Company: ASRV
Filing Date: 2025-03-19
Form Type: 10-K
Source: 0001558370-25-003291
Chunk: 44

Company: AMERISERV FINANCIAL INC /PA/
Filing Date: 2025-03-19
Form: 10-K
Item: Item 8C
Chunk 44
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ITEM 8.   CONSOLIDATED FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

AMERISERV FINANCIAL, INC.

CONSOLIDATED BALANCE SHEETS

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​​​​​​​​​AT DECEMBER 31, ​    2024    2023​​(IN THOUSANDS,​​EXCEPT SHARE DATA)ASSETS ​   ​  Cash and due from depository institutions​$ 13,891​$ 9,678Interest bearing deposits and short-term investments​  3,855​  4,349Cash and cash equivalents​  17,746​  14,027Investment securities, net of allowance for credit losses:​   ​   Available for sale, at fair value (allowance for credit losses $360 on December 31, 2024 and $926 on December 31, 2023)​  155,620​  165,711Held to maturity (fair value $58,471 on December 31, 2024 and $58,621 on December 31, 2023; allowance for credit losses $89 on December 31, 2024 and $37 on December 31, 2023)​  63,837​  63,979Loans held for sale​  460​  130Loans (net of unearned income $517 on December 31, 2024 and $483 on December 31, 2023)​  1,067,949​  1,038,271Less: Allowance for credit losses​  13,912​  15,053Net loans​  1,054,037​  1,023,218Premises and equipment: ​ ​​ ​Operating lease right-of-use asset​​ 1,550​​ 646Financing lease right-of-use asset​​ 2,331​​ 2,384Other premises and equipment, net​​ 14,228​​ 14,149Accrued interest income receivable​  5,486​  5,529Intangible assets:​ ​​ ​Goodwill​  13,611​  13,611Core deposit intangible​  77​  101Bank owned life insurance​  39,923​  39,560Net deferred tax asset​  1,412​