Company: EMYB
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001449794-25-000009
Chunk: 3

Company: Embassy Bancorp, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 8
Chunk 3
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unicipal bonds  13,350   (1,323)   43,345   (13,964)   56,695   (15,287)U.S. Government Sponsored Enterprise                    (GSE) - Mortgage -backed securities -                     residential    5   -   175,327   (45,572)   175,332   (45,572)Total Temporarily Impaired Securities$ 50,519 $ (1,365) $ 226,108 $ (59,590) $ 276,627 $ (60,955)  .                December 31, 2024: U.S. Treasury securities$ - $ - $ 9,946 $ (47) $ 9,946 $ (47)U.S. Government agency obligations  5,009   (8)   2,437   (48)   7,446   (56)Municipal bonds  13,433   (1,248)   43,888   (13,434)   57,321   (14,682)U.S. Government Sponsored Enterprise                    (GSE) - Mortgage -backed securities -                     commercial    -   -   436   (72)   436   (72)U.S. Government Sponsored Enterprise                    (GSE) - Mortgage -backed securities -                     residential   18   -   175,149   (49,264)   175,167   (49,264)Total Temporarily Impaired Securities$ 18,460 $ (1,256) $ 231,856 $ (62,865) $ 250,316 $ (64,121) The Company had two hundred one (201) securities in an unrealized loss position at March 31, 2025 and one hundred ninety seven (197) securities in an unrealized loss position at December 31, 2024. The Company reviews its investment portfolio on a quarterly basis for indications of impairment due to credit-related factors or noncredit-related factors. The Company does not intend to sell the securities and has the intent and ability to hold them for a period of time sufficient for recovery of their amortized cost basis without realizing losses on these bonds. This review includes analyzing the extent to which the fair value has been lower than the cost, the market liquidity for the investment, the financial condition and near-term prospects of the issuer, including any specific events which may influence the operations of