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Condensed Financial Information - Parent Company Only (Tables)
 12 Months Ended
Dec. 31, 2024
Condensed Financial Information Disclosure [Abstract]  
Schedule Of Condensed Balance Sheets

EAGLE FINANCIAL SERVICES, INC.

(Parent Company Only)

Balance Sheets

December 31, 2024 and 2023

(dollars in thousands)

 

 

 

2024

 

 

2023

 

Assets

 

 

 

 

 

 

Cash held in subsidiary bank

 

$

1,509

 

 

$

1,125

 

Investment in subsidiary

 

 

146,851

 

 

 

136,130

 

Other assets

 

 

477

 

 

 

906

 

Total assets

 

$

148,837

 

 

$

138,161

 

 

 

 

 

 

 

Liabilities and Shareholders’ Equity

 

 

 

 

 

 

Subordinated debt

 

$

29,512

 

 

$

29,444

 

Other liabilities

 

 

338

 

 

 

338

 

Total liabilities

 

$

29,850

 

 

$

29,782

 

 

 

 

 

 

 

Shareholders’ Equity

 

 

 

 

 

 

Common stock

 

$

8,714

 

 

$

8,660

 

Surplus

 

 

14,901

 

 

 

14,280

 

Retained earnings

 

 

114,012

 

 

 

103,445

 

Accumulated other comprehensive (loss)

 

 

(18,640

)

 

 

(18,006

)

Total shareholders’ equity

 

$

118,987

 

 

$

108,379

 

Total liabilities and shareholders’ equity

 

$

148,837

 

 

$

138,161

 
Schedule Of Condensed Income Statement

EAGLE FINANCIAL SERVICES, INC.

(Parent Company Only)

Statements of Income

Years Ended December 31, 2024 and 2023

(dollars in thousands)

 

 

 

2024

 

 

2023

 

Income

 

 

 

 

 

 

Dividends from subsidiary bank

 

$

5,000

 

 

$

4,000

 

Total income

 

$

5,000

 

 

$

4,000

 

 

 

 

 

 

 

Expenses

 

 

 

 

 

 

Interest expense on subordinated debt

 

$

1,417

 

 

$

1,417

 

Other operating expenses

 

 

432

 

 

 

523

 

Total expenses

 

$

1,849

 

 

$

1,940

 

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

 

$

3,151

 

 

$

2,060

 

 

 

 

 

 

 

Income Tax (Benefit)

 

 

(361

)

 

 

(413

)

Income before equity in undistributed earnings of subsidiary bank

 

$

3,512

 

 

$

2,473

 

 

 

 

 

 

 

Equity in Undistributed Net Income of Subsidiary Bank

 

 

11,831

 

 

 

6,884

 

Net income

 

$

15,343

 

 

$

9,357

 

Comprehensive income

 

$

14,709

 

 

$

11,797

 
Schedule Of Condensed Cash Flows Statement

EAGLE FINANCIAL SERVICES, INC.

(Parent Company Only)

Statements of Cash Flows

Years Ended December 31, 2024 and 2023

(dollars in thousands)

 

 

 

2024

 

 

2023

 

Cash Flows from Operating Activities

 

 

 

 

 

 

Net Income

 

$

15,343

 

 

$

9,357

 

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

 

 

 

 

 

 

Stock-based compensation expense

 

 

912

 

 

 

1,213

 

Undistributed earnings of subsidiary bank

 

 

(11,831

)

 

 

(6,884

)

Amortization of debt issuance costs

 

 

67

 

 

 

67

 

Changes in assets and liabilities:

 

 

 

 

 

 

Decrease (increase) in other assets

 

 

429

 

 

 

(451

)

Net cash provided by operating activities

 

$

4,920

 

 

$

3,302

 

 

 

 

 

 

 

Cash Flows from Investing Activities

 

 

 

 

 

 

     Capital contribution to bank subsidiary

 

$

—

 

 

$

(6,000

)

Net cash (used in) investing activities

 

$

—

 

 

$

(6,000

)

 

 

 

 

 

 

Cash Flows from Financing Activities

 

 

 

 

 

 

Cash dividends paid

 

 

(4,299

)

 

 

(4,229

)

Issuance of common stock, employee benefit plan

 

 

—

 

 

 

132

 

Retirement of common stock

 

 

(237

)

 

 

(302

)

Net cash (used in) financing activities

 

$

(4,536

)

 

$

(4,399

)

Increase (decrease) increase in cash

 

$

384

 

 

$

(7,097

)

 

 

 

 

 

 

Cash

 

 

 

 

 

 

Beginning

 

$

1,125

 

 

$

8,222

 

Ending

 

$

1,509

 

 

$

1,125