Company: EMYB
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001449794-25-000020
Chunk: 27

Company: Embassy Bancorp, Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 8
Chunk 27
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 read in isolation or relied upon as a substitute for US GAAP measures. In addition, the non-US GAAP measure may not be comparable to non-US GAAP measures reported by other companies. The tax rate used to calculate the tax equivalent adjustments was 21% for 2025 and 2024. Total interest income for the three months ended June 30, 2025 increased $1.6 million to $17.7 million, as compared to $16.1 million for the three months ended June 30, 2024. Average earning assets were $1.68 billion for the three months ended June 30, 2025 as compared to $1.60 billion for the three months ended June 30, 2024. The tax equivalent yield on average earning assets was 4.27% for the second quarter of 2025 compared to 4.08% for the second quarter of 2024. Total interest expense for the three months ended June 30, 2025 increased $76 thousand to $7.3 million, as compared to $7.2 million for the three months ended June 30, 2024. Average interest bearing liabilities were $1.27 billion for the three months ended June 30, 2025 and $1.21 billion for the three months ended June 30, 2024. The yield on average interest bearing liabilities was 2.31% and 

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2.41% for the second quarter of 2025 and 2024, respectively. The Company’s cost of funds was 1.82%, 1.82%, and 1.87% for the three months ended  June 30, 2025, March 31, 2025,  and June 30, 2024, respectively.  Net interest income for the three months ended June 30, 2025 was $10.4 million, compared to $8.9 million for the three months ended June 30, 2024. The increase in net interest income is, in part, the result of an increase in the average balances of taxable loans and an increase in the average balances of taxable investments, along with an increase in the rates of taxable and non-taxable loans and taxable and non-taxable investments. Also contributing to the increase in net interest income was a decrease in the average balance of savings and securities sold under agreement to repurchase and other borrowings and a decrease in the rates of interest bearing demand deposits