AmeriServ Financial Inc. (ASRV) financial statements (2022 and earlier)

Company profile

Business Address MAIN & FRANKLIN STS
JOHNSTOWN, PA 15907
State of Incorp. PA
Fiscal Year End December 31
SIC 6021 - National Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:413222353434
Cash and cash equivalents36  353434
Short-term investments584   
Other undisclosed cash, cash equivalents, and short-term investments 2318   
Total current assets:413222353434
Noncurrent Assets
Finance lease, right-of-use asset333
Operating lease, right-of-use asset111
Property, plant and equipment141415131312
Intangible assets, net (including goodwill)141212121212
Goodwill141212121212
Deferred income tax assets 24
Total noncurrent assets:313234252524
Other undisclosed assets1,2631,2171,1151,1001,1091,096
TOTAL ASSETS:1,3361,2801,1711,1611,1681,154
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt232522414913
Total current liabilities:232522414913
Noncurrent Liabilities
Liabilities, other than long-term debt131   
Deferred income tax liabilities131
Total noncurrent liabilities:131   
Other undisclosed liabilities1,1951,1481,0501,0221,0231,046
Total liabilities:1,2191,1751,0731,0631,0731,058
Stockholders' equity
Stockholders' equity attributable to parent11710499989595
Common stock000000
Treasury stock, value(83)(83)(83)(81)(78)(75)
Additional paid in capital146146146146146146
Accumulated other comprehensive loss(7)(13)(16)(14)(13)(12)
Retained earnings605552474036
Total stockholders' equity:11710499989595
TOTAL LIABILITIES AND EQUITY:1,3361,2801,1711,1611,1681,154

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues1513111111
Gain on disposition of assets for financial service operations1210
Net investment income000000
Financial services revenue1111
Cost of revenue(1)(2)(1) (1)(4)
Provision for loan, lease, and other losses(1)(2)(1) 
Financial services costs(1)(4)
Gross profit:141001107
Operating expenses(10)(10)(10)(9)(34)(34)
Other operating income, net
(Noninterest Income, Other Operating Income)
322233
Operating income (loss):63(7)(6)(21)(24)
Nonoperating income
(Bank Owned Life Insurance Income)
111111
Interest and debt expense(8)(11)(14)(12)(9)(8)
Other undisclosed income from continuing operations before equity method investments, income taxes 1228273734
Income (loss) from continuing operations before equity method investments, income taxes:(0)68993
Other undisclosed income from continuing operations before income taxes9     
Income from continuing operations before income taxes:968993
Income tax expense(2)(1)(2)(2)(5)(1)
Net income attributable to parent:756832
Other undisclosed net loss available to common stockholders, basic     (0)
Net income available to common stockholders, diluted:756832

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income:756832
Other comprehensive loss(5)(3)(2)(1)(0)(0)
Comprehensive income:224732
Other undisclosed comprehensive income (loss), net of tax, attributable to parent1260(0)1(4)
Comprehensive income (loss), net of tax, attributable to parent:148464(2)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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