EXHIBIT 99.1
Community Bancorp. Reports Third Quarter 2026 Earnings
Derby, VT: October 26, 2026 --- Community Bancorp. (NASDAQ:CMTV), the parent company of Community National Bank (the “Bank”), reported consolidated earnings for the third quarter ended September 30, 2026, of $5.1 million or $0.91 per share, an increase of $344 thousand or 7.24% compared to $4.7 million or $0.84 per common share reported for the third quarter of 2025. Earnings for the nine months ended September 30, 2026, were $14.1 million, or $2.53 per share, an increase of $1.8 million or 14.72% compared to $12.3 million or $2.18 per common share in the same period in 2025.
Third Quarter 2026 Financial Highlights and Key Performance Indicators (KPIs):
(Unaudited)
| | | Quarter Ended | |
| | | September 30, 2026 | | | June 30, 2026 | | | March 31, 2026 | | | December 31, 2025 | | | September 30, 2025 | |
| Return on average assets | | | 1.67 | % | | | 1.53 | % | | | 1.39 | % | | | 1.47 | % | | | 1.58 | % |
| Pre-tax, pre-provision net revenue return on average assets (1) | | | 2.17 | % | | | 2.09 | % | | | 1.83 | % | | | 1.90 | % | | | 2.01 | % |
| Return on average shareholders' equity | | | 16.46 | % | | | 15.83 | % | | | 15.31 | % | | | 16.24 | % | | | 17.40 | % |
| Net Interest Margin | | | 4.11 | % | | | 3.95 | % | | | 3.81 | % | | | 3.78 | % | | | 3.79 | % |
| Efficiency Ratio (2) | | | 51.1 | % | | | 52.8 | % | | | 55.6 | % | | | 54.8 | % | | | 52.3 | % |
| Noninterest expense to average assets | | | 2.27 | % | | | 2.34 | % | | | 2.29 | % | | | 2.30 | % | | | 2.20 | % |
| Dividend payout ratio (3) | | | 28.57 | % | | | 29.76 | % | | | 32.05 | % | | | 30.12 | % | | | 29.76 | % |
| Fully diluted tangible book value per common share (1) | | $ | 19.47 | | | $ | 19.51 | | | $ | 18.81 | | | $ | 18.29 | | | $ | 17.58 | |
| Total capital to risk-weighted assets (4) | | | 16.17 | % | | | 16.05 | % | | | 15.62 | % | | | 15.38 | % | | | 15.34 | % |
| Total common equity tier 1 capital to risk-weighted assets (4) | | | 14.92 | % | | | 14.79 | % | | | 14.36 | % | | | 14.13 | % | | | 14.09 | % |
| Tier I Capital to Average Assets (4) | | | 11.12 | % | | | 10.63 | % | | | 10.19 | % | | | 9.92 | % | | | 10.22 | % |
| Tangible common equity to tangible assets (1) | | | 8.95 | % | | | 9.41 | % | | | 8.60 | % | | | 8.00 | % | | | 8.13 | % |
| Earnings per common share | | $ | 0.91 | | | $ | 0.84 | | | $ | 0.78 | | | $ | 0.83 | | | $ | 0.84 | |
| Weighted average number of common shares used in computing earnings per share | | | 5,604,048 | | | | 5,594,749 | | | | 5,586,133 | | | | 5,586,738 | | | | 5,607,086 | |
| | (1) | Refer to the "Reconciliation of GAAP to Non-GAAP Measures" section of this document for additional detail. |
| | (2) | Total Non-Interest Expense divided by the sum of Net Interest Income and Total Non-Interest Income. |
| | (3) | Dividends declared per common share divided by earnings per common share. |
| | (4) | Represents Bank-only ratios. Current period capital ratios are preliminary subject to finalization of the Bank’s September 30, 2026 FDIC Call Report. |
Total assets for the Company at September 30, 2026, were $1.23 billion, a decrease of $56 million from year end 2025, but $5.4 million or 0.44% higher than total assets of $1.23 billion as of September 30, 2025. The year-to-date change primarily reflects lower cash balances used to fund loan growth, pay off two maturing advances totaling $25.0 million, and to cover a cyclical decrease in deposit balances. Contributing to the Company’s year-over-year growth in assets was an increase in in the Company's gross loan portfolio of $60.3 million, or 6.26%, compared to the 2025 period. 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 (interest bearing transaction accounts and time deposits). Deposit balances increased $35.5 million, or 3.52%, compared to September 30, 2025, but decreased $26.9 million or 2.51% since year end 2025 largely reflecting cyclical changes in municipal and business deposit balances.
The Company’s securities portfolio totaled $113 million as of September 30, 2026, a 21.74% 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 September 30, 2026, the reduction to equity was $13.4 million, representing additional reductions of $2.9 million and $3.9 million from the adjustments to equity of $10.5 million as of September 30, 2025, and $9.6 million as of December 31, 2025, respectively.
Net interest income for the third quarter ended September 30, 2026, increased $1.1 million, or 10.89%, to $11.7 million, compared to $10.5 million for the same quarter in 2025. The quarter-over-quarter improvement reflects an increase of $1.1 million, or 7.59%, in interest and fees on loans due to strong loan growth and higher yields, partially offset by an increase in interest on deposits expense of $243 thousand, or 6.46%. Net interest income for the nine months ended September 30, 2026, increased $4 million or 13.43%, to $33.9 million, compared to $29.8 million for the same period in 2025, reflecting the same trends.
The provision for credit losses for the third quarter ended September 30, 2026, was $473 thousand compared to $258 thousand for the same period in 2025. The year-to-date provision for credit losses was $1.6 million, compared to $991 thousand for the same period in 2025. The $595 thousand year-over-year increase in the provision was driven primarily by strong loan growth. The provision for credit losses for September 30, 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.
Non-interest income for the third quarter ended September 30, 2026, of $1.9 million decreased $188 thousand, or 8.98%, compared to $2.1 million for the same period in 2025. Non-interest income for the nine months ended September 30, 2026, grew to $6 million, compared to $5.7 million for the nine months ended September 30, 2025, an increase of $233 thousand, or 4.06% year-over-year. Non-interest expenses increased $337 thousand, or 5.12%, for the third quarter comparison period, and $1.4 million, or 7.03%, for the nine-month period year-over-year.
Equity capital increased to $120.8 million, with a book value per share of $21.53, as of September 30, 2026, compared to equity capital of $113.7 million and a book value per share of $20.36 as of December 31, 2025, and $111.9 million and a book value per common share of $19.64 as of September 30, 2025. This change includes an increase of $3.9 million in unrealized losses in the investment portfolio year-to-date and an increase of $2.9 million year-over-year, due to changing bond rates, which decreased the fair value of the investment portfolio, as well as increases in retained earnings of $9.9 million year-to-date and $13.1 million year-over-year. 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 September 30, 2025.
President and CEO Christopher Caldwell commented on the Company’s results: “Community Bancorp is pleased with our results for the first nine months of 2026. Tangible book value per share has grown 6.5% since the start of the year, even though higher interest rates have lowered the fair value of our investment securities. Tangible book value per share is also up almost 11% compared to the same time last year. Third quarter earnings per share rose 8% compared to the same period last year, and year-to-date earnings per share is 16% higher than in the same period of 2025. Our net interest margin is now above 4% for the quarter. We are also working hard to manage our costs resulting in a non-interest expense to average assets ratio of 2.27% as of the end of the third quarter. We are proud of the hard work our community bankers do every day. These results come directly from that work and their commitment to our communities. As always, we are grateful for the trust our communities, clients, and shareholders have placed in us.”
As previously announced, the Company declared a quarterly cash dividend of $0.26 per share payable November 1, 2026, to shareholders of record as of October 15, 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 Hampshire
Forward Looking Statements
This 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 Measures
In 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)
| | | September 30, | | | December 31, | | | September 30, | |
| | | 2026 | | | 2025 | | | 2025 | |
| Assets | | | | | | | | | |
| Cash and due from banks | | $ | 11,737,962 | | | $ | 11,802,391 | | | $ | 11,813,247 | |
| Federal funds sold and overnight deposits | | | 35,551,116 | | | | 116,259,370 | | | | 49,052,312 | |
| Total cash and cash equivalents | | | 47,289,078 | | | | 128,061,761 | | | | 60,865,559 | |
| Securities available-for-sale (amortized cost $130,162,738 and $156,694,754 at 09/30/26 and 12/31/25, respectively) | | | 113,112,170 | | | | 144,528,758 | | | | 152,248,319 | |
| Restricted equity securities, at cost | | | 1,879,250 | | | | 2,933,050 | | | | 3,256,550 | |
| Loans held-for-sale | | | 414,115 | | | | 138,000 | | | | 1,269,208 | |
| Loans | | | 1,022,135,569 | | | | 965,285,662 | | | | 961,882,509 | |
| Allowance for credit losses | | | (12,342,070 | ) | | | (10,864,983 | ) | | | (10,769,269 | ) |
| Deferred net loan costs | | | 1,234,875 | | | | 786,604 | | | | 738,390 | |
| Net loans | | | 1,011,028,374 | | | | 955,207,283 | | | | 951,851,630 | |
| Bank premises and equipment, net | | | 12,319,094 | | | | 12,090,886 | | | | 12,391,426 | |
| Accrued interest receivable | | | 4,679,749 | | | | 4,607,975 | | | | 4,459,788 | |
| Bank owned life insurance | | | 5,454,176 | | | | 5,398,085 | | | | 5,378,643 | |
| Goodwill | | | 11,574,269 | | | | 11,574,269 | | | | 11,574,269 | |
| Other real estate owned | | | - | | | | 319,019 | | | | 319,019 | |
| Other assets | | | 23,795,469 | | | | 22,699,860 | | | | 22,556,932 | |
| Total assets | | $ | 1,231,545,744 | | | $ | 1,287,558,946 | | | $ | 1,226,171,343 | |
| Liabilities and Shareholders' Equity | | | | | | | | | | | | |
| Liabilities | | | | | | | | | | | | |
| Deposits: | | | | | | | | | | | | |
| Demand, non-interest bearing | | $ | 208,452,304 | | | $ | 218,842,543 | | | $ | 205,211,509 | |
| Interest-bearing transaction accounts | | | 319,840,172 | | | | 299,636,739 | | | | 284,204,977 | |
| Money market funds | | | 138,684,988 | | | | 187,132,921 | | | | 155,502,114 | |
| Savings | | | 145,752,113 | | | | 142,543,291 | | | | 143,737,440 | |
| Time deposits, $250,000 and over | | | 52,921,976 | | | | 46,913,997 | | | | 43,064,201 | |
| Other time deposits | | | 178,151,708 | | | | 175,598,510 | | | | 176,579,922 | |
| Total deposits | | | 1,043,803,261 | | | | 1,070,668,001 | | | | 1,008,300,163 | |
| Repurchase agreements | | | 34,888,892 | | | | 41,498,171 | | | | 34,178,676 | |
| Borrowed funds | | | 10,975,022 | | | | 35,975,022 | | | | 46,275,022 | |
| Junior subordinated debentures | | | 12,887,000 | | | | 12,887,000 | | | | 12,887,000 | |
| Accrued interest and other liabilities | | | 8,185,775 | | | | 12,843,774 | | | | 12,650,140 | |
| Total liabilities | | | 1,110,739,950 | | | | 1,173,871,968 | | | | 1,114,291,001 | |
| Shareholders' Equity | | | | | | | | | | | | |
| Preferred stock, 1,000,000 shares authorized, 0 shares issued and outstanding at 09/30/26 and 12/31/25, 15 shares issued and outstanding at 09/30/2025 ($100,000 liquidation value, per share) | | | 0 | | | | 0 | | | | 1,500,000 | |
| Common stock - $2.50 par value; 15,000,000 shares authorized , 5,910,960 shares issued at 09/30/26, 5,882,266 shares issued at 12/31/25, and 5,867,045 shares issued at 09/30/25 | | | 14,777,400 | | | | 14,705,665 | | | | 14,667,613 | |
| Additional paid-in capital | | | 41,108,926 | | | | 40,076,561 | | | | 39,725,620 | |
| Retained earnings | | | 82,922,070 | | | | 73,021,908 | | | | 69,843,878 | |
| Accumulated other comprehensive loss | | | (13,469,950 | ) | | | (9,611,137 | ) | | | (10,532,522 | ) |
| Less: treasury stock, at cost; 300,409 shares at 09/30/26, 299,399 shares at 12/31/25, and 247,554 shares at 09/30/25 | | | (4,532,652 | ) | | | (4,506,019 | ) | | | (3,324,247 | ) |
| Total shareholders' equity | | | 120,805,794 | | | | 113,686,978 | | | | 111,880,342 | |
| Total liabilities and shareholders' equity | | $ | 1,231,545,744 | | | $ | 1,287,558,946 | | | $ | 1,226,171,343 | |
| | | | | | | | | | | | | |
| Book value per common share outstanding | | $ | 21.53 | | | $ | 20.36 | | | $ | 19.64 | |
Community Bancorp. and Subsidiary
Consolidated Statements of Income (unaudited)
| | | Quarter Ended | | | Quarter Ended | |
| | | September 30, 2026 | | | September 30, 2025 | |
| Interest income | | | | | | |
| Interest and fees on loans | | $ | 15,280,406 | | | $ | 14,201,931 | |
| Interest on taxable debt securities | | | 701,640 | | | | 912,616 | |
| Interest on tax-exempt debt securities | | | 80,411 | | | | 80,411 | |
| Dividends | | | 35,438 | | | | 68,400 | |
| Interest on federal funds sold and overnight deposits | | | 148,689 | | | | 153,496 | |
| Total interest income | | | 16,246,584 | | | | 15,416,854 | |
| Interest expense | | | | | | | | |
| Interest on deposits | | | 4,009,312 | | | | 3,765,915 | |
| Interest on borrowed funds | | | 131,946 | | | | 663,155 | |
| Interest on repurchase agreements | | | 226,491 | | | | 234,756 | |
| Interest on junior subordinated debentures | | | 223,156 | | | | 242,038 | |
| Total interest expense | | | 4,590,905 | | | | 4,905,864 | |
| Net interest income | | | 11,655,679 | | | | 10,510,990 | |
| Credit loss expense | | | 473,309 | | | | 258,753 | |
| Net interest income after credit loss expense | | | 11,182,370 | | | | 10,252,237 | |
| Non-interest income | | | | | | | | |
| Service fees | | | 1,011,068 | | | | 1,002,753 | |
| Income from sold loans | | | 95,274 | | | | 102,389 | |
| Other income from loans | | | 304,290 | | | | 260,459 | |
| Income from investment in CFS Partners | | | 352,499 | | | | 591,020 | |
| Other income | | | 143,878 | | | | 138,433 | |
| Total non-interest income | | | 1,907,009 | | | | 2,095,054 | |
| Non-interest expense | | | | | | | | |
| Salaries and wages | | | 2,561,698 | | | | 2,432,661 | |
| Employee benefits | | | 1,115,766 | | | | 959,918 | |
| Occupancy expenses, net | | | 775,069 | | | | 748,354 | |
| Other expenses | | | 2,478,238 | | | | 2,452,565 | |
| Total non-interest expense | | | 6,930,771 | | | | 6,593,498 | |
| Income before income taxes | | | 6,158,608 | | | | 5,753,793 | |
| Income tax expense | | | 1,067,995 | | | | 1,007,007 | |
| Net income | | $ | 5,090,613 | | | $ | 4,746,786 | |
| Earnings per common share | | $ | 0.91 | | | $ | 0.84 | |
| Weighted average number of common shares used in computing earnings per share | | | 5,604,048 | | | | 5,607,086 | |
| Dividends declared per common share | | $ | 0.26 | | | $ | 0.25 | |
Community Bancorp. and Subsidiary
Consolidated Statements of Income (unaudited)
| | | Nine Months Ended | | | Nine Months Ended | |
| | | September 30, 2026 | | | September 30, 2025 | |
| Interest income | | | | | | |
| Interest and fees on loans | | $ | 44,461,625 | | | $ | 41,108,667 | |
| Interest on taxable debt securities | | | 2,248,212 | | | | 2,719,893 | |
| Interest on tax-exempt debt securities | | | 241,234 | | | | 241,234 | |
| Dividends | | | 134,759 | | | | 174,886 | |
| Interest on federal funds sold and overnight deposits | | | 1,230,200 | | | | 547,302 | |
| Total interest income | | | 48,316,030 | | | | 44,791,982 | |
| Interest expense | | | | | | | | |
| Interest on deposits | | | 12,195,485 | | | | 11,923,830 | |
| Interest on borrowed funds | | | 819,734 | | | | 1,478,729 | |
| Interest on repurchase agreements | | | 782,597 | | | | 818,772 | |
| Interest on junior subordinated debentures | | | 666,848 | | | | 726,796 | |
| Total interest expense | | | 14,464,664 | | | | 14,948,127 | |
| Net interest income | | | 33,851,366 | | | | 29,843,855 | |
| Credit loss expense | | | 1,585,781 | | | | 990,853 | |
| Net interest income after credit loss expense | | | 32,265,585 | | | | 28,853,002 | |
| Non-interest income | | | | | | | | |
| Service fees | | | 2,935,764 | | | | 2,859,310 | |
| Income from sold loans | | | 254,511 | | | | 268,470 | |
| Other income from loans | | | 1,191,528 | | | | 862,385 | |
| Income from investment in CFS Partners | | | 1,174,733 | | | | 1,388,678 | |
| Other income | | | 408,559 | | | | 353,531 | |
| Total non-interest income | | | 5,965,095 | | | | 5,732,374 | |
| Non-interest expense | | | | | | | | |
| Salaries and wages | | | 7,773,301 | | | | 7,145,388 | |
| Employee benefits | | | 3,329,883 | | | | 3,034,163 | |
| Occupancy expenses, net | | | 2,329,512 | | | | 2,324,661 | |
| Other expenses | | | 7,720,670 | | | | 7,260,297 | |
| Total non-interest expense | | | 21,153,366 | | | | 19,764,509 | |
| Income before income taxes | | | 17,077,314 | | | | 14,820,867 | |
| Income tax expense | | | 2,929,813 | | | | 2,488,849 | |
| Net income | | $ | 14,147,501 | | | $ | 12,332,018 | |
| Earnings per common share | | $ | 2.53 | | | $ | 2.18 | |
| Weighted average number of common shares used in computing earnings per share | | | 5,595,042 | | | | 5,608,353 | |
| Dividends declared per common share | | $ | 0.76 | | | $ | 0.73 | |
Community Bancorp. and Subsidiary
Earnings Per Share (“EPS”) (unaudited)
(Dollars in thousands, except per share data)
| | | For the Quarter Ended | |
| | | September 30, 2026 | | | June 30, 2026 | | | March 31, 2026 | | | December 31, 2025 | | | September 30, 2025 | |
| Net income | | $ | 5,091 | | | $ | 4,688 | | | $ | 4,369 | | | $ | 4,636 | | | $ | 4,747 | |
| Less: dividends to preferred shareholders | | | – | | | | – | | | | – | | | $ | 12 | | | $ | 28 | |
| Net income available to common shareholders | | $ | 5,091 | | | $ | 4,688 | | | $ | 4,369 | | | $ | 4,624 | | | $ | 4,719 | |
| Weighted average number of common shares used in computing earnings per share | | | 5,604,048 | | | | 5,594,749 | | | | 5,586,133 | | | | 5,586,738 | | | | 5,607,086 | |
| Earnings per common share | | $ | 0.91 | | | $ | 0.84 | | | $ | 0.78 | | | $ | 0.83 | | | $ | 0.84 | |
Reconciliation of GAAP to Non-GAAP Measures
(unaudited)
Community Bancorp. and Subsidiary
(Dollars in thousands, except per share data)
| | | For the Quarter Ended | |
| | | September 30, 2026 | | | June 30, 2026 | | | March 31, 2026 | | | December 31, 2025 | | | September 30, 2025 | |
| Computation of Pre-tax, pre-provision net revenue | | | | | | | | | | | | | | | |
| Net interest income | | $ | 11,656 | | | $ | 11,248 | | | $ | 10,948 | | | $ | 11,030 | | | $ | 10,511 | |
| Non-interest income | | $ | 1,907 | | | $ | 2,313 | | | $ | 1,745 | | | $ | 2,177 | | | $ | 2,095 | |
| Less: Non-interest expense | | $ | 6,931 | | | $ | 7,165 | | | $ | 7,057 | | | $ | 7,240 | | | $ | 6,593 | |
| Pre-tax, pre-provision net revenue | | $ | 6,632 | | | $ | 6,395 | | | $ | 5,636 | | | $ | 5,967 | | | $ | 6,013 | |
| | | | | | | | | | | | | | | | | | | | | |
| Computation of Pre-tax, pre-provision net revenue return on average assets | | | | | | | | | | | | | | | | | | | | |
| Pre-tax, pre-provision net revenue | | $ | 6,632 | | | $ | 6,395 | | | $ | 5,636 | | | $ | 5,967 | | | $ | 6,013 | |
| Average Assets | | $ | 1,211,596 | | | $ | 1,228,309 | | | $ | 1,249,845 | | | $ | 1,247,473 | | | $ | 1,189,477 | |
| Pre-tax, pre-provision net revenue return on average assets | | | 2.17 | % | | | 2.09 | % | | | 1.83 | % | | | 1.90 | % | | | 2.01 | % |
Community Bancorp. and Subsidiary
(Dollars in thousands, except per share data)
| | | As of | |
| | | September 30, 2026 | | | June 30, 2026 | | | March 31, 2026 | | | December 31, 2025 | | | September 30, 2025 | |
| Computation of Tangible Common Equity to Tangible Assets | | | | | | | | | | | | | | | |
| Total shareholders' equity | | $ | 120,806 | | | $ | 120,894 | | | $ | 116,843 | | | $ | 113,687 | | | $ | 111,880 | |
| Less: | | | | | | | | | | | | | | | | | | | | |
| Preferred Stock | | | – | | | | – | | | | – | | | | – | | | $ | 1,500 | |
| Common shareholders' equity | | $ | 120,806 | | | $ | 120,894 | | | $ | 116,843 | | | $ | 113,687 | | | $ | 110,380 | |
| Less: | | | | | | | | | | | | | | | | | | | | |
| Goodwill | | $ | 11,574 | | | $ | 11,574 | | | $ | 11,574 | | | $ | 11,574 | | | $ | 11,574 | |
| Other Intangibles | | | – | | | | – | | | | – | | | | – | | | | – | |
| Tangible common shareholders' equity | | $ | 109,232 | | | $ | 109,320 | | | $ | 105,268 | | | $ | 102,113 | | | $ | 98,806 | |
| | | | | | | | | | | | | | | | | | | | | |
| Total Assets | | $ | 1,231,546 | | | $ | 1,172,749 | | | $ | 1,235,285 | | | $ | 1,287,559 | | | $ | 1,226,171 | |
| Less: | | | | | | | | | | | | | | | | | | | | |
| Goodwill | | $ | 11,574 | | | $ | 11,574 | | | $ | 11,574 | | | $ | 11,574 | | | $ | 11,574 | |
| Other Intangibles | | | – | | | | – | | | | – | | | | – | | | | – | |
| Tangible Assets | | $ | 1,219,971 | | | $ | 1,161,174 | | | $ | 1,223,711 | | | $ | 1,275,985 | | | $ | 1,214,597 | |
| | | | | | | | | | | | | | | | | | | | | |
| Tangible Common Equity to Tangible Assets | | | 8.95 | % | | | 9.41 | % | | | 8.60 | % | | | 8.00 | % | | | 8.13 | % |
Community Bancorp. and Subsidiary
(Dollars in thousands, except per share data)
| | | As of | |
| | | September 30, 2026 | | | June 30, 2026 | | | March 31, 2026 | | | December 31, 2025 | | | September 30, 2025 | |
| Computation of Fully Diluted Tangible Book Value per Common Share | | | | | | | | | | | | | | | |
| Total shareholders' equity | | $ | 120,806 | | | $ | 120,894 | | | $ | 116,843 | | | $ | 113,687 | | | $ | 111,880 | |
| Less: | | | | | | | | | | | | | | | | | | | | |
| Preferred Stock | | | – | | | | – | | | | – | | | | – | | | $ | 1,500 | |
| Common shareholders' equity | | $ | 120,806 | | | $ | 120,894 | | | $ | 116,843 | | | $ | 113,687 | | | $ | 110,380 | |
| Less: | | | | | | | | | | | | | | | | | | | | |
| Goodwill | | $ | 11,574 | | | $ | 11,574 | | | $ | 11,574 | | | $ | 11,574 | | | $ | 11,574 | |
| Other Intangibles | | | – | | | | – | | | | – | | | | – | | | | – | |
| Tangible common shareholders' equity | | $ | 109,232 | | | $ | 109,320 | | | $ | 105,268 | | | $ | 102,113 | | | $ | 98,806 | |
| | | | | | | | | | | | | | | | | | | | | |
| Common shares issued and outstanding | | | 5,610,551 | | | | 5,601,858 | | | | 5,596,572 | | | | 5,582,927 | | | | 5,619,491 | |
| | | | | | | | | | | | | | | | | | | | | |
| Fully Diluted Tangible Book Value per Common Share | | $ | 19.47 | | | $ | 19.51 | | | $ | 18.81 | | | $ | 18.29 | | | $ | 17.58 | |
For more information, contact:
Investor Relations
ir@communitynationalbank.com
