Company: EMYB
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001449794-25-000009
Chunk: 15

Company: Embassy Bancorp, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 8
Chunk 15
---
 March 31, 2024 $(48,458)    ‎ 

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

 Note 10 – Basic and Diluted Earnings per Share Basic earnings per share represents income available to common stockholders divided by the weighted-average number of common shares outstanding during the period, as adjusted for stock dividends and splits. Diluted earnings per share reflect additional common shares that would have been outstanding if dilutive potential common shares had been issued, as well as any adjustments to income that would result from the assumed issuance. Potential common shares that may be issued by the Company relate solely to outstanding stock options and are determined using the treasury stock method.                Three Months Ended      March 31,       2025  2024                 (Dollars In Thousands, Except Share and Per Share Data)  Net income  $ 2,887 $ 2,536              Weighted average shares outstanding    7,636,972   7,602,670   Dilutive effect of potential common shares, stock options    -   -   Diluted weighted average common shares outstanding    7,636,972   7,602,670              Basic earnings per share  $0.38 $ 0.33   Diluted earnings per share  $0.38 $ 0.33             There were no stock options not considered in computing diluted earnings per common share for the three months ended March 31, 2025 and March 31, 2024.  Note 11 – Fair Value Measurements  The Company uses fair value measurements to record fair value adjustments to certain assets and liabilities and to determine fair value disclosures. The fair value of a financial instrument is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value is best determined based upon quoted market prices. However, in many instances, there are no quoted market prices for the Company’s various financial instruments. In cases where quoted market prices are not available, fair values are based on estimates using present value or other valuation techniques. Those techniques are significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. Accordingly, the fair value estimates may not be realized in an immediate settlement of the instrument.Fair value guidance provides a consistent definition of fair value, which focuses on exit price in an orderly transaction (that is, not a forced liquidation or distressed sale) between