Company: EMYB
Filing Date: 2025-03-17
Form Type: 10-K
Source: 0001449794-25-000002
Chunk: 8

Company: Embassy Bancorp, Inc.
Filing Date: 2025-03-17
Form: 10-K
Item: Item 7A
Chunk 8
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 Net Cash (Used in) Provided by Investing Activities  (36,153)   3,255 CASH FLOWS FROM FINANCING ACTIVITIES     Net increase (decrease) in deposits  76,726    (44,874)Net (decrease) increase in securities sold under agreements to repurchase  (10,342)   1,853 Proceeds from Employee Stock Purchase Plan  70    69 (Decrease) increase in short-term borrowed funds  (19,375)   35,000 Purchase of treasury stock  (72)   (132)Dividends paid  (3,199)   (3,041)Net Cash Provided by (Used in) Financing Activities  43,808    (11,125)Net Increase in Cash and Cash Equivalents  17,599    11,628 CASH AND CASH EQUIVALENTS - BEGINNING  78,923    67,295 CASH AND CASH EQUIVALENTS - ENDING$ 96,522  $ 78,923               SUPPLEMENTARY CASH FLOWS INFORMATION     Interest paid$ 28,819  $ 11,260 Income taxes paid$ 1,991  $ 3,352             Non-cash Investing and Financing Activities:              Right of use assets obtained in exchange for new operating lease liabilities$ 1,131  $ 911  See notes to consolidated financial statements.‎ 

59    Embassy Bancorp, Inc.  

  Notes to Consolidated Financial Statements Note 1 – Summary of Significant Accounting Policies Principles of Consolidation and Nature of Operations Embassy Bancorp, Inc. (the “Company”) is a Pennsylvania corporation organized in 2008 and registered as a bank holding company pursuant to the Bank Holding Company Act of 1956, as amended (the “BHC Act”). The Company was formed for purposes of acquiring Embassy Bank For The Lehigh Valley (the “Bank”) in connection with the reorganization of the Bank into a bank holding company structure, which was consummated on November 11, 2008. Accordingly, the Company owns all of the capital stock of the Bank, giving the organization more flexibility in meeting its capital needs as the Company continues to grow.  The Bank, which is the Company’s principal operating subsidiary, was originally incorporated as a Pennsylvania bank on May 11, 2001 and