Company: EMYB
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001449794-25-000009
Chunk: 1

Company: Embassy Bancorp, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 8
Chunk 1
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5.  The Company has evaluated subsequent events for potential recognition and/or disclosure through the date the unaudited consolidated financial statements included in this Quarterly Report on Form 10-Q were issued. Subsequent to March 31, 2025, in April 2025, the Company purchased six (6) Treasury bonds totaling $15.0 million. Certain amounts in the 2024 consolidated financial statements may have been reclassified to conform to 2025 presentation. These reclassifications had no effect on 2024 net income.  Note 2 - Summary of Significant Accounting Policies The significant accounting policies of the Company as applied in the interim financial statements presented herein are substantially the same as those followed on an annual basis as presented in the Company’s Form 10-K for the year ended December 31, 2024.‎ 

8  Embassy Bancorp, Inc.                                                                                                                            Notes to Consolidated Financial Statements (Unaudited) 

Note 3 – Securities Available For Sale At March 31, 2025 and December 31, 2024, respectively, the amortized cost and fair values of securities available-for-sale were as follows:                            Gross Gross    Amortized Unrealized Unrealized Fair Cost Gains Losses Value             (In Thousands)March 31, 2025:           U.S. Treasury securities$ 74,989 $ 284 $ (41) $ 75,232U.S. Government agency obligations  19,034   57   (55)   19,036Municipal bonds  72,648   6   (15,287)   57,367U.S. Government Sponsored Enterprise (GSE) - ‎   Mortgage-backed securities - residential  220,948   -   (45,572)   175,376Total$ 387,619 $ 347 $ (60,955) $ 327,011             December 31, 2024:           U.S. Treasury securities$ 34,777 $ 10 $ (47) $ 34,740U.S. Government agency obligations  12,499   3   (56)   12,446Municipal bonds  72,669   13   (14,682)   58,000U.S. Government Sponsored Enterprise (GSE) - ‎   Mortgage-backed securities - commercial  508   -   (72)   436U.S. Government Sponsored Enterprise (G