Community Bancorp reported earnings results for the fourth quarter and year ended December 31, 2013. The company has reported earnings for the fourth quarter ended December 31, 2013, of $1,451,600 or $0.29 per share compared to $1,147,298 or $0.23 per share for the fourth quarter of 2012, an improvement of 27.0%

The company's earnings of $5,086,655 or $1.03 per share for the full year compares favorably to $4,400,690 or $0.88 per share in 2012. Net interest income improved $1,258,636, the provision for loan losses decreased by $330,000, and non interest expenses decreased $574,296. These positive trends were offset by a decrease in non interest income of $206,392 and an increase in the provision for income tax expense of $1,270,575. The company was able to achieve an increase in net interest income due to a decrease in interest expense, attributable to a combination of a lower cost of funds as high-yielding borrowings were paid off and deposit balances shifted from high yield CD's to lower yielding products and a decrease in the interest rate on the junior subordinated debentures.