A
AMERISERV FINANCIAL INC /PA/
ASRVCIK 0000707605NasdaqNon-AcceleratedSmaller ReportingNational Commercial BanksPennsylvaniaFY ends Dec 31
Period
FY 2025
Revenue
$14.63M
Net Income
$5.61M
Total Assets
$1.45B
Equity
$119.31M
Shares Out
16.96M
Op. Cash Flow
$3.19M
Business
AmeriServ Financial, Inc. is a bank holding company that owns AmeriServ Financial Bank, a Pennsylvania state-chartered bank operating 16 branches across Pennsylvania and Maryland. The bank provides retail banking services including deposits, consumer loans, and mortgages; commercial banking services including commercial real estate loans and credit facilities; and trust and wealth management services. It serves customers in Pennsylvania counties (Allegheny, Cambria, Centre, Somerset, Westmoreland) and Washington County, Maryland.
Summary from 10-K filed 2026-03-18
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Taxable | 60 | 57 | 52 | 41 | 40 | |
| Tax exempt | 188,000 | 121,000 | 89,000 | 71,000 | 89,000 | |
| Interest bearing deposits and short-term investments | 826,000 | 250,000 | 251,000 | 209,000 | 60,000 | |
| Available for sale | 8 | 7 | 7 | 6 | 5 | |
| Held to maturity | 3 | 2 | 2 | 2 | 1 | |
| Trading securities | 144,000 | — | — | — | — | |
| Total Interest Income | 71 | 67 | 61 | 49 | 47 | |
| Deposits | 25 | 25 | 21 | 6 | 5 | |
| Short-term borrowings | 266,000 | 2 | 2 | 364,000 | 1,000 | |
| Advances from Federal Home Loan Bank | 2 | 2 | 731,000 | 553,000 | 875,000 | |
| Financing lease liabilities | 100,000 | 108,000 | 97,000 | 100,000 | 106,000 | |
| Subordinated debt | 1 | 1 | 1 | 1 | 854,000 | |
| Total Interest Expense | 29 | 30 | 25 | 8 | 8 | |
| Net Interest Income | 42 | 36 | 36 | — | — | |
| Provision for credit losses | 4 | 884,000 | 7 | 50,000 | 1 | |
| Net Interest Income after Provision for Credit Losses | 38 | 35 | 29 | 41 | 38 | |
| Non-interest income | 15 | 16 | 14 | 15 | 15 | |
| Mortgage banking revenue | 184,000 | 304,000 | — | — | — | |
| Trading securities revenue | 118,000 | — | — | — | — | |
| Bank owned life insurance | 1 | 1 | 1 | 1 | 1 | |
| Other income | 3 | 3 | 2 | 3 | 3 | |
| Total Non-Interest Income | 17 | 18 | 16 | 17 | 18 | |
| Salaries and employee benefits | 29 | 28 | 30 | 28 | 28 | |
| Net occupancy expense | 3 | 3 | 3 | 3 | 3 | |
| Equipment expense | 2 | 2 | 2 | 2 | 2 | |
| Professional fees | 4 | 5 | 5 | 3 | 3 | |
| Data processing and IT expense | 5 | 5 | 4 | 4 | 4 | |
| Supplies, postage and freight | 701,000 | 670,000 | 668,000 | 651,000 | 668,000 | |
| Miscellaneous taxes and insurance | 1 | 1 | 1 | 1 | 1 | |
| Federal deposit insurance expense | 987,000 | 1 | 715,000 | 515,000 | 655,000 | |
| Other expense | 3 | 3 | 3 | 5 | 5 | |
| Total Non-Interest Expense | 48 | 49 | 49 | 48 | 47 | |
| PRETAX INCOME | 7 | 4 | −4 | 9 | 9 | |
| Provision for income taxes | 1 | 798,000 | −1 | 2 | 2 | |
| NET INCOME | 6 | 4 | −3 | 7 | 7 | |
| Net income (in dollars per share) | 0.34 | 0.21 | −0.2 | 0.44 | 0.41 | |
| Average number of shares outstanding (in shares) | 17 | 17 | 17 | 17 | 17 | |
| Net income (in dollars per share) | 0.34 | 0.21 | −0.2 | 0.43 | 0.41 | |
| Average number of shares outstanding (in shares) | 17 | 17 | 17 | 17 | 17 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and due from depository institutions | 12 | 14 | 10 | 19 | 25 | |
| Interest bearing deposits and short-term investments | 39 | 4 | 4 | 4 | — | |
| Cash and cash equivalents | 51 | 18 | 14 | 23 | — | |
| Available for sale, at fair value (allowance for credit losses $360 on December 31, 2024) | 176 | 156 | 166 | 180 | — | |
| Held to maturity (fair value $68,916 on December 31, 2025 and $58,471 on December 31, 2024; allowance for credit losses $90 on December 31, 2025 and $89 on December 31, 2024) | 72 | 64 | 64 | 62 | — | |
| Trading securities | 7 | — | — | — | — | |
| Loans held for sale | 241,000 | 460,000 | 130,000 | 59,000 | 983,000 | |
| Loans (net of unearned income $466 on December 31, 2025 and $517 on December 31, 2024) | 1,033 | 1,068 | 1,038 | 991 | — | |
| Less: Allowance for credit losses | 13 | 14 | 15 | 11 | 12 | |
| Net loans | 1,020 | 1,054 | 1,023 | 980 | — | |
| Operating lease right-of-use asset | 1 | 2 | 646,000 | 630,000 | 667,000 | |
| Financing lease right-of-use asset | 2 | 2 | 2 | 2 | 3 | |
| Other premises and equipment, net | 14 | 14 | 14 | 14 | 14 | |
| Accrued interest income receivable | 6 | 5 | 6 | 5 | 4 | |
| Goodwill | 14 | 14 | 14 | 14 | 14 | |
| Core deposit intangible | 56,000 | 77,000 | 101,000 | 128,000 | — | |
| Bank owned life insurance | 39 | 40 | 40 | 39 | 39 | |
| Net deferred tax asset | — | 1 | 3 | 3 | — | |
| Federal Home Loan Bank stock | 4 | 5 | 5 | 6 | 3 | |
| Federal Reserve Bank stock | 2 | 2 | 2 | 2 | 2 | |
| Other real estate owned and repossessed assets | 216,000 | 2 | 15,000 | — | — | |
| Other assets | 45 | 43 | 37 | 34 | 25 | |
| TOTAL ASSETS | 1,454 | 1,422 | 1,390 | 1,364 | 1,336 | |
| Non-interest bearing deposits | 159 | 172 | 172 | 195 | 211 | |
| Interest bearing deposits | 1,089 | 1,029 | 986 | 913 | 928 | |
| Total deposits | 1,248 | 1,201 | 1,158 | 1,109 | 1,139 | |
| Short-term borrowings | — | 15 | 41 | 89 | — | |
| Advances from Federal Home Loan Bank | 45 | 56 | 45 | 20 | 43 | |
| Operating lease liabilities | 1 | 2 | 658,000 | 643,000 | 682,000 | |
| Financing lease liabilities | 3 | 3 | 3 | 3 | 3 | |
| Subordinated debt | 27 | 27 | 27 | 27 | 27 | |
| Total borrowed funds | 75 | 102 | 116 | 138 | 73 | |
| Net deferred tax liability | 2 | — | — | — | 934,000 | |
| Other liabilities | 9 | 12 | 13 | 11 | 6 | |
| TOTAL LIABILITIES | 1,335 | 1,315 | 1,287 | 1,258 | 1,219 | |
| Common stock, par value $0.01 per share; 30,000,000 shares authorized; 26,779,089 shares issued, 216,500 shares issuable, and 16,522,267 shares outstanding on December 31, 2025 and 26,776,089 shares issued and 16,519,267 shares outstanding on December 31, 2024 | 270,000 | 268,000 | 268,000 | 267,000 | 267,000 | |
| Treasury stock at cost, 10,256,822 shares on December 31, 2025 and December 31, 2024 | −85 | −85 | −83 | −83 | −83 | |
| Capital surplus | 147 | 146 | 146 | 146 | 146 | |
| Retained earnings | 64 | 60 | 59 | 65 | 60 | |
| Accumulated other comprehensive loss | −7 | −15 | −20 | −23 | −7 | |
| TOTAL SHAREHOLDERS' EQUITY | 119 | 107 | 102 | 106 | 117 | |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | 1,454 | 1,422 | 1,390 | 1,364 | 1,336 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Net income | 6 | 4 | −3 | — | — | |
| Depreciation and amortization expense | 2 | 2 | 2 | 2 | 2 | |
| Amortization expense of core deposit intangible | 21,000 | 24,000 | 27,000 | 30,000 | 19,000 | |
| Amortization of fair value adjustment on acquired time deposits | −1,000 | −8,000 | −33,000 | −101,000 | −98,000 | |
| Net (accretion) amortization of investment securities | −98,000 | 76,000 | 49,000 | 108,000 | 222,000 | |
| Net amortization of deferred loan fees | −234,000 | −132,000 | −104,000 | −553,000 | −1 | |
| Net gains on loans held for sale | −116,000 | −174,000 | −169,000 | −208,000 | −664,000 | |
| Origination of mortgage loans held for sale | −7 | −11 | −9 | −9 | −14 | |
| Sales of mortgage loans held for sale | 8 | 11 | 9 | 11 | 20 | |
| (Increase) decrease in accrued interest receivable | −71,000 | 43,000 | −725,000 | −820,000 | 1 | |
| Increase (decrease) in accrued interest payable | 552,000 | −335,000 | 3 | 45,000 | −490,000 | |
| Deferred income taxes | 992,000 | −34,000 | −565,000 | 533,000 | 729,000 | |
| Stock compensation expense | — | 8,000 | 45,000 | 50,000 | 43,000 | |
| Common stock issuable | 691,000 | — | — | — | — | |
| Net change in trading securities | −7 | — | — | — | — | |
| Net change in operating leases | −178,000 | −169,000 | — | — | — | |
| Other, net | −2 | −2 | −1 | −3 | −4 | |
| Net cash provided by operating activities | 3 | 3 | 6 | 5 | 10 | |
| Purchase of investment securities - available for sale | −55 | −16 | −21 | −58 | −62 | |
| Purchase of investment securities - held to maturity | −16 | −6 | −8 | −11 | −16 | |
| Proceeds from maturities of investment securities - available for sale | 40 | 26 | 18 | 20 | 39 | |
| Proceeds from maturities of investment securities - held to maturity | 7 | 6 | 6 | 3 | 7 | |
| Proceeds from sale of investment securities - available for sale | 0 | 935,000 | 17 | 2 | 960,000 | |
| Purchase of regulatory stock | −12 | −15 | −20 | −11 | −2 | |
| Proceeds from redemption of regulatory stock | 13 | 16 | 20 | 8 | 4 | |
| Net decrease (increase) in loans | 31 | −33 | — | — | — | |
| Purchase of premises and equipment | −1 | −2 | −1 | −2 | −1 | |
| Proceeds from sale of other real estate owned and repossessed assets | 1 | 264,000 | 39,000 | 14,000 | 8,000 | |
| Proceeds from life insurance policies | 2 | 711,000 | 387,000 | 1 | 1 | |
| Net cash provided by (used in) investing activities | 11 | −23 | −40 | −56 | −488,000 | |
| Net increase in deposit balances | 47 | 43 | 50 | −31 | 42 | |
| Net decrease in other short-term borrowings | −15 | −26 | −48 | 89 | −25 | |
| Principal borrowings on advances from Federal Home Loan Bank | 2 | 29 | 42 | — | 2 | |
| Principal repayments on advances from Federal Home Loan Bank | −13 | −17 | −18 | −23 | −24 | |
| Principal payments on financing lease liabilities | −188,000 | −168,000 | −228,000 | −219,000 | −210,000 | |
| Stock options exercised | 9,000 | — | 94,000 | 106,000 | 57,000 | |
| Purchases of treasury stock | — | −2 | — | — | — | |
| Common stock dividend paid | −2 | −2 | −2 | −2 | −2 | |
| Net cash provided by financing activities | 19 | 24 | 25 | 33 | 146,000 | |
| NET INCREASE IN CASH AND CASH EQUIVALENTS | 33 | 4 | −9 | −18 | 10 |
Filings
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Frequently asked questions
What is AMERISERV FINANCIAL INC /PA/'s CIK number?
AMERISERV FINANCIAL INC /PA/'s SEC CIK number is 0000707605 (707605). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find AMERISERV FINANCIAL INC /PA/'s SEC filings?
All of AMERISERV FINANCIAL INC /PA/'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did AMERISERV FINANCIAL INC /PA/ last report earnings?
AMERISERV FINANCIAL INC /PA/ (ASRV) most recently filed an earnings 8-K with the SEC on Apr 21, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001104659-26-045779). This is AMERISERV FINANCIAL INC /PA/'s most recent earnings filing of record — not a forecast of its next earnings date.
What is AMERISERV FINANCIAL INC /PA/'s most recent earnings 8-K?
AMERISERV FINANCIAL INC /PA/'s latest earnings 8-K (Item 2.02) was filed Apr 21, 2026 under accession 0001104659-26-045779. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
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