Annual Meeting of Shareholders
June 18, 2025
Embassy Bancorp, Inc.
Caution on Forward Looking Statements
This presentation may contain forward-looking statements, including statements of goals, intentions, and expectations as to future trends, plans, events or results of Embassy Bancorp, Inc.’s (“Company”) operations and policies and regarding general economic conditions. These forward-looking statements are intended to be covered by the safe harbor for forward-looking statements provided by the Private Securities Litigation Reform Act of 1995.These statements are based upon current and anticipated economic conditions, nationally and in the Company’s market, interest rates and interest rate policy, competitive factors and other conditions that, by their nature, are not susceptible to accurate forecast, and are subject to significant uncertainty.
Such forward-looking statements can be identified by the use of forward-looking terminology such as “believes”, “expects”, “may”, “intends”, “will”, “should”, “anticipates”, or the negative of any of the foregoing or other variations thereon or comparable terminology, or by discussion of strategy.
No assurance can be given that the future results covered by forward-looking statements will be achieved. Such statements are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Embassy Bancorp, Inc.
2
Important factors that could impact the Company’s operating results
include, but are not limited to, ( i) the effects of changing economic
conditions in the Company’s market areas and nationally, ( ii) credit ris ks
of commercial, real es tate, consumer and other lending activities , ( iii)
s ignificant changes in interes t rates and related depos it flows , ( iv)
changes in federal and s tate banking laws and regulations which could
impact the Company’s operations including polic ies of the U.S .
Department of Treasury and Federal Res erve sys tem, ( v) changes in
accounting policies or procedures as may be required by FASB or
regulatory agencies , ( vi) geopolitical events in the Ukraine and Rus s ia,
( vii) adverse developments in the financial indus try generally, such as
the recent bank failures and related respons ive measures to manage
such developments , and ( viii) other external developments which could
materially affect the Company’s bus ines s and operations , as well as the
risks described in the Company’s Form 10-K for the year ended
December 31, 2024 and subsequent filings with the SEC.
Certain information contained in this presentation and s tatements made
orally during this presentation relate to or are based on publications and
other data obtained from third-party sources . While the Company
believes thes e third-party sources to be reliable as of the date of this
presentation, the Company has not independently verified, and makes
no representation as to the adequacy, fairnes s , accuracy or
completenes s of, any information obtained from third-party sources .
Board
of Directors
Frank "Chip" Banko III
Geoffrey F. Boyer
John G. Englesson
Bernard M. Lesavoy
David M. Lobach, Jr.
Chairman
John C. Pittman
Patti Gates Smith
John T. Yurconic
3
Embassy Bancorp, Inc.
Leadership Team
David M. Lobach, Jr.
Judith A. Hunsicker
Diane M. Cunningham
Lynne M. Neel
Mark A. Casciano
Michael B. Macy
Jeffrey C. Skumin
Brandi L. Stefanov
Jennifer A. Tropeano
4
Embassy Bancorp, Inc.
Business
of the Meeting
5 David M. Lobach, Jr. Judith A. Hunsicker
Embassy Bancorp, Inc.
Business
of the Meeting
6
Determination
of a Quorum
Business
of the Meeting
7
Proposal #1
To elect four Class 3 Directors of the Company for a term of 3 years:
•Bernard M. Lesavoy
•David M. Lobach, Jr., Chairman
•John C. Pittman
•John T. Yurconic
Business
of the Meeting
8
Proposal #2
To approve an advisory, non-binding resolution regarding executive compensation.
Proposal #3
To approve an advisory, non-binding proposal on the frequency of future advisory votes regarding executive compensation.
Business
of the Meeting
9
Proposal #4
To ratify the appointment of Baker Tilly US, LLP as the Company’s independent registered public accounting firm for the year ended December 31, 2025.
Proposal #5
A non-binding shareholder proposal, if properly presented at the meeting
Business
of the Meeting
10
The Polls are
Now Closed
Team
Community
Customer
- Lynne Neel
11
12 Figures as of 3/31/2025
10
Branch
Offices
114
Dedicated Team
Members
23
Years Serving Lehigh Valley
29,439
Satisfied
Customers
28,662
29,240
29,493
2023
2024
Apr-25
13,206
15,160
15,824
3,495
3,954
4,117
2023
2024
Apr-25
Retail
Business
Total Customer
Relationships
Digital Bank
Users
Excellence in Banking
Bauer Financial, Inc.
5-Star Rating
Who’s Who in Business Lehigh Valley
Bauer Financial, Inc.
winner 2022, 2023, 2024, 2025
Morning Call Readers’ Choice
Best Bank 10 Years in a row American Banker American Banker Magazine
45th of Top 100 Readers’ 2024 Choice the morning Call who’s 2025 Who in Business Lehigh Valley
14
Community
Engagement & Recognition
1.1M
donated to local charities and organizations annually
14M
of support to Lehigh Valley agencies since 2001
192
organizations served in 2024
46
community event
participation
in 2024
Honoring Tradition
Title Sponsor of Patriotic Holidays at SteelStacks since 2011 15
5-Year Growth Trends
($millions)
16 *Does not include Paycheck Protection Program “PPP” loans
$1,442
$1,633
$1,640
$1,656
$1,704
$1,754
2020
2021
2022
2023
2024
1Q2025
$1,232
$1,467
$1,521
$1,476
$1,553
$1,612
2020
2021
2022
2023
2024
1Q2025
$1,090
$1,108
$1,208
$1,254
$1,268
$1,272
2020
2021
2022
2023
2024
1Q2025
Assets
Deposits
Loans*
10-Year Growth Trends
($millions)
17 *Does not include PPP loans
$690
$799
$858
$957
$1,013
$1,090
$1,108
$1,208
$1,254
$1,268
$1,272
$660
$833
$901
$932
$1,032
$1,232
$1,467
$1,521
$1,476
$1,553
$1,612
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
1Q2025 Total Loans* Total Deposits
Branches
Deposits
Cost of Funds
- Diane Cunningham 18
10 Lehigh Valley Offices
8 Offices Over $100 Million
No Staff Reduction / Layoffs
No Branch Closings / Consolidation
Organically Grown
Efficiently Operated 19
Other banks cut branches. We grow them. Embassy Bank for the lehigh valley
Average Branch Size
$157,124
$160,390
June 2024
March 2025
Embassy Bank 2024 – 1Q25
($000’s) 20
Source: FDIC Summary of Depos its Statis tics Lehigh and Northampton Counties and
internal records .
2024 Peer Comparison
($000’s , as of June 2024)
$157,124
$118,287
Embassy Bank
Peers
Embassy Flagship Office & Central
Operations
• Opened November 6 , 2001
• $416,318,000 of depos its as of
June 30 , 2024
• Larges t bank branch, by depos its ,
in Northampton County, PA
100 Gateway Drive 21
Deposits
$1,232
$1,467
$1,521
$1,476
$1,553
$1,612
2020
2021
2022
2023
2024
1Q2025 ($millions) +31% 22
Deposits – 1Q25 Growth
Core Deposit Generation
Proactive Engagement
Capturing Market Opportunities
Loyalty Fostered by Trust
Key Drivers of Growth
$1,553
$1,612
2024 +4% 1Q2025
New Account Activity
(9,108 Accounts)
Checking & Savings
69%
CD
31%
Deposit Composition
(% of Total Deposits) As of year-end 2024
Checking38%
CD47% Savings15% 24
Top 10 Commercial Banks by Deposit Market Share
Lehigh and Northampton Counties as of June 30, 2024
Rank
Institution Name
Total Active Branches
Total Deposits ($000)
Deposit Market Share (%)
YoY Change in Branches
YoY Deposit Growth (%)
1
Wells Fargo Bank NA
22
3,539,593
19.95
(2)
-4%
2
Truist Bank
17
2,251,878
12.69
(1)
-1%
3
Fulton Bank NA
13
1,647,979
9.29
(1)
5%
4
Embassy Bank for the Lehigh Valley
10
1,571,240
8.86
0
4%
5
PNC Bank NA
11
1,377,711
7.76
(1)
-2%
6
Bank of America NA
7
1,206,704
6. 80
0
-3%
7
TD Bank NA
7
928,120
5.23
0
0%
8
American Bank
1
736,406
4.15
0
8%
9
Santander Bank NA
7
697,372
3.93
0
2%
10
New Tripoli Bank
3
562,188
3.17
0
2% Source: S & P Global Marketplace Peer Analytics 25
0.27% 0.54% 0.29% Cost of Funds
1.22%
1.86%
2020
2021
2022
2023
2024
Annual Trends
2025 Quarterly Trends
1.71%
1.86%
1.98%
1.91%
1.80%
1Q2024
2Q2024
3Q2024
4Q2024
1Q2025 26
5-Year History
27
Figures based on Median Values, banks with assets of $100M to $5B.
Source: S&P Global Market Intelligence/Velligan -Blaxall Consultants, LLC.
Benchmark: Stock banks across the U.S.. Peer Group: Banks headquartered in PA .
0
0.5
1
1.5
2
2020
2021
2022
2023
2024
1Q2025
Embassy
PA Peers
N'tl Benchmark
1.86%
2.15%
2.18% 2024
1Q2025 Cost of Funds 1.80%
2.09%
2.11%
Embassy
Net Interest Margin
Asset Quality
Liquidity
- Judy Hunsicker 28
Loan Yield Trends
4.28%
4.14%
4.14%
4.43%
4.81%
4.99%
Commercial*
3.64%
3.35%
3.30%
3.60%
3.92%
4.09%
Consumer
3.91%
3.69%
3.65%
3.96%
4.32%
4.48%
Total* 2020 2021 2022 2023 2024 2020 2021 2022 2023 2024 2020 2021 2022 2023 2024 29
Available for Sale
Securities Yield
2.02%
1.78%
1.90%
1.97%
2.23%
2.46%
2020
2021
2022
2023
2024
1Q2025 30
44,329
$47,506
$50,385
$57,157
$64,971
2020
2021
2022
2023
2024
($000’s)
$15,097
$16,938
1Q 2024Interest Income
Annual Trends
Quarterly Trend 31
1Q 2025
Interest Expense
$6,413
$4,012
$4,103
$18,118
$28,787
2020
2021
2022
2023
2024
$6,378
$7,110
1Q 2024
1Q 2025
Annual Trends
Quarterly Trend 32
Net Interest Income
$37,916
$43,494
$46,282
$39,039
$36,184
2020
2021
2022
2023
2024
$8,719
$9,828
1Q 2024
1Q 2025
Annual Trends
Quarterly Trend 33
Net Interest Margin*
Quarterly Trends
*Tax Equivalent
2.20%
2.16%
2.21%
2.28%
2.34%
1Q2024
2Q2024
3Q2024
4Q2024
1Q2025 34
Loans*
$1,090
$1,108
$1,208
$1,254
$1,268
$1,272
2020
2021
2022
2023
2024
1Q2025 35 *PPP loans not included
Loan Composition1Q2025 Commercial 48% Consumer & Mortgage 52%
Commercial Lending
2024 New Loan Volume
186 Loans $78M
2024 Average New Loan Size
$419,355
$512,541
$488,678
$563,581
$589,825
$598,534
$604,575
2020
2021
2022
2023
2024
1Q2025
Commercial Loans Outstanding*
($000’s) 36 *PPP loans not included
Commercial Lending Composition
CRE Loans32%
Non-CRE Loans68%
1Q2025 Commercial
Real Estate (CRE)*
Construction & Land Dev. 6%
Multifamily Res. 27%
Non-Farm/Non-Res Owner Occupied 22%
Non-Farm/Non-Res Non-Owner Occupied 43% 37 *As a percent of total loans
Consumer & Mortgage Lending
2024 New Loan Volume
705 Loans $121M
2024 Average New Loan Size
$171,461
$577,077
$619,336
$644,757
$663,692
$669,200
$667,668
2020
2021
2022
2023
2024
1Q2025
Consumer & Mortgage Loans Outstanding
($000’s) 38
2024 Residential Mortgage Loans Originated
Lehigh and Northampton Counties
Amount & Number of Loans
39 Source: S & P Global Market Intelligence – Res idential and Commercial Analytic s
(Private Party Lenders excluded from above comparison)
$187.1 M
$156.1 M
$123.9 M
$96.5 M
$91.6 M
$88.6 M
$81.2 M
$80.5 M
$73.8 M
$64.8 M
CrossCountryMortgage, LLC(Cleveland, OH)
Rocket Mortgage, LLC(Detroit, MI)
Embassy Bancorp,Inc. (Bethlehem, PA)
First CommonwealthFederal Credit Union(Allentown, PA)
Prosperity HomeMortgage, LLC(Fairfax, VA)
Newrez LLC (FortWashington, PA)
NVR MortgageFinance, Inc. (Reston,VA)
UWM HoldingsCorporation (Pontiac,MI)
Mortgage America,Inc. (Whitehall, PA)
CMG Home Loans
776 39
747
709
701
571
344
305
286
258
252
Rocket Mortgage, LLC(Detroit, MI)
First CommonwealthFederal Credit Union(Allentown, PA)
Embassy Bancorp,Inc. (Bethlehem, PA)
CrossCountryMortgage, LLC(Cleveland, OH)
People First FederalCredit Union(Allentown, PA)
The PNC FinancialServices Group, Inc.(Pittsburgh, PA)
Newrez LLC (FortWashington, PA)
Prosperity HomeMortgage, LLC(Fairfax, VA)
Mortgage America,Inc. (Whitehall, PA)
UWM HoldingsCorporation (Pontiac,MI)
Non-Current Loans to Total Loans
Peer Comparison*
Number of
Bank-Owned Properties
0.04%
0.35%
0.46%
2024 1Q2025
2024 1Q2025
2024 1Q2025
0.72%
0.46%
0.04%
Nat’l Benchmark
PA Peers
12/31/24 & 3/31/25
ZERO
*Figures based on Median Values, banks with assets of $100M to $5B.
Source: S&P Global Market Intelligence/Velligan -Blaxall Consultants, LLC.
Benchmark: Stock banks across the U.S. Peer Group: Banks headquartered in PA .
Embassy Bank
Securities Available
for Sale*
($000’s)
$130,940
$310,264
$316,992
$276,060
$280,828
$327,011
2020
2021
2022
2023
2024
1Q2025
*Embassy Bancorp classifies its entire securities portfolio as available for sale.
$(2,937)
$1,194
$51,107
$43,700
$50,635
$47,880
2020
2021
2022
2023
2024
1Q2025 Accumulated Other Comprehensive (Gain) Loss
($000’s) 41
Portfolio Effective Duration
(in Years)
*Figures based on Median Values, banks with assets of $100M to $5B.
Source: S&P Global Market Intelligence/Velligan-Blaxall Consultants, LLC.
Benchmark: Stock banks across the U.S. Peer Group: Banks headquartered in PA.
3.12
5.56
6.30
7.10
5.60
5.52
2020
2021
2022
2023
2024
1Q2025
16%
17%
19%
Embassy Bank
NationalBenchmark
PA Peer Group
Securities to Total Assets
2024 Peer Comparison 42
$225M
Cash, Cash Equivalents & Unpledged Securities
43 *FHLB Advance of $15.6 Million repaid 01/02/2025.
$913M
Total Liquidity as of
12/31/2024
$688M
Available Borrowing Facilities*
No Brokered Deposits 43
Efficiency
Income
Return
Shareholder Value
- Dave Lobach 44
2024 Efficiency
1.36%
1.96%
1.84%
Embassy Bank
NationalBenchmark
PA Peer Group
Net
Overhead Ratio
Figures based on Median Values, banks with assets of $100M to $5B.
Source: S&P Global Market Intelligence/Velligan -Blaxall Consultants, LLC.
Benchmark: Stock banks across the U.S. Peer Group: Banks headquartered in PA .
Revenue
Per Employee ($000’s)
$118.08
$74.88
$66.94
Embassy Bank
NationalBenchmark
PA Peer Group
0.83%
1.42%
1.33%
Embassy Bank
NationalBenchmark
PA Peer Group
Salary Expense
to Average Assets 45
2024 Efficiency
Figures based on Median Values, banks with assets of $100M to $5B.
Source: S&P Global Market Intelligence/Velligan -Blaxall Consultants, LLC.
Benchmark: Stock banks across the U.S. Peer Group: Banks headquartered in PA .
$15,221
$7,101
$7,111
Embassy Bank
NationalBenchmark
PA Peer Group
$13,872
$6,005
$5,906
Embassy Bank
NationalBenchmark
PA Peer Group
$11,325
$4,647
$4,959
Embassy Bank
NationalBenchmark
PA Peer Group
Assets Per Employee Deposits Per Employee
Loans Per Employee
($000’s)
($000’s)
($000’s) 46
2024 Performance Benchmark Data
47
Figures based on Median Values, banks with assets of $100M to $5B.
Source: S&P Global Market Intelligence/Velligan -Blaxall Consultants, LLC.
Benchmark: Stock banks across the U.S. Peer Group: Banks headquartered in PA.
Embassy Bank
PA Peer Group
Nat'l Benchmark
Embassy Outperforms
Net Interest Margin (FTE) (%)
2.21
3.00
3.40
Cost of Funds (%)
1.86
2.18
2.15
Net Overhead (%)
1.36
1.84
1.96
Efficiency Ratio (%)
66.79
69.62
66.97
Assets per Employee ($000)
15,221
7,111
7,101
Nonperforming Assets to Total Assets (%)
0.14
0.43
0.30
Noncurrent Loans to Total Loans (%)
0.04
0.46
0.35
Return on Average Assets (%)
0.64
0.74
0.88
Return on Average Equity (%)
10.27
9.00
9.19
Non-Interest Income
($000’s)
Non-Interest Expense
$2,445
$2,400
$2,343
$2,629
$3,185
2020
2021
2022
2023
2024
$22,110
$24,127
$25,737
$26,391
$27,293
2020
2021
2022
2023
2024 48
17,554
$12,656
$10,440
$1,064
$2,211
$148
2020
2021
2022
2023
2024
Non-PPP Income
PPP Income 17,554
$12,656
$10,440
$1,064
$2,211
$148
2020
2021
2022
2023
2024
Non-PPP Income
PPP Income
Net Income
Annual Trends
($000’s) 49
Net Income
Quarterly Trends
($000’s)
$2,536
$2,492
$2,714
$2,698
$2,887
1Q2024
2Q2024
3Q2024
4Q2024
1Q2025 50
1Q2025 Return on Average
Shareholder Equity
1Q2025 Return on
Average Assets
0.69%
0.80%
0.94%
Embassy Bank
PA Peer Group
NationalBenchmark 11.08%
9.43%
9.39%
Embassy Bank
PA Peer Group
NationalBenchmark 51 Figures based on Median Values, banks with assets of $100M to $5B.
Source: S&P Global Market Intelligence/Velligan-Blaxall Consultants , LLC.
Benchmark: Stock banks acros s the U.S. Peer Group: Banks headquartered in PA.
Book Value
per Share
52
8.67%
Compounded Annual
Growth Rate (2002-2024)
522.83%
Overall Growth Rate
(2002-2024)
One-Year Price Return
5/31/2024 – 5/30/2025
Source: Standard Poors Capital IQ Pro as of May 30, 2025
26.25%
16.11%
15.67%
14.21%
12.02%
11.64%
10.26%
9.26%
-0.19%
S&P BanksMid-Atlantic
S&PUSSmallCapBanks
EMYB
NASDAQ
S&P 500
Russell 3000
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DJIA
Russell 2000 53
Annual Dividend Announcement
54 Shareholders of record as of 06/27/2025
Payable 07/15/2025
$0.17
$0.20
$0.22
$0.30
$0.35
$0.40
$0.42
$0.48
2018
2019
2020
2021
2022
2023
2024
2025
Thank You 55
Closing Items
Questions
& Answers
Results
of Voting
Conclusion of Meeting 56