<SEC-DOCUMENT>0000707605-12-000116.txt : 20121016
<SEC-HEADER>0000707605-12-000116.hdr.sgml : 20121016
<ACCEPTANCE-DATETIME>20121016082113
ACCESSION NUMBER:		0000707605-12-000116
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20121016
ITEM INFORMATION:		Results of Operations and Financial Condition
FILED AS OF DATE:		20121016
DATE AS OF CHANGE:		20121016

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AMERISERV FINANCIAL INC /PA/
		CENTRAL INDEX KEY:			0000707605
		STANDARD INDUSTRIAL CLASSIFICATION:	NATIONAL COMMERCIAL BANKS [6021]
		IRS NUMBER:				251424278
		STATE OF INCORPORATION:			PA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-11204
		FILM NUMBER:		121145051

	BUSINESS ADDRESS:	
		STREET 1:		MAIN & FRANKLIN STS
		STREET 2:		PO BOX 430
		CITY:			JOHNSTOWN
		STATE:			PA
		ZIP:			15907
		BUSINESS PHONE:		8145335300

	MAIL ADDRESS:	
		STREET 1:		MAIN & FRANKLIN STS
		STREET 2:		PO BOX 430
		CITY:			JOHNSTOWN
		STATE:			PA
		ZIP:			15907
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>sep128k.htm
<DESCRIPTION>PRESS RELEASE ANNOUNCING EARNINGS FOR 3RD QTR & YTD 9-30-12
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<P style="margin:0px; font-family:Courier New">SECURITIES AND EXCHANGE COMMISSION</P>
<P style="margin:0px; font-family:Courier New">Washington, D.C. &nbsp;20549</P>
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<P style="margin:0px; font-family:Courier New">Form 8-K</P>
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<P style="margin:0px; font-family:Courier New">Current Report </P>
<P style="margin:0px; font-family:Courier New">Pursuant to Section 13 or 15(d) of the Securities Act of 1934</P>
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<P style="margin:0px; font-family:Courier New">Date of Report (Date of earliest event reported) October 16<A NAME="QuickMark"></A>, 2012</P>
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<P style="margin:0px; font-family:Courier New">AMERISERV FINANCIAL, Inc.</P>
<P style="margin:0px; font-family:Courier New">(exact name of registrant as specified in its charter)</P>
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<P style="margin:0px; font-family:Courier New">Pennsylvania &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0-11204 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25-1424278</P>
<P style="margin:0px; font-family:Courier New">(State or other &nbsp;&nbsp;&nbsp;&nbsp;(commission &nbsp;&nbsp;&nbsp;(I.R.S. Employer</P>
<P style="margin:0px; font-family:Courier New">jurisdiction &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;File Number) &nbsp;&nbsp;Identification No.)</P>
<P style="margin:0px; font-family:Courier New">of Incorporation)</P>
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<P style="margin:0px; font-family:Courier New">Main and Franklin Streets, Johnstown, Pa. &nbsp;15901</P>
<P style="margin:0px; font-family:Courier New">(address or principal executive offices) &nbsp;&nbsp;(Zip Code)</P>
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<P style="margin:0px; font-family:Courier New">Registrant's telephone number, including area code: 814-533-5300</P>
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<P style="margin:0px; font-family:Courier New">N/A</P>
<P style="margin:0px; font-family:Courier New" align=justify>(Former name or former address, if changed since last report.)</P>
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<P style="margin:0px; font-family:Courier New" align=justify>Check the appropriate box below if the Form 8-K filing is intended to </P>
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<P style="margin:0px; font-family:Courier New" align=justify>( ) Written communications pursuant to Rule 425 under the Securities </P>
<P style="margin:0px; font-family:Courier New" align=justify>Act (17 CFR 230.425)</P>
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<P style="margin:0px; font-family:Courier New" align=justify>( ) Soliciting material pursuant to Rule 14a-12 under the Exchange</P>
<P style="margin:0px; font-family:Courier New" align=justify>Act (17 CFR 240.14a-12)</P>
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<P style="margin:0px; font-family:Courier New" align=justify>( ) Pre-commencement communications pursuant to Rule 14d-2(b) under the</P>
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<P style="margin:0px; font-family:Courier New" align=justify>( ) Pre-commencement communications pursuant to Rule 13e-4(c) under the </P>
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<P style="margin:0px; text-indent:280px; font-family:Courier New" align=justify>Form 8-K</P>
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<P style="margin:0px; font-family:Courier New" align=justify>Item 2.02 Results of operation and financial condition.</P>
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<P style="margin:0px; text-indent:48px; font-family:Courier New" align=justify>AMERISERV FINANCIAL Inc. (the &quot;Registrant&quot;) announced third quarter and first nine month results through September 30, 2012. &nbsp;For a more detailed description of the announcement see the press release attached as Exhibit #99.1. &nbsp;</P>
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<P style="margin:0px; font-family:Courier New" align=justify>Exhibits</P>
<P style="margin:0px; font-family:Courier New" align=justify>--------</P>
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<P style="margin-top:0px; margin-bottom:-16px; padding-left:144px; text-indent:-144px; font-family:Courier New" align=justify>Exhibit 99.1</P>
<P style="margin:0px; padding-left:144px; font-family:Courier New" align=justify>Press release dated October 16, 2012, announcing the third quarter and first nine month results through September 30, 2012. </P>
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<P style="margin:0px; text-indent:48px; font-family:Courier New" align=justify>Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>
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<P style="margin:0px; font-family:Courier New" align=justify>AMERISERV FINANCIAL, Inc.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; font-family:Courier New" align=justify>By /s/Jeffrey A. Stopko</P>
<P style="margin:0px; font-family:Courier New" align=justify>Jeffrey A. Stopko</P>
<P style="margin:0px; font-family:Courier New" align=justify>Executive Vice President</P>
<P style="margin:0px; font-family:Courier New" align=justify>&amp; CFO</P>
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<P style="margin:0px; font-family:Courier New" align=justify>Date: October 16, 2012 </P>
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<P style="line-height:14pt; margin:0px; font-size:12pt">Exhibit 99.1</P>
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<P style="line-height:16pt; margin:0px; padding-left:48px; padding-right:19.2px; font-size:14pt"><B>AMERISERV FINANCIAL REPORTS EARNINGS FOR THE THIRD QUARTER AND FIRST NINE MONTHS OF 2012 &nbsp;&nbsp;&nbsp;&nbsp;</B></P>
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<P style="margin:0px; padding-left:48px; padding-right:19.2px" align=justify>JOHNSTOWN, PA &#150; AmeriServ Financial, Inc. (NASDAQ: ASRV) reported third quarter 2012 net income available to common shareholders of $1,056,000 or $0.05 per diluted common share. &nbsp;This performance is consistent with the financial results reported for the third quarter of 2011. &nbsp;For the nine month period ended September 30, 2012, the Company reported net income available to common shareholders of $3,528,000 or $0.18 per diluted share. &nbsp;While net income available to common shareholders for the nine month period was down by $120,000 or 3.3%, compared to the same period in 2011, diluted earnings per share increased by $0.01 or 5.9% due to the success of the Company&#146;s common stock repurchase program. &nbsp;The sustained improvements in asset quality continued to result in a negative provision for loan losses in 2012, but at a lesser level than in 2011. &nbsp;This is the factor causing the reduction in net income for both the third quarter and nine month period of 2012. &nbsp;The following table highlights the Company&#146;s financial performance for both the three and nine month periods ended September 30, 2012: &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
<P style="line-height:14pt; margin:0px; padding-left:48px; padding-right:19.2px; font-family:Courier New; font-size:12pt" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
<TABLE style="font-size:10pt" cellspacing=0><TR style="font-size:0"><TD width=183.2></TD><TD width=120></TD><TD width=120></TD><TD width=16></TD><TD width=144></TD><TD width=144></TD></TR>
<TR><TD style="border:1px solid #000000" valign=top width=183.2><P>&nbsp;</P></TD><TD style="border-top:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=120><P style="margin:0px" align=center>Third Quarter 2012</P>
</TD><TD style="border-top:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=120><P style="margin:0px" align=center>Third Quarter 2011</P>
</TD><TD style="border-top:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=16><P>&nbsp;</P></TD><TD style="border-top:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=144><P style="margin:0px" align=center>Nine Months Ended</P>
<P style="margin:0px" align=center>September 30, 2012</P>
</TD><TD style="border-top:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=144><P style="margin:0px" align=center>Nine Months Ended</P>
<P style="margin:0px" align=center>September 30, 2011 </P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=183.2><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=120><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=120><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=16><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=144><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=144><P>&nbsp;</P></TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=183.2><P style="margin:0px">Net income </P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=120><P style="margin:0px" align=right>$1,307,000 </P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=120><P style="margin:0px" align=right>$1,566,000</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=16><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=144><P style="margin:0px" align=right>$4,304,000</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=144><P style="margin:0px" align=right>$4,767,000</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=183.2><P style="margin:0px">Net income available to </P>
<P style="margin:0px">&nbsp;&nbsp;common shareholders</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=120><P style="margin:0px" align=right><BR></P>
<P style="margin:0px" align=right>$1,056,000</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=120><P style="margin:0px" align=right><BR></P>
<P style="margin:0px" align=right>$1,027,000</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=16><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=144><P style="margin:0px" align=right><BR></P>
<P style="margin:0px" align=right>$3,528,000</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=144><P style="margin:0px" align=right><BR></P>
<P style="margin:0px" align=right>$3,648,000</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=183.2><P style="margin:0px">Diluted earnings per share</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=120><P style="margin:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$ 0.05</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=120><P style="margin:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$ 0.05</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=16><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=144><P style="margin:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$ 0.18</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=144><P style="margin:0px" align=right>$0.17</P>
</TD></TR>
</TABLE>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; padding-left:48px; padding-right:19.2px; text-indent:48px" align=justify>Glenn L. Wilson, President and Chief Executive Officer, commented on the third quarter 2012 financial results: &#147;AmeriServ Financial was able to report a sixth consecutive quarter of loan growth during the third quarter of 2012 and now exceeds $1 billion in total assets. &nbsp;This loan growth helped us increase our net interest income by over $200,000 and maintain a stable net interest margin on a linked quarter basis, despite the challenging interest rate environment. &nbsp;I was pleased that our recently opened loan production offices are now contributing to the loan increase we have achieved in 2012. &nbsp;Additionally, this loan growth has occurred in loan categories that qualify for the Small Business Lending Fund (SBLF). &nbsp;As a result, we will pay the lowest preferred share dividend rate available under the SBLF program for at least two consecutive quarters beginning in the fourth quarter of 2012. &nbsp;This will have a positive impact on the key shareholder value metrics of earnings per share and tangible book value per share in future quarters.&#148; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
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<P style="margin:0px; padding-left:48px; padding-right:19.2px; text-indent:48px" align=justify>The Company&#146;s net interest income has been relatively consistent this year as it increased by $24,000 or 0.3% in the third quarter of 2012 from the prior year&#146;s third quarter and for the first nine months of 2012 decreased by only $49,000 or 0.2% when compared to the first nine months of 2011. &nbsp;The Company&#146;s 2012 net interest margin of 3.63% was seven basis points lower than the net interest margin of 3.70% for the first nine months of 2011. &nbsp;The decreased net interest margin reflects the challenges of a flatter yield curve which has pressured interest revenue in 2012. &nbsp;The Company has been able to overcome this net interest margin pressure and keep net interest income relatively constant by reducing its cost of funds and growing its earning assets, particularly loans. &nbsp;Specifically, total loans outstanding have increased for six consecutive quarters and now are $39.2 million or 5.9% higher than they were at September 30, 2011. &nbsp;This loan growth reflects the successful results of the Company&#146;s more intensive sales calling efforts with an emphasis on generating commercial loans and owner occupied commercial real estate loans which qualify as Small Business Lending Fund loans, particularly through its new loan production offices. &nbsp;Despite this growth in loans, total interest revenue dropped by $1.6 million between years and reflects the lower interest rate environment and flatter yield curve. &nbsp;Interest revenue has also been negatively impacted by increased premium amortization on mortgage backed securities due to faster mortgage prepayment speeds. &nbsp;However, careful management of funding costs has allowed the Company to mitigate a significant portion of this drop in interest revenue during the past year. &nbsp;Specifically, interest expense in the first nine months of 2012 declined by $1.5 million from the same prior year period due to the Company&#146;s proactive efforts to reduce deposit and borrowing costs. &nbsp;Even with this reduction in deposit costs, the Company still experienced solid growth in deposits which increased by $22.8 million or 2.8% over the past 12 months. &nbsp;The Company continues to maintain strong liquidity as evidenced by a loan to deposit ratio of 83.1% at September 30, 2012. &nbsp;&nbsp;</P>
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<P style="margin:0px; padding-left:48px; padding-right:19.2px; text-indent:48px" align=justify>Sustained improvements in asset quality evidenced by low levels of non-performing assets, net charge-offs, and classified loans allowed the Company to again reverse a portion of the allowance for loan losses into earnings in the third quarter of 2012 while still maintaining strong coverage ratios. &nbsp;At September 30, 2012, non-performing assets totaled $5.4 million or 0.77% of total loans. &nbsp;This represents the fifth consecutive quarter where non-performing assets have been near the $5 million level. &nbsp;Criticized and classified loans also dropped by $11 million or 20.7% during the past 12 months. &nbsp;Actual credit losses realized through net charge-offs have also declined in 2012 for both the third quarter and nine month periods. &nbsp;For the first nine months of 2012, net charge-offs totaled $470,000 or 0.09% of total loans which represents a decrease from the first nine months of 2011 when net charge-offs totaled $1.4 million or 0.28% of total loans. &nbsp;As a result of this sustained asset quality improvement, the Company recorded a negative provision for loan losses of $200,000 in the third quarter of 2012 compared to a negative provision of $550,000 in the third quarter of 2011. &nbsp;For the nine month period in 2012, the negative provision amounted to $1,325,000 compared to a $2,325,000 credit provision in the first nine months of 2011. &nbsp;Overall, there has been $1.0 million less earnings benefit from negative loan loss provisions in 2012. &nbsp;When determining the provision for loan losses, the Company considers a number of factors some of which include periodic credit reviews, non-performing asset, loan delinquency and charge-off trends, concentrations of credit, loan volume trends and broader local and national economic trends. &nbsp;In summary, the allowance for loan losses provided 282% coverage of non-performing loans, and was 1.83% of total loans, at September 30, 2012, compared to 288% of non-performing loans, and 2.18% of total loans, at December 31, 2011. </P>
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<P style="margin:0px; padding-left:48px; padding-right:19.2px; text-indent:48px" align=justify>The Company&#146;s growth in non-interest income has also been a financial performance highlight in 2012. &nbsp;Total non-interest income in the third quarter of 2012 increased by $125,000 or 3.5% from the prior year&#146;s third quarter and for the first nine months of 2012 increased by $973,000 or 9.6% when compared to the first nine months of 2011. &nbsp;The 2012 non-interest income increase was driven by increased revenue from residential mortgage banking activities. &nbsp;Specifically, gains realized on residential mortgage loan sales into the secondary market increased by $76,000 for the third quarter and by $186,000 for the nine month period due to increased mortgage loan production in 2012. &nbsp;Higher fees related to residential mortgage banking activities along with increased revenue from financial services (annuity and mutual funds sales) were the key factors responsible for the $159,000 quarterly increase and $377,000 nine month increase in other income in 2012. &nbsp;Also for the nine month period, our Trust Company continued its positive momentum with trust fees increasing by $115,000 or 2.4% as our wealth management businesses benefited from the implementation of new fee schedules and improved asset values under management in 2012. &nbsp;Finally, the Company realized a modest $12,000 investment security gain in 2012 compared to a $358,000 investment security loss in the first quarter of 2011 that resulted from a portfolio repositioning strategy. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
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<P style="margin:0px; padding-left:48px; padding-right:19.2px; text-indent:48px" align=justify>Total non-interest expense in the third quarter of 2012 increased by $205,000 from the prior year&#146;s third quarter and for the first nine months of 2012 increased by $590,000 or 2.0% when compared to the first nine months of 2011. &nbsp;Salaries and employee benefits increased by $430,000 for the third quarter and $1.3 million or 7.9% for the nine month period due to higher salaries expense, incentive compensation, and pension expense. &nbsp;The 2012 personnel expenses also reflect the staffing costs associated with new loan production offices in Altoona, Harrisburg and Hagerstown, Maryland. &nbsp;Other expenses also increased by $152,000 for the nine month period due to an increase in the reserve for unfunded loan commitments as result of increased commercial loan origination activity in 2012 and higher business development related expenses. &nbsp;These negative items were partially offset by a $158,000 reduction in FDIC deposit insurance expense for the third quarter of 2012 and an $837,000 reduction for the nine month period. &nbsp;This reduction resulted from a change in the calculation methodology which took effect in the second half of 2011 and the Company&#146;s improved risk profile resulting primarily from better asset quality. &nbsp;Finally, the Company recorded an income tax expense of $1.9 million or an effective tax rate of 31.0% for the first nine months of 2012 which was comparable with the income tax expense of $2.1 million or an effective tax rate of 30.9% for the first nine months of 2011. &nbsp;The quarterly effective tax rates were also comparable with the nine month average.</P>
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<P style="margin:0px; padding-left:48px; padding-right:19.2px; text-indent:48px" align=justify>ASRV had total assets of $1.0 billion and shareholders&#146; equity of $112 million or a book value of $4.74 per common share and a tangible book value of $4.09 per common share at September 30, 2012. &nbsp;During the first nine months of 2012, the Company repurchased 1,667,000 shares or 8.0% of its outstanding common stock at an average price of $2.49 in conjunction with the terms of its previously announced common stock repurchase program. &nbsp;This was a key factor contributing to an 8.8% growth in tangible book value per share since the end of 2011. &nbsp;The Company continued to maintain strong capital ratios that considerably exceed the regulatory defined well capitalized status with a risk based capital ratio of 16.26%, an asset leverage ratio of 11.45% and a tangible common equity to tangible assets ratio of 7.95% at September 30, 2012. &nbsp;</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; padding-left:48px; padding-right:19.2px; text-indent:48px" align=justify>This news release may contain forward-looking statements that involve risks and uncertainties, as defined in the Private Securities Litigation Reform Act of 1995, including the risks detailed in the Company's Annual Report and Form 10-K to the Securities and Exchange Commission. &nbsp;Actual results may differ materially. &nbsp;</P>
<P style="margin:0px" align=center>Nasdaq: ASRV</P>
<P style="margin:0px" align=center>SUPPLEMENTAL FINANCIAL PERFORMANCE DATA </P>
<P style="margin:0px" align=center>September 30, 2012</P>
<P style="margin:0px" align=center>(In thousands, except per share and ratio data)</P>
<P style="margin:0px" align=center>(Unaudited)</P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px; padding-left:38.4px; text-indent:276.933px">2012</P>
<TABLE style="font-size:10pt" cellspacing=0><TR style="font-size:0"><TD width=240></TD><TD width=72></TD><TD width=78></TD><TD width=78></TD><TD width=78></TD></TR>
<TR><TD valign=top width=240><P>&nbsp;</P></TD><TD valign=top width=72><P style="line-height:11pt; margin:0px; font-size:9pt" align=center>1QTR</P>
</TD><TD valign=top width=78><P style="line-height:11pt; margin:0px; font-size:9pt" align=center>2QTR</P>
</TD><TD valign=top width=78><P style="line-height:11pt; margin:0px; font-size:9pt" align=center>3QTR</P>
</TD><TD valign=top width=78><P style="line-height:11pt; margin:0px; font-size:9pt" align=center>YEAR</P>
</TD></TR>
<TR><TD valign=top width=240><P>&nbsp;</P></TD><TD valign=top width=72><P>&nbsp;</P></TD><TD valign=top width=78><P>&nbsp;</P></TD><TD valign=top width=78><P>&nbsp;</P></TD><TD valign=top width=78><P style="line-height:11pt; margin:0px; font-size:9pt" align=center>TO DATE</P>
</TD></TR>
<TR><TD valign=top width=240><P style="line-height:11pt; margin:0px; font-size:9pt">PERFORMANCE DATA FOR THE PERIOD:</P>
</TD><TD valign=top width=72><P>&nbsp;</P></TD><TD valign=top width=78><P>&nbsp;</P></TD><TD valign=top width=78><P>&nbsp;</P></TD><TD valign=top width=78><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=240><P style="line-height:11pt; margin:0px; font-size:9pt">Net income </P>
</TD><TD valign=top width=72><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>$1,565</P>
</TD><TD valign=top width=78><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>$1,432</P>
</TD><TD valign=top width=78><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>$1,307</P>
</TD><TD valign=top width=78><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>$4,304</P>
</TD></TR>
<TR><TD valign=top width=240><P style="line-height:11pt; margin:0px; font-size:9pt">Net income available to common</P>
<P style="line-height:11pt; margin:0px; font-size:9pt">&nbsp;&nbsp;&nbsp;&nbsp;shareholders </P>
</TD><TD valign=top width=72><P style="margin:0px" align=right><BR></P>
<P style="line-height:11pt; margin:0px; font-size:9pt" align=right>1,302</P>
</TD><TD valign=top width=78><P style="margin:0px" align=right><BR></P>
<P style="line-height:11pt; margin:0px; font-size:9pt" align=right>1,170</P>
</TD><TD valign=top width=78><P style="margin:0px" align=right><BR></P>
<P style="line-height:11pt; margin:0px; font-size:9pt" align=right>1,056</P>
</TD><TD valign=top width=78><P style="margin:0px" align=right><BR></P>
<P style="line-height:11pt; margin:0px; font-size:9pt" align=right>3,528</P>
</TD></TR>
<TR><TD valign=top width=240><P>&nbsp;</P></TD><TD valign=top width=72><P>&nbsp;</P></TD><TD valign=top width=78><P>&nbsp;</P></TD><TD valign=top width=78><P>&nbsp;</P></TD><TD valign=top width=78><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=240><P style="line-height:11pt; margin:0px; font-size:9pt">PERFORMANCE PERCENTAGES (annualized):</P>
</TD><TD valign=top width=72><P>&nbsp;</P></TD><TD valign=top width=78><P>&nbsp;</P></TD><TD valign=top width=78><P>&nbsp;</P></TD><TD valign=top width=78><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=240><P style="line-height:11pt; margin:0px; font-size:9pt">Return on average assets</P>
</TD><TD valign=top width=72><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>0.65%</P>
</TD><TD valign=top width=78><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>0.59%</P>
</TD><TD valign=top width=78><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>0.52%</P>
</TD><TD valign=top width=78><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>0.59%</P>
</TD></TR>
<TR><TD valign=top width=240><P style="line-height:11pt; margin:0px; font-size:9pt">Return on average equity</P>
</TD><TD valign=top width=72><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>5.60</P>
</TD><TD valign=top width=78><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>5.19</P>
</TD><TD valign=top width=78><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>4.66</P>
</TD><TD valign=top width=78><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>5.15</P>
</TD></TR>
<TR><TD valign=top width=240><P style="line-height:11pt; margin:0px; font-size:9pt">Net interest margin</P>
</TD><TD valign=top width=72><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>3.70</P>
</TD><TD valign=top width=78><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>3.59</P>
</TD><TD valign=top width=78><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>3.59</P>
</TD><TD valign=top width=78><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>3.63</P>
</TD></TR>
<TR><TD valign=top width=240><P style="line-height:11pt; margin:0px; font-size:9pt">Net charge-offs (recoveries) as a percentage</P>
<P style="line-height:11pt; margin:0px; font-size:9pt">&nbsp;&nbsp;&nbsp;&nbsp;of average loans</P>
</TD><TD valign=top width=72><P style="margin:0px" align=right><BR></P>
<P style="line-height:11pt; margin:0px; font-size:9pt" align=right>0.13</P>
</TD><TD valign=top width=78><P style="margin:0px" align=right><BR></P>
<P style="line-height:11pt; margin:0px; font-size:9pt" align=right>(0.02)</P>
</TD><TD valign=top width=78><P style="margin:0px" align=right><BR></P>
<P style="line-height:11pt; margin:0px; font-size:9pt" align=right>0.16</P>
</TD><TD valign=top width=78><P style="margin:0px" align=right><BR></P>
<P style="line-height:11pt; margin:0px; font-size:9pt" align=right>0.09</P>
</TD></TR>
<TR><TD valign=top width=240><P style="line-height:11pt; margin:0px; font-size:9pt">Loan loss provision as a percentage of </P>
<P style="line-height:11pt; margin:0px; font-size:9pt">&nbsp;&nbsp;&nbsp;&nbsp;average loans</P>
</TD><TD valign=top width=72><P style="margin:0px" align=right><BR></P>
<P style="line-height:11pt; margin:0px; font-size:9pt" align=right>(0.38)</P>
</TD><TD valign=top width=78><P style="margin:0px" align=right><BR></P>
<P style="line-height:11pt; margin:0px; font-size:9pt" align=right>(0.30)</P>
</TD><TD valign=top width=78><P style="margin:0px" align=right><BR></P>
<P style="line-height:11pt; margin:0px; font-size:9pt" align=right>(0.11)</P>
</TD><TD valign=top width=78><P style="margin:0px" align=right><BR></P>
<P style="line-height:11pt; margin:0px; font-size:9pt" align=right>(0.26)</P>
</TD></TR>
<TR><TD valign=top width=240><P style="line-height:11pt; margin:0px; font-size:9pt">Efficiency ratio</P>
</TD><TD valign=top width=72><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>86.17</P>
</TD><TD valign=top width=78><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>86.34</P>
</TD><TD valign=top width=78><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>85.50</P>
</TD><TD valign=top width=78><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>86.00</P>
</TD></TR>
<TR><TD valign=top width=240><P>&nbsp;</P></TD><TD valign=top width=72><P>&nbsp;</P></TD><TD valign=top width=78><P>&nbsp;</P></TD><TD valign=top width=78><P>&nbsp;</P></TD><TD valign=top width=78><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=240><P style="line-height:11pt; margin:0px; font-size:9pt">PER COMMON SHARE: </P>
</TD><TD valign=top width=72><P>&nbsp;</P></TD><TD valign=top width=78><P>&nbsp;</P></TD><TD valign=top width=78><P>&nbsp;</P></TD><TD valign=top width=78><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=240><P style="line-height:11pt; margin:0px; font-size:9pt">Net income:</P>
</TD><TD valign=top width=72><P>&nbsp;</P></TD><TD valign=top width=78><P>&nbsp;</P></TD><TD valign=top width=78><P>&nbsp;</P></TD><TD valign=top width=78><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=240><P style="line-height:11pt; margin:0px; font-size:9pt">Basic</P>
</TD><TD valign=top width=72><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>$0.06</P>
</TD><TD valign=top width=78><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>$0.06</P>
</TD><TD valign=top width=78><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>$0.05</P>
</TD><TD valign=top width=78><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>$0.18</P>
</TD></TR>
<TR><TD valign=top width=240><P style="line-height:11pt; margin:0px; font-size:9pt">Average number of common shares </P>
<P style="line-height:11pt; margin:0px; font-size:9pt">&nbsp;&nbsp;&nbsp;&nbsp;outstanding</P>
</TD><TD valign=top width=72><P style="margin:0px" align=right><BR></P>
<P style="line-height:11pt; margin:0px; font-size:9pt" align=right>20,679</P>
</TD><TD valign=top width=78><P style="margin:0px" align=right><BR></P>
<P style="line-height:11pt; margin:0px; font-size:9pt" align=right>19,584</P>
</TD><TD valign=top width=78><P style="margin:0px" align=right><BR></P>
<P style="line-height:11pt; margin:0px; font-size:9pt" align=right>19,275</P>
</TD><TD valign=top width=78><P style="margin:0px" align=right><BR></P>
<P style="line-height:11pt; margin:0px; font-size:9pt" align=right>19,844</P>
</TD></TR>
<TR><TD valign=top width=240><P style="line-height:11pt; margin:0px; font-size:9pt">Diluted</P>
</TD><TD valign=top width=72><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>0.06</P>
</TD><TD valign=top width=78><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>0.06</P>
</TD><TD valign=top width=78><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>0.05</P>
</TD><TD valign=top width=78><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>0.18</P>
</TD></TR>
<TR><TD valign=top width=240><P style="line-height:11pt; margin:0px; font-size:9pt">Average number of common shares </P>
<P style="line-height:11pt; margin:0px; font-size:9pt">&nbsp;&nbsp;&nbsp;&nbsp;outstanding</P>
</TD><TD valign=top width=72><P style="margin:0px" align=right><BR></P>
<P style="line-height:11pt; margin:0px; font-size:9pt" align=right>20,722</P>
</TD><TD valign=top width=78><P style="margin:0px" align=right><BR></P>
<P style="line-height:11pt; margin:0px; font-size:9pt" align=right>19,652</P>
</TD><TD valign=top width=78><P style="margin:0px" align=right><BR></P>
<P style="line-height:11pt; margin:0px; font-size:9pt" align=right>19,351</P>
</TD><TD valign=top width=78><P style="margin:0px" align=right><BR></P>
<P style="line-height:11pt; margin:0px; font-size:9pt" align=right>19,904</P>
</TD></TR>
<TR><TD valign=top width=240><P>&nbsp;</P></TD><TD valign=top width=72><P>&nbsp;</P></TD><TD valign=top width=78><P>&nbsp;</P></TD><TD valign=top width=78><P>&nbsp;</P></TD><TD valign=top width=78><P>&nbsp;</P></TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px; padding-left:36px; text-indent:274px">2011</P>
<TABLE style="font-size:10pt" cellspacing=0><TR style="font-size:0"><TD width=234></TD><TD width=76.8></TD><TD width=81.6></TD><TD width=75.6></TD><TD width=75.6></TD></TR>
<TR><TD valign=top width=234><P>&nbsp;</P></TD><TD valign=top width=76.8><P style="line-height:11pt; margin:0px; font-size:9pt" align=center>1QTR</P>
</TD><TD valign=top width=81.6><P style="line-height:11pt; margin:0px; font-size:9pt" align=center>2QTR</P>
</TD><TD valign=top width=75.6><P style="line-height:11pt; margin:0px; font-size:9pt" align=center>3QTR</P>
</TD><TD valign=top width=75.6><P style="line-height:11pt; margin:0px; font-size:9pt" align=center>YEAR</P>
</TD></TR>
<TR><TD valign=top width=234><P>&nbsp;</P></TD><TD valign=top width=76.8><P>&nbsp;</P></TD><TD valign=top width=81.6><P>&nbsp;</P></TD><TD valign=top width=75.6><P>&nbsp;</P></TD><TD valign=top width=75.6><P style="line-height:11pt; margin:0px; font-size:9pt" align=center>TO DATE</P>
</TD></TR>
<TR><TD valign=top width=234><P style="line-height:11pt; margin:0px; font-size:9pt">PERFORMANCE DATA FOR THE PERIOD:</P>
</TD><TD valign=top width=76.8><P>&nbsp;</P></TD><TD valign=top width=81.6><P>&nbsp;</P></TD><TD valign=top width=75.6><P>&nbsp;</P></TD><TD valign=top width=75.6><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=234><P style="line-height:11pt; margin:0px; font-size:9pt">Net income</P>
</TD><TD valign=top width=76.8><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>$1,263</P>
</TD><TD valign=top width=81.6><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>$1,938</P>
</TD><TD valign=top width=75.6><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>$1,566</P>
</TD><TD valign=top width=75.6><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>$4,767</P>
</TD></TR>
<TR><TD valign=top width=234><P style="line-height:11pt; margin:0px; font-size:9pt">Net income available to common </P>
<P style="line-height:11pt; margin:0px; font-size:9pt">&nbsp;&nbsp;&nbsp;&nbsp;shareholders </P>
</TD><TD valign=top width=76.8><P style="margin:0px" align=right><BR></P>
<P style="line-height:11pt; margin:0px; font-size:9pt" align=right>973</P>
</TD><TD valign=top width=81.6><P style="margin:0px" align=right><BR></P>
<P style="line-height:11pt; margin:0px; font-size:9pt" align=right>1,648</P>
</TD><TD valign=top width=75.6><P style="margin:0px" align=right><BR></P>
<P style="line-height:11pt; margin:0px; font-size:9pt" align=right>1,027</P>
</TD><TD valign=top width=75.6><P style="margin:0px" align=right><BR></P>
<P style="line-height:11pt; margin:0px; font-size:9pt" align=right>3,648</P>
</TD></TR>
<TR><TD valign=top width=234><P>&nbsp;</P></TD><TD valign=top width=76.8><P>&nbsp;</P></TD><TD valign=top width=81.6><P>&nbsp;</P></TD><TD valign=top width=75.6><P>&nbsp;</P></TD><TD valign=top width=75.6><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=234><P style="line-height:11pt; margin:0px; font-size:9pt">PERFORMANCE PERCENTAGES (annualized):</P>
</TD><TD valign=top width=76.8><P>&nbsp;</P></TD><TD valign=top width=81.6><P>&nbsp;</P></TD><TD valign=top width=75.6><P>&nbsp;</P></TD><TD valign=top width=75.6><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=234><P style="line-height:11pt; margin:0px; font-size:9pt">Return on average assets</P>
</TD><TD valign=top width=76.8><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>0.54%</P>
</TD><TD valign=top width=81.6><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>0.81%</P>
</TD><TD valign=top width=75.6><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>0.64%</P>
</TD><TD valign=top width=75.6><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>0.66%</P>
</TD></TR>
<TR><TD valign=top width=234><P style="line-height:11pt; margin:0px; font-size:9pt">Return on average equity</P>
</TD><TD valign=top width=76.8><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>4.77</P>
</TD><TD valign=top width=81.6><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>7.11</P>
</TD><TD valign=top width=75.6><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>5.52</P>
</TD><TD valign=top width=75.6><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>5.81</P>
</TD></TR>
<TR><TD valign=top width=234><P style="line-height:11pt; margin:0px; font-size:9pt">Net interest margin</P>
</TD><TD valign=top width=76.8><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>3.70</P>
</TD><TD valign=top width=81.6><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>3.71</P>
</TD><TD valign=top width=75.6><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>3.68</P>
</TD><TD valign=top width=75.6><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>3.70</P>
</TD></TR>
<TR><TD valign=top width=234><P style="line-height:11pt; margin:0px; font-size:9pt">Net charge-offs as a percentage of </P>
<P style="line-height:11pt; margin:0px; font-size:9pt">&nbsp;&nbsp;&nbsp;&nbsp;average loans</P>
</TD><TD valign=top width=76.8><P style="margin:0px" align=right><BR></P>
<P style="line-height:11pt; margin:0px; font-size:9pt" align=right>0.70</P>
</TD><TD valign=top width=81.6><P style="margin:0px" align=right><BR></P>
<P style="line-height:11pt; margin:0px; font-size:9pt" align=right>(0.07)</P>
</TD><TD valign=top width=75.6><P style="margin:0px" align=right><BR></P>
<P style="line-height:11pt; margin:0px; font-size:9pt" align=right>0.20</P>
</TD><TD valign=top width=75.6><P style="margin:0px" align=right><BR></P>
<P style="line-height:11pt; margin:0px; font-size:9pt" align=right>0.28</P>
</TD></TR>
<TR><TD valign=top width=234><P style="line-height:11pt; margin:0px; font-size:9pt">Loan loss provision as a percentage of</P>
<P style="line-height:11pt; margin:0px; font-size:9pt">&nbsp;&nbsp;&nbsp;&nbsp;average loans</P>
</TD><TD valign=top width=76.8><P style="margin:0px" align=right><BR></P>
<P style="line-height:11pt; margin:0px; font-size:9pt" align=right>(0.37)</P>
</TD><TD valign=top width=81.6><P style="margin:0px" align=right><BR></P>
<P style="line-height:11pt; margin:0px; font-size:9pt" align=right>(0.72)</P>
</TD><TD valign=top width=75.6><P style="margin:0px" align=right><BR></P>
<P style="line-height:11pt; margin:0px; font-size:9pt" align=right>(0.33)</P>
</TD><TD valign=top width=75.6><P style="margin:0px" align=right><BR></P>
<P style="line-height:11pt; margin:0px; font-size:9pt" align=right>(0.47)</P>
</TD></TR>
<TR><TD valign=top width=234><P style="line-height:11pt; margin:0px; font-size:9pt">Efficiency ratio</P>
</TD><TD valign=top width=76.8><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>89.53</P>
</TD><TD valign=top width=81.6><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>85.53</P>
</TD><TD valign=top width=75.6><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>84.83</P>
</TD><TD valign=top width=75.6><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>86.59</P>
</TD></TR>
<TR><TD valign=top width=234><P>&nbsp;</P></TD><TD valign=top width=76.8><P>&nbsp;</P></TD><TD valign=top width=81.6><P>&nbsp;</P></TD><TD valign=top width=75.6><P>&nbsp;</P></TD><TD valign=top width=75.6><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=234><P style="line-height:11pt; margin:0px; font-size:9pt">PER COMMON SHARE: </P>
</TD><TD valign=top width=76.8><P>&nbsp;</P></TD><TD valign=top width=81.6><P>&nbsp;</P></TD><TD valign=top width=75.6><P>&nbsp;</P></TD><TD valign=top width=75.6><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=234><P style="line-height:11pt; margin:0px; font-size:9pt">Net income:</P>
</TD><TD valign=top width=76.8><P>&nbsp;</P></TD><TD valign=top width=81.6><P>&nbsp;</P></TD><TD valign=top width=75.6><P>&nbsp;</P></TD><TD valign=top width=75.6><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=234><P style="line-height:11pt; margin:0px; font-size:9pt">Basic</P>
</TD><TD valign=top width=76.8><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>$0.05</P>
</TD><TD valign=top width=81.6><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>$0.08</P>
</TD><TD valign=top width=75.6><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>$0.05</P>
</TD><TD valign=top width=75.6><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>$0.17</P>
</TD></TR>
<TR><TD valign=top width=234><P style="line-height:11pt; margin:0px; font-size:9pt">Average number of common shares </P>
<P style="line-height:11pt; margin:0px; font-size:9pt">&nbsp;&nbsp;&nbsp;&nbsp;outstanding</P>
</TD><TD valign=top width=76.8><P style="margin:0px" align=right><BR></P>
<P style="line-height:11pt; margin:0px; font-size:9pt" align=right>21,208</P>
</TD><TD valign=top width=81.6><P style="margin:0px" align=right><BR></P>
<P style="line-height:11pt; margin:0px; font-size:9pt" align=right>21,208</P>
</TD><TD valign=top width=75.6><P style="margin:0px" align=right><BR></P>
<P style="line-height:11pt; margin:0px; font-size:9pt" align=right>21,208</P>
</TD><TD valign=top width=75.6><P style="margin:0px" align=right><BR></P>
<P style="line-height:11pt; margin:0px; font-size:9pt" align=right>21,208</P>
</TD></TR>
<TR><TD valign=top width=234><P style="line-height:11pt; margin:0px; font-size:9pt">Diluted</P>
</TD><TD valign=top width=76.8><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>0.05</P>
</TD><TD valign=top width=81.6><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>0.08</P>
</TD><TD valign=top width=75.6><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>0.05</P>
</TD><TD valign=top width=75.6><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>0.17</P>
</TD></TR>
<TR><TD valign=top width=234><P style="line-height:11pt; margin:0px; font-size:9pt">Average number of common shares</P>
<P style="line-height:11pt; margin:0px; font-size:9pt">&nbsp;&nbsp;&nbsp;&nbsp;outstanding</P>
</TD><TD valign=top width=76.8><P style="margin:0px" align=right><BR></P>
<P style="line-height:11pt; margin:0px; font-size:9pt" align=right>21,230</P>
</TD><TD valign=top width=81.6><P style="margin:0px" align=right><BR></P>
<P style="line-height:11pt; margin:0px; font-size:9pt" align=right>21,236</P>
</TD><TD valign=top width=75.6><P style="margin:0px" align=right><BR></P>
<P style="line-height:11pt; margin:0px; font-size:9pt" align=right>21,227</P>
</TD><TD valign=top width=75.6><P style="margin:0px" align=right><BR></P>
<P style="line-height:11pt; margin:0px; font-size:9pt" align=right>21,231</P>
</TD></TR>
</TABLE>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center>AMERISERV FINANCIAL, INC.</P>
<P style="margin:0px" align=center>(In thousands, except per share, statistical, and ratio data)</P>
<P style="margin:0px" align=center>(Unaudited)</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; text-indent:291.333px">2012</P>
<TABLE style="font-size:10pt" cellspacing=0><TR style="font-size:0"><TD width=208.133></TD><TD width=85.867></TD><TD width=84></TD><TD width=84></TD></TR>
<TR><TD valign=top width=208.133><P>&nbsp;</P></TD><TD valign=top width=85.867><P style="line-height:11pt; margin:0px; font-size:9pt" align=center>1QTR</P>
</TD><TD valign=top width=84><P style="line-height:11pt; margin:0px; font-size:9pt" align=center>2QTR</P>
</TD><TD valign=top width=84><P style="line-height:11pt; margin:0px; font-size:9pt" align=center>3QTR</P>
</TD></TR>
<TR><TD valign=top width=208.133><P style="line-height:11pt; margin:0px; font-size:9pt">PERFORMANCE DATA AT PERIOD END</P>
</TD><TD valign=top width=85.867><P>&nbsp;</P></TD><TD valign=top width=84><P>&nbsp;</P></TD><TD valign=top width=84><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=208.133><P style="line-height:11pt; margin:0px; font-size:9pt">Assets</P>
</TD><TD valign=top width=85.867><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>$967,401</P>
</TD><TD valign=top width=84><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>$997,102</P>
</TD><TD valign=top width=84><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>$1,002,281</P>
</TD></TR>
<TR><TD valign=top width=208.133><P style="line-height:11pt; margin:0px; font-size:9pt">Short-term investments/overnight funds</P>
</TD><TD valign=top width=85.867><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>7,398</P>
</TD><TD valign=top width=84><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>14,158</P>
</TD><TD valign=top width=84><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>14,210</P>
</TD></TR>
<TR><TD valign=top width=208.133><P style="line-height:11pt; margin:0px; font-size:9pt">Investment securities</P>
</TD><TD valign=top width=85.867><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>190,089</P>
</TD><TD valign=top width=84><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>191,791</P>
</TD><TD valign=top width=84><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>181,319</P>
</TD></TR>
<TR><TD valign=top width=208.133><P style="line-height:11pt; margin:0px; font-size:9pt">Loans and loans held for sale </P>
</TD><TD valign=top width=85.867><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>671,328</P>
</TD><TD valign=top width=84><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>690,815</P>
</TD><TD valign=top width=84><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>706,624</P>
</TD></TR>
<TR><TD valign=top width=208.133><P style="line-height:11pt; margin:0px; font-size:9pt">Allowance for loan losses</P>
</TD><TD valign=top width=85.867><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>13,778</P>
</TD><TD valign=top width=84><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>13,317</P>
</TD><TD valign=top width=84><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>12,829</P>
</TD></TR>
<TR><TD valign=top width=208.133><P style="line-height:11pt; margin:0px; font-size:9pt">Goodwill </P>
</TD><TD valign=top width=85.867><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>12,613</P>
</TD><TD valign=top width=84><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>12,613</P>
</TD><TD valign=top width=84><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>12,613</P>
</TD></TR>
<TR><TD valign=top width=208.133><P style="line-height:11pt; margin:0px; font-size:9pt">Deposits</P>
</TD><TD valign=top width=85.867><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>820,105</P>
</TD><TD valign=top width=84><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>854,017</P>
</TD><TD valign=top width=84><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>850,125</P>
</TD></TR>
<TR><TD valign=top width=208.133><P style="line-height:11pt; margin:0px; font-size:9pt">FHLB borrowings</P>
</TD><TD valign=top width=85.867><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>6,390</P>
</TD><TD valign=top width=84><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>3,000</P>
</TD><TD valign=top width=84><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>12,000</P>
</TD></TR>
<TR><TD valign=top width=208.133><P style="line-height:11pt; margin:0px; font-size:9pt">Shareholders&#146; equity</P>
</TD><TD valign=top width=85.867><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>112,270</P>
</TD><TD valign=top width=84><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>110,810</P>
</TD><TD valign=top width=84><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>112,311</P>
</TD></TR>
<TR><TD valign=top width=208.133><P style="line-height:11pt; margin:0px; font-size:9pt">Non-performing assets </P>
</TD><TD valign=top width=85.867><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>4,801</P>
</TD><TD valign=top width=84><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>5,077</P>
</TD><TD valign=top width=84><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>5,372</P>
</TD></TR>
<TR><TD valign=top width=208.133><P style="line-height:11pt; margin:0px; font-size:9pt">Asset leverage ratio</P>
</TD><TD valign=top width=85.867><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>11.83%</P>
</TD><TD valign=top width=84><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>11.60%</P>
</TD><TD valign=top width=84><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>11.45%</P>
</TD></TR>
<TR><TD valign=top width=208.133><P style="line-height:11pt; margin:0px; font-size:9pt">Tangible common equity ratio</P>
</TD><TD valign=top width=85.867><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>8.24</P>
</TD><TD valign=top width=84><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>7.84</P>
</TD><TD valign=top width=84><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>7.95</P>
</TD></TR>
<TR><TD valign=top width=208.133><P style="line-height:11pt; margin:0px; font-size:9pt">PER COMMON SHARE:</P>
</TD><TD valign=top width=85.867><P>&nbsp;</P></TD><TD valign=top width=84><P>&nbsp;</P></TD><TD valign=top width=84><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=208.133><P style="line-height:11pt; margin:0px; font-size:9pt">Book value (A)</P>
</TD><TD valign=top width=85.867><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>$4.46</P>
</TD><TD valign=top width=84><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>$4.66</P>
</TD><TD valign=top width=84><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>$4.74</P>
</TD></TR>
<TR><TD valign=top width=208.133><P style="line-height:11pt; margin:0px; font-size:9pt">Tangible book value </P>
</TD><TD valign=top width=85.867><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>3.84</P>
</TD><TD valign=top width=84><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>4.00</P>
</TD><TD valign=top width=84><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>4.09</P>
</TD></TR>
<TR><TD valign=top width=208.133><P style="line-height:11pt; margin:0px; font-size:9pt">Market value</P>
</TD><TD valign=top width=85.867><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>2.74</P>
</TD><TD valign=top width=84><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>2.82</P>
</TD><TD valign=top width=84><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>2.97</P>
</TD></TR>
<TR><TD valign=top width=208.133><P style="line-height:11pt; margin:0px; font-size:9pt">Trust assets &#150; fair market value (B)</P>
</TD><TD valign=top width=85.867><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>$1,469,789</P>
</TD><TD valign=top width=84><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>$1,447,877</P>
</TD><TD valign=top width=84><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>$1,511,012</P>
</TD></TR>
<TR><TD valign=top width=208.133><P>&nbsp;</P></TD><TD valign=top width=85.867><P>&nbsp;</P></TD><TD valign=top width=84><P>&nbsp;</P></TD><TD valign=top width=84><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=208.133><P style="line-height:11pt; margin:0px; font-size:9pt">STATISTICAL DATA AT PERIOD END:</P>
</TD><TD valign=top width=85.867><P>&nbsp;</P></TD><TD valign=top width=84><P>&nbsp;</P></TD><TD valign=top width=84><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=208.133><P style="line-height:11pt; margin:0px; font-size:9pt">Full-time equivalent employees</P>
</TD><TD valign=top width=85.867><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>353</P>
</TD><TD valign=top width=84><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>353</P>
</TD><TD valign=top width=84><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>355</P>
</TD></TR>
<TR><TD valign=top width=208.133><P style="line-height:11pt; margin:0px; font-size:9pt">Branch locations</P>
</TD><TD valign=top width=85.867><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>18</P>
</TD><TD valign=top width=84><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>18</P>
</TD><TD valign=top width=84><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>18</P>
</TD></TR>
<TR><TD valign=top width=208.133><P style="line-height:11pt; margin:0px; font-size:9pt">Common shares outstanding</P>
</TD><TD valign=top width=85.867><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>20,465,521</P>
</TD><TD valign=top width=84><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>19,284,521</P>
</TD><TD valign=top width=84><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>19,255,221</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px; padding-left:38.4px; text-indent:245.6px">2011</P>
<TABLE style="font-size:10pt" cellspacing=0><TR style="font-size:0"><TD width=208.133></TD><TD width=86.4></TD><TD width=86.4></TD><TD width=86.4></TD><TD width=86.4></TD></TR>
<TR><TD valign=top width=208.133><P>&nbsp;</P></TD><TD valign=top width=86.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=center>1QTR</P>
</TD><TD valign=top width=86.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=center>2QTR</P>
</TD><TD valign=top width=86.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=center>3QTR</P>
</TD><TD valign=top width=86.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=center>4QTR</P>
</TD></TR>
<TR><TD valign=top width=208.133><P style="line-height:11pt; margin:0px; font-size:9pt">PERFORMANCE DATA AT PERIOD END</P>
</TD><TD valign=top width=86.4><P>&nbsp;</P></TD><TD valign=top width=86.4><P>&nbsp;</P></TD><TD valign=top width=86.4><P>&nbsp;</P></TD><TD valign=top width=86.4><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=208.133><P style="line-height:11pt; margin:0px; font-size:9pt">Assets</P>
</TD><TD valign=top width=86.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>$961,067</P>
</TD><TD valign=top width=86.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>$954,893</P>
</TD><TD valign=top width=86.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>$973,439</P>
</TD><TD valign=top width=86.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>$979,076</P>
</TD></TR>
<TR><TD valign=top width=208.133><P style="line-height:11pt; margin:0px; font-size:9pt">Short-term investments/overnight funds</P>
</TD><TD valign=top width=86.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>26,769</P>
</TD><TD valign=top width=86.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>4,338</P>
</TD><TD valign=top width=86.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>17,941</P>
</TD><TD valign=top width=86.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>7,845</P>
</TD></TR>
<TR><TD valign=top width=208.133><P style="line-height:11pt; margin:0px; font-size:9pt">Investment securities </P>
</TD><TD valign=top width=86.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>195,272</P>
</TD><TD valign=top width=86.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>198,770</P>
</TD><TD valign=top width=86.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>195,784</P>
</TD><TD valign=top width=86.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>195,203</P>
</TD></TR>
<TR><TD valign=top width=208.133><P style="line-height:11pt; margin:0px; font-size:9pt">Loans and loans held for sale </P>
</TD><TD valign=top width=86.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>644,836</P>
</TD><TD valign=top width=86.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>656,838</P>
</TD><TD valign=top width=86.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>667,409</P>
</TD><TD valign=top width=86.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>670,847</P>
</TD></TR>
<TR><TD valign=top width=208.133><P style="line-height:11pt; margin:0px; font-size:9pt">Allowance for loan losses</P>
</TD><TD valign=top width=86.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>18,025</P>
</TD><TD valign=top width=86.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>16,958</P>
</TD><TD valign=top width=86.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>16,069</P>
</TD><TD valign=top width=86.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>14,623</P>
</TD></TR>
<TR><TD valign=top width=208.133><P style="line-height:11pt; margin:0px; font-size:9pt">Goodwill and core deposit intangibles</P>
</TD><TD valign=top width=86.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>12,613</P>
</TD><TD valign=top width=86.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>12,613</P>
</TD><TD valign=top width=86.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>12,613</P>
</TD><TD valign=top width=86.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>12,613</P>
</TD></TR>
<TR><TD valign=top width=208.133><P style="line-height:11pt; margin:0px; font-size:9pt">Deposits</P>
</TD><TD valign=top width=86.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>816,528</P>
</TD><TD valign=top width=86.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>810,082</P>
</TD><TD valign=top width=86.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>827,358</P>
</TD><TD valign=top width=86.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>816,420</P>
</TD></TR>
<TR><TD valign=top width=208.133><P style="line-height:11pt; margin:0px; font-size:9pt">FHLB borrowings</P>
</TD><TD valign=top width=86.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>9,736</P>
</TD><TD valign=top width=86.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>9,722</P>
</TD><TD valign=top width=86.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>9,707</P>
</TD><TD valign=top width=86.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>21,765</P>
</TD></TR>
<TR><TD valign=top width=208.133><P style="line-height:11pt; margin:0px; font-size:9pt">Shareholders&#146; equity</P>
</TD><TD valign=top width=86.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>108,170</P>
</TD><TD valign=top width=86.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>111,410</P>
</TD><TD valign=top width=86.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>114,164</P>
</TD><TD valign=top width=86.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>112,352</P>
</TD></TR>
<TR><TD valign=top width=208.133><P style="line-height:11pt; margin:0px; font-size:9pt">Non-performing assets </P>
</TD><TD valign=top width=86.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>9,328</P>
</TD><TD valign=top width=86.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>7,433</P>
</TD><TD valign=top width=86.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>5,344</P>
</TD><TD valign=top width=86.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>5,199</P>
</TD></TR>
<TR><TD valign=top width=208.133><P style="line-height:11pt; margin:0px; font-size:9pt">Asset leverage ratio</P>
</TD><TD valign=top width=86.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>11.40%</P>
</TD><TD valign=top width=86.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>11.60%</P>
</TD><TD valign=top width=86.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>11.70%</P>
</TD><TD valign=top width=86.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>11.66%</P>
</TD></TR>
<TR><TD valign=top width=208.133><P style="line-height:11pt; margin:0px; font-size:9pt">Tangible common equity ratio</P>
</TD><TD valign=top width=86.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>7.89</P>
</TD><TD valign=top width=86.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>8.29</P>
</TD><TD valign=top width=86.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>8.38</P>
</TD><TD valign=top width=86.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>8.15</P>
</TD></TR>
<TR><TD valign=top width=208.133><P style="line-height:11pt; margin:0px; font-size:9pt">PER COMMON SHARE: </P>
</TD><TD valign=top width=86.4><P>&nbsp;</P></TD><TD valign=top width=86.4><P>&nbsp;</P></TD><TD valign=top width=86.4><P>&nbsp;</P></TD><TD valign=top width=86.4><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=208.133><P style="line-height:11pt; margin:0px; font-size:9pt">Book value (A)</P>
</TD><TD valign=top width=86.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>$4.12</P>
</TD><TD valign=top width=86.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>$4.28</P>
</TD><TD valign=top width=86.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>$4.39</P>
</TD><TD valign=top width=86.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>$4.37</P>
</TD></TR>
<TR><TD valign=top width=208.133><P style="line-height:11pt; margin:0px; font-size:9pt">Tangible book value </P>
</TD><TD valign=top width=86.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>3.53</P>
</TD><TD valign=top width=86.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>3.68</P>
</TD><TD valign=top width=86.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>3.80</P>
</TD><TD valign=top width=86.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>3.76</P>
</TD></TR>
<TR><TD valign=top width=208.133><P style="line-height:11pt; margin:0px; font-size:9pt">Market value</P>
</TD><TD valign=top width=86.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>2.37</P>
</TD><TD valign=top width=86.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>1.95</P>
</TD><TD valign=top width=86.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>1.90</P>
</TD><TD valign=top width=86.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>1.95</P>
</TD></TR>
<TR><TD valign=top width=208.133><P style="line-height:11pt; margin:0px; font-size:9pt">Trust assets &#150; fair market value (B)</P>
</TD><TD valign=top width=86.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>$1,410,755</P>
</TD><TD valign=top width=86.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>$1,390,534</P>
</TD><TD valign=top width=86.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>$1,313,440</P>
</TD><TD valign=top width=86.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>$1,382,745</P>
</TD></TR>
<TR><TD valign=top width=208.133><P>&nbsp;</P></TD><TD valign=top width=86.4><P>&nbsp;</P></TD><TD valign=top width=86.4><P>&nbsp;</P></TD><TD valign=top width=86.4><P>&nbsp;</P></TD><TD valign=top width=86.4><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=208.133><P style="line-height:11pt; margin:0px; font-size:9pt">STATISTICAL DATA AT PERIOD END:</P>
</TD><TD valign=top width=86.4><P>&nbsp;</P></TD><TD valign=top width=86.4><P>&nbsp;</P></TD><TD valign=top width=86.4><P>&nbsp;</P></TD><TD valign=top width=86.4><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=208.133><P style="line-height:11pt; margin:0px; font-size:9pt">Full-time equivalent employees</P>
</TD><TD valign=top width=86.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>351</P>
</TD><TD valign=top width=86.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>352</P>
</TD><TD valign=top width=86.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>342</P>
</TD><TD valign=top width=86.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>347</P>
</TD></TR>
<TR><TD valign=top width=208.133><P style="line-height:11pt; margin:0px; font-size:9pt">Branch locations</P>
</TD><TD valign=top width=86.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>18</P>
</TD><TD valign=top width=86.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>18</P>
</TD><TD valign=top width=86.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>18</P>
</TD><TD valign=top width=86.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>18</P>
</TD></TR>
<TR><TD valign=top width=208.133><P style="line-height:11pt; margin:0px; font-size:9pt">Common shares outstanding</P>
</TD><TD valign=top width=86.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>21,207,670</P>
</TD><TD valign=top width=86.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>21,208,421</P>
</TD><TD valign=top width=86.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>21,208,421</P>
</TD><TD valign=top width=86.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>20,921,021</P>
</TD></TR>
</TABLE>
<P style="margin:0px">NOTES:</P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:50px; text-indent:-24px">(A)</P>
<P style="margin:0px; padding-left:50px">Preferred stock of $21 million received through the Small Business Lending Fund is excluded from the book value per</P>
<P style="margin:0px; padding-left:50px">common share and tangible book value per common share calculations.</P>
<P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) Not recognized on the balance sheet.</P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center>AMERISERV FINANCIAL, INC.</P>
<P style="margin:0px" align=center>CONSOLIDATED STATEMENT OF INCOME</P>
<P style="margin:0px" align=center>(In thousands)</P>
<P style="margin:0px" align=center>(Unaudited)</P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px; padding-left:38.4px; text-indent:270.933px">2012</P>
<TABLE style="font-size:10pt" cellspacing=0><TR style="font-size:0"><TD width=232.8></TD><TD width=64.4></TD><TD width=64.4></TD><TD width=70.4></TD><TD width=58.4></TD></TR>
<TR><TD valign=top width=232.8><P>&nbsp;</P></TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=center>1QTR</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=center>2QTR</P>
</TD><TD valign=top width=70.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=center>3QTR</P>
</TD><TD valign=top width=58.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=center>YEAR</P>
</TD></TR>
<TR><TD valign=top width=232.8><P style="line-height:11pt; margin:0px; font-size:9pt">INTEREST INCOME</P>
</TD><TD valign=top width=64.4><P>&nbsp;</P></TD><TD valign=top width=64.4><P>&nbsp;</P></TD><TD valign=top width=70.4><P>&nbsp;</P></TD><TD valign=top width=58.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=center>TO DATE</P>
</TD></TR>
<TR><TD valign=top width=232.8><P style="line-height:11pt; margin:0px; font-size:9pt">Interest and fees on loans</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>$8,729</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>$8,552</P>
</TD><TD valign=top width=70.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>$8,807</P>
</TD><TD valign=top width=58.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>$26,088</P>
</TD></TR>
<TR><TD valign=top width=232.8><P style="line-height:11pt; margin:0px; font-size:9pt">Total investment portfolio</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>1,395</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>1,333</P>
</TD><TD valign=top width=70.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>1,223</P>
</TD><TD valign=top width=58.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>3,951</P>
</TD></TR>
<TR><TD valign=top width=232.8><P style="line-height:11pt; margin:0px; font-size:9pt">Total Interest Income</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>10,124</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>9,885</P>
</TD><TD valign=top width=70.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>10,030</P>
</TD><TD valign=top width=58.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>30,039</P>
</TD></TR>
<TR><TD valign=top width=232.8><P>&nbsp;</P></TD><TD valign=top width=64.4><P>&nbsp;</P></TD><TD valign=top width=64.4><P>&nbsp;</P></TD><TD valign=top width=70.4><P>&nbsp;</P></TD><TD valign=top width=58.4><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=232.8><P style="line-height:11pt; margin:0px; font-size:9pt">INTEREST EXPENSE</P>
</TD><TD valign=top width=64.4><P>&nbsp;</P></TD><TD valign=top width=64.4><P>&nbsp;</P></TD><TD valign=top width=70.4><P>&nbsp;</P></TD><TD valign=top width=58.4><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=232.8><P style="line-height:11pt; margin:0px; font-size:9pt">Deposits</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>1,762</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>1,668</P>
</TD><TD valign=top width=70.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>1,587</P>
</TD><TD valign=top width=58.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>5,017</P>
</TD></TR>
<TR><TD valign=top width=232.8><P style="line-height:11pt; margin:0px; font-size:9pt">All borrowings</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>304</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>296</P>
</TD><TD valign=top width=70.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>301</P>
</TD><TD valign=top width=58.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>901</P>
</TD></TR>
<TR><TD valign=top width=232.8><P style="line-height:11pt; margin:0px; font-size:9pt">Total Interest Expense</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>2,066</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>1,964</P>
</TD><TD valign=top width=70.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>1,888</P>
</TD><TD valign=top width=58.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>5,918</P>
</TD></TR>
<TR><TD valign=top width=232.8><P>&nbsp;</P></TD><TD valign=top width=64.4><P>&nbsp;</P></TD><TD valign=top width=64.4><P>&nbsp;</P></TD><TD valign=top width=70.4><P>&nbsp;</P></TD><TD valign=top width=58.4><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=232.8><P style="line-height:11pt; margin:0px; font-size:9pt">NET INTEREST INCOME</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>8,058</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>7,921</P>
</TD><TD valign=top width=70.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>8,142</P>
</TD><TD valign=top width=58.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>24,121</P>
</TD></TR>
<TR><TD valign=top width=232.8><P style="line-height:11pt; margin:0px; font-size:9pt">Provision (credit) for loan losses</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>(625)</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>(500)</P>
</TD><TD valign=top width=70.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>(200)</P>
</TD><TD valign=top width=58.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>(1,325)</P>
</TD></TR>
<TR><TD valign=top width=232.8><P style="line-height:11pt; margin:0px; font-size:9pt">NET INTEREST INCOME AFTER</P>
<P style="line-height:11pt; margin:0px; font-size:9pt">&nbsp;&nbsp;&nbsp;PROVISION (CREDIT) FOR LOAN </P>
<P style="line-height:11pt; margin:0px; font-size:9pt">&nbsp;&nbsp;&nbsp;LOSSES</P>
</TD><TD valign=top width=64.4><P style="margin:0px" align=right><BR></P>
<P style="margin:0px" align=right><BR></P>
<P style="line-height:11pt; margin:0px; font-size:9pt" align=right>8,683</P>
</TD><TD valign=top width=64.4><P style="margin:0px" align=right><BR></P>
<P style="margin:0px" align=right><BR></P>
<P style="line-height:11pt; margin:0px; font-size:9pt" align=right>8,421</P>
</TD><TD valign=top width=70.4><P style="margin:0px" align=right><BR></P>
<P style="margin:0px" align=right><BR></P>
<P style="line-height:11pt; margin:0px; font-size:9pt" align=right>8,342</P>
</TD><TD valign=top width=58.4><P style="margin:0px" align=right><BR></P>
<P style="margin:0px" align=right><BR></P>
<P style="line-height:11pt; margin:0px; font-size:9pt" align=right>25,446</P>
</TD></TR>
<TR><TD valign=top width=232.8><P>&nbsp;</P></TD><TD valign=top width=64.4><P>&nbsp;</P></TD><TD valign=top width=64.4><P>&nbsp;</P></TD><TD valign=top width=70.4><P>&nbsp;</P></TD><TD valign=top width=58.4><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=232.8><P style="line-height:11pt; margin:0px; font-size:9pt">NON-INTEREST INCOME</P>
</TD><TD valign=top width=64.4><P>&nbsp;</P></TD><TD valign=top width=64.4><P>&nbsp;</P></TD><TD valign=top width=70.4><P>&nbsp;</P></TD><TD valign=top width=58.4><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=232.8><P style="line-height:11pt; margin:0px; font-size:9pt">Trust fees</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>1,697</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>1,628</P>
</TD><TD valign=top width=70.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>1,533</P>
</TD><TD valign=top width=58.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>4,858</P>
</TD></TR>
<TR><TD valign=top width=232.8><P style="line-height:11pt; margin:0px; font-size:9pt">Investment advisory fees</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>193</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>177</P>
</TD><TD valign=top width=70.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>182</P>
</TD><TD valign=top width=58.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>552</P>
</TD></TR>
<TR><TD valign=top width=232.8><P style="line-height:11pt; margin:0px; font-size:9pt">Net realized gains on investment securities</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>-</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>12</P>
</TD><TD valign=top width=70.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>-</P>
</TD><TD valign=top width=58.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>12</P>
</TD></TR>
<TR><TD valign=top width=232.8><P style="line-height:11pt; margin:0px; font-size:9pt">Net realized gains on loans held for sale</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>276</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>251</P>
</TD><TD valign=top width=70.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>262</P>
</TD><TD valign=top width=58.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>789</P>
</TD></TR>
<TR><TD valign=top width=232.8><P style="line-height:11pt; margin:0px; font-size:9pt">Service charges on deposit accounts</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>535</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>517</P>
</TD><TD valign=top width=70.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>567</P>
</TD><TD valign=top width=58.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>1,619</P>
</TD></TR>
<TR><TD valign=top width=232.8><P style="line-height:11pt; margin:0px; font-size:9pt">Bank owned life insurance</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>215</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>212</P>
</TD><TD valign=top width=70.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>217</P>
</TD><TD valign=top width=58.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>644</P>
</TD></TR>
<TR><TD valign=top width=232.8><P style="line-height:11pt; margin:0px; font-size:9pt">Other income</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>758</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>936</P>
</TD><TD valign=top width=70.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>888</P>
</TD><TD valign=top width=58.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>2,582</P>
</TD></TR>
<TR><TD valign=top width=232.8><P style="line-height:11pt; margin:0px; font-size:9pt">Total Non-interest Income</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>3,674</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>3,733</P>
</TD><TD valign=top width=70.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>3,649</P>
</TD><TD valign=top width=58.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>11,056</P>
</TD></TR>
<TR><TD valign=top width=232.8><P>&nbsp;</P></TD><TD valign=top width=64.4><P>&nbsp;</P></TD><TD valign=top width=64.4><P>&nbsp;</P></TD><TD valign=top width=70.4><P>&nbsp;</P></TD><TD valign=top width=58.4><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=232.8><P style="line-height:11pt; margin:0px; font-size:9pt">NON-INTEREST EXPENSE</P>
</TD><TD valign=top width=64.4><P>&nbsp;</P></TD><TD valign=top width=64.4><P>&nbsp;</P></TD><TD valign=top width=70.4><P>&nbsp;</P></TD><TD valign=top width=58.4><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=232.8><P style="line-height:11pt; margin:0px; font-size:9pt">Salaries and employee benefits</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>5,986</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>5,976</P>
</TD><TD valign=top width=70.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>6,132</P>
</TD><TD valign=top width=58.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>18,094</P>
</TD></TR>
<TR><TD valign=top width=232.8><P style="line-height:11pt; margin:0px; font-size:9pt">Net occupancy expense</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>729</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>702</P>
</TD><TD valign=top width=70.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>698</P>
</TD><TD valign=top width=58.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>2,129</P>
</TD></TR>
<TR><TD valign=top width=232.8><P style="line-height:11pt; margin:0px; font-size:9pt">Equipment expense</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>451</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>473</P>
</TD><TD valign=top width=70.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>395</P>
</TD><TD valign=top width=58.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>1,319</P>
</TD></TR>
<TR><TD valign=top width=232.8><P style="line-height:11pt; margin:0px; font-size:9pt">Professional fees</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>923</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>937</P>
</TD><TD valign=top width=70.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>977</P>
</TD><TD valign=top width=58.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>2,837</P>
</TD></TR>
<TR><TD valign=top width=232.8><P style="line-height:11pt; margin:0px; font-size:9pt">FDIC deposit insurance expense</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>129</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>114</P>
</TD><TD valign=top width=70.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>104</P>
</TD><TD valign=top width=58.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>347</P>
</TD></TR>
<TR><TD valign=top width=232.8><P style="line-height:11pt; margin:0px; font-size:9pt">Other expenses</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>1,896</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>1,865</P>
</TD><TD valign=top width=70.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>1,781</P>
</TD><TD valign=top width=58.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>5,542</P>
</TD></TR>
<TR><TD valign=top width=232.8><P style="line-height:11pt; margin:0px; font-size:9pt">Total Non-interest Expense</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>10,114</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>10,067</P>
</TD><TD valign=top width=70.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>10,087</P>
</TD><TD valign=top width=58.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>30,268</P>
</TD></TR>
<TR><TD valign=top width=232.8><P>&nbsp;</P></TD><TD valign=top width=64.4><P>&nbsp;</P></TD><TD valign=top width=64.4><P>&nbsp;</P></TD><TD valign=top width=70.4><P>&nbsp;</P></TD><TD valign=top width=58.4><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=232.8><P style="line-height:11pt; margin:0px; font-size:9pt">PRETAX INCOME </P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>2,243</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>2,087</P>
</TD><TD valign=top width=70.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>1,904</P>
</TD><TD valign=top width=58.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>6,234</P>
</TD></TR>
<TR><TD valign=top width=232.8><P style="line-height:11pt; margin:0px; font-size:9pt">Income tax expense </P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>678</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>655</P>
</TD><TD valign=top width=70.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>597</P>
</TD><TD valign=top width=58.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>1,930</P>
</TD></TR>
<TR><TD valign=top width=232.8><P style="line-height:11pt; margin:0px; font-size:9pt">NET INCOME</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>1,565</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>1,432</P>
</TD><TD valign=top width=70.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>1,307</P>
</TD><TD valign=top width=58.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>4,304</P>
</TD></TR>
<TR><TD valign=top width=232.8><P style="line-height:11pt; margin:0px; font-size:9pt">Preferred stock dividends </P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>263</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>262</P>
</TD><TD valign=top width=70.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>251</P>
</TD><TD valign=top width=58.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>776</P>
</TD></TR>
<TR><TD valign=top width=232.8><P style="line-height:11pt; margin:0px; font-size:9pt">NET INCOME AVAILABLE TO COMMON SHAREHOLDERS</P>
</TD><TD valign=top width=64.4><P style="margin:0px" align=right><BR></P>
<P style="line-height:11pt; margin:0px; font-size:9pt" align=right>$1,302</P>
</TD><TD valign=top width=64.4><P style="margin:0px" align=right><BR></P>
<P style="line-height:11pt; margin:0px; font-size:9pt" align=right>$1,170</P>
</TD><TD valign=top width=70.4><P style="margin:0px" align=right><BR></P>
<P style="line-height:11pt; margin:0px; font-size:9pt" align=right>$1,056</P>
</TD><TD valign=top width=58.4><P style="margin:0px" align=right><BR></P>
<P style="line-height:11pt; margin:0px; font-size:9pt" align=right>$3,528</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px; padding-left:38.4px; text-indent:259.6px">2011</P>
<TABLE style="font-size:10pt" cellspacing=0><TR style="font-size:0"><TD width=232.8></TD><TD width=64.4></TD><TD width=64.4></TD><TD width=76.4></TD><TD width=76.4></TD></TR>
<TR><TD valign=top width=232.8><P>&nbsp;</P></TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=center>1QTR</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=center>2QTR</P>
</TD><TD valign=top width=76.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=center>3QTR</P>
</TD><TD valign=top width=76.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=center>YEAR</P>
</TD></TR>
<TR><TD valign=top width=232.8><P style="line-height:11pt; margin:0px; font-size:9pt">INTEREST INCOME</P>
</TD><TD valign=top width=64.4><P>&nbsp;</P></TD><TD valign=top width=64.4><P>&nbsp;</P></TD><TD valign=top width=76.4><P>&nbsp;</P></TD><TD valign=top width=76.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=center>TO DATE</P>
</TD></TR>
<TR><TD valign=top width=232.8><P style="line-height:11pt; margin:0px; font-size:9pt">Interest and fees on loans</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>$9,083</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>$8,804</P>
</TD><TD valign=top width=76.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>$8,888</P>
</TD><TD valign=top width=76.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>$26,775</P>
</TD></TR>
<TR><TD valign=top width=232.8><P style="line-height:11pt; margin:0px; font-size:9pt">Total investment portfolio</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>1,513</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>1,726</P>
</TD><TD valign=top width=76.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>1,604</P>
</TD><TD valign=top width=76.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>4,843</P>
</TD></TR>
<TR><TD valign=top width=232.8><P style="line-height:11pt; margin:0px; font-size:9pt">Total Interest Income</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>10,596</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>10,530</P>
</TD><TD valign=top width=76.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>10,492</P>
</TD><TD valign=top width=76.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>31,618</P>
</TD></TR>
<TR><TD valign=top width=232.8><P>&nbsp;</P></TD><TD valign=top width=64.4><P>&nbsp;</P></TD><TD valign=top width=64.4><P>&nbsp;</P></TD><TD valign=top width=76.4><P>&nbsp;</P></TD><TD valign=top width=76.4><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=232.8><P style="line-height:11pt; margin:0px; font-size:9pt">INTEREST EXPENSE</P>
</TD><TD valign=top width=64.4><P>&nbsp;</P></TD><TD valign=top width=64.4><P>&nbsp;</P></TD><TD valign=top width=76.4><P>&nbsp;</P></TD><TD valign=top width=76.4><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=232.8><P style="line-height:11pt; margin:0px; font-size:9pt">Deposits</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>2,294</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>2,106</P>
</TD><TD valign=top width=76.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>2,038</P>
</TD><TD valign=top width=76.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>6,438</P>
</TD></TR>
<TR><TD valign=top width=232.8><P style="line-height:11pt; margin:0px; font-size:9pt">All borrowings</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>336</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>338</P>
</TD><TD valign=top width=76.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>336</P>
</TD><TD valign=top width=76.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>1,010</P>
</TD></TR>
<TR><TD valign=top width=232.8><P style="line-height:11pt; margin:0px; font-size:9pt">Total Interest Expense</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>2,630</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>2,444</P>
</TD><TD valign=top width=76.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>2,374</P>
</TD><TD valign=top width=76.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>7,448</P>
</TD></TR>
<TR><TD valign=top width=232.8><P>&nbsp;</P></TD><TD valign=top width=64.4><P>&nbsp;</P></TD><TD valign=top width=64.4><P>&nbsp;</P></TD><TD valign=top width=76.4><P>&nbsp;</P></TD><TD valign=top width=76.4><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=232.8><P style="line-height:11pt; margin:0px; font-size:9pt">NET INTEREST INCOME</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>7,966</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>8,086</P>
</TD><TD valign=top width=76.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>8,118</P>
</TD><TD valign=top width=76.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>24,170</P>
</TD></TR>
<TR><TD valign=top width=232.8><P style="line-height:11pt; margin:0px; font-size:9pt">Provision (credit) for loan losses</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>(600)</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>(1,175)</P>
</TD><TD valign=top width=76.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>(550)</P>
</TD><TD valign=top width=76.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>(2,325)</P>
</TD></TR>
<TR><TD valign=top width=232.8><P style="line-height:11pt; margin:0px; font-size:9pt">NET INTEREST INCOME AFTER</P>
<P style="line-height:11pt; margin:0px; font-size:9pt">&nbsp;&nbsp;&nbsp;PROVISION (CREDIT) FOR LOAN </P>
<P style="line-height:11pt; margin:0px; font-size:9pt">&nbsp;&nbsp;&nbsp;LOSSES</P>
</TD><TD valign=top width=64.4><P style="margin:0px" align=right><BR></P>
<P style="margin:0px" align=right><BR></P>
<P style="line-height:11pt; margin:0px; font-size:9pt" align=right>8,566</P>
</TD><TD valign=top width=64.4><P style="margin:0px" align=right><BR></P>
<P style="margin:0px" align=right><BR></P>
<P style="line-height:11pt; margin:0px; font-size:9pt" align=right>9,261</P>
</TD><TD valign=top width=76.4><P style="margin:0px" align=right><BR></P>
<P style="margin:0px" align=right><BR></P>
<P style="line-height:11pt; margin:0px; font-size:9pt" align=right>8,668</P>
</TD><TD valign=top width=76.4><P style="margin:0px" align=right><BR></P>
<P style="margin:0px" align=right><BR></P>
<P style="line-height:11pt; margin:0px; font-size:9pt" align=right>26,495</P>
</TD></TR>
<TR><TD valign=top width=232.8><P>&nbsp;</P></TD><TD valign=top width=64.4><P>&nbsp;</P></TD><TD valign=top width=64.4><P>&nbsp;</P></TD><TD valign=top width=76.4><P>&nbsp;</P></TD><TD valign=top width=76.4><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=232.8><P style="line-height:11pt; margin:0px; font-size:9pt">NON-INTEREST INCOME</P>
</TD><TD valign=top width=64.4><P>&nbsp;</P></TD><TD valign=top width=64.4><P>&nbsp;</P></TD><TD valign=top width=76.4><P>&nbsp;</P></TD><TD valign=top width=76.4><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=232.8><P style="line-height:11pt; margin:0px; font-size:9pt">Trust fees</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>1,556</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>1,617</P>
</TD><TD valign=top width=76.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>1,570</P>
</TD><TD valign=top width=76.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>4,743</P>
</TD></TR>
<TR><TD valign=top width=232.8><P style="line-height:11pt; margin:0px; font-size:9pt">Investment advisory fees</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>198</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>198</P>
</TD><TD valign=top width=76.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>172</P>
</TD><TD valign=top width=76.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>568</P>
</TD></TR>
<TR><TD valign=top width=232.8><P style="line-height:11pt; margin:0px; font-size:9pt">Net realized losses on investment securities</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>(358)</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>-</P>
</TD><TD valign=top width=76.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>-</P>
</TD><TD valign=top width=76.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>(358)</P>
</TD></TR>
<TR><TD valign=top width=232.8><P style="line-height:11pt; margin:0px; font-size:9pt">Net realized gains on loans held for sale</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>262</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>155</P>
</TD><TD valign=top width=76.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>186</P>
</TD><TD valign=top width=76.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>603</P>
</TD></TR>
<TR><TD valign=top width=232.8><P style="line-height:11pt; margin:0px; font-size:9pt">Service charges on deposit accounts</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>472</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>549</P>
</TD><TD valign=top width=76.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>640</P>
</TD><TD valign=top width=76.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>1,661</P>
</TD></TR>
<TR><TD valign=top width=232.8><P style="line-height:11pt; margin:0px; font-size:9pt">Bank owned life insurance</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>216</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>218</P>
</TD><TD valign=top width=76.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>227</P>
</TD><TD valign=top width=76.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>661</P>
</TD></TR>
<TR><TD valign=top width=232.8><P style="line-height:11pt; margin:0px; font-size:9pt">Other income</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>759</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>717</P>
</TD><TD valign=top width=76.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>729</P>
</TD><TD valign=top width=76.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>2,205</P>
</TD></TR>
<TR><TD valign=top width=232.8><P style="line-height:11pt; margin:0px; font-size:9pt">Total Non-interest Income</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>3,105</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>3,454</P>
</TD><TD valign=top width=76.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>3,524</P>
</TD><TD valign=top width=76.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>10,083</P>
</TD></TR>
<TR><TD valign=top width=232.8><P>&nbsp;</P></TD><TD valign=top width=64.4><P>&nbsp;</P></TD><TD valign=top width=64.4><P>&nbsp;</P></TD><TD valign=top width=76.4><P>&nbsp;</P></TD><TD valign=top width=76.4><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=232.8><P style="line-height:11pt; margin:0px; font-size:9pt">NON-INTEREST EXPENSE</P>
</TD><TD valign=top width=64.4><P>&nbsp;</P></TD><TD valign=top width=64.4><P>&nbsp;</P></TD><TD valign=top width=76.4><P>&nbsp;</P></TD><TD valign=top width=76.4><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=232.8><P style="line-height:11pt; margin:0px; font-size:9pt">Salaries and employee benefits</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>5,500</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>5,574</P>
</TD><TD valign=top width=76.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>5,702</P>
</TD><TD valign=top width=76.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>16,776</P>
</TD></TR>
<TR><TD valign=top width=232.8><P style="line-height:11pt; margin:0px; font-size:9pt">Net occupancy expense</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>757</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>742</P>
</TD><TD valign=top width=76.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>680</P>
</TD><TD valign=top width=76.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>2,179</P>
</TD></TR>
<TR><TD valign=top width=232.8><P style="line-height:11pt; margin:0px; font-size:9pt">Equipment expense</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>429</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>411</P>
</TD><TD valign=top width=76.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>435</P>
</TD><TD valign=top width=76.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>1,275</P>
</TD></TR>
<TR><TD valign=top width=232.8><P style="line-height:11pt; margin:0px; font-size:9pt">Professional fees</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>980</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>911</P>
</TD><TD valign=top width=76.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>983</P>
</TD><TD valign=top width=76.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>2,874</P>
</TD></TR>
<TR><TD valign=top width=232.8><P style="line-height:11pt; margin:0px; font-size:9pt">FDIC deposit insurance expense</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>462</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>460</P>
</TD><TD valign=top width=76.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>262</P>
</TD><TD valign=top width=76.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>1,184</P>
</TD></TR>
<TR><TD valign=top width=232.8><P style="line-height:11pt; margin:0px; font-size:9pt">Other expenses </P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>1,791</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>1,779</P>
</TD><TD valign=top width=76.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>1,820</P>
</TD><TD valign=top width=76.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>5,390</P>
</TD></TR>
<TR><TD valign=top width=232.8><P style="line-height:11pt; margin:0px; font-size:9pt">Total Non-interest Expense</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>9,919</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>9,877</P>
</TD><TD valign=top width=76.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>9,882</P>
</TD><TD valign=top width=76.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>29,678</P>
</TD></TR>
<TR><TD valign=top width=232.8><P>&nbsp;</P></TD><TD valign=top width=64.4><P>&nbsp;</P></TD><TD valign=top width=64.4><P>&nbsp;</P></TD><TD valign=top width=76.4><P>&nbsp;</P></TD><TD valign=top width=76.4><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=232.8><P style="line-height:11pt; margin:0px; font-size:9pt">PRETAX INCOME</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>1,752</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>2,838</P>
</TD><TD valign=top width=76.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>2,310</P>
</TD><TD valign=top width=76.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>6,900</P>
</TD></TR>
<TR><TD valign=top width=232.8><P style="line-height:11pt; margin:0px; font-size:9pt">Income tax expense </P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>489</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>900</P>
</TD><TD valign=top width=76.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>744</P>
</TD><TD valign=top width=76.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>2,133</P>
</TD></TR>
<TR><TD valign=top width=232.8><P style="line-height:11pt; margin:0px; font-size:9pt">NET INCOME </P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>1,263</P>
</TD><TD valign=top width=64.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>1,938</P>
</TD><TD valign=top width=76.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>1,566</P>
</TD><TD valign=top width=76.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>4,767</P>
</TD></TR>
<TR><TD valign=top width=232.8><P style="line-height:11pt; margin:0px; font-size:9pt">Preferred stock dividends and accretion of</P>
<P style="line-height:11pt; margin:0px; font-size:9pt">&nbsp;&nbsp;&nbsp;preferred stock &nbsp;</P>
</TD><TD valign=top width=64.4><P style="margin:0px" align=right><BR></P>
<P style="line-height:11pt; margin:0px; font-size:9pt" align=right>290</P>
</TD><TD valign=top width=64.4><P style="margin:0px" align=right><BR></P>
<P style="line-height:11pt; margin:0px; font-size:9pt" align=right>290</P>
</TD><TD valign=top width=76.4><P style="margin:0px" align=right><BR></P>
<P style="line-height:11pt; margin:0px; font-size:9pt" align=right>539</P>
</TD><TD valign=top width=76.4><P style="margin:0px" align=right><BR></P>
<P style="line-height:11pt; margin:0px; font-size:9pt" align=right>1,119</P>
</TD></TR>
<TR><TD valign=top width=232.8><P style="line-height:11pt; margin:0px; font-size:9pt">NET INCOME AVAILABLE TO COMMON SHAREHOLDERS</P>
</TD><TD valign=top width=64.4><P style="margin:0px" align=right><BR></P>
<P style="line-height:11pt; margin:0px; font-size:9pt" align=right>$973</P>
</TD><TD valign=top width=64.4><P style="margin:0px" align=right><BR></P>
<P style="line-height:11pt; margin:0px; font-size:9pt" align=right>$1,648</P>
</TD><TD valign=top width=76.4><P style="margin:0px" align=right><BR></P>
<P style="line-height:11pt; margin:0px; font-size:9pt" align=right>$1,027</P>
</TD><TD valign=top width=76.4><P style="margin:0px" align=right><BR></P>
<P style="line-height:11pt; margin:0px; font-size:9pt" align=right>$3,648</P>
</TD></TR>
</TABLE>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center>AMERISERV FINANCIAL, INC.</P>
<P style="margin:0px" align=center>Nasdaq: ASRV</P>
<P style="margin:0px" align=center>Average Balance Sheet Data (In thousands)</P>
<P style="margin:0px" align=center>(Unaudited)</P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:36px; padding-right:-43.2px; text-indent:304.667px">2012</P>
<P style="margin:0px; padding-left:36px; padding-right:-43.2px; text-indent:466.667px">2011</P>
<TABLE style="font-size:10pt" cellspacing=0><TR style="font-size:0"><TD width=268.533></TD><TD width=81.067></TD><TD width=81.067></TD><TD width=81.067></TD><TD width=81.067></TD></TR>
<TR><TD valign=top width=268.533><P>&nbsp;</P></TD><TD valign=top width=81.067><P>&nbsp;</P></TD><TD valign=top width=81.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=center>NINE</P>
</TD><TD valign=top width=81.067><P>&nbsp;</P></TD><TD valign=top width=81.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=center>NINE</P>
</TD></TR>
<TR><TD valign=top width=268.533><P>&nbsp;</P></TD><TD valign=top width=81.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=center>3QTR</P>
</TD><TD valign=top width=81.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=center>MONTHS</P>
</TD><TD valign=top width=81.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=center>3QTR</P>
</TD><TD valign=top width=81.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=center>MONTHS</P>
</TD></TR>
<TR><TD valign=top width=268.533><P style="line-height:11pt; margin:0px; font-size:9pt">Interest earning assets:</P>
</TD><TD valign=top width=81.067><P>&nbsp;</P></TD><TD valign=top width=81.067><P>&nbsp;</P></TD><TD valign=top width=81.067><P>&nbsp;</P></TD><TD valign=top width=81.067><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=268.533><P style="line-height:11pt; margin:0px; font-size:9pt">Loans and loans held for sale, net of unearned </P>
<P style="line-height:11pt; margin:0px; font-size:9pt">&nbsp;&nbsp;&nbsp;&nbsp;income</P>
</TD><TD valign=top width=81.067><P style="margin:0px" align=right><BR></P>
<P style="line-height:11pt; margin:0px; font-size:9pt" align=right>$701,104</P>
</TD><TD valign=top width=81.067><P style="margin:0px" align=right><BR></P>
<P style="line-height:11pt; margin:0px; font-size:9pt" align=right>$678,995</P>
</TD><TD valign=top width=81.067><P style="margin:0px" align=right><BR></P>
<P style="line-height:11pt; margin:0px; font-size:9pt" align=right>$663,230</P>
</TD><TD valign=top width=81.067><P style="margin:0px" align=right><BR></P>
<P style="line-height:11pt; margin:0px; font-size:9pt" align=right>$658,442</P>
</TD></TR>
<TR><TD valign=top width=268.533><P style="line-height:11pt; margin:0px; font-size:9pt">Deposits with banks</P>
</TD><TD valign=top width=81.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>5,265</P>
</TD><TD valign=top width=81.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>8,870</P>
</TD><TD valign=top width=81.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>9,861</P>
</TD><TD valign=top width=81.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>4,546</P>
</TD></TR>
<TR><TD valign=top width=268.533><P style="line-height:11pt; margin:0px; font-size:9pt">Short-term investment in money market funds</P>
</TD><TD valign=top width=81.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>4,717</P>
</TD><TD valign=top width=81.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>4,567</P>
</TD><TD valign=top width=81.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>3,547</P>
</TD><TD valign=top width=81.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>3,451</P>
</TD></TR>
<TR><TD valign=top width=268.533><P style="line-height:11pt; margin:0px; font-size:9pt">Federal funds sold</P>
</TD><TD valign=top width=81.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>-</P>
</TD><TD valign=top width=81.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>-</P>
</TD><TD valign=top width=81.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>-</P>
</TD><TD valign=top width=81.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>7,784</P>
</TD></TR>
<TR><TD valign=top width=268.533><P style="line-height:11pt; margin:0px; font-size:9pt">Total investment securities</P>
</TD><TD valign=top width=81.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>187,474</P>
</TD><TD valign=top width=81.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>190,662</P>
</TD><TD valign=top width=81.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>199,228</P>
</TD><TD valign=top width=81.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>198,580</P>
</TD></TR>
<TR><TD valign=top width=268.533><P>&nbsp;</P></TD><TD valign=top width=81.067><P>&nbsp;</P></TD><TD valign=top width=81.067><P>&nbsp;</P></TD><TD valign=top width=81.067><P>&nbsp;</P></TD><TD valign=top width=81.067><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=268.533><P style="line-height:11pt; margin:0px; font-size:9pt">Total interest earning assets</P>
</TD><TD valign=top width=81.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>898,560</P>
</TD><TD valign=top width=81.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>883,094</P>
</TD><TD valign=top width=81.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>875,866</P>
</TD><TD valign=top width=81.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>872,803</P>
</TD></TR>
<TR><TD valign=top width=268.533><P>&nbsp;</P></TD><TD valign=top width=81.067><P>&nbsp;</P></TD><TD valign=top width=81.067><P>&nbsp;</P></TD><TD valign=top width=81.067><P>&nbsp;</P></TD><TD valign=top width=81.067><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=268.533><P style="line-height:11pt; margin:0px; font-size:9pt">Non-interest earning assets:</P>
</TD><TD valign=top width=81.067><P>&nbsp;</P></TD><TD valign=top width=81.067><P>&nbsp;</P></TD><TD valign=top width=81.067><P>&nbsp;</P></TD><TD valign=top width=81.067><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=268.533><P style="line-height:11pt; margin:0px; font-size:9pt">Cash and due from banks</P>
</TD><TD valign=top width=81.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>17,090</P>
</TD><TD valign=top width=81.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>16,775</P>
</TD><TD valign=top width=81.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>16,228</P>
</TD><TD valign=top width=81.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>15,598</P>
</TD></TR>
<TR><TD valign=top width=268.533><P style="line-height:11pt; margin:0px; font-size:9pt">Premises and equipment</P>
</TD><TD valign=top width=81.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>11,019</P>
</TD><TD valign=top width=81.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>10,925</P>
</TD><TD valign=top width=81.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>10,535</P>
</TD><TD valign=top width=81.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>10,504</P>
</TD></TR>
<TR><TD valign=top width=268.533><P style="line-height:11pt; margin:0px; font-size:9pt">Other assets</P>
</TD><TD valign=top width=81.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>81,526</P>
</TD><TD valign=top width=81.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>81,793</P>
</TD><TD valign=top width=81.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>79,342</P>
</TD><TD valign=top width=81.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>79,323</P>
</TD></TR>
<TR><TD valign=top width=268.533><P style="line-height:11pt; margin:0px; font-size:9pt">Allowance for loan losses</P>
</TD><TD valign=top width=81.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>(13,167)</P>
</TD><TD valign=top width=81.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>(13,830)</P>
</TD><TD valign=top width=81.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>(17,032)</P>
</TD><TD valign=top width=81.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>(18,309)</P>
</TD></TR>
<TR><TD valign=top width=268.533><P>&nbsp;</P></TD><TD valign=top width=81.067><P>&nbsp;</P></TD><TD valign=top width=81.067><P>&nbsp;</P></TD><TD valign=top width=81.067><P>&nbsp;</P></TD><TD valign=top width=81.067><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=268.533><P style="line-height:11pt; margin:0px; font-size:9pt">Total assets</P>
</TD><TD valign=top width=81.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>$995,028</P>
</TD><TD valign=top width=81.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>$978,757</P>
</TD><TD valign=top width=81.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>$964,939</P>
</TD><TD valign=top width=81.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>$959,919</P>
</TD></TR>
<TR><TD valign=top width=268.533><P>&nbsp;</P></TD><TD valign=top width=81.067><P>&nbsp;</P></TD><TD valign=top width=81.067><P>&nbsp;</P></TD><TD valign=top width=81.067><P>&nbsp;</P></TD><TD valign=top width=81.067><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=268.533><P style="line-height:11pt; margin:0px; font-size:9pt">Interest bearing liabilities:</P>
</TD><TD valign=top width=81.067><P>&nbsp;</P></TD><TD valign=top width=81.067><P>&nbsp;</P></TD><TD valign=top width=81.067><P>&nbsp;</P></TD><TD valign=top width=81.067><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=268.533><P style="line-height:11pt; margin:0px; font-size:9pt">Interest bearing deposits:</P>
</TD><TD valign=top width=81.067><P>&nbsp;</P></TD><TD valign=top width=81.067><P>&nbsp;</P></TD><TD valign=top width=81.067><P>&nbsp;</P></TD><TD valign=top width=81.067><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=268.533><P style="line-height:11pt; margin:0px; font-size:9pt">Interest bearing demand</P>
</TD><TD valign=top width=81.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>$63,321</P>
</TD><TD valign=top width=81.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>$59,703</P>
</TD><TD valign=top width=81.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>$59,099</P>
</TD><TD valign=top width=81.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>$57,143</P>
</TD></TR>
<TR><TD valign=top width=268.533><P style="line-height:11pt; margin:0px; font-size:9pt">Savings</P>
</TD><TD valign=top width=81.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>86,373</P>
</TD><TD valign=top width=81.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>85,152</P>
</TD><TD valign=top width=81.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>83,280</P>
</TD><TD valign=top width=81.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>81,241</P>
</TD></TR>
<TR><TD valign=top width=268.533><P style="line-height:11pt; margin:0px; font-size:9pt">Money market</P>
</TD><TD valign=top width=81.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>216,644</P>
</TD><TD valign=top width=81.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>208,414</P>
</TD><TD valign=top width=81.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>193,921</P>
</TD><TD valign=top width=81.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>190,642</P>
</TD></TR>
<TR><TD valign=top width=268.533><P style="line-height:11pt; margin:0px; font-size:9pt">Other time</P>
</TD><TD valign=top width=81.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>328,410</P>
</TD><TD valign=top width=81.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>330,073</P>
</TD><TD valign=top width=81.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>346,639</P>
</TD><TD valign=top width=81.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>352,643</P>
</TD></TR>
<TR><TD valign=top width=268.533><P style="line-height:11pt; margin:0px; font-size:9pt">Total interest bearing deposits</P>
</TD><TD valign=top width=81.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>694,748</P>
</TD><TD valign=top width=81.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>683,342</P>
</TD><TD valign=top width=81.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>682,939</P>
</TD><TD valign=top width=81.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>681,669</P>
</TD></TR>
<TR><TD valign=top width=268.533><P style="line-height:11pt; margin:0px; font-size:9pt">Borrowings:</P>
</TD><TD valign=top width=81.067><P>&nbsp;</P></TD><TD valign=top width=81.067><P>&nbsp;</P></TD><TD valign=top width=81.067><P>&nbsp;</P></TD><TD valign=top width=81.067><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=268.533><P style="line-height:11pt; margin:0px; font-size:9pt">Federal funds purchased and other short- term</P>
<P style="line-height:11pt; margin:0px; font-size:9pt">&nbsp;&nbsp;&nbsp;&nbsp;borrowings</P>
</TD><TD valign=top width=81.067><P style="margin:0px" align=right><BR></P>
<P style="line-height:11pt; margin:0px; font-size:9pt" align=right>3,808</P>
</TD><TD valign=top width=81.067><P style="margin:0px" align=right><BR></P>
<P style="line-height:11pt; margin:0px; font-size:9pt" align=right>2,827</P>
</TD><TD valign=top width=81.067><P style="margin:0px" align=right><BR></P>
<P style="line-height:11pt; margin:0px; font-size:9pt" align=right>227</P>
</TD><TD valign=top width=81.067><P style="margin:0px" align=right><BR></P>
<P style="line-height:11pt; margin:0px; font-size:9pt" align=right>507</P>
</TD></TR>
<TR><TD valign=top width=268.533><P style="line-height:11pt; margin:0px; font-size:9pt">Advances from Federal Home Loan Bank</P>
</TD><TD valign=top width=81.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>4,417</P>
</TD><TD valign=top width=81.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>5,683</P>
</TD><TD valign=top width=81.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>9,715</P>
</TD><TD valign=top width=81.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>9,729</P>
</TD></TR>
<TR><TD valign=top width=268.533><P style="line-height:11pt; margin:0px; font-size:9pt">Guaranteed junior subordinated deferrable interest</P>
<P style="line-height:11pt; margin:0px; font-size:9pt">&nbsp;&nbsp;&nbsp;&nbsp;debentures</P>
</TD><TD valign=top width=81.067><P style="margin:0px" align=right><BR></P>
<P style="line-height:11pt; margin:0px; font-size:9pt" align=right>13,085</P>
</TD><TD valign=top width=81.067><P style="margin:0px" align=right><BR></P>
<P style="line-height:11pt; margin:0px; font-size:9pt" align=right>13,085</P>
</TD><TD valign=top width=81.067><P style="margin:0px" align=right><BR></P>
<P style="line-height:11pt; margin:0px; font-size:9pt" align=right>13,085</P>
</TD><TD valign=top width=81.067><P style="margin:0px" align=right><BR></P>
<P style="line-height:11pt; margin:0px; font-size:9pt" align=right>13,085</P>
</TD></TR>
<TR><TD valign=top width=268.533><P style="line-height:11pt; margin:0px; font-size:9pt">Total interest bearing liabilities</P>
</TD><TD valign=top width=81.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>716,058</P>
</TD><TD valign=top width=81.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>704,937</P>
</TD><TD valign=top width=81.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>705,966</P>
</TD><TD valign=top width=81.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>704,990</P>
</TD></TR>
<TR><TD valign=top width=268.533><P>&nbsp;</P></TD><TD valign=top width=81.067><P>&nbsp;</P></TD><TD valign=top width=81.067><P>&nbsp;</P></TD><TD valign=top width=81.067><P>&nbsp;</P></TD><TD valign=top width=81.067><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=268.533><P style="line-height:11pt; margin:0px; font-size:9pt">Non-interest bearing liabilities:</P>
</TD><TD valign=top width=81.067><P>&nbsp;</P></TD><TD valign=top width=81.067><P>&nbsp;</P></TD><TD valign=top width=81.067><P>&nbsp;</P></TD><TD valign=top width=81.067><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=268.533><P style="line-height:11pt; margin:0px; font-size:9pt">&nbsp;&nbsp;Demand deposits</P>
</TD><TD valign=top width=81.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>150,844</P>
</TD><TD valign=top width=81.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>146,229</P>
</TD><TD valign=top width=81.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>134,767</P>
</TD><TD valign=top width=81.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>133,465</P>
</TD></TR>
<TR><TD valign=top width=268.533><P style="line-height:11pt; margin:0px; font-size:9pt">&nbsp;&nbsp;Other liabilities</P>
</TD><TD valign=top width=81.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>16,467</P>
</TD><TD valign=top width=81.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>15,970</P>
</TD><TD valign=top width=81.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>11,634</P>
</TD><TD valign=top width=81.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>11,691</P>
</TD></TR>
<TR><TD valign=top width=268.533><P style="line-height:11pt; margin:0px; font-size:9pt">Shareholders&#146; equity</P>
</TD><TD valign=top width=81.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>111,659</P>
</TD><TD valign=top width=81.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>111,621</P>
</TD><TD valign=top width=81.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>112,572</P>
</TD><TD valign=top width=81.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>109,773</P>
</TD></TR>
<TR><TD valign=top width=268.533><P style="line-height:11pt; margin:0px; font-size:9pt">Total liabilities and shareholders&#146; equity</P>
</TD><TD valign=top width=81.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>$995,028</P>
</TD><TD valign=top width=81.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>$978,757</P>
</TD><TD valign=top width=81.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>$964,939</P>
</TD><TD valign=top width=81.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>$959,919</P>
</TD></TR>
</TABLE>
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