XML 100 R39.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2

INVESTMENT SECURITIES (Tables)

12 Months Ended

Dec. 31, 2019

INVESTMENT SECURITIES

Schedule of cost basis and fair values of investment securities

The cost basis and fair values of investment securities are summarized as follows:

Investment securities available for sale:

		AT DECEMBER 31, 2019
					GROSS			GROSS
					UNREALIZED			UNREALIZED			FAIR
		COST BASIS			GAINS			LOSSES			VALUE
		(IN THOUSANDS)
U.S. Agency		$	5,084		$	32		$	—		$	5,116
Municipal			14,678			509			(17)			15,170
Corporate bonds			39,769			342			(281)			39,830
U.S. Agency mortgage-backed securities			80,046			1,681			(94)			81,633
Total		$	139,577		$	2,564		$	(392)		$	141,749

Investment securities held to maturity:

		AT DECEMBER 31, 2019
					GROSS			GROSS
					UNREALIZED			UNREALIZED			FAIR
		COST BASIS			GAINS			LOSSES			VALUE
		(IN THOUSANDS)
U.S. Agency mortgage-backed securities		$	9,466		$	251		$	(4)		$	9,713
Municipal			24,438			941			(53)			25,326
Corporate bonds and other securities			6,032			58			(47)			6,043
Total		$	39,936		$	1,250		$	(104)		$	41,082

Investment securities available for sale:

		AT DECEMBER 31, 2018
					GROSS			GROSS
					UNREALIZED			UNREALIZED			FAIR
		COST BASIS			GAINS			LOSSES			VALUE
		(IN THOUSANDS)
U.S. Agency		$	7,685		$	4		$	(160)		$	7,529
Municipal			13,301			114			(234)			13,181
Corporate bonds			37,359			131			(996)			36,494
U.S. Agency mortgage-backed securities			90,169			516			(1,158)			89,527
Total		$	148,514		$	765		$	(2,548)		$	146,731

Investment securities held to maturity:

		AT DECEMBER 31, 2018
					GROSS			GROSS
					UNREALIZED			UNREALIZED			FAIR
		COST BASIS			GAINS			LOSSES			VALUE
		(IN THOUSANDS)
U.S. Agency mortgage-backed securities		$	9,983		$	78		$	(132)		$	9,929
Municipal			24,740			131			(404)			24,467
Corporate bonds and other securities			6,037			13			(122)			5,928
Total		$	40,760		$	222		$	(658)		$	40,324

Schedule of investment securities

Investment securities available for sale:

		AT DECEMBER 31, 2019
																						TOTAL
																	U.S. AGENCY					INVESTMENT
																	MORTGAGE-					SECURITIES
												CORPORATE					BACKED					AVAILABLE FOR
		U. S. AGENCY					MUNICIPAL					BONDS					SECURITIES					SALE
		(IN THOUSANDS, EXCEPT YIELDS)
COST BASIS
Within 1 year		$	—		—	%	$	500		2.25	%	$	1,500		3.10	%	$	—		—	%	$	2,000		2.89	%
After 1 year but within 5 years			—		—			3,121		3.09			18,695		3.43			1,200		2.46			23,016		3.33
After 5 years but within 10 years			2,557		2.93			11,057		3.26			19,574		4.11			7,882		2.99			41,070		3.59
After 10 years but within15 years			—		—			—		—			—		—			23,018		2.83			23,018		2.83
Over 15 years			2,527		2.68			—		—			—		—			47,946		2.90			50,473		2.89
Total		$	5,084		2.81		$	14,678		3.19		$	39,769		3.75		$	80,046		2.88		$	139,577		3.16
FAIR VALUE
Within 1 year		$	—				$	500				$	1,503				$	—				$	2,003
After 1 year but within 5 years			—					3,179					18,755					1,213					23,147
After 5 years but within 10 years			2,570					11,491					19,572					8,075					41,708
After 10 years but within15 years			—					—					—					23,538					23,538
Over 15 years			2,546					—					—					48,807					51,353
Total		$	5,116				$	15,170				$	39,830				$	81,633				$	141,749

Investment securities held to maturity:

		AT DECEMBER 31, 2019
		U.S. AGENCY
		MORTGAGE-															TOTAL INVESTMENT
		BACKED										CORPORATE					SECURITIES
		SECURITIES					MUNICIPAL					BONDS AND OTHER					HELD TO MATURITY
		(IN THOUSANDS, EXCEPT YIELDS)
COST BASIS
Within 1 year		$	—		—	%	$	—		—	%	$	—		—	%	$	—		—	%
After 1 year but within 5 years			1,977		2.50			2,567		3.33			3,000		2.95			7,544		2.96
After 5 years but within 10 years			—		—			16,506		3.37			3,032		4.40			19,538		3.53
After 10 years but within15 years			2,232		3.62			5,050		4.10			—		—			7,282		3.95
Over 15 years			5,257		3.30			315		3.50			—		—			5,572		3.31
Total		$	9,466		3.21		$	24,438		3.52		$	6,032		3.68		$	39,936		3.47
FAIR VALUE
Within 1 year		$	—				$	—				$	—				$	—
After 1 year but within 5 years			2,009					2,644					2,953					7,606
After 5 years but within 10 years			—					17,153					3,090					20,243
After 10 years but within15 years			2,353					5,209					—					7,562
Over 15 years			5,351					320					—					5,671
Total		$	9,713				$	25,326				$	6,043				$	41,082

Schedule of investments with unrealized losses

The following table presents information concerning investments with unrealized losses as of December 31, 2019 (in thousands):

Total investment securities:		LESS THAN 12 MONTHS						12 MONTHS OR LONGER						TOTAL
		FAIR			UNREALIZED			FAIR			UNREALIZED			FAIR			UNREALIZED
		VALUE			LOSSES			VALUE			LOSSES			VALUE			LOSSES
U.S. Agency		$	—		$	—		$	—		$	—		$	—		$	—
U.S. Agency mortgage-backed securities			7,084			(23)			8,562			(75)			15,646			(98)
Municipal			2,269			(18)			1,123			(52)			3,392			(70)
Corporate bonds and other securities			7,797			(85)			11,783			(243)			19,580			(328)
Total		$	17,150		$	(126)		$	21,468		$	(370)		$	38,618		$	(496)

The following table presents information concerning investments with unrealized losses as of December 31, 2018 (in thousands):

Total investment securities:		LESS THAN 12 MONTHS						12 MONTHS OR LONGER						TOTAL
		FAIR			UNREALIZED			FAIR			UNREALIZED			FAIR			UNREALIZED
		VALUE			LOSSES			VALUE			LOSSES			VALUE			LOSSES
U.S. Agency		$	244		$	(6)		$	5,631		$	(154)		$	5,875		$	(160)
U.S. Agency mortgage-backed securities			17,718			(177)			39,983			(1,113)			57,701			(1,290)
Municipal			6,601			(71)			15,880			(567)			22,481			(638)
Corporate bonds and other securities			15,221			(440)			17,038			(678)			32,259			(1,118)
Total		$	39,784		$	(694)		$	78,532		$	(2,512)		$	118,316		$	(3,206)

X

- Definition

Tabular disclosure of the reconciliation of available-for-sale and held for maturity securities from cost basis to fair value.

+ References

No definition available.

+ Details

Name:	asrv_ScheduleOfAvailableForSaleAndHeldForMaturitySecuritiesReconciliationTableTextBlock
Namespace Prefix:	asrv_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_InvestmentsAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of maturities of an entity's investments as well as any other information pertinent to the investments.

+ References

No definition available.

+ Details

Name:	us-gaap_InvestmentsClassifiedByContractualMaturityDateTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

For all investments in an unrealized loss position, including those for which other-than-temporary impairments have not been recognized in earnings (including investments for which a portion of an other-than-temporary impairment has been recognized in other comprehensive income), a tabular disclosure of the aggregate related fair value of investments with unrealized losses and the aggregate amount of unrealized losses (that is, the amount by which amortized cost basis exceeds fair value).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=118939692&loc=d3e27290-111563

+ Details

Name:	us-gaap_ScheduleOfUnrealizedLossOnInvestmentsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration