BERRYVILLE, Va., Jan. 19 /PRNewswire-FirstCall/ -- Eagle Financial Services, Inc. (OTC:EFSI) (BULLETIN BOARD: EFSI) , the holding company for Bank of Clarke County, whose divisions include Bank of Clarke County Trust Department and Eagle Investment Services, announces financial results for 2006 and a quarterly dividend. The Company's common stock is listed for trading on the Over-the-Counter (OTC) Bulletin Board under the ticker symbol EFSI. The Company's net income for the year ended December 31, 2006 was $5.9 million. This represents a $0.3 million or 5% increase over net income of $5.6 million during 2005. Diluted earnings per share were $1.90 and $1.84 for 2006 and 2005, respectively, which represents an increase of $0.06 or 3%. Net interest income was $17.5 million during 2006 as compared to $16.9 million during 2005, which represents an increase of $0.6 million or 4%. Noninterest income was $5.4 million and $5.2 million for 2006 and 2005, respectively, which represents an increase of $0.2 million or 4%. Noninterest expenses were $14.3 million and $13.4 million for 2006 and 2005, respectively, which represents an increase of $0.9 million or 7%. Total assets of the Company at December 31, 2006 were $513.0 million, which represents an increase of $46.0 million or 10% from total assets of $467.0 million at December 31, 2005. Total loans grew $30.2 million or 9% from $355.8 million at December 31, 2005 to $386.0 million at December 31, 2006. Total deposits grew $24.3 million or 7% from $373.1 million at December 31, 2005 to $397.4 million at December 31, 2006. A dividend of $0.16 per share will be paid on February 15, 2007 to shareholders of record as of February 1, 2007. This represents an increase of $0.02 or 14% over the February 15, 2006 dividend of $0.14 per share. The Company's total dividend was $0.60 per share for 2006 as compared to $0.50 per share for 2005. This press release may contain "forward-looking statements," as defined by federal securities laws, which may involve significant risks and uncertainties. The statements are based on estimates and assumptions made by the Company in conjunction with other factors it believes are appropriate in the circumstances. Actual results could differ materially from those contained in or implied by such statements. Consequently, all forward-looking statements made herein are qualified by the risk factors and other cautionary language in the Company's Annual Report on Form 10-K for the year ended December 31, 2005 and other documents filed with and furnished to the Securities and Exchange Commission. DATASOURCE: Eagle Financial Services, Inc. CONTACT: Jim McCarty, Vice President and Chief Financial Officer of Eagle Financial Services, Inc., +1-540-955-2510,

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