Company: EMYB
Filing Date: 2025-03-17
Form Type: 10-K
Source: 0001449794-25-000002
Chunk: 3

Company: Embassy Bancorp, Inc.
Filing Date: 2025-03-17
Form: 10-K
Item: Item 7A
Chunk 3
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Testing of the completeness and accuracy of data used by management in determining qualitative factor adjustments by agreeing to internal and external source data.Testing the mathematical accuracy of the qualitative factor adjustments within the allowance calculation. Evaluating the reasonableness of management’s conclusions regarding the appropriateness of the qualitative factor adjustments when compared to the underlying internal and external source data.  /s/ Baker Tilly US, LLP  We have served as the Company’s auditor since 2001. Allentown, PennsylvaniaMarch 17, 2025  

54    Embassy Bancorp, Inc.  

 Consolidated Balance Sheets                     December 31,  December 31,   ASSETS2024  2023           (In Thousands, Except Share Data)  Cash and due from banks$ 16,399 $ 16,133  Interest bearing demand deposits with banks  79,123   61,790  Federal funds sold  1,000   1,000  Cash and Cash Equivalents  96,522   78,923  Securities available for sale   280,828   276,060  Restricted investment in bank stock  1,663   2,458  Loans receivable, net of allowance for credit losses of $12,166 in 2024; $12,461 in 2023  1,256,256   1,241,578  Premises and equipment, net of accumulated depreciation  3,322   3,734  Bank owned life insurance  36,652   26,310  Accrued interest receivable  3,604   3,298  Other assets  25,573   24,135  Total Assets$ 1,704,420 $ 1,656,496  LIABILITIES AND STOCKHOLDERS' EQUITY       Liabilities:       Deposits:       Non-interest bearing$ 351,371 $ 328,669  Interest bearing  1,201,588   1,147,564  Total Deposits  1,552,959   1,476,233  Securities sold under agreements to repurchase  4,895   15,237  Short-term borrowings  15,625   35,000  Accrued interest payable  7,812   7,844  Other liabilities  16,649   16,527  Total Liabilities  1