Company: EMYB
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001449794-25-000035
Chunk: 26

Company: Embassy Bancorp, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 8
Chunk 26
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.5 million in cash and cash equivalents, an increase of $53.5 million in securities available for sale, and an increase of $11.9 million in net loans receivable, offset by a decrease of $3.7 million in other assets. The $11.5 million 

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increase in cash and cash equivalents was due to an increase in deposits of $67.6 million, an increase in securities sold under agreement to repurchase of $7.2 million, $55.4 million in principal pay downs on mortgage-backed securities and maturities within the securities available for sale portfolio, offset by a decrease in short term borrowings of $15.6 million, the net loan growth of $11.9 million, and the purchase of $96.5 million in securities available for sale. The $53.5 million increase in securities was net of a decrease in unrealized losses of $11.5 million. The current unrealized loss position of the securities portfolio is due to the increase in market interest rates in response to economic conditions since purchase and not due to the credit quality of the investment portfolio.  The Company's deposits increased by $67.6 million from $1.55 billion at December 31, 2024 to $1.62 billion at September 30, 2025. The increase in deposits was due to an increase of $82.9 million in interest bearing deposits, offset by a decrease of $15.3 million in non-interest bearing deposits. The Company continues to seek deposits using a highly effective relationship building, sales and marketing effort, which serves to further increase the Company’s overall presence in the market it serves, along with deposit relationships developed as a result of cross-marketing efforts to its loan and other non-depository banking service customers. The Company’s success in attracting new deposit relationships is, in part, due to the increased usage of the Company’s online banking platform, competitively offered rates, and the continued convenience and efficiency of our branch network and branch personnel. The Company continues to take advantage of deposit opportunities created by mergers, name changes, competitive branch hour and service adjustments and/or closures in the Company’s market area, and by attracting new customers looking to relocate to a local, reputable community bank. Net loans receivable of $1.27 billion and $1.26 billion at September 30, 2025 and December 31, 2024, respectively, reflected an increase of $11.9 million. The market continues to be very competitive and