Company: EMYB
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001449794-25-000009
Chunk: 29

Company: Embassy Bancorp, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 8
Chunk 29
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  501,584   5,178 4.19%   415,988   4,463 4.32% Securities sold under agreements to repurchase‎and other borrowings  6,938   47 2.75%   14,598   110 3.03% TOTAL INTEREST BEARING LIABILITIES  1,231,000   7,110 2.34%   1,161,189   6,378 2.21%                  Non-interest bearing demand deposits  350,150        332,138      Other liabilities  23,137        23,397      Stockholders' equity  111,058        103,290      TOTAL LIABILITIES AND‎STOCKHOLDERS' EQUITY$1,715,345      $1,620,014                       Net interest income    $9,828      $8,719   Tax equivalent adjustments                    Loans    67       61       Investments    79       79   Total tax equivalent adjustments    146       140   Net interest income on a tax equivalent basis   $9,974      $8,859   Net interest spread (US GAAP basis)      1.84%       1.70% Net interest margin (US GAAP basis)      2.43%       2.25% Net interest spread (non-US GAAP basis) (3)      1.87%       1.74% Net interest margin (non-US GAAP basis) (3)      2.46%       2.29%  (1)Yields on tax exempt assets have been calculated on a fully tax equivalent basis at a tax rate of 21% for the three months ended March 31, 2025 and 2024, respectively.(2)The average balance of taxable loans includes loans in which interest is no longer accruing.(3)Non-US GAAP net interest spread and net interest margin calculated on a fully tax equivalent basis at a tax rate of 21% for the three months ended March 31, 2025 and 2024, respectively.‎ 

28  

 The table below demonstrates the relative impact on net interest income of changes in the volume of interest-earning assets and interest-bearing liabilities and changes in rates earned and paid by the Company on such assets and liabilities:                 Three Months Ended  March 31, 2025  compared to