Company: EMYB
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001449794-25-000020
Chunk: 37

Company: Embassy Bancorp, Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 8
Chunk 37
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 offs) recoveries   (152)   (11)   (152)   229Balance at end of period$ 11,905 $ 12,246 $ 11,905 $ 12,246Allowance for credit losses to loans receivable at end of period 0.93%  0.97%  0.93%  0.97% In addition to the allowance for credit losses, the Company maintains a reserve for unfunded commitments at a level that management believes is adequate to absorb probable losses. At June 30, 2025 and December 31, 2024, a $70 thousand and $92 thousand unfunded commitment reserve was reported, respectively, on the Consolidated Balance Sheets in other liabilities.‎ 

35  

 Non-interest Income Total non-interest income was $936 thousand for the three months ended June 30, 2025 compared to $704 thousand for the same period in 2024. The increase is, in part, attributable to an increase in bank owned life insurance of $229 and an increase of $16 thousand in other service fees. The increase in the bank owned life insurance income was primarily due to an increase in separate account life insurance assets driven by the effect market conditions had on underlying life insurance assets. Offsetting this increase is a decrease in merchant and credit card processing fees of $20 thousand. Total non-interest income was $1.6 million for the six months ended June 30, 2025 compared to $1.4 million for the same period in 2024. The increase is, in part, attributable to an increase in bank owned life insurance of $109 thousand and an increase in other service fees of $38 thousand primarily due to overdraft fees, certificate of deposit penalty fees, and wire fees. Offsetting this increase is a decrease in merchant and credit card processing fees of $35 thousand. Non-interest Expense Non-interest expenses increased $528 thousand from $6.9 million for the three months ended June 30, 2024 to $7.4 million for the three months ended June 30, 2025. The increase in non-interest expenses is, in part, attributable to a $350 thousand increase in salaries and employee benefits due to annual increases in salaries and bonuses, new hires, and an increase in health insurance cost, offset by a decrease in stock grant expense and an increase in deferred loan costs. Additional increases in non-interest expenses are attributable to an increase of $122 thousand in data processing expenses due