2023 Q1 Form 10-K Financial Statement

#000095017023010622 Filed on March 29, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $18.56M $16.16M $3.000K
YoY Change 61.25% 40.99% -98.73%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $244.0K $651.0K $979.0K
YoY Change -1.21% 27.65% -1.71%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $5.914M $5.473M
YoY Change 1498.38% 226.36%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $3.120M $3.867M $17.67M
YoY Change -20.39% 70.28% 38.2%
Income Tax $535.0K $670.0K $3.150M
% Of Pretax Income 17.15% 17.33% 17.83%
Net Earnings $2.585M $3.197M $14.52M
YoY Change -20.46% 40.04% 31.76%
Net Earnings / Revenue 13.93% 19.78% 484033.33%
Basic Earnings Per Share $0.73 $0.92 $4.17
Diluted Earnings Per Share $0.73 $0.92 $4.17
COMMON SHARES
Basic Shares Outstanding 3.523M 3.490M 3.482M
Diluted Shares Outstanding 3.522M 3.482M

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $128.7M $66.89M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $17.83M $18.06M $18.06M
YoY Change -23.75% -1.01% -23.13%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $1.757B $1.617B $1.617B
YoY Change 27.83% 24.07% 24.08%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $4.898M $4.978M $4.978M
YoY Change -6.02% -2.39% -2.39%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $32.98M $32.98M
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $4.898M $4.978M $4.978M
YoY Change -6.02% -2.39% -2.39%
LONG-TERM LIABILITIES
Long-Term Debt $29.39M $29.38M $29.38M
YoY Change 0.23%
Other Long-Term Liabilities $8.019M $13.56M $13.56M
YoY Change 26.68% 30.35% 30.35%
Total Long-Term Liabilities $37.41M $42.93M $42.93M
YoY Change 4.92% 312.82% 312.82%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.898M $4.978M $4.978M
Total Long-Term Liabilities $37.41M $42.93M $42.93M
Total Liabilities $1.652B $1.515B $1.515B
YoY Change 29.88% 27.02% 27.01%
SHAREHOLDERS EQUITY
Retained Earnings $99.85M $100.3M
YoY Change 8.48% 11.71%
Common Stock $8.651M $8.629M
YoY Change 0.76% 0.85%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $104.5M $101.7M $101.7M
YoY Change
Total Liabilities & Shareholders Equity $1.757B $1.617B $1.617B
YoY Change 27.83% 24.07% 24.08%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income $2.585M $3.197M $14.52M
YoY Change -20.46% 40.04% 31.76%
Depreciation, Depletion And Amortization $244.0K $651.0K $979.0K
YoY Change -1.21% 27.65% -1.71%
Cash From Operating Activities $214.0K $9.188M $13.81M
YoY Change 20.9% 107.87% -2.86%
INVESTING ACTIVITIES
Capital Expenditures $7.000K $345.0K $838.0K
YoY Change -97.89% 331.25% 61.15%
Acquisitions
YoY Change
Other Investing Activities -$75.10M -$119.8M -$330.5M
YoY Change 48.93% 119.37% 73.53%
Cash From Investing Activities -$75.10M -$120.1M -$331.3M
YoY Change 47.97% 120.29% 73.49%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 136.7M 141.9M 320.3M
YoY Change 65.87% 210.0% 99.09%
NET CHANGE
Cash From Operating Activities 214.0K 9.188M 13.81M
Cash From Investing Activities -75.10M -120.1M -331.3M
Cash From Financing Activities 136.7M 141.9M 320.3M
Net Change In Cash 61.82M 30.96M 2.826M
YoY Change 94.15% -813.34% -117.83%
FREE CASH FLOW
Cash From Operating Activities $214.0K $9.188M $13.81M
Capital Expenditures $7.000K $345.0K $838.0K
Free Cash Flow $207.0K $8.843M $12.98M
YoY Change -234.42% 103.76% -5.29%

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CY2022 efsi Bank Owned Life Insurance Income Expense Net
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CY2021 efsi Bank Owned Life Insurance Income Expense Net
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CY2022 us-gaap Deferred Income Tax Expense Benefit
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CY2021 us-gaap Increase Decrease In Other Operating Assets
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CY2021 us-gaap Increase Decrease In Operating Liabilities
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CY2022 us-gaap Net Cash Provided By Used In Operating Activities
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CY2021 us-gaap Net Cash Provided By Used In Operating Activities
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CY2021 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
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CY2021 us-gaap Payments To Acquire Available For Sale Securities Debt
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CY2021 us-gaap Payments To Acquire Restricted Investments
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CY2022 us-gaap Proceeds From Sale Of Property Plant And Equipment
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CY2021 us-gaap Payments To Acquire Property Plant And Equipment
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CY2021 us-gaap Payments To Acquire Life Insurance Policies
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CY2021 us-gaap Increase Decrease In Loans Held For Sale
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248598000
CY2022 efsi Funding Of Capital Commitments Related To Other Investments
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CY2021 efsi Funding Of Capital Commitments Related To Other Investments
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CY2021 us-gaap Net Cash Provided By Used In Investing Activities
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CY2022 us-gaap Increase Decrease In Federal Funds Purchased And Securities Sold Under Agreements To Repurchase Net
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CY2021 efsi Issuance Of Common Stock Employee Benefit Plan
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CY2021 us-gaap Net Cash Provided By Used In Financing Activities
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64068000
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CY2021 us-gaap Unrealized Gain Loss On Investments
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CY2021 us-gaap Transfer To Other Real Estate
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CY2021 us-gaap Stock Issued1
StockIssued1
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CY2022Q4 efsi Consolidated Financial Ownership Wholly Owned Subsidiary Percentage
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1
CY2022 efsi Sale Of Non Mortgage Loans
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CY2022 efsi Period Intereston Mortgage Loans Discontinued
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CY2022 efsi Period Intereston Commercial Loans Discontinued
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P90D
CY2022 efsi Credit Card Loans Charged Off After Past Due
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CY2022 us-gaap Concentration Risk Credit Risk
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<p style="text-indent:0.0%;font-size:10.0pt;margin-top:14.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">Risks by Loan Portfolio Segments</span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:5.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;font-style:italic;min-width:fit-content;">One-to-Four-Family Residential Real Estate Lending</span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:5.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">Residential mortgage loans generally are made on the basis of the borrower’s ability to make repayment from employment and other income and are secured by real estate whose value tends to be readily ascertainable. As part of the application process, information is gathered concerning income, employment and credit history of the applicant. The valuation of residential collateral is provided by independent fee appraisers who have been approved by the Bank’s Directors Loan Committee.</span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:14.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;font-style:italic;min-width:fit-content;">Commercial Real Estate Lending</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;font-style:italic;min-width:fit-content;"> </span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:5.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">Commercial real estate lending entails significant additional risk as compared with residential mortgage lending. Commercial real estate loans typically involve larger loan balances concentrated with single borrowers or groups of related borrowers. Additionally, the repayment of loans secured by income producing properties is typically dependent on the successful operation of a business or a real estate project and thus may be subject, to a greater extent, to adverse conditions in the real estate market or the economy, in general.</span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:14.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;font-style:italic;min-width:fit-content;">Construction and Land Development Lending</span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:5.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">There are two characteristics of construction lending which impact its overall risk as compared to residential mortgage lending. First, there is more concentration risk due to the extension of a large loan balance through several lines of credit to a single developer or contractor. Second, there is more collateral risk due to the fact that loan funds are provided to the borrower based upon the estimated value of the collateral after completion. This could cause an inaccurate estimate of the amount needed to complete construction or an excessive loan-to-value ratio. To mitigate the risks associated with construction lending, the Bank generally limits loan amounts to </span><span style="font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">80</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">% of the estimated appraised value of the finished home.</span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:14.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;font-style:italic;min-width:fit-content;">Commercial and Industrial Lending</span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:5.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">Commercial business loans generally have more risk than residential mortgage loans, but have higher yields. To manage these risks, the Bank generally obtains appropriate collateral and personal guarantees from the borrower’s principal owners and monitors the financial condition of the borrower. Commercial business loans typically are made on the basis of the borrower’s ability to make repayment from cash flow from its business and are secured by business assets, such as accounts receivable, equipment, inventory and boats. As a result, the availability of funds for the repayment of commercial business loans is substantially dependent on the success of the business itself. Furthermore, the collateral for commercial business loans may depreciate over time and generally cannot be appraised with as much precision as residential real estate.</span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:14.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;font-style:italic;min-width:fit-content;">Consumer Lending</span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:5.0pt;font-family:Times New Roman;margin-bottom:12.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">Consumer loans generally entail greater risk than residential mortgage loans, particularly in the case of consumer loans which are unsecured or secured by rapidly depreciable assets such as automobiles. A portion of the Company’s consumer loans are also secured by boats. In such cases, any repossessed collateral on a defaulted consumer loan may not provide an adequate source of repayment of the outstanding loan balance as a result of the greater likelihood of damage, loss or depreciation.</span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:5.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;font-style:italic;min-width:fit-content;">Marine Lending</span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:5.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">The Bank’s marine lending unit, which includes originated retail loans, which are classified as commercial and industrial loans or consumer loans depending on borrower, and dealer floorplan loans, which are classified as commercial and industrial loans. The Company’s relationships are limited to well established dealers of global premium brand manufacturers. The Company’s top three manufacturer customers have been in business between 30 and 100 years. The Company primarily has secured agreements with premium manufacturers to support dealer floor plan loans which reduces the Company’s credit exposure to the dealer, despite its underwriting of each respective dealer. The Company has developed incentive retail pricing programs with the dealers to drive retail dealer flow. In addition to the repurchase agreements associated with floor plan lending, manufacturers will often support secondary resale values which can have the effect of reducing losses from non-performing retail marine loans. Retail borrowers generally have very high credit scores, substantial down payments, substantial net worth, personal liquidity, and excess cash flow.</span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:0.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="white-space:pre-wrap;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> </span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:0.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="white-space:pre-wrap;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> </span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:0.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;font-style:italic;min-width:fit-content;">Paycheck Protection Program Loans</span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:5.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">In both 2021 and 2020, the Company participated in the Paycheck Protection Program ("PPP"). As of December 31, 2022</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">, the Company had </span><span style="font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">1</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> PPP loan with an outstanding balance of $</span><span style="font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">74</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> thousand. As of </span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">December 31, 2021</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">, the Company had </span><span style="font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">152</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> PPP loans with outstanding balances totaling $</span><span style="font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">15.9</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> million. Net origination fees related to PPP loans were recognized in earnings over the lives of the loans or until forgiveness by the SBA.</span></p>
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CY2022 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="text-indent:0.0%;font-size:10.0pt;margin-top:14.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">Reclassifications</span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:5.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">Certain reclassifications have been made to the 2021 financial statements to conform to reporting for 2022</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">. The results of the reclassifications are not considered material and had no effect on prior years' net income or shareholders' equity.</span></p>
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CY2021Q4 us-gaap Property Plant And Equipment Net
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NoninterestBearingDepositLiabilitiesDomestic
470355000
CY2022Q4 us-gaap Interest Bearing Domestic Deposit Negotiable Order Of Withdrawal Now
InterestBearingDomesticDepositNegotiableOrderOfWithdrawalNOW
167197000
CY2021Q4 us-gaap Interest Bearing Domestic Deposit Negotiable Order Of Withdrawal Now
InterestBearingDomesticDepositNegotiableOrderOfWithdrawalNOW
162690000
CY2022Q4 us-gaap Interest Bearing Domestic Deposit Money Market
InterestBearingDomesticDepositMoneyMarket
220498000
CY2021Q4 us-gaap Interest Bearing Domestic Deposit Money Market
InterestBearingDomesticDepositMoneyMarket
251862000
CY2022Q4 us-gaap Interest Bearing Domestic Deposit Savings
InterestBearingDomesticDepositSavings
239736000
CY2021Q4 us-gaap Interest Bearing Domestic Deposit Savings
InterestBearingDomesticDepositSavings
168744000
CY2022Q4 us-gaap Interest Bearing Deposit Liabilities Domestic
InterestBearingDepositLiabilitiesDomestic
627431000
CY2021Q4 us-gaap Interest Bearing Deposit Liabilities Domestic
InterestBearingDepositLiabilitiesDomestic
583296000
CY2022Q4 efsi Time Deposits Lessthan250000
TimeDepositsLessthan250000
87531000
CY2021Q4 efsi Time Deposits Lessthan250000
TimeDepositsLessthan250000
58427000
CY2022Q4 efsi Time Deposits250000or More
TimeDeposits250000orMore
70363000
CY2021Q4 efsi Time Deposits250000or More
TimeDeposits250000orMore
65157000
CY2022Q4 us-gaap Time Deposits
TimeDeposits
157894000
CY2021Q4 us-gaap Time Deposits
TimeDeposits
123584000
CY2022Q4 us-gaap Deposits Domestic
DepositsDomestic
1264075000
CY2021Q4 us-gaap Deposits Domestic
DepositsDomestic
1177235000
CY2022Q4 efsi Reciprocal Money Market Accounts Domestic
ReciprocalMoneyMarketAccountsDomestic
59500000
CY2021Q4 efsi Reciprocal Money Market Accounts Domestic
ReciprocalMoneyMarketAccountsDomestic
42200000
CY2022Q4 us-gaap Interest Bearing Domestic Deposit Brokered
InterestBearingDomesticDepositBrokered
4600000
CY2021Q4 us-gaap Interest Bearing Domestic Deposit Brokered
InterestBearingDomesticDepositBrokered
0
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Provision For Loan Losses
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsProvisionForLoanLosses
1845000
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
222000
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
136000
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Postretirement Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsPostretirementBenefits
21000
CY2022Q4 us-gaap Time Deposit Maturities Year One
TimeDepositMaturitiesYearOne
135595000
CY2022Q4 us-gaap Time Deposit Maturities Year Two
TimeDepositMaturitiesYearTwo
13408000
CY2022Q4 us-gaap Time Deposit Maturities Year Three
TimeDepositMaturitiesYearThree
2333000
CY2022Q4 us-gaap Time Deposit Maturities Year Four
TimeDepositMaturitiesYearFour
3628000
CY2022Q4 us-gaap Time Deposit Maturities Year Five
TimeDepositMaturitiesYearFive
2191000
CY2022Q4 us-gaap Time Deposit Maturities After Year Five
TimeDepositMaturitiesAfterYearFive
739000
CY2022Q4 us-gaap Time Deposits
TimeDeposits
157894000
CY2022Q4 us-gaap Deposit Liabilities Reclassified As Loans Receivable1
DepositLiabilitiesReclassifiedAsLoansReceivable1
218000
CY2021Q4 us-gaap Deposit Liabilities Reclassified As Loans Receivable1
DepositLiabilitiesReclassifiedAsLoansReceivable1
231000
CY2022Q4 us-gaap Federal Funds Purchased And Securities Sold Under Agreements To Repurchase
FederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchase
32980000
CY2021Q4 us-gaap Federal Funds Purchased And Securities Sold Under Agreements To Repurchase
FederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchase
0
CY2022 efsi Federal Funds Purchased Activity For Year Average Balance Of Agreements Outstanding
FederalFundsPurchasedActivityForYearAverageBalanceOfAgreementsOutstanding
7881000
CY2021 efsi Federal Funds Purchased Activity For Year Average Balance Of Agreements Outstanding
FederalFundsPurchasedActivityForYearAverageBalanceOfAgreementsOutstanding
1000
CY2022 efsi Federal Funds Purchased Activity For Year Average Interest Rate For Year
FederalFundsPurchasedActivityForYearAverageInterestRateForYear
0.0216
CY2021 efsi Federal Funds Purchased Activity For Year Average Interest Rate For Year
FederalFundsPurchasedActivityForYearAverageInterestRateForYear
0.0066
CY2022 efsi Federal Funds Purchased Activity For Year Maximum Outstanding At Any Month End
FederalFundsPurchasedActivityForYearMaximumOutstandingAtAnyMonthEnd
32980000
CY2021 efsi Federal Funds Purchased Activity For Year Maximum Outstanding At Any Month End
FederalFundsPurchasedActivityForYearMaximumOutstandingAtAnyMonthEnd
0
CY2022 efsi Federal Funds Purchased Activity For Year Gross Lines Of Credit
FederalFundsPurchasedActivityForYearGrossLinesOfCredit
78000000
CY2021 efsi Federal Funds Purchased Activity For Year Gross Lines Of Credit
FederalFundsPurchasedActivityForYearGrossLinesOfCredit
78000000
CY2022 efsi Federal Funds Purchased Activity For Year Unused Lines Of Credit
FederalFundsPurchasedActivityForYearUnusedLinesOfCredit
78000000
CY2021 efsi Federal Funds Purchased Activity For Year Unused Lines Of Credit
FederalFundsPurchasedActivityForYearUnusedLinesOfCredit
78000000
CY2022Q4 us-gaap Federal Home Loan Bank Advances General Debt Obligations Disclosures Amount Of Available Unused Funds
FederalHomeLoanBankAdvancesGeneralDebtObligationsDisclosuresAmountOfAvailableUnusedFunds
105700000
CY2021Q4 us-gaap Federal Home Loan Bank Advances
FederalHomeLoanBankAdvances
0
CY2022Q4 efsi Federal Home Loan Bank Irrevocable Letterof Credit
FederalHomeLoanBankIrrevocableLetterofCredit
60000000.0
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Provision For Loan Losses
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsProvisionForLoanLosses
2356000
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Postretirement Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsPostretirementBenefits
21000
CY2022Q4 efsi Deferred Tax Assets Home Equity Origination Costs
DeferredTaxAssetsHomeEquityOriginationCosts
81000
CY2021Q4 efsi Deferred Tax Assets Home Equity Origination Costs
DeferredTaxAssetsHomeEquityOriginationCosts
67000
CY2022Q4 us-gaap Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
48000
CY2021Q4 us-gaap Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
65000
CY2022Q4 efsi Deferred Tax Assets Lease Liabilities
DeferredTaxAssetsLeaseLiabilities
1045000
CY2021Q4 efsi Deferred Tax Assets Lease Liabilities
DeferredTaxAssetsLeaseLiabilities
1110000
CY2022Q4 efsi Credit Carryforward
CreditCarryforward
648000
CY2021Q4 efsi Credit Carryforward
CreditCarryforward
973000
CY2022Q4 us-gaap Deferred Tax Assets Other Comprehensive Loss
DeferredTaxAssetsOtherComprehensiveLoss
5440000
CY2021Q4 us-gaap Deferred Tax Assets Other Comprehensive Loss
DeferredTaxAssetsOtherComprehensiveLoss
46000
CY2022Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
26000
CY2021Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
27000
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
9887000
CY2021Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
4290000
CY2022Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
710000
CY2021Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
659000
CY2022Q4 efsi Deferred Tax Liabilities Right Of Use Assets
DeferredTaxLiabilitiesRightOfUseAssets
1001000
CY2021Q4 efsi Deferred Tax Liabilities Right Of Use Assets
DeferredTaxLiabilitiesRightOfUseAssets
1079000
CY2022Q4 efsi Loan Servicing Rights
LoanServicingRights
144000
CY2022Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
1855000
CY2021Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
1738000
CY2022Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
8032000
CY2021Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
2552000
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
3236000
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
3203000
CY2022 us-gaap Deferred Other Tax Expense Benefit
DeferredOtherTaxExpenseBenefit
-86000
CY2021 us-gaap Deferred Other Tax Expense Benefit
DeferredOtherTaxExpenseBenefit
-1437000
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3150000
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1766000
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
30.70
CY2022 us-gaap Deferred Compensation Arrangement With Individual Allocated Share Based Compensation Expense
DeferredCompensationArrangementWithIndividualAllocatedShareBasedCompensationExpense
1000000.0
CY2021 us-gaap Deferred Compensation Arrangement With Individual Allocated Share Based Compensation Expense
DeferredCompensationArrangementWithIndividualAllocatedShareBasedCompensationExpense
850000
CY2022 efsi Deferred Compensation Arrangement Grant Date Fair Value Of Vested Restricted Stock
DeferredCompensationArrangementGrantDateFairValueOfVestedRestrictedStock
741000
CY2021 efsi Deferred Compensation Arrangement Grant Date Fair Value Of Vested Restricted Stock
DeferredCompensationArrangementGrantDateFairValueOfVestedRestrictedStock
653000
CY2022 efsi Deferred Compensation Arrangement Vest Date Fair Value Of Vested Restricted Stock
DeferredCompensationArrangementVestDateFairValueOfVestedRestrictedStock
819000
CY2021 efsi Deferred Compensation Arrangement Vest Date Fair Value Of Vested Restricted Stock
DeferredCompensationArrangementVestDateFairValueOfVestedRestrictedStock
690000
CY2022 efsi Deferred Compensation Arrangements Unrecognized Compensation Cost Related To Unvested Restricted Stock
DeferredCompensationArrangementsUnrecognizedCompensationCostRelatedToUnvestedRestrictedStock
377000
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
3711000
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
2685000
CY2022 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
81000
CY2021 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
135000
CY2022 efsi Effective Income Tax Rate Reconciliation Tax Exempt Income Life Insurance Amount
EffectiveIncomeTaxRateReconciliationTaxExemptIncomeLifeInsuranceAmount
131000
CY2021 efsi Effective Income Tax Rate Reconciliation Tax Exempt Income Life Insurance Amount
EffectiveIncomeTaxRateReconciliationTaxExemptIncomeLifeInsuranceAmount
102000
CY2022 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
353000
CY2021 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
686000
CY2022 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
4000
CY2021 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
4000
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3150000
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1766000
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.1783
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.1381
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
31738
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
30.70
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
20928
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
29.98
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
31648
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
35.19
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
32496
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
31.16
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
23079
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
32.11
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
21261
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
30.70
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
1527
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
32.13
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
425
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
31.05
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
38780
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
33.47
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
31738
CY2022 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y
CY2022 us-gaap Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
0.50
CY2022 us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent
0.06
CY2022Q4 efsi Non Elective Safe Harbor Employer Contribution And Age Weighted Employer Contribution Percent
NonElectiveSafeHarborEmployerContributionAndAgeWeightedEmployerContributionPercent
0.03
CY2022 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
1900000
CY2021 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
1500000
CY2022 efsi Maximum Age Benefits Can Be Reduced Or Forfeited Due To Employment Termination
MaximumAgeBenefitsCanBeReducedOrForfeitedDueToEmploymentTermination
P65Y
CY2022Q4 efsi Executive Supplemental Income Benefit Liability
ExecutiveSupplementalIncomeBenefitLiability
8000
CY2021Q4 efsi Executive Supplemental Income Benefit Liability
ExecutiveSupplementalIncomeBenefitLiability
15000
CY2022 efsi Executive Supplemental Income Benefit Expense
ExecutiveSupplementalIncomeBenefitExpense
29000
CY2021 efsi Executive Supplemental Income Benefit Expense
ExecutiveSupplementalIncomeBenefitExpense
29000
CY2022Q4 us-gaap Compensating Balance Amount
CompensatingBalanceAmount
250000
CY2021Q4 us-gaap Compensating Balance Amount
CompensatingBalanceAmount
250000
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
4978000
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
5289000
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
4766000
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
5139000
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P14Y
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P15Y
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0304
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0299
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
528000
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
376000
CY2022 us-gaap Short Term Lease Cost
ShortTermLeaseCost
15000
CY2021 us-gaap Short Term Lease Cost
ShortTermLeaseCost
19000
CY2022 us-gaap Lease Cost
LeaseCost
543000
CY2021 us-gaap Lease Cost
LeaseCost
395000
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
466000
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
314000
CY2021Q4 us-gaap Tier One Risk Based Capital Required For Capital Adequacy
TierOneRiskBasedCapitalRequiredForCapitalAdequacy
61816000
CY2021Q4 efsi Tier One Risk Based Capital Required For Capital Adequacy To Risk Weighted Assets1
TierOneRiskBasedCapitalRequiredForCapitalAdequacyToRiskWeightedAssets1
0.0600
CY2021Q4 us-gaap Tier One Risk Based Capital Required To Be Well Capitalized
TierOneRiskBasedCapitalRequiredToBeWellCapitalized
82421000
CY2021Q4 efsi Tier One Risk Based Capital Required To Be Well Capitalized To Risk Weighted Assets1
TierOneRiskBasedCapitalRequiredToBeWellCapitalizedToRiskWeightedAssets1
0.0800
CY2021Q4 us-gaap Tier One Leverage Capital
TierOneLeverageCapital
107570000
CY2021Q4 efsi Tier One Leverage Capital To Average Assets1
TierOneLeverageCapitalToAverageAssets1
0.0884
CY2021Q4 us-gaap Tier One Leverage Capital Required For Capital Adequacy
TierOneLeverageCapitalRequiredForCapitalAdequacy
48654000
CY2021Q4 efsi Tier One Leverage Capital Required For Capital Adequacy To Average Assets1
TierOneLeverageCapitalRequiredForCapitalAdequacyToAverageAssets1
0.0400
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
473000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
480000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
504000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
397000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
391000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
4149000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
6394000
CY2022Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1416000
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
4978000
CY2022Q4 us-gaap Banking Regulation Tier One Leverage Capital Ratio Undercapitalized Minimum
BankingRegulationTierOneLeverageCapitalRatioUndercapitalizedMinimum
0.09
CY2022 us-gaap Banking Regulation Maximum Leverage Payout Ratio
BankingRegulationMaximumLeveragePayoutRatio
0.08
CY2022Q4 us-gaap Tier One Leverage Capital
TierOneLeverageCapital
143214000
CY2022Q4 efsi Tier One Leverage Capital To Average Assets1
TierOneLeverageCapitalToAverageAssets1
0.0919
CY2022Q4 us-gaap Common Equity Tier One Capital Required To Be Well Capitalized
CommonEquityTierOneCapitalRequiredToBeWellCapitalized
140210000
CY2022Q4 efsi Common Equity Tier One Capital Required To Be Well Capitalized To Risk Weighted Assets
CommonEquityTierOneCapitalRequiredToBeWellCapitalizedToRiskWeightedAssets
0.0900
CY2021Q4 us-gaap Common Equity Tier One Capital
CommonEquityTierOneCapital
107570000
CY2021Q4 efsi Common Equity Tier One Capitalto Risk Weighted Assets
CommonEquityTierOneCapitaltoRiskWeightedAssets
0.1044
CY2021Q4 us-gaap Common Equity Tier One Capital Required For Capital Adequacy
CommonEquityTierOneCapitalRequiredForCapitalAdequacy
46362000
CY2021Q4 efsi Common Equity Tier One Capital For Capital Adequacy To Risk Weighted Assets
CommonEquityTierOneCapitalForCapitalAdequacyToRiskWeightedAssets
0.0450
CY2021Q4 us-gaap Common Equity Tier One Capital Required To Be Well Capitalized
CommonEquityTierOneCapitalRequiredToBeWellCapitalized
66967000
CY2021Q4 efsi Common Equity Tier One Capital Required To Be Well Capitalized To Risk Weighted Assets
CommonEquityTierOneCapitalRequiredToBeWellCapitalizedToRiskWeightedAssets
0.0650
CY2021Q4 us-gaap Capital
Capital
116420000
CY2021Q4 efsi Capital To Risk Weighted Assets1
CapitalToRiskWeightedAssets1
0.1130
CY2021Q4 us-gaap Capital Required For Capital Adequacy
CapitalRequiredForCapitalAdequacy
82421000
CY2021Q4 efsi Capital Required For Capital Adequacy To Risk Weighted Assets1
CapitalRequiredForCapitalAdequacyToRiskWeightedAssets1
0.0800
CY2021Q4 us-gaap Capital Required To Be Well Capitalized
CapitalRequiredToBeWellCapitalized
103026000
CY2021Q4 efsi Capital Required To Be Well Capitalized To Risk Weighted Assets1
CapitalRequiredToBeWellCapitalizedToRiskWeightedAssets1
0.1000
CY2021Q4 us-gaap Tier One Risk Based Capital
TierOneRiskBasedCapital
107570000
CY2021Q4 efsi Tier One Risk Based Capital To Risk Weighted Assets1
TierOneRiskBasedCapitalToRiskWeightedAssets1
0.1044
CY2021Q4 us-gaap Tier One Leverage Capital Required To Be Well Capitalized
TierOneLeverageCapitalRequiredToBeWellCapitalized
60817000
CY2021Q4 efsi Tier One Leverage Capital Required To Be Well Capitalized To Average Assets1
TierOneLeverageCapitalRequiredToBeWellCapitalizedToAverageAssets1
0.0500
CY2022Q4 us-gaap Statutory Accounting Practices Statutory Amount Available For Dividend Payments
StatutoryAccountingPracticesStatutoryAmountAvailableForDividendPayments
32400000
CY2022Q4 efsi Restricted Equity In Net Assets Of Bank
RestrictedEquityInNetAssetsOfBank
90300000
CY2022 efsi Funds Available For Loans Or Advances
FundsAvailableForLoansOrAdvances
15400000
CY2022 efsi Financial Instruments Commitments To Extend Credit
FinancialInstrumentsCommitmentsToExtendCredit
27927000
CY2021 efsi Financial Instruments Commitments To Extend Credit
FinancialInstrumentsCommitmentsToExtendCredit
21886000
CY2022 efsi Financial Instruments Unfunded Commitments Under Lines Of Credit
FinancialInstrumentsUnfundedCommitmentsUnderLinesOfCredit
191259000
CY2021 efsi Financial Instruments Unfunded Commitments Under Lines Of Credit
FinancialInstrumentsUnfundedCommitmentsUnderLinesOfCredit
171406000
CY2022 efsi Financial Instruments Commercial And Standby Letters Of Credit
FinancialInstrumentsCommercialAndStandbyLettersOfCredit
7069000
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