Company: ASRV
Filing Date: 2025-06-25
Form Type: 11-K
Source: 0001558370-25-008853
Chunk: 2

Company: AMERISERV FINANCIAL INC /PA/
Filing Date: 2025-06-25
Form: 11-K
Chunk 2
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 under the Employee Retirement Income Security Act of 1974. The supplemental information is the responsibility of the Plan’s management. Our audit procedures included determining whether the supplemental information reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental information. In forming our opinion on the supplemental information in the accompanying schedule, we evaluated whether the supplemental information, including its form and content, is presented in conformity with the DOL’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. In our opinion, the supplemental information in the accompanying schedule is fairly stated, in all material respects, in relation to the financial statements as a whole.

We have served as the Plan’s auditor since 2005.

/s/S.R. Snodgrass, P.C.

Cranberry Township, Pennsylvania

June 25, 2025

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AMERISERV FINANCIAL 401(k) PROFIT SHARING PLAN STATEMENT OF NET ASSETS AVAILABLE FOR BENEFITS

| ​                                              
 ​                                              
 ​                                              
 ASSETS                                         
 Investments, at fair value                     | ​ 
 ​ 
 ​ 
 ​ | ​            
 December 31, 
 2024         
 ​            
 ​            |          ​ 
          ​ | ​ 
 ​ 
 ​ | ​    
 2023 
 ​    
 ​    |          ​ 
          ​ |
|:-----------------------------------------------|:--|:-------------|-----------:|:--|:-----|-----------:|
| Common/collective funds                        | ​ | $            | 22,089,426 | ​ | $    | 21,638,688 |
| Mutual funds                                   | ​ |              | 15,400,206 | ​ |      | 12,895,108 |
| AmeriServ Financial, Inc. common stock         | ​ |              |    390,420 | ​ |      |    408,655 |
| Money market funds/cash equivalents            | ​ |              |  4,068,152 | ​ |      |  4,880,634 |
| Total investments, at fair value               | ​ |              | 41,948,204 | ​ |      | 39,823,085 |
| ​                                              | ​ | ​            |          ​ | ​ | ​    |          ​ |
| Annuity insurance contracts, at contract value | ​