Company:  AMERISERV FINANCIAL INC / ... (ASRV)
Form Type:  10-Q
Filing Date:  5/10/2019 
CIK:  0000707605 
Address:  MAIN & FRANKLIN STS
PO BOX 430
 
City, State, Zip:  JOHNSTOWN, Pennsylvania 15907 
Telephone:  (814) 533-5300 
Fiscal Year:  12/31 
Last Trade
Last Trade: 
$3.91  
Change: 
0.00 (0.00%)  
Trade Time: 
Aug 17  
Market Cap: 
$66.90M
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Description of Business
AmeriServ Financial, Inc. (the Company) is a bank holding company organized under the Pennsylvania Business Corporation Law. The Company became a holding company upon acquiring all of the outstanding shares of AmeriServ Financial Bank (the Bank) in January 1983. The Company's other wholly owned subsidiary is AmeriServ Trust and Financial Services Company (the Trust Company) which was formed in October 1992. AmeriServ Life Insurance Company (AmeriServ Life), formed in October 1987, was a captive insurance company that engaged in underwriting as a reinsurer of credit life and disability insurance. New business ceased being generated by AmeriServ Life in 2005. Since that time, the outstanding insurance policies have been running off and the final policy has expired. On September 30, 2020, the Arizona Corporation Commission approved the Articles of Dissolution for AmeriServ Life. The remaining assets of AmeriServ Life were transferred to AmeriServ Financial, Inc.
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  FORM 10-Q
    PART I
      FINANCIAL STATEMENTS
        INCOME STATEMENT
        INCOME STATEMENT
        STOCKHOLDERS EQUITY
        CASH FLOW
        CASH FLOW
        NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
      Item 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL ...
      Item 3.....QUANTITATIVE AND QUALITATIVE DISCLOSURE ABOUT ...
    Part II Other Information
      Item 1. Legal Proceedings
      Item 3. Defaults Upon Senior Securities
      Item 4. Mine Safety Disclosures
      Item 5. Other Information
      Item 6. Exhibits
  EXHIBIT 15.1
  EXHIBIT 15.2
  EXHIBIT 31.1
    CERTIFICATION OF THE CHIEF EXECUTIVE OFFICER
  EXHIBIT 31.2
    CERTIFICATION OF THE CHIEF FINANCIAL OFFICER
  EXHIBIT 32.1
    CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350
  EXHIBIT 32.2
    CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350