Eagle Financial Services Inc (EFSI) Financial Statements (2024 and earlier)

Company Profile

Business Address 2 E MAIN ST
BERRYVILLE, VA 22611
State of Incorp. VA
Fiscal Year End December 31
Industry (SIC) 6022 - State Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments48,907117,34266,53130,78231,45786,965
Cash and cash equivalents48,907117,34266,53130,78231,45786,965
Total current assets:48,907117,34266,53130,78231,45786,965
Noncurrent Assets
Operating lease, right-of-use asset4,5774,6724,7664,860  
Property, plant and equipment18,06417,82718,06417,97218,15518,333
Regulated entity, other noncurrent assets589606 640657673
Amortization method qualified affordable housing project investments2,1002,2002,3002,4002,5002,500
Total noncurrent assets:25,33025,30525,13025,87221,31221,506
Other undisclosed assets1,702,4791,614,0751,525,0561,416,4661,349,7441,265,824
TOTAL ASSETS:1,776,7161,756,7221,616,7171,473,1201,402,5131,374,295
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt    111111
Qualified affordable housing project investments, commitment    111111
Total noncurrent liabilities:    111111
Other undisclosed liabilities1,672,7461,652,2621,514,9881,374,6091,303,0121,272,181
Total liabilities:1,672,7461,652,2621,514,9881,374,6201,303,0231,272,192
Equity
Equity, attributable to parent103,970104,460101,72998,50099,490102,103
Common stock8,6618,6518,6298,6008,5948,586
Additional paid in capital13,88113,43513,26813,00312,59412,260
Accumulated other comprehensive loss(19,416)(17,471)(20,446)(21,231)(16,756)(10,783)
Retained earnings100,84499,845100,27898,12895,05892,040
Total equity:103,970104,460101,72998,50099,490102,103
TOTAL LIABILITIES AND EQUITY:1,776,7161,756,7221,616,7171,473,1201,402,5131,374,295

Income Statement (P&L) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues
(Net Investment Income)
20,36418,55816,16414,36612,64711,509
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(410)(709)(930)  (540)
Gross profit:19,95417,84915,23414,36612,64710,969
Operating expenses(1,965)(1,859)(1,578)(1,257)(1,799)(1,382)
Other undisclosed operating income   1,882   
Operating income:17,98915,99015,53813,10910,8489,587
Nonoperating income179186131138178179
Bank owned life insurance income179179131138178179
Interest and debt expense(7,922)(5,914)(2,908)(1,467)(728)(370)
Income from continuing operations before equity method investments, income taxes:10,24610,26212,76111,78010,2989,396
Other undisclosed loss from continuing operations before income taxes(7,805)(7,142)(8,894)(6,775)(5,418)(5,477)
Income from continuing operations before income taxes:2,4413,1203,8675,0054,8803,919
Income tax expense(383)(535)(670)(923)(888)(669)
Income from continuing operations:2,0582,5853,1974,0823,9923,250
Income before gain (loss) on sale of properties:4,0823,9923,250
Net income available to common stockholders, diluted:2,0582,5853,1974,0823,9923,250

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income:2,0582,5853,1974,0823,9923,250
Other comprehensive income (loss)(1,945)2,975785(4,475)(5,973)(10,628)
Comprehensive income (loss), net of tax, attributable to parent:1135,5603,982(393)(1,981)(7,378)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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