Company: EMYB
Filing Date: 2025-03-17
Form Type: 10-K
Source: 0001449794-25-000002
Chunk: 43

Company: Embassy Bancorp, Inc.
Filing Date: 2025-03-17
Form: 10-K
Item: Item 7A
Chunk 43
---
 real estate properties acquired through, or in lieu of, foreclosure.  ‎ 

89    Embassy Bancorp, Inc.  

 The following table presents additional quantitative information about assets measured at fair value on a nonrecurring basis and for which the Company has utilized Level 3 inputs to determine fair value:               Quantitative Information about Level 3 Fair Value Measurements  DescriptionFair Value‎Estimate Valuation Techniques Unobservable Input Range‎(Weighted Average)               (Dollars In Thousands) December 31, 2024:          Loans individually evaluated for credit losses$ 557 Appraisal of real estate collateral Appraisal adjustments (1) 0% to -25% (-25.0%)      and pending agreement of sale Liquidation expenses (2) 0% to -7.5% (-7.5%) December 31, 2023:          Loans individually evaluated for credit losses$ 583 Appraisal of real estate collateral Appraisal adjustments (1) 0% to -25% (-24.8%)      and pending agreement of sale Liquidation expenses (2) 0% to -10.0% (-7.5%)            (1)Appraisals may be adjusted by management for qualitative factors including economic conditions and the age of the appraisal.    The range and weighted average of appraisal adjustments are presented as a percent of the appraisal. (2)Appraisals and pending agreements of sale are adjusted by management for liquidation expenses.  The range and weighted average  of liquidation expense adjustments are presented as a percent of the appraisal or pending agreement of sale.  ‎ 

90    Embassy Bancorp, Inc.  

 The estimated fair values of the Company’s financial instruments were as follows at December 31, 2024 and 2023:                                (Level 1)                Quoted   (Level 2)            Prices in  Significant  (Level 3)         Active   Other  Significant   Carrying   Fair Value  Markets for    Observable  Unobservable   Amount   Estimate  Identical Assets  Inputs   Inputs                (In Thousands)December 31, 2024:              Financial assets:              Cash and cash equivalents$ 96,522 $ 96,522 $ 96,522 $ - $ -Securities available-for-sale  280,828   280,828   -   280,828   -Loans receivable, net of allowance  1,256,256   1,155,247   -   -