Company: EMYB
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001449794-25-000035
Chunk: 18

Company: Embassy Bancorp, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 8
Chunk 18
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 the fair value hierarchy utilized at September 30, 2025 and December 31, 2024, respectively, are as follows:                   (Level 1)  (Level 2)          Quoted   Significant   (Level 3)       Prices in Active  Other   Significant       Markets for  Observable  Unobservable     Description   Identical Assets   Inputs  Inputs Total                (In Thousands) U.S. Treasury securities$ - $ 75,934 $ - $ 75,934 U.S. Government agency obligations  -   19,138   -   19,138 Municipal bonds  -   59,559   -   59,559 U.S. Government Sponsored Enterprise (GSE) -               Mortgage-backed securities - residential  -   179,683   -   179,683 September 30, 2025 Securities available for sale$ - $ 334,314 $ - $ 334,314              U.S. Treasury securities$ - $ 34,740 $ - $ 34,740 U.S. Government agency obligations  -   12,446   -   12,446 Municipal bonds  -   58,000   -   58,000 U.S. Government Sponsored Enterprise (GSE) -                Mortgage-backed securities - commercial  -   436   -   436 U.S. Government Sponsored Enterprise (GSE) -                Mortgage-backed securities - residential  -   175,206   -   175,206  December 31, 2024 Securities available for sale$ - $ 280,828 $ - $ 280,828 The fair value of securities available for sale are determined by matrix pricing (Level 2), which is a mathematical technique used widely in the industry to value debt securities without relying exclusively on quoted market prices for the specific securities, but rather by relying on the securities’ relationship to other benchmark quoted prices. For these securities, the Company obtains fair value measurements from an independent pricing service. The fair value measurements consider observable data that may include dealer quotes, market spreads, cash flows, the U.S. Treasury yield curve, live trading levels, trade execution data, market consensus prepayment speeds, credit information and the security’s terms and conditions, among other things. For financial assets measured at fair value on a nonrecurring basis, the fair value measurements by level within the fair value hierarchy used at September 30, 2025 and December 31, 2024, respectively, are as follows