2018 Q1 Form 10-Q Financial Statement

#000114420418027713 Filed on May 11, 2018

View on sec.gov

Income Statement

Concept 2018 Q1 2017 Q1
Revenue $11.22M $10.75M
YoY Change 4.36% 3.13%
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 $410.0K $430.0K
YoY Change -4.65% -4.44%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $2.469M $2.027M
YoY Change 21.81% 8.74%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $2.213M $1.973M
YoY Change 12.16% -208.65%
Income Tax $446.0K $625.0K
% Of Pretax Income 20.15% 31.68%
Net Earnings $1.767M $1.348M
YoY Change 31.08% -206.39%
Net Earnings / Revenue 15.75% 12.54%
Basic Earnings Per Share $0.10 $0.07
Diluted Earnings Per Share $0.10 $0.07
COMMON SHARES
Basic Shares Outstanding 18.08M 18.81M shares
Diluted Shares Outstanding 18.18M 18.92M shares

Balance Sheet

Concept 2018 Q1 2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $30.59M $31.02M
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 $12.40M $12.00M
YoY Change 3.33% 0.84%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $5.600M $10.00M
YoY Change -44.0% 4.17%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $1.151B $1.172B
YoY Change -1.78% 4.49%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $36.90M $33.70M
YoY Change 9.5% -15.75%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $36.90M $33.70M
YoY Change 9.5% -15.75%
LONG-TERM LIABILITIES
Long-Term Debt $20.40M $20.40M
YoY Change 0.0% 0.49%
Other Long-Term Liabilities $7.900M $11.70M
YoY Change -32.48% 44.44%
Total Long-Term Liabilities $28.30M $32.10M
YoY Change -11.84% 13.03%
TOTAL LIABILITIES
Total Short-Term Liabilities $36.90M $33.70M
Total Long-Term Liabilities $28.30M $32.10M
Total Liabilities $1.055B $1.077B
YoY Change -1.96% 5.12%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares 8.563M shares 7.870M shares
Shareholders Equity $95.81M $95.60M
YoY Change
Total Liabilities & Shareholders Equity $1.151B $1.172B
YoY Change -1.78% 4.49%

Cashflow Statement

Concept 2018 Q1 2017 Q1
OPERATING ACTIVITIES
Net Income $1.767M $1.348M
YoY Change 31.08% -206.39%
Depreciation, Depletion And Amortization $410.0K $430.0K
YoY Change -4.65% -4.44%
Cash From Operating Activities $3.565M $2.608M
YoY Change 36.69% 552.0%
INVESTING ACTIVITIES
Capital Expenditures -$80.00K -$700.0K
YoY Change -88.57% 204.35%
Acquisitions
YoY Change
Other Investing Activities $9.800M -$22.10M
YoY Change -144.34% -4904.35%
Cash From Investing Activities $9.718M -$22.80M
YoY Change -142.62% -10013.91%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -16.88M $17.14M
YoY Change -198.48% -167.15%
NET CHANGE
Cash From Operating Activities 3.565M $2.608M
Cash From Investing Activities 9.718M -$22.80M
Cash From Financing Activities -16.88M $17.14M
Net Change In Cash -3.594M -$3.057M
YoY Change 17.57% -87.72%
FREE CASH FLOW
Cash From Operating Activities $3.565M $2.608M
Capital Expenditures -$80.00K -$700.0K
Free Cash Flow $3.645M $3.308M
YoY Change 10.19% 425.08%

Facts In Submission

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CY2016Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-11577000 USD
CY2018Q1 asrv Other Comprehensive Income Loss Before Reclassifications
OtherComprehensiveIncomeLossBeforeReclassifications
-799000 USD
CY2017Q1 asrv Other Comprehensive Income Loss Before Reclassifications
OtherComprehensiveIncomeLossBeforeReclassifications
-148000 USD
CY2018Q1 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
-425000 USD
CY2017Q1 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
-242000 USD
CY2017Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-11483000 USD
CY2018Q1 us-gaap Capital
Capital
113196000 USD
CY2018Q1 us-gaap Common Equity Tier One Capital
CommonEquityTierOneCapital
102364000 USD
CY2018Q1 us-gaap Tier One Risk Based Capital
TierOneRiskBasedCapital
102364000 USD
CY2018Q1 us-gaap Tier One Leverage Capital
TierOneLeverageCapital
102364000 USD
CY2018Q1 us-gaap Capital To Risk Weighted Assets
CapitalToRiskWeightedAssets
0.12 pure
CY2018Q1 us-gaap Common Equity Tier One Capital Ratio
CommonEquityTierOneCapitalRatio
0.1085 pure
CY2018Q1 us-gaap Tier One Risk Based Capital To Risk Weighted Assets
TierOneRiskBasedCapitalToRiskWeightedAssets
0.1085 pure
CY2018Q1 us-gaap Tier One Leverage Capital To Average Assets
TierOneLeverageCapitalToAverageAssets
0.0909 pure
CY2018Q1 us-gaap Capital Required For Capital Adequacy To Risk Weighted Assets
CapitalRequiredForCapitalAdequacyToRiskWeightedAssets
0.08 pure
CY2018Q1 asrv Tier One Risk Based Common Equity Required For Capital Adequacy To Risk Weighted Assets
TierOneRiskBasedCommonEquityRequiredForCapitalAdequacyToRiskWeightedAssets
0.045 pure
CY2018Q1 us-gaap Tier One Risk Based Capital Required For Capital Adequacy To Risk Weighted Assets
TierOneRiskBasedCapitalRequiredForCapitalAdequacyToRiskWeightedAssets
0.06 pure
CY2018Q1 us-gaap Tier One Leverage Capital Required For Capital Adequacy To Average Assets
TierOneLeverageCapitalRequiredForCapitalAdequacyToAverageAssets
0.04 pure
CY2018Q1 us-gaap Capital Required To Be Well Capitalized To Risk Weighted Assets
CapitalRequiredToBeWellCapitalizedToRiskWeightedAssets
0.1 pure
CY2018Q1 asrv Tieroneriskbasedcommonequityrequiredfortobewellcapitalizedtoriskweightedassets
Tieroneriskbasedcommonequityrequiredfortobewellcapitalizedtoriskweightedassets
0.065 pure
CY2018Q1 us-gaap Tier One Risk Based Capital Required To Be Well Capitalized To Risk Weighted Assets
TierOneRiskBasedCapitalRequiredToBeWellCapitalizedToRiskWeightedAssets
0.08 pure
CY2018Q1 us-gaap Tier One Leverage Capital Required To Be Well Capitalized To Average Assets
TierOneLeverageCapitalRequiredToBeWellCapitalizedToAverageAssets
0.05 pure
CY2017Q4 us-gaap Common Equity Tier One Capital
CommonEquityTierOneCapital
99552000 USD
CY2017Q4 us-gaap Tier One Risk Based Capital
TierOneRiskBasedCapital
99552000 USD
CY2017Q4 us-gaap Tier One Leverage Capital
TierOneLeverageCapital
99552000 USD
CY2017Q4 us-gaap Capital To Risk Weighted Assets
CapitalToRiskWeightedAssets
0.1164 pure
CY2017Q4 us-gaap Common Equity Tier One Capital Ratio
CommonEquityTierOneCapitalRatio
0.1047 pure
CY2017Q4 us-gaap Tier One Risk Based Capital To Risk Weighted Assets
TierOneRiskBasedCapitalToRiskWeightedAssets
0.1047 pure
CY2017Q4 us-gaap Tier One Leverage Capital To Average Assets
TierOneLeverageCapitalToAverageAssets
0.0875 pure
CY2017Q4 us-gaap Capital Required For Capital Adequacy To Risk Weighted Assets
CapitalRequiredForCapitalAdequacyToRiskWeightedAssets
0.08 pure
CY2017Q4 asrv Tier One Risk Based Common Equity Required For Capital Adequacy To Risk Weighted Assets
TierOneRiskBasedCommonEquityRequiredForCapitalAdequacyToRiskWeightedAssets
0.045 pure
CY2017Q4 us-gaap Tier One Risk Based Capital Required For Capital Adequacy To Risk Weighted Assets
TierOneRiskBasedCapitalRequiredForCapitalAdequacyToRiskWeightedAssets
0.06 pure
CY2017Q4 us-gaap Tier One Leverage Capital Required For Capital Adequacy To Average Assets
TierOneLeverageCapitalRequiredForCapitalAdequacyToAverageAssets
0.04 pure
CY2017Q4 us-gaap Capital Required To Be Well Capitalized To Risk Weighted Assets
CapitalRequiredToBeWellCapitalizedToRiskWeightedAssets
0.1 pure
CY2017Q4 asrv Tieroneriskbasedcommonequityrequiredfortobewellcapitalizedtoriskweightedassets
Tieroneriskbasedcommonequityrequiredfortobewellcapitalizedtoriskweightedassets
0.065 pure
CY2017Q4 us-gaap Tier One Risk Based Capital Required To Be Well Capitalized To Risk Weighted Assets
TierOneRiskBasedCapitalRequiredToBeWellCapitalizedToRiskWeightedAssets
0.08 pure
CY2017Q4 us-gaap Tier One Leverage Capital Required To Be Well Capitalized To Average Assets
TierOneLeverageCapitalRequiredToBeWellCapitalizedToAverageAssets
0.05 pure
CY2018Q1 invest Derivative Notional Amount
DerivativeNotionalAmount
0 USD
CY2018Q1 asrv Increase Decrease In Interest Expense
IncreaseDecreaseInInterestExpense
0 USD
CY2018Q1 asrv Derivative Instruments Weighted Average Interest Rate Received Paid
DerivativeInstrumentsWeightedAverageInterestRateReceivedPaid
0 pure
CY2018Q1 us-gaap Interest Revenue Expense Net
InterestRevenueExpenseNet
12384000 USD
CY2017Q1 us-gaap Interest Revenue Expense Net
InterestRevenueExpenseNet
12283000 USD
CY2018Q1 asrv Defined Benefit Plan Minimum Number Of Annual Employee Hours
DefinedBenefitPlanMinimumNumberOfAnnualEmployeeHours
1000 pure
CY2018Q1 asrv Defined Benefit Plan Maximum Percent Of Assets Comprised Of Entity Common Stock
DefinedBenefitPlanMaximumPercentOfAssetsComprisedOfEntityCommonStock
0.1 pure
CY2018Q1 us-gaap Derivative Liabilities
DerivativeLiabilities
511000 USD
CY2018Q1 us-gaap Receivables Fair Value Disclosure
ReceivablesFairValueDisclosure
91000 USD
CY2018Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2017Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2018Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
30000000 shares
CY2017Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
30000000 shares
CY2018Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
26596220 shares
CY2018Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
18033401 shares
CY2017Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
26585403 shares
CY2017Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
18128247 shares
CY2018Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
8562819 shares
CY2017Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
8457156 shares
CY2017Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
92000 USD
CY2018Q1 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
405000 USD
CY2017Q1 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
428000 USD
CY2018Q1 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-103000 USD
CY2017Q1 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-126000 USD
CY2018Q1 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
-148000 USD
CY2017Q1 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
27000 USD
CY2018Q1 us-gaap Gain Loss On Sale Of Loans And Leases
GainLossOnSaleOfLoansAndLeases
98000 USD
CY2017Q1 us-gaap Gain Loss On Sale Of Loans And Leases
GainLossOnSaleOfLoansAndLeases
114000 USD
CY2018Q1 us-gaap Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
35000 USD
CY2017Q1 us-gaap Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
51000 USD
CY2018Q1 us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
4061000 USD
CY2017Q1 us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
7583000 USD
CY2018Q1 us-gaap Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
6441000 USD
CY2017Q1 us-gaap Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
8178000 USD
CY2018Q1 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
-48000 USD
CY2017Q1 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
84000 USD
CY2018Q1 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-121000 USD
CY2017Q1 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-139000 USD
CY2018Q1 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
447000 USD
CY2017Q1 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
623000 USD
CY2018Q1 us-gaap Other Amortization Of Deferred Charges
OtherAmortizationOfDeferredCharges
9000 USD
CY2017Q1 us-gaap Other Amortization Of Deferred Charges
OtherAmortizationOfDeferredCharges
10000 USD
CY2017Q1 asrv Gain On Sale Of Securities
GainOnSaleOfSecurities
27000 USD
CY2018Q1 us-gaap Share Based Compensation
ShareBasedCompensation
32000 USD
CY2017Q1 us-gaap Share Based Compensation
ShareBasedCompensation
42000 USD
CY2018Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
1410000 USD
CY2017Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
233000 USD
CY2018Q1 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
13168000 USD
CY2017Q1 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
14195000 USD
CY2018Q1 us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
855000 USD
CY2017Q1 us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
6476000 USD
CY2018Q1 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
4479000 USD
CY2017Q1 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
5653000 USD
CY2018Q1 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
3695000 USD
CY2017Q1 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
6570000 USD
CY2018Q1 us-gaap Proceeds From Sale And Maturity Of Held To Maturity Securities
ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities
917000 USD
CY2017Q1 us-gaap Proceeds From Sale And Maturity Of Held To Maturity Securities
ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities
375000 USD
CY2018Q1 us-gaap Payments To Acquire Federal Home Loan Bank Stock
PaymentsToAcquireFederalHomeLoanBankStock
3924000 USD
CY2017Q1 us-gaap Payments To Acquire Federal Home Loan Bank Stock
PaymentsToAcquireFederalHomeLoanBankStock
4531000 USD
CY2018Q1 us-gaap Payments For Proceeds From Federal Home Loan Bank Stock
PaymentsForProceedsFromFederalHomeLoanBankStock
-4334000 USD
CY2017Q1 us-gaap Payments For Proceeds From Federal Home Loan Bank Stock
PaymentsForProceedsFromFederalHomeLoanBankStock
-3606000 USD
CY2018Q1 us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
28694000 USD
CY2017Q1 us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
50495000 USD
CY2018Q1 us-gaap Proceeds From Principal Repayments On Loans And Leases Held For Investment
ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
44999000 USD
CY2017Q1 us-gaap Proceeds From Principal Repayments On Loans And Leases Held For Investment
ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
37520000 USD
CY2018Q1 us-gaap Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
2000000 USD
CY2017Q1 us-gaap Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
150000 USD
CY2018Q1 us-gaap Proceeds From Sale Of Other Real Estate
ProceedsFromSaleOfOtherRealEstate
12000 USD
CY2017Q1 us-gaap Proceeds From Sale Of Other Real Estate
ProceedsFromSaleOfOtherRealEstate
23000 USD
CY2018Q1 us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
77000 USD
CY2017Q1 us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
702000 USD
CY2018Q1 us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
-3739000 USD
CY2017Q1 us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
-3010000 USD
CY2018Q1 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
-12189000 USD
CY2017Q1 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
20922000 USD
CY2018Q1 us-gaap Proceeds From Federal Home Loan Bank Borrowings
ProceedsFromFederalHomeLoanBankBorrowings
1740000 USD
CY2017Q1 us-gaap Proceeds From Federal Home Loan Bank Borrowings
ProceedsFromFederalHomeLoanBankBorrowings
3500000 USD
CY2018Q1 us-gaap Repayments Of Federal Home Loan Bank Borrowings
RepaymentsOfFederalHomeLoanBankBorrowings
2000000 USD
CY2017Q1 us-gaap Repayments Of Federal Home Loan Bank Borrowings
RepaymentsOfFederalHomeLoanBankBorrowings
3000000 USD
CY2018Q1 us-gaap Payments For Repurchase Of Equity
PaymentsForRepurchaseOfEquity
445000 USD
CY2017Q1 us-gaap Payments For Repurchase Of Equity
PaymentsForRepurchaseOfEquity
992000 USD
CY2018Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
272000 USD
CY2017Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
283000 USD
CY2018Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-3594000 USD
CY2017Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-3057000 USD
CY2016Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
34073000 USD
CY2017Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
31016000 USD
CY2018Q1 us-gaap Loans And Leases Receivable Impaired Nonperforming Nonaccrual Of Interest
LoansAndLeasesReceivableImpairedNonperformingNonaccrualOfInterest
1989000 USD
CY2017Q4 us-gaap Loans And Leases Receivable Impaired Nonperforming Nonaccrual Of Interest
LoansAndLeasesReceivableImpairedNonperformingNonaccrualOfInterest
3016000 USD
CY2018Q1 us-gaap Other Real Estate
OtherRealEstate
168000 USD
CY2017Q4 us-gaap Other Real Estate
OtherRealEstate
18000 USD
CY2018Q1 asrv Troubled Debt Restructuring Modifications Recorded Investment
TroubledDebtRestructuringModificationsRecordedInvestment
0 USD
CY2017Q4 asrv Troubled Debt Restructuring Modifications Recorded Investment
TroubledDebtRestructuringModificationsRecordedInvestment
0 USD
CY2018Q1 asrv Nonperforming Assets Including Trouble Debt Restructurings
NonperformingAssetsIncludingTroubleDebtRestructurings
2157000 USD
CY2017Q4 asrv Nonperforming Assets Including Trouble Debt Restructurings
NonperformingAssetsIncludingTroubleDebtRestructurings
3034000 USD
CY2018Q1 us-gaap Loans And Leases Receivable Ratio Of Nonperforming Loans To All Loans
LoansAndLeasesReceivableRatioOfNonperformingLoansToAllLoans
0.0025 pure
CY2017Q4 us-gaap Loans And Leases Receivable Ratio Of Nonperforming Loans To All Loans
LoansAndLeasesReceivableRatioOfNonperformingLoansToAllLoans
0.0034 pure
CY2018Q1 us-gaap Number Of Stores
NumberOfStores
15 pure
CY2018Q1 us-gaap Assets Held In Trust
AssetsHeldInTrust
2200000000 USD
CY2018Q1 us-gaap Federal Home Loan Bank Advances Maturities Summary Due From Two To Three Years Of Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryDueFromTwoToThreeYearsOfBalanceSheetDate
12500000 USD
CY2018Q1 us-gaap Federal Home Loan Bank Advances Maturities Summary Due From Three To Four Years Of Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryDueFromThreeToFourYearsOfBalanceSheetDate
16729000 USD
CY2018Q1 us-gaap Federal Home Loan Bank Advances Maturities Summary Due From Four To Five Years Of Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryDueFromFourToFiveYearsOfBalanceSheetDate
6000000 USD
CY2018Q1 us-gaap Federal Home Loan Bank Advances Maturities Summary Due After Five Years Of Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryDueAfterFiveYearsOfBalanceSheetDate
740000 USD
CY2018Q1 us-gaap Federal Home Loan Bank Advances Maturities Summary Average Interest Rate Two To Three Years From Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryAverageInterestRateTwoToThreeYearsFromBalanceSheetDate
0.0151 pure
CY2018Q1 us-gaap Federal Home Loan Bank Advances Maturities Summary Average Interest Rate Three To Four Years From Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryAverageInterestRateThreeToFourYearsFromBalanceSheetDate
0.0174 pure
CY2018Q1 us-gaap Federal Home Loan Bank Advances Maturities Summary Average Interest Rate Four To Five Years From Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryAverageInterestRateFourToFiveYearsFromBalanceSheetDate
0.0190 pure
CY2018Q1 us-gaap Federal Home Loan Bank Advances Maturities Summary Average Interest Rate After Five Years From Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryAverageInterestRateAfterFiveYearsFromBalanceSheetDate
0.0260 pure
CY2017Q4 us-gaap Federal Home Loan Bank Advances Maturities Summary Due From Two To Three Years Of Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryDueFromTwoToThreeYearsOfBalanceSheetDate
12500000 USD
CY2017Q4 us-gaap Federal Home Loan Bank Advances Maturities Summary Due From Three To Four Years Of Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryDueFromThreeToFourYearsOfBalanceSheetDate
16729000 USD
CY2017Q4 us-gaap Federal Home Loan Bank Advances Maturities Summary Due From Four To Five Years Of Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryDueFromFourToFiveYearsOfBalanceSheetDate
5000000 USD
CY2017Q4 us-gaap Federal Home Loan Bank Advances Maturities Summary Average Interest Rate Two To Three Years From Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryAverageInterestRateTwoToThreeYearsFromBalanceSheetDate
0.0151 pure
CY2017Q4 us-gaap Federal Home Loan Bank Advances Maturities Summary Average Interest Rate Three To Four Years From Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryAverageInterestRateThreeToFourYearsFromBalanceSheetDate
0.0174 pure
CY2017Q4 us-gaap Federal Home Loan Bank Advances Maturities Summary Average Interest Rate Four To Five Years From Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryAverageInterestRateFourToFiveYearsFromBalanceSheetDate
0.0175 pure
CY2018Q1 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
30594000 USD
CY2018Q1 asrv Available For Sale Securities Fair Values Disclosure
AvailableForSaleSecuritiesFairValuesDisclosure
132390000 USD
CY2018Q1 us-gaap Federal Home Loan Bank Stock And Federal Reserve Bank Stock
FederalHomeLoanBankStockAndFederalReserveBankStock
6390000 USD
CY2018Q1 asrv Regulatory Assets Fair Value Disclosure
RegulatoryAssetsFairValueDisclosure
6390000 USD
CY2018Q1 us-gaap Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
862000 USD
CY2018Q1 us-gaap Loans Receivable Fair Value Disclosure
LoansReceivableFairValueDisclosure
850224000 USD
CY2018Q1 us-gaap Accounts Receivable Fair Value Disclosure
AccountsReceivableFairValueDisclosure
3555000 USD
CY2018Q1 us-gaap Credit Risk Derivative Assets At Fair Value
CreditRiskDerivativeAssetsAtFairValue
511000 USD
CY2018Q1 us-gaap Derivative Assets
DerivativeAssets
511000 USD
CY2018Q1 asrv Deposits With No Stated Maturities Fair Value Disclosure
DepositsWithNoStatedMaturitiesFairValueDisclosure
682946000 USD
CY2018Q1 asrv Deposits With Stated Maturities Fair Value Disclosure
DepositsWithStatedMaturitiesFairValueDisclosure
261070000 USD
CY2018Q1 us-gaap Federal Home Loan Bank Borrowings Fair Value Disclosure
FederalHomeLoanBankBorrowingsFairValueDisclosure
36895000 USD
CY2018Q1 asrv Debt And Capital Lease Obligations Fair Value Disclosure
DebtAndCapitalLeaseObligationsFairValueDisclosure
68894000 USD
CY2018Q1 us-gaap Accounts Payable And Accrued Liabilities Fair Value Disclosure
AccountsPayableAndAccruedLiabilitiesFairValueDisclosure
1633000 USD
CY2018Q1 asrv Deposits With No Stated Maturities
DepositsWithNoStatedMaturities
682946000 USD
CY2018Q1 asrv Deposits With Stated Maturities
DepositsWithStatedMaturities
261260000 USD
CY2018Q1 us-gaap Other Borrowings
OtherBorrowings
66366000 USD
CY2018Q1 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
1633000 USD
CY2018Q1 us-gaap Credit Risk Derivative Liabilities At Fair Value
CreditRiskDerivativeLiabilitiesAtFairValue
511000 USD
CY2017Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
34188000 USD
CY2017Q4 asrv Available For Sale Securities Fair Values Disclosure
AvailableForSaleSecuritiesFairValuesDisclosure
129138000 USD
CY2017Q4 asrv Regulatory Assets Fair Value Disclosure
RegulatoryAssetsFairValueDisclosure
6800000 USD
CY2017Q4 us-gaap Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
3173000 USD
CY2017Q4 us-gaap Loans Receivable Fair Value Disclosure
LoansReceivableFairValueDisclosure
873784000 USD
CY2017Q4 us-gaap Accounts Receivable Fair Value Disclosure
AccountsReceivableFairValueDisclosure
3603000 USD
CY2017Q4 us-gaap Credit Risk Derivative Assets At Fair Value
CreditRiskDerivativeAssetsAtFairValue
92000 USD
CY2017Q4 asrv Deposits With No Stated Maturities Fair Value Disclosure
DepositsWithNoStatedMaturitiesFairValueDisclosure
688648000 USD
CY2017Q4 asrv Deposits With Stated Maturities Fair Value Disclosure
DepositsWithStatedMaturitiesFairValueDisclosure
260153000 USD
CY2017Q4 us-gaap Federal Home Loan Bank Borrowings Fair Value Disclosure
FederalHomeLoanBankBorrowingsFairValueDisclosure
49084000 USD
CY2017Q4 asrv Debt And Capital Lease Obligations Fair Value Disclosure
DebtAndCapitalLeaseObligationsFairValueDisclosure
69684000 USD
CY2017Q4 us-gaap Accounts Payable And Accrued Liabilities Fair Value Disclosure
AccountsPayableAndAccruedLiabilitiesFairValueDisclosure
1754000 USD
CY2017Q4 us-gaap Credit Risk Derivative Liabilities At Fair Value
CreditRiskDerivativeLiabilitiesAtFairValue
92000 USD
CY2017Q4 us-gaap Federal Home Loan Bank Stock And Federal Reserve Bank Stock
FederalHomeLoanBankStockAndFederalReserveBankStock
6800000 USD
CY2017Q4 us-gaap Derivative Assets
DerivativeAssets
92000 USD
CY2017Q4 asrv Deposits With No Stated Maturities
DepositsWithNoStatedMaturities
688648000 USD
CY2017Q4 asrv Deposits With Stated Maturities
DepositsWithStatedMaturities
259297000 USD
CY2017Q4 us-gaap Other Borrowings
OtherBorrowings
66617000 USD
CY2017Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
1754000 USD
CY2018Q1 asrv Assets And Liabilities Considered Financial Instruments Percentage
AssetsAndLiabilitiesConsideredFinancialInstrumentsPercentage
0.9 pure
CY2017Q4 us-gaap Receivables Fair Value Disclosure
ReceivablesFairValueDisclosure
850000 USD
CY2018Q1 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
117000 USD
CY2017Q1 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
-18000 USD
CY2018Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
308000 USD
CY2017Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
260000 USD
CY2018Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax
-82000 USD
CY2017Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax
-135000 USD
CY2018Q1 asrv Derivative Notional Amount Outstanding
DerivativeNotionalAmountOutstanding
500000000 USD
CY2017Q1 asrv Increase Decrease In Interest Expense
IncreaseDecreaseInInterestExpense
0 USD
CY2017Q1 asrv Derivative Instruments Weighted Average Interest Rate Received Paid
DerivativeInstrumentsWeightedAverageInterestRateReceivedPaid
0 pure
CY2017Q1 invest Derivative Notional Amount
DerivativeNotionalAmount
0 USD
CY2018Q1 dei Document Type
DocumentType
10-Q
CY2018Q1 dei Amendment Flag
AmendmentFlag
false
CY2018Q1 dei Document Period End Date
DocumentPeriodEndDate
2018-03-31
CY2018Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2018
CY2018Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2018Q1 dei Entity Registrant Name
EntityRegistrantName
AMERISERV FINANCIAL INC /PA/
CY2018Q1 dei Entity Central Index Key
EntityCentralIndexKey
0000707605
CY2018Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2018Q1 dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
CY2018Q1 dei Trading Symbol
TradingSymbol
ASRV
CY2018Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
18033401 shares
CY2018Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
3593000 USD
CY2017Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
2608000 USD
CY2018Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
9718000 USD
CY2017Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-22802000 USD
CY2018Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-16905000 USD
CY2017Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
17137000 USD
CY2018Q1 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
835000 USD
CY2017Q4 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
909000 USD
CY2018Q1 us-gaap Allowance For Loan And Lease Losses Writeoffs Net
AllowanceForLoanAndLeaseLossesWriteoffsNet
332000 USD
CY2018Q1 asrv Allowance For Loan And Lease Losses Write Off Percentage
AllowanceForLoanAndLeaseLossesWriteOffPercentage
0.0015 pure
CY2017Q1 us-gaap Allowance For Loan And Lease Losses Writeoffs Net
AllowanceForLoanAndLeaseLossesWriteoffsNet
77000 USD
CY2017Q1 asrv Allowance For Loan And Lease Losses Write Off Percentage
AllowanceForLoanAndLeaseLossesWriteOffPercentage
0.0004 pure
CY2018Q1 asrv Debt Instrument Non Performing Assets
DebtInstrumentNonPerformingAssets
2200000 USD
CY2018Q1 asrv Percentage For Total Loans
PercentageForTotalLoans
0.0025 pure
CY2018Q1 asrv Percentage Of Allowance For Non Performing Loans
PercentageOfAllowanceForNonPerformingLoans
4.6 pure
CY2018Q1 asrv Percentage Of Allowance For Total Loans
PercentageOfAllowanceForTotalLoans
0.0114 pure
CY2017Q4 asrv Percentage Of Allowance For Non Performing Loans
PercentageOfAllowanceForNonPerformingLoans
3.37 pure
CY2017Q4 asrv Percentage Of Allowance For Total Loans
PercentageOfAllowanceForTotalLoans
0.0115 pure
CY2018Q1 us-gaap Cash Surrender Value Fair Value Disclosure
CashSurrenderValueFairValueDisclosure
37992000 USD
CY2017Q4 us-gaap Cash Surrender Value Fair Value Disclosure
CashSurrenderValueFairValueDisclosure
37860000 USD
CY2018Q1 us-gaap Tangible Capital To Tangible Assets
TangibleCapitalToTangibleAssets
0.0736 pure
CY2018Q1 us-gaap Noninterest Income Other
NoninterestIncomeOther
566000 USD
CY2017Q1 us-gaap Noninterest Income Other
NoninterestIncomeOther
540000 USD
CY2018Q1 asrv Noninterest Income In Scope Of606
NoninterestIncomeInScopeOf606
3227000 USD
CY2017Q1 asrv Noninterest Income In Scope Of606
NoninterestIncomeInScopeOf606
3080000 USD
CY2018Q1 asrv Noninterest Income Out Of Scope Of606
NoninterestIncomeOutOfScopeOf606
408000 USD
CY2017Q1 asrv Noninterest Income Out Of Scope Of606
NoninterestIncomeOutOfScopeOf606
482000 USD
CY2018Q1 asrv Incremental Common Shares Attributable To Stock Options
IncrementalCommonSharesAttributableToStockOptions
102000 shares
CY2017Q1 asrv Incremental Common Shares Attributable To Stock Options
IncrementalCommonSharesAttributableToStockOptions
108000 shares
CY2017Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Net Unamortized Gain Loss Arising During Period Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansNetUnamortizedGainLossArisingDuringPeriodBeforeTax
395000 USD
CY2018Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Net Unamortized Gain Loss Arising During Period Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansNetUnamortizedGainLossArisingDuringPeriodBeforeTax
390000 USD
CY2018Q1 us-gaap Basis Of Accounting
BasisOfAccounting
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <h2 style="TEXT-ALIGN: left; PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 0pt; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: bold 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 5pt"> 2. Basis of Preparation</h2> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 20px; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt" align="left">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.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;PADDING-BOTTOM: 3pt; TEXT-TRANSFORM: none; TEXT-INDENT: 20px; MARGIN: 0pt; PADDING-LEFT: 4px; PADDING-RIGHT: 0pt; FONT: 10pt/12pt Times New Roman, Times, Serif; PADDING-TOP: 3pt" align="left">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, 2017.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>

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