ABS: | Asset backed security | FASB: | Financial Accounting Standards Board |
ACL: | Allowance for Credit Losses | FDIC: | Federal Deposit Insurance Corporation |
AFS: | Available-for-sale | FDICIA: | Federal Deposit Insurance Corporation |
Agency MBS: | MBS issued by a US government agency | | Improvement Act of 1991 |
| or GSE | FHLBB: | Federal Home Loan Bank of Boston |
ALCO: | Asset Liability Committee | FHLMC: | Federal Home Loan Mortgage Corporation |
AOCI: | Accumulated other comprehensive income | FOMC: | Federal Open Market Committee |
ASC: | Accounting Standards Codification | FRB: | Federal Reserve Board |
ASU: | Accounting Standards Update | FRBB: | Federal Reserve Bank of Boston |
Bancorp: | Community Bancorp. | GAAP: | Generally Accepted Accounting Principles |
Bank: | Community National Bank | | in the United States |
BHG: | Bankers Healthcare Group | GSE: | Government sponsored enterprise |
BIC: | Borrower-in-Custody | HTM: | Held-to-maturity |
Board: | Board of Directors | ICS: | Insured Cash Sweeps of the IntraFi Network |
BOLI: | Bank owned life insurance | IRS: | Internal Revenue Service |
bp or bps: | Basis point(s) | JNE: | Jobs for New England |
BTFP: | Bank Term Funding Program | Jr: | Junior |
CDARS: | Certificate of Deposit Accounts Registry | MBS: | Mortgage-backed security |
| Service of the IntraFi Network | MSRs: | Mortgage servicing rights |
CDs: | Certificates of deposit | NII: | Net interest income |
CECL: | Current Expected Credit Loss | NMTC: | New Market Tax Credit |
CFSG: | Community Financial Services Group, LLC | OAS: | Other amortizing security |
CFS Partners: | Community Financial Services Partners, | OBS: | Off-balance sheet |
| LLC | OCI: | Other comprehensive income (loss) |
CME: | CME Group Benchmark Administration Ltd. | OREO: | Other real estate owned |
CMO: | Collateralized Mortgage Obligations | OTTI: | Other-than-temporary impairment |
Company: | Community Bancorp. and Subsidiary | PMI: | Private mortgage insurance |
CRE: | Commercial Real Estate | PPP: | Paycheck Protection Program |
DCF: | Discounted cash flow | RD: | USDA Rural Development |
DDA or DDAs: | Demand Deposit Account(s) | SBA: | U.S. Small Business Administration |
DTC: | Depository Trust Company | SEC: | U.S. Securities and Exchange Commission |
DRIP: | Dividend Reinvestment Plan | SOFR: | Secured Overnight Financing Rate |
Exchange Act: | Securities Exchange Act of 1934 | USDA: | U.S. Department of Agriculture |
| | VA: | U.S. Veterans Administration |