AmeriServ Financial Inc. (ASRV) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
MAIN & FRANKLIN STS JOHNSTOWN, PA 15907 |
| State of Incorp. | PA |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6021 - National Commercial Banks (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments, including: | 22,962 | 41,101 | 31,504 | 22,168 | 34,894 | 34,188 | |||
| Cash and cash equivalents | 22,962 | 35,690 | 34,894 | 34,188 | |||||
| Short-term investments | 5,411 | 8,492 | 3,771 | ||||||
| Other undisclosed cash, cash equivalents, and short-term investments | 23,012 | 18,397 | |||||||
| Total current assets: | 22,962 | 41,101 | 31,504 | 22,168 | 34,894 | 34,188 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 2,413 | 2,684 | 2,956 | 3,078 | ✕ | ✕ | |||
| Operating lease, right-of-use asset | 630 | 667 | 758 | 846 | ✕ | ✕ | |||
| Property, plant and equipment | 14,460 | 14,082 | 14,336 | 14,643 | 13,348 | 12,734 | |||
| Intangible assets, net (including goodwill) | 13,611 | 13,611 | 11,944 | 11,944 | 11,944 | 11,944 | |||
| Goodwill | 13,611 | 13,611 | 11,944 | 11,944 | 11,944 | 11,944 | |||
| Intangible assets, net (excluding goodwill) | |||||||||
| Deferred income tax assets | 2,789 | 1,572 | 3,976 | ✕ | ✕ | ||||
| Total noncurrent assets: | 33,903 | 31,044 | 31,566 | 34,487 | 25,292 | 24,678 | |||
| Other undisclosed assets | 1,307,009 | 1,263,415 | 1,216,643 | 1,114,529 | 1,100,494 | 1,108,789 | |||
| TOTAL ASSETS: | 1,363,874 | 1,335,560 | 1,279,713 | 1,171,184 | 1,160,680 | 1,167,655 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Debt | 88,641 | 22,888 | 24,702 | 22,412 | 41,029 | 49,084 | |||
| Total current liabilities: | 88,641 | 22,888 | 24,702 | 22,412 | 41,029 | 49,084 | |||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 934 | 2,644 | 640 | ||||||
| Deferred income tax liabilities | 934 | 2,644 | 640 | ✕ | ✕ | ||||
| Total noncurrent liabilities: | 934 | 2,644 | 640 | ||||||
| Other undisclosed liabilities | 1,169,055 | 1,195,189 | 1,147,968 | 1,049,518 | 1,021,674 | 1,023,469 | |||
| Total liabilities: | 1,257,696 | 1,219,011 | 1,175,314 | 1,072,570 | 1,062,703 | 1,072,553 | |||
| Equity | |||||||||
| Equity, attributable to parent | 106,178 | 116,549 | 104,399 | 98,614 | 97,977 | 95,102 | |||
| Common stock | 267 | 267 | 267 | 267 | 266 | 266 | |||
| Treasury stock, value | (83,280) | (83,280) | (83,280) | (83,129) | (80,579) | (78,233) | |||
| Additional paid in capital | 146,225 | 146,069 | 145,969 | 145,888 | 145,782 | 145,707 | |||
| Accumulated other comprehensive loss | (22,520) | (6,512) | (13,198) | (16,171) | (14,225) | (12,950) | |||
| Retained earnings | 65,486 | 60,005 | 54,641 | 51,759 | 46,733 | 40,312 | |||
| Total equity: | 106,178 | 116,549 | 104,399 | 98,614 | 97,977 | 95,102 | |||
| TOTAL LIABILITIES AND EQUITY: | 1,363,874 | 1,335,560 | 1,279,713 | 1,171,184 | 1,160,680 | 1,167,655 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 14,737 | 14,968 | 12,823 | 1,182 | 509 | 11,133 | ||
| Gain on disposition of assets for financial service operations | 208 | 664 | 1,523 | 865 | 489 | ✕ | ||
| Net investment income | 26 | 6 | 15 | 317 | 20 | 11 | ||
| Financial services revenue | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 11,122 | |
| Cost of revenue | (50) | (1,100) | (2,375) | (800) | (800) | |||
| Provision for loan, lease, and other losses | (50) | (1,100) | (2,375) | (800) | ✕ | |||
| Financial services costs | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | (800) | |
| Gross profit: | 14,687 | 13,868 | 10,448 | 382 | 509 | 10,333 | ||
| Operating expenses | (12,062) | (10,369) | (9,586) | (9,622) | (9,300) | (33,695) | ||
| Other operating income, net (Noninterest Income, Other Operating Income) | 2,552 | 2,587 | 2,296 | 2,466 | 2,363 | 2,786 | ||
| Operating income (loss): | 5,177 | 6,086 | 3,158 | (6,774) | (6,428) | (20,576) | ||
| Nonoperating income (Bank Owned Life Insurance Income) | 1,089 | 1,117 | 782 | 521 | 536 | 737 | ||
| Interest and debt expense | (8,495) | (7,586) | (10,515) | (14,325) | (11,600) | (8,795) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 12,387 | 28,178 | 26,874 | 37,274 | ||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (2,229) | (383) | 5,812 | 7,600 | 9,382 | 8,640 | ||
| Other undisclosed income from continuing operations before income taxes | 11,430 | 9,157 | ||||||
| Income (loss) from continuing operations before income taxes: | 9,201 | 8,774 | 5,812 | 7,600 | 9,382 | 8,640 | ||
| Income tax expense (benefit) | (1,753) | (1,702) | (1,214) | (1,572) | (1,614) | (5,347) | ||
| Income (loss) from continuing operations: | 7,448 | 7,072 | 4,598 | 6,028 | 7,768 | 3,293 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | 7,072 | 4,598 | 6,028 | 7,768 | 3,293 | |
| Net income (loss) available to common stockholders, diluted: | 7,448 | 7,072 | 4,598 | 6,028 | 7,768 | 3,293 | ||
Comprehensive Income ($ in thousands)
| 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 7,448 | 7,072 | 4,598 | 6,028 | 7,768 | 3,293 | ||
| Other comprehensive loss | (4,632) | (5,030) | (2,968) | (1,995) | (1,223) | (210) | ||
| Comprehensive income (loss): | 2,816 | 2,042 | 1,630 | 4,033 | 6,545 | 3,083 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (11,376) | 11,716 | 5,941 | 49 | (52) | 968 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (8,560) | 13,758 | 7,571 | 4,082 | 6,493 | 4,051 | ||
Statements Sources
The financial statements are based on the Company's filings with 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.