standard. Total assets stood at $1.24 billion as of March 31, 2026, representing 3.99% year-over-year growth despite a $52.3 million decrease from year-end 2025. The securities portfolio decreased 4.67% to $138 million as cash flow from maturing securities was used to fund loan growth. Equity capital increased to $116.8 million with book value per share of $20.88, up from $20.36 at December 31, 2025. President and CEO Christopher Caldwell highlighted the company's strong performance, relationship banking focus, and uplisting to Nasdaq Capital Markets exchange, which has generated improved liquidity and price for shareholders. The company declared a quarterly cash dividend of $0.25 per share, maintaining its commitment to shareholder returns.