Company: EMYB
Filing Date: 2025-04-28
Form Type: DEF 14A
Source: 0001449794-25-000004
Chunk: 25

Company: Embassy Bancorp, Inc.
Filing Date: 2025-04-28
Form: DEF 14A
Chunk 25
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 held as custodian under UGMA; and                 |                                               |     |                  |
| 16,572 shares attributable to Mr. Lesavoy as Manager of Red Bird.                                                                           |                                               |     |                  |
| (8) Includes 13,154 shares held jointly with spouse; 53,300 shares held by spouse; 222 shares held jointly with son; and 957 shares held as |                                               |     |                  |
| custodian under UGMA.  Of that amount, 18,524 shares are pledged as security.                                                               |                                               |     |                  |
| (9) Includes 3,734 shares held jointly with spouse.                                                                                         |                                               |     |                  |
| (10) Includes 5,555 shares held by spouse and 150 shares held by spouse as custodian under UGMA. Of that amount, 82,919                     |                                               |     |                  |
| shares are pledged as security.                                                                                                             |                                               |     |                  |
| (11) All shares held as trustee of Ms. Smith's living trust.                                                                                |                                               |     |                  |
| (12) All shares held jointly with spouse.                                                                                                   |                                               |     |                  |

INFORMATION CONCERNING COMPENSATION Compensation Philosophy Return on Investment in Our People The Board of Director’s annual compensation decisions are the product of a multi-step process. Annual salary adjustments are determined in light of budgetary constraints and overall performance. Both cash and equity bonuses are completely discretionary and based upon an evaluation of both the employee’s and Company’s overall performance for the prior year.

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In determining the amounts to be allocated toward compensation in the Company’s annual budget, generally, as well as the compensation to be paid to the Named Executive Officers, specifically, the Board of Directors and Personnel Committee have always placed a strong emphasis on the overall performance of the Company, its efficiency ratio (e.g., noninterest expense divided by total revenue (net interest income plus noninterest income), and the productivity ratios of total assets to employee, total loans to employee, total deposits to employee, and net income to employee (the “employee ratios”). The Board believes that the efficiency ratio and employee ratios are particularly important in determining compensation because it views such ratios as reasonable indicators of individual and team efforts. The Board also believes in running the Company for the long term and looks toward its management team to lead the Company’s future growth.

It is by design that the Company runs a very efficient