Company: EMYB
Filing Date: 2025-03-17
Form Type: 10-K
Source: 0001449794-25-000002
Chunk: 21

Company: Embassy Bancorp, Inc.
Filing Date: 2025-03-17
Form: 10-K
Item: Item 7A
Chunk 21
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 year end, in January 2025 the Company purchased nine (9) Treasury bonds and one (1) government agency bond totaling $33.7 million, in February 2025 the Company purchased six (6) Treasury bonds and two (2) government agency bonds totaling $17.9 million, and in March 2025 the Company purchased two (2) Treasury bonds and (2) government agency bonds totaling $14.8 million. Also subsequent to year end, in January 2025 the Company paid off the FHLB short-term borrowings of $15.6 million, as described in Note 8. Reclassification Certain amounts in the 2023 consolidated financial statements may have been reclassified to conform to 2024 presentation. These reclassifications had no effect on 2023 net income.  ‎ 

68    Embassy Bancorp, Inc.  

 Note 2 – Securities Available For Sale The amortized cost and approximate fair values of securities available-for-sale were as follows at December 31, 2024 and 2023, respectively:                                Gross Gross    Amortized Unrealized Unrealized Fair Cost Gains Losses Value             (In Thousands)December 31, 2024:           U.S. Treasury securities$ 34,777 $ 10 $ (47) $ 34,740U.S. Government agency obligations  12,499   3   (56)   12,446Municipal bonds  72,669   13   (14,682)   58,000U.S. Government Sponsored Enterprise (GSE) - ‎   Mortgage-backed securities - commercial  508   -   (72)   436U.S. Government Sponsored Enterprise (GSE) - ‎   Mortgage-backed securities - residential  224,470   -   (49,264)   175,206Total$ 344,923 $ 26 $ (64,121) $ 280,828            December 31, 2023:           U.S. Treasury securities$ 14,867 $ - $ (277) $ 14,590U.S. Government agency obligations  2,463   -   (124)   2,339Municipal bonds  73,128   73   (12,405)   60,796U.S. Government Sponsored Enterprise (GSE) - ‎   Mortgage-backed securities - commercial  509   -