EFSI Eagle Financial Services Dashboard

Eagle Financial Services Inc. (the “Company”) is a bank holding company that was incorporated in 1991. The company is headquartered in Berryville, Virginia and conducts its operations through its subsidiary, Bank of Clarke County (the “Bank”). The Bank is chartered under Virginia law. The Bank has twelve full-service branches and one drive-through only facility. The Bank’s main office is located at 2 East Main Street in Berryville, Virginia. The Bank opened for business on April 1, 1881. The Bank has offices located in Clarke County, Frederick County, and Loudoun County, as well as the Towns of Leesburg and Purcellville and the City of Winchester. This market area is located in the Shenandoah Valley and Northern Virginia.

Company profile

Ticker

EFSI

Exchange

Incorporated

Location

Fiscal year end

Industry (SIC)

State Commercial Banks

Bank Of New York Mellon • State Street • Citizens Financial • Fifth Third Bancorp • Northern Trust • M & T Bank • Popular • Ally Financial • Associated Banc-Corp. • First Citizens Bancshares, Inc ...

SEC CIK

0000880641

Corporate docs

Articles of Incorporation & Bylaws

IRS number

541601306

Press releases

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Eagle Financial Services, Inc. Announces 2021 Second Quarter Financial Results And Quarterly Dividend

28 Jul 21

BERRYVILLE, Va., July 28, 2021 /PRNewswire/ -- Eagle Financial Services, Inc. (OTCQX:EFSI), the holding company for Bank of Clarke County, whose divisions include Eagle Investment Group, announced its second quarter 2021

Bank of Clarke County Advances Credit Card Capabilities with Corserv

2 Jun 21

ATLANTA, June 2, 2021 /PRNewswire-PRWeb/ -- Corserv, a company that empowers banks and fintechs with payment programs, has implemented a credit card program with Berryville, Virginia-based Bank of Clarke County ($1.1

Financial summary

Financial statements Chart EFSI financial data

Quarter (USD)	Mar 21	Dec 20	Sep 20	Jun 20
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Diluted EPS

Annual (USD)	Dec 20	Dec 19	Dec 18	Dec 17
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Financial data from company earnings reports.

Recent insider trades

EFSI insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
29 Jul 21	Brandon Craig Lorey	Common Stock, $2.50 Par Value	Payment of exercise	Dispose F	No	No	34	1,175	39.95K	19,788
1 Jul 21	Brandon Craig Lorey	Common Stock, $2.50 Par Value	Grant	Aquire A	No	No	0	5,866	0	20,963
25 Jun 21	Deborah E Addo	Common Stock, $2.50 Par Value	Grant	Aquire A	No	No	0	500	0	1,155
25 Jun 21	Thomas T BYRD	Common Stock, $2.50 Par Value	Grant	Aquire A	Yes	No	0	500	0	61,469
25 Jun 21	Cary R Claytor	Common Stock, $2.50 Par Value	Grant	Aquire A	No	No	0	500	0	2,506.144

Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Financial report summary

Risks

The ongoing COVID-19 pandemic and measures intended to prevent its spread may adversely affect our business, financial condition and operations; the extent of such impacts are highly uncertain and difficult to predict.
The Company’s operations may be adversely affected by cyber security risks.
Failure to keep pace with technological change could adversely affect our business.
The Company’s concentration in loans secured by real estate may increase its credit losses, which would negatively affect our financial results.
The Company’s success depends upon its ability to manage interest rate risk.
The Company’s success depends upon its ability to compete effectively in the banking industry.
The Company could be adversely affected by economic conditions in its market area.
The soundness of other financial institutions could adversely affect us.
The Company may not be able to successfully manage its growth or implement its growth strategy, which may adversely affect results of operations and financial condition.
The Company relies heavily on its senior management team and the unexpected loss of key officers could adversely affect operations.
Government measures to regulate the financial industry, including the Dodd-Frank Act, subject us to increased regulation and could adversely affect us.
The Bank is subject to more stringent capital and liquidity requirements as a result of the Basel III regulatory capital reforms and the Dodd-Frank Act.
There can be no assurances concerning continuing dividend payments.
The stock market can be volatile, and fluctuations in our operating results and other factors could cause our stock price to decline.

Management Discussion

Net income for the three months ended March 31, 2021 was $2.9 million, an increase of 17.2% or $421 thousand when compared to the same period in 2020. Earnings per share, basic and diluted were $0.84 and $0.71 for the three months ended March 31, 2021 and 2020, respectively.
Return on average assets ("ROA") measures how efficiently the Company uses its assets to produce net income. Some issues reflected within this efficiency include the Company’s asset mix, funding sources, pricing, fee generation, and cost control. The ROA of the Company, on an annualized basis, for the three months ended March 31, 2021 and 2020 was 1.02% and 1.10%, respectively.
Return on average equity ("ROE") measures the utilization of shareholders’ equity in generating net income. This measurement is affected by the same factors as ROA with consideration to how much of the Company’s assets are funded by shareholders. The ROE of the Company, on an annualized basis, for the three months ended March 31, 2021 and 2020 was 11.04% and 10.02%, respectively.

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. freshman Avg

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From filing 10-Q 2021 Q1