XML 24 R15.htm IDEA: XBRL DOCUMENT
v3.23.2

Troubled Debt Restructurings | 6 Months Ended
--- | ---
Jun. 30, 2023
Receivables [Abstract] |
Restructurings for Borrowers Experiencing Financial Difficulty | NOTE 6. Restructurings for Borrowers Experiencing Financial Difficulty The Company adopted the amendments in ASU 2022-02, which eliminated accounting guidance on TDR loans for creditors and requires enhanced disclosures for loan modifications to borrowers experiencing financial difficulty that we made on or after January 1, 2023. The following table presents the amortized cost of loans that were modified during the six months ended June 30, 2023 by loan portfolio segment:
|  | June 30, 2023 |
|  | (in thousands) |
|  | Term Extension |  |  | Total |  |  | % of Total Class of Loans |
Mortgage real estate loans: |  |  |  |  |  |  |  |  |
Residential First Lien - Owner Occupied |  | $ | 355 |  |  | $ | 355 |  |  |  | 0.25 | %
Total |  | $ | 355 |  |  | $ | 355 |  |  |  |
None of the loans that were modified defaulted during the six months ended June 30, 2023 and the loans remain current with contractual payments as of June 30, 2023. The financial effects of the term extensions during the period added a weighted average of 1.0 years to the life of loans which reduced the payment amounts for the borrowers. There were no loans to borrowers experiencing financial difficulty that were modified during the three months ended June 30, 2023. Prior to the adoption of ASU 2022-02, the Company accounted for a modification to the contractual terms of a loan that resulting in granting a concession to a borrower experiencing financial dificulties as a TDR. During the three and six months ended June 30, 2022, the Company classified five loans as troubled debt restructurings.
| Three Months Ended |
| June 30, 2022 |
| (in thousands) |
| Number of Contracts |  |  | Pre-Modification Outstanding Recorded Investment |  |  | Post-Modification Outstanding Recorded Investment |
Commercial Real Estate: |  |  |  |  |  |  |  |
Owner Occupied |  | 1 |  |  | $ | 185 |  |  | $ | 185 |
Construction and Farmland: |  |  |  |  |  |  |  |
Residential |  | 1 |  |  |  | 639 |  |  |  | 639 |
Residential: |  |  |  |  |  |  |  |
Single Family |  | 3 |  |  |  | 539 |  |  |  | 557 |
Total |  | 5 |  |  | $ | 1,363 |  |  |  | 1,381 |
| Six Months Ended |
| June 30, 2022 |
| (in thousands) |
| Number of Contracts |  |  | Pre-Modification Outstanding Recorded Investment |  |  | Post-Modification Outstanding Recorded Investment |
Commercial Real Estate: |  |  |  |  |  |  |  |
Owner Occupied |  | 1 |  |  | $ | 185 |  |  | $ | 185 |
Construction and Farmland: |  |  |  |  |  |  |  |
Residential |  | 1 |  |  |  | 639 |  |  |  | 639 |
Residential: |  |  |  |  |  |  |  |
Single family |  | 3 |  |  |  | 539 |  |  |  | 557 |
Total |  | 5 |  |  | $ | 1,363 |  |  | $ | 1,381 |
There were no payment defaults during the three and six months ended June 30, 2022 for TDRs that were restructured within the preceding twelve-month period. Management defines default as over 30 days contractually past due under the modified terms, the foreclosure and/or repossession of the collateral, or the charge-off of the loan during the twelve-month period subsequent to the modification.

X
- Definition Restructurings for Borrowers Experiencing Financial Difficulty [Text Block] + References No definition available. + Details
Name: | efsi_RestructuringsForBorrowersExperiencingFinancialDifficultyTextBlock
Namespace Prefix: | efsi_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_ReceivablesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration