Company: EMYB
Filing Date: 2025-03-17
Form Type: 10-K
Source: 0001449794-25-000002
Chunk: 49

Company: Embassy Bancorp, Inc.
Filing Date: 2025-03-17
Form: 10-K
Item: Item 7A
Chunk 49
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 Equity in other comprehensive (loss) income of banking subsidiary  (6,935)   7,407  Comprehensive Income $ 3,505  $ 20,063        ‎ 

95    Embassy Bancorp, Inc.  

 STATEMENTS OF CASH FLOWS                 Years Ending December 31,  2024 2023  (In Thousands)        Cash Flows from Operating Activities:      Net income$ 10,440  $ 12,656  Adjustments to reconcile net income to net cash used in      operating activities:      Stock compensation expense  521    568  Net change in other assets and liabilities  1    48  Equity in net income of banking subsidiary  (10,938)   (13,144) Net Cash Provided By Operating Activities  24    128         Cash Flows Provided By Investing Activities:      Dividend from banking subsidiary  3,345    2,871         Cash Flows from Financing Activities:      Proceeds from employee stock purchase plan  70    69  Purchase of treasury stock  (72)   (132) Dividends paid  (3,199)   (3,041)        Net Cash Used in Financing Activities          (3,201)   (3,104) Net Increase (Decrease) in Cash  168    (105) Cash – Beginning  443    548         Cash - Ending$ 611  $ 443 ‎ 

96    Embassy Bancorp, Inc.  

 Item 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTINGAND FINANCIAL DISCLOSURE. None. Item 9A. CONTROLS AND PROCEDURES. Evaluation of Disclosure Controls and Procedures The Company carried out an evaluation, under the supervision and with the participation of its management, including the Chief Executive Officer and Chief Financial Officer, of the effectiveness of the design and operation of our disclosure controls and procedures pursuant to Exchange Act Rule 13a-15 as of December 31, 2024. Based upon that evaluation, the Chief Executive Officer and Chief Financial Officer concluded, as of December 31, 2024, that the Company’s disclosure controls and procedures were effective in recording, processing, summarizing, and reporting information required to be disclosed by the Company within the time periods specified in the SEC’s rules and forms, and such information is accumulated and communicated to management to allow timely decisions regarding