Company: ASRV
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001104659-25-111219
Chunk: 1

Company: AMERISERV FINANCIAL INC /PA/
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 1F
Chunk 1
---
Item 1. Financial Statements

AmeriServ Financial, Inc.

CONSOLIDATED BALANCE SHEETS

(In thousands, except share and per share data)

(Unaudited)

​

​​​​​​​​​September 30, 2025​December 31, 2024ASSETS ​   ​  Cash and due from depository institutions​$ 14,666​$ 13,891Interest bearing deposits and short-term investments​  39,098​  3,855Cash and cash equivalents​  53,764​  17,746Investment securities, net of allowance for credit losses:​   ​   Available for sale, at fair value (allowance for credit losses $360 on December 31, 2024)​  169,561​  155,620Held to maturity (fair value $63,492 on September 30, 2025 and $58,471 on December 31, 2024; allowance for credit losses $94 on September 30, 2025 and $89 on December 31, 2024)​  67,179​  63,837Trading securities​​ 4,462​​ —Loans held for sale​  —​  460Loans (net of unearned income $532 on September 30, 2025 and $517 on December 31, 2024)​  1,055,683​  1,067,949Less: Allowance for credit losses​  14,408​  13,912Net loans​  1,041,275​  1,054,037Premises and equipment: ​ ​​ ​Operating lease right-of-use asset​​ 1,442​​ 1,550Financing lease right-of-use asset​​ 2,163​​ 2,331Other premises and equipment, net​​ 13,884​​ 14,228Accrued interest income receivable​  6,021​  5,486Intangible assets:​ ​​ ​Goodwill​  13,611​  13,611Core deposit intangible​  61​  77Bank owned life insurance​  39,172​  39,923Net deferred tax asset​  —​  1,412Federal Home Loan Bank stock​  4,004​  4,759Federal Reserve Bank