Company: EMYB
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001449794-25-000009
Chunk: 24

Company: Embassy Bancorp, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 8
Chunk 24
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 accounts of the Company, the Bank and the LLC. The Bank, which is the Company’s primary operating subsidiary, was originally incorporated as a Pennsylvania bank on May 11, 2001 and opened its doors on November 6, 2001. It was formed by a group of local business persons and professionals with significant prior experience in community banking in the Lehigh Valley area of Pennsylvania, the Bank’s primary market area, for the purpose of providing a local community bank to serve Lehigh and Northampton Counties in Pennsylvania. Since its inception, the Board’s philosophy has been that, by running the Bank with a view toward the long term, only good things will happen for the Bank’s customers, team members, shareholders and the Lehigh Valley community. At March 31, 2025, the Company continued to be in a strong financial and operational condition.  The Bank’s March 31, 2025 capital ratios exceeded the amounts required to be considered “well capitalized” as defined in applicable banking regulations. The Company’s ratio of non-performing loans to total loans at March 31, 2025 was 0.04% and the ratio of non-performing assets to total assets was 0.03%. The Company had its last Community Reinvestment Act (“CRA”) examination in 2022 and received a “satisfactory” rating. The Company is currently undergoing a CRA examination. The Company’s assets increased by $49.6 million from $1.70 billion at December 31, 2024 to $1.75 billion at March 31, 2025. The increase was due to a $1.4 million increase in cash and cash equivalents, an increase of $46.2 million in securities available for sale, and an increase of $4.5 million in net loans receivable, offset by a decrease of $2.1 million in other assets. The $1.4 million increase in cash and cash equivalents was due to an increase in deposits of $59.0 million, an increase in securities sold under agreement to repurchase of $1.8 million, $24.1 million in principal pay downs on mortgage-backed securities and maturities within the securities 

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available for sale portfolio, offset by a decrease in short term borrowings of $15.6 million, the net loan growth of $4.5 million, and the purchase of $66.5 million in securities available for sale. The $46.2 million increase in securities was net of