Company: ASRV
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001558370-25-011060
Chunk: 1

Company: AMERISERV FINANCIAL INC /PA/
Filing Date: 2025-08-11
Form: 10-Q
Item: Item 1F
Chunk 1
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Item 1. Financial Statements

AmeriServ Financial, Inc.

CONSOLIDATED BALANCE SHEETS

(In thousands, except share and per share data)

(Unaudited)

​

​​​​​​​​​June 30, 2025​December 31, 2024ASSETS ​   ​  Cash and due from depository institutions​$ 20,228​$ 13,891Interest bearing deposits and short-term investments​  4,805​  3,855Cash and cash equivalents​  25,033​  17,746Investment securities, net of allowance for credit losses:​   ​   Available for sale, at fair value (allowance for credit losses $1,000 on June 30, 2025 and $360 on December 31, 2024)​  169,765​  155,620Held to maturity (fair value $63,280 on June 30, 2025 and $58,471 on December 31, 2024; allowance for credit losses $85 on June 30, 2025 and $89 on December 31, 2024)​  67,555​  63,837Trading securities​​ 4,205​​ —Loans held for sale​  160​  460Loans (net of unearned income $462 on June 30, 2025 and $517 on December 31, 2024)​  1,069,060​  1,067,949Less: Allowance for credit losses​  14,060​  13,912Net loans​  1,055,000​  1,054,037Premises and equipment: ​ ​​ ​Operating lease right-of-use asset​​ 1,489​​ 1,550Financing lease right-of-use asset​​ 2,219​​ 2,331Other premises and equipment, net​​ 13,775​​ 14,228Accrued interest income receivable​  5,738​  5,486Intangible assets:​ ​​ ​Goodwill​  13,611​  13,611Core deposit intangible​  66​  77Bank owned life insurance​  40,301​  39,923Net deferred tax asset​  370​  1,412Federal Home Loan Bank stock