Company: ASRV
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0001558370-25-007547
Chunk: 1

Company: AMERISERV FINANCIAL INC /PA/
Filing Date: 2025-05-13
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)

​

​​​​​​​​​March 31, 2025​December 31, 2024ASSETS ​   ​  Cash and due from depository institutions​$ 19,765​$ 13,891Interest bearing deposits and short-term investments​  3,865​  3,855Cash and cash equivalents​  23,630​  17,746Investment securities, net of allowance for credit losses:​   ​   Available for sale, at fair value (allowance for credit losses $1,000 on March 31, 2025 and $360 on December 31, 2024)​  164,195​  155,620Held to maturity (fair value $62,656 on March 31, 2025 and $58,471 on December 31, 2024; allowance for credit losses $96 on March 31, 2025 and $89 on December 31, 2024)​  67,259​  63,837Loans held for sale​  —​  460Loans (net of unearned income $513 on March 31, 2025 and $517 on December 31, 2024)​  1,062,326​  1,067,949Less: Allowance for credit losses​  13,812​  13,912Net loans​  1,048,514​  1,054,037Premises and equipment: ​ ​​ ​Operating lease right-of-use asset​​ 1,504​​ 1,550Financing lease right-of-use asset​​ 2,275​​ 2,331Other premises and equipment, net​​ 13,995​​ 14,228Accrued interest income receivable​  5,817​  5,486Intangible assets:​ ​​ ​Goodwill​  13,611​  13,611Core deposit intangible​  71​  77Bank owned life insurance​  39,729​  39,923Net deferred tax asset​  688​  1,412Federal Home Loan Bank stock​  4,507​  4