Company: ASRV
Filing Date: 2025-03-19
Form Type: 10-K
Source: 0001558370-25-003291
Chunk: 38

Company: AMERISERV FINANCIAL INC /PA/
Filing Date: 2025-03-19
Form: 10-K
Item: Item 7M
Chunk 38
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ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF CONSOLIDATED FINANCIAL CONDITION AND RESULTS OF OPERATIONS (MD&A)

The following discussion and analysis of financial condition and results of operations of the Company should be read in conjunction with the consolidated financial statements of the Company including the related notes thereto, included elsewhere herein.

SELECTED FIVE-YEAR CONSOLIDATED FINANCIAL DATA

​​​​​​​​​​​​​​​​​​​AT OR FOR THE YEAR ENDED DECEMBER 31, ​​    2024    2023    2022    2021    2020​​​(IN THOUSANDS, EXCEPT PER SHARE DATA AND RATIOS)​SUMMARY OF INCOME STATEMENT DATA: ​   ​   ​   ​   ​  ​Total interest income​$ 66,505​$ 60,860​$ 49,058​$ 46,669​$ 46,882​Total interest expense​  30,457​  24,840​  8,495​  7,586​  10,515​Net interest income​  36,048​  36,020​  40,563​  39,083​  36,367​Provision for credit losses​  884​  7,429​  50​  1,100​  2,375​Net interest income after provision for credit losses​  35,164​  28,591​  40,513​  37,983​  33,992​Total non-interest income​  17,975​  16,389​  16,692​  17,761​  16,275​Total non-interest expense​  48,740​  49,368​  48,004​  46,970​  44,455​Income (loss) before income taxes​  4,399​  (4,388)​  9,201​  8,774​  5,812​Provision (benefit) for income taxes​  798​  (1,042)​  1,753​  1,702​  1,214​Net income (loss)​$