Company: EMYB
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001449794-25-000020
Chunk: 29

Company: Embassy Bancorp, Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 8
Chunk 29
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 June 30, 2025 was $20.2 million, compared to $17.6 million for the six months ended June 30, 2024. The increase in net interest income is, in part, the result of an increase in the average balances of taxable loans, an increase in the average balances of taxable investments, an increase in the average balances of interest bearing deposits with banks and federal funds sold, along with an increase in the rates of taxable and non-taxable loans and taxable and non-taxable investments. Also contributing to the increase in net interest income was a decrease in the average balance of savings and securities sold under agreement to repurchase and other borrowings, along with a decrease in the rates of interest bearing demand deposits, NOW and money markets, certificates of deposits, and securities sold under agreement to repurchase and other borrowings. The increase in net interest income was offset by a decrease in the average balance of non-taxable loans, a decrease in the average balance of non-taxable investments, an increase in the average balance of interest bearing demand deposits, NOW and money market, and an increase in the average balance of certificates of deposit, along with a decrease in the rate of fed funds sold and interest bearing deposits with banks, and an increase in the rate on savings. The Company’s net interest margin is 2.46% on a US GAAP basis and 2.50% on a tax equivalent (non-US GAAP) basis for the six months ended June 30, 2025, as compared to 2.24% on a US GAAP basis and 2.28% on a tax equivalent (non-US GAAP) basis for the six months ended June 30, 2024.‎ 

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 The tables below set forth average balances and corresponding yields for the corresponding periods ended June 30, 2025 and 2024, respectively: Distribution of Assets, Liabilities and Stockholders’ Equity:Interest Rates and Interest Differential (quarter to date)                  Three Months Ended June 30,   2025  2024        Tax       Tax  Average     Equivalent Average     Equivalent  Balance  Interest  Yield Balance  Interest  Yield                    (Dollars In Thousands)                  ASSETS                Loans - taxable (2)$ 1,248,669 $ 14,153 4.55% $1,238,627 $13,160 4.27% Loans - non-taxable (1)  26,541   251