Company: EMYB
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001449794-25-000009
Chunk: 39

Company: Embassy Bancorp, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 8
Chunk 39
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 consist of unfunded loans and commitments, as well as lines of credit made under the same standards as on-balance sheet instruments. These unused commitments totaled $176.9 million and $180.5 million at March 31, 2025 and December 31, 2024, respectively. At March 31, 2025   and December 31, 2024 there was a $83 thousand and $92 thousand allowance for credit losses required for off-balance sheet arrangements, respectively. At both March 31, 2025 and December 31, 2024, the Company had letters of credit outstanding of $6.6 million, respectively. Because these instruments have fixed maturity dates, and because many of them will expire without being drawn upon, they do not generally present any significant liquidity risk to the Company. Management is of the opinion that the Company’s liquidity is sufficient to meet its anticipated needs.  Capital Resources and Adequacy Total stockholders’ equity was $112.4 million as of March 31, 2025, representing a net increase of $6.0 million from December 31, 2024. The increase in capital was the result of net income of $2.9 million, an increase in common stock of $18 thousand, an increase in surplus of $297 thousand due to employee stock purchases and stock grants with compensation expense, and a decrease of $2.8 million in accumulated other comprehensive loss. The accumulated other comprehensive losses are excluded from both the Bank’s and the Company’s Tier 1 regulatory capital calculations.  The Company’s tangible book value per share, calculated as total stockholders’ equity divided by outstanding common stock shares, was $14.71 and $13.96 at March 31, 2025 and December 31, 2024, respectively.    The Company and the Bank are subject to various regulatory capital requirements administered by banking regulators. Failure to meet minimum capital requirements can initiate certain actions by regulators that could have a material effect on the consolidated financial statements. The regulations require that banks maintain minimum amounts and ratios of total and Tier 1 capital (as defined in the regulations) to risk weighted assets (as defined in the regulations), and Tier 1 capital to average assets (as defined in the regulations). As of March 31, 2025, the Bank met the minimum requirements. In addition, the Bank’s capital ratios exceeded the amounts required to be considered “well capitalized” as defined in the regulations.‎ 

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 The following table