Eagle Financial Services 第二季淨收入按季增33%，宣派每股0.31美元股息

EX-99.1
2
efsi-ex99_1.htm
EX-99.1

 
 EX-99.1
 
 
  

 Exhibit 99.1
 
EAGLE FINANCIAL SERVICES, INC. ANNOUNCES 
2026 SECOND QUARTER FINANCIAL RESULTS AND QUARTERLY DIVIDEND
 
 
 

 
 
 
 
 
 

 
 Contact:

 Kathleen J. Chappell, Executive Vice President and CFO

 540-955-2510

 

 
  

  

 [email protected]

 

  
BERRYVILLE, VIRGINIA (July 23, 2026) – Eagle Financial Services, Inc. (NASDAQ: EFSI) (the "Company"), the holding company for Bank of Clarke, announced its second quarter 2026 results. Also, on July 23, 2026, the Board of Directors announced a quarterly common stock cash dividend of $0.31 per common share, payable on August 14, 2026, to shareholders of record on August 3, 2026. The following table presents selected financial performance highlights for the periods indicated:
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
  

 Three Months Ended

  

 

 
  

 June 30,

  

  

 March 31,

  

  

 June 30,

  

 

 
  

 2026

  

  

 2026

  

  

 2025

  

 

 
  

 (Dollars in thousands, except per share data)

  

 

 
  

  

  

  

 As adjusted (1)

  

  

  

  

  

  

  

 

 
 Consolidated net income

 $

 4,981

  

  

 $

 2,227

  

  

 $

 3,740

  

  

 $

 5,270

  

 

 
 

  

  

  

  

  

  

  

  

  

  

  

 

 
 Consolidated noninterest income

 $

 8,590

  

  

 $

 5,104

  

  

 $

 4,928

  

  

 $

 4,917

  

 

 
 

  

  

  

  

  

  

  

  

  

  

  

 

 
 Earnings per share - basic and diluted

 $

 0.92

  

  

 $

 0.41

  

  

 $

 0.69

  

  

 $

 0.98

  

 

 
 

  

  

  

  

  

  

  

  

  

  

  

 

 
 Annualized return on average equity

  

 10.35

  %

  

  

 4.63

 %

  

  

 7.98

 %

  

  

 11.93

 %

 

 
 

  

  

  

  

  

  

  

  

  

  

  

 

 
 Annualized return on average assets

  

 1.08

  %

  

  

 0.48

 %

  

  

 0.81

 %

  

  

 1.09

 %

 

 
 

  

  

  

  

  

  

  

  

  

  

  

 

 
 Net interest margin(2)

  

 3.86

  %

  

  

 3.86

  %

  

  

 3.63

 %

  

  

 3.42

 %

 

 (1) Non-GAAP financial measure - Excluding the tax effected impact of the gain on sale of other assets during the quarter ended June 30, 2026. See the "Reconciliation of GAAP to Non-GAAP Performance Highlights" table for a reconciliation of these measures to comparable measures calculated in accordance with GAAP.
 
(2) Non-GAAP financial measure - The annualized net interest margin is calculated by dividing tax equivalent net interest income by total average earning assets. Tax equivalent interest income is calculated by grossing up interest income for the amounts that are non-taxable (i.e., municipal income) then subtracting interest expense. The rate utilized is 21%. Please refer to the "Reconciliation of Tax-Equivalent Net Interest Income" table for the quarterly tax equivalent net interest income and the reconciliation of net interest income to tax equivalent net interest income. The Company’s net interest margin is a common measure used by the financial service industry to determine how profitable earning assets are funded. Because the Company earns a fair amount of nontaxable interest income due to tax-exempt loan balances, net interest income for the ratio is calculated on a tax equivalent basis as described above. 
 
Additional key highlights for the second quarter of 2026 are as follows: 
 
•Net loans increased by $39.5 million or 2.74%. 

•Net interest margin increased from 3.63% for the quarter ended March 31, 2026 to 3.86% for the quarter ended June 30, 2026. Net interest spread increased from 2.80% for the quarter ended March 31, 2026 to 3.01% for the quarter ended June 30, 2026. 

  

 
  

 Brandon Lorey, President and CEO, stated, "Our second quarter results reflect continued progress in the core operating performance of the franchise. Meaningful loan growth, improved net interest income, and a net interest margin of 3.86% demonstrate the benefits of the strategic balance sheet actions taken over the last two years and the disciplined execution of our team. While earnings for the quarter were impacted by a higher provision for credit losses, the underlying performance of the organization remained solid, and we continue to believe our strong capital, liquidity, and balance sheet position us well to support our customers, communities, and shareholders."
Summary
Total net income for the quarters ended June 30, 2026 and March 31, 2026 was $5.0 million and $3.7 million, respectively. Net income was $5.3 million for the quarter ended June 30, 2025. During the second quarter of 2026, the Company sold its membership interest in Bearing Insurance Group, LLC (Bearing) to an unaffiliated third party. A pre-tax gain on the sale in the amount of $3.5 million was recognized in the gain on sale of other assets in the consolidated statements of operations during the second quarter of 2026. Excluding the tax effected impact of the gain, adjusted net income for the quarter ended June 30, 2026, was $2.2 million. This is a non-GAAP financial measure. Please refer to the "Reconciliation of GAAP to Non-GAAP Performance Highlights" table for additional information. 
For the quarter ending June 30, 2026, adjusted net income decreased $1.5 million or 40.5% from the quarter ended March 31, 2026 and decreased $3.0 million or 57.7% from the quarter ended June 30, 2025. The declines in both periods were primarily driven by a higher provision for credit losses during the quarter ended June 30, 2026. Additional details regarding these changes are provided below.
Interest Income
Total loan interest income was $21.7 million and $20.7 million for the quarters ended June 30, 2026 and March 31, 2026, respectively. Total loan interest income was $20.4 million for the quarter ended June 30, 2025. Total loan interest income increased $1.0 million or 5.0% from the quarter ended March 31, 2026 to the quarter ended June 30, 2026. Average loans increased by $43.9 million or 3.0% from the quarter ended March 31, 2026 to the quarter ended June 30, 2026. Average loans increased $55.4 million or 3.8% between the quarter ended June 30, 2026 and June 30, 2025. The tax equivalent yield on average loans for the quarter ended June 30, 2026 was 5.82%, an increase of five basis points from the 5.77% average yield for the quarter ended March 31, 2026. The tax equivalent yield on average loans increased 15 basis points from the 5.67% average yield for the quarter ended June 30, 2025. Overall, the increase in loan interest income was mainly due to loan growth. 
Interest and dividend income from the investment portfolio was $1.3 million for the quarters ended June 30, 2026 and March 31, 2026. Interest and dividend income from the investment portfolio was also $1.3 million for the quarter ended June 30, 2025. The tax equivalent yield on average investments for the quarter ended June 30, 2026 was 4.34%, with no change from the quarter ended March 31, 2026 and down three basis points from 4.37% for the quarter ended June 30, 2025. The slight decrease in yield compared with the quarter ended June 30, 2025 reflects normal portfolio activity, including modest securities paydowns and purchases, and was not indicative of a significant change in investment portfolio performance.
Interest Expense
Total interest expense was $7.4 million and $7.9 million for the three months ended June 30, 2026 and March 31, 2026, respectively, and $9.1 million for three months ended June 30, 2025. The decrease in interest expense between the quarter ended March 31, 2026 and the quarter ended June 30, 2026 was mainly due to lower interest expense on Federal Home Loan Bank of Atlanta ("FHLB") advances. The average balance of FHLB advances decreased $28.4 million from the quarter ended March 31, 2026 to the quarter ended June 30, 2026. All FHLB advances were paid off in March. The decrease in interest expense between the quarter ended June 30, 2025 and the quarter ended June 30, 2026 was largely due to a $1.2 million decrease in interest expense on deposits. The average balance of interest-bearing deposits decreased by $46.3 million during the period, while the average yield paid on these deposits declined by 31 basis points. The decrease was primarily driven by a reduction in higher-cost time deposits. The decrease was also attributable to lower interest expense on FHLB advances by $499 thousand for the same comparative periods. The average balance of FHLB advances decreased $40.8 million from the quarter ended June 30, 2025 to the same period in 2026. 

  

 
  

 Net Interest Income
Net interest income for the quarter ended June 30, 2026 was $16.9 million reflecting an increase of $1.1 million or 6.7% from the quarter ended March 31, 2026 and an increase of $1.3 million or 8.1% from the quarter ended June 30, 2025. Net interest income was $15.9 million and $15.7 million, respectively, for the quarters ended March 31, 2026 and June 30, 2025.
The net interest margin was 3.86% for the quarter ended June 30, 2026. For the quarters ended March 31, 2026 and June 30, 2025, the net interest margin was 3.63% and 3.42%, respectively. The increase in the net interest margin from March 31, 2026 and June 30, 2025 can primarily be attributed to two main factors. FHLB advances paid off in the first quarter of 2026 and there was no FHLB interest expense in the second quarter of 2026. In addition, the run off of higher interest bearing non core deposits during the periods had a positive impact to the net interest margin. The net interest spread increased to 3.01% for the quarter ended June 30, 2026 from 2.80% for the quarter ended March 31, 2026 and from 2.51% from the quarter ended June 30, 2025. 
The Company’s net interest margin is not a measurement under accounting principles generally accepted in the United States, but it is a common measure used by the financial services industry to determine how profitable earning assets are funded. The Company’s net interest margin is calculated by dividing tax equivalent net interest income by total average earning assets. Tax equivalent net interest income is calculated by grossing up interest income for the amounts that are non-taxable (i.e., municipal income) then subtracting interest expense. The tax rate utilized is 21%. This is a non-GAAP financial measure. Please refer to the "Reconciliation of Tax-Equivalent Net Interest Income" table for additional information.
Noninterest Income and Expense
Total noninterest income was $8.6 million and $4.9 million for the quarters ended June 30, 2026 and March 31, 2026 respectively. Total noninterest income was $4.9 million for the quarter ended June 30, 2025. 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
  

  

 For The Three Months Ended

  

 

 
 (Dollars in thousands)

  

 6/30/2026

  

  

 3/31/2026

  

  

 $ Change

  

  

 % Change

  

 6/30/2025

  

 $ Change

  

  

 % Change

  

 

 
 Noninterest Income

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

 

 
 Wealth management fees

  

 $

 2,197

  

  

 $

 1,782

  

  

 $

 415

  

  

  

 23.3

 %

 $

 1,650

  

 $

 547

  

  

  

 33.2

 %

 

 
 Service charges on deposit accounts

  

  

 563

  

  

  

 556

  

  

  

 7

  

  

  

 1.3

 %

  

 517

  

  

 46

  

  

  

 8.9

 %

 

 
 Other service charges and fees

  

  

 1,028

  

  

  

 921

  

  

  

 107

  

  

  

 11.6

 %

  

 1,060

  

  

 (32

 )

  

  

 -3.0

 %

 

 
 (Loss) on the sale and disposal of bank premises and equipment

  

  

 (4

 )

  

  

 —

  

  

  

 (4

 )

  

 NA

  

  

 —

  

  

 (4

 )

  

 NA

  

 

 
 Gain on sale of loans held for sale

  

  

 646

  

  

  

 1,012

  

  

  

 (366

 )

  

  

 -36.2

 %

  

 1,104

  

  

 (458

 )

  

  

 -41.5

 %

 

 
 Gain on sale of other assets

  

  

 3,486

  

  

  

 —

  

  

  

 3,486

  

  

 NA

  

  

 —

  

  

 3,486

  

  

 NA

  

 

 
 Small business investment company income

  

  

 110

  

  

  

 266

  

  

  

 (156

 )

  

  

 -58.6

 %

  

 133

  

  

 (23

 )

  

  

 -17.3

 %

 

 
 Bank owned life insurance income

  

  

 289

  

  

  

 284

  

  

  

 5

  

  

  

 1.8

 %

  

 278

  

  

 11

  

  

  

 4.0

 %

 

 
 Other operating income

  

  

 275

  

  

  

 107

  

  

  

 168

  

  

  

 157.0

 %

  

 175

  

  

 100

  

  

  

 57.1

 %

 

 
 Total noninterest income

  

 $

 8,590

  

  

 $

 4,928

  

  

 $

 3,662

  

  

  

 74.3

 %

 $

 4,917

  

 $

 3,673

  

  

  

 74.7

 %

 

 Total noninterest income increased in the second quarter of 2026 compared to the first quarter of 2026, primarily due to a gain on the sale of other assets. During the quarter, the Company sold its membership interest in Bearing to an unaffiliated third party and recognized a pre-tax gain of $3.5 million, which was recorded in gain on sale of other assets.
Noninterest income, as adjusted to exclude the one-time effect of the gain on the sale, was $5.1 million for the quarter ended June 30, 2026. This adjusted amount is a non-GAAP financial measure. See the "Reconciliation of GAAP to Non-GAAP Performance Highlights" table for additional information.
 

  

 
  

 Compared to both the first quarter of 2026 and the second quarter of 2025, adjusted noninterest income increased primarily due to higher wealth management fee income. Assets under management increased from $544 million at June 30, 2025 to $599 million at June 30, 2026. The second quarter of 2026 benefited from elevated transaction-based revenues related to estates and other client services. The increase was partially offset by lower sales volume of loans held for sale, primarily within the Small Business Administration ("SBA") portfolio.
Noninterest expense increased $1.3 million, or 9.3%, to $15.5 million for the quarter ended June 30, 2026 from $14.2 million for the quarter ended March 31, 2026 and increased $2.1 million or 15.9% compared to the quarter ended June 30, 2026. 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
  

  

 For The Three Months Ended

  

 

 
 (Dollars in thousands)

  

 6/30/2026

  

  

 3/31/2026

  

  

 $ Change

  

  

 % Change

  

 6/30/2025

  

 $ Change

  

  

 % Change

  

 

 
 Noninterest Expenses

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

 

 
 Salaries and employee benefits

  

 $

 9,212

  

  

 $

 8,229

  

  

 $

 983

  

  

  

 11.9

 %

 $

 7,845

  

 $

 1,367

  

  

  

 17.4

 %

 

 
 Occupancy expenses

  

  

 613

  

  

  

 666

  

  

  

 (53

 )

  

  

 -8.0

 %

  

 598

  

  

 15

  

  

  

 2.5

 %

 

 
 Equipment expenses

  

  

 451

  

  

  

 462

  

  

  

 (11

 )

  

  

 -2.4

 %

  

 401

  

  

 50

  

  

  

 12.5

 %

 

 
 Advertising and marketing expenses

  

  

 295

  

  

  

 191

  

  

  

 104

  

  

  

 54.5

 %

  

 152

  

  

 143

  

  

  

 94.1

 %

 

 
 Stationery and supplies

  

  

 30

  

  

  

 46

  

  

  

 (16

 )

  

  

 -34.8

 %

  

 35

  

  

 (5

 )

  

  

 -14.3

 %

 

 
 ATM network fees

  

  

 326

  

  

  

 327

  

  

  

 (1

 )

  

  

 -0.3

 %

  

 332

  

  

 (6

 )

  

  

 -1.8

 %

 

 
 Other real estate owned (gain), net

  

  

 —

  

  

  

 (5

 )

  

  

 5

  

  

 NA

  

  

 —

  

  

 —

  

  

 NA

  

 

 
 Loss of sale of repossessed assets

  

  

 —

  

  

  

 39

  

  

  

 (39

 )

  

  

 -100.0

 %

  

 —

  

  

 —

  

  

 NA

  

 

 
 FDIC assessment

  

  

 169

  

  

  

 227

  

  

  

 (58

 )

  

  

 -25.6

 %

  

 254

  

  

 (85

 )

  

  

 -33.5

 %

 

 
 Computer software expense

  

  

 422

  

  

  

 354

  

  

  

 68

  

  

  

 19.2

 %

  

 325

  

  

 97

  

  

  

 29.8

 %

 

 
 Bank franchise tax

  

  

 530

  

  

  

 481

  

  

  

 49

  

  

  

 10.2

 %

  

 381

  

  

 149

  

  

  

 39.1

 %

 

 
 Professional fees

  

  

 551

  

  

  

 604

  

  

  

 (53

 )

  

  

 -8.8

 %

  

 641

  

  

 (90

 )

  

  

 -14.0

 %

 

 
 Data processing fees

  

  

 591

  

  

  

 486

  

  

  

 105

  

  

  

 21.6

 %

  

 633

  

  

 (42

 )

  

  

 -6.6

 %

 

 
 Other operating expenses

  

  

 2,341

  

  

  

 2,105

  

  

  

 236

  

  

  

 11.2

 %

  

 1,802

  

  

 539

  

  

  

 29.9

 %

 

 
 Total noninterest expenses

  

 $

 15,531

  

  

 $

 14,212

  

  

 $

 1,319

  

  

  

 9.3

 %

 $

 13,399

  

 $

 2,132

  

  

  

 15.9

 %

 

 Total noninterest expense increased in the second quarter of 2026 compared to the first quarter of 2026, primarily due to higher salaries and benefits expense. The increase was largely attributable to higher incentive compensation accruals as performance metrics reached payout levels during the quarter, as well as increased loan production incentive accruals associated with loan growth. In addition, annual merit increases and compensation adjustments, which were implemented at the end of the first quarter and became effective in the second quarter, contributed to the increase.
Total noninterest expense increased in the second quarter of 2026 compared to the second quarter of 2025, primarily due to higher salaries and employee benefits expense and increased other operating expenses. In addition to the higher incentive compensation accruals discussed above, salaries and employee benefits expense increased as a result of growth in the Company's workforce, with full-time equivalent ("FTE") employees increasing from 245 to 259 during the period. Other operating expenses increased largely due to higher contributions toward charitable activities, primarily driven by the Bank’s matching of donations from a very successful "Give with BOC" campaign as well as elevated loan collection costs associated with a single multifamily relationship included in the nonaccrual loan balance discussed below.
 

  

 
  

 Asset Quality and Provision for Credit Losses
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
  

  

 As of

  

 

 
 (dollars in thousands)

  

 June 30, 2026

  

  

 March 31, 2026

  

  

 June 30, 2025

  

 

 
 

  

  

  

  

  

  

  

  

  

 

 
 Nonaccrual loans

  

 $

 16,146

  

  

 $

 14,711

  

  

 $

 16,735

  

 

 
 Loans past due 90 days or more and accruing interest

  

  

 20

  

  

  

 13

  

  

  

 593

  

 

 
 Other real estate owned and repossessed assets

  

  

 302

  

  

  

 —

  

  

  

 186

  

 

 
 Total nonperforming assets

  

 $

 16,468

  

  

 $

 14,724

  

  

 $

 17,514

  

 

 
 

  

  

  

  

  

  

  

  

  

 

 
 Allowance for credit losses on loans

  

 $

 18,306

  

  

 $

 17,326

  

  

 $

 15,979

  

 

 
 

  

  

  

  

  

  

  

  

  

 

 
 Allowance for credit losses on loans to total gross loans

  

  

 1.22

  %

  

  

 1.19

  %

  

  

 1.11

  %

 

 
 

  

  

  

  

  

  

  

  

  

 

 
 Non-performing assets to total assets

  

  

 0.89

  %

  

  

 0.80

  %

  

  

 0.86

  %

 

 Nonperforming assets consist of nonaccrual loans, loans 90 days or more past due and still accruing, other real estate owned (foreclosed properties), and repossessed assets. Nonperforming assets increased by $1.7 million between March 31, 2026 and June 30, 2026. This increase was due to the addition of one $3.6 million multifamily loan to nonaccrual status which was partially offset by the $1.6 million partial write-down to an already existing multi-family relationship. Based on a recent valuation, the Bank has specifically allocated $525 thousand to this new nonaccrual loan. Nonperforming assets decreased slightly as of June 30, 2026 in comparison to June 30, 2025 mainly due to one large loan being paid off during the period. The collateral for this loan (multifamily real estate) was offered for sale on July 8, 2025, for $5.7 million with the Bank agreeing to a short sale of $4.8 million. This decrease was partially offset by four relationships in excess of $1 million being placed in nonaccrual status during the same period.
The majority of all nonaccrual loans are secured by real estate and management evaluates the financial condition of these borrowers and the value of any collateral on these loans. The results of these evaluations are used to estimate the amount of losses which may be realized on the disposition of these nonaccrual loans. Specific reserves on nonaccrual loans totaled $3.1 million, $2.1 million and $1.5 million as of June 30, 2026, March 31, 2026 and June 30, 2025, respectively. The increase in the specific reserve as of June 30, 2026 was due to the $525 thousand specific allocation for the recently added nonaccrual multifamily loan discussed above as well as an increase in an existing nonaccrual loan allocation as collateral was liquidated. 
Net charge-offs totaled $2.2 million for the quarter ended June 30, 2026, compared to net recoveries of $34 thousand for the linked quarter and net charge-offs of $159 thousand for the second quarter of 2025. The majority of second quarter 2026 charge-offs related to a $1.6 million partial write-down of a single multifamily relationship to the fair value of the underlying collateral, net of estimated selling costs. The remaining charge-offs were attributable to five smaller relationships. The charge-offs reflect the Company's continued efforts to proactively identify and address credit deterioration while maintaining appropriate collateral-based valuations within the loan portfolio.
The allowance for credit losses as a percentage of total loans was 1.22% at June 30, 2026, compared to 1.19% at March 31, 2026 and 1.11% at June 30, 2025. The increase from the linked quarter primarily reflected changes in historical loss factors, most notably within the marine and non-owner-occupied commercial real estate portfolios, as well as higher qualitative factor adjustments in certain portfolios, including commercial and industrial and construction and farmland loans, associated with loan growth and credit quality trends. There were also increased specific reserves during this period. Compared to June 30, 2025, the increase in the allowance ratio was driven primarily by higher specific reserves resulting from updated collateral valuations. The Company's allowance level continues to reflect management's assessment of the credit risk inherent in the loan portfolio and its commitment to maintaining appropriate reserve coverage.

  

 
  

 The provision for credit losses on loans reflects management’s ongoing assessment of the adequacy of the allowance for credit losses and the credit risk inherent in the loan portfolio. The Company recorded a provision for credit losses on loans of $3.2 million for the quarter ended June 30, 2026, compared to $2.0 million for the quarter ended March 31, 2026 and $856 thousand for the quarter ended June 30, 2025. The increase in provision compared to both periods was primarily driven by changes in certain historical loss factors, increases in qualitative factor adjustments, and higher specific reserves, as discussed above. Continued loan growth also contributed to the higher provision levels. The provision reflects management’s disciplined approach to reserve methodology and its commitment to maintaining a strong allowance for credit losses that appropriately reflects portfolio growth, current economic conditions, and identified credit risks.
Management’s judgment in determining the level of the allowance is based on evaluations of the collectability of loans while taking into consideration such factors as trends in delinquencies and charge-offs, changes in the nature and volume of the loan portfolio, current economic conditions that may affect a borrower’s ability to repay and the value of collateral, overall portfolio quality and review of specific potential losses. The Company is committed to maintaining an allowance at a level that adequately reflects expected credit losses over the life of the loan portfolio.
Balance Sheet
Total consolidated assets were $1.85 billion at June 30, 2026, an increase of $9.0 million, or 0.5%, from $1.84 billion at March 31, 2026. Compared to June 30, 2025, total consolidated assets were down from $2.04 billion. The linked-quarter increase was driven primarily by growth in the loan portfolio, reflecting continued customer demand, and was partially offset by a reduction in cash and cash equivalents as excess liquidity was deployed to support loan growth. The year-over-year decrease in total assets was primarily attributable to the runoff of non-core deposits, which resulted in a corresponding decline in cash and cash equivalents. Despite the reduction in total assets from the prior-year period, the Company continued to maintain a strong balance sheet while strategically deploying capital into higher-yielding earning assets.
Total net loans increased $39.5 million, or 2.7%, to $1.48 billion at June 30, 2026 from $1.44 billion at March 31, 2026, driven by growth across several key lending categories, including construction, commercial real estate, and commercial and industrial loans. Compared to June 30, 2025, total net loans increased $58.4 million, or 4.1%, from $1.42 billion, reflecting continued success in generating new lending opportunities and serving the credit needs of the Company's markets. Year-over-year growth was concentrated in the same core lending segments that contributed to the linked-quarter increase, demonstrating the strength and consistency of the Company's loan production efforts. 
Total deposits were $1.60 billion at June 30, 2026, an increase of $3.7 million, or 0.2%, from March 31, 2026. Total deposits were $1.77 billion at June 30, 2025. The modest linked-quarter increase reflects the continued stability of the Company's deposit base. The year-over-year decrease was primarily attributable to the temporary nature of unusually large noninterest-bearing deposit balances received during the second quarter of 2025. Specifically, noninterest-bearing deposits increased by approximately $151.7 million during that period, largely due to business sale proceeds from two customers. As anticipated, the majority of these funds had exited the Bank by the end of 2025. Excluding the impact of these temporary balances, the Company's deposit base has remained relatively stable and continues to provide a solid source of funding for loan growth and other balance sheet initiatives.
Core deposit change for the quarter and twelve months ended June 30, 2026 was an increase of $102 thousand and a decrease of $13.7 million, respectively. Core deposits consist of checking accounts, NOW accounts, money market accounts, regular savings accounts and time deposits less than $250 thousand. 

  

 
  

 Liquidity
 The objective of the Company’s liquidity management is to ensure the continuous availability of funds to satisfy the credit needs of our customers and the demands of our depositors, creditors and investors. Uninsured deposits represent an estimate of amounts above the Federal Deposit Insurance Corporation ("FDIC") insurance coverage limit of $250,000. As of June 30, 2026, the Company’s uninsured deposits were approximately $217.3 million or 13.6% of total deposits. 
The Company’s liquid assets, which include cash and due from banks, interest-bearing deposits at other banks, loans with a maturity less than one year and nonpledged securities available for sale, were $345.3 million and borrowing availability was $618.6 million as of June 30, 2026, which in total exceed uninsured deposits, excluding intercompany cash holdings and secured municipal deposits, by $746.6 million. Liquid assets decreased by $83.9 million during the second quarter of 2026 due mainly to loan growth. In addition to deposits, the Company utilizes short-term and long-term borrowings as sources of funds. Short-term borrowings from the Federal Reserve Bank and the FHLB as well as federal funds purchased from Community Bankers Bank may be used to fund the Company’s day-to-day operations. Long-term borrowings include FHLB advances as well as subordinated debt. Total outstanding borrowings decreased to $29.6 million at June 30, 2026 from $69.7 million at June 30, 2025. The decrease was primarily due to the paydown of outstanding FHLB advances. Borrowings remained stable from March 31, 2026 to June 30, 2026. 
Additional sources of liquidity available to the Company include cash flows from operations, loan payments and payoffs, deposit growth, maturities, calls and sales of securities and the issuance of brokered certificates of deposit. 
Capital and Dividends
On July 23, 2026, the Board of Directors announced a quarterly common stock cash dividend of $0.31 per common share, payable on August 14 2026, to shareholders of record on August 3, 2026. The Board of Directors of the Company regularly reviews the amount of cash dividends per share and the resulting dividend payout ratio in light of changes in economic conditions, current and future capital requirements, and expected future earnings. 
Total consolidated equity increased $14.3 million to $193.9 million at June 30, 2026 compared to June 30, 2025 and increased $3.6 million compared to March 31, 2026. The increases are primarily due to increased retained earnings from net income. 
The Company’s securities available for sale are fixed income debt securities and their unrealized loss position is a result of increased market interest rates since they were purchased. The Company expects to recover its investments in debt securities through scheduled payments of principal and interest. The accumulated other comprehensive loss related to the Company’s securities available for sale increased to $6.1 million at June 30, 2026 compared to $6.0 million at March 31, 2026 and decreased from $7.3 million at June 30, 2025. 
As of June 30, 2026, the most recent notification from the FDIC categorized the Bank of Clarke as well capitalized under the regulatory framework for prompt corrective action. To be categorized as well capitalized under regulations applicable at June 30, 2026, Bank of Clarke was required to maintain minimum total risk-based, Tier 1 risk-based, CET1 risk-based and Tier 1 leverage ratios. In addition to the regulatory risk-based capital requirements, Bank of Clarke must maintain a capital conservation buffer of additional capital of 2.5 percent of risk-weighted assets as required by the Basel III capital rules. The Bank of Clarke exceeded these ratios at June 30, 2026. 
Explanation of Non-GAAP Financial Measures 
This release contains financial information determined by methods other than in accordance with GAAP. Management believes that the supplemental Non-GAAP information provides a better comparison of period-to-period operating performance and the impact of non-recurring transactions on the Bank’s results. Additionally, the Company believes this information is utilized by regulators and market analysts to evaluate a company’s results and financial condition and therefore, such information is useful to investors. These disclosures should not be viewed as a substitute for or more important than financial results in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures which may be presented by other companies. 

  

 
  

 Second Quarter 2026 Earnings Release Conference Call and Webcast
Eagle Financial Services’ Chief Executive Officer, Brandon Lorey, and Chief Financial Officer, Kate Chappell, will hold a listen-only conference call and webcast to discuss second quarter results on Friday, July 24, 2026, at 10 a.m. eastern time. Those wishing to listen to the conference call should call the applicable number below and reference the Conference ID below.
USA / International – (Toll) - +1.646.968.2525
USA – (Toll-Free) +1.888.596.4144
Canada – (Toronto) +1.647.495.7514
Canada – (Toll-Free) +1.888.596.4144
Conference ID – 4519726 and press #
 
A replay of the call and webcast will be accessible at investors.bankofclarke.bank. Webcast URL: https://events.q4inc.com/attendee/682653491
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this discussion may include “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements relate to the Company’s future operations and are generally identified by phrases such as “the Company expects,” “the Company believes” or words of similar import. Although the Company believes that its expectations with respect to the forward-looking statements are based upon reliable assumptions within the bounds of its knowledge of its business and operations, there can be no assurance that actual results, performance or achievements of the Company will not differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements speak only as of the date of this release. The Company undertakes no obligation to update or revise any forward-looking statement, except as required by law.
Factors that could have a material adverse effect on the operations and future prospects of the Company include, but are not limited to: changes in interest rates and general economic conditions; the legislative and regulatory climate; monetary and fiscal policies of the U.S. Government, including policies of the U.S. Treasury and Federal Reserve; the quality or composition of the Company’s loan or investment portfolios; the Company's ability to successfully resolve non-performing assets; demand for loan products; liquidity and deposit flows; competition; demand for financial services in the Company's market area; acquisitions and dispositions; the Company’s ability to keep pace with new technologies; a failure in or breach of the Company’s operational or security systems or infrastructure, or those of third-party vendors or other service providers, including as a result of cyberattacks; the Company’s capital and liquidity; changes in tax and accounting rules, principles, policies and guidelines; and other factors included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025 and other filings with the Securities and Exchange Commission.

  

 
  

 EAGLE FINANCIAL SERVICES, INC.
KEY STATISTICS (unaudited)
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
  

  

 For the Three Months Ended

  

 

 
 (Dollars in thousands, except per share data)

  

 2Q26

  

  

 1Q26

  

  

 4Q25

  

  

 3Q25

  

  

 2Q25

  

 

 
 Net income

  

 $

 4,981

  

  

 $

 3,740

  

  

 $

 4,334

  

  

 $

 5,584

  

  

 $

 5,270

  

 

 
 Earnings per share, basic

  

 $

 0.92

  

  

 $

 0.69

  

  

 $

 0.81

  

  

 $

 1.04

  

  

 $

 0.98

  

 

 
 Earnings per share, diluted

  

 $

 0.92

  

  

 $

 0.69

  

  

 $

 0.81

  

  

 $

 1.04

  

  

 $

 0.98

  

 

 
 Return on average total assets (annualized)

  

  

 1.08

  %

  

  

 0.81

  %

  

  

 0.91

  %

  

  

 1.10

  %

  

  

 1.09

  %

 

 
 Return on average total equity (annualized)

  

  

 10.35

  %

  

  

 7.98

  %

  

  

 9.18

  %

  

  

 12.20

  %

  

  

 11.93

  %

 

 
 Dividend payout ratio

  

  

 33.70

  %

  

  

 44.93

  %

  

  

 38.27

  %

  

  

 29.81

  %

  

  

 31.63

  %

 

 
 Fee revenue as a percent of total revenue (1)

  

  

 14.82

  %

  

  

 15.64

  %

  

  

 17.86

  %

  

  

 15.81

  %

  

  

 15.65

  %

 

 
 Net interest margin (annualized) (2)

  

  

 3.86

  %

  

  

 3.63

  %

  

  

 3.61

  %

  

  

 3.58

  %

  

  

 3.42

  %

 

 
 Yield on average earning assets (annualized)

  

  

 5.54

  %

  

  

 5.44

  %

  

  

 5.45

  %

  

  

 5.39

  %

  

  

 5.41

  %

 

 
 Rate on average interest-bearing liabilities (annualized)

  

  

 2.53

  %

  

  

 2.64

  %

  

  

 2.71

  %

  

  

 2.82

  %

  

  

 2.90

  %

 

 
 Net interest spread

  

  

 3.01

  %

  

  

 2.80

  %

  

  

 2.74

  %

  

  

 2.57

  %

  

  

 2.51

  %

 

 
 Tax equivalent adjustment to net interest income

  

 $

 18

  

  

 $

 20

  

  

 $

 26

  

  

 $

 25

  

  

 $

 26

  

 

 
 Non-interest income to average assets

  

  

 1.86

  %

  

  

 1.07

  %

  

  

 1.12

  %

  

  

 1.02

  %

  

  

 1.02

  %

 

 
 Non-interest expense to average assets

  

  

 3.37

  %

  

  

 3.09

  %

  

  

 3.24

  %

  

  

 2.83

  %

  

  

 2.78

  %

 

 
 Efficiency ratio(3)

  

  

 70.29

  %

  

  

 67.97

  %

  

  

 70.39

  %

  

  

 64.06

  %

  

  

 64.91

  %

 

  
 
(1) Fee revenue as a percentage of total revenue is calculated by dividing the sum of wealth management fees, service charges on deposit accounts and other service charges and fees by the sum of net interest income and non-interest income. 
 
(2) Non-GAAP financial measure - The annualized net interest margin is calculated by dividing tax equivalent net interest income by total average earning assets. Tax equivalent interest income is calculated by grossing up interest income for the amounts that are non-taxable (i.e., municipal income) then subtracting interest expense. The rate utilized is 21%. Please refer to the "Reconciliation of Tax-Equivalent Net Interest Income" table for the quarterly tax equivalent net interest income and the reconciliation of net interest income to tax equivalent net interest income. The Company’s net interest margin is a common measure used by the financial service industry to determine how profitable earning assets are funded. Because the Company earns a fair amount of nontaxable interest income due to tax-exempt loan balances, net interest income for the ratio is calculated on a tax equivalent basis as described above. 
 
(3) Non-GAAP financial measure - The efficiency ratio is not a measurement under accounting principles generally accepted in the United States. It is calculated by dividing non-interest expense less gain/loss on other real estate owned and gain/loss on repossessed assets by the sum of tax equivalent net interest income and non-interest income excluding gains and losses on the investment portfolio, loss on sale of other bank premises and equipment and gain on sale of other assets. The tax rate utilized is 21%. The Company calculates this ratio in order to evaluate its overhead structure or how effectively it is operating. An increase in the ratio from period to period indicates the Company is losing a larger percentage of its income to expenses. The Company believes that the efficiency ratio is a reasonable measure of profitability. Please refer to the "Reconciliation of Efficiency Ratio" table for additional information.
 
 

  

 
  

 EAGLE FINANCIAL SERVICES, INC.
SELECTED FINANCIAL DATA BY QUARTER (unaudited)
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
 (Dollars in thousands, except per share data)

  

 2Q26

  

  

 1Q26

  

  

 4Q25

  

  

 3Q25

  

  

 2Q25

  

 

 
 BALANCE SHEET RATIOS

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

 

 
 Loans to deposits

  

  

 93.60

  %

  

  

 91.28

  %

  

  

 91.65

  %

  

  

 88.21

  %

  

  

 81.44

  %

 

 
 Average interest-earning assets to average-interest bearing liabilities

  

  

 150.25

  %

  

  

 146.04

  %

  

  

 147.54

  %

  

  

 155.33

  %

  

  

 146.08

  %

 

 
 PER SHARE DATA

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

 

 
 Dividends

  

 $

 0.31

  

  

 $

 0.31

  

  

 $

 0.31

  

  

 $

 0.31

  

  

 $

 0.31

  

 

 
 Book value

  

  

 35.83

  

  

  

 35.16

  

  

  

 35.14

  

  

  

 34.52

  

  

  

 33.41

  

 

 
 Tangible book value

  

  

 35.83

  

  

  

 35.16

  

  

  

 35.14

  

  

  

 34.52

  

  

  

 33.41

  

 

 
 SHARE PRICE DATA

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

 

 
 Closing price

  

 $

 41.46

  

  

 $

 34.98

  

  

 $

 39.80

  

  

 $

 37.83

  

  

 $

 30.62

  

 

 
 Diluted earnings multiple(1)

  

  

 11.27

  

  

  

 12.67

  

  

  

 12.28

  

  

  

 9.09

  

  

  

 7.81

  

 

 
 Book value multiple(2)

  

  

 1.16

  

  

  

 0.99

  

  

  

 1.13

  

  

  

 1.10

  

  

  

 0.92

  

 

 
 COMMON STOCK DATA

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

 

 
 Outstanding shares at end of period

  

  

 5,411,615

  

  

  

 5,412,376

  

  

  

 5,374,205

  

  

  

 5,376,346

  

  

  

 5,376,346

  

 

 
 Weighted average shares outstanding

  

  

 5,412,016

  

  

  

 5,412,021

  

  

  

 5,376,088

  

  

  

 5,376,346

  

  

  

 5,378,214

  

 

 
 Weighted average shares outstanding, diluted

  

  

 5,412,016

  

  

  

 5,412,021

  

  

  

 5,376,088

  

  

  

 5,376,346

  

  

  

 5,378,214

  

 

 
 CREDIT QUALITY

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

 

 
 Net charge-offs (recoveries) to average loans

  

  

 0.15

  %

  

  

 (0.00

 )%

  

  

 0.02

  %

  

  

 0.16

  %

  

  

 0.01

  %

 

 
 Total non-performing loans to total loans (3)

  

  

 1.08

  %

  

  

 1.01

  %

  

  

 0.98

  %

  

  

 0.91

  %

  

  

 1.20

  %

 

 
 Total non-performing assets to total assets (4)

  

  

 0.89

  %

  

  

 0.80

  %

  

  

 0.77

  %

  

  

 0.74

  %

  

  

 0.86

  %

 

 
 Non-accrual loans to:

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

 

 
 Total loans

  

  

 1.08

  %

  

  

 1.01

  %

  

  

 0.98

  %

  

  

 0.90

  %

  

  

 1.16

  %

 

 
 Total assets

  

  

 0.87

  %

  

  

 0.80

  %

  

  

 0.76

  %

  

  

 0.68

  %

  

  

 0.82

  %

 

 
 Allowance for credit losses to:

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

 

 
 Total loans

  

  

 1.22

  %

  

  

 1.19

  %

  

  

 1.04

  %

  

  

 1.01

  %

  

  

 1.11

  %

 

 
 Non-performing assets (4)

  

  

 111.16

  %

  

  

 117.67

  %

  

  

 104.98

  %

  

  

 103.81

  %

  

  

 91.24

  %

 

 
 Non-accrual loans

  

  

 113.38

  %

  

  

 117.78

  %

  

  

 106.40

  %

  

  

 112.48

  %

  

  

 95.48

  %

 

 
 NON-PERFORMING ASSETS:

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

 

 
 Loans delinquent over 90 days and still accruing

  

 $

 20

  

  

 $

 13

  

  

 $

 60

  

  

 $

 91

  

  

 $

 593

  

 

 
 Non-accrual loans

  

  

 16,146

  

  

  

 14,711

  

  

  

 14,398

  

  

  

 13,167

  

  

  

 16,735

  

 

 
 Other real estate owned and repossessed assets

  

  

 302

  

  

  

 —

  

  

  

 135

  

  

  

 1,009

  

  

  

 186

  

 

 
 NET LOAN CHARGE-OFFS (RECOVERIES):

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

 

 
 Loans charged off

  

 $

 2,269

  

  

 $

 155

  

  

 $

 318

  

  

 $

 2,417

  

  

 $

 335

  

 

 
 (Recoveries)

  

  

 (42

 )

  

  

 (189

 )

  

  

 (81

 )

  

  

 (117

 )

  

  

 (176

 )

 

 
 Net charge-offs (recoveries)

  

  

 2,227

  

  

  

 (34

 )

  

  

 237

  

  

  

 2,300

  

  

  

 159

  

 

 
 PROVISION FOR CREDIT LOSSES ON LOANS

  

 $

 3,207

  

  

 $

 1,972

  

  

 $

 747

  

  

 $

 1,131

  

  

 $

 856

  

 

 
 ALLOWANCE FOR CREDIT LOSSES ON LOANS

  

 $

 18,306

  

  

 $

 17,326

  

  

 $

 15,320

  

  

 $

 14,810

  

  

 $

 15,979

  

 

  
 
(1) The diluted earnings multiple (or price earnings ratio) is calculated by dividing the period-end closing market price per share by annualized diluted earnings per share for the quarter. The diluted earnings multiple is a measure of how much an investor may be willing to pay for $1.00 of the Company’s earnings.
 
(2) The book value multiple (or price to book ratio) is calculated by dividing the period’s closing market price per share by the period’s book value per share. The book value multiple is a measure used to compare the Company’s market value per share to its book value per share.
 
(3) Non-performing loans include non-accrual loans and loans 90 days or more past due and still accruing interest.
 
(4) Non-performing assets include non-accrual loans, loans 90 days or more past due and still accruing interest, repossessed assets and other real estate owned (OREO) acquired through foreclosure.
 

  

 
  

 EAGLE FINANCIAL SERVICES, INC.
CONSOLIDATED BALANCE SHEETS
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
  

  

 As of:

  

 

 
 (Dollars in thousands)

  

 Unaudited06/30/2026

  

  

 Unaudited03/31/2026

  

  

 *12/31/2025

  

  

 Unaudited09/30/2025

  

  

 Unaudited06/30/2025

  

 

 
 Assets

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

 

 
 Cash and due from banks

  

 $

 18,281

  

  

 $

 14,500

  

  

 $

 13,942

  

  

 $

 15,558

  

  

 $

 17,401

  

 

 
 Interest-bearing deposits with other institutions

  

  

 71,169

  

  

  

 94,974

  

  

  

 103,984

  

  

  

 189,119

  

  

  

 260,568

  

 

 
 Federal funds sold

  

  

 54,542

  

  

  

 80,293

  

  

  

 99,268

  

  

  

 63,452

  

  

  

 118,033

  

 

 
 Securities available for sale, at fair value

  

  

 114,341

  

  

  

 117,245

  

  

  

 123,329

  

  

  

 125,165

  

  

  

 124,693

  

 

 
 Loans held for sale

  

  

 5,974

  

  

  

 5,214

  

  

  

 4,786

  

  

  

 3,479

  

  

  

 3,302

  

 

 
 Loans, net of allowance for credit losses

  

  

 1,481,045

  

  

  

 1,441,533

  

  

  

 1,457,757

  

  

  

 1,445,118

  

  

  

 1,422,653

  

 

 
 Bank premises and equipment, net

  

  

 14,974

  

  

  

 14,911

  

  

  

 14,906

  

  

  

 14,878

  

  

  

 14,693

  

 

 
 Bank owned life insurance

  

  

 32,293

  

  

  

 32,004

  

  

  

 31,720

  

  

  

 31,440

  

  

  

 31,172

  

 

 
 Other assets

  

  

 54,746

  

  

  

 37,686

  

  

  

 38,934

  

  

  

 44,264

  

  

  

 42,565

  

 

 
 Total assets

  

 $

 1,847,365

  

  

 $

 1,838,360

  

  

 $

 1,888,626

  

  

 $

 1,932,473

  

  

 $

 2,035,080

  

 

 
 Liabilities and Shareholders' Equity

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

 

 
 Liabilities

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

 

 
 Deposits:

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

 

 
 Noninterest bearing demand deposits

  

 $

 463,086

  

  

 $

 455,107

  

  

 $

 432,171

  

  

 $

 521,149

  

  

 $

 574,596

  

 

 
 Savings and interest bearing demand deposits

  

  

 720,714

  

  

  

 728,322

  

  

  

 728,545

  

  

  

 687,530

  

  

  

 728,370

  

 

 
 Time deposits

  

  

 418,135

  

  

  

 414,790

  

  

  

 446,644

  

  

  

 446,369

  

  

  

 463,558

  

 

 
 Total deposits

  

 $

 1,601,935

  

  

 $

 1,598,219

  

  

 $

 1,607,360

  

  

 $

 1,655,048

  

  

 $

 1,766,524

  

 

 
 Federal funds purchased

  

  

 11

  

  

  

 —

  

  

  

 —

  

  

  

 101

  

  

  

 172

  

 

 
 Federal Home Loan Bank advances, long-term

  

  

 —

  

  

  

 —

  

  

  

 40,000

  

  

  

 40,000

  

  

  

 40,000

  

 

 
 Subordinated debt, net

  

  

 29,613

  

  

  

 29,596

  

  

  

 29,579

  

  

  

 29,562

  

  

  

 29,545

  

 

 
 Other liabilities

  

  

 21,901

  

  

  

 20,219

  

  

  

 22,848

  

  

  

 22,181

  

  

  

 19,191

  

 

 
 Total liabilities

  

 $

 1,653,460

  

  

 $

 1,648,034

  

  

 $

 1,699,787

  

  

 $

 1,746,892

  

  

 $

 1,855,432

  

 

 
  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

 

 
 Commitments and contingent liabilities

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

 

 
  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

 

 
 Shareholders' Equity

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

 

 
 Preferred stock, $10 par value

  

  

 —

  

  

  

 —

  

  

  

 —

  

  

  

 —

  

  

  

 —

  

 

 
 Common stock, $2.50 par value

  

  

 13,311

  

  

  

 13,311

  

  

  

 13,264

  

  

  

 13,260

  

  

  

 13,260

  

 

 
 Surplus

  

  

 65,189

  

  

  

 64,802

  

  

  

 64,720

  

  

  

 64,458

  

  

  

 64,154

  

 

 
 Retained earnings

  

  

 121,481

  

  

  

 118,178

  

  

  

 116,115

  

  

  

 113,448

  

  

  

 109,530

  

 

 
 Accumulated other comprehensive (loss)

  

  

 (6,076

 )

  

  

 (5,965

 )

  

  

 (5,260

 )

  

  

 (5,585

 )

  

  

 (7,296

 )

 

 
 Total shareholders' equity

  

 $

 193,905

  

  

 $

 190,326

  

  

 $

 188,839

  

  

 $

 185,581

  

  

 $

 179,648

  

 

 
 Total liabilities and shareholders' equity

  

 $

 1,847,365

  

  

 $

 1,838,360

  

  

 $

 1,888,626

  

  

 $

 1,932,473

  

  

 $

 2,035,080

  

 

  
* Derived from audited consolidated financial statements. 

  

 
  

 EAGLE FINANCIAL SERVICES, INC.
LOAN DATA (unaudited)
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
  

  

 As of:

  

 

 
 (Dollars in thousands)

  

 6/30/2026

  

  

 3/31/2026

  

  

 12/31/2025

  

  

 9/30/2025

  

  

 6/30/2025

  

 

 
 Mortgage real estate loans: