2024 Q1 Form 10-K Financial Statement

#000095017024038718 Filed on March 29, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $21.91M $22.02M $0.00
YoY Change 18.07% 36.2% -100.0%
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 $248.0K $632.0K $1.990M
YoY Change 1.64% -2.92% 103.27%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $9.488M $32.84M
YoY Change 60.43% 499.98%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $3.043M $2.296M $10.63M
YoY Change -2.47% -40.63% -39.83%
Income Tax $495.0K -$99.00K $1.276M
% Of Pretax Income 16.27% -4.31% 12.0%
Net Earnings $2.548M $2.395M $9.357M
YoY Change -1.43% -25.09% -35.56%
Net Earnings / Revenue 11.63% 10.88%
Basic Earnings Per Share $0.72 $0.69 $2.66
Diluted Earnings Per Share $0.72 $0.68 $2.66
COMMON SHARES
Basic Shares Outstanding 3.557M 3.521M 3.524M
Diluted Shares Outstanding 3.557M 3.524M

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $127.6M $138.4M
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 $17.95M $18.11M $18.11M
YoY Change 0.71% 0.24% 0.24%
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 $1.783B $1.826B $1.826B
YoY Change 1.49% 12.92% 12.92%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $4.588M $4.653M $4.653M
YoY Change -6.33% -6.53% -6.53%
Deferred Revenue
YoY Change
Short-Term Debt $347.0K $0.00 $0.00
YoY Change -100.0% -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $4.935M $4.653M $4.653M
YoY Change 0.76% -6.53% -6.53%
LONG-TERM LIABILITIES
Long-Term Debt $29.46M $29.44M $29.44M
YoY Change 0.23% 0.23% 0.23%
Other Long-Term Liabilities $11.86M $16.45M $16.45M
YoY Change 47.87% 21.36% 21.36%
Total Long-Term Liabilities $41.32M $45.90M $45.90M
YoY Change 10.44% 6.9% 6.9%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.935M $4.653M $4.653M
Total Long-Term Liabilities $41.32M $45.90M $45.90M
Total Liabilities $1.675B $1.717B $1.717B
YoY Change 1.39% 13.35% 13.35%
SHAREHOLDERS EQUITY
Retained Earnings $104.4M $103.4M
YoY Change 4.61% 3.16%
Common Stock $8.705M $8.660M
YoY Change 0.62% 0.36%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $107.7M $108.4M $108.4M
YoY Change
Total Liabilities & Shareholders Equity $1.783B $1.826B $1.826B
YoY Change 1.49% 12.92% 12.92%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income $2.548M $2.395M $9.357M
YoY Change -1.43% -25.09% -35.56%
Depreciation, Depletion And Amortization $248.0K $632.0K $1.990M
YoY Change 1.64% -2.92% 103.27%
Cash From Operating Activities $6.754M -$6.012M $6.875M
YoY Change 3056.07% -165.43% -50.23%
INVESTING ACTIVITIES
Capital Expenditures $94.00K -$56.00K $1.071M
YoY Change 1242.86% -116.23% 27.8%
Acquisitions
YoY Change
Other Investing Activities $25.89M -$24.61M -$129.2M
YoY Change -134.47% -79.45% -60.9%
Cash From Investing Activities $25.80M -$24.56M -$130.3M
YoY Change -134.35% -79.56% -60.68%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -43.27M 26.89M 194.9M
YoY Change -131.65% -81.05% -39.17%
NET CHANGE
Cash From Operating Activities 6.754M -6.012M 6.875M
Cash From Investing Activities 25.80M -24.56M -130.3M
Cash From Financing Activities -43.27M 26.89M 194.9M
Net Change In Cash -10.72M -3.685M 71.46M
YoY Change -117.34% -111.9% 2428.63%
FREE CASH FLOW
Cash From Operating Activities $6.754M -$6.012M $6.875M
Capital Expenditures $94.00K -$56.00K $1.071M
Free Cash Flow $6.660M -$5.956M $5.804M
YoY Change 3117.39% -167.35% -55.27%

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CY2022 us-gaap Professional Fees
ProfessionalFees
2019000
CY2023 efsi Dataprocessingfees
Dataprocessingfees
1935000
CY2022 efsi Dataprocessingfees
Dataprocessingfees
1779000
CY2023 us-gaap Other Noninterest Expense
OtherNoninterestExpense
7363000
CY2022 us-gaap Other Noninterest Expense
OtherNoninterestExpense
5564000
CY2023 us-gaap Noninterest Expense
NoninterestExpense
52754000
CY2022 us-gaap Noninterest Expense
NoninterestExpense
43057000
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
10633000
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
17671000
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1276000
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3150000
CY2023 us-gaap Net Income Loss
NetIncomeLoss
9357000
CY2022 us-gaap Net Income Loss
NetIncomeLoss
14521000
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.66
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.17
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.66
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.17
CY2023 us-gaap Net Income Loss
NetIncomeLoss
9357000
CY2022 us-gaap Net Income Loss
NetIncomeLoss
14521000
CY2023 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
-3000
CY2022 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
0
CY2023 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
5000
CY2022 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
0
CY2023 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
650000
CY2022 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-5394000
CY2023 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
2445000
CY2022 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-20291000
CY2023 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
2440000
CY2022 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-20291000
CY2023 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
11797000
CY2022 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-5770000
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
110280000
CY2022 us-gaap Net Income Loss
NetIncomeLoss
14521000
CY2022 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-20291000
CY2022 us-gaap Stock Issued During Period Shares Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures
23079
CY2022 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
0
CY2022 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1017000
CY2022 us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
5582
CY2022 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
199000
CY2022 us-gaap Stock Issued During Period Shares Employee Benefit Plan
StockIssuedDuringPeriodSharesEmployeeBenefitPlan
4697
CY2022 us-gaap Stock Issued During Period Value Employee Benefit Plan
StockIssuedDuringPeriodValueEmployeeBenefitPlan
164000
CY2022 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
4442
CY2022 efsi Changes In Shareholder Equity Retirement Of Common Stock
ChangesInShareholderEquityRetirementOfCommonStock
-154000
CY2022 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.15
CY2022 us-gaap Dividends Common Stock
DividendsCommonStock
4007000
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
101729000
CY2023 us-gaap Allowance For Loan And Lease Losses Adjustments Net
AllowanceForLoanAndLeaseLossesAdjustmentsNet
-1961000
CY2023 us-gaap Net Income Loss
NetIncomeLoss
9357000
CY2023 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
2440000
CY2023 us-gaap Stock Issued During Period Shares Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures
17402
CY2023 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
0
CY2023 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1213000
CY2023 us-gaap Stock Issued During Period Shares Employee Benefit Plan
StockIssuedDuringPeriodSharesEmployeeBenefitPlan
3803
CY2023 us-gaap Stock Issued During Period Value Employee Benefit Plan
StockIssuedDuringPeriodValueEmployeeBenefitPlan
132000
CY2023 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
8531
CY2023 efsi Changes In Shareholder Equity Retirement Of Common Stock
ChangesInShareholderEquityRetirementOfCommonStock
-302000
CY2023 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.2
CY2023 us-gaap Dividends Common Stock
DividendsCommonStock
4229000
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
108379000
CY2023 us-gaap Net Income Loss
NetIncomeLoss
9357000
CY2022 us-gaap Net Income Loss
NetIncomeLoss
14521000
CY2023 us-gaap Depreciation
Depreciation
1002000
CY2022 us-gaap Depreciation
Depreciation
979000
CY2023 efsi Amortization Of Intangible And Other Assets
AmortizationOfIntangibleAndOtherAssets
988000
CY2022 efsi Amortization Of Intangible And Other Assets
AmortizationOfIntangibleAndOtherAssets
931000
CY2023 us-gaap Payments For Origination And Purchases Of Loans Held For Sale
PaymentsForOriginationAndPurchasesOfLoansHeldForSale
41606000
CY2022 us-gaap Payments For Origination And Purchases Of Loans Held For Sale
PaymentsForOriginationAndPurchasesOfLoansHeldForSale
14276000
CY2023 us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
41224000
CY2022 us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
15486000
CY2023 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
1428000
CY2022 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
1875000
CY2023 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
1649000
CY2022 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
1830000
CY2023 us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
7000
CY2022 us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
0
CY2023 efsi Gain On Sale Of Marine Finance Assets
GainOnSaleOfMarineFinanceAssets
435000
CY2022 efsi Gain On Sale Of Marine Finance Assets
GainOnSaleOfMarineFinanceAssets
0
CY2023 efsi Gain Loss On The Sale Of Bank Premises And Equipment
GainLossOnTheSaleOfBankPremisesAndEquipment
-14000
CY2022 efsi Gain Loss On The Sale Of Bank Premises And Equipment
GainLossOnTheSaleOfBankPremisesAndEquipment
11000
CY2023 us-gaap Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
0
CY2022 us-gaap Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
-737000
CY2023 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
67000
CY2022 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
51000
CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
1213000
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
1017000
CY2023 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-335000
CY2022 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-562000
CY2023 efsi Bank Owned Life Insurance Income Expense Net
BankOwnedLifeInsuranceIncomeExpenseNet
713000
CY2022 efsi Bank Owned Life Insurance Income Expense Net
BankOwnedLifeInsuranceIncomeExpenseNet
626000
CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-1509000
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-86000
CY2023 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
4583000
CY2022 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
4742000
CY2023 us-gaap Increase Decrease In Operating Liabilities
IncreaseDecreaseInOperatingLiabilities
1335000
CY2022 us-gaap Increase Decrease In Operating Liabilities
IncreaseDecreaseInOperatingLiabilities
-706000
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
6875000
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
13814000
CY2023 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
14473000
CY2022 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
27630000
CY2023 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
0
CY2022 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
15370000
CY2023 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
0
CY2022 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
26819000
CY2023 us-gaap Proceeds From Sale Of Restricted Investments
ProceedsFromSaleOfRestrictedInvestments
4975000
CY2022 us-gaap Proceeds From Sale Of Restricted Investments
ProceedsFromSaleOfRestrictedInvestments
0
CY2023 us-gaap Payments To Acquire Restricted Investments
PaymentsToAcquireRestrictedInvestments
5310000
CY2022 us-gaap Payments To Acquire Restricted Investments
PaymentsToAcquireRestrictedInvestments
8184000
CY2023 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
39000
CY2022 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
33000
CY2023 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1071000
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
838000
CY2023 us-gaap Payments To Acquire Life Insurance Policies
PaymentsToAcquireLifeInsurancePolicies
5000000
CY2022 us-gaap Payments To Acquire Life Insurance Policies
PaymentsToAcquireLifeInsurancePolicies
0
CY2023 us-gaap Proceeds From Sale Of Other Real Estate
ProceedsFromSaleOfOtherRealEstate
115000
CY2022 us-gaap Proceeds From Sale Of Other Real Estate
ProceedsFromSaleOfOtherRealEstate
0
CY2023 us-gaap Debt Instrument Increase Decrease Other Net
DebtInstrumentIncreaseDecreaseOtherNet
0
CY2022 us-gaap Debt Instrument Increase Decrease Other Net
DebtInstrumentIncreaseDecreaseOtherNet
700000
CY2023 us-gaap Proceeds From Sale Of Finance Receivables
ProceedsFromSaleOfFinanceReceivables
53987000
CY2022 us-gaap Proceeds From Sale Of Finance Receivables
ProceedsFromSaleOfFinanceReceivables
0
CY2023 us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
-51871000
CY2022 us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
-155525000
CY2023 efsi Proceeds From Origination Of Loans Net Of Principal Collected
ProceedsFromOriginationOfLoansNetOfPrincipalCollected
-243441000
CY2022 efsi Proceeds From Origination Of Loans Net Of Principal Collected
ProceedsFromOriginationOfLoansNetOfPrincipalCollected
-492592000
CY2023 efsi Funding Of Capital Commitments Related To Other Investments
FundingOfCapitalCommitmentsRelatedToOtherInvestments
-922000
CY2022 efsi Funding Of Capital Commitments Related To Other Investments
FundingOfCapitalCommitmentsRelatedToOtherInvestments
-761000
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-130284000
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-331336000
CY2023 us-gaap Increase Decrease In Other Deposits
IncreaseDecreaseInOtherDeposits
-13123000
CY2022 us-gaap Increase Decrease In Other Deposits
IncreaseDecreaseInOtherDeposits
52530000
CY2023 us-gaap Increase Decrease In Time Deposits
IncreaseDecreaseInTimeDeposits
255370000
CY2022 us-gaap Increase Decrease In Time Deposits
IncreaseDecreaseInTimeDeposits
34310000
CY2023 us-gaap Interest Expense Federal Funds Purchased Increase Decrease
InterestExpenseFederalFundsPurchasedIncreaseDecrease
-32980000
CY2022 us-gaap Interest Expense Federal Funds Purchased Increase Decrease
InterestExpenseFederalFundsPurchasedIncreaseDecrease
32980000
CY2023 us-gaap Increase Decrease In Federal Funds Purchased And Securities Sold Under Agreements To Repurchase Net
IncreaseDecreaseInFederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchaseNet
-155000000
CY2022 us-gaap Increase Decrease In Federal Funds Purchased And Securities Sold Under Agreements To Repurchase Net
IncreaseDecreaseInFederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchaseNet
175000000
CY2023 efsi Advances Of Long Term Federal Home Loan Bank Advances
AdvancesOfLongTermFederalHomeLoanBankAdvances
145000000
CY2022 efsi Advances Of Long Term Federal Home Loan Bank Advances
AdvancesOfLongTermFederalHomeLoanBankAdvances
0
CY2023 us-gaap Proceeds From Issuance Of Subordinated Long Term Debt
ProceedsFromIssuanceOfSubordinatedLongTermDebt
0
CY2022 us-gaap Proceeds From Issuance Of Subordinated Long Term Debt
ProceedsFromIssuanceOfSubordinatedLongTermDebt
29326000
CY2023 efsi Issuance Of Common Stock Employee Benefit Plan
IssuanceOfCommonStockEmployeeBenefitPlan
132000
CY2022 efsi Issuance Of Common Stock Employee Benefit Plan
IssuanceOfCommonStockEmployeeBenefitPlan
164000
CY2023 efsi Paymentsfor Retirement Of Common Stock
PaymentsforRetirementOfCommonStock
302000
CY2022 efsi Paymentsfor Retirement Of Common Stock
PaymentsforRetirementOfCommonStock
154000
CY2023 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
4229000
CY2022 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
3808000
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
194868000
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
320348000
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
71459000
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
2826000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
66894000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
64068000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
138353000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
66894000
CY2023 us-gaap Interest Paid Net
InterestPaidNet
31332000
CY2022 us-gaap Interest Paid Net
InterestPaidNet
4563000
CY2023 us-gaap Income Taxes Paid
IncomeTaxesPaid
2068000
CY2022 us-gaap Income Taxes Paid
IncomeTaxesPaid
4368000
CY2023 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
-3095000
CY2022 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
-25685000
CY2023 efsi Minimum Postretirement Liability Adjustment
MinimumPostretirementLiabilityAdjustment
-8000
CY2022 efsi Minimum Postretirement Liability Adjustment
MinimumPostretirementLiabilityAdjustment
0
CY2023 us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
304000
CY2022 us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
108000
CY2023 us-gaap Stock Issued1
StockIssued1
0
CY2022 us-gaap Stock Issued1
StockIssued1
199000
CY2023Q4 efsi Consolidated Financial Ownership Wholly Owned Subsidiary Percentage
ConsolidatedFinancialOwnershipWhollyOwnedSubsidiaryPercentage
1
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<p style="font-size:10pt;margin-top:14pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">Use of Estimates</span></p><p style="font-size:10pt;margin-top:5pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. </span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">The material estimate that is particularly susceptible to significant change in the near term relates to the determination of the allowance for credit losses on loans.</span></p>
CY2023 efsi Sale Of Non Mortgage Loans
SaleOfNonMortgageLoans
59600000
CY2023Q4 us-gaap Interest Receivable
InterestReceivable
4600000
CY2022Q4 us-gaap Interest Receivable
InterestReceivable
3500000
CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font-size:10pt;margin-top:14pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">Risks by Loan Portfolio Segment</span></p><p style="font-size:10pt;margin-top:5pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">One-to-Four-Family Residential Real Estate Lending</span></p><p style="font-size:10pt;margin-top:5pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;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="font-size:10pt;margin-top:14pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Commercial Real Estate Lending</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;"> </span></p><p style="font-size:10pt;margin-top:5pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;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="font-size:10pt;margin-top:14pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Construction and Land Development Lending</span></p><p style="font-size:10pt;margin-top:5pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;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:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">80</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">% of the estimated appraised value of the finished home or other real estate property.</span></p><p style="font-size:10pt;margin-top:14pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Commercial and Industrial Lending</span></p><p style="font-size:10pt;margin-top:5pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;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="font-size:10pt;margin-top:14pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Consumer Lending</span></p><p style="font-size:10pt;margin-top:5pt;font-family:Times New Roman;margin-bottom:12pt;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;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="font-size:10pt;margin-top:5pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Marine Lending</span></p><p style="font-size:10pt;margin-top:5pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">The Bank’s marine loan portfolio is comprised of originated retail loans. Through August 22, 2023, the marine loan portfolio also included dealer floor plan loans, classified as commercial and industrial loans. On August 23, 2023, the Company completed the sale of certain assets of its marine finance division to an unrelated third-party. Under the sales agreements, the Company sold its interest in marine floor plan loans, while retaining ownership of its marine retail loans which continue to constitute a significant portion of the Company's assets, revenues, and earnings. The Company expects to cease accepting new marine lending business and hold the retained outstanding loans until they are ultimately repaid.</span></p><p style="font-size:10pt;margin-top:9pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">The Company’s relationships were limited to well established dealers of global premium brand manufacturers, with the top three manufacturer customers have been in business between 30 and 100 years. Retail loans were generally limited to premium manufactures with established relationships with the Company, which have a vested interest in the secondary market pricing of their respective brand due to the limited inventory available for resale. Consequently, while not contractually committed, 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>
CY2023Q4 efsi Percentage Limit Of Estimated Appraised Value Of Home
PercentageLimitOfEstimatedAppraisedValueOfHome
0.80
CY2023Q4 efsi Reserve Credit Losses For Unfunded Commitments
ReserveCreditLossesForUnfundedCommitments
479000
CY2022Q4 efsi Reserve Credit Losses For Unfunded Commitments
ReserveCreditLossesForUnfundedCommitments
65000
CY2023 efsi Initial Adjustment For The Adoption Of Credit Losses For Unfunded Commitments
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406000
CY2023 us-gaap Provision For Other Credit Losses
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8000
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250000
CY2023Q4 efsi Percentage To Represent More Likely Than Not
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0.50
CY2023 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="font-size:10pt;margin-top:14pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">Reclassifications</span></p><p style="font-size:10pt;margin-top:5pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">Certain reclassifications have been made to the 2022 financial statements to conform to reporting for 2023</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;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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3523547
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3482368
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CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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0
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150000
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35.34
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4442
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145059
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2500000
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2000000
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160251000
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1000
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22809000
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AvailableForSaleSecuritiesDebtSecurities
137443000
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175059000
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2000
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25905000
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1268000
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6114000
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5799000
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19434000
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17568000
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133435000
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112820000
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160251000
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137443000
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6000
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221000
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
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29000
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
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136221000
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22780000
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DebtSecuritiesAvailableForSaleUnrealizedLossPosition
136442000
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DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
22809000
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
46407000
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DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
5336000
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
101456000
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20569000
CY2022Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
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147863000
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25905000
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0
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1455159000
CY2022Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount
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1316340000
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CY2022Q4 us-gaap Loans And Leases Receivable Deferred Income
LoansAndLeasesReceivableDeferredIncome
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14493000
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LoansAndLeasesReceivableAllowance
11218000
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1448193000
CY2022Q4 us-gaap Loans And Leases Receivable Net Reported Amount
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11218000
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2077000
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0
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1641000
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1830000
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298000
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1260000
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741000
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659000
CY2023Q4 us-gaap Financing Receivable Allowance For Credit Losses
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CY2022Q4 us-gaap Financing Receivable Allowance For Credit Losses
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1455159000
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5645000
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1316340000
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318000
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2077000
CY2023 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
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741000
CY2023 us-gaap Financing Receivable Allowance For Credit Losses Recovery
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298000
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1641000
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14493000
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0
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14493000
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1455159000
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5574000
CY2023Q4 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
1449585000
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
8787000
CY2022 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
659000
CY2022 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
1260000
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ProvisionForLoanLeaseAndOtherLosses
1830000
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11218000
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FinancingReceivableIndividuallyEvaluatedForImpairment
100000
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11118000
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1316340000
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FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
6621000
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
1309719000
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CommercialAndIndustrialLoans
5574000
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NotesReceivableGross
1199230000
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MortgageLoansOnRealEstateWeightedAverageTerm
P1Y
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FinancingReceivableModificationsRecordedInvestment
4600000
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FinancingReceivableModificationsNonaccrualNumberofContracts
2
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FinancingReceivableModificationsNonaccrualRecordedInvestment
133000
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TroubledDebtRestructuringModificationsNumberOfContracts
13
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TroubledDebtRestructuringModificationsPreModificationRecordedInvestment
2681000
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TroubledDebtRestructuringModificationsPostModificationRecordedInvestment
2710000
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TroubledDebtRestructuringModificationsByGrantingConcessionNumberOfContracts
13
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TroubledDebtRestructuringModificationsByGrantingARefinance
1
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17512000
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AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
16574000
CY2023Q4 us-gaap Property Plant And Equipment Net
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18108000
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
18064000
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253353000
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InterestBearingDomesticDepositNegotiableOrderOfWithdrawalNOW
189144000
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InterestBearingDomesticDepositMoneyMarket
263633000
CY2022Q4 us-gaap Interest Bearing Domestic Deposit Money Market
InterestBearingDomesticDepositMoneyMarket
265290000
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InterestBearingDomesticDepositSavings
139453000
CY2022Q4 us-gaap Interest Bearing Domestic Deposit Savings
InterestBearingDomesticDepositSavings
172997000
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InterestBearingDepositLiabilitiesDomestic
656439000
CY2022Q4 us-gaap Interest Bearing Deposit Liabilities Domestic
InterestBearingDepositLiabilitiesDomestic
627431000
CY2023Q4 efsi Time Deposits Lessthan250000
TimeDepositsLessthan250000
257418000
CY2022Q4 efsi Time Deposits Lessthan250000
TimeDepositsLessthan250000
87531000
CY2023Q4 efsi Time Deposits250000or More
TimeDeposits250000orMore
155846000
CY2022Q4 efsi Time Deposits250000or More
TimeDeposits250000orMore
70363000
CY2023Q4 us-gaap Time Deposits
TimeDeposits
413264000
CY2022Q4 us-gaap Time Deposits
TimeDeposits
157894000
CY2023Q4 us-gaap Deposits Domestic
DepositsDomestic
1506322000
CY2022Q4 us-gaap Deposits Domestic
DepositsDomestic
1264075000
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ReciprocalMoneyMarketAccountsDomestic
115700000
CY2022Q4 efsi Reciprocal Money Market Accounts Domestic
ReciprocalMoneyMarketAccountsDomestic
59500000
CY2023Q4 us-gaap Interest Bearing Domestic Deposit Brokered
InterestBearingDomesticDepositBrokered
30100000
CY2022Q4 us-gaap Interest Bearing Domestic Deposit Brokered
InterestBearingDomesticDepositBrokered
4600000
CY2023Q4 us-gaap Time Deposit Maturities Year One
TimeDepositMaturitiesYearOne
402814000
CY2023Q4 us-gaap Time Deposit Maturities Year Two
TimeDepositMaturitiesYearTwo
5019000
CY2023Q4 us-gaap Time Deposit Maturities Year Three
TimeDepositMaturitiesYearThree
2450000
CY2023Q4 us-gaap Time Deposit Maturities Year Four
TimeDepositMaturitiesYearFour
1844000
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TimeDepositMaturitiesYearFive
327000
CY2023Q4 us-gaap Time Deposit Maturities After Year Five
TimeDepositMaturitiesAfterYearFive
810000
CY2023Q4 us-gaap Time Deposits
TimeDeposits
413264000
CY2023Q4 us-gaap Deposit Liabilities Reclassified As Loans Receivable1
DepositLiabilitiesReclassifiedAsLoansReceivable1
253000
CY2022Q4 us-gaap Deposit Liabilities Reclassified As Loans Receivable1
DepositLiabilitiesReclassifiedAsLoansReceivable1
218000
CY2023Q4 efsi Short Term Borrowings Consisting Of Fhlb Advances And Federal Funds Purchased Balance At Year End
ShortTermBorrowingsConsistingOfFhlbAdvancesAndFederalFundsPurchasedBalanceAtYearEnd
20000000
CY2022Q4 efsi Short Term Borrowings Consisting Of Fhlb Advances And Federal Funds Purchased Balance At Year End
ShortTermBorrowingsConsistingOfFhlbAdvancesAndFederalFundsPurchasedBalanceAtYearEnd
207980000
CY2023 efsi Short Term Borrowings Consisting Of Fhlb Advances And Federal Funds Purchased Average Balance During The Year
ShortTermBorrowingsConsistingOfFhlbAdvancesAndFederalFundsPurchasedAverageBalanceDuringTheYear
45801000
CY2022 efsi Short Term Borrowings Consisting Of Fhlb Advances And Federal Funds Purchased Average Balance During The Year
ShortTermBorrowingsConsistingOfFhlbAdvancesAndFederalFundsPurchasedAverageBalanceDuringTheYear
47470000
CY2023 efsi Short Term Borrowings Consisting Of Fhlb Advances And Federal Funds Purchased Average Interest Rate During The Year
ShortTermBorrowingsConsistingOfFhlbAdvancesAndFederalFundsPurchasedAverageInterestRateDuringTheYear
0.0468
CY2022 efsi Short Term Borrowings Consisting Of Fhlb Advances And Federal Funds Purchased Average Interest Rate During The Year
ShortTermBorrowingsConsistingOfFhlbAdvancesAndFederalFundsPurchasedAverageInterestRateDuringTheYear
0.0309
CY2023 efsi Short Term Borrowings Federal Funds Purchased Maximum Month End Balance During The Year
ShortTermBorrowingsFederalFundsPurchasedMaximumMonthEndBalanceDuringTheYear
150000000
CY2022 efsi Short Term Borrowings Federal Funds Purchased Maximum Month End Balance During The Year
ShortTermBorrowingsFederalFundsPurchasedMaximumMonthEndBalanceDuringTheYear
207980000
CY2023Q4 efsi Federal Home Loan Bank Irrevocable Letterof Credit
FederalHomeLoanBankIrrevocableLetterofCredit
115600000
CY2023Q4 us-gaap Federal Home Loan Bank Advances General Debt Obligations Disclosures Amount Of Available Unused Funds
FederalHomeLoanBankAdvancesGeneralDebtObligationsDisclosuresAmountOfAvailableUnusedFunds
169600000
CY2023Q4 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.045
CY2023 efsi Fixed Rate End Date
FixedRateEndDate
2027-04-01
CY2023Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
673000
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
30000000
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
30000000
CY2023Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
556000
CY2022Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
623000
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Provision For Loan Losses
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsProvisionForLoanLosses
3043000
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Provision For Loan Losses
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsProvisionForLoanLosses
2342000
CY2023Q4 efsi Reserve For Unfunded Commitments
ReserveForUnfundedCommitments
101000
CY2022Q4 efsi Reserve For Unfunded Commitments
ReserveForUnfundedCommitments
14000
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
327000
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
222000
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Postretirement Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsPostretirementBenefits
18000
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Postretirement Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsPostretirementBenefits
21000
CY2023Q4 efsi Deferred Tax Assets Home Equity Origination Costs
DeferredTaxAssetsHomeEquityOriginationCosts
85000
CY2022Q4 efsi Deferred Tax Assets Home Equity Origination Costs
DeferredTaxAssetsHomeEquityOriginationCosts
81000
CY2023Q4 efsi Accrued Incentive Benefit
AccruedIncentiveBenefit
89000
CY2022Q4 efsi Accrued Incentive Benefit
AccruedIncentiveBenefit
0
CY2023Q4 us-gaap Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
75000
CY2022Q4 us-gaap Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
48000
CY2023Q4 efsi Deferred Tax Assets Lease Liabilities
DeferredTaxAssetsLeaseLiabilities
977000
CY2022Q4 efsi Deferred Tax Assets Lease Liabilities
DeferredTaxAssetsLeaseLiabilities
1045000
CY2023Q4 efsi Credit Carryforward
CreditCarryforward
1689000
CY2022Q4 efsi Credit Carryforward
CreditCarryforward
648000
CY2023Q4 us-gaap Deferred Tax Assets Other Comprehensive Loss
DeferredTaxAssetsOtherComprehensiveLoss
4790000
CY2022Q4 us-gaap Deferred Tax Assets Other Comprehensive Loss
DeferredTaxAssetsOtherComprehensiveLoss
5440000
CY2023Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
25000
CY2022Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
26000
CY2023Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
11219000
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
9887000
CY2023Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
853000
CY2022Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
710000
CY2023Q4 efsi Deferred Tax Liabilities Right Of Use Assets
DeferredTaxLiabilitiesRightOfUseAssets
921000
CY2022Q4 efsi Deferred Tax Liabilities Right Of Use Assets
DeferredTaxLiabilitiesRightOfUseAssets
1001000
CY2023Q4 efsi Loan Servicing Rights
LoanServicingRights
32000
CY2022Q4 efsi Loan Servicing Rights
LoanServicingRights
144000
CY2023Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
1806000
CY2022Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
1855000
CY2023Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
9413000
CY2022Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
8032000
CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
2785000
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
3236000
CY2023 us-gaap Deferred Other Tax Expense Benefit
DeferredOtherTaxExpenseBenefit
-1509000
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
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
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
17402
CY2023 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
33.26
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
2405
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
35.4
CY2022 us-gaap Deferred Other Tax Expense Benefit
DeferredOtherTaxExpenseBenefit
-86000
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1276000
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3150000
CY2023 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
2232000
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
3711000
CY2023 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
76000
CY2022 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
81000
CY2023 efsi Effective Income Tax Rate Reconciliation Tax Exempt Income Life Insurance Amount
EffectiveIncomeTaxRateReconciliationTaxExemptIncomeLifeInsuranceAmount
134000
CY2022 efsi Effective Income Tax Rate Reconciliation Tax Exempt Income Life Insurance Amount
EffectiveIncomeTaxRateReconciliationTaxExemptIncomeLifeInsuranceAmount
131000
CY2023 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
756000
CY2022 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
353000
CY2023 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
10000
CY2022 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
4000
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1276000
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3150000
CY2023 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.12
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.1783
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
250000
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
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
30.7
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
37941
CY2023 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
35.79
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 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
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
56914
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
35.06
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
CY2023 us-gaap Deferred Compensation Arrangement With Individual Allocated Share Based Compensation Expense
DeferredCompensationArrangementWithIndividualAllocatedShareBasedCompensationExpense
1200000
CY2022 us-gaap Deferred Compensation Arrangement With Individual Allocated Share Based Compensation Expense
DeferredCompensationArrangementWithIndividualAllocatedShareBasedCompensationExpense
1000000
CY2023 efsi Deferred Compensation Arrangement Grant Date Fair Value Of Vested Restricted Stock
DeferredCompensationArrangementGrantDateFairValueOfVestedRestrictedStock
579000
CY2022 efsi Deferred Compensation Arrangement Grant Date Fair Value Of Vested Restricted Stock
DeferredCompensationArrangementGrantDateFairValueOfVestedRestrictedStock
741000
CY2023 efsi Deferred Compensation Arrangement Vest Date Fair Value Of Vested Restricted Stock
DeferredCompensationArrangementVestDateFairValueOfVestedRestrictedStock
609000
CY2022 efsi Deferred Compensation Arrangement Vest Date Fair Value Of Vested Restricted Stock
DeferredCompensationArrangementVestDateFairValueOfVestedRestrictedStock
819000
CY2023 efsi Deferred Compensation Arrangements Unrecognized Compensation Cost Related To Unvested Restricted Stock
DeferredCompensationArrangementsUnrecognizedCompensationCostRelatedToUnvestedRestrictedStock
456000
CY2023 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y
CY2023 us-gaap Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
0.50
CY2023 us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent
0.06
CY2023Q4 efsi Non Elective Safe Harbor Employer Contribution And Age Weighted Employer Contribution Percent
NonElectiveSafeHarborEmployerContributionAndAgeWeightedEmployerContributionPercent
0.03
CY2023 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
2200000
CY2022 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
1900000
CY2023 efsi Maximum Age Benefits Can Be Reduced Or Forfeited Due To Employment Termination
MaximumAgeBenefitsCanBeReducedOrForfeitedDueToEmploymentTermination
P65Y
CY2023Q4 efsi Executive Supplemental Income Benefit Liability
ExecutiveSupplementalIncomeBenefitLiability
4000
CY2022Q4 efsi Executive Supplemental Income Benefit Liability
ExecutiveSupplementalIncomeBenefitLiability
8000
CY2023 efsi Executive Supplemental Income Benefit Expense
ExecutiveSupplementalIncomeBenefitExpense
29000
CY2022 efsi Executive Supplemental Income Benefit Expense
ExecutiveSupplementalIncomeBenefitExpense
29000
CY2023Q4 us-gaap Compensating Balance Amount
CompensatingBalanceAmount
250000
CY2022Q4 us-gaap Compensating Balance Amount
CompensatingBalanceAmount
250000
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
4653000
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
4978000
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
4387000
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
4766000
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P14Y
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P14Y
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0309
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0304
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
528000
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
528000
CY2023 us-gaap Variable Lease Cost
VariableLeaseCost
0
CY2022 us-gaap Variable Lease Cost
VariableLeaseCost
0
CY2023 us-gaap Short Term Lease Cost
ShortTermLeaseCost
14000
CY2022 us-gaap Short Term Lease Cost
ShortTermLeaseCost
15000
CY2023 us-gaap Lease Cost
LeaseCost
542000
CY2022 us-gaap Lease Cost
LeaseCost
543000
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
473000
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
466000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
480000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
504000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
397000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
391000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
395000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
3754000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
5921000
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1268000
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
4653000
CY2023Q4 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 Banking Regulation Tier One Leverage Capital Ratio Undercapitalized Minimum
BankingRegulationTierOneLeverageCapitalRatioUndercapitalizedMinimum
0.09
CY2023 us-gaap Banking Regulation Maximum Leverage Payout Ratio
BankingRegulationMaximumLeveragePayoutRatio
0.0848
CY2023Q4 us-gaap Common Equity Tier One Capital
CommonEquityTierOneCapital
155453000
CY2023Q4 efsi Common Equity Tier One Capitalto Risk Weighted Assets
CommonEquityTierOneCapitaltoRiskWeightedAssets
0.1027
CY2023Q4 us-gaap Common Equity Tier One Capital Required For Capital Adequacy
CommonEquityTierOneCapitalRequiredForCapitalAdequacy
68121000
CY2023Q4 efsi Common Equity Tier One Capital For Capital Adequacy To Risk Weighted Assets
CommonEquityTierOneCapitalForCapitalAdequacyToRiskWeightedAssets
0.045
CY2023Q4 us-gaap Common Equity Tier One Capital Required To Be Well Capitalized
CommonEquityTierOneCapitalRequiredToBeWellCapitalized
98397000
CY2023Q4 efsi Common Equity Tier One Capital Required To Be Well Capitalized To Risk Weighted Assets
CommonEquityTierOneCapitalRequiredToBeWellCapitalizedToRiskWeightedAssets
0.065
CY2023Q4 us-gaap Capital
Capital
168925000
CY2023Q4 efsi Capital To Risk Weighted Assets1
CapitalToRiskWeightedAssets1
0.1116
CY2023Q4 us-gaap Capital Required For Capital Adequacy
CapitalRequiredForCapitalAdequacy
121104000
CY2023Q4 efsi Capital Required For Capital Adequacy To Risk Weighted Assets1
CapitalRequiredForCapitalAdequacyToRiskWeightedAssets1
0.08
CY2023Q4 us-gaap Capital Required To Be Well Capitalized
CapitalRequiredToBeWellCapitalized
151380000
CY2023Q4 efsi Capital Required To Be Well Capitalized To Risk Weighted Assets1
CapitalRequiredToBeWellCapitalizedToRiskWeightedAssets1
0.10
CY2023Q4 us-gaap Tier One Risk Based Capital
TierOneRiskBasedCapital
155453000
CY2023Q4 efsi Tier One Risk Based Capital To Risk Weighted Assets1
TierOneRiskBasedCapitalToRiskWeightedAssets1
0.1027
CY2023Q4 us-gaap Tier One Risk Based Capital Required For Capital Adequacy
TierOneRiskBasedCapitalRequiredForCapitalAdequacy
90828000
CY2023Q4 efsi Tier One Risk Based Capital Required For Capital Adequacy To Risk Weighted Assets1
TierOneRiskBasedCapitalRequiredForCapitalAdequacyToRiskWeightedAssets1
0.06
CY2023Q4 us-gaap Tier One Risk Based Capital Required To Be Well Capitalized
TierOneRiskBasedCapitalRequiredToBeWellCapitalized
121104000
CY2023Q4 efsi Tier One Risk Based Capital Required To Be Well Capitalized To Risk Weighted Assets1
TierOneRiskBasedCapitalRequiredToBeWellCapitalizedToRiskWeightedAssets1
0.08
CY2023Q4 us-gaap Tier One Leverage Capital
TierOneLeverageCapital
155453000
CY2023Q4 efsi Tier One Leverage Capital To Average Assets1
TierOneLeverageCapitalToAverageAssets1
0.0848
CY2023Q4 us-gaap Tier One Leverage Capital Required For Capital Adequacy
TierOneLeverageCapitalRequiredForCapitalAdequacy
73367000
CY2023Q4 efsi Tier One Leverage Capital Required For Capital Adequacy To Average Assets1
TierOneLeverageCapitalRequiredForCapitalAdequacyToAverageAssets1
0.04
CY2023Q4 us-gaap Tier One Leverage Capital Required To Be Well Capitalized
TierOneLeverageCapitalRequiredToBeWellCapitalized
91709000
CY2023Q4 efsi Tier One Leverage Capital Required To Be Well Capitalized To Average Assets1
TierOneLeverageCapitalRequiredToBeWellCapitalizedToAverageAssets1
0.05
CY2022Q4 us-gaap Tier One Leverage Capital
TierOneLeverageCapital
142530000
CY2022Q4 efsi Tier One Leverage Capital To Average Assets1
TierOneLeverageCapitalToAverageAssets1
0.0915
CY2022Q4 us-gaap Tier One Leverage Capital Required To Be Well Capitalized
TierOneLeverageCapitalRequiredToBeWellCapitalized
140210000
CY2022Q4 efsi Tier One Leverage Capital Required To Be Well Capitalized To Average Assets1
TierOneLeverageCapitalRequiredToBeWellCapitalizedToAverageAssets1
0.09
CY2023Q4 efsi Capital Conservation Bufferd Rate
CapitalConservationBufferdRate
0.025
CY2023Q4 us-gaap Statutory Accounting Practices Statutory Amount Available For Dividend Payments
StatutoryAccountingPracticesStatutoryAmountAvailableForDividendPayments
32300000
CY2023Q4 efsi Restricted Equity In Net Assets Of Bank
RestrictedEquityInNetAssetsOfBank
103900000
CY2023 efsi Funds Available For Loans Or Advances
FundsAvailableForLoansOrAdvances
16900000
CY2023 efsi Initial Adjustment For The Adoption Of Credit Losses For Unfunded Commitments
InitialAdjustmentForTheAdoptionOfCreditLossesForUnfundedCommitments
406000
CY2023Q4 efsi Reserve Credit Losses For Unfunded Commitments
ReserveCreditLossesForUnfundedCommitments
479000
CY2023Q4 us-gaap Noninterest Income
NoninterestIncome
3653000
CY2023 efsi Financial Instruments Commitments To Extend Credit
FinancialInstrumentsCommitmentsToExtendCredit
37724000
CY2022 efsi Financial Instruments Commitments To Extend Credit
FinancialInstrumentsCommitmentsToExtendCredit
27927000
CY2023 efsi Financial Instruments Unfunded Commitments Under Lines Of Credit
FinancialInstrumentsUnfundedCommitmentsUnderLinesOfCredit
227717000
CY2022 efsi Financial Instruments Unfunded Commitments Under Lines Of Credit
FinancialInstrumentsUnfundedCommitmentsUnderLinesOfCredit
191259000
CY2023 efsi Financial Instruments Commercial And Standby Letters Of Credit
FinancialInstrumentsCommercialAndStandbyLettersOfCredit
3964000
CY2022 efsi Financial Instruments Commercial And Standby Letters Of Credit
FinancialInstrumentsCommercialAndStandbyLettersOfCredit
7069000
CY2023Q4 efsi Collateralized Letters Of Credit Outstanding
CollateralizedLettersOfCreditOutstanding
3800000
CY2023 efsi Excess Of Insurance Limits Held In Cash Accounts In Other Commercial Banks
ExcessOfInsuranceLimitsHeldInCashAccountsInOtherCommercialBanks
9000000
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
0
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3000
CY2023 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
14000
CY2022 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-11000
CY2023 us-gaap Gain Loss On Disposition Of Other Financial Assets
GainLossOnDispositionOfOtherFinancialAssets
435000
CY2022 us-gaap Gain Loss On Disposition Of Other Financial Assets
GainLossOnDispositionOfOtherFinancialAssets
0
CY2023 us-gaap Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
0
CY2022 us-gaap Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
-737000
CY2023 efsi Gain On Sale Of Loans Held For Sale
GainOnSaleOfLoansHeldForSale
1428000
CY2022 efsi Gain On Sale Of Loans Held For Sale
GainOnSaleOfLoansHeldForSale
1875000
CY2023 efsi Bank Owned Life Insurance Income Expense
BankOwnedLifeInsuranceIncomeExpense
713000
CY2022 efsi Bank Owned Life Insurance Income Expense
BankOwnedLifeInsuranceIncomeExpense
626000
CY2023 us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
1006000
CY2022 us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
1882000
CY2023 us-gaap Noninterest Income
NoninterestIncome
14745000
CY2022 us-gaap Noninterest Income
NoninterestIncome
13345000
CY2023Q1 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
18558000
CY2023Q2 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
20364000
CY2023Q3 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
22191000
CY2023Q4 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
22015000
CY2023Q1 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
11980000
CY2023Q2 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
12039000
CY2023Q3 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
12700000
CY2023Q4 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
11923000
CY2023Q1 us-gaap Noninterest Income
NoninterestIncome
3526000
CY2023Q2 us-gaap Noninterest Income
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