Company: EMYB
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001449794-25-000009
Chunk: 30

Company: Embassy Bancorp, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 8
Chunk 30
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 March 31, 2024  (In Thousands) Due to change in:   Total       # of   Change Volume Rate Days Interest-earning assets:            Loans - taxable$ 849  $ 86  $ 869  $ (106) Loans - non-taxable  24    (6)   32    (2) Investment securities - taxable  554    256    310    (12) Investment securities - non-taxable  (1)   (8)   9    (2) Federal funds sold  (2)  -    (2)   - Interest bearing deposits with banks  417    588    (168)   (3) Total net change in income on            interest-earning assets  1,841    916    1,050    (125)              Interest-bearing liabilities:            Interest bearing demand deposits,            NOW and money market  77    70    14    (7) Savings  3    (56)   67    (8) Certificates of deposit  715    911    (159)   (37) Total deposits  795    925    (78)   (52) Securities sold under agreements to            repurchase and other borrowings  (63)   (57)   (5)   (1) Total net change in expense on            interest-bearing liabilities  732    868    (83)   (53) Change in net interest income$ 1,109  $ 48  $ 1,133  $ (72)  Provision for Credit Losses and Reserve for Unfunded Loan Commitments The allowance for credit losses is established through provisions for credit losses charged against income. Loans deemed to be uncollectible are charged against the allowance for credit losses, and subsequent recoveries, if any, are credited to the allowance. The measurement of expected credit losses also applies to off-balance sheet credit exposures such as loan commitments and unused lines of credit. The allowance for credit losses is maintained at a level management considers to be adequate to provide for losses that can be reasonably anticipated over the expected life of the loans. Management’s periodic evaluation of the adequacy of the allowance is based on known and inherent risks in the portfolio, adverse situations that may affect the borrower’s ability to repay, the estimated value of any underlying collateral, composition of the