Company: EMYB
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001449794-25-000009
Chunk: 36

Company: Embassy Bancorp, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 8
Chunk 36
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 estate loans are originated primarily within Lehigh and Northampton counties, are within the Company’s underwriting criteria, and generally include the guarantee of one or more of the borrowers’ affiliates. At March 31, 2025, the Company’s office space portfolio included no exposure to properties in major metropolitan markets. Commercial real estate loans have drawn the attention of the regulators in recent years as a potential source of risk. The Company monitors these types of loans closely, obtaining updated appraisals on loans when required. As detailed in the Allowance for Credit Losses table, the Company had no charge-offs in this category in 2025 or 2024. The Company believes it has taken the appropriate steps to implement appropriate risk management practices for its commercial real estate loan portfolio, which are subject to regulatory examination.‎ 

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 The details for non-performing loans and assets are included in the following table:            March 31, 2025   December 31, 2024   March 31, 2024          (In Thousands)Non-accrual - commercial$ 151  $ 151  $ -Non-accrual - consumer  323    344    244 Loans past due 90 or more days, accruing interest  -   -   -Total nonperforming loans  474    495    244 Foreclosed assets  -   -   -Total nonperforming assets$ 474  $ 495  $ 244 Nonperforming loans to total loans 0.04%  0.04%  0.02%Nonperforming assets to total assets 0.03%  0.03%  0.01%Non-accrual loans to total loans 0.04%  0.04%  0.02%Allowance to non-accrual loans 2578.48%  2457.78%  5140.57%Net charge-offs (recoveries) to average loans 0.00%  -0.02%  -0.02% Premises and Equipment Company premises and equipment, net of accumulated depreciation, decreased $182 thousand from December 31, 2024 to March 31, 2025. This decrease is due to depreciation on existing premises and equipment, offset by new purchases. Deposits Total deposits at March 31, 2025 increased by $59.0 million to $