Eagle Financial Services, Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2017. For the quarter, the company reported total interest and dividend income of $7,323,000 against $6,442,000 a year ago. Net interest income was $6,971,000 against $6,222,000 a year ago. Income before income taxes was $2,906,000 against $2,578,000 a year ago. Net income was $1,709,000 against $1,806,000 a year ago. Basic and diluted net income per common share was $0.49 against $0.52 a year ago. This decrease in net income resulted mostly from the increase in income tax expense. The increases in net interest income resulted from the increases in the Company's securities and loan portfolios. Return on average total assets was 0.91% against 1.07% a year ago. Return on average total equity was 8.11% against 9.00% a year ago.

For the year, the company reported total interest and dividend income of $28,531,000 against $25,785,000 a year ago. Net interest income was $27,196,000 against $24,718,000 a year ago. Income before income taxes was $11,411,000 against $8,923,000 a year ago. Net income was $7,786,000 against $6,370,000 a year ago. Basic and diluted net income per common share was $2.24 against $1.81 a year ago. This increase in net income resulted mostly from the $1.8 million increase in interest and fees on loans.

For the fourth quarter 2017, the company reported net charge-offs of $98,000 against $11,000 a year ago.