Company: EMYB
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001449794-25-000035
Chunk: 34

Company: Embassy Bancorp, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 8
Chunk 34
---
346,671        338,799      Other liabilities  23,491        23,890      Stockholders' equity  113,828        103,878      TOTAL LIABILITIES AND‎STOCKHOLDERS' EQUITY$1,743,040      $1,664,890                       Net interest income    $31,098      $26,777   Tax equivalent adjustments                    Loans     200        184       Investments     237        237   Total tax equivalent adjustments     437        421   Net interest income on a tax equivalent basis   $31,535      $27,198   Net interest spread (US GAAP basis)      1.93%       1.65% Net interest margin (US GAAP basis)      2.49%       2.24% Net interest spread (non-US GAAP basis) (3)      1.95%       1.69% Net interest margin (non-US GAAP basis) (3)      2.52%       2.28% Cost of funds      1.82%       1.86%  (1)Yields on tax exempt assets have been calculated on a fully tax equivalent basis at a tax rate of 21% for the nine months ended September 30, 2025 and 2024, respectively.(2)The average balance of taxable loans includes loans in which interest is no longer accruing.(3)Non-US GAAP net interest spread and net interest margin calculated on a fully tax equivalent basis at a tax rate of 21% for the nine months ended September 30, 2025 and 2024, respectively. ‎ 

33  

 The table below demonstrates the relative impact on net interest income of changes in the volume of interest-earning assets and interest-bearing liabilities and changes in rates earned and paid by the Company on such assets and liabilities:                            Three Months Ended Nine Months Ended September 30, 2025 September 30, 2025 compared to September 30, 2024 compared to September 30, 2024 (In Thousands) Due to change in:  Due to change in:  Total       # of  Total       # of  Change Volume Rate Days Change Volume Rate DaysInterest-earning assets:                       Loans - taxable$ 1,060  $ 241  $ 782  $ 37  $ 2,902  $ 431  $ 2,508  $ (