Company: EMYB
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001449794-25-000035
Chunk: 41

Company: Embassy Bancorp, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 8
Chunk 41
---
, with an increase of $11.9 million. The gross loan-to-deposit ratio decreased to 79% at September 30, 2025, compared to 82% at December 31, 2024. The Company’s loan portfolio at September 30, 2025 was comprised of residential real estate and consumer loans of $680.7 million, an increase of $11.5 million from December 31, 2024, and commercial loans of $598.4 million, a decrease of $130 thousand from December 31, 2024. The Company has not originated, nor does it intend to originate, sub-prime mortgage loans.  Credit Risk and Loan Quality The Company’s allowance for credit losses was $11.9 million and $12.2 million at September 30, 2025 and December 31, 2024, respectively, a decrease of $225 thousand. At September 30, 2025 and December 31, 2024, the allowance for credit losses represented 0.93% and 0.96% of total loans receivable, respectively. The Company’s non-performing loans to total loans receivable were 0.04% at September 30, 2025, compared to 0.10% at September 30, 2024, and 0.04% at December 31, 2024. In the three months ended September 30, 2025 and September 30, 2024, there were no charge-offs and no recoveries. In the nine months ended September 30, 2025, there were charge-offs of $152 thousand and no recoveries. In the nine months ended September 30, 2024, there were charge-offs of $11 thousand and recoveries of $240 thousand. The aggregate balances on non-performing loans are included in the following table. At September 30, 2025, approximately 96% of the Company’s loan portfolio is collateralized by real estate. Our loan portfolio includes a large amount of commercial real estate loans. Management believes the commercial real estate loan portfolio is well-diversified. At September 30, 2025 and December 31, 2024, high volatility commercial real estate exposures were $6.4 million and $11.0 million, respectively.  Commercial real estate loans are originated primarily within Lehigh and Northampton counties, are within the Company’s underwriting criteria, and generally include the guarantee of one or