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Income Statement
COMMUNITY BANCORP VT (CMTV)
source: myfinsight.com
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Dividends
$58,595
Interest and fees on loans
$13,691,705
Interest on federal funds
sold and overnight...
$71,857
Interest on taxable debt
securities
$948,048
Interest on tax-exempt
debt securities
$80,411
Total interest income
$14,850,616
Net interest income
$9,894,542
Service fees
$969,775
Income from sold loans
$96,705
Other income from
loans
$331,759
Other income
$660,472
Total interest
expense
$4,956,074
Net interest income
after credit loss...
$9,487,496
Total non-interest
income
$2,058,711
Credit loss expense
$407,046
Interest on deposits
$3,972,008
Interest on borrowed
funds
$444,596
Interest on junior
subordinated debentures
$241,413
Interest on repurchase
agreements
$298,057
Income before income
taxes
$4,878,807
Total non-interest
expense
$6,667,400
Net income
$4,059,776
Income tax expense
$819,031
Occupancy expenses, net
$794,451
Other expenses
$2,424,015
Employee benefits
$1,056,273
Salaries and wages
$2,392,661
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