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STOCK COMPENSATION PLANS | 12 Months Ended
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Dec. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | ## 18. STOCK COMPENSATION PLANS The Company uses the modified prospective method for accounting for stock-based compensation and recognized $13,000 of pretax compensation expense for the year 2017, $20,000 in 2016 and $29,000 in 2015. During 2011, the Company’s Board adopted, and its shareholders approved, the AmeriServ Financial, Inc. 2011 Stock Incentive Plan (the Plan) authorizing the grant of options or restricted stock covering 800,000 shares of common stock. This Plan replaced the expired 2001 Stock Option Plan. Under the Plan, options or restricted stock can be granted (the Grant Date) to directors, officers, and employees that provide services to the Company and its affiliates, as selected by the compensation committee of the Board. The option price at which a granted stock option may be exercised was not less than 100% of the fair market value per share of common stock on the Grant Date. The maximum term of any option granted under the Plan cannot exceed 10 years. Generally, options vest over a three year period and become exercisable in equal installments over the vesting period. At times, options with a one year vesting period may also be issued. A summary of the status of the Company’s Stock Incentive Plan at December 31, 2017, 2016, and 2015, and changes during the years then ended is presented in the table and narrative following:
|  | YEAR ENDED DECEMBER 31
|  | 2017 |  | 2016 |  | 2015
|  | SHARES |  | WEIGHTED AVERAGE EXERCISE PRICE |  | SHARES |  | WEIGHTED AVERAGE EXERCISE PRICE |  | SHARES |  | WEIGHTED AVERAGE EXERCISE PRICE
Outstanding at beginning of year |  |  | 417,566 |  |  | $ | 2.76 |  |  |  | 470,449 |  |  | $ | 2.74 |  |  |  | 559,909 |  |  | $ | 2.66 |
Granted |  |  | 17,500 |  |  |  | 3.96 |  |  |  | 54,000 |  |  |  | 3.03 |  |  |  | 32,500 |  |  |  | 2.96 |
Exercised |  |  | (64,112 | ) |  |  | 2.49 |  |  |  | (32,661 | ) |  |  | 2.27 |  |  |  | (75,923 | ) |  |  | 2.07 |
Forfeited |  |  | (10,233 | ) |  |  | 3.10 |  |  |  | (74,222 | ) |  |  | 3.04 |  |  |  | (46,037 | ) |  |  | 3.04 |
Outstanding at end of year |  |  | 360,721 |  |  |  | 2.85 |  |  |  | 417,566 |  |  |  | 2.76 |  |  |  | 470,449 |  |  |  | 2.74 |
Exercisable at end of year |  |  | 308,301 |  |  |  | 2.79 |  |  |  | 328,062 |  |  |  | 2.69 |  |  |  | 336,555 |  |  |  | 2.58 |
Weighted average fair value of options granted in current year |  |  |  |  |  | $ | 1.12 |  |  |  |  |  |  | $ | 0.93 |  |  |  |  |  |  | $ | 0.67 |
A total of 308,301 of the 360,721 options outstanding at December 31, 2017, are exercisable and have exercise prices between $1.53 and $4.00, with a weighted average exercise price of $2.85 and a weighted average remaining contractual life of 5.03 years. The remaining 52,420 options that are not yet exercisable have exercise prices between $2.96 and $4.00, with a weighted average exercise price of $3.22 and a weighted average remaining contractual life of 7.90 years. The fair value of each option grant is estimated on the date of grant using the Black-Scholes option pricing model with the following assumptions used for grants in 2017, 2016, and 2015.
|  | YEAR ENDED DECEMBER 31
BLACK-SCHOLES ASSUMPTION RANGES |  | 2017 |  | 2016 |  | 2015
Risk-free interest rate |  |  | 2.23 – 2.38% |  |  |  | 1.56 – 1.73% |  |  |  | 1.97% |
Expected lives in years |  |  | 10 |  |  |  | 10 |  |  |  | 10 |
Expected volatility |  |  | 28.09 – 28.84% |  |  |  | 29% |  |  |  | 22% |
Expected dividend rate |  |  | 1.50% |  |  |  | 1.35-1.81% |  |  |  | 1.35% |

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- Definition The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -URI http://asc.fasb.org/topic&trid=2228938 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -URI http://asc.fasb.org/subtopic&trid=2208855 + Details
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