Company: EMYB
Filing Date: 2025-03-17
Form Type: 10-K
Source: 0001449794-25-000002
Chunk: 33

Company: Embassy Bancorp, Inc.
Filing Date: 2025-03-17
Form: 10-K
Item: Item 7A
Chunk 33
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,237 $ (15,237) $ - $ - As of December 31, 2024 and December 31, 2023, the fair value of securities pledged was $38.1 million and $31.7 million, respectively.  Note 8 – Short-term and Long-term Borrowings Federal funds purchased and FHLB short term advances generally represent overnight or less than twelve month borrowings. Long term advances from the FHLB are for periods of twelve months or more and are generally less than sixty months. The Bank has an agreement with the FHLB, which allows for borrowings up to a percentage of qualifying assets. At December 31, 2024, the Bank had a maximum borrowing capacity for short-term and long-term advances of approximately $686.2 million, of which $670.4 million is available for borrowing at December 31, 2024 due to an outstanding short-term FHLB advance of $15.6 million with an interest rate of 4.711% which matured and was repaid on January 2, 2025, as well as an outstanding letter of credit in amount of $160 thousand. This borrowing capacity with the FHLB includes a line of credit of $150.0 million. There were no long term FHLB advances outstanding as of December 31, 2024. There were $35.0 million short-term FHLB advances outstanding and no long-term FHLB advances outstanding as of December 31, 2023. All FHLB borrowings are secured by qualifying assets of the Bank. The Bank also has a federal funds line of credit with the ACBB of $10.0 million, of which none was outstanding at December 31, 2024 and December 31, 2023. Advances from this line are unsecured. The Bank is also eligible to borrow under the Federal Reserve Bank’s discount window borrowing programs. The Company has a revolving line of credit facility with the ACBB of $7.5 million, of which none was outstanding at December 31, 2024 and December 31, 2023. Advances from this line are unsecured. Under the terms of this facility, availability under the revolving line of credit would be reduced to $5.0 million should the Company’s net tangible ratio drop below 5% and availability would be reduced to $2.0 million should the Company’s net tangible ratio drop below 2%. If the Company’s net tangible ratio drops