The bank has improved its capital buffer, with the equity-to-assets ratio rising to 0.10 in 2026Q1 from 0.06 throughout 2024, providing a stronger cushion against potential credit losses.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 |
|---|
| Cash & Short Term Investments | 677.2M | 137.27M | 176.72M | 249.51M | 216.05M | 256.16M | 244.65M | 199.61M | 162.65M | 165.24M | 154.39M | 129.04M | 128.73M | 116.84M | 151.44M | 136.07M | 13.97M | 7.35M | 7.29M | 13.57M | 11.08M | 10.04M | 10.43M | 11.34M | 14.34M |
| Cash & Due from Banks | 14.5M | 13.94M | 175.72M | 112.07M | 66.53M | 63.84M | 79.7M | 33.41M | 18.35M | 32.67M | 35.13M | 23.22M | 34.56M | 14.24M | 48.69M | 21.94M | 13.97M | 7.35M | 7.29M | 13.57M | 11.08M | 10.04M | 10.43M | 11.34M | 14.34M |
| Short Term Investments | 0 | 123.33M | 994K | 137.44M | 149.16M | 192.32M | 164.96M | 166.2M | 145.47M | 133.67M | 119.26M | 105.82M | 94.17M | 102.6M | 102.75M | 114.13M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Investments | 1.74B | 1.58B | 1.58B | 1.59B | 1.46B | 1.17B | 994.19M | 804.79M | 745.67M | 696.97M | 631.7M | 596.44M | 558.9M | 541.38M | 514.27M | 515.82M | 511.13M | 494.91M | 484.48M | 470.71M | 474.36M | 434.89M | 382.07M | 321.55M | 263.94M |
| Investments Growth % | 4.13% | 0.32% | -0.71% | 8.58% | 24.93% | 17.7% | 23.53% | 7.93% | 6.99% | 10.33% | 5.91% | 6.72% | 3.24% | 5.27% | -0.3% | 0.92% | 3.28% | 2.15% | 2.93% | -0.77% | 9.08% | 13.82% | 18.82% | 21.83% | - |
| Long-Term Investments | 6.07B | 1.46B | 1.58B | 1.45B | 1.31B | 977.81M | 829.24M | 639.79M | 601.37M | 564.41M | 512.44M | 490.61M | 464.74M | 438.79M | 411.52M | 401.68M | 511.13M | 494.91M | 484.48M | 470.71M | 474.36M | 434.89M | 382.07M | 321.55M | 263.94M |
| Accounts Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill & Intangibles | 0 | 0 | 0 | 153K | 684K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 153K | 684K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PP&E (Net) | 14.91M | 14.91M | 14.34M | 18.11M | 18.06M | 18.25M | 18.73M | 19.3M | 19.08M | 19.58M | 20.17M | 20.96M | 19.02M | 17.21M | 16.55M | 15.2M | 15.71M | 14.78M | 15.38M | 16.51M | 15.43M | 15.15M | 13.77M | 13.44M | 7.65M |
| Other Assets | 69.69M | 278.69M | 100.14M | 107.97M | 69.2M | 50.82M | 37.54M | 19.83M | 16.51M | 16.53M | 13.16M | 12.65M | 17.67M | 13.6M | 13.77M | 15.07M | 18.03M | 18.35M | 20.99M | 6.77M | 12.13M | 6.89M | 7.54M | 5.9M | 6.64M |
| Total Current Assets | 14.5M | 137.27M | 176.72M | 249.51M | 216.05M | 256.16M | 244.65M | 199.61M | 162.65M | 165.24M | 154.54M | 129.04M | 128.73M | 116.84M | 151.44M | 136.07M | 13.97M | 7.35M | 7.29M | 13.57M | 11.08M | 10.04M | 10.43M | 11.34M | 14.34M |
| Total Non-Current Assets | 1.82B | 1.75B | 1.69B | 1.58B | 1.4B | 1.05B | 885.5M | 678.91M | 636.97M | 597.34M | 545.61M | 524.23M | 498.1M | 469.6M | 441.83M | 431.95M | 544.87M | 528.03M | 520.86M | 493.98M | 501.92M | 456.93M | 403.38M | 340.89M | 278.23M |
| Total Assets | 1.84B | 1.89B | 1.87B | 1.83B | 1.62B | 1.3B | 1.13B | 877.32M | 799.62M | 765.75M | 700.15M | 651.65M | 626.83M | 584.38M | 593.28M | 568.02M | 558.84M | 535.38M | 528.14M | 507.55M | 513M | 466.97M | 413.81M | 352.01M | 292.57M |
| Asset Growth % | 14.09% | 1.2% | 2.22% | 12.92% | 24.07% | 15.3% | 28.82% | 9.72% | 4.42% | 9.37% | 7.44% | 3.96% | 7.26% | -1.5% | 4.45% | 1.64% | 4.38% | 1.37% | 4.06% | -1.06% | 9.86% | 12.85% | 17.56% | 20.32% | - |
| Return on Assets (ROA) | 0.98% | 0.44% | 0.83% | 0.54% | 0.99% | 0.91% | 1.11% | 1.16% | 1.15% | 1.06% | 0.94% | 1.08% | 1.18% | 1.22% | 1.13% | 0.77% | 0.66% | 0.65% | 0.78% | 1.03% | 1.2% | 1.27% | 1.2% | 1.25% | 1.21% |
| Accounts Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Debt | 39.29M | 69.58M | 149.51M | 194.44M | 237.36M | 0 | 4.11M | 3.68M | 1.87M | 0 | 0 | 20M | 47.22M | 29.47M | 49.47M | 59.47M | 66.64M | 76.27M | 84.69M | 80.2M | 72.58M | 56.18M | 42.05M | 47.2M | 22.91M |
| Net Debt | 24.79M | 55.64M | -26.21M | 82.38M | 170.83M | -63.84M | -75.58M | -29.73M | -16.48M | -32.67M | -35.13M | -3.22M | 12.65M | 15.22M | 777K | 37.53M | 52.67M | 68.91M | 77.41M | 66.63M | 61.5M | 46.14M | 31.62M | 35.86M | 8.57M |
| Long-Term Debt | 29.6M | 69.58M | 124.51M | 174.44M | 204.38M | 0 | 0 | 0 | 0 | 0 | 0 | 20M | 47.22M | 29.47M | 39.47M | 49.47M | 52.25M | 62.25M | 70M | 67.22M | 67.22M | 7.22M | 7.22M | 7.22M | 0 |
| Short-Term Debt | 765K | 0 | 25M | 20M | 32.98M | 0 | 0 | 0 | 1.87M | 0 | 0 | 0 | 0 | 0 | 10M | 10M | 14.39M | 14.02M | 14.69M | 12.98M | 5.37M | 48.96M | 34.83M | 39.98M | 22.91M |
| Other Liabilities | 1.61B | 22.85M | 22.56M | 16.45M | 13.56M | 15.52M | 7.87M | 5.77M | 7.04M | 18.52M | 16.86M | 4.33M | 5.99M | 2.98M | 3M | 2M | 9.07M | 9.37M | 10.09M | 2.59M | 2.03M | 1.65M | 1.46M | 1.13M | 8.66M |
| Total Current Liabilities | 765K | 1.61B | 1.6B | 1.53B | 1.3B | 1.18B | 1.01B | 771.54M | 704.98M | 663.41M | 603.88M | 550.72M | 503.82M | 487.59M | 487.1M | 458.46M | 443.69M | 412.12M | 401.22M | 392.57M | 402.82M | 422.11M | 373.16M | 315.51M | 259.5M |
| Total Non-Current Liabilities | 1.65B | 92.43M | 147.07M | 190.9M | 217.93M | 15.52M | 11.98M | 9.45M | 7.04M | 18.52M | 16.86M | 24.33M | 53.21M | 32.45M | 42.47M | 51.47M | 61.32M | 71.62M | 80.09M | 69.81M | 69.24M | 8.87M | 8.68M | 8.35M | 8.66M |
| Total Liabilities | 1.65B | 1.7B | 1.75B | 1.72B | 1.51B | 1.19B | 1.03B | 780.99M | 712.02M | 681.93M | 620.73M | 573.43M | 553.7M | 517.97M | 529.57M | 509.93M | 505.01M | 483.74M | 481.31M | 462.37M | 472.06M | 430.98M | 381.84M | 323.64M | 268.17M |
| Total Equity | 190.33M | 188.84M | 118.99M | 108.38M | 101.73M | 110.28M | 105.07M | 96.33M | 87.6M | 83.82M | 79.42M | 78.22M | 73.13M | 66.41M | 63.71M | 58.09M | 53.83M | 51.64M | 46.83M | 45.18M | 40.94M | 35.99M | 31.97M | 28.37M | 24.4M |
| Equity Growth % | 185.71% | 58.71% | 9.79% | 6.54% | -7.75% | 4.95% | 9.08% | 9.96% | 4.51% | 5.54% | 1.53% | 6.96% | 10.13% | 4.24% | 9.67% | 7.92% | 4.23% | 10.28% | 3.65% | 10.36% | 13.73% | 12.59% | 12.7% | 16.25% | - |
| Equity / Assets (Capital Ratio) | 10.35% | 10% | 6.38% | 5.94% | 6.29% | 8.46% | 9.3% | 10.98% | 10.96% | 10.95% | 11.34% | 12% | 11.67% | 11.36% | 10.74% | 10.23% | 9.63% | 9.65% | 8.87% | 8.9% | 7.98% | 7.71% | 7.73% | 8.06% | 8.34% |
| Return on Equity (ROE) | 10.17% | 5.34% | 13.5% | 8.91% | 13.7% | 10.24% | 11.09% | 10.61% | 10.5% | 9.54% | 8.08% | 9.11% | 10.23% | 11% | 10.76% | 7.72% | 6.84% | 6.99% | 8.81% | 12.22% | 15.23% | 16.51% | 15.28% | 15.3% | 14.52% |
| Book Value per Share | 35.11 | 35.17 | 33.48 | 30.76 | 29.21 | 32.06 | 30.75 | 28.01 | 25.30 | 24.11 | 22.57 | 22.34 | 21.20 | 19.48 | 19.06 | 17.60 | 16.56 | 16.22 | 14.90 | 14.51 | 13.26 | 5.91 | 5.31 | 4.77 | 4.15 |
| Tangible BV per Share | 35.11 | 35.17 | 33.48 | 30.72 | 29.02 | 32.06 | 30.75 | 28.01 | 25.30 | 24.11 | 22.57 | 22.34 | 21.20 | 19.48 | 19.06 | 17.60 | 16.56 | 16.22 | 14.90 | 14.51 | 13.26 | 5.91 | 5.31 | 4.77 | 4.15 |
| Common Stock | 13.31M | 13.26M | 8.71M | 8.66M | 8.63M | 8.56M | 8.46M | 8.53M | 8.57M | 8.59M | 8.63M | 8.76M | 8.62M | 8.48M | 8.34M | 8.22M | 8.12M | 8M | 7.89M | 7.8M | 7.71M | 7.64M | 3.78M | 3.74M | 3.7M |
| Additional Paid-in Capital | 64.8M | 64.72M | 14.9M | 14.28M | 13.27M | 12.12M | 10.81M | 11.41M | 11.99M | 12.07M | 12.64M | 13.73M | 12.62M | 11.54M | 10.42M | 9.57M | 9.08M | 8.5M | 7.8M | 7.15M | 6.3M | 5.37M | 4.57M | 4.01M | 3.55M |
| Retained Earnings | 118.18M | 116.11M | 114.01M | 103.44M | 100.28M | 89.76M | 82.52M | 74.91M | 68.59M | 62.9M | 58.16M | 54.68M | 50.58M | 46.08M | 41.49M | 37.37M | 35.42M | 34.05M | 32.78M | 30.83M | 27.56M | 23.55M | 23.28M | 19.93M | 17.01M |
| Accumulated OCI | -5.96M | -5.26M | -18.64M | -18.01M | -20.45M | -155K | 3.28M | 1.48M | -1.55M | 310K | -24K | 1.05M | 1.31M | 305K | 3.45M | 2.93M | 1.21M | 1.09M | -1.63M | -605K | -637K | -570K | 336.8K | 681.35K | 147.02K |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
CRE Concentration and NIM
According to the quarterly financial data, EFSI's total assets have remained largely range-bound between $1.8B and $2.0B over the last ten quarters, suggesting that the bank is currently prioritizing balance sheet preservation over aggressive expansion in its core Shenandoah Valley and Northern Virginia markets.
The lack of meaningful asset growth indicates that the bank may be struggling to find high-quality lending opportunities that meet its risk-adjusted return hurdles. Investors should monitor whether this stagnation reflects a deliberate defensive posture or an inability to compete effectively for loan volume against larger regional peers.
As reported in financial statements, EFSI maintains a robust equity-to-assets ratio of 0.10 as of 2026Q1, which represents a notable improvement from the 0.06 level observed throughout 2024, suggesting a strengthening capital buffer that provides management with increased flexibility to absorb potential credit losses.
This elevated capital position appears to be a strategic choice to mitigate risks associated with the bank's concentrated real estate portfolio. While this conservative stance may dampen return on equity in the near term, it provides a necessary cushion against the volatility inherent in the Northern Virginia construction market.
Based on EFSI's reported figures, the investment securities portfolio remains the primary component of the balance sheet at $1.7B in 2026Q1, significantly outweighing the bank's cash and cash equivalents, which highlights a heavy reliance on fixed-income holdings to generate interest income in the current environment.
The concentration in securities suggests that the bank's liquidity profile is highly sensitive to interest rate fluctuations and the potential for unrealized losses in the AOCI. This structure warrants further investigation into the duration of these holdings and the potential impact on tangible book value if rates remain elevated.
As indicated by the bank's balance sheet composition, the overwhelming weight of investment securities relative to total assets may mask underlying duration mismatches, potentially leaving the bank vulnerable to further net interest margin compression if funding costs continue to rise faster than asset yields.
The bank's reliance on a large securities portfolio rather than a diversified loan book may limit its ability to reprice assets quickly in a changing rate environment. This structural imbalance suggests that the bank's profitability is more exposed to market-wide interest rate trends than to its own localized relationship-based lending success.
Quick answers to the most common questions about buying EFSI stock.
As of 2025, Eagle Financial Services, Inc. (EFSI) had total assets of $1.89B including $137.3M in current assets.
Eagle Financial Services, Inc. (EFSI) carries total debt of $69.6M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Eagle Financial Services, Inc. (EFSI) has total shareholders' equity (book value) of $188.8M ($35.17 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Eagle Financial Services, Inc. (EFSI) reported a current ratio of 0.09x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.