<SEC-DOCUMENT>0000707605-22-000002.txt : 20220610
<SEC-HEADER>0000707605-22-000002.hdr.sgml : 20220610
<ACCEPTANCE-DATETIME>20220610170245
ACCESSION NUMBER:		0000707605-22-000002
CONFORMED SUBMISSION TYPE:	11-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20211231
FILED AS OF DATE:		20220610
DATE AS OF CHANGE:		20220610

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:		11-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-11204
		FILM NUMBER:		221009741

	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>11-K
<SEQUENCE>1
<FILENAME>f202111kformatted_final6922.htm
<DESCRIPTION>ASRV 12312021 11K
<TEXT>
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<HEAD>
<TITLE>SECURITIES AND EXCHANGE COMMISSION</TITLE>
<META NAME="author" CONTENT="Margetan, Dave">
<META NAME="date" CONTENT="2022-06-10T12:10:00Z">
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<BODY style="margin-top:0;font-family:'Times New Roman'; font-size:10pt; color:#000000">
<DIV style="width:720px"><P style="margin-top:0px; margin-bottom:16px; font-size:12pt" align=center>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
Washington, D.C. 20549</P>
<P style="margin-top:0px; margin-bottom:16px; font-size:12pt" align=center>FORM 11-K</P>
<P style="margin-top:0px; margin-bottom:16px; font-size:12pt" align=center>[ X ] &nbsp;&nbsp;&nbsp;&nbsp;Annual Report pursuant to Section 15(d) of the<BR>
Securities Exchange Act of 1934 for the fiscal year<BR>
ended December&#160;31, 2021.</P>
<P style="margin-top:0px; margin-bottom:16px; font-size:12pt" align=center>or</P>
<P style="margin-top:0px; margin-bottom:16px; font-size:12pt" align=center>[ &nbsp;&nbsp;] &nbsp;&nbsp;&nbsp;&nbsp;Transition Report pursuant to Section 15(d) of the<BR>
Securities Exchange Act of 1934 for the transition<BR>
period from ____________ to ______________.</P>
<P style="margin-top:0px; margin-bottom:16px; font-size:12pt" align=center>Commission File Number: &nbsp;0-11204</P>
<P style="margin-top:0px; margin-bottom:16px; font-size:12pt" align=center>Ameriserv Financial<BR>
401(k) Profit Sharing Plan<BR>
(Full title of the plan)</P>
<P style="margin-top:0px; margin-bottom:16px; font-size:12pt" align=center>Ameriserv Financial, Inc.<BR>
Main and Franklin Streets<BR>
<U> &nbsp;Johnstown, PA &nbsp;15901 &nbsp;<BR>
</U>(Name of issuer of the securities held pursuant to the plan and <BR>
the address of its principal executive office.)</P>
<P style="margin-top:0px; margin-bottom:16px; font-size:12pt" align=center>Registrant's telephone number, including area code: &nbsp;(814) 533-5300</P>
<P style="margin-top:0px; margin-bottom:16px; font-size:12pt" align=center>Notices and communications from the Securities and Exchange<BR>
Commission relating to this report should be forwarded to:</P>
<P style="margin-top:0px; margin-bottom:16px; font-size:12pt" align=center>Ameriserv Financial, Inc.<BR>
Main and Franklin Streets<BR>
Johnstown, PA &nbsp;15901</P>
<P style="margin-top:0px; margin-bottom:16px; font-size:12pt" align=center>Attention: &nbsp;Kathleen Wallace</P>
<P style="margin-top:0px; margin-bottom:16px; font-size:12pt" align=center>With a copy to:</P>
<P style="margin-top:0px; margin-bottom:16px; font-size:12pt" align=center>Wesley R. Kelso, Esquire<BR>
Stevens &amp; Lee<BR>
Suite 602<BR>
25 North Queen Street<BR>
Lancaster, PA &nbsp;17603<BR>
(717) 399-6632</P>
<P style="margin:0px" align=justify><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=33.067 /><TD width=25.4 /><TD width=546.8 /><TD width=71.2 /></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=676.467 height=42.2 colspan=4><P style="margin-top:0px; margin-bottom:16px; font-size:12pt" align=justify>Item 1. Financial Statements and Exhibits</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=33.067 height=49.133><P style="margin-top:0px; margin-bottom:16px; font-size:12pt" align=justify>a.</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=572.2 height=49.133 colspan=2><P style="margin-top:0px; margin-bottom:16px; font-size:12pt" align=justify>Financial Statements</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=71.2 height=49.133><P style="margin-top:0px; margin-bottom:16px; font-size:12pt" align=center>Page <U>Number</U></P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=33.067 height=30.733><P style="margin-top:0px; margin-bottom:16px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=25.4 height=30.733><P style="margin-top:0px; margin-bottom:16px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=546.8 height=30.733><P style="margin-top:0px; margin-bottom:16px; font-size:12pt" align=justify>Report of Independent Registered Public Accounting Firm.</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=71.2 height=30.733><P style="margin-top:0px; margin-bottom:16px; font-size:12pt" align=center>3-4</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=33.067 height=30.733><P style="margin-top:0px; margin-bottom:16px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=25.4 height=30.733><P style="margin-top:0px; margin-bottom:16px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=546.8 height=30.733><P style="margin-top:0px; margin-bottom:16px; font-size:12pt" align=justify>Statement of Net Assets Available for Benefits as of December&#160;31, 2021 and 2020.</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=71.2 height=30.733><P style="margin-top:0px; margin-bottom:16px; font-size:12pt" align=center>5</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=33.067 height=53.733><P style="margin-top:0px; margin-bottom:16px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=25.4 height=53.733><P style="margin-top:0px; margin-bottom:16px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=546.8 height=53.733><P style="margin-top:0px; margin-bottom:16px; font-size:12pt" align=justify>Statement of Changes in Net Assets Available for Benefits for the years ended December 31, 2021 and 2020.</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=71.2 height=53.733><P style="margin-top:0px; margin-bottom:16px; font-size:12pt" align=center>6</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=33.067 height=28.4><P style="margin-top:0px; margin-bottom:16px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=25.4 height=28.4><P style="margin-top:0px; margin-bottom:16px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=546.8 height=28.4><P style="margin-top:0px; margin-bottom:16px; font-size:12pt" align=justify>Notes to Financial Statements.</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=71.2 height=28.4><P style="margin-top:0px; margin-bottom:16px; font-size:12pt" align=center>&nbsp;7-15</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=33.067 height=36.067><P style="margin-top:0px; margin-bottom:16px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=25.4 height=36.067><P style="margin-top:0px; margin-bottom:16px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=546.8 height=36.067><P style="margin-top:0px; margin-bottom:16px; font-size:12pt" align=justify>Supplemental Schedule.</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=71.2 height=36.067><P style="margin-top:0px; margin-bottom:16px; font-size:12pt" align=justify>&nbsp;&nbsp;16-17</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=33.067 height=46.067><P style="margin-top:0px; margin-bottom:16px; font-size:12pt" align=justify>b.</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=643.4 height=46.067 colspan=3><P style="margin-top:0px; margin-bottom:16px; font-size:12pt" align=justify>Exhibits</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=33.067 height=30.733><P style="margin-top:0px; margin-bottom:16px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=25.4 height=30.733><P style="margin-top:0px; margin-bottom:16px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=546.8 height=30.733><P style="margin-top:0px; margin-bottom:16px; font-size:12pt" align=justify>Signatures</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=71.2 height=30.733><P style="margin-top:0px; margin-bottom:16px; font-size:12pt" align=center>18</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=33.067 height=30.733><P style="margin-top:0px; margin-bottom:16px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=25.4 height=30.733><P style="margin-top:0px; margin-bottom:16px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=546.8 height=30.733><P style="margin-top:0px; margin-bottom:16px; font-size:12pt" align=justify>Consent of S.R. Snodgrass, P.C.</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=71.2 height=30.733><P style="margin-top:0px; margin-bottom:16px; font-size:12pt" align=center>19</P>
</TD></TR>
</TABLE>
<P style="line-height:12pt; margin:0px" align=center><BR></P>
<P style="margin:0px" align=justify><BR></P>
<P style="line-height:12pt; margin:0px" align=center><BR>
<BR></P>
<P style="line-height:12pt; margin:0px; font-size:12pt; page-break-before:always" align=center><U>REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</U></P>
<P style="line-height:12pt; margin:0px" align=justify><BR></P>
<P style="line-height:12pt; margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; font-size:12pt" align=justify>To the Board of Trustees </P>
<P style="margin:0px; font-size:12pt" align=justify>AmeriServ Financial 401(k) Profit Sharing Plan</P>
<P style="line-height:12pt; margin:0px" align=justify><BR></P>
<P style="line-height:12pt; margin:0px; font-size:12pt" align=justify><B>Opinion on the Financial Statements</B></P>
<P style="line-height:12pt; margin:0px" align=justify><BR></P>
<P style="line-height:12pt; margin:0px; font-size:12pt" align=justify>We have audited the accompanying statements of net assets available for benefits of the AmeriServ Financial 401(k) Profit Sharing Plan (the <font style="font-family:'Arial Unicode MS,Times New Roman'">&#8220;</font>Plan<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8221;</font>) as of December 31, 2021 and 2020; the related statement of changes in net assets available for benefits for the years then ended;<I> </I>and the related notes to the financial statements (collectively, the financial statements). In our opinion, the financial statements present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2021 and 2020, and the changes in net assets available for benefits for the years then ended, in conformity with accounting principles generally accepted in the United States of America. </P>
<P style="line-height:12pt; margin:0px" align=justify><BR></P>
<P style="line-height:12pt; margin:0px; font-size:12pt" align=justify><B>Basis for Opinion</B></P>
<P style="line-height:12pt; margin:0px" align=justify><BR></P>
<P style="line-height:12pt; margin:0px; font-size:12pt" align=justify>These financial statements are the responsibility of the Plan<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8217;</font>s management. Our responsibility is to express an opinion on the Plan<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8217;</font>s financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Plan, in accordance with U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.</P>
<P style="line-height:12pt; margin:0px" align=justify><BR></P>
<P style="line-height:12pt; margin:0px; font-size:12pt" align=justify>We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Plan is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Plan<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8217;</font>s internal control over financial reporting. Accordingly, we express no such opinion.</P>
<P style="line-height:12pt; margin:0px" align=justify><BR></P>
<P style="line-height:12pt; margin:0px; font-size:12pt" align=justify>Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion. </P>
<P style="line-height:12pt; margin:0px" align=justify><BR></P>
<P style="line-height:12pt; margin:0px; font-size:12pt" align=justify><B>Supplemental Information</B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; font-size:12pt" align=justify>The supplemental information in the accompanying schedule, Schedule H, Line 4i <font style="font-family:'Arial Unicode MS,Times New Roman'">&#8211;</font> Schedule of Assets (Held at End of Year) as of December 31, 2021, has been subjected to audit procedures performed in conjunction with the audit of the Plan<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8217;</font>s financial statements. The supplemental information is presented for the purpose of additional analysis and is not a required part of the financial statements but includes supplemental information required by the Department of Labor<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8217;</font>s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. The supplemental information is the responsibility of the Plan<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8217;</font>s management. Our audit procedures included determining whether the supplemental information reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental information. In forming our opinion </P>
<P style="margin:0px" align=justify><BR>
<BR></P>
<P style="margin:0px; font-size:12pt; page-break-before:always" align=justify>on the supplemental information in the accompanying schedule, we evaluated whether the supplemental information, including its form and content, is presented in conformity with the Department of Labor<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8217;</font>s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. In our opinion, the supplemental information in the accompanying schedule is fairly stated, in all material respects, in relation to the financial statements as a whole.</P>
<P style="line-height:12pt; margin:0px" align=justify><BR></P>
<P style="line-height:12pt; margin:0px" align=justify><BR></P>
<P style="line-height:12pt; margin:0px; font-size:12pt" align=justify>We have served as the Plan<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8217;</font>s auditor since 2005.</P>
<P style="line-height:12pt; margin:0px" align=justify><BR></P>
<P style="line-height:12pt; margin:0px" align=justify><BR></P>
<P style="margin:0px; font-size:12pt" align=justify>/s/S.R. Snodgrass, P.C.</P>
<P style="line-height:12pt; margin:0px" align=justify><BR></P>
<P style="line-height:12pt; margin:0px" align=justify><BR></P>
<P style="line-height:12pt; margin:0px; font-size:12pt" align=justify>Cranberry Township, Pennsylvania</P>
<P style="line-height:12pt; margin:0px; font-size:12pt" align=justify>June 10, 2022</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin-top:0px; margin-bottom:16px" align=center><BR>
<BR></P>
<P style="margin-top:0px; margin-bottom:16px; font-size:12pt; page-break-before:always" align=center><B><U>AMERISERV FINANCIAL 401(k) PROFIT SHARING PLAN<BR>
STATEMENT OF NET ASSETS AVAILABLE FOR BENEFITS</U></B></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=39.267 /><TD width=29.133 /><TD width=48.8 /><TD width=31.4 /><TD width=70.267 /><TD width=148.8 /><TD width=30.533 /><TD width=91.6 /><TD width=24.4 /><TD width=24.4 /><TD width=97.8 /></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=68.4 height=32.2 colspan=2><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=80.2 height=32.2 colspan=2><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=70.267 height=32.2><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=148.8 height=32.2><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=268.733 height=32.2 colspan=5><P style="margin:0px" align=center><U>At December 31,</U></P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=68.4 height=26 colspan=2><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=80.2 height=26 colspan=2><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=70.267 height=26><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=148.8 height=26><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=bottom width=122.133 height=26 colspan=2><P style="margin:0px" align=center>2021</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=24.4 height=26><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=bottom width=122.2 height=26 colspan=2><P style="margin:0px" align=center>2020</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=68.4 height=28 colspan=2><P style="margin:0px" align=justify>ASSETS</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=80.2 height=28 colspan=2><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=70.267 height=28><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=148.8 height=28><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=30.533 height=28><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=91.6 height=28><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=24.4 height=28><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=24.4 height=28><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=97.8 height=28><P style="margin:0px" align=right><BR></P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=39.267 height=13.133><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=328.4 height=13.133 colspan=5><P style="margin:0px" align=justify>Investments, at fair value:</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=30.533 height=13.133><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=91.6 height=13.133><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=24.4 height=13.133><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=24.4 height=13.133><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=97.8 height=13.133><P style="margin:0px" align=right><BR></P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=68.4 height=13.867 colspan=2><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=299.267 height=13.867 colspan=4><P style="margin:0px" align=justify>Common / Collective Funds</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=30.533 height=13.867><P style="margin:0px" align=right>$</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=91.6 height=13.867><P style="margin:0px" align=right>28,521,273</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=24.4 height=13.867><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=24.4 height=13.867><P style="margin:0px" align=right>$</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=97.8 height=13.867><P style="margin:0px" align=right>22,010,441</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=68.4 height=13.133 colspan=2><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=299.267 height=13.133 colspan=4><P style="margin:0px" align=justify>Mutual Funds</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=30.533 height=13.133><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=91.6 height=13.133><P style="margin:0px" align=right>14,081,281</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=24.4 height=13.133><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=24.4 height=13.133><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=97.8 height=13.133><P style="margin:0px" align=right>15,460,783</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=68.4 height=13.133 colspan=2><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=299.267 height=13.133 colspan=4><P style="margin:0px" align=justify>Ameriserv Financial, Inc. Common Stock</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=30.533 height=13.133><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=91.6 height=13.133><P style="margin:0px" align=right>434,435</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=24.4 height=13.133><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=24.4 height=13.133><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=97.8 height=13.133><P style="margin:0px" align=right>361,340</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=68.4 height=13.133 colspan=2><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=299.267 height=13.133 colspan=4><P style="margin:0px" align=justify>Ameriserv Financial Capital Trust Preferred Stock</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=30.533 height=13.133><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=91.6 height=13.133><P style="margin:0px" align=right>-</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=24.4 height=13.133><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=24.4 height=13.133><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=97.8 height=13.133><P style="margin:0px" align=right>357,288</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=68.4 height=13.133 colspan=2><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=299.267 height=13.133 colspan=4><P style="margin:0px" align=justify>Money Market Funds/Cash Equivalents</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=top width=30.533 height=13.133><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=top width=91.6 height=13.133><P style="margin:0px" align=right>3,409,451</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=24.4 height=13.133><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=24.4 height=13.133><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=top width=97.8 height=13.133><P style="margin:0px" align=right>2,103,553</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=68.4 height=13.133 colspan=2><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=48.8 height=13.133><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=250.467 height=13.133 colspan=3><P style="margin:0px" align=justify>Total Investments, at fair value</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=30.533 height=13.133><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=91.6 height=13.133><P style="margin:0px" align=right>46,446,440</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=24.4 height=13.133><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=24.4 height=13.133><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=97.8 height=13.133><P style="margin:0px" align=right>40,293,405</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=39.267 height=40><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=328.4 height=40 colspan=5><P style="margin:0px" align=justify>Annuity Insurance Contracts, at contract value</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=bottom width=30.533 height=40><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=bottom width=91.6 height=40><P style="margin:0px" align=right>330,362</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=24.4 height=40><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=bottom width=24.4 height=40><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=bottom width=97.8 height=40><P style="margin:0px" align=right>539,037</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=39.267 height=40><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=328.4 height=40 colspan=5><P style="margin:0px" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Investments</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=30.533 height=40><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=91.6 height=40><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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46,776,802</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=24.4 height=40><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=24.4 height=40><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=97.8 height=40><P style="margin:0px" align=right>40,832,442</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=39.267 height=40><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=328.4 height=40 colspan=5><P style="margin:0px" align=justify>Cash</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=30.533 height=40><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=91.6 height=40><P style="margin:0px" align=right>65</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=24.4 height=40><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=24.4 height=40><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=97.8 height=40><P style="margin:0px" align=right>3,357</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=39.267 height=9.8><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=328.4 height=9.8 colspan=5><P style="margin:0px" align=justify>Notes Receivable From Participants</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=30.533 height=9.8><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=91.6 height=9.8><P style="margin:0px" align=right>512,878</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=24.4 height=9.8><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=24.4 height=9.8><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=97.8 height=9.8><P style="margin:0px" align=right>553,181</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=39.267 height=9.8><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=328.4 height=9.8 colspan=5><P style="margin:0px" align=justify>Contribution Receivable From Employer</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=30.533 height=9.8><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=91.6 height=9.8><P style="margin:0px" align=right>31,496</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=24.4 height=9.8><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=24.4 height=9.8><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=97.8 height=9.8><P style="margin:0px" align=right>28,171</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=39.267 height=9.8><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=328.4 height=9.8 colspan=5><P style="margin:0px" align=justify>Contribution Receivable From Participants</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=30.533 height=9.8><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=91.6 height=9.8><P style="margin:0px" align=right>53,572</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=24.4 height=9.8><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=24.4 height=9.8><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=97.8 height=9.8><P style="margin:0px" align=right>51,676</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=39.267 height=9.8><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=328.4 height=9.8 colspan=5><P style="margin:0px" align=justify>Accrued Interest Receivable</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=bottom width=30.533 height=9.8><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=bottom width=91.6 height=9.8><P style="margin:0px" align=right>2,462</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=24.4 height=9.8><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=bottom width=24.4 height=9.8><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=bottom width=97.8 height=9.8><P style="margin:0px" align=right>3,114</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=367.667 height=32.2 colspan=6><P style="margin:0px" align=justify>TOTAL ASSETS</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=30.533 height=32.2><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=91.6 height=32.2><P style="margin:0px" align=right>47,377,275</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=24.4 height=32.2><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=24.4 height=32.2><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=97.8 height=32.2><P style="margin:0px" align=right>41,471,941</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=367.667 height=45.2 colspan=6><P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify>LIABILITIES</P>
<P style="margin:0px" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=bottom width=30.533 height=45.2><P style="margin:0px" align=right><BR></P>
<P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=bottom width=91.6 height=45.2><P style="margin:0px" align=right>-</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=24.4 height=45.2><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=bottom width=24.4 height=45.2><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=bottom width=97.8 height=45.2><P style="margin:0px" align=right>-</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=367.667 height=32.2 colspan=6><P style="margin:0px" align=justify>TOTAL LIABILITIES</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=bottom width=30.533 height=32.2><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=bottom width=91.6 height=32.2><P style="margin:0px" align=right>-</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=24.4 height=32.2><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=bottom width=24.4 height=32.2><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=bottom width=97.8 height=32.2><P style="margin:0px" align=right>-</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=367.667 height=32.2 colspan=6><P style="margin:0px" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify>NET ASSETS AVAILABLE FOR BENEFITS</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:3px double #000000" valign=bottom width=30.533 height=32.2><P style="margin:0px" align=right>$</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:3px double #000000" valign=bottom width=91.6 height=32.2><P style="margin:0px" align=right>47,377,275</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=24.4 height=32.2><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:3px double #000000" valign=bottom width=24.4 height=32.2><P style="margin:0px" align=right>$</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:3px double #000000" valign=bottom width=97.8 height=32.2><P style="margin:0px" align=right>41,471,941</P>
</TD></TR>
</TABLE>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; font-size:12pt" align=justify>The accompanying notes are an integral part of these financial statements</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin-top:0px; margin-bottom:16px" align=center><BR>
<BR></P>
<P style="margin-top:0px; margin-bottom:16px; font-size:12pt; page-break-before:always" align=center><B><U>AMERISERV FINANCIAL 401(k) PROFIT SHARING PLAN<BR>
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS</U></B></P>
<TABLE style="margin-top:0px; font-size:10pt; border-bottom:1px solid #000000" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=43.733 /><TD width=40.067 /><TD width=52.933 /><TD width=37.067 /><TD width=139.333 /><TD width=43.533 /><TD width=37.533 /><TD width=33 /><TD width=77.8 /><TD width=15.733 /><TD width=22.533 /><TD width=95.133 /></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=83.8 colspan=2><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=90 colspan=2><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=139.333><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=43.533><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=37.533><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=top width=244.2 colspan=5><P style="margin:0px" align=center>Year Ended December 31, </P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=83.8 height=27 colspan=2><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=90 height=27 colspan=2><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=139.333 height=27><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=43.533 height=27><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=37.533 height=27><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=bottom width=110.8 height=27 colspan=2><P style="margin:0px" align=center>2021</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=15.733 height=27><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=bottom width=117.667 height=27 colspan=2><P style="margin:0px" align=center>2020</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=394.2 height=35.333 colspan=7><P style="margin:0px" align=justify>ADDITIONS TO NET ASSETS ATTRIBUTED TO:</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=33 height=35.333><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=77.8 height=35.333><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=15.733 height=35.333><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=22.533 height=35.333><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=95.133 height=35.333><P style="margin:0px" align=justify><BR></P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=43.733 height=30.533><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=312.933 height=30.533 colspan=5><P style="margin:0px" align=justify>INVESTMENT INCOME:</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=37.533 height=30.533><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=33 height=30.533><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=77.8 height=30.533><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=15.733 height=30.533><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=22.533 height=30.533><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=95.133 height=30.533><P style="margin:0px" align=justify><BR></P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=43.733><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=40.067><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=310.4 colspan=5><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=33><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=77.8><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=15.733><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=22.533><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=95.133><P style="margin:0px" align=justify><BR></P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=43.733><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=40.067><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=310.4 colspan=5><P style="margin:0px" align=justify>Net Appreciation Of Investment</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=33><P style="margin:0px" align=right>$</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=77.8><P style="margin:0px" align=right>7,085,191</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=15.733><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=22.533><P style="margin:0px" align=right>$</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=95.133><P style="margin:0px" align=right>6,166,174</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=43.733><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=40.067><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=310.4 colspan=5><P style="margin:0px" align=justify>Interest And Dividends</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=top width=33><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=top width=77.8><P style="margin:0px" align=right>254,778</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=15.733><P style="margin:0px" align=center><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=top width=22.533><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=top width=95.133><P style="margin:0px" align=right>210,491</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=136.733 height=34.133 colspan=3><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=257.467 height=34.133 colspan=4><P style="margin:0px" align=justify>Total Investment Income &nbsp;</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=bottom width=33 height=34.133><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=bottom width=77.8 height=34.133><P style="margin:0px" align=right>7,339,969</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=15.733 height=34.133><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=bottom width=22.533 height=34.133><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=bottom width=95.133 height=34.133><P style="margin:0px" align=right>6,376,665</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=43.733 height=30.533><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=350.467 height=30.533 colspan=6><P style="margin:0px" align=justify>Interest Income On Notes Receivable From Participants</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=33 height=30.533><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=77.8 height=30.533><P style="margin:0px" align=right>18,188</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=15.733 height=30.533><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=22.533 height=30.533><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=95.133 height=30.533><P style="margin:0px" align=right>20,131</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=43.733 height=34.133><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=350.467 height=34.133 colspan=6><P style="margin:0px" align=justify>CONTRIBUTIONS:</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=33 height=34.133><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=77.8 height=34.133><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=15.733 height=34.133><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=22.533 height=34.133><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=95.133 height=34.133><P style="margin:0px" align=right><BR></P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=83.8 colspan=2><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=310.4 colspan=5><P style="margin:0px" align=justify>Contributions By Participants</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=33><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=77.8><P style="margin:0px" align=right>1,386,722</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=15.733><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=22.533><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=95.133><P style="margin:0px" align=right>1,361,579</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=83.8 colspan=2><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=310.4 colspan=5><P style="margin:0px" align=justify>Contributions By Employer</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=33><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=77.8><P style="margin:0px" align=right>707,751</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=15.733><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=22.533><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=95.133><P style="margin:0px" align=right>649,282</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=83.8 colspan=2><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=310.4 colspan=5><P style="margin:0px" align=justify>Rollovers</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=top width=33><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=top width=77.8><P style="margin:0px" align=right>663,195</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=15.733><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=top width=22.533><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=top width=95.133><P style="margin:0px" align=right>173,607</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=136.733 colspan=3><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=257.467 colspan=4><P style="margin:0px" align=justify>Total Contributions</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=top width=33><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=top width=77.8><P style="margin:0px" align=right>2,757,668</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=15.733><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=top width=22.533><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=top width=95.133><P style="margin:0px" align=right>2,184,468</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=136.733 height=27.533 colspan=3><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=257.467 height=27.533 colspan=4><P style="margin:0px" align=justify>Total Additions</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=bottom width=33 height=27.533><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=bottom width=77.8 height=27.533><P style="margin:0px" align=right>10,115,825</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=15.733 height=27.533><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=bottom width=22.533 height=27.533><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=bottom width=95.133 height=27.533><P style="margin:0px" align=right>8,581,264</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=394.2 height=44.333 colspan=7><P style="margin:0px" align=justify>DEDUCTIONS FROM NET ASSETS ATTRIBUTED TO:</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=33 height=44.333><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=77.8 height=44.333><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=15.733 height=44.333><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=22.533 height=44.333><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=95.133 height=44.333><P style="margin:0px" align=right><BR></P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=83.8 height=17.4 colspan=2><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=310.4 height=17.4 colspan=5><P style="margin:0px" align=justify>Benefits Paid To Participants</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=33 height=17.4><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=77.8 height=17.4><P style="margin:0px" align=right>4,190,775</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=15.733 height=17.4><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=22.533 height=17.4><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=95.133 height=17.4><P style="margin:0px" align=right>3,771,702</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=83.8 height=18.6 colspan=2><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=310.4 height=18.6 colspan=5><P style="margin:0px" align=justify>Administrative Expenses &nbsp;</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=bottom width=33 height=18.6><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=bottom width=77.8 height=18.6><P style="margin:0px" align=right>19,716</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=15.733 height=18.6><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=bottom width=22.533 height=18.6><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=bottom width=95.133 height=18.6><P style="margin:0px" align=right>6,894</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=136.733 height=20.333 colspan=3><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=257.467 height=20.333 colspan=4><P style="margin:0px" align=justify>Total Deductions</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=33 height=20.333><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=bottom width=77.8 height=20.333><P style="margin:0px" align=right>4,210,491</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=15.733 height=20.333><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=22.533 height=20.333><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=95.133 height=20.333><P style="margin:0px" align=right>3,778,596</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=136.733 height=41.333 colspan=3><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=257.467 height=41.333 colspan=4><P style="margin:0px" align=justify>Net Increase</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-top:1px solid #000000" valign=bottom width=33 height=41.333><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=77.8 height=41.333><P style="margin:0px" align=right>5,905,334</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=15.733 height=41.333><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-top:1px solid #000000" valign=bottom width=22.533 height=41.333><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-top:1px solid #000000" valign=bottom width=95.133 height=41.333><P style="margin:0px" align=right>4,802,668</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=394.2 height=33 colspan=7><P style="margin:0px" align=justify>NET ASSETS AVAILABLE FOR BENEFITS:</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=33 height=33><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=77.8 height=33><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=15.733 height=33><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=22.533 height=33><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=95.133 height=33><P style="margin:0px" align=right><BR></P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=83.8 height=22.8 colspan=2><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=310.4 height=22.8 colspan=5><P style="margin:0px" align=justify>Beginning Of The Year</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=bottom width=33 height=22.8><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=bottom width=77.8 height=22.8><P style="margin:0px" align=right>41,471,941</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=15.733 height=22.8><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=bottom width=22.533 height=22.8><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=bottom width=95.133 height=22.8><P style="margin:0px" align=right>36,669,273</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=83.8 height=27.533 colspan=2><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=310.4 height=27.533 colspan=5><P style="margin:0px" align=justify>End Of The Year</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:3px double #000000" valign=bottom width=33 height=27.533><P style="margin:0px" align=right>$</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:3px double #000000" valign=bottom width=77.8 height=27.533><P style="margin:0px" align=right>47,377,275</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=15.733 height=27.533><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:3px double #000000" valign=bottom width=22.533 height=27.533><P style="margin:0px" align=right>$</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:3px double #000000" valign=bottom width=95.133 height=27.533><P style="margin:0px" align=right>41,471,941</P>
</TD></TR>
</TABLE>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin-top:0px; margin-bottom:16px; font-size:12pt" align=center>The accompanying notes are an integral part of these financial statements</P>
<P style="margin-top:0px; margin-bottom:16px" align=center><BR>
<BR></P>
<P style="margin-top:0px; margin-bottom:16px; font-size:12pt; page-break-before:always" align=center><B>AMERISERV FINANCIAL 401(k) PROFIT SHARING PLAN<BR>
NOTES TO FINANCIAL STATEMENTS</B></P>
<P style="margin-top:0px; margin-bottom:16px; font-size:12pt" align=justify>NOTE 1 - DESCRIPTION OF PLAN</P>
<P style="margin-top:0px; margin-bottom:16px; font-size:12pt" align=justify>The following brief description of the Ameriserv Financial 401(k) Profit Sharing Plan (the <font style="font-family:'Arial Unicode MS,Times New Roman'">&#8220;</font>Plan<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8221;</font>) is provided for general information purposes only. &nbsp;Participants should refer to the Plan Document for a more comprehensive description of the Plan<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8217;</font>s provisions.</P>
<P style="margin-top:0px; margin-bottom:16px; font-size:12pt" align=justify><U>General</U></P>
<P style="margin-top:0px; margin-bottom:16px; font-size:12pt" align=justify>The Plan is a defined contribution plan covering the employees of Ameriserv Financial, Inc., and its wholly owned subsidiaries Ameriserv Financial Bank, and Ameriserv Trust and Financial Services, (the <font style="font-family:'Arial Unicode MS,Times New Roman'">&#8220;</font>Companies<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8221;</font>), including members of the United Steelworkers of America, AFL-CIO-CLC, Local Union 2635-06 (the <font style="font-family:'Arial Unicode MS,Times New Roman'">&#8220;</font>Union<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8221;</font>). &nbsp;Following the amendment to close the Ameriserv Financial Inc. defined benefit pension plan to employees hired after December 31, 2012, the Plan was amended, effective January 1, 2013. &nbsp;Union and non-union employees hired prior to January 1, 2013, who have attained the age of 21 and the earlier of completion of 12 consecutive months of service with at least 500 hours of service are eligible to participate, but are not eligible to receive an employer discretionary contribution until achieving 1,000 hours of service. &nbsp;Union and non-union employees hired and rehired after December 31, 2012, are eligible to participate upon the completion of one hour of service.<FONT style="color:#31849B"> &nbsp;</FONT>The Plan includes a 401(k) before-tax savings feature, which permits participants to defer compensation under Section 401(k) of the Internal Revenue Code. &nbsp;It is subject to the provisions of the Employee Retirement Income Security Act of 1974 (ERISA), as amended. &nbsp;The Plan is not covered by the Pension Benefit Guaranty Corporation.</P>
<P style="margin-top:0px; margin-bottom:16px; font-size:12pt" align=justify><U>Investments</U></P>
<P style="margin-top:0px; margin-bottom:13.333px; font-size:12pt" align=justify>The Administrative Employee Committee for Retirement Plans (the <font style="font-family:'Arial Unicode MS,Times New Roman'">&#8220;</font>Committee<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8221;</font>) of AmeriServ Financial Bank (the <font style="font-family:'Arial Unicode MS,Times New Roman'">&#8220;</font>Bank<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8221;</font>) has the responsibility to administer the AmeriServ Financial 401(k) Profit Sharing Plan. The Committee has the authority and responsibility to prudently and diligently select mutual funds or other investment vehicles for participant investment direction in the Plan. The Committee currently delegates this responsibility to AmeriServ Trust and Financial Services to assist the Committee in fulfilling its fiduciary obligations in the administration of the Plan investments.</P>
<P style="margin-top:0px; margin-bottom:16px; font-size:12pt" align=justify><U>Contributions</U></P>
<P style="margin-top:0px; margin-bottom:16px; font-size:12pt" align=justify>All eligible employees may elect to contribute, through the 401(k) feature, 1 percent to 100 percent of their base salaries each period to the maximum amount permitted by the Internal Revenue Code. On January 1, 2018 the plan was amended to allow Roth deferrals as an additional employee contribution option to all employees.</P>
<P style="margin-top:0px; margin-bottom:16px; font-size:12pt" align=justify>&nbsp;Non-union employees hired or rehired after December 31, 2012, will be provided an employer matching contribution equal to 50% of the first 6% of deferred compensation in addition to a nonelective contribution of 4% of their base pay plus commissions. For non-union employees hired before December 31, 2012 the match is 50% of the first 2% of pretax 401(k) contributions with no nonelective contributions. </P>
<P style="margin-top:0px; margin-bottom:16px; font-size:12pt" align=justify>Fulltime salaried union employees hired after December 31, 2012 receive a dollar for dollar match up to 4% plus a nonelective contribution of 4% of their total eligible compensation. All other eligible union employees will receive a nonelective contribution of 4% based on their total eligible compensation.</P>
<P style="margin-top:0px; margin-bottom:16px; font-size:12pt" align=justify>Employees may elect to have their contributions, in 5% increments, invested in one or more of 39 mutual funds, 11 common/collective portfolios, 2 money market/cash equivalent funds, and the Ameriserv Financial, Inc. common administered by the Plan<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8217;</font>s trustee. The diversified mutual fund investment options include bond and government securities funds and various U.S. and foreign stock funds. &nbsp;Additionally, participants can elect to </P>
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<P style="margin-top:0px; margin-bottom:16px; font-size:12pt; page-break-before:always" align=justify>have a portion of their portfolio invested in annuity insurance contracts, which are restricted based on age and minimum investment thresholds. </P>
<P style="margin-top:0px; margin-bottom:16px; font-size:12pt" align=justify>The Companies have the right to make other discretionary contributions to the Plan. &nbsp;Any contribution to be made will be on an annual basis, and such contribution is allocated as a percentage of compensation of eligible participants for the year as defined in the plan document. Participants who have attained age 50 before the end of the plan year are eligible to make catch-up contributions. Participants may also contribute amounts representing distributions from other qualified defined benefit or defined contribution plans.</P>
<P style="margin-top:0px; margin-bottom:16px; font-size:12pt" align=justify><U>Participant Accounts</U></P>
<P style="margin-top:0px; margin-bottom:16px; font-size:12pt" align=justify>Each participant<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8217;</font>s account is credited with the participant<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8217;</font>s contribution and allocation of the company<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8217;</font>s contribution (if applicable) plus Plan earnings. Allocations are based on participant earnings or account balances, as defined. The benefit to which a participant is entitled is the benefit that can be provided from the participant<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8217;</font>s vested balance.</P>
<P style="margin-top:0px; margin-bottom:16px; font-size:12pt" align=justify><U>Vesting</U></P>
<P style="margin-top:0px; margin-bottom:16px; font-size:12pt" align=justify>Participants are immediately vested in their voluntary contributions plus actual earnings thereon. &nbsp;Vesting in the Companies<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8217;</font> contributions in the Plan is based on completion of credited service years. &nbsp;A credited service year is considered one in which the participant completed at least 1,000 hours of service. &nbsp;Employees become 100 percent vested after three years of credited service.</P>
<P style="margin-top:0px; margin-bottom:16px; font-size:12pt" align=justify><U>Notes Receivable from Participants</U></P>
<P style="margin-top:0px; margin-bottom:16px; font-size:12pt" align=justify>Participants may borrow from their fund accounts a minimum of $1,000 up to a maximum equal to the lesser of $50,000 or 50% of their account balance. &nbsp;The loans are secured by the balance in the participant<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8217;</font>s account and bear interest rates that are commensurate with the five year AmeriServ Financial Bank published home equity rate on the day the loan is requested. &nbsp;Principal and interest is paid ratably through bi-weekly payroll deductions. Interest rates on the notes receivable ranged from 2.41% to 7.25%, while the maturity dates ranged from November 30, 2021 to October 31, 2026.</P>
<P style="margin-top:0px; margin-bottom:16px; font-size:12pt" align=justify><U>Payment of Benefits</U></P>
<P style="margin-top:0px; margin-bottom:16px; font-size:12pt" align=justify>On termination of service, a participant may receive a lump sum amount equal to the vested value of his or her account or elect to defer payment until a later date. &nbsp;The Plan also provides for normal retirement benefits to be paid in the form of a lump sum upon reaching age 65 or termination of employment and has provisions for deferred, death, disability and retirement benefits, and hardship withdrawals.</P>
<P style="margin-top:0px; margin-bottom:16px; font-size:12pt" align=justify><U>Forfeitures</U></P>
<P style="margin-top:0px; margin-bottom:16px; font-size:12pt" align=justify>Upon termination of employment of a member who was not fully vested in his or her Employer Account, the non-vested portion shall be forfeited in the plan year of their termination and such forfeitures shall be used in the year of forfeiture as described herein. Any amounts forfeited shall be applied to restore the member<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8217;</font>s forfeitures if, he is reemployed by the Employer or an Affiliated Employer before he has a period of Break in Service of five years and then, if available, used to pay reasonable administrative expenses of the Plan. Participant forfeitures totaled<FONT style="color:#FF0000"> </FONT>$36,261<FONT style="color:#FF0000"> </FONT>and $19,631<FONT style="color:#FF0000"> </FONT>during the years ended December 31, 2021 and 2020, respectively.<FONT style="color:#FF0000"> </FONT>Forfeiture balances totaling $19,631<FONT style="color:#FF0000"> </FONT>for the year ended December&#160;31, 2020 were used to offset administrative expenses in 2021. Forfeiture balances totaling $36,261<FONT style="color:#FF0000"> </FONT>for the year ended December 31, 2021 were used to pay administrative expenses of the Plan in 2022.</P>
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<P style="margin-top:0px; margin-bottom:16px; font-size:12pt; page-break-before:always" align=justify>NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</P>
<P style="margin-top:0px; margin-bottom:16px; font-size:12pt" align=justify><U>Basis of Accounting</U></P>
<P style="margin-top:0px; margin-bottom:16px; font-size:12pt" align=justify>The financial statements of the Plan are prepared on the accrual basis of accounting.</P>
<P style="margin-top:0px; margin-bottom:16px; font-size:12pt" align=justify><U>Accounting Estimates </U></P>
<P style="margin-top:0px; margin-bottom:16px; font-size:12pt" align=justify>The financial statements have been prepared in conformity with U.S. generally accepted accounting principles. &nbsp;In preparing the financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and changes therein and disclosures of contingent assets and liabilities. &nbsp;Actual results could differ from those estimates.</P>
<P style="margin-top:0px; margin-bottom:16px; font-size:12pt" align=justify><U>Valuation of Investments and Income Recognition</U></P>
<P style="margin-top:0px; margin-bottom:16px; font-size:12pt" align=justify>Investments are reported at fair value. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. &nbsp;The Plan<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8217;</font>s Pension Committee determines the Plan<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8217;</font>s valuation policies utilizing information provided by investment advisors, custodians, and insurance companies. &nbsp;See Note 6 for discussion of Fair Value Measurements.</P>
<P style="margin-top:0px; margin-bottom:16px; font-size:12pt" align=justify>Purchase and sales of securities are recorded on a trade-date basis. Interest income is recorded on the accrual basis. Dividends are recorded on the ex-dividend date. Net appreciation includes the plan<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8217;</font>s gains and losses on investments bought and sold as well as held during the year</P>
<P style="margin-top:0px; margin-bottom:16px; font-size:12pt" align=justify><U>Notes Receivable from Participants</U></P>
<P style="margin-top:0px; margin-bottom:16px; font-size:12pt" align=justify>Notes receivable from participants are measured at their unpaid principal balance plus any accrued interest. Interest income is recorded on the accrual basis. &nbsp;Delinquent participant loans are reclassified as distributions based upon the terms of the plan document. &nbsp;No allowance for credit losses has been recorded as of December 31, 2021 or 2020. &nbsp;If a participant ceases to make loan repayments and the plan administrator deems the participant loan to be in default, the participant loan balance is reduced and a benefit payment is recorded.</P>
<P style="margin-top:0px; margin-bottom:16px; font-size:12pt" align=justify><U>Payment of Benefits</U></P>
<P style="margin-top:0px; margin-bottom:16px; font-size:12pt" align=justify>Benefit payments to participants are recorded upon distribution.</P>
<P style="margin-top:0px; margin-bottom:16px; font-size:12pt" align=justify><U>Excess Contributions Payable</U></P>
<P style="margin-top:0px; margin-bottom:16px; font-size:12pt" align=justify>Amounts payable to participants for contributions in excess of amounts allowed by the IRS are recorded as a liability with a corresponding reduction to contributions. There were no excess contributions payable as of December 31, 2021 and December 31, 2020.</P>
<P style="margin-top:0px; margin-bottom:16px; font-size:12pt" align=justify><U>Administrative Expenses</U></P>
<P style="margin-top:0px; margin-bottom:16px; font-size:12pt" align=justify>Certain administrative functions are performed by officers and employees of the Companies. &nbsp;No such officer or employee receives compensation from the Plan. &nbsp;Certain other administrative expenses are paid directly by the</P>
<P style="margin-top:0px; margin-bottom:16px; font-size:12pt" align=justify>Companies. &nbsp;Such costs amounted to $140,377 and $144,956 for the years ended December&#160;31, 2021 and 2020, respectively. </P>
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<P style="margin-top:0px; margin-bottom:16px; font-size:12pt; page-break-before:always" align=justify><U>Reclassification of Comparative Amounts</U></P>
<P style="margin-top:0px; margin-bottom:16px; font-size:12pt" align=justify>Certain comparative amounts for the prior year have been reclassified to conform to current-year classifications. &nbsp;Such classifications did not affect the net increase in plan assets or net assets available for benefits.</P>
<P style="margin-top:0px; margin-bottom:16px; font-size:12pt" align=justify>NOTE 3 - PLAN TERMINATION</P>
<P style="margin-top:0px; margin-bottom:16px; font-size:12pt" align=justify>Although it has not expressed any intent to do so, the Companies have the right, under the Plan, to discontinue their contributions at any time and to terminate the Plan subject to the provisions of ERISA. &nbsp;In the event of termination of the Plan, participants will become 100 percent vested in their accounts.</P>
<P style="margin-top:0px; margin-bottom:16px; font-size:12pt" align=justify>NOTE 4 - TAX STATUS</P>
<P style="margin-top:0px; margin-bottom:16px; font-size:12pt" align=justify>The Internal Revenue Service has determined and informed the Companies that the Plan is designed in accordance with applicable sections of the Internal Revenue Code (IRC) by letter dated March 9, 2017. &nbsp;The plan has been amended since receiving the opinion letter, the prototype sponsor and the Plan administrator believe that the Plan is designed and is currently being operated in compliance with the applicable requirements of the IRC. The plan administrator has analyzed the tax positions taken by the plan, and has concluded that as of December 31, 2021, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the financial statements. The plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. &nbsp;The Plan Administrator believes it is no longer subject to income tax examinations for years prior to 2018.</P>
<P style="margin-top:0px; margin-bottom:16px; font-size:12pt" align=justify>NOTE 5 <font style="font-family:'Arial Unicode MS,Times New Roman'">&#8211;</font> PARTY-IN-INTEREST TRANSACTIONS</P>
<P style="margin-top:0px; margin-bottom:16px; font-size:12pt" align=justify>Certain Plan investments are shares of common/collective funds that are managed by West Chester Capital Advisors, which is a subsidiary of the Bank and Trustee of the Plan. The balance of these funds is $27,084,832 and $21,125,209 &nbsp;representing 57% and 51% of net assets available for benefits as of December 31, 2021 and 2020, respectively. These managed common/collective funds do not include the publicly traded Federated Capital Preservations Fund as a party-in-interest fund. The Plan also invests in the Plan Sponsor<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8217;</font>s common and preferred stock. &nbsp;At December 31, 2021 and 2020, the Plan held 112,548 and 115,444 shares of AmeriServ Financial, Inc. common stock and 0 and 12,733 shares of AmeriServ Financial Capital Trust preferred stock respectively. &nbsp;Dividends in the amount of $11,002 and $12,300 were received on common stock for the years ended December 31, 2021 and 2020, respectively. In addition, dividends in the amount of $19,378 and $28,243 were received on preferred stock for the years ended December 31, 2021 and 2020, respectively. &nbsp;These transactions qualify as related party transactions. All other transactions which may be considered parties-in-interest transactions relate to normal Plan management and administrative services and related payment of administrative expenses as discussed in Note 2.</P>
<P style="margin-top:0px; margin-bottom:16px; font-size:12pt" align=justify>NOTE 6 - FAIR VALUE MEASUREMENTS</P>
<P style="margin:0px; font-size:12pt" align=justify>The Plan provides enhanced disclosures about assets and liabilities carried at fair value. &nbsp;Disclosures follow a hierarchal framework that prioritizes the inputs to valuation techniques used to measure fair value. &nbsp;The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities and lowest priority to unobservable inputs. &nbsp;The three levels of the fair value hierarchy are described below:</P>
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<P style="margin-top:0px; margin-bottom:-2px; width:90.267px; font-size:12pt; float:left">Level I:</P>
<P style="margin:0px; padding-left:90.267px; text-indent:-2px; font-size:12pt" align=justify>Inputs to the valuation methodology are unadjusted quoted prices for identical assets or liabilities in active markets that the Plan has the ability to access.</P>
<P style="margin:0px; clear:left" align=justify><BR></P>
<P style="margin-top:0px; margin-bottom:-2px; width:90.267px; font-size:12pt; float:left">Level II:</P>
<P style="margin:0px; padding-left:90.267px; text-indent:-2px; font-size:12pt" align=justify>Inputs to the valuation methodology include quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in inactive markets; inputs other than quoted prices that are observable for the asset or liability; inputs that are derived principally from or corroborated by observable market data by correlation or other means. &nbsp;If the asset or liability has a specified (contractual) term, the Level II input must be observable for substantially the full term of the asset or liability.</P>
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<P style="margin-top:0px; margin-bottom:-2px; width:90.267px; font-size:12pt; float:left">Level III:</P>
<P style="margin:0px; padding-left:90.267px; text-indent:-2px; font-size:12pt" align=justify>Inputs to the valuation methodology are unobservable and significant to the fair value measurement.</P>
<P style="margin:0px; clear:left" align=justify><BR></P>
<P style="margin:0px; font-size:12pt" align=justify>The asset<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8217;</font>s or liability<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8217;</font>s fair value measurement level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. &nbsp;Valuation techniques used need to maximize the use of observable inputs and minimize the use of unobservable inputs.</P>
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<P style="margin:0px; font-size:12pt" align=justify>The following is a description of the valuation methodologies used for assets measured at fair value. There have been no changes in the methodologies used for the years ending December 31, 2021 and 2020. &nbsp;</P>
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<P style="margin:0px; font-size:12pt" align=justify><I>Common and preferred stocks</I>: Valued at the closing price reported on the active market on which the individual securities are traded. </P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; font-size:12pt" align=justify><I>Mutual funds</I>: Valued at the daily closing price as reported by the fund. &nbsp;Mutual funds held by the Plan are open-end mutual funds that are registered with the Securities and Exchange Commission. &nbsp;These funds are required to publish their daily net asset value (NAV) and to transact at that price. &nbsp;The mutual funds held by the Plan are deemed to be actively traded.</P>
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<P style="margin:0px; font-size:12pt" align=justify><I>Common/Collective Trusts</I>:<FONT style="font-size:10.5pt"> </FONT>Valued at the NAV of shares held by the plan at year end adjusted for any cash held for liquidity purposes and any fees imposed by the fund. The net asset value per unit is determined by dividing the net assets by the number of units outstanding on the day of valuation. In accordance with the terms of the Plan of Trust, the net asset value of the fund is determined daily. Units are issued and redeemed daily, at the daily net asset value. Also the net investment income and realized and unrealized gains on investments are not distributed. &nbsp;</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; font-size:12pt" align=justify><I>Money Market</I>:<FONT style="font-size:10.5pt"> </FONT><FONT style="font-size:10.5pt">&nbsp;</FONT>These investments attempt to stabilize (NAV of its shares at $1.00) by valuing their portfolio securities using the amortized cost method. A market-based NAV per share is calculated on a periodic basis. &nbsp;The issuers do not guarantee that the NAV will always remain at $1.00 per share. &nbsp;Shares can be redeemed on a same day basis but only directly from the issuer. &nbsp;</P>
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<P style="margin:0px; font-size:12pt" align=justify>The methods described above may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. &nbsp;Furthermore, while the Plan believes its valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement at the reporting date. &nbsp;</P>
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<P style="margin:0px; font-size:12pt" align=justify>The following tables sets forth by level, within the fair value hierarchy, the Plan<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8217;</font>s assets at fair value as of December 31, 2021 and 2020:</P>
<P style="margin:0px" align=justify><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=46.8 /><TD width=105.733 /><TD width=50.667 /><TD width=29.667 /><TD width=14.867 /><TD width=0.867 /><TD width=76.6 /><TD width=18 /><TD width=17.733 /><TD width=72.133 /><TD width=18.133 /><TD width=18.133 /><TD width=72.267 /><TD width=24 /><TD width=24.867 /><TD width=70.867 /></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=247.733 height=27.867 colspan=5><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=413.6 height=27.867 colspan=11><P style="margin:0px" align=center>December 31, 2021 </P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=247.733 height=17.467 colspan=5><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-top:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=77.467 height=17.467 colspan=2><P style="margin:0px" align=center>Level I</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-top:1px solid #000000" valign=top width=18 height=17.467><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-top:1px solid #000000" valign=bottom width=17.733 height=17.467><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-top:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=72.133 height=17.467><P style="margin:0px" align=center>Level II</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-top:1px solid #000000" valign=top width=18.133 height=17.467><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-top:1px solid #000000" valign=bottom width=18.133 height=17.467><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-top:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=72.267 height=17.467><P style="margin:0px; padding-left:-3.933px; padding-right:-5.733px" align=center>Level III</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-top:1px solid #000000" valign=top width=24 height=17.467><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-top:1px solid #000000" valign=bottom width=24.867 height=17.467><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-top:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=70.867 height=17.467><P style="margin:0px" align=center>Total</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=247.733 height=15.533 colspan=5><P style="margin:0px" align=justify>Assets:</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=77.467 height=15.533 colspan=2><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=18 height=15.533><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=17.733 height=15.533><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=72.133 height=15.533><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=18.133 height=15.533><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=18.133 height=15.533><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=72.267 height=15.533><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=24 height=15.533><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=24.867 height=15.533><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=70.867 height=15.533><P style="margin:0px" align=justify><BR></P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=203.2 height=15.533 colspan=3><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=29.667 height=15.533><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=15.733 height=15.533 colspan=2><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=76.6 height=15.533><P style="margin:0px" align=center><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=18 height=15.533><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=17.733 height=15.533><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=72.133 height=15.533><P style="margin:0px" align=center><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=18.133 height=15.533><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=18.133 height=15.533><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=72.267 height=15.533><P style="margin:0px" align=center><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=24 height=15.533><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=24.867 height=15.533><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=70.867 height=15.533><P style="margin:0px" align=right><BR></P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=46.8 height=11.4><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=105.733 height=11.4><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=50.667 height=11.4><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=29.667 height=11.4><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=15.733 height=11.4 colspan=2><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=76.6 height=11.4><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=18 height=11.4><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=17.733 height=11.4><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=72.133 height=11.4><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=18.133 height=11.4><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=18.133 height=11.4><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=72.267 height=11.4><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=24 height=11.4><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=24.867 height=11.4><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=70.867 height=11.4><P style="margin:0px" align=right><BR></P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=152.533 height=19.8 colspan=2><P style="margin:0px" align=justify>Mutual Funds</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=50.667 height=19.8><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=29.667 height=19.8><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=15.733 height=19.8 colspan=2><P style="margin:0px" align=right><U>$</U></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=bottom width=76.6 height=19.8><P style="margin:0px; padding-right:-8.067px" align=right>14,081,281</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=18 height=19.8><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=17.733 height=19.8><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=bottom width=72.133 height=19.8><P style="margin:0px" align=justify>$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=18.133 height=19.8><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=18.133 height=19.8><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=bottom width=72.267 height=19.8><P style="margin:0px" align=justify>$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=24 height=19.8><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=24.867 height=19.8><P style="margin:0px" align=right>$</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=bottom width=70.867 height=19.8><P style="margin:0px; padding-right:-8.067px" align=right>14,081,281</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=152.533 height=23.933 colspan=2><P style="margin:0px" align=justify>Common Stock Of</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=50.667 height=23.933><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=29.667 height=23.933><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=15.733 height=23.933 colspan=2><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=76.6 height=23.933><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=18 height=23.933><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=17.733 height=23.933><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=72.133 height=23.933><P style="margin:0px" align=center><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=18.133 height=23.933><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=18.133 height=23.933><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=72.267 height=23.933><P style="margin:0px" align=center><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=24 height=23.933><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=24.867 height=23.933><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=70.867 height=23.933><P style="margin:0px" align=justify><BR></P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=46.8 height=15.533><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=156.4 height=15.533 colspan=2><P style="margin:0px" align=justify>AmeriServ Financial, Inc.</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=29.667 height=15.533><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=15.733 height=15.533 colspan=2><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=bottom width=76.6 height=15.533><P style="margin:0px; padding-right:-8.067px" align=right>434,435</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=18 height=15.533><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=17.733 height=15.533><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=bottom width=72.133 height=15.533><P style="margin:0px" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=18.133 height=15.533><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=18.133 height=15.533><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=bottom width=72.267 height=15.533><P style="margin:0px; padding-right:-8.067px" align=center>-</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=24 height=15.533><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=24.867 height=15.533><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=bottom width=70.867 height=15.533><P style="margin:0px; padding-right:-8.067px" align=right>434,435</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=203.2 height=15.533 colspan=3><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=29.667 height=15.533><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=15.733 height=15.533 colspan=2><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=76.6 height=15.533><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=18 height=15.533><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=17.733 height=15.533><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=72.133 height=15.533><P style="margin:0px" align=center><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=18.133 height=15.533><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=18.133 height=15.533><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=72.267 height=15.533><P style="margin:0px" align=center><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=24 height=15.533><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=24.867 height=15.533><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=70.867 height=15.533><P style="margin:0px" align=right><BR></P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=46.8 height=15.533><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=156.4 height=15.533 colspan=2><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=29.667 height=15.533><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=15.733 height=15.533 colspan=2><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=76.6 height=15.533><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=18 height=15.533><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=17.733 height=15.533><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=72.133 height=15.533><P style="margin:0px" align=center><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=18.133 height=15.533><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=18.133 height=15.533><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=72.267 height=15.533><P style="margin:0px" align=center><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=24 height=15.533><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=24.867 height=15.533><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=70.867 height=15.533><P style="margin:0px" align=right><BR></P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=203.2 height=28 colspan=3><P style="margin:0px" align=justify>Money Market Funds/Cash </P>
<P style="margin:0px" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Equivalents</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=29.667 height=28><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=15.733 height=28 colspan=2><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=bottom width=76.6 height=28><P style="margin:0px; padding-right:-8.067px" align=right>3,409,451</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=18 height=28><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=17.733 height=28><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=bottom width=72.133 height=28><P style="margin:0px" align=center>-</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=18.133 height=28><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=18.133 height=28><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=bottom width=72.267 height=28><P style="margin:0px; padding-right:-8.067px" align=center>-</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=24 height=28><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=24.867 height=28><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=bottom width=70.867 height=28><P style="margin:0px; padding-right:-8.067px" align=right>3,409,451</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=46.8 height=15.533><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=105.733 height=15.533><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=50.667 height=15.533><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=29.667 height=15.533><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=15.733 height=15.533 colspan=2><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=76.6 height=15.533><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=18 height=15.533><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=17.733 height=15.533><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=72.133 height=15.533><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=18.133 height=15.533><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=18.133 height=15.533><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=72.267 height=15.533><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=24 height=15.533><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=24.867 height=15.533><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=70.867 height=15.533><P style="margin:0px" align=right><BR></P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=46.8 height=15.533><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=105.733 height=15.533><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=50.667 height=15.533><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=29.667 height=15.533><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=15.733 height=15.533 colspan=2><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=76.6 height=15.533><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=18 height=15.533><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=17.733 height=15.533><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=72.133 height=15.533><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=18.133 height=15.533><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=18.133 height=15.533><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=72.267 height=15.533><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=24 height=15.533><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=24.867 height=15.533><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=70.867 height=15.533><P style="margin:0px" align=right><BR></P>
</TD></TR>
</TABLE>
<P style="margin:0px" align=justify>&nbsp;&nbsp;Total Assets In The Fair Value</P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=47 /><TD width=107 /><TD width=45.067 /><TD width=27.733 /><TD width=15.733 /><TD width=76.733 /><TD width=18 /><TD width=18 /><TD width=72 /><TD width=18 /><TD width=18 /><TD width=72 /><TD width=24 /><TD width=24 /><TD width=72 /></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=199.067 height=12.2 colspan=3><P style="margin:0px" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hierarchy</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=27.733 height=12.2><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=15.733 height=12.2><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=bottom width=76.733 height=12.2><P style="margin:0px; padding-right:-8.067px" align=center>17,925,167</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=18 height=12.2><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=18 height=12.2><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=bottom width=72 height=12.2><P style="margin:0px" align=center>-</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=18 height=12.2><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=18 height=12.2><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=bottom width=72 height=12.2><P style="margin:0px; padding-right:-8.067px" align=center>-</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=24 height=12.2><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=24 height=12.2><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=bottom width=72 height=12.2><P style="margin:0px; padding-right:-8.067px" align=right>17,925,164</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=47 height=15.533><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=107 height=15.533><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=45.067 height=15.533><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=27.733 height=15.533><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=15.733 height=15.533><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=76.733 height=15.533><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=18 height=15.533><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=18 height=15.533><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=72 height=15.533><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=18 height=15.533><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=18 height=15.533><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=72 height=15.533><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=24 height=15.533><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=24 height=15.533><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=72 height=15.533><P style="margin:0px" align=right><BR></P>
</TD></TR>
</TABLE>
<P style="margin:0px" align=justify>&nbsp;&nbsp;</P>
<P style="margin:0px" align=justify>&nbsp;&nbsp;Investments Measured At Net</P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=47 /><TD width=107 /><TD width=45.067 /><TD width=24 /><TD width=18 /><TD width=76.8 /><TD width=19.2 /><TD width=16.667 /><TD width=74.467 /><TD width=15.733 /><TD width=20.133 /><TD width=71.267 /><TD width=23.733 /><TD width=24 /><TD width=72 /></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=199.067 height=12.2 colspan=3><P style="margin:0px" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Asset Value <FONT style="font-family:'Times,Times New Roman'; font-size:12pt"><SUP>(a)</SUP></FONT></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=24 height=12.2><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=18 height=12.2><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=bottom width=76.8 height=12.2><P style="margin:0px; padding-right:-8.067px" align=center>-</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=19.2 height=12.2><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=16.667 height=12.2><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=bottom width=74.467 height=12.2><P style="margin:0px" align=center>-</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=15.733 height=12.2><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=20.133 height=12.2><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=bottom width=71.267 height=12.2><P style="margin:0px; padding-right:-8.067px" align=center>-</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=23.733 height=12.2><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=24 height=12.2><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=bottom width=72 height=12.2><P style="margin:0px; padding-right:-8.067px" align=right>28,521,273</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=47 height=15.533><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=107 height=15.533><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=45.067 height=15.533><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=24 height=15.533><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=18 height=15.533><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=76.8 height=15.533><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=19.2 height=15.533><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=16.667 height=15.533><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=74.467 height=15.533><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=15.733 height=15.533><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=20.133 height=15.533><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=71.267 height=15.533><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=23.733 height=15.533><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=24 height=15.533><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=72 height=15.533><P style="margin:0px" align=right><BR></P>
</TD></TR>
</TABLE>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify>&nbsp;&nbsp;</P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=47.4 /><TD width=107.933 /><TD width=43.733 /><TD width=22.667 /><TD width=21.067 /><TD width=76.267 /><TD width=18.8 /><TD width=17.2 /><TD width=72 /><TD width=21.933 /><TD width=16 /><TD width=71.8 /><TD width=25.2 /><TD width=21.067 /><TD width=74.4 /></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=199.067 height=12.867 colspan=3><P style="margin:0px" align=justify>&nbsp;Investments, at fair value</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=22.667 height=12.867><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=21.067 height=12.867><P style="margin:0px" align=right>$</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:3px double #000000" valign=bottom width=76.267 height=12.867><P style="margin:0px" align=right>17,925,167</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=18.8 height=12.867><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=17.2 height=12.867><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:3px double #000000" valign=bottom width=72 height=12.867><P style="margin:0px" align=justify>$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=21.933 height=12.867><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=16 height=12.867><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:3px double #000000" valign=bottom width=71.8 height=12.867><P style="margin:0px" align=justify>$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=25.2 height=12.867><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=21.067 height=12.867><P style="margin:0px" align=right>$ </P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:3px double #000000" valign=bottom width=74.4 height=12.867><P style="margin:0px" align=right>46,446,440</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=47.4 height=16.4><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=107.933 height=16.4><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=43.733 height=16.4><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=22.667 height=16.4><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=21.067 height=16.4><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=76.267 height=16.4><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=18.8 height=16.4><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=17.2 height=16.4><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=72 height=16.4><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=21.933 height=16.4><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=16 height=16.4><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=71.8 height=16.4><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=25.2 height=16.4><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=21.067 height=16.4><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=74.4 height=16.4><P style="margin:0px" align=right><BR></P>
</TD></TR>
</TABLE>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=45.8 /><TD width=105.4 /><TD width=51.133 /><TD width=21.467 /><TD width=18 /><TD width=5.267 /><TD width=69.6 /><TD width=8.133 /><TD width=13.733 /><TD width=15.8 /><TD width=22.8 /><TD width=7.933 /><TD width=7.8 /><TD width=58.933 /><TD width=5.267 /><TD width=10.467 /><TD width=2.267 /><TD width=12.4 /><TD width=17.2 /><TD width=5.267 /><TD width=1.133 /><TD width=15.2 /><TD width=8.8 /><TD width=47.6 /><TD width=5.333 /><TD width=4.067 /><TD width=6.4 /><TD width=5.267 /><TD width=1.133 /><TD width=10.267 /><TD width=4.467 /><TD width=29.533 /><TD width=21.067 /><TD width=20.6 /><TD width=0.4 /><TD width=4.867 /></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=247.067 height=26.267 colspan=6><P style="margin:0px" align=center><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=443.733 height=26.267 colspan=30><P style="margin:0px" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;December 31, 2020 &nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=247.067 height=16.4 colspan=6><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-top:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=77.733 height=16.4 colspan=2><P style="margin:0px" align=center>&nbsp;&nbsp;&nbsp;&nbsp;Level I</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-top:1px solid #000000" valign=top width=29.533 height=16.4 colspan=2><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-top:1px solid #000000" valign=bottom width=30.733 height=16.4 colspan=2><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-top:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=72 height=16.4 colspan=3><P style="margin:0px" align=center>Level II</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-top:1px solid #000000" valign=top width=25.133 height=16.4 colspan=3><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-top:1px solid #000000" valign=bottom width=22.467 height=16.4 colspan=2><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-top:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=72.733 height=16.4 colspan=4><P style="margin:0px; padding-left:-3.933px; padding-right:-5.733px" align=center>Level III</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-top:1px solid #000000" valign=top width=15.8 height=16.4 colspan=3><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-top:1px solid #000000" valign=bottom width=16.667 height=16.4 colspan=3><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-top:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=80.933 height=16.4 colspan=6><P style="margin:0px" align=center>Total</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=241.8 height=14.6 colspan=5><P style="margin:0px" align=justify>Assets:</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-top:1px solid #000000" valign=bottom width=74.867 height=14.6 colspan=2><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=60.467 height=14.6 colspan=4><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=15.733 height=14.6 colspan=2><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=76.933 height=14.6 colspan=4><P style="margin:0px" align=center><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=29.6 height=14.6 colspan=2><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=21.6 height=14.6 colspan=3><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=65.8 height=14.6 colspan=4><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=57.067 height=14.6 colspan=6><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=21.067 height=14.6><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=20.6 height=14.6><P style="margin:0px" align=center><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=0.4 height=14.6><P style="margin:0px">&nbsp;</P></TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=4.867 height=14.6><P style="margin:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=45.8 height=7.733><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=105.4 height=7.733><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=51.133 height=7.733><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=21.467 height=7.733><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=18 height=7.733><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=74.867 height=7.733 colspan=2><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=60.467 height=7.733 colspan=4><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=15.733 height=7.733 colspan=2><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=76.933 height=7.733 colspan=4><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=29.6 height=7.733 colspan=2><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=21.6 height=7.733 colspan=3><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=65.8 height=7.733 colspan=4><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=57.067 height=7.733 colspan=6><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=21.067 height=7.733><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=20.6 height=7.733><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=0.4 height=7.733><P style="margin:0px">&nbsp;</P></TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=4.867 height=7.733><P style="margin:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=151.2 height=22.2 colspan=2><P style="margin:0px" align=justify>Mutual Funds:</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=51.133 height=22.2><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=21.467 height=22.2><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=18 height=22.2><P style="margin:0px" align=right>$</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=bottom width=74.867 height=22.2 colspan=2><P style="margin:0px; padding-right:-8.067px" align=right>15,460,783</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=21.867 height=22.2 colspan=2><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=38.6 height=22.2 colspan=2><P style="margin:0px" align=right>$</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=bottom width=74.667 height=22.2 colspan=3><P style="margin:0px" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=15.733 height=22.2 colspan=2><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=38.267 height=22.2 colspan=5><P style="margin:0px" align=right>&nbsp;$</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=bottom width=76.933 height=22.2 colspan=4><P style="margin:0px" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- </P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=15.733 height=22.2 colspan=3><P style="margin:0px" align=justify>&nbsp;</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=15.867 height=22.2 colspan=3><P style="margin:0px" align=right>$</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=bottom width=71.6 height=22.2 colspan=4><P style="margin:0px; padding-right:-4.8px" align=center>15,460,783</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=bottom width=4.667 height=22.2 colspan=4><P style="margin:0px; padding-left:4px; padding-right:4px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=151.2 height=18.067 colspan=2><P style="margin:0px" align=justify>Common Stock Of</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=51.133 height=18.067><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=21.467 height=18.067><P style="margin:0px" align=right>&nbsp;</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=18 height=18.067><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=74.867 height=18.067 colspan=2><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=21.867 height=18.067 colspan=2><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=38.6 height=18.067 colspan=2><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=74.667 height=18.067 colspan=3><P style="margin:0px" align=center><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=15.733 height=18.067 colspan=2><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=38.267 height=18.067 colspan=5><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=24 height=18.067 colspan=2><P style="margin:0px" align=center><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=52.933 height=18.067 colspan=2><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=16.867 height=18.067 colspan=4><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=86.333 height=18.067 colspan=6><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=4.533 height=18.067 colspan=6><P style="margin:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=45.8 height=14.6><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=156.533 height=14.6 colspan=2><P style="margin:0px" align=justify>AmeriServ Financial, Inc.</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=21.467 height=14.6><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=18 height=14.6><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=bottom width=74.867 height=14.6 colspan=2><P style="margin:0px; padding-right:-8.067px" align=right>361,340</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=21.867 height=14.6 colspan=2><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=38.6 height=14.6 colspan=2><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=bottom width=74.667 height=14.6 colspan=3><P style="margin:0px" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=15.733 height=14.6 colspan=2><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=38.267 height=14.6 colspan=5><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=bottom width=76.933 height=14.6 colspan=4><P style="margin:0px; padding-right:-8.067px" align=center>&nbsp;&nbsp;&nbsp;-</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=15.733 height=14.6 colspan=3><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=15.867 height=14.6 colspan=3><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=bottom width=71.6 height=14.6 colspan=4><P style="margin:0px; padding-right:-8.067px" align=center>&nbsp;&nbsp;&nbsp;&nbsp;361,340</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=bottom width=4.667 height=14.6 colspan=4><P style="margin:0px; padding-left:4px; padding-right:4px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=202.333 height=14.6 colspan=3><P style="margin:0px" align=justify>Preferred Stock Of </P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=21.467 height=14.6><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=18 height=14.6><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=74.867 height=14.6 colspan=2><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=21.867 height=14.6 colspan=2><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=38.6 height=14.6 colspan=2><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=74.667 height=14.6 colspan=3><P style="margin:0px" align=center><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=15.733 height=14.6 colspan=2><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=38.267 height=14.6 colspan=5><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=24 height=14.6 colspan=2><P style="margin:0px" align=center><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=52.933 height=14.6 colspan=2><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=16.867 height=14.6 colspan=4><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=86.333 height=14.6 colspan=6><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=4.533 height=14.6 colspan=6><P style="margin:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=45.8 height=14.6><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=156.533 height=14.6 colspan=2><P style="margin:0px" align=justify>AmeriServ Financial Capital Trust</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=21.467 height=14.6><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=18 height=14.6><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=bottom width=74.867 height=14.6 colspan=2><P style="margin:0px; padding-right:-8.067px" align=right>357,288</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=21.867 height=14.6 colspan=2><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=38.6 height=14.6 colspan=2><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=bottom width=74.667 height=14.6 colspan=3><P style="margin:0px" align=center>&nbsp;&nbsp;&nbsp;&nbsp;- &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=15.733 height=14.6 colspan=2><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=38.267 height=14.6 colspan=5><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=bottom width=76.933 height=14.6 colspan=4><P style="margin:0px; padding-right:-8.067px" align=center>&nbsp;&nbsp;&nbsp;- &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=15.733 height=14.6 colspan=3><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=15.867 height=14.6 colspan=3><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=bottom width=71.6 height=14.6 colspan=4><P style="margin:0px; padding-right:-8.067px" align=center>357,288</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=bottom width=4.667 height=14.6 colspan=4><P style="margin:0px; padding-left:4px; padding-right:4px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=202.333 height=26.467 colspan=3><P style="margin:0px" align=justify>Money Market Funds/Cash </P>
<P style="margin:0px" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Equivalents</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=21.467 height=26.467><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=18 height=26.467><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=bottom width=74.867 height=26.467 colspan=2><P style="margin:0px; padding-right:-8.067px" align=right>2,103,553</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=21.867 height=26.467 colspan=2><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=38.6 height=26.467 colspan=2><P style="margin:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=bottom width=74.667 height=26.467 colspan=3><P style="margin:0px" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=15.733 height=26.467 colspan=2><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=38.267 height=26.467 colspan=5><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=bottom width=76.933 height=26.467 colspan=4><P style="margin:0px" align=center>&nbsp;&nbsp;- &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=15.733 height=26.467 colspan=3><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=15.867 height=26.467 colspan=3><P style="margin:0px" align=right>&nbsp;&nbsp;</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=bottom width=71.6 height=26.467 colspan=4><P style="margin:0px; padding-right:-8.067px" align=justify>2,103,553</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=bottom width=4.667 height=26.467 colspan=4><P style="margin:0px; padding-left:4px; padding-right:4px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=45.8 height=14.6><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=105.4 height=14.6><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=51.133 height=14.6><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=21.467 height=14.6><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=18 height=14.6><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=74.867 height=14.6 colspan=2><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=60.467 height=14.6 colspan=4><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=15.733 height=14.6 colspan=2><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=76.933 height=14.6 colspan=4><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=29.6 height=14.6 colspan=2><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=21.6 height=14.6 colspan=3><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=65.8 height=14.6 colspan=4><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=57.067 height=14.6 colspan=6><P style="margin:0px" align=center><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=21.067 height=14.6><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=20.6 height=14.6><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=0.4 height=14.6><P style="margin:0px">&nbsp;</P></TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=4.867 height=14.6><P style="margin:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=45.8 height=14.6><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=105.4 height=14.6><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=51.133 height=14.6><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=21.467 height=14.6><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=18 height=14.6><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=74.867 height=14.6 colspan=2><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=60.467 height=14.6 colspan=4><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=15.733 height=14.6 colspan=2><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=76.933 height=14.6 colspan=4><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=29.6 height=14.6 colspan=2><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=21.6 height=14.6 colspan=3><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=65.8 height=14.6 colspan=4><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=57.067 height=14.6 colspan=6><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=21.067 height=14.6><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=20.6 height=14.6><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=0.4 height=14.6><P style="margin:0px">&nbsp;</P></TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=4.867 height=14.6><P style="margin:0px">&nbsp;</P></TD></TR>
</TABLE>
<P style="margin:0px" align=justify>&nbsp;&nbsp;Total Assets In The Fair Value</P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=48.2 /><TD width=111 /><TD width=53.467 /><TD width=15.867 /><TD width=15.733 /><TD width=74.8 /><TD width=16.733 /><TD width=1.267 /><TD width=21.4 /><TD width=20.6 /><TD width=72 /><TD width=18 /><TD width=36 /><TD width=72 /><TD width=18 /><TD width=18 /><TD width=72 /></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=212.667 height=24.333 colspan=3><P style="margin:0px" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hierarchy</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=15.867 height=24.333><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=15.733 height=24.333><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=bottom width=74.8 height=24.333><P style="margin:0px; padding-right:-8.067px" align=right>18,282,964</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=18 height=24.333 colspan=2><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=42 height=24.333 colspan=2><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=bottom width=72 height=24.333><P style="margin:0px" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=18 height=24.333><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=36 height=24.333><P style="margin:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=bottom width=72 height=24.333><P style="margin:0px" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=18 height=24.333><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=18 height=24.333><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=bottom width=72 height=24.333><P style="margin:0px; padding-right:-8.067px" align=right>18,282,964</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=48.2 height=31.267><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=111 height=31.267><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=53.467 height=31.267><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=15.867 height=31.267><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=15.733 height=31.267><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=74.8 height=31.267><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=16.733 height=31.267><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=22.667 height=31.267 colspan=2><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=92.6 height=31.267 colspan=2><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=18 height=31.267><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=36 height=31.267><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=72 height=31.267><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=18 height=31.267><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=18 height=31.267><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=72 height=31.267><P style="margin:0px" align=right><BR></P>
</TD></TR>
</TABLE>
<P style="margin:0px" align=justify>&nbsp;&nbsp;</P>
<P style="margin:0px" align=justify>&nbsp;&nbsp;Investments Measured At Net</P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=50.6 /><TD width=115.667 /><TD width=46.4 /><TD width=18.133 /><TD width=18.133 /><TD width=70.133 /><TD width=39.667 /><TD width=22.4 /><TD width=69.933 /><TD width=26.067 /><TD width=27.933 /><TD width=71.6 /><TD width=15.733 /><TD width=16 /><TD width=79.933 /></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=212.667 height=14.667 colspan=3><P style="margin:0px" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Asset Value <FONT style="font-family:'Times,Times New Roman'; font-size:12pt"><SUP>(a)</SUP></FONT></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=18.133 height=14.667><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=18.133 height=14.667><P style="margin:0px" align=center><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=bottom width=70.133 height=14.667><P style="margin:0px" align=center>&nbsp;&nbsp;- </P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=39.667 height=14.667><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=22.4 height=14.667><P style="margin:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=bottom width=69.933 height=14.667><P style="margin:0px" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- &nbsp;</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=26.067 height=14.667><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=27.933 height=14.667><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=bottom width=71.6 height=14.667><P style="margin:0px" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- </P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=15.733 height=14.667><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=16 height=14.667><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=bottom width=79.933 height=14.667><P style="margin:0px; padding-right:-8.067px" align=center>22,010,441</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=50.6 height=18.8><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=115.667 height=18.8><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=46.4 height=18.8><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=18.133 height=18.8><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=18.133 height=18.8><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=70.133 height=18.8><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=39.667 height=18.8><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=22.4 height=18.8><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=69.933 height=18.8><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=26.067 height=18.8><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=27.933 height=18.8><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=71.6 height=18.8><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=15.733 height=18.8><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=16 height=18.8><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=79.933 height=18.8><P style="margin:0px" align=right><BR></P>
</TD></TR>
</TABLE>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify>&nbsp;&nbsp;</P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=50.733 /><TD width=115.667 /><TD width=46.733 /><TD width=15.067 /><TD width=21.067 /><TD width=74.4 /><TD width=31.4 /><TD width=9.2 /><TD width=15.733 /><TD width=15.733 /><TD width=59.133 /><TD width=24.2 /><TD width=0.667 /><TD width=25.333 /><TD width=68.267 /><TD width=0.667 /><TD width=14.2 /><TD width=0.667 /><TD width=20.4 /><TD width=0.667 /><TD width=75.133 /><TD width=0.667 /></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=213.133 height=15.2 colspan=3><P style="margin:0px" align=justify>&nbsp;Investments, at fair value</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=15.067 height=15.2><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=21.067 height=15.2><P style="margin:0px" align=right>$</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:3px double #000000" valign=bottom width=74.4 height=15.2><P style="margin:0px" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18,282,964</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=31.4 height=15.2><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=24.933 height=15.2 colspan=2><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:3px double #000000" valign=bottom width=74.867 height=15.2 colspan=2><P style="margin:0px" align=justify>$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=24.2 height=15.2><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=26 height=15.2 colspan=2><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:3px double #000000" valign=bottom width=68.267 height=15.2><P style="margin:0px" align=justify>$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=14.867 height=15.2 colspan=2><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=21.067 height=15.2 colspan=2><P style="margin:0px" align=right>$ &nbsp;&nbsp;&nbsp;</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:3px double #000000" valign=bottom width=75.8 height=15.2 colspan=2><P style="margin:0px" align=justify>40,293,405</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:3px double #000000" valign=bottom width=9.467 height=15.2 colspan=2><P style="margin:0px; padding-left:4px; padding-right:4px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=50.733 height=19.467><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=115.667 height=19.467><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=46.733 height=19.467><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=15.067 height=19.467><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=21.067 height=19.467><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=115 height=19.467 colspan=3><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=15.733 height=19.467><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=15.733 height=19.467><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=59.133 height=19.467><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=24.867 height=19.467 colspan=2><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=25.333 height=19.467><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=68.933 height=19.467 colspan=2><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=14.867 height=19.467 colspan=2><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=21.067 height=19.467 colspan=2><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=75.8 height=19.467 colspan=2><P style="margin:0px" align=right><BR></P>
</TD></TR>
</TABLE>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin-top:0px; margin-bottom:16px; font-size:12pt" align=justify>(a) Investments that were measured at net asset value per share (or its equivalent) have not been classified in the fair value hierarchy. These amounts are being presented in the tables above to permit reconciliation of the fair value hierarchy to the amounts presented in the statement of net assets available for benefits.</P>
<P style="margin-top:0px; margin-bottom:16px; font-size:12pt" align=justify>Investments measured at net asset value per share and excluded from the fair value hierarchy include common/collective funds in the amounts of $28,521,273 and $22,010,441 at December&#160;31, 2021 and 2020, respectively. The fair value of these investments is measured using the net asset value per share practical expedient. These&#160;investments can be redeemed for general purposes daily and without any restrictions on the timing of the redemption. There are no unfunded commitments associated with these investments. The primary investment objective of these common/collective funds is to either provide capital appreciation and income, capital appreciation and total return or income while minimizing principal volatility. Included in the common/collective funds at December 31, 2021 and 2020 were $1,436,441 and $885,232 respectively, of </P>
<P style="margin-top:0px; margin-bottom:16px" align=justify><BR>
<BR></P>
<P style="margin-top:0px; margin-bottom:16px; font-size:12pt; page-break-before:always" align=justify>investments in the Federated Capital Preservation Fund. Plan level initiated redemption transactions within this fund require a twelve month redemption notice in order to withdraw at full book value. Plan level initiated transactions with less than a twelve month redemption notice may incur an adjustment to book value.</P>
<P style="margin-top:0px; margin-bottom:16px; font-size:12pt" align=justify>NOTE 7 - FAIR VALUE OF FINANCIAL INSTRUMENTS</P>
<P style="margin-top:0px; margin-bottom:16px; font-size:12pt" align=justify>Financial instruments are defined as cash, evidence of ownership interest in an entity, or a contract which creates an obligation or right to receive or deliver cash or another financial instrument from/to a second entity on potentially favorable or unfavorable terms. &nbsp;Fair value is defined as the amount at which a financial instrument could be exchanged in a current transaction between willing parties other than in a forced liquidation or sale. &nbsp;If a quoted market price is available for a financial instrument, the estimated fair value would be calculated based upon the market price per trading unit of the instrument.</P>
<P style="margin-top:0px; margin-bottom:16px; font-size:12pt" align=justify>Investments in mutual funds, money market funds, annuities, notes receivable from participants, common/collective funds, AmeriServ Financial, Inc. common stock and AmeriServ Financial Capital Trust preferred stock, contributions receivable, accrued interest receivable, cash and cash equivalents and cash overdrafts would be considered financial instruments. At December&#160;31, 2021 and 2020, the carrying amounts of these financial instruments approximate fair value.</P>
<P style="margin:0px; font-size:12pt" align=justify>NOTE 8<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8211;</font> FULLY BENEFIT-RESPONSIVE INVESTMENT CONTRACT</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; font-size:12pt" align=justify>The plan allows for participants to invest in individual fully benefit-responsive investment contracts with a variety of insurance companies. &nbsp;The guaranteed investment contract issuers are contractually obligated to repay the principal and a specified interest rate that is guaranteed to the Plan. The crediting rate is based on a formula established by the contract issuer and generally has a minimum and a maximum rate. The guaranteed investment contract does not permit the insurance company to terminate the agreement prior to the scheduled maturity date.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; font-size:12pt" align=justify>Management believes that these contracts meet the fully benefit-responsive investment contract criteria and therefore are reported at contract value. Contract value is the relevant measure for fully benefit-responsive investment contracts because this is the amount received by participants if they were to initiate permitted transactions under the terms of the Plan. Contract value represents contributions made under the contract, plus </P>
<P style="margin:0px; font-size:12pt" align=justify>earnings, less participant withdrawals, and administrative expenses. Participants may ordinarily direct the withdrawal or transfer of all or a portion of their investment at contract value.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; font-size:12pt" align=justify>The Plan's ability to receive amounts due is dependent on the issuer's ability to meet its financial obligations. The issuer's ability to meet its contractual obligations may be affected by future economic and regulatory developments.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; font-size:12pt" align=justify>Certain events might limit the ability of the Plan to transact at contract value with the issuer. Such events include (1) amendments to the Plan documents (including complete or partial Plan termination or merger with another plan), (2) changes to the Plan's prohibition on competing investment options or deletion of equity wash provisions, (3) bankruptcy of the Plan sponsor or other Plan sponsor events (for example, divestitures or spin-offs of a subsidiary) that cause a significant withdrawal from the Plan, or (4) the failure of the trust to qualify for exemption from federal income taxes or any required prohibited transaction exemption under ERISA (5) premature termination of the contract. No events are probable of occurring that might limit the ability of the Plan to transact at contract value with the contract issuers and that also would limit the ability of the plan to transact at contract value with the participants.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; font-size:12pt" align=justify>In addition, certain events allow the issuer to terminate the contract with the Plan and settle at an amount different from contract value. Such events include (1) an uncured violation of the Plan's investment guidelines, (2) a breach of material obligation under the contract, (3) a material misrepresentation, (4) a material amendment to the agreement without the consent of the issuer.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; font-size:12pt" align=justify>NOTE 9 <font style="font-family:'Arial Unicode MS,Times New Roman'">&#8211;</font> SUBSEQUENT EVENTS </P>
<P style="margin:0px" align=justify><BR></P>
<P style="line-height:12pt; margin:0px; font-size:12pt" align=justify>The Company assessed events occurring through June 10, 2022, the date the financial statements were issued.</P>
<P style="margin:0px; font-size:12pt" align=justify>No subsequent events occurred requiring accrual or disclosure.</P>
<P style="margin:0px" align=justify><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=15.8 /><TD width=15.8 /><TD width=156.467 /><TD width=15.733 /><TD width=37.4 /><TD width=180 /><TD width=24 /><TD width=72 /><TD width=54 /><TD width=102 /></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=673.2 height=20 colspan=10><P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px; font-size:12pt" align=center>AMERISERV FINANCIAL 401(k) PROFIT SHARING PLAN</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=673.2 height=20 colspan=10><P style="margin:0px; font-size:12pt" align=center>SCHEDULE H, LINE 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR)</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=673.2 height=20 colspan=10><P style="margin:0px; font-size:12pt" align=center>EMPLOYER IDENTIFICATION NUMBER 25-0851535</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=673.2 height=20 colspan=10><P style="margin:0px; font-size:12pt" align=center>PLAN NUMBER <font style="font-family:'Arial Unicode MS,Times New Roman'">&#8211;</font> 002</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=673.2 height=20 colspan=10><P style="margin:0px; font-size:12pt" align=center>DECEMBER 31, 2021</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=31.6 height=15 colspan=2><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=209.6 height=15 colspan=3><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=180 height=15><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=24 height=15><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=72 height=15><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=54 height=15><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=102 height=15><P style="margin:0px" align=justify><BR></P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=31.6 height=13.2 colspan=2><P style="margin:0px" align=justify>(a)</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=209.6 height=13.2 colspan=3><P style="margin:0px" align=justify>(b) Identity of issue, borrower, </P>
<P style="margin:0px" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;lessor, or similar party &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=180 height=13.2><P style="margin:0px" align=justify>(c) Description of investment</P>
<P style="margin:0px" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;including maturity date, </P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=24 height=13.2><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=72 height=13.2><P style="margin:0px" align=justify>(d) Cost</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=54 height=13.2><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=102 height=13.2><P style="margin:0px" align=center>(e) Current </P>
<P style="margin:0px" align=center>&nbsp;&nbsp;&nbsp;Value</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=31.6 height=13.8 colspan=2><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=209.6 height=13.8 colspan=3><P style="margin:0px" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=180 height=13.8><P style="margin:0px" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;rate of interest, collateral</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=24 height=13.8><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=72 height=13.8><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=54 height=13.8><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=102 height=13.8><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=31.6 height=16.2 colspan=2><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=209.6 height=16.2 colspan=3><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=180 height=16.2><P style="margin:0px" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;par or maturity value</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=24 height=16.2><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=72 height=16.2><P style="margin:0px" align=center><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=54 height=16.2><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=102 height=16.2><P style="margin:0px" align=center><BR></P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=31.6 height=24 colspan=2><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=top width=156.467 height=24><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=15.733 height=24><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=top width=217.4 height=24 colspan=2><P style="margin:0px" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=24 height=24><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=top width=72 height=24><P style="margin:0px" align=center><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=54 height=24><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=top width=102 height=24><P style="margin:0px" align=center><BR></P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=31.6 height=5.333 colspan=2><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=209.6 height=5.333 colspan=3><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=180 height=5.333><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=24 height=5.333><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=72 height=5.333><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=54 height=5.333><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=102 height=5.333><P style="margin:0px" align=justify><BR></P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=31.6 height=16 colspan=2><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=209.6 height=16 colspan=3><P style="margin:0px" align=justify><U>Common Stock</U></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=180 height=16><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=24 height=16><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=72 height=16><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=54 height=16><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" width=102 height=16><P style="margin:0px" align=right><BR></P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=31.6 height=16 colspan=2><P style="margin:0px; font-family:'Calibri,Times New Roman'" align=justify>*</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=209.6 height=16 colspan=3><P style="margin:0px" align=justify>AmeriServ Financial, Inc.</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=180 height=16><P style="margin:0px" align=justify>AmeriServ Financial, Inc.</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=24 height=16><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=72 height=16><P style="margin:0px" align=justify>N/R</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=54 height=16><P style="margin:0px" align=right>$</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" width=102 height=16><P style="margin:0px; padding-right:-7.2px" align=right>434,435</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=31.6 height=5.333 colspan=2><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=209.6 height=5.333 colspan=3><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=180 height=5.333><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=24 height=5.333><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=72 height=5.333><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=54 height=5.333><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" width=102 height=5.333><P style="margin:0px" align=right><BR></P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=31.6 height=16 colspan=2><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=209.6 height=16 colspan=3><P style="margin:0px" align=justify>Total Common Stock</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=180 height=16><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=24 height=16><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=72 height=16><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=54 height=16><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" width=102 height=16><P style="margin:0px; padding-right:-7.2px" align=right>434,435</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=31.6 height=9.533 colspan=2><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=209.6 height=9.533 colspan=3><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=180 height=9.533><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=24 height=9.533><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=72 height=9.533><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=54 height=9.533><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" width=102 height=9.533><P style="margin:0px" align=right><BR></P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=31.6 height=6.533 colspan=2><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=209.6 height=6.533 colspan=3><P style="margin:0px" align=justify><U>Mutual Funds</U></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" width=180 height=6.533><P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;Calvert Social Equity</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=24 height=6.533><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" width=72 height=6.533><P style="margin:0px" align=right><BR></P>
<P style="margin:0px" align=justify>N/R</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=54 height=6.533><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" width=102 height=6.533><P style="margin:0px" align=right><BR></P>
<P style="margin:0px; padding-right:-7.2px" align=right>234,845</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=31.6 height=5.333 colspan=2><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=209.6 height=5.333 colspan=3><P style="margin:0px" align=justify>Calvert </P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=180 height=5.333><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=24 height=5.333><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=72 height=5.333><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=54 height=5.333><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" width=102 height=5.333><P style="margin:0px" align=right><BR></P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=31.6 height=16 colspan=2><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=209.6 height=16 colspan=3><P style="margin:0px" align=justify>Blackrock</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=180 height=16><P style="margin:0px; text-indent:13.333px" align=justify>Blackrock Mid cap</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=24 height=16><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=72 height=16><P style="margin:0px" align=justify>N/R</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=54 height=16><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" width=102 height=16><P style="margin:0px; padding-right:-7.2px" align=right>25,623 &nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=31.6 height=16 colspan=2><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=209.6 height=16 colspan=3><P style="margin:0px" align=justify>Dodge &amp; Cox</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=180 height=16><P style="margin:0px; text-indent:13.333px" align=justify>Balanced Fund</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=24 height=16><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=72 height=16><P style="margin:0px" align=justify>N/R</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=54 height=16><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" width=102 height=16><P style="margin:0px; padding-right:-7.2px" align=right>118,305</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=31.6 height=16 colspan=2><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=209.6 height=16 colspan=3><P style="margin:0px" align=justify>Federated</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=180 height=16><P style="margin:0px; text-indent:13.333px" align=justify>Inst<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8217;</font>l High-Yield Bond Fd </P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=24 height=16><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=72 height=16><P style="margin:0px" align=justify>N/R</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=54 height=16><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" width=102 height=16><P style="margin:0px; padding-right:-7.2px" align=right>45,525</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=31.6 height=16 colspan=2><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=209.6 height=16 colspan=3><P style="margin:0px" align=justify>Fidelity</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=180 height=16><P style="margin:0px; text-indent:13.333px" align=justify>Intl Small Cap Opp Fd</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=24 height=16><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=72 height=16><P style="margin:0px" align=justify>N/R</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=54 height=16><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" width=102 height=16><P style="margin:0px; padding-right:-7.2px" align=right>81,304</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=31.6 height=16 colspan=2><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=209.6 height=16 colspan=3><P style="margin:0px" align=justify>Fidelity</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=180 height=16><P style="margin:0px; text-indent:13.333px" align=justify>Sel Software &amp; Comp #28</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=24 height=16><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=72 height=16><P style="margin:0px" align=justify>N/R</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=54 height=16><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" width=102 height=16><P style="margin:0px; padding-right:-7.2px" align=right>382,319</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=31.6 height=16 colspan=2><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=209.6 height=16 colspan=3><P style="margin:0px" align=justify>Fidelity</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=180 height=16><P style="margin:0px; text-indent:13.333px" align=justify>Low-Priced Stock Fund</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=24 height=16><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=72 height=16><P style="margin:0px" align=justify>N/R</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=54 height=16><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" width=102 height=16><P style="margin:0px; padding-right:-7.2px" align=right>583,341</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=31.6 height=16 colspan=2><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=209.6 height=16 colspan=3><P style="margin:0px" align=justify>Fidelity</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=180 height=16><P style="margin:0px; text-indent:13.333px" align=justify>Adv Growth- Oppor-Z</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=24 height=16><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=72 height=16><P style="margin:0px" align=justify>N/R</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=54 height=16><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" width=102 height=16><P style="margin:0px; padding-right:-7.2px" align=right>363,766</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=31.6 height=16 colspan=2><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=209.6 height=16 colspan=3><P style="margin:0px" align=justify>Fidelity</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=180 height=16><P style="margin:0px; text-indent:13.333px" align=justify>Emerging Market</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=24 height=16><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=72 height=16><P style="margin:0px" align=justify>N/R</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=54 height=16><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" width=102 height=16><P style="margin:0px; padding-right:-7.2px" align=right>2,497</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=31.6 height=16 colspan=2><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=209.6 height=16 colspan=3><P style="margin:0px" align=justify>John Hancock III</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=180 height=16><P style="margin:0px; text-indent:13.333px" align=justify>Disc Value Mid Cap</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=24 height=16><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=72 height=16><P style="margin:0px" align=justify>N/R</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=54 height=16><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" width=102 height=16><P style="margin:0px; padding-right:-7.2px" align=right>69,274</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=31.6 height=16 colspan=2><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=209.6 height=16 colspan=3><P style="margin:0px" align=justify>Loomis Sayles</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=180 height=16><P style="margin:0px; text-indent:13.333px" align=justify>Bond Fund</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=24 height=16><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=72 height=16><P style="margin:0px" align=justify>N/R</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=54 height=16><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" width=102 height=16><P style="margin:0px; padding-right:-7.2px" align=right>50,547</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=31.6 height=16 colspan=2><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=209.6 height=16 colspan=3><P style="margin:0px" align=justify>Natixis Loomis Sayles</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=180 height=16><P style="margin:0px; text-indent:13.333px" align=justify>Limited Term</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=24 height=16><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=72 height=16><P style="margin:0px" align=justify>N/R</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=54 height=16><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" width=102 height=16><P style="margin:0px; padding-right:-7.2px" align=right>44,751</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=31.6 height=16 colspan=2><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=209.6 height=16 colspan=3><P style="margin:0px" align=justify>Invesco</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=180 height=16><P style="margin:0px; text-indent:13.333px" align=justify>Global Opp - I</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=24 height=16><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=72 height=16><P style="margin:0px" align=justify>N/R</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=54 height=16><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" width=102 height=16><P style="margin:0px; padding-right:-7.2px" align=right>242,132</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=31.6 height=16 colspan=2><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=209.6 height=16 colspan=3><P style="margin:0px" align=justify>Invesco</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=180 height=16><P style="margin:0px; text-indent:13.333px" align=justify>Int. Small Mid</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=24 height=16><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=72 height=16><P style="margin:0px" align=justify>N/R</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=54 height=16><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" width=102 height=16><P style="margin:0px; padding-right:-7.2px" align=right>163,228 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=31.6 height=3.8 colspan=2><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=209.6 height=3.8 colspan=3><P style="margin:0px" align=justify>Pimco</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=180 height=3.8><P style="margin:0px; text-indent:13.333px" align=justify>GNMA Fund <font style="font-family:'Arial Unicode MS,Times New Roman'">&#8211;</font> Inst</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=24 height=3.8><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=72 height=3.8><P style="margin:0px" align=justify>N/R</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=54 height=3.8><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" width=102 height=3.8><P style="margin:0px; padding-right:-7.2px" align=right>61,176</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=31.6 height=3.8 colspan=2><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=209.6 height=3.8 colspan=3><P style="margin:0px" align=justify>Pimco</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=180 height=3.8><P style="margin:0px; text-indent:13.333px" align=justify>Income Instl Fd #1821</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=24 height=3.8><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=72 height=3.8><P style="margin:0px" align=justify>N/R</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=54 height=3.8><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" width=102 height=3.8><P style="margin:0px; padding-right:-7.2px" align=right>173,016</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=31.6 height=3.8 colspan=2><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=209.6 height=3.8 colspan=3><P style="margin:0px" align=justify>Pimco</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=180 height=3.8><P style="margin:0px; text-indent:13.333px" align=justify>Total Return Fund #35</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=24 height=3.8><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=72 height=3.8><P style="margin:0px" align=justify>N/R</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=54 height=3.8><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" width=102 height=3.8><P style="margin:0px; padding-right:-7.2px" align=right>51,253</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=31.6 height=16 colspan=2><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=209.6 height=16 colspan=3><P style="margin:0px" align=justify>Primecap</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=180 height=16><P style="margin:0px; text-indent:13.333px" align=justify>Odyssey Aggr Grwth Fd</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=24 height=16><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=72 height=16><P style="margin:0px" align=justify>N/R</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=54 height=16><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" width=102 height=16><P style="margin:0px; padding-right:-7.2px" align=right>523,038</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=31.6 height=16 colspan=2><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=209.6 height=16 colspan=3><P style="margin:0px" align=justify>T. Rowe Price</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=180 height=16><P style="margin:0px; text-indent:13.333px" align=justify>Capital Appreciation</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=24 height=16><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=72 height=16><P style="margin:0px" align=justify>N/R</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=54 height=16><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" width=102 height=16><P style="margin:0px; padding-right:-7.2px" align=right>2,551,391</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=31.6 height=16 colspan=2><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=209.6 height=16 colspan=3><P style="margin:0px" align=justify>T. Rowe Price</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=180 height=16><P style="margin:0px; text-indent:13.333px" align=justify>Financial Services</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=24 height=16><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=72 height=16><P style="margin:0px" align=justify>N/R</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=54 height=16><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" width=102 height=16><P style="margin:0px; padding-right:-7.2px" align=right>206,447</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=31.6 height=16 colspan=2><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=209.6 height=16 colspan=3><P style="margin:0px" align=justify>T. Rowe Price</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=180 height=16><P style="margin:0px; text-indent:13.333px" align=justify>Health Sciences Fd #114</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=24 height=16><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=72 height=16><P style="margin:0px" align=justify>N/R</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=54 height=16><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" width=102 height=16><P style="margin:0px; padding-right:-7.2px" align=right>921,631</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=31.6 height=16 colspan=2><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=209.6 height=16 colspan=3><P style="margin:0px" align=justify>T. Rowe Price</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=180 height=16><P style="margin:0px; text-indent:13.333px" align=justify>Retire 2020</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=24 height=16><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=72 height=16><P style="margin:0px" align=justify>N/R</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=54 height=16><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" width=102 height=16><P style="margin:0px; padding-right:-7.2px" align=right>36,440</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=31.6 height=16 colspan=2><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=209.6 height=16 colspan=3><P style="margin:0px" align=justify>T. Rowe Price</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=180 height=16><P style="margin:0px; text-indent:13.333px" align=justify>Retire 2030</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=24 height=16><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=72 height=16><P style="margin:0px" align=justify>N/R</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=54 height=16><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" width=102 height=16><P style="margin:0px; padding-right:-7.2px" align=right>342,756</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=31.6 height=16 colspan=2><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=209.6 height=16 colspan=3><P style="margin:0px" align=justify>T. Rowe Price</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=180 height=16><P style="margin:0px; text-indent:13.333px" align=justify>Retire 2035</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=24 height=16><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=72 height=16><P style="margin:0px" align=justify>N/R</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=54 height=16><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" width=102 height=16><P style="margin:0px; padding-right:-7.2px" align=right>382,834</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=31.6 height=18 colspan=2><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=209.6 height=18 colspan=3><P style="margin:0px" align=justify>T. Rowe Price</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=180 height=18><P style="margin:0px; text-indent:13.333px" align=justify>Retire 2040</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=24 height=18><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=72 height=18><P style="margin:0px" align=justify>N/R</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=54 height=18><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" width=102 height=18><P style="margin:0px; padding-right:-7.2px" align=right>393,610</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=31.6 height=16 colspan=2><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=209.6 height=16 colspan=3><P style="margin:0px" align=justify>T. Rowe Price</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=180 height=16><P style="margin:0px; text-indent:13.333px" align=justify>Retire 2045</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=24 height=16><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=72 height=16><P style="margin:0px" align=justify>N/R</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=54 height=16><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" width=102 height=16><P style="margin:0px; padding-right:-7.2px" align=right>169,950</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=15.8 height=16><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=15.8 height=16><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=156.467 height=16><P style="margin:0px">&nbsp;</P></TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=15.733 height=16><P style="margin:0px">&nbsp;</P></TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=37.4 height=16><P style="margin:0px">&nbsp;</P></TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=180 height=16><P style="margin:0px">&nbsp;</P></TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=24 height=16><P style="margin:0px">&nbsp;</P></TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=72 height=16><P style="margin:0px">&nbsp;</P></TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=54 height=16><P style="margin:0px">&nbsp;</P></TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=102 height=16><P style="margin:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=15.8 height=16><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=15.8 height=16><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=156.467 height=16><P style="margin:0px">&nbsp;</P></TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=15.733 height=16><P style="margin:0px">&nbsp;</P></TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=37.4 height=16><P style="margin:0px">&nbsp;</P></TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=180 height=16><P style="margin:0px">&nbsp;</P></TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=24 height=16><P style="margin:0px">&nbsp;</P></TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=72 height=16><P style="margin:0px">&nbsp;</P></TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=54 height=16><P style="margin:0px">&nbsp;</P></TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=102 height=16><P style="margin:0px">&nbsp;</P></TD></TR>
</TABLE>
<P style="margin:0px" align=justify><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=29.867 /><TD width=15.867 /><TD width=117.667 /><TD width=11.8 /><TD width=17.733 /><TD width=15.733 /><TD width=224.533 /><TD width=18 /><TD width=72 /><TD width=54 /><TD width=96.467 /></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=673.667 height=20 colspan=11><P style="margin:0px; font-size:12pt" align=center>SCHEDULE H, LINE 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR)</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=673.667 height=20 colspan=11><P style="margin:0px; font-size:12pt" align=center>EMPLOYER IDENTIFICATION NUMBER 25-0851535</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=673.667 height=20 colspan=11><P style="margin:0px; font-size:12pt" align=center>PLAN NUMBER <font style="font-family:'Arial Unicode MS,Times New Roman'">&#8211;</font> 002</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=673.667 height=20 colspan=11><P style="margin:0px; font-size:12pt" align=center>DECEMBER 31, 2021 (continued)</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=29.867 height=16><P style="margin:0px" align=center><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=145.333 height=16 colspan=3><P style="margin:0px" align=center><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=258 height=16 colspan=3><P style="margin:0px" align=center><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=18 height=16><P style="margin:0px" align=center><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=72 height=16><P style="margin:0px" align=center><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=54 height=16><P style="margin:0px" align=center><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=96.467 height=16><P style="margin:0px" align=center><BR></P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=29.867 height=13.2><P style="margin:0px" align=justify>(a)</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=145.333 height=13.2 colspan=3><P style="margin:0px" align=justify>(b) Identity of issue, borrower, lessor,</P>
<P style="margin:0px" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;or similar party </P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=258 height=13.2 colspan=3><P style="margin:0px; padding-right:-7.133px" align=justify>(c) Description of investment</P>
<P style="margin:0px; padding-right:-7.133px" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;including maturity date, &nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=18 height=13.2><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=72 height=13.2><P style="margin:0px" align=center>(d) Cost</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=54 height=13.2><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=96.467 height=13.2><P style="margin:0px" align=center>(e) Current </P>
<P style="margin:0px" align=center>&nbsp;&nbsp;&nbsp;Value</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=29.867 height=13.8><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=145.333 height=13.8 colspan=3><P style="margin:0px" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=258 height=13.8 colspan=3><P style="margin:0px" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;rate of interest, collateral,</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=18 height=13.8><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=72 height=13.8><P style="margin:0px" align=center><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=54 height=13.8><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=96.467 height=13.8><P style="margin:0px" align=center>&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=29.867 height=16.2><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=145.333 height=16.2 colspan=3><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=258 height=16.2 colspan=3><P style="margin:0px" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Par or maturity value </P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=18 height=16.2><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=72 height=16.2><P style="margin:0px" align=center><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=54 height=16.2><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=96.467 height=16.2><P style="margin:0px" align=center><BR></P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=29.867 height=6><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=top width=163.067 height=6 colspan=4><P style="margin:0px" align=center><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=15.733 height=6><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=top width=224.533 height=6><P style="margin:0px" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=18 height=6><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=top width=72 height=6><P style="margin:0px" align=center><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=54 height=6><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=top width=96.467 height=6><P style="margin:0px" align=center><BR></P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=29.867 height=16><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=145.333 height=16 colspan=3><P style="margin:0px" align=justify>T. Rowe Price</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=258 height=16 colspan=3><P style="margin:0px; text-indent:0.533px" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Retire 2050</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=18 height=16><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=72 height=16><P style="margin:0px" align=justify>N/R</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=54 height=16><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=96.467 height=16><P style="margin:0px; padding-right:-7.2px" align=right>36,584</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=29.867 height=16><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=145.333 height=16 colspan=3><P style="margin:0px" align=justify>T. Rowe Price</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=258 height=16 colspan=3><P style="margin:0px" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Retire 2055</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=18 height=16><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=72 height=16><P style="margin:0px" align=justify>N/R</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=54 height=16><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=96.467 height=16><P style="margin:0px; padding-right:-7.2px" align=right>31,620</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=29.867 height=16><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=145.333 height=16 colspan=3><P style="margin:0px" align=justify>T. Rowe Price </P>
<P style="margin:0px" align=justify>T. Rowe Price</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=258 height=16 colspan=3><P style="margin:0px" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Retire 2060</P>
<P style="margin:0px" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Retire 2065</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=18 height=16><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=72 height=16><P style="margin:0px" align=justify>N/R</P>
<P style="margin:0px" align=justify>N/R</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=54 height=16><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=96.467 height=16><P style="margin:0px; padding-right:-7.2px" align=right>16,406 &nbsp;</P>
<P style="margin:0px; padding-right:-7.2px" align=right>464</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=29.867 height=16><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=145.333 height=16 colspan=3><P style="margin:0px" align=justify>T. Rowe Price</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=258 height=16 colspan=3><P style="margin:0px" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Intl Discovery - I</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=18 height=16><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=72 height=16><P style="margin:0px" align=justify>N/R</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=54 height=16><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=96.467 height=16><P style="margin:0px; padding-right:-7.2px" align=right>9,254</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=29.867 height=16><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=145.333 height=16 colspan=3><P style="margin:0px" align=justify>TIAA Cref</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=258 height=16 colspan=3><P style="margin:0px" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Real Estate Securities Fd</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=18 height=16><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=72 height=16><P style="margin:0px" align=justify>N/R</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=54 height=16><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=96.467 height=16><P style="margin:0px; padding-right:-7.2px" align=right>62,595</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=29.867 height=16><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=145.333 height=16 colspan=3><P style="margin:0px" align=justify>Vanguard</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=258 height=16 colspan=3><P style="margin:0px" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Equity Income </P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=18 height=16><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=72 height=16><P style="margin:0px" align=justify>N/R</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=54 height=16><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=96.467 height=16><P style="margin:0px; padding-right:-7.2px" align=right>551,338</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=29.867 height=16><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=145.333 height=16 colspan=3><P style="margin:0px" align=justify>Vanguard</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=258 height=16 colspan=3><P style="margin:0px" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Small Cap Index-Sig</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=18 height=16><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=72 height=16><P style="margin:0px" align=justify>N/R</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=54 height=16><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=96.467 height=16><P style="margin:0px; padding-right:-7.2px" align=right>408,957</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=29.867 height=16><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=145.333 height=16 colspan=3><P style="margin:0px" align=justify>Vanguard</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=258 height=16 colspan=3><P style="margin:0px" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Institutional Index</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=18 height=16><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=72 height=16><P style="margin:0px" align=justify>N/R</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=54 height=16><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=96.467 height=16><P style="margin:0px; padding-right:-7.2px" align=right>4,080,535</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=29.867 height=16><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=145.333 height=16 colspan=3><P style="margin:0px" align=justify>Vanguard</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=258 height=16 colspan=3><P style="margin:0px" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mid Cap</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=18 height=16><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=72 height=16><P style="margin:0px" align=justify>N/R</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=54 height=16><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=96.467 height=16><P style="margin:0px; padding-right:-7.2px" align=right>220,737</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=29.867 height=16><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=145.333 height=16 colspan=3><P style="margin:0px" align=justify>Vanguard</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=258 height=16 colspan=3><P style="margin:0px" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Bond Market Index</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=18 height=16><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=72 height=16><P style="margin:0px" align=justify>N/R</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=54 height=16><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=96.467 height=16><P style="margin:0px; padding-right:-7.2px" align=right>166,805</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=29.867 height=16><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=145.333 height=16 colspan=3><P style="margin:0px" align=justify>Vanguard</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=258 height=16 colspan=3><P style="margin:0px" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Emerging Markets Index</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=18 height=16><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=72 height=16><P style="margin:0px" align=justify>N/R</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=54 height=16><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=96.467 height=16><P style="margin:0px; padding-right:-7.2px" align=right>34,695</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=29.867 height=16><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=145.333 height=16 colspan=3><P style="margin:0px" align=justify>Vanguard</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=258 height=16 colspan=3><P style="margin:0px" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Instl Growth</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=18 height=16><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=72 height=16><P style="margin:0px" align=justify>N/R</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=54 height=16><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=96.467 height=16><P style="margin:0px; padding-right:-7.2px" align=right>81,604</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=29.867 height=16><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=145.333 height=16 colspan=3><P style="margin:0px" align=justify>Virtus Kar</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=258 height=16 colspan=3><P style="margin:0px" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sm Cap Growth</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=18 height=16><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=72 height=16><P style="margin:0px" align=justify>N/R</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=54 height=16><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=top width=96.467 height=16><P style="margin:0px; padding-right:-7.2px" align=right>158,684</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=29.867 height=12.533><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=145.333 height=12.533 colspan=3><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=258 height=12.533 colspan=3><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=18 height=12.533><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=72 height=12.533><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=54 height=12.533><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=96.467 height=12.533><P style="margin:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=29.867 height=7.8><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=145.333 height=7.8 colspan=3><P style="margin:0px" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Mutual Funds </P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=258 height=7.8 colspan=3><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=18 height=7.8><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=72 height=7.8><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=54 height=7.8><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=top width=96.467 height=7.8><P style="margin:0px; padding-right:-7.2px" align=right>14,081,281</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=29.867 height=4.733><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=145.333 height=4.733 colspan=3><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=258 height=4.733 colspan=3><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=18 height=4.733><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=72 height=4.733><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=54 height=4.733><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=96.467 height=4.733><P style="margin:0px" align=justify><BR></P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=29.867 height=5.333><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=145.333 height=5.333 colspan=3><P style="margin:0px" align=justify><U>Common / Collective Funds</U></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=258 height=5.333 colspan=3><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=18 height=5.333><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=72 height=5.333><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=54 height=5.333><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=96.467 height=5.333><P style="margin:0px" align=right><BR></P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=29.867 height=16><P style="margin:0px; font-family:'Calibri,Times New Roman'" align=justify>*</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=403.333 height=16 colspan=6><P style="margin:0px" align=justify>Pathroad Tactical Balance Growth &amp; Income</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=18 height=16><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=72 height=16><P style="margin:0px" align=justify>N/R</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=54 height=16><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=96.467 height=16><P style="margin:0px; padding-right:-7.2px" align=right>10,170,093</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=29.867 height=16><P style="margin:0px; font-family:'Calibri,Times New Roman'" align=justify>*</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=403.333 height=16 colspan=6><P style="margin:0px" align=justify>Pathroad Tactical Capital Appreciation &amp; Income</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=18 height=16><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=72 height=16><P style="margin:0px" align=justify>N/R</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=54 height=16><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=96.467 height=16><P style="margin:0px; padding-right:-7.2px" align=right>8,239,245</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=29.867 height=16><P style="margin:0px; font-family:'Calibri,Times New Roman'" align=justify>*</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=403.333 height=16 colspan=6><P style="margin:0px" align=justify>Pathroad Conservative Fixed Income</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=18 height=16><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=72 height=16><P style="margin:0px" align=justify>N/R</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=54 height=16><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=96.467 height=16><P style="margin:0px; padding-right:-7.2px" align=right>138,523</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=29.867 height=16><P style="margin:0px; font-family:'Calibri,Times New Roman'" align=justify>*</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=403.333 height=16 colspan=6><P style="margin:0px" align=justify>Pathroad Tactical Conservative Growth &amp; Income</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=18 height=16><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=72 height=16><P style="margin:0px" align=justify>N/R</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=54 height=16><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=96.467 height=16><P style="margin:0px; padding-right:-7.2px" align=right>1,531,959</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=29.867 height=16><P style="margin:0px; font-family:'Calibri,Times New Roman'" align=justify>*</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=403.333 height=16 colspan=6><P style="margin:0px" align=justify>Pathroad Tactical Intermediate-Term Fixed Income</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=18 height=16><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=72 height=16><P style="margin:0px" align=justify>N/R</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=54 height=16><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=96.467 height=16><P style="margin:0px; padding-right:-7.2px" align=right>116,338</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=29.867 height=16><P style="margin:0px; font-family:'Calibri,Times New Roman'" align=justify>*</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=403.333 height=16 colspan=6><P style="margin:0px" align=justify>Pathroad Tactical Long-Term Equity</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=18 height=16><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=72 height=16><P style="margin:0px" align=justify>N/R</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=54 height=16><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=96.467 height=16><P style="margin:0px; padding-right:-7.2px" align=right>5,681,894</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=29.867 height=16><P style="margin:0px; font-family:'Calibri,Times New Roman'" align=justify>*</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=403.333 height=16 colspan=6><P style="margin:0px" align=justify>Pathroad Strategic Balanced Growth &amp; Income</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=18 height=16><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=72 height=16><P style="margin:0px" align=justify>N/R</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=54 height=16><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=96.467 height=16><P style="margin:0px; padding-right:-7.2px" align=right>97,323</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=29.867 height=16><P style="margin:0px; font-family:'Calibri,Times New Roman'" align=justify>*</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=403.333 height=16 colspan=6><P style="margin:0px" align=justify>Pathroad Strategic Conservative Growth &amp; Income</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=18 height=16><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=72 height=16><P style="margin:0px" align=justify>N/R</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=54 height=16><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=96.467 height=16><P style="margin:0px; padding-right:-7.2px" align=right>532,528</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=29.867 height=16><P style="margin:0px; font-family:'Calibri,Times New Roman'" align=justify>*</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=403.333 height=16 colspan=6><P style="margin:0px" align=justify>Pathroad Strategic Capital Appreciation &amp; Income</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=18 height=16><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=72 height=16><P style="margin:0px" align=justify>N/R</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=54 height=16><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=96.467 height=16><P style="margin:0px; padding-right:-7.2px" align=right>61,877</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=29.867 height=16><P style="margin:0px; font-family:'Calibri,Times New Roman'" align=justify>*</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=403.333 height=16 colspan=6><P style="margin:0px" align=justify>Pathroad Strategic Long-Term Equity</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=18 height=16><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=72 height=16><P style="margin:0px" align=justify>N/R</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=54 height=16><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=96.467 height=16><P style="margin:0px; padding-right:-7.2px" align=right>515,054</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=29.867 height=16><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=403.333 height=16 colspan=6><P style="margin:0px" align=justify>Federated Capital Preservation</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=18 height=16><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=72 height=16><P style="margin:0px" align=justify>N/R</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=54 height=16><P style="margin:0px" align=center><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=top width=96.467 height=16><P style="margin:0px; padding-right:-7.2px" align=right>1,436,441</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=29.867 height=13.133><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=145.333 height=13.133 colspan=3><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=258 height=13.133 colspan=3><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=18 height=13.133><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=72 height=13.133><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=54 height=13.133><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=96.467 height=13.133><P style="margin:0px" align=right><BR></P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=29.867 height=16><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=403.333 height=16 colspan=6><P style="margin:0px" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Common/Collective Funds</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=18 height=16><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=72 height=16><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=54 height=16><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=top width=96.467 height=16><P style="margin:0px; padding-right:-7.2px" align=right>28,521,273</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=29.867 height=16><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=145.333 height=16 colspan=3><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=258 height=16 colspan=3><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=18 height=16><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=72 height=16><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=54 height=16><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=96.467 height=16><P style="margin:0px" align=right><BR></P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=29.867 height=16><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=403.333 height=16 colspan=6><P style="margin:0px" align=justify><U>Money Market Funds</U></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=18 height=16><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=72 height=16><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=54 height=16><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=96.467 height=16><P style="margin:0px" align=justify><BR></P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=29.867 height=16><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=403.333 height=16 colspan=6><P style="margin:0px" align=justify>Goldman Sachs Financial Square Gov<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8217;</font>t Fund</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=18 height=16><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=72 height=16><P style="margin:0px" align=justify>N/R</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=54 height=16><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=96.467 height=16><P style="margin:0px; padding-right:-7.2px" align=right>2,929,918</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=29.867 height=16><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=403.333 height=16 colspan=6><P style="margin:0px" align=justify>Goldman Sachs Financial Treasury Obligations</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=18 height=16><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=72 height=16><P style="margin:0px" align=justify>N/R</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=54 height=16><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=96.467 height=16><P style="margin:0px; padding-right:-7.2px" align=right>479,533</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=29.867 height=10.133><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=145.333 height=10.133 colspan=3><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" width=258 height=10.133 colspan=3><P style="margin:0px" align=justify>&nbsp;</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=18 height=10.133><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=72 height=10.133><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=54 height=10.133><P style="margin:0px" align=center><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-top:1px solid #000000" valign=top width=96.467 height=10.133><P style="margin:0px" align=justify><BR></P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=29.867 height=15><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=421.333 height=15 colspan=7><P style="margin:0px" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Money Market Funds</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=72 height=15><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=54 height=15><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=top width=96.467 height=15><P style="margin:0px; padding-right:-7.2px" align=right>3,409,451</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=29.867 height=20.333><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=421.333 height=20.333 colspan=7><P style="margin:0px" align=justify><U>Annuity Insurance Contracts</U></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=72 height=20.333><P style="margin:0px" align=justify>N/R</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=54 height=20.333><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=bottom width=96.467 height=20.333><P style="margin:0px; padding-right:-7.2px" align=right>512,878</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=29.867 height=16><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=421.333 height=16 colspan=7><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=72 height=16><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=54 height=16><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=96.467 height=16><P style="margin:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=175.2 height=16 colspan=4><P style="margin:0px; font-family:'Calibri,Times New Roman'" align=justify>* &nbsp;&nbsp;&nbsp;&nbsp;<FONT style="font-family:'Times New Roman'"><U>Participant Loans</U></FONT></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=258 height=16 colspan=3><P style="margin:0px; font-size:9pt" align=justify>Interest rates ranging from 2.41% to 7.25% </P>
<P style="margin:0px; font-size:9pt" align=justify>Maturity dates ranging from 11/30/2021 to 10/31/2026 &nbsp;</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=18 height=16><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=bottom width=72 height=16><P style="margin:0px" align=right>-</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=54 height=16><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px; border-bottom:1px solid #000000" valign=bottom width=96.467 height=16><P style="margin:0px; padding-right:-7.2px" align=right>553,181</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=29.867 height=13.8><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=133.533 height=13.8 colspan=2><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=287.8 height=13.8 colspan=5><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=72 height=13.8><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=54 height=13.8><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=96.467 height=13.8><P style="margin:0px" align=right><BR></P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=29.867 height=13.8><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=15.867 height=13.8><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=405.467 height=13.8 colspan=6><P style="margin:0px" align=justify>Total</P>
<P style="margin:0px" align=justify>* Party-in-Interest</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=72 height=13.8><P style="margin:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=54 height=13.8><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=96.467 height=13.8><P style="margin:0px; padding-right:-7.2px" align=right><U>$ 47,512,495</U></P>
</TD></TR>
<TR><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=29.867 height=13.8><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=133.533 height=13.8 colspan=2><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=bottom width=287.8 height=13.8 colspan=5><P style="margin:0px" align=justify><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=72 height=13.8><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=54 height=13.8><P style="margin:0px" align=right><BR></P>
</TD><TD style="margin-top:0px; padding-left:4px; padding-top:0px; padding-right:4px; padding-bottom:0px" valign=top width=96.467 height=13.8><P style="margin:0px" align=right><BR></P>
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<P style="margin-top:0px; margin-bottom:16px; font-size:12pt; page-break-before:always" align=center><B>SIGNATURES</B></P>
<P style="margin-top:0px; margin-bottom:16px; text-indent:48px; font-size:12pt" align=justify>Pursuant to the requirements of the Securities Exchange Act of 1934, the Trustees of the AmeriServ Financial 401(k) Profit Sharing Plan have duly caused this annual report to be signed on its behalf by the undersigned thereunto duly authorized.</P>
<P style="line-height:12pt; margin-top:0px; margin-bottom:-2px; width:240px; font-size:12pt; float:left">Dated: &nbsp;June 10, 2022</P>
<P style="line-height:12pt; margin:0px; text-indent:-2px; font-size:12pt" align=justify>Ameriserv Financial 401(k) Profit Sharing Plan</P>
<P style="line-height:12pt; margin:0px; padding-left:192px; text-indent:48px; font-size:12pt; clear:left" align=justify>AmeriServ Trust and Financial Services Company, as Trustee</P>
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<P style="margin:0px; padding-left:288px; font-size:12pt" align=justify>By /s/ Kathleen Wallace</P>
<P style="margin:0px; padding-left:288px; text-indent:24px; font-size:12pt" align=justify>Kathleen Wallace, Senior Vice President</P>
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<P style="line-height:12pt; margin:0px; font-size:11pt" align=center><U>CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</U></P>
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<P style="margin:0px; font-size:11pt" align=justify>Trustees of AmeriServ Financial 401(k) Profit Sharing Plan</P>
<P style="line-height:12pt; margin:0px; font-size:11pt" align=justify>Johnstown, Pennsylvania</P>
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<P style="margin:0px; font-size:11pt" align=justify>We consent to the incorporation by reference in the Registration Statements File No. 333-176869,</P>
<P style="margin:0px; font-size:11pt" align=justify>File No. 033-55845, File No. 033-55207, and File No.033-55211 on Form S-8 and Registration </P>
<P style="margin:0px; font-size:11pt" align=justify>Statement File No. 033-56604 on Form S-3 of AmeriServ Financial, Inc. of our report dated</P>
<P style="margin:0px; font-size:11pt" align=justify>June 10, 2022, relating to our audits of the financial statements and supplemental schedule, which appears in this Annual Report on Form 11-K of the AmeriServ Financial 401(k) Profit Sharing Plan for the year ended December 31, 2021.</P>
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<P style="margin:0px; font-size:12pt" align=justify>/s/S.R. Snodgrass, P.C.</P>
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<P style="line-height:12pt; margin:0px; font-size:11pt" align=justify>Cranberry Township, Pennsylvania</P>
<P style="margin:0px; font-size:11pt" align=justify>June 10, 2022</P>
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