Ameriserv financial inc /pa/ (ASRV)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
INTEREST INCOME
Interest and fees on loans:
Interest and fees on loans

10,332

-

10,737

10,994

10,418

-

10,607

10,125

9,818

-

9,855

9,778

9,556

-

9,462

9,409

9,465

-

9,718

9,480

9,456

-

9,019

8,939

9,032

-

8,765

8,590

8,628

-

8,807

8,552

8,729

-

8,888

8,804

9,083

9,592

9,984

Interest bearing deposits

4

5

6

7

6

-

5

5

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest bearing deposits

-

-

-

-

-

-

-

-

4

-

3

3

2

2

2

2

7

0

1

5

2

1

2

1

1

1

1

3

1

2

2

5

1

-

4

-

-

0

-

Short-term investments in money market funds

72

81

84

59

69

51

60

47

43

37

42

27

24

30

31

13

10

8

3

1

2

2

1

2

2

1

1

4

2

4

4

7

3

2

2

2

3

5

4

Federal funds sold

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

3

4

2

1

Investment securities:
Available for sale

1,183

-

1,265

-

1,319

-

1,144

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Available for sale

-

-

-

1,314

-

-

-

1,101

1,029

-

973

945

901

808

779

778

767

770

790

777

913

840

859

905

924

927

911

907

956

1,037

1,108

1,210

1,279

1,310

1,499

1,617

1,411

1,354

1,353

Held to maturity

353

343

341

391

352

337

333

325

323

321

314

298

265

217

202

187

173

163

155

146

150

149

138

136

136

137

133

123

115

108

109

111

112

105

99

104

95

107

108

Total Interest Income

11,944

12,405

12,433

12,765

12,164

12,125

12,149

11,603

11,217

11,370

11,187

11,051

10,748

10,582

10,476

10,389

10,422

10,282

10,667

10,409

10,523

10,344

10,019

9,983

10,095

10,203

9,811

9,627

9,702

9,878

10,030

9,885

10,124

10,346

10,492

10,530

10,596

11,060

11,450

INTEREST EXPENSE
Deposits

2,458

2,697

2,895

2,867

2,730

2,525

2,164

1,973

1,781

1,697

1,618

1,504

1,436

1,425

1,391

1,330

1,254

1,233

1,174

1,171

1,174

1,201

1,237

1,240

1,211

1,252

1,274

1,288

1,350

1,485

1,587

1,668

1,762

1,897

2,038

2,106

2,294

2,668

2,833

Short-term borrowings

12

12

38

136

102

191

267

170

92

76

44

67

19

3

2

5

42

16

37

23

10

21

10

5

19

21

12

8

5

5

2

0

4

3

1

1

1

2

4

Advances from Federal Home Loan Bank

284

297

297

261

235

220

199

192

186

183

178

171

162

160

166

159

159

157

141

135

125

110

89

74

60

52

45

30

25

26

19

16

20

53

55

57

55

87

125

Financing lease liabilities

29

29

29

29

30

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Guaranteed junior subordinated deferrable interest debentures

280

280

280

281

280

280

280

280

280

280

280

280

280

280

280

280

280

280

280

280

280

280

280

280

280

280

280

280

280

280

280

280

280

280

280

280

280

280

280

Subordinated debt

130

130

130

130

130

130

130

130

130

130

130

130

130

130

131

129

129

4

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total Interest Expense

3,193

3,445

3,669

3,704

3,507

3,346

3,040

2,745

2,469

2,366

2,250

2,152

2,027

1,998

1,970

1,903

1,864

1,690

1,632

1,609

1,589

1,612

1,616

1,599

1,570

1,605

1,611

1,606

1,660

1,796

1,888

1,964

2,066

2,233

2,374

2,444

2,630

3,037

3,242

NET INTEREST INCOME

8,751

8,960

8,764

9,061

8,657

8,779

9,109

8,858

8,748

9,004

8,937

8,899

8,721

8,584

8,506

8,486

8,558

8,592

9,035

8,800

8,934

8,732

8,403

8,384

8,525

8,598

8,200

8,021

8,042

8,082

8,142

7,921

8,058

8,113

8,118

8,086

7,966

8,023

8,208

Provision (credit) for loan losses

175

975

225

0

-400

-700

0

50

50

50

200

325

225

300

300

250

3,100

500

300

200

250

375

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision (credit) for loan losses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-150

250

-

200

-

-

-

-

-

-

-

-

Provision (credit) for loan losses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-500

-625

-

-550

1,175

-600

1,000

1,200

NET INTEREST INCOME AFTER PROVISION (CREDIT) FOR LOAN LOSSES

8,576

7,985

8,539

9,061

9,057

9,479

9,109

8,808

8,698

8,954

8,737

8,574

8,496

8,284

8,206

8,236

5,458

8,092

8,735

8,600

8,684

8,357

8,403

8,384

8,525

9,598

8,200

7,871

8,292

7,532

8,342

8,421

8,683

9,363

8,668

9,261

8,566

7,023

7,008

NON-INTEREST INCOME
Wealth management fees

2,554

2,484

2,431

2,419

2,396

2,427

2,359

2,447

2,426

-

2,208

2,240

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Service charges on deposit accounts

286

323

321

317

310

354

326

357

383

-

409

385

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Trust and investment advisory fees

-

-

-

-

-

-

-

-

-

-

-

-

2,166

-

2,035

2,124

2,075

2,068

2,085

2,135

2,056

1,978

1,807

1,948

2,032

2,253

1,893

1,999

1,667

2,410

1,533

1,628

1,697

1,430

1,570

1,617

1,556

1,357

1,373

Service charges on deposit accounts

-

-

-

-

-

-

-

-

-

-

-

-

374

-

433

404

415

461

441

429

419

471

507

501

478

564

560

538

511

576

567

517

535

580

640

549

472

565

611

Net gains on sale of loans

237

291

405

107

62

96

176

119

98

162

217

186

114

332

260

185

107

173

178

225

191

201

275

171

101

177

285

241

386

343

262

251

276

209

186

155

262

278

159

Mortgage related fees

126

84

97

77

44

31

54

72

39

-

69

83

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net realized gains (losses) on investment securities

-

-

88

30

-

-291

0

0

-148

-

56

32

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Mortgage related fees

-

-

-

-

-

-

-

-

-

-

-

-

75

-

132

98

63

80

87

109

115

123

190

160

117

-

212

228

-

-

-

-

-

-

-

-

-

-

-

Investment advisory fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

214

-

182

177

193

186

172

198

198

171

167

Net realized gains (losses) on investment securities

-

-

-

-

-

-

-

-

-

-

-

-

27

-

60

60

57

79

-36

28

0

0

0

120

57

67

66

0

71

0

0

12

0

0

0

0

-358

50

42

Bank owned life insurance

125

133

131

129

128

136

135

133

132

143

143

310

141

170

169

169

167

399

684

171

363

189

188

184

187

205

204

388

201

219

217

212

215

224

227

218

216

260

258

Other income

504

601

622

578

665

569

536

553

705

367

527

519

665

287

572

702

553

588

576

595

568

598

626

554

560

482

766

681

766

-11

888

936

758

857

729

717

759

832

778

Total Non-Interest Income

3,832

3,416

4,095

3,657

3,605

3,322

3,586

3,681

3,635

3,699

3,629

3,755

3,562

3,798

3,661

3,742

3,437

3,848

4,015

3,692

3,712

3,560

3,593

3,638

3,532

3,867

3,986

4,075

3,816

3,887

3,649

3,733

3,674

3,486

3,524

3,454

3,105

3,513

3,388

NON-INTEREST EXPENSE
Salaries and employee benefits

6,704

6,456

6,324

6,348

6,301

6,232

5,815

6,218

6,093

6,112

5,943

5,917

5,948

5,611

5,901

5,868

6,166

5,946

6,079

5,944

6,073

6,400

6,139

6,107

6,314

6,357

6,251

6,176

6,331

6,330

6,132

5,976

5,986

5,840

5,702

5,574

5,500

5,415

5,236

Net occupancy expense

671

618

599

622

658

596

585

611

670

653

634

639

674

699

656

690

737

690

692

718

841

699

709

717

839

719

694

751

773

671

698

702

729

721

680

742

757

620

639

Equipment expense

395

429

333

387

361

360

335

378

391

389

343

434

419

424

419

409

436

418

409

480

466

460

468

494

470

512

429

455

455

445

395

473

451

411

435

411

429

401

427

Professional fees

1,154

1,240

1,276

1,249

1,120

1,282

1,321

1,252

1,184

1,230

1,213

1,415

1,200

1,293

1,330

1,192

1,465

1,311

1,206

1,275

1,211

1,277

1,360

1,464

1,308

1,108

1,034

1,150

1,035

1,033

977

937

923

1,001

983

911

980

1,034

1,114

Supplies, postage and freight

179

150

142

140

173

183

159

164

168

160

161

161

194

175

181

154

195

192

181

175

178

195

196

187

183

191

197

211

211

206

191

200

233

224

203

220

239

227

257

Miscellaneous taxes and insurance

275

284

280

294

277

256

258

258

290

270

319

311

294

280

287

288

291

285

288

287

297

290

276

312

296

366

360

365

376

366

363

355

355

348

344

331

349

345

353

Federal deposit insurance expense

26

-60

0

80

80

100

140

155

162

160

156

152

160

153

189

188

179

164

174

164

167

163

159

154

160

174

152

151

134

94

104

114

129

154

262

460

462

430

341

Goodwill impairment charge

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

669

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Other expense

1,229

1,446

1,549

1,336

1,323

1,356

1,483

1,256

1,162

1,236

1,345

1,288

1,196

1,874

1,393

1,250

1,242

1,164

1,190

1,196

1,177

1,286

1,267

1,185

1,168

1,319

1,296

1,183

1,307

1,228

1,227

1,310

1,308

1,420

1,273

1,228

1,203

1,302

1,419

Total Non-Interest Expense

10,633

10,563

10,503

10,456

10,293

10,365

10,096

10,292

10,120

10,210

10,114

10,317

10,085

10,509

10,356

10,039

10,711

10,170

10,219

10,239

10,410

10,770

11,243

10,620

10,738

10,746

10,413

10,442

10,622

10,373

10,087

10,067

10,114

10,359

9,882

9,877

9,919

9,774

9,786

PRETAX INCOME

1,775

838

2,131

2,262

2,369

2,436

2,599

2,197

2,213

2,443

2,252

2,012

1,973

1,573

1,511

1,939

-1,816

1,770

2,531

2,053

1,986

1,147

753

1,402

1,319

2,719

1,773

1,504

1,486

1,046

1,904

2,087

2,243

2,490

2,310

2,838

1,752

762

610

Provision for income tax expense

366

169

442

470

491

508

270

453

446

3,438

701

623

625

423

446

577

-549

396

698

632

617

398

388

423

389

878

547

434

430

311

597

655

678

720

744

900

489

153

133

NET INCOME

1,409

669

1,689

1,792

1,878

1,928

2,329

1,744

1,767

-995

1,551

1,389

1,348

1,150

1,065

1,362

-1,267

1,374

1,833

1,421

1,369

749

365

979

930

1,841

1,226

1,070

1,056

735

1,307

1,432

1,565

1,770

1,566

1,938

1,263

609

477

Preferred stock dividends

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

15

53

52

52

53

52

53

52

53

52

53

52

52

52

251

262

263

266

539

290

290

291

290

NET INCOME AVAILABLE TO COMMON SHAREHOLDERS

-

-

-

-

-

-

-

-

-

-

-

-

-

1,150

1,065

1,362

-1,282

1,321

1,781

1,369

1,316

697

312

927

877

1,789

1,173

1,018

1,004

683

1,056

1,170

1,302

1,504

1,027

1,648

973

318

187

PER COMMON SHARE DATA:
Basic:
Net income

0.08

0.04

0.10

0.10

0.11

0.10

0.13

0.10

0.10

-0.04

0.08

0.07

0.07

0.06

0.06

0.07

-0.07

0.08

0.09

0.07

0.07

0.03

0.02

0.05

0.05

0.10

0.06

0.05

0.05

0.04

0.05

0.06

0.06

0.06

0.05

0.08

0.05

0.02

0.01

Average number of shares outstanding

17,043

17,104

17,278

17,476

17,578

17,691

17,924

18,038

18,079

18,218

18,380

18,580

18,814

18,904

18,899

18,897

18,884

18,873

18,869

18,859

18,851

18,796

18,795

18,795

18,786

18,777

18,784

19,039

19,168

59,424

19,275

19

20

21,112

21,208

21,208

21,208

21,224

21,224

Diluted:
Net income

0.08

0.04

0.10

0.10

0.11

0.10

0.13

0.10

0.10

-0.04

0.08

0.07

0.07

0.06

0.06

0.07

-0.07

0.08

0.09

0.07

0.07

0.03

0.02

0.05

0.05

0.10

0.06

0.05

0.05

0.04

0.05

0.06

0.06

0.06

0.05

0.08

0.05

0.02

0.01

Average number of shares outstanding

17,099

17,176

17,360

17,560

17,664

17,791

18,036

18,140

18,181

18,298

18,481

18,699

18,922

19,031

18,957

18,948

18,884

18,931

18,951

18,941

18,909

18,884

18,908

18,936

18,904

18,873

18,878

19,128

19,257

59,596

19,351

19

20

21,127

21,227

21,236

21,230

21,225

21,245

Cash dividends declared

-

-

0.02

-

-

-

0.02

-

-

0.01

0.01

0.01

0.01

0.01

0.01

0.01

0.01

0.01

0.01

0.01

0.01

0.01

0.01

0.01

0.01

0.01

0.01

0.01

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00