COMMUNITY BANCORP /VT
For the period ended Dec 31, 2025. Filed Mar 27, 2026.
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FY2025 · Filed Mar 27, 2026
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EX-13 · Other investments
Other investments
In December 2024, the Company made an equity investment in a NMTC financing structure (see Note 9). The Company’s investment in the NMTC is amortized using the proportional amortization method.
From time to time, the Company acquires partnership interests in limited partnerships for low-income housing projects. New investments in limited partnerships are amortized using the proportional amortization method. All investments made before January 1, 2015 are amortized using the effective yield method.
The Company previously held a one-third ownership interest in CFS Partners, which in turn owns 100% of CFSG, a non-depository trust company. Commencing March 1, 2025, the Company’s share of CFS Partners’ net income increased from 33.3% to 50%. (see Note 9). The Company's investment in CFS Partners is accounted for under the equity method of accounting and effective July 31, 2025, its membership interest in CFS Partners increased to 50% upon the redemption of all the membership interest of one of the three members.
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