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Condensed Financial Information - Parent Company Only (Tables)
 12 Months Ended
Dec. 31, 2021
Condensed Financial Information Of Parent Company Only Disclosure [Abstract]  
Schedule Of Condensed Balance Sheets

EAGLE FINANCIAL SERVICES, INC.

(Parent Company Only)

Balance Sheets

December 31, 2021 and 2020

(dollars in thousands)

 

 

 

2021

 

 

2020

 

Assets

 

 

 

 

 

 

 

 

Cash held in subsidiary bank

 

$

2,739

 

 

$

902

 

Loans, net of allowance

 

 

—

 

 

 

2,932

 

Investment in subsidiary

 

 

107,416

 

 

 

101,104

 

Other assets

 

 

125

 

 

 

136

 

Total assets

 

$

110,280

 

 

$

105,074

 

 

 

 

 

 

 

 

 

 

Liabilities and Shareholders’ Equity

 

 

 

 

 

 

 

 

Total liabilities

 

$

—

 

 

$

—

 

 

 

 

 

 

 

 

 

 

Shareholders’ Equity

 

 

 

 

 

 

 

 

Preferred stock

 

$

—

 

 

$

—

 

Common stock

 

 

8,556

 

 

 

8,460

 

Surplus

 

 

12,115

 

 

 

10,811

 

Retained earnings

 

 

89,764

 

 

 

82,524

 

Accumulated other comprehensive (loss) income

 

 

(155

)

 

 

3,279

 

Total shareholders’ equity

 

$

110,280

 

 

$

105,074

 

Total liabilities and shareholders’ equity

 

$

110,280

 

 

$

105,074

 
Schedule Of Condensed Income Statement

EAGLE FINANCIAL SERVICES, INC.

(Parent Company Only)

Statements of Income

Years Ended December 31, 2021 and 2020

(dollars in thousands)

 

 

 

2021

 

 

2020

 

Income

 

 

 

 

 

 

 

 

Dividends from subsidiary bank

 

$

1,500

 

 

$

4,250

 

Interest and fees on loans

 

 

64

 

 

 

133

 

Total income

 

$

1,564

 

 

$

4,383

 

 

 

 

 

 

 

 

 

 

Expenses

 

 

 

 

 

 

 

 

Other operating expenses

 

$

319

 

 

$

295

 

Total expenses

 

$

319

 

 

$

295

 

Income before income tax (benefit) and equity in undistributed earnings of subsidiary bank

 

$

1,245

 

 

$

4,088

 

 

 

 

 

 

 

 

 

 

Income Tax (Benefit)

 

 

(31

)

 

 

(34

)

Income before equity in undistributed earnings of subsidiary bank

 

$

1,276

 

 

$

4,122

 

 

 

 

 

 

 

 

 

 

Equity in Undistributed Net Income of Subsidiary Bank

 

 

9,745

 

 

 

7,050

 

Net income

 

$

11,021

 

 

$

11,172

 

Comprehensive income

 

$

7,587

 

 

$

12,969

 
Schedule Of Condensed Cash Flows Statement

EAGLE FINANCIAL SERVICES, INC.

(Parent Company Only)

Statements of Cash Flows

Years Ended December 31, 2021 and 2020

(dollars in thousands)

 

 

 

2021

 

 

2020

 

Cash Flows from Operating Activities

 

 

 

 

 

 

 

 

Net Income

 

$

11,021

 

 

$

11,172

 

Adjustments to reconcile net income to net cash provided by operating activities

 

 

 

 

 

 

 

 

Stock-based compensation expense

 

 

850

 

 

 

604

 

Provision for loan losses

 

 

(21

)

 

 

—

 

Undistributed earnings of subsidiary bank

 

 

(9,745

)

 

 

(7,050

)

Changes in assets and liabilities:

 

 

 

 

 

 

 

 

Decrease in other assets

 

 

10

 

 

 

5

 

Net cash provided by operating activities

 

$

2,115

 

 

$

4,731

 

 

 

 

 

 

 

 

 

 

Cash Flows from Investing Activities

 

 

 

 

 

 

 

 

Net decrease in loans

 

$

2,953

 

 

$

7

 

Net cash provided by investing activities

 

$

2,953

 

 

$

7

 

 

 

 

 

 

 

 

 

 

Cash Flows from Financing Activities

 

 

 

 

 

 

 

 

Cash dividends paid

 

 

(3,261

)

 

 

(3,198

)

Issuance of common stock, employee benefit plan

 

 

179

 

 

 

227

 

Retirement of common stock

 

 

(149

)

 

 

(1,854

)

Net cash (used in) financing activities

 

$

(3,231

)

 

$

(4,825

)

Increase (decrease) in cash

 

$

1,837

 

 

$

(87

)

 

 

 

 

 

 

 

 

 

Cash

 

 

 

 

 

 

 

 

Beginning

 

$

902

 

 

$

989

 

Ending

 

$

2,739

 

 

$

902