Company: EMYB
Filing Date: 2025-03-17
Form Type: 10-K
Source: 0001449794-25-000002
Chunk: 37

Company: Embassy Bancorp, Inc.
Filing Date: 2025-03-17
Form: 10-K
Item: Item 7A
Chunk 37
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 net income (A),(B)   -   -   -   -   -   -Total other comprehensive (loss) income $ (8,779) $ 1,844 $ (6,935) $ 9,376 $ (1,969) $ 7,407                   (A) Realized gains on securities transactions included in gain on sales of securities in the accompanying Consolidated Statements of Income, as applicable.(B) Tax effect included in income tax expense in the accompanying Consolidated Statements of Income.                   There were no realized gains on securities available for sale for the years ended December 31, 2024 and 2023. A summary of the accumulated other comprehensive loss, net of tax, is as follows:          Securities  Available  for Sale      (In Thousands)Year Ended December 31, 2024 and 2023   Balance January 1, 2024 $(43,700)Other comprehensive loss before reclassifications   (6,935)Amounts reclassified from accumulated other ‎   comprehensive income   -Net other comprehensive loss during the period   (6,935)Balance December 31, 2024 $(50,635)    Balance January 1, 2023 $(51,107)Other comprehensive income before reclassifications   7,407Amounts reclassified from accumulated other ‎   comprehensive income   -Net other comprehensive income during the period   7,407Balance December 31, 2023 $(43,700)      Note 12 - Regulatory Matters  The Company and the Bank are subject to various regulatory capital requirements administered by the federal banking agencies. Under the BASEL III rules the Company and the Bank must hold a capital conservation buffer of 2.50% 

85    Embassy Bancorp, Inc.  

above the adequately capitalized risk-based capital ratios. The net unrealized gain or losses on available-for-sale securities are not included in computing regulatory capital amounts. Failure to meet the minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, both the Company and the Bank must meet specific capital guidelines that involve quantitative measures of the Bank’s assets, liabilities and certain off-balance sheet items as calculated under regulatory accounting practices. The capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk-weightings, and other factors.  Quant