Company: EMYB
Filing Date: 2025-03-17
Form Type: 10-K
Source: 0001449794-25-000002
Chunk: 31

Company: Embassy Bancorp, Inc.
Filing Date: 2025-03-17
Form: 10-K
Item: Item 7A
Chunk 31
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170          11,019    12,361 Accumulated depreciation  (7,697)   (8,627)       $ 3,322  $ 3,734     Note 6 – Deposits The components of deposits:               December 31, 2024 2023       (In Thousands)      Demand, non-interest bearing$ 351,371  $ 328,669 Demand, NOW and money market, interest bearing  270,775    252,400 Savings  444,102    493,129 Time, $250 and over  167,615    138,765 Time, other  319,096    263,270 Total deposits$ 1,552,959  $ 1,476,233  At December 31, 2024, the scheduled maturities of time deposits are as follows (in thousands):            2025$ 433,668   2026  47,966   2027  3,353   2028  1,581   2029  143         $ 486,711        ‎ 

80    Embassy Bancorp, Inc.  

 Note 7 - Securities Sold under Agreements to Repurchase and Offsetting Assets and Liabilities Securities sold under agreements to repurchase generally mature within a few days from the transaction date and are reflected at the amount of cash received in connection with the transaction. The securities are retained under the Company’s control at its safekeeping agent. The Company adjusts collateral based on the fair value of the underlying securities, on a monthly basis. Information concerning securities sold under agreements to repurchase is summarized as follows:                       2024  2023              (Dollars In Thousands)             Balance outstanding at December 31$ 4,895   $ 15,237    Weighted average interest rate at the end of the year 2.727%  2.659%  Average daily balance during the year$ 17,360   $ 12,711    Weighted average interest rate during the year 3.137%  2.299%  Maximum month-end balance during the year$ 21,563   $ 15,237    The Company enters into agreements under which it sells securities subject to an obligation to repurchase the same or similar securities.  Under these