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Condensed Financial Information - Parent Company Only | 12 Months Ended
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Dec. 31, 2022
Condensed Financial Information Disclosure [Abstract] |
Condensed Financial Information - Parent Company Only | NOTE 23. Condensed Financial Information – Parent Company Only EAGLE FINANCIAL SERVICES, INC. (Parent Company Only) Balance Sheets December 31, 2022 and 2021 (dollars in thousands)
|  | 2022 |  |  | 2021 |
Assets |  |  |  |  |  |
Cash held in subsidiary bank |  | $ | 8,222 |  |  | $ | 2,739 |
Investment in subsidiary |  |  | 122,767 |  |  |  | 107,416 |
Other assets |  |  | 455 |  |  |  | 125 |
Total assets |  | $ | 131,444 |  |  | $ | 110,280 |
Liabilities and Shareholders’ Equity |  |  |  |  |  |
Subordinated debt |  | $ | 29,377 |  |  | $ | — |
Other liabilities |  |  | 338 |  |  |  | — |
Total liabilities |  | $ | 29,715 |  |  | $ | — |
Shareholders’ Equity |  |  |  |  |  |
Common stock |  |  | 8,629 |  |  |  | 8,556 |
Surplus |  |  | 13,268 |  |  |  | 12,115 |
Retained earnings |  |  | 100,278 |  |  |  | 89,764 |
Accumulated other comprehensive (loss) |  |  | (20,446 | ) |  |  | (155 | )
Total shareholders’ equity |  | $ | 101,729 |  |  | $ | 110,280 |
Total liabilities and shareholders’ equity |  | $ | 131,444 |  |  | $ | 110,280 |
EAGLE FINANCIAL SERVICES, INC. (Parent Company Only) Statements of Income Years Ended December 31, 2022 and 2021 (dollars in thousands)
|  | 2022 |  |  | 2021 |
Income |  |  |  |  |  |
Dividends from subsidiary bank |  | $ | — |  |  | $ | 1,500 |
Interest and fees on loans |  |  | — |  |  |  | 64 |
Total income |  | $ | — |  |  | $ | 1,564 |
Expenses |  |  |  |  |  |
Interest expense on subordinated debt |  | $ | 1,067 |  |  | $ | — |
Other operating expenses |  |  | 369 |  |  |  | 319 |
Total expenses |  | $ | 1,436 |  |  | $ | 319 |
(Loss) income before income tax (benefit) and equity in undistributed earnings of subsidiary bank |  | $ | (1,436 | ) |  | $ | 1,245 |
Income Tax (Benefit) |  |  | (315 | ) |  |  | (31 | )
(Loss) income before equity in undistributed earnings of subsidiary bank |  | $ | (1,121 | ) |  | $ | 1,276 |
Equity in Undistributed Net Income of Subsidiary Bank |  |  | 15,642 |  |  |  | 9,745 |
Net income |  | $ | 14,521 |  |  | $ | 11,021 |
Comprehensive (loss) income |  | $ | (5,770 | ) |  | $ | 7,587 |
EAGLE FINANCIAL SERVICES, INC. (Parent Company Only) Statements of Cash Flows Years Ended December 31, 2022 and 2021 (dollars in thousands)
|  | 2022 |  |  | 2021 |
Cash Flows from Operating Activities |  |  |  |  |  |
Net Income |  | $ | 14,521 |  |  | $ | 11,021 |
Adjustments to reconcile net income to net cash (used in) provided by operating activities |  |  |  |  |  |
Stock-based compensation expense |  |  | 1,017 |  |  |  | 850 |
Provision for loan losses |  |  | — |  |  |  | (21 | )
Undistributed earnings of subsidiary bank |  |  | (15,642 | ) |  |  | (9,745 | )
Amortization of debt issuance costs |  |  | 51 |  |  |  | — |
Changes in assets and liabilities: |  |  |  |  |  |
(Increase) decrease in other assets |  |  | (330 | ) |  |  | 10 |
Increase in other liabilities |  |  | 338 |  |  |  | — |
Net cash (used in) provided by operating activities |  | $ | (45 | ) |  | $ | 2,115 |
Cash Flows from Investing Activities |  |  |  |  |  |
Capital contribution to bank subsidiary |  | $ | (20,000 | ) |  | $ | — |
Net decrease in loans |  |  | — |  |  |  | 2,953 |
Net cash (used in) provided by investing activities |  | $ | (20,000 | ) |  | $ | 2,953 |
Cash Flows from Financing Activities |  |  |  |  |  |
Issuance of subordinated debt, net of issuance costs |  | $ | 29,326 |  |  | $ | — |
Cash dividends paid |  |  | (3,808 | ) |  |  | (3,261 | )
Issuance of common stock, employee benefit plan |  |  | 164 |  |  |  | 179 |
Retirement of common stock |  |  | (154 | ) |  |  | (149 | )
Net cash provided by (used in) financing activities |  | $ | 25,528 |  |  | $ | (3,231 | )
Increase in cash |  | $ | 5,483 |  |  | $ | 1,837 |
Cash |  |  |  |  |  |
Beginning |  | $ | 2,739 |  |  | $ | 902 |
Ending |  | $ | 8,222 |  |  | $ | 2,739 |

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(Schedule I)) -URI https://asc.fasb.org/extlink&oid=126898705&loc=d3e5864-122674 Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI https://asc.fasb.org/extlink&oid=126929396&loc=d3e5283-111683 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 + Details
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