Company: EMYB
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001449794-25-000020
Chunk: 36

Company: Embassy Bancorp, Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 8
Chunk 36
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 total loans receivable, compared to $12.2 million or 0.97% of total loans receivable as of June 30, 2024. At December 31, 2024, the allowance for credit losses was $12.2 million, which represented 0.96% of total loans receivable. Based principally on loan growth, economic conditions, asset quality, and loan-loss experience, including that of comparable institutions in the Company’s market area, the allowance is believed to be adequate to absorb any losses expected in the portfolio. Because future events affecting borrowers and collateral cannot be predicted with certainty, there can be no assurance that the existing allowance for credit losses is adequate, or that material increases will not be necessary should the quality of the loans deteriorate. The Company has not participated in any sub-prime lending activity. The activity in the allowance for credit losses is shown in the following table, as well as period end loans receivable and the allowance for credit losses as a percent of the total loans receivable portfolio: 3                           Three Months Ended Six Months Ended June 30,  June 30,  2025 2024 2025 2024             (In Thousands)Loans receivable at end of period$ 1,281,066 $ 1,262,132 $ 1,281,066 $ 1,262,132Allowance for credit losses:           Balance, beginning $ 12,222 $ 12,543 $ 12,166 $ 12,461   Credit for credit losses  (165)   (286)   (109)   (444)   Loans charged off:                 Commercial real estate  (136)   -   (136)   -      Commercial construction  -   -   -   -      Commercial  (15)   -   (15)   -      Residential real estate  -   -   -   -      Consumer  (1)   (11)   (1)   (11)   Total loans charged off  (152)   (11)   (152)   (11)   Recoveries of loans previously charged off:                 Commercial real estate  -   -   -   240      Commercial construction  -   -   -   -      Commercial  -   -   -   -      Residential real estate  -   -   -   -      Consumer  -   -   -   -   Total recoveries  -   -   -   240   Net (charge