BETHLEHEM, Pa., Aug. 19, 2024 (GLOBE NEWSWIRE) -- On August 12, 2024, Embassy Bancorp, Inc. (OTCQX:EMYB) (the "Company") filed its Quarterly Report on Form 10-Q for the period ended June 30, 2024, a copy of which can be found at https://investors.embassybank.com/sec-filings/documents/default.aspx.
Highlights of the filing, which includes consolidated financial information of the Company and Embassy Bank For the Lehigh Valley (the "Bank"), the Company's wholly-owned subsidiary, include:
Total assets surpassed $1.7 billion.
Cash and cash equivalents on hand of $135.9 million at June 30, 2024, or 7.9% of total assets.
Deposits of $1.6 billion at June 30, 2024, an increase of $91.4 million from $1.5 billion at December 31, 2023. Non-interest bearing deposits increased $23.1 million during this same period. The Company does not have any brokered deposits.
The Company had no short or long term borrowings as of June 30, 2024, and during the six months ended June 30, 2024, repaid short-term borrowings of $35 million. There were no new short or long term borrowings during the six months ended June 30, ...
