2015 Q4 Form 10-Q Financial Statement

#000114420415063220 Filed on November 06, 2015

View on sec.gov

Income Statement

Concept 2015 Q4 2015 Q3 2014 Q3
Revenue $10.28M $10.67M $10.02M
YoY Change -0.6% 6.47% 2.12%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $440.0K $420.0K $440.0K
YoY Change -8.33% -4.55% 10.0%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $1.690M $1.632M $1.616M
YoY Change 4.84% 0.99% 0.31%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $1.770M $2.531M $753.0K
YoY Change 54.32% 236.12% -57.53%
Income Tax $396.0K $698.0K $388.0K
% Of Pretax Income 22.37% 27.58% 51.53%
Net Earnings $1.374M $1.833M $365.0K
YoY Change 83.44% 402.19% -70.23%
Net Earnings / Revenue 13.36% 17.18% 3.64%
Basic Earnings Per Share $70.00 $90.00 $0.02
Diluted Earnings Per Share $70.00 $90.00 $0.02
COMMON SHARES
Basic Shares Outstanding 18.87M shares 18.87M shares 18.80M shares
Diluted Shares Outstanding 18.95M shares 18.91M shares

Balance Sheet

Concept 2015 Q4 2015 Q3 2014 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $48.51M $23.48M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $12.11M $12.36M $13.41M
YoY Change -6.95% -7.81% 1.09%
Goodwill $11.94M $11.94M $11.94M
YoY Change 0.0% 0.0% -5.3%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $9.000M $8.300M $8.800M
YoY Change -5.26% -5.68% -20.72%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $1.148B $1.111B $1.070B
YoY Change 5.44% 3.78% 3.11%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $48.70M $53.00M $26.40M
YoY Change 25.19% 100.76% -15.11%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $48.70M $53.00M $26.40M
YoY Change 25.19% 100.76% -15.11%
LONG-TERM LIABILITIES
Long-Term Debt $20.30M $13.10M $13.10M
YoY Change 54.96% 0.0% 0.0%
Other Long-Term Liabilities $9.200M $7.500M $5.600M
YoY Change -16.36% 33.93% -46.15%
Total Long-Term Liabilities $29.50M $20.60M $18.70M
YoY Change 22.41% 10.16% -20.43%
TOTAL LIABILITIES
Total Short-Term Liabilities $48.70M $53.00M $26.40M
Total Long-Term Liabilities $29.50M $20.60M $18.70M
Total Liabilities $1.030B $991.4M $954.3M
YoY Change 5.65% 3.89% 2.86%
SHAREHOLDERS EQUITY
Retained Earnings $34.65M $33.52M $29.11M
YoY Change 16.99% 15.14% 12.16%
Common Stock $145.7M $145.7M $145.5M
YoY Change 0.13% 0.13% 0.05%
Preferred Stock
YoY Change
Treasury Stock (at cost) $74.83M $74.83M $74.83M
YoY Change 0.0% 0.0% 0.0%
Treasury Stock Shares 7.618M shares 7.618M shares 7.618M shares
Shareholders Equity $119.0M $119.4M $116.1M
YoY Change
Total Liabilities & Shareholders Equity $1.149B $1.111B $1.070B
YoY Change 5.48% 3.78% 3.11%

Cashflow Statement

Concept 2015 Q4 2015 Q3 2014 Q3
OPERATING ACTIVITIES
Net Income $1.374M $1.833M $365.0K
YoY Change 83.44% 402.19% -70.23%
Depreciation, Depletion And Amortization $440.0K $420.0K $440.0K
YoY Change -8.33% -4.55% 10.0%
Cash From Operating Activities $3.270M $1.530M -$40.00K
YoY Change 12.76% -3925.0% -101.05%
INVESTING ACTIVITIES
Capital Expenditures -$190.0K -$220.0K -$440.0K
YoY Change 137.5% -50.0% -45.68%
Acquisitions
YoY Change
Other Investing Activities -$22.65M $5.540M -$13.05M
YoY Change 176.89% -142.45% -3.12%
Cash From Investing Activities -$22.85M $5.320M -$13.49M
YoY Change 176.63% -139.44% -5.6%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 36.33M -1.690M 9.000M
YoY Change 146.31% -118.78% -33.38%
NET CHANGE
Cash From Operating Activities 3.270M 1.530M -40.00K
Cash From Investing Activities -22.85M 5.320M -13.49M
Cash From Financing Activities 36.33M -1.690M 9.000M
Net Change In Cash 16.75M 5.160M -4.530M
YoY Change 78.38% -213.91% -249.01%
FREE CASH FLOW
Cash From Operating Activities $3.270M $1.530M -$40.00K
Capital Expenditures -$190.0K -$220.0K -$440.0K
Free Cash Flow $3.460M $1.750M $400.0K
YoY Change 16.11% 337.5% -91.36%

Facts In Submission

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OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
131000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-72000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
289000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
-8000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
177000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
-3000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
60000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
922000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
1230000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
5545000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
3504000 USD
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
1346000 USD
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
1359000 USD
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-254000 USD
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-283000 USD
us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
-8000 USD
us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
177000 USD
us-gaap Gain Loss On Sale Of Loans And Leases
GainLossOnSaleOfLoansAndLeases
594000 USD
us-gaap Gain Loss On Sale Of Loans And Leases
GainLossOnSaleOfLoansAndLeases
547000 USD
us-gaap Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
202000 USD
us-gaap Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
198000 USD
us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
39214000 USD
us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
36105000 USD
us-gaap Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
41946000 USD
us-gaap Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
36090000 USD
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
188000 USD
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
372000 USD
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-105000 USD
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-173000 USD
asrv Other Bank Owned Life Insurance Income
OtherBankOwnedLifeInsuranceIncome
514000 USD
asrv Other Bank Owned Life Insurance Income
OtherBankOwnedLifeInsuranceIncome
559000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
805000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
139000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
179000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
56000 USD
us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
4795000 USD
us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
2442000 USD
us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
2379000 USD
us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
5242000 USD
us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
19063000 USD
us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
16581000 USD
us-gaap Proceeds From Sale And Maturity Of Held To Maturity Securities
ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities
4233000 USD
us-gaap Proceeds From Sale And Maturity Of Held To Maturity Securities
ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities
1095000 USD
us-gaap Payments To Acquire Federal Home Loan Bank Stock
PaymentsToAcquireFederalHomeLoanBankStock
14111000 USD
us-gaap Payments To Acquire Federal Home Loan Bank Stock
PaymentsToAcquireFederalHomeLoanBankStock
6679000 USD
us-gaap Payments For Proceeds From Federal Home Loan Bank Stock
PaymentsForProceedsFromFederalHomeLoanBankStock
-13498000 USD
us-gaap Payments For Proceeds From Federal Home Loan Bank Stock
PaymentsForProceedsFromFederalHomeLoanBankStock
-6329000 USD
us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
185864000 USD
us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
126805000 USD
us-gaap Proceeds From Principal Repayments On Loans And Leases Held For Investment
ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
140143000 USD
us-gaap Proceeds From Principal Repayments On Loans And Leases Held For Investment
ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
91886000 USD
us-gaap Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
11519000 USD
us-gaap Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
4247000 USD
us-gaap Proceeds From Sale Of Loans Held For Investment
ProceedsFromSaleOfLoansHeldForInvestment
18443000 USD
us-gaap Proceeds From Life Insurance Policies
ProceedsFromLifeInsurancePolicies
1140000 USD
us-gaap Proceeds From Life Insurance Policies
ProceedsFromLifeInsurancePolicies
USD
us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
691000 USD
us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
1643000 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-27011000 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-22634000 USD
us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
-56000 USD
us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
17828000 USD
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
14108000 USD
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
-15117000 USD
us-gaap Proceeds From Federal Home Loan Bank Borrowings
ProceedsFromFederalHomeLoanBankBorrowings
9000000 USD
us-gaap Proceeds From Federal Home Loan Bank Borrowings
ProceedsFromFederalHomeLoanBankBorrowings
12000000 USD
us-gaap Repayments Of Federal Home Loan Bank Borrowings
RepaymentsOfFederalHomeLoanBankBorrowings
3000000 USD
us-gaap Repayments Of Federal Home Loan Bank Borrowings
RepaymentsOfFederalHomeLoanBankBorrowings
USD
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
9408000 USD
CY2014Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
23482000 USD
CY2015Q3 us-gaap Number Of Stores
NumberOfStores
17 pure
CY2015Q3 us-gaap Assets Held In Trust
AssetsHeldInTrust
1900000000 USD
asrv Incremental Common Shares Attributable To Stock Options
IncrementalCommonSharesAttributableToStockOptions
68000 shares
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
10215000 USD
us-gaap Proceeds From Sale Of Loans Held For Investment
ProceedsFromSaleOfLoansHeldForInvestment
7810000 USD
us-gaap Proceeds From Sale Of Other Real Estate
ProceedsFromSaleOfOtherRealEstate
478000 USD
us-gaap Proceeds From Sale Of Other Real Estate
ProceedsFromSaleOfOtherRealEstate
454000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
566000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
563000 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
157000 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
158000 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
19329000 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
13990000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-1124000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-6584000 USD
CY2013Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
30066000 USD
us-gaap Basis Of Accounting
BasisOfAccounting
<div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"><table style="font: 10pt times new roman, times, serif; margin-top: 0; margin-bottom: 0;" cellpadding="0" cellspacing="0"><tr style="vertical-align: top; text-align: justify;"> <td style="width:0%;"></td><td style="width:0.5in; text-align:left; font-family:'times new roman';">2.</td><td style="text-align:justify; font-family:'times new roman';"><b>Basis of Preparation</b></td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in;">The unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information. In the opinion of management, all adjustments consisting of normal recurring entries considered necessary for a fair presentation have been included. They are not, however, necessarily indicative of the results of consolidated operations for a full-year.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in;">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in;">For further information, refer to the consolidated financial statements and accompanying notes included in the Company's Annual Report on Form 10-K for the year ended December 31, 2014.</p></div>
CY2015Q3 asrv Incremental Common Shares Attributable To Stock Options
IncrementalCommonSharesAttributableToStockOptions
82000 shares
CY2014Q3 asrv Incremental Common Shares Attributable To Stock Options
IncrementalCommonSharesAttributableToStockOptions
113000 shares
asrv Incremental Common Shares Attributable To Stock Options
IncrementalCommonSharesAttributableToStockOptions
124000 shares
CY2015Q3 us-gaap Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
112061000 USD
CY2015Q3 asrv Available For Sale Securities Gross Unrealized Gain Accumulated In Aoci
AvailableForSaleSecuritiesGrossUnrealizedGainAccumulatedInAOCI
2902000 USD
CY2015Q3 asrv Available For Sale Securities Gross Unrealized Loss Accumulated In Aoci
AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInAOCI
311000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
1100000 USD
us-gaap Interest Paid
InterestPaid
4935000 USD
us-gaap Interest Paid
InterestPaid
4958000 USD
us-gaap Transfer Of Other Real Estate
TransferOfOtherRealEstate
165000 USD
us-gaap Transfer Of Other Real Estate
TransferOfOtherRealEstate
455000 USD
CY2015Q3 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
21524000 USD
CY2015Q3 us-gaap Held To Maturity Securities Debt Maturities After Five Through Ten Years Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsNetCarryingAmount
6767000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
1100000 USD
CY2015Q3 asrv Held To Maturity Securities Accumulated Unrecognized Holding Gains
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGains
484000 USD
CY2015Q3 asrv Held To Maturity Securities Accumulated Unrecognized Holding Losses
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLosses
74000 USD
CY2014Q4 us-gaap Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
124316000 USD
CY2014Q4 asrv Available For Sale Securities Gross Unrealized Gain Accumulated In Aoci
AvailableForSaleSecuritiesGrossUnrealizedGainAccumulatedInAOCI
3279000 USD
CY2014Q4 asrv Available For Sale Securities Gross Unrealized Loss Accumulated In Aoci
AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInAOCI
485000 USD
CY2014Q4 asrv Held To Maturity Securities Accumulated Unrecognized Holding Gains
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGains
475000 USD
CY2014Q4 asrv Held To Maturity Securities Accumulated Unrecognized Holding Losses
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLosses
102000 USD
asrv Consolidated Investment Securities Portfolio Modified Years
ConsolidatedInvestmentSecuritiesPortfolioModifiedYears
P2Y7M28D
CY2015Q3 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
1900000 USD
CY2015Q3 asrv Loss On Sale Of Securities
LossOnSaleOfSecurities
36000 USD
asrv Loss On Sale Of Securities
LossOnSaleOfSecurities
36000 USD
asrv Gain On Sale Of Securities
GainOnSaleOfSecurities
28000 USD
asrv Gain On Sale Of Securities
GainOnSaleOfSecurities
182000 USD
asrv Loss On Sale Of Securities
LossOnSaleOfSecurities
5000 USD
CY2015Q3 asrv Carrying Value Of Available For Sale Held To Maturity And Federal Home Loan Bank Borrowings
CarryingValueOfAvailableForSaleHeldToMaturityAndFederalHomeLoanBankBorrowings
103478000 USD
CY2014Q4 asrv Carrying Value Of Available For Sale Held To Maturity And Federal Home Loan Bank Borrowings
CarryingValueOfAvailableForSaleHeldToMaturityAndFederalHomeLoanBankBorrowings
104780000 USD
CY2015Q3 asrv Investment Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
InvestmentSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
11604000 USD
CY2015Q3 asrv Investment Securities Continuous Unrealized Loss Position Less Than12 Months Aggregate Losses Accumulated In Aoci
InvestmentSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAggregateLossesAccumulatedInAOCI
123000 USD
CY2015Q3 asrv Investment Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
InvestmentSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
16823000 USD
CY2015Q3 asrv Investment Securities Continuous Unrealized Loss Position12 Months Or Longer Aggregate Losses Accumulated In Aoci
InvestmentSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAggregateLossesAccumulatedInAOCI
262000 USD
CY2015Q3 asrv Investment Securities Continuous Unrealized Loss Position Fair Value
InvestmentSecuritiesContinuousUnrealizedLossPositionFairValue
28427000 USD
CY2015Q3 asrv Investment Securities Continuous Unrealized Loss Position Aggregate Losses Accumulated In Aoci
InvestmentSecuritiesContinuousUnrealizedLossPositionAggregateLossesAccumulatedInAOCI
385000 USD
CY2014Q4 asrv Investment Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
InvestmentSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
6932000 USD
CY2014Q4 asrv Investment Securities Continuous Unrealized Loss Position Less Than12 Months Aggregate Losses Accumulated In Aoci
InvestmentSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAggregateLossesAccumulatedInAOCI
61000 USD
CY2014Q4 asrv Investment Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
InvestmentSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
33145000 USD
CY2014Q4 asrv Investment Securities Continuous Unrealized Loss Position12 Months Or Longer Aggregate Losses Accumulated In Aoci
InvestmentSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAggregateLossesAccumulatedInAOCI
526000 USD
CY2014Q4 asrv Investment Securities Continuous Unrealized Loss Position Fair Value
InvestmentSecuritiesContinuousUnrealizedLossPositionFairValue
40077000 USD
CY2014Q4 asrv Investment Securities Continuous Unrealized Loss Position Aggregate Losses Accumulated In Aoci
InvestmentSecuritiesContinuousUnrealizedLossPositionAggregateLossesAccumulatedInAOCI
587000 USD
CY2015Q3 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
1000000 USD
CY2015Q3 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
998000 USD
CY2015Q3 us-gaap Held To Maturity Securities Debt Maturities Within One Year Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearNetCarryingAmount
1000000 USD
CY2015Q3 us-gaap Held To Maturity Securities Debt Maturities Within One Year Fair Value
HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearFairValue
997000 USD
CY2015Q3 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
12266000 USD
CY2015Q3 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
12335000 USD
CY2015Q3 us-gaap Held To Maturity Securities Debt Maturities After One Through Five Years Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsNetCarryingAmount
2000000 USD
CY2015Q3 us-gaap Held To Maturity Securities Debt Maturities After One Through Five Years Fair Value
HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
1945000 USD
CY2015Q3 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost
21133000 USD
CY2015Q3 us-gaap Held To Maturity Securities Debt Maturities After Five Through Ten Years Fair Value
HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
6851000 USD
CY2015Q3 asrv Availableforsale Securities Debt Maturities After Ten Through Fifteen Years Amortized Cost Basis
AvailableforsaleSecuritiesDebtMaturitiesAfterTenThroughFifteenYearsAmortizedCostBasis
46838000 USD
CY2015Q3 asrv Availableforsale Securities Debt Maturities After Ten Through Fifteen Years Fair Value
AvailableforsaleSecuritiesDebtMaturitiesAfterTenThroughFifteenYearsFairValue
48068000 USD
CY2015Q3 asrv Heldtomaturity Securities Debt Maturities After Ten Through Fifteen Years Net Carrying Amount
HeldtomaturitySecuritiesDebtMaturitiesAfterTenThroughFifteenYearsNetCarryingAmount
1397000 USD
CY2015Q3 asrv Heldtomaturity Securities Debt Maturities After Ten Through Fifteen Years Fair Value
HeldtomaturitySecuritiesDebtMaturitiesAfterTenThroughFifteenYearsFairValue
1389000 USD
CY2015Q3 asrv Availableforsale Securities Debt Maturities After Fifteen Years Fair Value
AvailableforsaleSecuritiesDebtMaturitiesAfterFifteenYearsFairValue
31727000 USD
CY2015Q3 asrv Heldtomaturity Securities Debt Maturities After Fifteen Years Net Carrying Amount
HeldtomaturitySecuritiesDebtMaturitiesAfterFifteenYearsNetCarryingAmount
9197000 USD
CY2014Q3 asrv Interest Income Recorded Nonaccrual Loans
InterestIncomeRecordedNonaccrualLoans
USD
asrv Interest Income Recorded Nonaccrual Loans
InterestIncomeRecordedNonaccrualLoans
USD
CY2015Q3 asrv Availableforsale Securities Debt Maturities After Fifteen Years Amortized Cost
AvailableforsaleSecuritiesDebtMaturitiesAfterFifteenYearsAmortizedCost
30824000 USD
CY2015Q3 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
965000 USD
CY2015Q3 asrv Heldtomaturity Securities Debt Maturities After Fifteen Years Fair Value
HeldtomaturitySecuritiesDebtMaturitiesAfterFifteenYearsFairValue
9589000 USD
CY2015Q3 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
112061000 USD
CY2015Q3 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
865300000 USD
CY2014Q4 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
827080000 USD
CY2015Q3 asrv Real Estate Construction Loans Percentage
RealEstateConstructionLoansPercentage
0.034 pure
CY2014Q4 asrv Real Estate Construction Loans Percentage
RealEstateConstructionLoansPercentage
0.035 pure
CY2015Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
9717000 USD
CY2015Q3 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
373000 USD
CY2015Q3 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
128000 USD
CY2015Q3 us-gaap Allowance For Loan And Lease Losses Adjustments Net
AllowanceForLoanAndLeaseLossesAdjustmentsNet
300000 USD
CY2014Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
10150000 USD
CY2014Q3 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
633000 USD
CY2014Q3 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
65000 USD
CY2014Q3 us-gaap Allowance For Loan And Lease Losses Adjustments Net
AllowanceForLoanAndLeaseLossesAdjustmentsNet
USD
CY2014Q3 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
9582000 USD
us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
863000 USD
us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
262000 USD
us-gaap Allowance For Loan And Lease Losses Adjustments Net
AllowanceForLoanAndLeaseLossesAdjustmentsNet
750000 USD
CY2013Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
10104000 USD
us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
902000 USD
us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
380000 USD
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
750000 USD
CY2015Q3 asrv Other Comprehensive Income Loss Before Reclassifications
OtherComprehensiveIncomeLossBeforeReclassifications
464000 USD
CY2015Q3 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
864335000 USD
CY2015Q3 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
524000 USD
CY2015Q3 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
9248000 USD
CY2014Q4 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
989000 USD
CY2014Q4 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
826091000 USD
CY2015Q3 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
965000 USD
CY2014Q4 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
520000 USD
CY2014Q4 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
9103000 USD
CY2015Q3 asrv Individual Loan Balance Is Classified As Nonaccrual Status Or Troubled Debt Restructure
IndividualLoanBalanceIsClassifiedAsNonaccrualStatusOrTroubledDebtRestructure
100000 USD
CY2015Q3 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
1053000 USD
CY2014Q4 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
989000 USD
CY2014Q4 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
1069000 USD
CY2015Q3 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
1348000 USD
CY2014Q3 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
1897000 USD
us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
1795000 USD
us-gaap Impaired Financing Receivable Average Recorded Investment
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2012000 USD
CY2015Q3 us-gaap Impaired Financing Receivable Interest Income Cash Basis Method
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CY2014Q3 us-gaap Impaired Financing Receivable Interest Income Cash Basis Method
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4000 USD
us-gaap Impaired Financing Receivable Interest Income Cash Basis Method
ImpairedFinancingReceivableInterestIncomeCashBasisMethod
33000 USD
us-gaap Impaired Financing Receivable Interest Income Cash Basis Method
ImpairedFinancingReceivableInterestIncomeCashBasisMethod
6000 USD
CY2015Q3 us-gaap Loans And Leases Receivable Commercial
LoansAndLeasesReceivableCommercial
587640000 USD
CY2014Q4 us-gaap Loans And Leases Receivable Commercial
LoansAndLeasesReceivableCommercial
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CY2015Q3 us-gaap Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
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CY2015Q3 us-gaap Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
4528000 USD
CY2015Q3 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
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CY2014Q4 us-gaap Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
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CY2014Q4 us-gaap Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
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CY2014Q4 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
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CY2015Q3 us-gaap Federal Home Loan Bank Advances Maturities Summary Average Interest Rate After Five Years From Balance Sheet Date
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0.0172 pure
CY2015Q3 us-gaap Other Real Estate
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CY2014Q4 us-gaap Other Real Estate
OtherRealEstate
512000 USD
CY2015Q3 asrv Troubled Debt Restructuring Modifications Recorded Investment
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312000 USD
CY2014Q4 asrv Troubled Debt Restructuring Modifications Recorded Investment
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210000 USD
CY2014Q4 us-gaap Federal Home Loan Bank Advances Maturities Summary Due From One To Two Years Of Balance Sheet Date
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CY2014Q4 us-gaap Federal Home Loan Bank Advances Maturities Summary Average Interest Rate One To Two Years From Balance Sheet Date
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0.0052 pure
CY2014Q4 us-gaap Federal Home Loan Bank Advances Maturities Summary Due From Two To Three Years Of Balance Sheet Date
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CY2015Q3 us-gaap Loans And Leases Receivable Impaired Nonperforming Nonaccrual Of Interest
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1810000 USD
CY2014Q4 us-gaap Loans And Leases Receivable Impaired Nonperforming Nonaccrual Of Interest
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2195000 USD
CY2015Q3 asrv Nonperforming Assets Including Trouble Debt Restructurings
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2294000 USD
CY2014Q4 asrv Nonperforming Assets Including Trouble Debt Restructurings
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CY2015Q3 us-gaap Loans And Leases Receivable Ratio Of Nonperforming Loans To All Loans
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CY2014Q4 us-gaap Loans And Leases Receivable Ratio Of Nonperforming Loans To All Loans
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0.0035 pure
CY2015Q3 us-gaap Loans And Leases Receivable Impaired Troubled Debt Interest Income
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CY2014Q3 us-gaap Loans And Leases Receivable Impaired Troubled Debt Interest Income
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39000 USD
us-gaap Loans And Leases Receivable Impaired Troubled Debt Interest Income
LoansAndLeasesReceivableImpairedTroubledDebtInterestIncome
73000 USD
us-gaap Loans And Leases Receivable Impaired Troubled Debt Interest Income
LoansAndLeasesReceivableImpairedTroubledDebtInterestIncome
106000 USD
CY2015Q3 asrv Interest Income Recorded Nonaccrual Loans
InterestIncomeRecordedNonaccrualLoans
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asrv Interest Income Recorded Nonaccrual Loans
InterestIncomeRecordedNonaccrualLoans
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CY2015Q3 asrv Net Reduction In Interest Income
NetReductionInInterestIncome
25000 USD
CY2014Q3 asrv Net Reduction In Interest Income
NetReductionInInterestIncome
39000 USD
asrv Net Reduction In Interest Income
NetReductionInInterestIncome
73000 USD
asrv Net Reduction In Interest Income
NetReductionInInterestIncome
106000 USD
asrv Aggregate Of Multiple Consecutive Maturity Date Extensions Delay In Payment Days
AggregateOfMultipleConsecutiveMaturityDateExtensionsDelayInPaymentDays
P120D
CY2015Q3 asrv Allowance For Loan And Lease Losses Troubled Debt Restructurings
AllowanceForLoanAndLeaseLossesTroubledDebtRestructurings
524000 USD
CY2014Q3 asrv Allowance For Loan And Lease Losses Troubled Debt Restructurings
AllowanceForLoanAndLeaseLossesTroubledDebtRestructurings
503000 USD
asrv Timely Payments On Contract Terms For Minimum Consecutive Months Prior To Consideration For Removing Loan From Tdr Status
TimelyPaymentsOnContractTermsForMinimumConsecutiveMonthsPriorToConsiderationForRemovingLoanFromTdrStatus
P6M
asrv Minimum Number Of Consecutive Months Payment For Removing Loan From Nonaccrual Status
MinimumNumberOfConsecutiveMonthsPaymentForRemovingLoanFromNonaccrualStatus
P6M
CY2015Q3 us-gaap Federal Home Loan Bank Advances Branch Of Fhlb Bank Weighted Average Interest Rate
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CY2015Q3 us-gaap Advances From Federal Home Loan Banks
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100988000 USD
CY2015Q3 asrv Federal Home Loan Bank Weighted Average Interest Rate
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CY2014Q4 us-gaap Assets Sold Under Agreements To Repurchase Carrying Amounts
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38880000 USD
CY2014Q4 asrv Federal Home Loan Bank Open Repo Plus Maturities Summary Average Interest Rate Overnight From Balance Sheet Date
FederalHomeLoanBankOpenRepoPlusMaturitiesSummaryAverageInterestRateOvernightFromBalanceSheetDate
0.0027 pure
asrv Non Performing Assets Including Troubled Debt Restructurings Tdr
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CY2015Q3 us-gaap Accounts Receivable Fair Value Disclosure
AccountsReceivableFairValueDisclosure
3315000 USD
CY2015Q3 us-gaap Cash Surrender Value Fair Value Disclosure
CashSurrenderValueFairValueDisclosure
37266000 USD
CY2015Q3 asrv Deposits With No Stated Maturities
DepositsWithNoStatedMaturities
591286000 USD
CY2015Q3 asrv Deposits With No Stated Maturities Fair Value Disclosure
DepositsWithNoStatedMaturitiesFairValueDisclosure
591286000 USD
CY2015Q3 asrv Deposits With Stated Maturities
DepositsWithStatedMaturities
278613000 USD
CY2015Q3 asrv Deposits With Stated Maturities Fair Value Disclosure
DepositsWithStatedMaturitiesFairValueDisclosure
281283000 USD
CY2015Q3 us-gaap Federal Home Loan Bank Borrowings Fair Value Disclosure
FederalHomeLoanBankBorrowingsFairValueDisclosure
52988000 USD
CY2015Q3 us-gaap Other Borrowings
OtherBorrowings
61085000 USD
CY2015Q3 asrv Debt And Capital Lease Obligations Fair Value Disclosure
DebtAndCapitalLeaseObligationsFairValueDisclosure
65142000 USD
CY2015Q3 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
1601000 USD
CY2015Q3 us-gaap Accounts Payable And Accrued Liabilities Fair Value Disclosure
AccountsPayableAndAccruedLiabilitiesFairValueDisclosure
1601000 USD
CY2014Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
32872000 USD
CY2014Q4 us-gaap Federal Home Loan Bank Stock And Federal Reserve Bank Stock
FederalHomeLoanBankStockAndFederalReserveBankStock
6173000 USD
CY2014Q4 asrv Regulatory Assets Fair Value Disclosure
RegulatoryAssetsFairValueDisclosure
6173000 USD
CY2014Q4 us-gaap Loans Receivable Fair Value Disclosure
LoansReceivableFairValueDisclosure
819935000 USD
CY2014Q4 us-gaap Accounts Receivable Fair Value Disclosure
AccountsReceivableFairValueDisclosure
3127000 USD
CY2014Q4 us-gaap Cash Surrender Value Fair Value Disclosure
CashSurrenderValueFairValueDisclosure
37417000 USD
CY2014Q4 asrv Deposits With No Stated Maturities
DepositsWithNoStatedMaturities
568625000 USD
CY2014Q4 asrv Deposits With No Stated Maturities Fair Value Disclosure
DepositsWithNoStatedMaturitiesFairValueDisclosure
568625000 USD
CY2014Q4 asrv Deposits With Stated Maturities
DepositsWithStatedMaturities
301256000 USD
CY2014Q4 asrv Deposits With Stated Maturities Fair Value Disclosure
DepositsWithStatedMaturitiesFairValueDisclosure
304744000 USD
CY2014Q4 asrv Debt And Capital Lease Obligations Fair Value Disclosure
DebtAndCapitalLeaseObligationsFairValueDisclosure
59256000 USD
CY2014Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
1706000 USD
CY2014Q4 us-gaap Accounts Payable And Accrued Liabilities Fair Value Disclosure
AccountsPayableAndAccruedLiabilitiesFairValueDisclosure
1706000 USD
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
CY2015Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
18870811 shares
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2015
dei Entity Registrant Name
EntityRegistrantName
AMERISERV FINANCIAL INC /PA/
dei Entity Central Index Key
EntityCentralIndexKey
0000707605
dei Document Type
DocumentType
10-Q
dei Document Period End Date
DocumentPeriodEndDate
2015-09-30
dei Amendment Flag
AmendmentFlag
false
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3

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0001144204-15-063220.txt Edgar Link pending
0001144204-15-063220-xbrl.zip Edgar Link pending
asrv-20150930.xml Edgar Link completed
asrv-20150930.xsd Edgar Link pending
asrv-20150930_cal.xml Edgar Link unprocessable
asrv-20150930_def.xml Edgar Link unprocessable
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