Company: EMYB
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001449794-25-000009
Chunk: 37

Company: Embassy Bancorp, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 8
Chunk 37
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1.61 billion from $1.55 billion at December 31, 2024. The increase in the Company’s deposits was due to an increase of $13.9 million in demand, NOW and money market deposits, an increase of $19.4 million in savings, and an increase of $25.7 million in time deposits. Included in the above mentioned increase was a $780 thousand increase in non-interest bearing demand personal deposits, offset by a $3.1 million decrease in non-interest bearing demand business deposits. Included in total deposits at March 31, 2025 were personal deposits of $1.13 billion, business deposits of $383.9 million, and municipal deposits of $101.8 million. Included in total deposits at December 31, 2024 were personal deposits of $1.11 billion, business deposits of $351.9 million, and municipal deposits of $93.4 million. The Company continues to see steady increases in new deposit accounts and customer relationships. The estimated amount of uninsured assessable deposits, including related interest accrued and unpaid, at March 31, 2025 and December 31, 2024 was $552.3 million and $514.1 million, respectively. Liquidity Liquidity represents the Company’s ability to meet the demands required for the funding of loans and to meet depositors’ requirements for use of their funds. The Company’s sources of liquidity are cash balances, due from banks, and federal funds sold. Cash and cash equivalents were $97.9 million at March 31, 2025, compared to $96.5 million at December 31, 2024. Additional asset liquidity sources include principal and interest payments from the investment security and loan portfolios. Long-term liquidity needs may be met by selling unpledged securities available for sale, selling or participating loans, or raising additional capital. As noted above, selling of securities would not be a primary source of short term liquidity given the unrealized losses currently in the portfolio. At March 31, 2025, the Company had $327.0 million of available for sale securities, compared to $280.8 million at December 31, 2024. At March 31, 2025, the Bank had a maximum borrowing capacity for short-term and long-term FHLB advances of approximately $681.9 million, of which $681.8 million is available for borrowing at March 31, 2025. This borrowing capacity with the FHLB includes a line