Company: EMYB
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001449794-25-000020
Chunk: 13

Company: Embassy Bancorp, Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 8
Chunk 13
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% of the fair market value of such shares on the date of purchase. The purchase price may be adjusted from time to time by the Board of Directors; provided, however, that the discount to fair market value shall not exceed 15%.  The Company has authorized 350,000 shares of its common stock for the ESPP, of which 33,370 shares have been issued as of June 30, 2025. The Company recognized discount expense in relation to the ESPP of $1 thousand and $2 thousand during the three and six months ended June 30, 2025 and June 30, 2024, respectively.‎ 

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

Note 9 – Other Comprehensive Income (Loss)  US GAAP requires that recognized revenue, expenses, gains and losses be included in net income. Although certain changes in assets and liabilities, such as unrealized gains and losses on available for sale securities, are reported as a separate component of the equity section of the balance sheet, such items, along with net income, are components of comprehensive income (loss). Management believes that the unrealized losses on securities available for sale are primarily a result of the increasing market interest rates since the time of purchase and the overall current market conditions. The components of other comprehensive income (loss) both before tax and net of tax are as follows:                                          Three Months Ended June 30,   2025 2024                     (In Thousands)                     Before Tax  Net of  Before Tax  Net of   Tax Effect Tax Tax Effect TaxChange in accumulated other comprehensive loss:                  Unrealized holding gains (losses) on securities ‎   available for sale $2,611 $(549) $2,062 $ (685) $ 144 $ (541)Reclassification adjustments for gains on securities‎   transactions included in net income (A),(B)   -   -   -   -   -   -Total other comprehensive income (loss) $ 2,611 $ (549) $ 2,062 $ (685) $ 144 $ (541)                                          Six Months Ended June 30,   2025 2024                     (In Thousands)                     Before Tax  Net of  Before Tax  Net of   Tax Effect Tax Tax Effect TaxChange in accumulated other comprehensive loss:                  Unrealized holding gains (losses) on securities ‎   available for sale $6,098 $(1,281