<SEC-DOCUMENT>0000707605-13-000006.txt : 20130122
<SEC-HEADER>0000707605-13-000006.hdr.sgml : 20130121
<ACCEPTANCE-DATETIME>20130122151552
ACCESSION NUMBER:		0000707605-13-000006
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20130122
ITEM INFORMATION:		Results of Operations and Financial Condition
FILED AS OF DATE:		20130122
DATE AS OF CHANGE:		20130122

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:		13540138

	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>dec128k.htm
<DESCRIPTION>PRESS RELEASE ANNOUNCING THE 4TH QTR AND FULL YEAR 2012 RESULTS
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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) January 22<A NAME="QuickMark"></A>, 2013</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>
<P style="margin:0px; font-family:Courier New" align=justify>Exchange Act (17 CFR 240.14d-2(b))</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>
<P style="margin:0px; font-family:Courier New" align=justify>Exchange Act (17 CFR 240.13e-4c))</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 fourth quarter and full year 2012 results through December 31, 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 January 22, 2013, announcing the fourth quarter and full year 2012 results through December 31, 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>
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<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: January 22, 2013 </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:18pt; margin:0px; padding-left:48px; padding-right:19.2px; font-size:16pt"><B>AMERISERV FINANCIAL REPORTS EARNINGS FOR THE FOURTH QUARTER AND FULL YEAR 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 fourth quarter 2012 net income available to common shareholders of $683,000 or $0.04 per diluted common share. &nbsp;This represented a 42.9% decrease in earnings per share from the fourth quarter of 2011 where net income available to common shareholders totaled $1,505,000 or $0.07 per diluted common share. &nbsp;For the year ended December 31, 2012, the Company reported net income available to common shareholders of $4,211,000 or $0.21 per diluted share. &nbsp;This represented a 12.5% decline in earnings per share from the full year 2011 where net income available to common shareholders totaled $5,153,000 or $0.24 per diluted share. &nbsp;The largest factor causing the reduction in net income for both the fourth quarter and full year of 2012 was the provision for loan losses. &nbsp;The Company recorded a $550,000 loan loss provision in the fourth quarter of 2012 compared to a negative loan loss provision of $1,250,000 in the fourth quarter of 2011. &nbsp;For the full year 2012, the Company recorded a negative provision of $775,000 but this was at a lesser level than the $3,575,000 negative provision for the 2011 year. &nbsp;The following table highlights the Company&#146;s financial performance for both the quarters and years ended December 31, 2012 and 2011: &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=178.267></TD><TD width=121.467></TD><TD width=122.2></TD><TD width=17.733></TD><TD width=138.867></TD><TD width=136.933></TD></TR>
<TR><TD style="border:1px solid #000000" valign=top width=178.267><P>&nbsp;</P></TD><TD style="border-top:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=121.467><P style="margin:0px" align=center>Fourth Quarter 2012</P>
</TD><TD style="border-top:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=122.2><P style="margin:0px" align=center>Fourth Quarter 2011</P>
</TD><TD style="border-top:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=17.733><P>&nbsp;</P></TD><TD style="border-top:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=138.867><P style="margin:0px" align=center>Year Ended</P>
<P style="margin:0px" align=center>December 31, 2012</P>
</TD><TD style="border-top:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=136.933><P style="margin:0px" align=center>Year Ended</P>
<P style="margin:0px" align=center>December 31, 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=178.267><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=121.467><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=122.2><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=17.733><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=138.867><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=136.933><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=178.267><P style="margin:0px">Net income </P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=121.467><P style="margin:0px" align=right>$735,000 </P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=122.2><P style="margin:0px" align=right>$1,770,000</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=17.733><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=138.867><P style="margin:0px" align=right>$5,039,000</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=136.933><P style="margin:0px" align=right>$6,537,000</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=178.267><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=121.467><P style="margin:0px" align=right><BR></P>
<P style="margin:0px" align=right>$683,000</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=122.2><P style="margin:0px" align=right><BR></P>
<P style="margin:0px" align=right>$1,505,000</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=17.733><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=138.867><P style="margin:0px" align=right><BR></P>
<P style="margin:0px" align=right>$4,211,000</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=136.933><P style="margin:0px" align=right><BR></P>
<P style="margin:0px" align=right>$5,153,000</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=178.267><P style="margin:0px">Diluted earnings per share</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=121.467><P style="margin:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$ 0.04</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=122.2><P style="margin:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$ 0.07</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=17.733><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=138.867><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;$ 0.21</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=136.933><P style="margin:0px" align=right>$0.24</P>
</TD></TR>
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<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 2012 financial results: &#147;AmeriServ Financial was able to accomplish several important strategic initiatives during 2012. &nbsp;We have now reported seven consecutive quarters of loan growth which has caused our total loan portfolio to increase by $61 million or 9.1% for the full year 2012. &nbsp;Our new loan production offices contributed to this growth in loan categories that qualify for the Small Business Lending Fund (SBLF) and as a result we will continue to pay the lowest preferred share dividend rate available under the program. &nbsp;I was also pleased with our strong growth in non-interest revenue in 2012 which reflected a record year in residential mortgage related revenues and a second consecutive year of double digit growth in the net income contribution from our wealth management businesses. &nbsp;Finally, we are well positioned for further growth in 2013 which will be supported by our strong and conservative balance sheet. &nbsp;We ended 2012 with our allowance for loan losses providing 210% coverage of non-performing loans and a tier one capital to average assets ratio of 11.44%.&#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 stable this year as it decreased by $31,000 or 0.4% in the fourth quarter of 2012 from the prior year&#146;s fourth quarter and for the full year 2012 decreased by only $80,000 or 0.2% when compared to the full year 2011. &nbsp;The Company&#146;s full year 2012 net interest margin of 3.65% was seven basis points lower than the net interest margin of 3.72% for the 2011 year. &nbsp;The decreased net interest margin reflects the challenges of a flatter yield curve which has pressured interest revenue in 2012 and demonstrates the impact of Federal Reserve low interest rate policies. &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 seven consecutive quarters and now are $61 million or 9.1% higher than they were at December 31, 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 $2,047,000 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, total interest expense for the full year of 2012 declined by $1,967,000 from the 2011 year 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 $19 million or 2.4% over the past year. &nbsp;The Company continues to maintain strong liquidity as evidenced by a loan to deposit ratio of 87.6% at December 31, 2012. &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 recorded a $550,000 provision for loan losses in the fourth quarter of 2012 compared to a $1,250,000 negative provision recorded in the fourth quarter of 2011. &nbsp;The $550,000 provision was needed to address a $1.9 million increase in non-performing assets that occurred during the fourth quarter of 2012. &nbsp;This increase largely relates to one problem commercial real estate loan which had been on our watch list and reflects the Company&#146;s consistent practice of quickly identifying and managing problem credits in order to minimize losses during the workout process. &nbsp;Even with this uptick, non-performing assets are still at a very manageable level at December 31, 2012, as they now total $7.2 million or 0.99% of total loans. &nbsp;For the full year 2012, the Company was able to reverse a portion of the allowance for loan losses into earnings while still maintaining strong coverage ratios. &nbsp;For the 2012 year, the negative loan loss provision amounted to $775,000 compared to a $3,575,000 negative provision for the 2011 year. &nbsp;Consequently, there has been $2.8 million less earnings benefit from negative loan loss provisions in 2012. &nbsp;The Company continued to realize overall low levels of net charge-offs during 2012, despite an increase in the fourth quarter. &nbsp;Specifically, net charge-offs for the 2012 year totaled $1.3 million or 0.19% of total loans which represents a decrease from the 2011 year when net charge-offs totaled $1.6 million or 0.24% of total loans. &nbsp;Criticized and classified loans also dropped by $4.2 million or 8.5% during the past 12 months. &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 210% coverage of non-performing loans, and was 1.72% of total loans, at December 31, 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 strong growth in non-interest income has also been a financial performance highlight in 2012. &nbsp;Total non-interest income in the fourth quarter of 2012 increased by $401,000 or 11.5% from the prior year&#146;s fourth quarter and for the full year 2012 increased by $1.4 million or 10.1% when compared to the 2011 year. &nbsp;The 2012 non-interest income increase was driven by increased revenue from residential mortgage banking activities and our Trust Company&#146;s wealth management businesses. &nbsp;Specifically, gains realized on residential mortgage loan sales into the secondary market increased by $134,000 for the fourth quarter and by $320,000 or 39.4% for the full year due to increased mortgage loan production in 2012. &nbsp;The higher residential mortgage loan production reflected both increased purchase and refinance activity. &nbsp;Trust fees also increased by $239,000 for the fourth quarter and by $354,000 for the full year as our wealth management businesses benefited from the implementation of new fee schedules and improved asset values under management 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 $34,000 quarterly increase and $411,000 full year increase in other income 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 fourth quarter of 2012 increased by only $14,000 from the prior year&#146;s fourth quarter and for the full year 2012 increased by $604,000 or 1.5% when compared to the 2011 year. &nbsp;Salaries and employee benefits increased by $490,000 for the fourth quarter and $1.8 million or 8.0% for the 2012 year 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;These negative items were partially offset by a $60,000 reduction in FDIC deposit insurance expense for the fourth quarter of 2012 and an $897,000 reduction for the full year. 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. &nbsp;Additionally, the Company incurred a $240,000 prepayment penalty on the early retirement of $5.7 million of FHLB term advances in the fourth quarter of 2011. &nbsp;There was no such prepayment charge in 2012. &nbsp;Finally, the Company recorded an income tax expense for the full year of 2012 of $2.2 million which was lower than the 2011 full year tax expense of $2.9 million due to reduced pre-tax earnings in 2012. &nbsp;The 2012 effective tax rate of 30.8% was comparable with the 2011 effective tax rate of 30.4%. &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>ASRV had total assets of $1.0 billion and shareholders&#146; equity of $110 million or a book value of $4.67 per common share and a tangible book value of $4.01 per common share at December 31, 2012. During the full year 2012, the Company repurchased 1,758,000 shares or 8.4% of its outstanding common stock at an average price of $2.51 in conjunction with the terms of its recently completed common stock repurchase program. &nbsp;This was a key factor contributing to a 6.6% 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 15.92%, an asset leverage ratio of 11.44% and a tangible common equity to tangible assets ratio of 7.74% at December 31, 2012. &nbsp;</P>
<P style="margin:0px" align=justify><BR></P>
<P style="line-height:normal; 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.<FONT style="font-family:Courier New; font-size:12pt"> &nbsp;</FONT></P>
<P style="margin:0px" align=center><BR></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>December 31, 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><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>4QTR</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>&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><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>$735</P>
</TD><TD valign=top width=78><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>$5,039</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>683</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>4,211</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><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><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>0.29%</P>
</TD><TD valign=top width=78><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>0.51%</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>2.60</P>
</TD><TD valign=top width=78><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>4.51</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>3.55</P>
</TD><TD valign=top width=78><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>3.65</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>0.45</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>0.19</P>
</TD></TR>
<TR><TD valign=top width=240><P style="line-height:11pt; margin:0px; font-size:9pt">Loan loss provision (credit) 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>0.30</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></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>86.61</P>
</TD><TD valign=top width=78><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>86.16</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><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><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><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>$0.04</P>
</TD><TD valign=top width=78><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>$0.21</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>19,209</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>19,685</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>0.04</P>
</TD><TD valign=top width=78><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>0.21</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>19,289</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>19,747</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><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=246></TD><TD width=64.8></TD><TD width=81.6></TD><TD width=75.6></TD><TD width=75.6></TD><TD width=75.6></TD></TR>
<TR><TD valign=top width=246><P>&nbsp;</P></TD><TD valign=top width=64.8><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>4QTR</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=246><P>&nbsp;</P></TD><TD valign=top width=64.8><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><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=246><P style="line-height:11pt; margin:0px; font-size:9pt">PERFORMANCE DATA FOR THE PERIOD:</P>
</TD><TD valign=top width=64.8><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><TD valign=top width=75.6><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=246><P style="line-height:11pt; margin:0px; font-size:9pt">Net income</P>
</TD><TD valign=top width=64.8><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>$1,770</P>
</TD><TD valign=top width=75.6><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>$6,537</P>
</TD></TR>
<TR><TD valign=top width=246><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=64.8><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>1,505</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>5,153</P>
</TD></TR>
<TR><TD valign=top width=246><P>&nbsp;</P></TD><TD valign=top width=64.8><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><TD valign=top width=75.6><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=246><P style="line-height:11pt; margin:0px; font-size:9pt">PERFORMANCE PERCENTAGES (annualized):</P>
</TD><TD valign=top width=64.8><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><TD valign=top width=75.6><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=246><P style="line-height:11pt; margin:0px; font-size:9pt">Return on average assets</P>
</TD><TD valign=top width=64.8><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>0.72%</P>
</TD><TD valign=top width=75.6><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>0.68%</P>
</TD></TR>
<TR><TD valign=top width=246><P style="line-height:11pt; margin:0px; font-size:9pt">Return on average equity</P>
</TD><TD valign=top width=64.8><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>6.19</P>
</TD><TD valign=top width=75.6><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>5.90</P>
</TD></TR>
<TR><TD valign=top width=246><P style="line-height:11pt; margin:0px; font-size:9pt">Net interest margin</P>
</TD><TD valign=top width=64.8><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>3.64</P>
</TD><TD valign=top width=75.6><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>3.72</P>
</TD></TR>
<TR><TD valign=top width=246><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=64.8><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>0.12</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>0.24</P>
</TD></TR>
<TR><TD valign=top width=246><P style="line-height:11pt; margin:0px; font-size:9pt">Loan loss provision (credit) 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=64.8><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>(0.73)</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>(0.54)</P>
</TD></TR>
<TR><TD valign=top width=246><P style="line-height:11pt; margin:0px; font-size:9pt">Efficiency ratio</P>
</TD><TD valign=top width=64.8><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>89.26</P>
</TD><TD valign=top width=75.6><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>87.26</P>
</TD></TR>
<TR><TD valign=top width=246><P>&nbsp;</P></TD><TD valign=top width=64.8><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><TD valign=top width=75.6><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=246><P style="line-height:11pt; margin:0px; font-size:9pt">PER COMMON SHARE: </P>
</TD><TD valign=top width=64.8><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><TD valign=top width=75.6><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=246><P style="line-height:11pt; margin:0px; font-size:9pt">Net income:</P>
</TD><TD valign=top width=64.8><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><TD valign=top width=75.6><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=246><P style="line-height:11pt; margin:0px; font-size:9pt">Basic</P>
</TD><TD valign=top width=64.8><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>$0.07</P>
</TD><TD valign=top width=75.6><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>$0.24</P>
</TD></TR>
<TR><TD valign=top width=246><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=64.8><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>21,114</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>21,184</P>
</TD></TR>
<TR><TD valign=top width=246><P style="line-height:11pt; margin:0px; font-size:9pt">Diluted</P>
</TD><TD valign=top width=64.8><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>0.07</P>
</TD><TD valign=top width=75.6><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>0.24</P>
</TD></TR>
<TR><TD valign=top width=246><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=64.8><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>21,128</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>21,205</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><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><TD valign=top width=84><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">FINANCIAL CONDITION &nbsp;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><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><TD valign=top width=84><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>$1,005,828</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><TD valign=top width=84><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>9,012</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><TD valign=top width=84><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>165,261</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><TD valign=top width=84><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>731,741</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><TD valign=top width=84><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>12,571</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><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><TD valign=top width=84><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>835,734</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><TD valign=top width=84><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>28,660</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><TD valign=top width=84><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>110,468</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><TD valign=top width=84><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>7,224</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><TD valign=top width=84><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>11.44%</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><TD valign=top width=84><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>7.74</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><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><TD valign=top width=84><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>$4.67</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><TD valign=top width=84><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>4.01</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><TD valign=top width=84><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>3.01</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><TD valign=top width=84><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>$1,512,387</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><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><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><TD valign=top width=84><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>350</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><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><TD valign=top width=84><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>19,164,721</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">FINANCIAL CONDITION &nbsp;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="line-height:11pt; margin:0px; font-size:9pt">NOTES:</P>
<P style="line-height:11pt; margin-top:0px; margin-bottom:-14.667px; padding-left:50px; text-indent:-24px; font-size:9pt">(A)</P>
<P style="line-height:11pt; margin:0px; padding-left:50px; font-size:9pt">Preferred stock of $21 million received through the Small Business Lending Fund is excluded from the book value per</P>
<P style="line-height:11pt; margin:0px; padding-left:50px; font-size:9pt">common share and tangible book value per common share calculations.</P>
<P style="line-height:11pt; margin:0px; font-size:9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) Not recognized on the consolidated balance sheets.</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><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>4QTR</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>&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>$8,727</P>
</TD><TD valign=top width=58.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>$34,815</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>1,151</P>
</TD><TD valign=top width=58.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>5,102</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>9,878</P>
</TD><TD valign=top width=58.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>39,917</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><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><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>1,485</P>
</TD><TD valign=top width=58.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>6,502</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>311</P>
</TD><TD valign=top width=58.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>1,212</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>1,796</P>
</TD><TD valign=top width=58.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>7,714</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><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>8,082</P>
</TD><TD valign=top width=58.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>32,203</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>550</P>
</TD><TD valign=top width=58.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>(775)</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>7,532</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>32,978</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><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><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>1,669</P>
</TD><TD valign=top width=58.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>6,527</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>189</P>
</TD><TD valign=top width=58.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>741</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>-</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>343</P>
</TD><TD valign=top width=58.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>1,132</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>576</P>
</TD><TD valign=top width=58.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>2,195</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>219</P>
</TD><TD valign=top width=58.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>863</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>891</P>
</TD><TD valign=top width=58.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>3,473</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>3,887</P>
</TD><TD valign=top width=58.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>14,943</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><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><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>6,330</P>
</TD><TD valign=top width=58.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>24,424</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>671</P>
</TD><TD valign=top width=58.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>2,800</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>445</P>
</TD><TD valign=top width=58.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>1,764</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>1,033</P>
</TD><TD valign=top width=58.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>3,870</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>94</P>
</TD><TD valign=top width=58.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>441</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>1,800</P>
</TD><TD valign=top width=58.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>7,342</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>10,373</P>
</TD><TD valign=top width=58.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>40,641</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><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>1,046</P>
</TD><TD valign=top width=58.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>7,280</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>311</P>
</TD><TD valign=top width=58.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>2,241</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>735</P>
</TD><TD valign=top width=58.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>5,039</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>52</P>
</TD><TD valign=top width=58.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>828</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>$683</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>$4,211</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><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>4QTR</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>&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>$8,924</P>
</TD><TD valign=top width=76.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>$35,699</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>1,422</P>
</TD><TD valign=top width=76.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>6,265</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>10,346</P>
</TD><TD valign=top width=76.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>41,964</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><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><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>1,897</P>
</TD><TD valign=top width=76.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>8,335</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>336</P>
</TD><TD valign=top width=76.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>1,346</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>2,233</P>
</TD><TD valign=top width=76.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>9,681</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><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>8,113</P>
</TD><TD valign=top width=76.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>32,283</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>(1,250)</P>
</TD><TD valign=top width=76.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>(3,575)</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>9,363</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>35,858</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><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><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>1,430</P>
</TD><TD valign=top width=76.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>6,173</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>186</P>
</TD><TD valign=top width=76.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>754</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>-</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>209</P>
</TD><TD valign=top width=76.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>812</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>580</P>
</TD><TD valign=top width=76.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>2,241</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>224</P>
</TD><TD valign=top width=76.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>885</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>857</P>
</TD><TD valign=top width=76.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>3,062</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>3,486</P>
</TD><TD valign=top width=76.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>13,569</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><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><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>5,840</P>
</TD><TD valign=top width=76.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>22,616</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>721</P>
</TD><TD valign=top width=76.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>2,900</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>411</P>
</TD><TD valign=top width=76.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>1,686</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>1,001</P>
</TD><TD valign=top width=76.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>3,875</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>154</P>
</TD><TD valign=top width=76.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>1,338</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 style="line-height:11pt; margin:0px; font-size:9pt" align=right>240</P>
</TD><TD valign=top width=76.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>240</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>1,992</P>
</TD><TD valign=top width=76.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>7,382</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>10,359</P>
</TD><TD valign=top width=76.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>40,037</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><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>2,490</P>
</TD><TD valign=top width=76.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>9,390</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>720</P>
</TD><TD valign=top width=76.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>2,853</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>1,770</P>
</TD><TD valign=top width=76.4><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>6,537</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>265</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>1,384</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>$1,505</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>$5,153</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=324></TD><TD width=78></TD><TD width=78></TD><TD width=72></TD><TD width=84></TD></TR>
<TR><TD valign=top width=324><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>TWELVE</P>
</TD><TD valign=top width=72><P>&nbsp;</P></TD><TD valign=top width=84><P style="line-height:11pt; margin:0px; font-size:9pt" align=center>TWELVE</P>
</TD></TR>
<TR><TD valign=top width=324><P>&nbsp;</P></TD><TD valign=top width=78><P style="line-height:11pt; margin:0px; font-size:9pt" align=center>4QTR</P>
</TD><TD valign=top width=78><P style="line-height:11pt; margin:0px; font-size:9pt" align=center>MONTHS</P>
</TD><TD valign=top width=72><P style="line-height:11pt; margin:0px; font-size:9pt" align=center>4QTR</P>
</TD><TD valign=top width=84><P style="line-height:11pt; margin:0px; font-size:9pt" align=center>MONTHS</P>
</TD></TR>
<TR><TD valign=top width=324><P style="line-height:11pt; margin:0px; font-size:9pt">Interest earning assets:</P>
</TD><TD valign=top width=78><P>&nbsp;</P></TD><TD valign=top width=78><P>&nbsp;</P></TD><TD valign=top width=72><P>&nbsp;</P></TD><TD valign=top width=84><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=324><P style="line-height:11pt; margin:0px; font-size:9pt">Loans and loans held for sale, net of unearned income</P>
</TD><TD valign=top width=78><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>$717,959</P>
</TD><TD valign=top width=78><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>$688,736</P>
</TD><TD valign=top width=72><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>$675,657</P>
</TD><TD valign=top width=84><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>$662,746</P>
</TD></TR>
<TR><TD valign=top width=324><P style="line-height:11pt; margin:0px; font-size:9pt">Deposits with banks</P>
</TD><TD valign=top width=78><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>5,064</P>
</TD><TD valign=top width=78><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>10,634</P>
</TD><TD valign=top width=72><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>9,961</P>
</TD><TD valign=top width=84><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>6,853</P>
</TD></TR>
<TR><TD valign=top width=324><P style="line-height:11pt; margin:0px; font-size:9pt">Short-term investment in money market funds</P>
</TD><TD valign=top width=78><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>4,716</P>
</TD><TD valign=top width=78><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>1,889</P>
</TD><TD valign=top width=72><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>2,355</P>
</TD><TD valign=top width=84><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>2,224</P>
</TD></TR>
<TR><TD valign=top width=324><P style="line-height:11pt; margin:0px; font-size:9pt">Federal funds sold</P>
</TD><TD valign=top width=78><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>-</P>
</TD><TD valign=top width=78><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>-</P>
</TD><TD valign=top width=72><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>-</P>
</TD><TD valign=top width=84><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>5,838</P>
</TD></TR>
<TR><TD valign=top width=324><P style="line-height:11pt; margin:0px; font-size:9pt">Total investment securities</P>
</TD><TD valign=top width=78><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>175,114</P>
</TD><TD valign=top width=78><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>186,775</P>
</TD><TD valign=top width=72><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>195,925</P>
</TD><TD valign=top width=84><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>197,916</P>
</TD></TR>
<TR><TD valign=top width=324><P style="line-height:11pt; margin:0px; font-size:9pt">Total interest earning assets</P>
</TD><TD valign=top width=78><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>902,853</P>
</TD><TD valign=top width=78><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>888,034</P>
</TD><TD valign=top width=72><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>883,898</P>
</TD><TD valign=top width=84><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>875,577</P>
</TD></TR>
<TR><TD valign=top width=324><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=72><P>&nbsp;</P></TD><TD valign=top width=84><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=324><P style="line-height:11pt; margin:0px; font-size:9pt">Non-interest earning assets:</P>
</TD><TD valign=top width=78><P>&nbsp;</P></TD><TD valign=top width=78><P>&nbsp;</P></TD><TD valign=top width=72><P>&nbsp;</P></TD><TD valign=top width=84><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=324><P style="line-height:11pt; margin:0px; font-size:9pt">Cash and due from banks</P>
</TD><TD valign=top width=78><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>18,219</P>
</TD><TD valign=top width=78><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>17,136</P>
</TD><TD valign=top width=72><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>16,779</P>
</TD><TD valign=top width=84><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>15,893</P>
</TD></TR>
<TR><TD valign=top width=324><P style="line-height:11pt; margin:0px; font-size:9pt">Premises and equipment</P>
</TD><TD valign=top width=78><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>11,446</P>
</TD><TD valign=top width=78><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>11,055</P>
</TD><TD valign=top width=72><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>10,539</P>
</TD><TD valign=top width=84><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>10,513</P>
</TD></TR>
<TR><TD valign=top width=324><P style="line-height:11pt; margin:0px; font-size:9pt">Other assets</P>
</TD><TD valign=top width=78><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>81,804</P>
</TD><TD valign=top width=78><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>81,796</P>
</TD><TD valign=top width=72><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>79,201</P>
</TD><TD valign=top width=84><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>79,293</P>
</TD></TR>
<TR><TD valign=top width=324><P style="line-height:11pt; margin:0px; font-size:9pt">Allowance for loan losses</P>
</TD><TD valign=top width=78><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>(12,511)</P>
</TD><TD valign=top width=78><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>(13,500)</P>
</TD><TD valign=top width=72><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>(16,155)</P>
</TD><TD valign=top width=84><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>(17,771)</P>
</TD></TR>
<TR><TD valign=top width=324><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=72><P>&nbsp;</P></TD><TD valign=top width=84><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=324><P style="line-height:11pt; margin:0px; font-size:9pt">Total assets</P>
</TD><TD valign=top width=78><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>$1,001,811</P>
</TD><TD valign=top width=78><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>$984,521</P>
</TD><TD valign=top width=72><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>$974,262</P>
</TD><TD valign=top width=84><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>$963,505</P>
</TD></TR>
<TR><TD valign=top width=324><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=72><P>&nbsp;</P></TD><TD valign=top width=84><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=324><P style="line-height:11pt; margin:0px; font-size:9pt">Interest bearing liabilities:</P>
</TD><TD valign=top width=78><P>&nbsp;</P></TD><TD valign=top width=78><P>&nbsp;</P></TD><TD valign=top width=72><P>&nbsp;</P></TD><TD valign=top width=84><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=324><P style="line-height:11pt; margin:0px; font-size:9pt">Interest bearing deposits:</P>
</TD><TD valign=top width=78><P>&nbsp;</P></TD><TD valign=top width=78><P>&nbsp;</P></TD><TD valign=top width=72><P>&nbsp;</P></TD><TD valign=top width=84><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=324><P style="line-height:11pt; margin:0px; font-size:9pt">Interest bearing demand</P>
</TD><TD valign=top width=78><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>$64,131</P>
</TD><TD valign=top width=78><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>$60,810</P>
</TD><TD valign=top width=72><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>$59,707</P>
</TD><TD valign=top width=84><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>$57,784</P>
</TD></TR>
<TR><TD valign=top width=324><P style="line-height:11pt; margin:0px; font-size:9pt">Savings</P>
</TD><TD valign=top width=78><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>84,995</P>
</TD><TD valign=top width=78><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>85,112</P>
</TD><TD valign=top width=72><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>82,238</P>
</TD><TD valign=top width=84><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>81,490</P>
</TD></TR>
<TR><TD valign=top width=324><P style="line-height:11pt; margin:0px; font-size:9pt">Money market</P>
</TD><TD valign=top width=78><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>221,732</P>
</TD><TD valign=top width=78><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>211,744</P>
</TD><TD valign=top width=72><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>202,220</P>
</TD><TD valign=top width=84><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>193,536</P>
</TD></TR>
<TR><TD valign=top width=324><P style="line-height:11pt; margin:0px; font-size:9pt">Other time</P>
</TD><TD valign=top width=78><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>320,007</P>
</TD><TD valign=top width=78><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>327,557</P>
</TD><TD valign=top width=72><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>337,730</P>
</TD><TD valign=top width=84><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>348,915</P>
</TD></TR>
<TR><TD valign=top width=324><P style="line-height:11pt; margin:0px; font-size:9pt">Total interest bearing deposits</P>
</TD><TD valign=top width=78><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>690,865</P>
</TD><TD valign=top width=78><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>685,223</P>
</TD><TD valign=top width=72><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>681,895</P>
</TD><TD valign=top width=84><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>681,725</P>
</TD></TR>
<TR><TD valign=top width=324><P style="line-height:11pt; margin:0px; font-size:9pt">Borrowings:</P>
</TD><TD valign=top width=78><P>&nbsp;</P></TD><TD valign=top width=78><P>&nbsp;</P></TD><TD valign=top width=72><P>&nbsp;</P></TD><TD valign=top width=84><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=324><P style="line-height:11pt; margin:0px; font-size:9pt">Federal funds purchased and other short-term borrowings</P>
</TD><TD valign=top width=78><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>7,005</P>
</TD><TD valign=top width=78><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>5,342</P>
</TD><TD valign=top width=72><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>3,343</P>
</TD><TD valign=top width=84><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>1,216</P>
</TD></TR>
<TR><TD valign=top width=324><P style="line-height:11pt; margin:0px; font-size:9pt">Advances from Federal Home Loan Bank</P>
</TD><TD valign=top width=78><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>11,478</P>
</TD><TD valign=top width=78><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>5,661</P>
</TD><TD valign=top width=72><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>9,888</P>
</TD><TD valign=top width=84><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>9,769</P>
</TD></TR>
<TR><TD valign=top width=324><P style="line-height:11pt; margin:0px; font-size:9pt">Guaranteed junior subordinated deferrable interest debentures</P>
</TD><TD valign=top width=78><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>13,085</P>
</TD><TD valign=top width=78><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>13,085</P>
</TD><TD valign=top width=72><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>13,085</P>
</TD><TD valign=top width=84><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>13,085</P>
</TD></TR>
<TR><TD valign=top width=324><P style="line-height:11pt; margin:0px; font-size:9pt">Total interest bearing liabilities</P>
</TD><TD valign=top width=78><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>722,433</P>
</TD><TD valign=top width=78><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>709,311</P>
</TD><TD valign=top width=72><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>708,211</P>
</TD><TD valign=top width=84><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>705,795</P>
</TD></TR>
<TR><TD valign=top width=324><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=72><P>&nbsp;</P></TD><TD valign=top width=84><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=324><P style="line-height:11pt; margin:0px; font-size:9pt">Non-interest bearing liabilities:</P>
</TD><TD valign=top width=78><P>&nbsp;</P></TD><TD valign=top width=78><P>&nbsp;</P></TD><TD valign=top width=72><P>&nbsp;</P></TD><TD valign=top width=84><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=324><P style="line-height:11pt; margin:0px; font-size:9pt">&nbsp;&nbsp;Demand deposits</P>
</TD><TD valign=top width=78><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>152,861</P>
</TD><TD valign=top width=78><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>147,887</P>
</TD><TD valign=top width=72><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>140,797</P>
</TD><TD valign=top width=84><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>135,298</P>
</TD></TR>
<TR><TD valign=top width=324><P style="line-height:11pt; margin:0px; font-size:9pt">&nbsp;&nbsp;Other liabilities</P>
</TD><TD valign=top width=78><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>14,156</P>
</TD><TD valign=top width=78><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>15,517</P>
</TD><TD valign=top width=72><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>11,721</P>
</TD><TD valign=top width=84><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>11,699</P>
</TD></TR>
<TR><TD valign=top width=324><P style="line-height:11pt; margin:0px; font-size:9pt">Shareholders&#146; equity</P>
</TD><TD valign=top width=78><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>112,361</P>
</TD><TD valign=top width=78><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>111,806</P>
</TD><TD valign=top width=72><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>113,533</P>
</TD><TD valign=top width=84><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>110,713</P>
</TD></TR>
<TR><TD valign=top width=324><P style="line-height:11pt; margin:0px; font-size:9pt">Total liabilities and shareholders&#146; equity</P>
</TD><TD valign=top width=78><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>$1,001,811</P>
</TD><TD valign=top width=78><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>$984,521</P>
</TD><TD valign=top width=72><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>$974,262</P>
</TD><TD valign=top width=84><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>$963,505</P>
</TD></TR>
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