Community Bancorp Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 15, 2021 at 03:07 pm EST
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Community Bancorp reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported net interest income was USD 8.48 million compared to USD 7.04 million a year ago. Net income was USD 3.7 million compared to USD 2.88 million a year ago. Basic earnings per share from continuing operations was USD 0.69 compared to USD 0.54 a year ago.
For the nine months, net interest income was USD 23.76 million compared to USD 20.32 million a year ago. Net income was USD 9.77 million compared to USD 7.58 million a year ago. Basic earnings per share from continuing operations was USD 1.82 compared to USD 1.43 a year ago.
Community Bancorp. is a bank holding company for Community National Bank (the Bank). Through the Bank, it provides a range of loan and deposit services to individuals, businesses, nonprofit organizations and municipalities in its northern and central Vermont markets. Its services include business banking, commercial real estate lending, residential real estate lending, retail credit, municipal and institutional banking and retail banking. It offers a range of credit products for a variety of general business purposes, including financing for commercial business properties, equipment, inventories and accounts receivable, and standby letters of credit. It provides a range of products to meet the financing needs of commercial developers and investors, residential builders and developers and community development entities. It also provides a full range of consumer banking services, including checking accounts, night deposit facilities and online, mobile, telephone banking and others.