Community Bancorp Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 10, 2020 at 10:32 pm
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Community Bancorp announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced net interest income was USD 6.984 million compared to USD 6.715 million a year ago. Net income was USD 2.842 million compared to USD 2.419 million a year ago. Basic earnings per share from continuing operations was USD 0.54 compared to USD 0.46 a year ago. For the half year, net interest income was USD 13.280 million compared to USD 12.875 million a year ago. Net income was USD 4.703 million compared to USD 4.191 million a year ago. Basic earnings per share from continuing operations was USD 0.89 compared to USD 0.8 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.