Company: EMYB
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001449794-25-000020
Chunk: 31

Company: Embassy Bancorp, Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 8
Chunk 31
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 $10,419      $8,888   Tax equivalent adjustments                    Loans    67       61       Investments    79       79   Total tax equivalent adjustments    146       140   Net interest income on a tax equivalent basis   $10,565      $9,028   Net interest spread (US GAAP basis)      1.93%       1.63% Net interest margin (US GAAP basis)      2.50%       2.23% Net interest spread (non-US GAAP basis) (3)      1.96%       1.67% Net interest margin (non-US GAAP basis) (3)      2.52%       2.27% Cost of funds      1.82%       1.87%  (1)Yields on tax exempt assets have been calculated on a fully tax equivalent basis at a tax rate of 21% for the three months ended June 30, 2025 and 2024, respectively.(2)The average balance of taxable loans includes loans in which interest is no longer accruing.(3)Non-US GAAP net interest spread and net interest margin calculated on a fully tax equivalent basis at a tax rate of 21% for the three months ended June 30, 2025 and 2024, respectively.‎ 

32  

 Distribution of Assets, Liabilities and Stockholders’ Equity:Interest Rates and Interest Differential (year to date)                     Six 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)$ 1,245,789 $ 27,859 4.52% $ 1,236,589 $ 26,017 4.23% Loans - non-taxable (1)  26,584   504 4.85%   27,268   457 4.26% Investment securities - taxable  282,380   4,218 3.02%   223,420   2,818 2.54% Investment securities - non-taxable (1)  39,564   594 3.84%   40,570   594 3.73% Federal funds sold  1,000   22 4.45%