Company: EMYB
Filing Date: 2025-03-17
Form Type: 10-K
Source: 0001449794-25-000002
Chunk: 22

Company: Embassy Bancorp, Inc.
Filing Date: 2025-03-17
Form: 10-K
Item: Item 7A
Chunk 22
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   (67)   442U.S. Government Sponsored Enterprise (GSE) - ‎   Mortgage-backed securities - residential  240,409   2   (42,518)   197,893Total$ 331,376 $ 75 $ (55,391) $ 276,060 ‎ 

69    Embassy Bancorp, Inc.  

 The amortized cost and fair value of securities as of December 31, 2024, by contractual maturity, are shown below. Expected maturities may differ from contractual maturities because borrowers may have the right to prepay obligations with or without any penalties.                    Amortized  Fair    Cost  Value           (In Thousands) Due in one year or less $ 47,276 $ 47,186 Due after one year through five years   2,350   2,230 Due after five years through ten years   6,873   6,422 Due after ten years   63,446   49,348     119,945   105,186 U.S. Government Sponsored Enterprise (GSE) - Mortgage-backed securities - commercial   508   436 U.S. Government Sponsored Enterprise (GSE) - Mortgage-backed securities - residential   224,470   175,206   $ 344,923 $ 280,828         There were no sales of securities for the years ended December 31, 2024 and December 31, 2023.  Securities with a carrying value of $152.4 million and $145.7 million at December 31, 2024 and December 31, 2023, respectively, were subject to agreements to repurchase, pledged to secure public deposits, or pledged for other purposes required or permitted by law. ‎ 

70    Embassy Bancorp, Inc.  

 The following table shows the Company’s investments’ gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at December 31, 2024 and December 31, 2023, respectively:                                          Less Than 12 Months  12 Months or More  Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses                  December 31, 2024:(In Thousands)U.S. Treasury securities$ - $ - $ 9,946 $ (47) $ 9,946 $ (47)U.S. Government agency