Company: EMYB
Filing Date: 2025-03-17
Form Type: 10-K
Source: 0001449794-25-000002
Chunk: 5

Company: Embassy Bancorp, Inc.
Filing Date: 2025-03-17
Form: 10-K
Item: Item 7A
Chunk 5
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-Interest Income  3,185   2,629OTHER NON-INTEREST EXPENSES     Salaries and employee benefits  14,246   13,772Occupancy and equipment  4,138   3,894Data processing  2,941   2,954Advertising and promotion  928   986Professional fees  1,098   1,073FDIC insurance  793   760Loan & real estate  244   215Charitable contributions  934   931Other  1,971   1,806Total Other Non-Interest Expenses  27,293   26,391      Income before Income Taxes  12,509   15,455INCOME TAX EXPENSE  2,069   2,799Net Income$ 10,440 $ 12,656      BASIC EARNINGS PER SHARE$ 1.37 $1.67      DILUTED EARNINGS PER SHARE$ 1.37 $1.67      DIVIDENDS PER SHARE$ 0.42 $0.40 See notes to consolidated financial statements.‎

56    Embassy Bancorp, Inc.  

 Consolidated Statements of Comprehensive Income                                                                Year Ended December 31,  2024 2023           (In Thousands)          Net Income$   10,440 $   12,656Change in Accumulated Other Comprehensive Loss:         Unrealized holding (loss) gain              on securities available for sale  (8,779)     9,376  Less: reclassification adjustment              for realized gains  -     -     (8,779)     9,376  Income tax effect  1,844     (1,969)  Net unrealized (loss) gain  (6,935)     7,407  Other comprehensive (loss) income, net of tax    (6,935)     7,407Comprehensive Income$   3,505 $   20,063 See notes to consolidated financial statements.  

57    Embassy Bancorp, Inc.  

 Consolidated Statements of Stockholders’ EquityYears Ended December 31, 2024 and 2023                                          Common Stock Surplus Retained Earnings Accumulated Other Comprehensive Loss Treasury Stock Total (In Thousands, Except Share and Per Share Data)BALANCE - DECEMBER 31, 2022$ 7,740 $ 27,627 $ 106,551