Ameriserv financial inc /pa/ (ASRVP)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
INTEREST INCOME
Interest and fees on loans:
Taxable

42,832

40,938

39,122

37,786

37,923

36,285

35,063

34,752

35,630

39,020

41,359

Tax exempt

101

90

95

75

72

57

57

63

69

76

91

Interest bearing deposits

24

20

11

-

-

-

-

-

-

-

-

Interest bearing deposits

-

-

-

13

8

5

6

10

9

1

4

Short-term investments in money market funds

293

201

130

84

14

7

8

18

9

16

30

Federal funds sold

-

-

-

-

-

-

-

-

7

4

1

Investment securities:
Available for sale

5,090

4,527

3,800

-

-

-

-

-

-

-

-

Available for sale

-

-

-

3,132

3,250

3,528

3,701

4,634

5,837

5,281

5,340

Held to maturity

1,427

1,318

1,198

779

614

559

508

440

403

433

630

Total Interest Income

49,767

47,094

44,356

41,869

41,881

40,441

39,343

39,917

41,964

44,831

47,455

INTEREST EXPENSE
Deposits

11,189

8,443

6,255

5,400

4,752

4,889

5,164

6,502

8,335

10,945

13,109

Federal funds purchased

-

-

-

-

-

-

-

-

-

-

7

Short-term borrowings

288

720

206

52

86

55

46

11

6

22

133

Advances from Federal Home Loan Bank

1,090

797

694

644

558

333

152

81

220

402

652

Financing lease liabilities

117

0

0

-

-

-

-

-

-

-

-

Guaranteed junior subordinated deferrable interest debentures

1,121

1,120

1,120

1,120

1,120

1,120

1,120

1,120

1,120

1,120

1,120

Subordinated debt

520

520

520

519

4

0

0

-

-

-

-

Total Interest Expense

14,325

11,600

8,795

7,735

6,520

6,397

6,482

7,714

9,681

12,489

15,021

NET INTEREST INCOME

35,442

35,494

35,561

34,134

35,361

34,044

32,861

32,203

32,283

32,342

32,434

Provision (credit) for loan losses

800

-600

800

3,950

1,250

375

-1,100

-775

-3,575

-

-

Provision (credit) for loan losses

-

-

-

-

-

-

-

-

-

5,250

15,150

NET INTEREST INCOME AFTER PROVISION (CREDIT) FOR LOAN LOSSES

34,642

36,094

34,761

30,184

34,111

33,669

33,961

32,978

35,858

27,092

17,284

NON-INTEREST INCOME
Wealth management fees

9,730

9,659

9,170

8,747

-

-

-

-

-

-

-

Service charges on deposit accounts

1,271

1,420

1,581

1,674

-

-

-

-

-

-

-

Trust and investment advisory fees

-

-

-

-

8,344

7,765

7,812

7,268

6,173

5,571

5,648

Service charges on deposit accounts

-

-

-

-

1,750

1,957

2,173

2,195

2,241

2,284

2,769

Net gains on sale of loans

865

489

679

884

767

748

1,089

1,132

812

958

651

Mortgage related fees

302

196

285

367

-

-

-

-

-

-

-

Net realized gains (losses) on investment securities

118

-439

115

177

-

-

-

-

-

-

-

Impairment charge on other investments

500

0

0

-

-

-

-

-

-

-

-

Mortgage related fees

-

-

-

-

391

590

773

902

-

-

-

Investment advisory fees

-

-

-

-

-

-

-

-

754

713

648

Net realized gains (losses) on investment securities

-

-

-

-

71

177

204

12

-358

157

164

Bank owned life insurance

521

536

737

675

1,617

748

998

863

885

1,227

1,208

Other income

2,466

2,363

2,078

2,114

2,327

2,338

2,695

2,571

3,062

3,057

2,840

Total Non-Interest Income

14,773

14,224

14,645

14,638

15,267

14,323

15,744

14,943

13,569

13,967

13,928

NON-INTEREST EXPENSE
Salaries and employee benefits

25,429

24,358

23,920

23,546

24,042

24,960

25,115

24,424

22,616

21,602

20,526

Net occupancy expense

2,497

2,462

2,600

2,782

2,941

2,964

2,937

2,800

2,900

2,691

2,632

Equipment expense

1,510

1,464

1,585

1,688

1,773

1,892

1,851

1,764

1,686

1,680

1,692

Professional fees

4,885

5,039

5,058

5,280

5,003

5,409

4,327

3,870

3,875

4,363

4,032

Supplies, postage and freight

605

674

676

705

726

761

810

830

886

997

1,117

Miscellaneous taxes and insurance

1,135

1,062

1,194

1,146

1,157

1,174

1,467

1,439

1,372

1,396

1,374

Federal deposit insurance expense

100

557

628

709

669

636

611

441

1,338

1,575

1,670

Goodwill impairment charge

-

-

-

-

-

669

0

0

-

-

-

Amortization of core deposit intangibles

-

-

-

-

-

-

-

-

-

-

108

Federal Home Loan Bank prepayment penalties

-

-

-

-

-

-

-

-

240

0

0

Other expense

5,654

5,257

5,065

5,759

4,727

4,906

5,105

5,073

5,124

5,393

6,006

Total Non-Interest Expense

41,815

40,873

40,726

41,615

41,038

43,371

42,223

40,641

40,037

39,697

39,157

PRETAX INCOME

7,600

9,445

8,680

3,207

8,340

4,621

7,482

7,280

9,390

1,362

-7,945

Provision for income tax expense

1,572

1,677

5,387

897

2,343

1,598

2,289

2,241

2,853

80

-3,050

NET INCOME

6,028

7,768

3,293

2,310

5,997

3,023

5,193

5,039

6,537

1,282

-4,895

Preferred stock dividends

-

-

-

15

210

210

209

828

1,385

1,161

1,158

NET INCOME AVAILABLE TO COMMON SHAREHOLDERS

-

-

-

2,295

5,787

2,813

4,984

4,211

5,152

121

-6,053

PER COMMON SHARE DATA:
Basic:
Net income

0.35

0.43

0.18

0.12

0.31

0.15

0.26

0.21

0.24

0.01

-0.29

Average number of shares outstanding

17,359

17,933

18,498

18,896

18,863

18,793

18,942

19,685

21,184

21,224

21,172

Diluted:
Net income

0.35

0.43

0.18

0.12

0.31

0.15

0.26

0.21

0.24

0.01

-0.29

Average number of shares outstanding

17,440

18,037

18,600

18,955

18,933

18,908

19,034

19,747

21,205

21,226

21,174

Cash dividends declared

0.09

0.07

0.06

0.05

0.04

0.04

0.03

0.00

0.00

0.00

0.00