Company: EMYB
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001449794-25-000020
Chunk: 33

Company: Embassy Bancorp, Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 8
Chunk 33
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 interest spread (non-US GAAP basis) (3)      1.92%       1.70% Net interest margin (non-US GAAP basis) (3)      2.50%       2.28% Cost of funds      1.82%       1.80%  (1)Yields on tax exempt assets have been calculated on a fully tax equivalent basis at a tax rate of 21% for the six months ended June 30, 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 six months ended June 30, 2025 and 2024, respectively. ‎ 

33  

 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 Six Months Ended June 30, 2025 June 30, 2025 compared to June 30, 2024 compared to June 30, 2024 (In Thousands) Due to change in:  Due to change in:  Total       # of  Total       # of  Change Volume Rate Days Change Volume Rate DaysInterest-earning assets:                       Loans - taxable$ 993  $ 107  $ 850  $ 36  $ 1,842  $ 193  $ 1,798  $ (149)Loans - non-taxable  23    (6)   28    1    47    (11)   61    (3)Investment securities - taxable  846    490    353    3    1,400    741    678    (19)Investment securities - non-taxable  1    (7)   7    1    -   (15)   18    (3)Federal funds sold  (2)   -   (2)    -   (5)  -    (5)    -Interest bearing deposits with banks  (254)   (112)   (145)   3    164    463    (