AmeriServ Financial Inc 2025年季度报告

☒Quarterly Report Pursuant to Section13 or 15(d)of the Securities Exchange Act of 1934 For the quarterly period endedJune 30, 2025 ☐Transition Report Pursuant to Section13 or 15(d)of the Securities Exchange Act of 1934For the transition period from____________to_____________Commission File Number0-11204 AmeriServ Financial,Inc. (Exact name of registrant as specified in its charter) Pennsylvania25-1424278(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.) Main & Franklin Streets,P.O. Box 430,Johnstown,PA15907-0430(Address of principal executive offices)(Zip Code) Registrant’s telephone number, including area code(814)533-5300 Securities registered pursuant to Section 12(b) of the Act: Title Of Each ClassTrading SymbolName of Each Exchange On Which RegisteredCommon StockASRVTheNASDAQStock Market LLC Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of theSecurities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to filesuch reports), and (2) has been subject to such filing requirements for the past 90 days.Yes⌧No◻ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to besubmitted pursuant to Rule405 of RegulationS-T (§ 232.405 of this chapter) during the preceding 12months (or for such shorter period that the registrant was required to submit such files).Yes⌧No◻ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and “emerging growth company” in Rule12b-2 of the Exchange Act. Large Accelerated Filer◻Accelerated Filer◻Non-accelerated Filer⌧Smaller Reporting Company☒Emerging growth Company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition periodfor complying with any new or revised financial accounting standards provided pursuant to Section13(a)of the Exchange Act.◻ Indicate by check mark whether the registrant is a shell company (as defined by Rule12b-2 of the Exchange Act). Yes☐No☒ Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date. AmeriServ Financial,Inc. INDEX PARTI. FINANCIAL INFORMATIONItem1.Financial Statements 3Consolidated Balance Sheets (Unaudited)– June 30, 2025 and December31, 20243Consolidated Statements of Operations (Unaudited)– Three and six months ended June 30,2025 and 20244Consolidated Statements of Comprehensive Income (Unaudited)– Three and six monthsended June 30, 2025 and 20245Consolidated Statements of Changes in Shareholders’ Equity (Unaudited)– Three and sixmonths ended June 30, 2025 and 20246Consolidated Statements of Cash Flows (Unaudited)– Six months ended June 30, 2025 and20247Notesto Unaudited Consolidated Financial Statements8Item2.Management’s Discussion and Analysis of Financial Condition and Results ofOperations40Item3.Quantitative and Qualitative Disclosure About Market Risk59Item4.Controls and Procedures59PARTII. OTHER INFORMATION59Item1.Legal Proceedings59Item1A.Risk Factors59Item2.Unregistered Sales of Equity Securities and Use of Proceeds59Item3.Defaults Upon Senior Securities59Item4.Mine Safety Disclosures59Item5.Other Information59Item6.Exhibits60 AmeriServ Financial,Inc. CONSOLIDATED BALANCE SHEETS(In thousands, except share and per share data)(Unaudited) June30,2025December31,2024ASSETSCash and due from depository institutions$20,228$13,891Interest bearing deposits and short-term investments4,8053,855Cash and cash equivalents25,03317,746Investment securities, net of allowance for credit losses:Available for sale, at fair value (allowance for credit losses $1,000on June30,2025and $360on December31,2024)169,765155,620Held to maturity (fair value $63,280on June30,2025 and $58,471onDecember31,2024; allowance for credit losses $85on June30,2025 and $89onDecember31,2024)67,55563,837Trading securities4,205—Loans held for sale160460Loans (net of unearned income$462on June30,2025 and$517on December31,2024)1,069,0601,067,949Less: Allowance for credit losses14,06013,912Net loans1,055,0001,054,037Premises and equipment:Operating lease right-of-use asset1,4891,550Financing lease right-of-use asset2,2192,331Other premises and equipment, net13,77514,228Accrued interest income receivable5,7385,486Intangible assets:Goodwill13,61113,611Core deposit intangible6677Bank owned life insurance40,30139,923Net deferred tax asset3701,412Federal Home Loan Bank stock4,2704,759Federal Reserve Bank stock2,1612,125Other real estate owned and repossessed assets2581,724Other assets42,75743,436TOTAL ASSETS$1,448,733$1,422,362LIABILITIESNon-interest bearing deposits$203,016$171,