Community Bancorp (CMTV) investor relations material

Executive summary

• Net income for Q2 2026 was $4.9 million ($0.84/share), up 15.5% year-over-year; six-month net income was $9.1 million ($1.62/share), up 19.4% year-over-year, driven by higher net interest and non-interest income.

• Consolidated assets decreased 8.9% to $1.17 billion as of June 30, 2026, due to seasonal deposit runoff and a decrease in federal funds sold and overnight deposits, partially offset by loan growth.

• Book value per share increased to $21.58 from $20.36 at year-end 2025 and $18.69 year-over-year; tangible book value per share rose 17% year-to-date.

• Dividend of $0.25 per share declared, payable August 1, 2026.

Financial highlights

• Net interest income for Q2 2026 was $11.2 million, up from $9.9 million in Q2 2025; for the first six months, it was $22.2 million, up from $19.3 million.

• Total interest income increased 8.0% for Q2 and 9.2% for the first half of 2026 year-over-year.

• Non-interest income for Q2 2026 was $2.6 million, up 10.71% year-over-year; non-interest expense rose 7.47%.

• Gross loan portfolio grew $28.8 million (3.06%) year-over-year; deposits up $48.7 million (5.22%) year-over-year.

• Securities portfolio decreased 11.45% to $128 million since year-end 2025.

Outlook and guidance

• Management expects continued pressure on deposit balances due to seasonal factors and competitive market conditions, but highlights strong performance and increased visibility from index inclusions.

• Interest rate risk is actively managed, with simulations indicating NII sensitivity within policy limits for ±200 bps rate shifts.

• Forward-looking statements caution about economic, regulatory, and competitive risks.

• Capital ratios remain well above regulatory minimums, supporting ongoing dividend payments and potential share repurchases.