ASRV — what changed in the latest 10-Q
A section-by-section comparison of ASRV's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-08-14 vs the prior 10-Q · 2026-05-14
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +56 | −38 | ~25 | 35 |
| Market risk (Item 3) | Text added/removed | +2 | −3 | 0 | 1 |
| Controls & procedures | Text added/removed | +2 | −3 | 0 | 0 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Other information | Text added/removed | 0 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Risk factors
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-08-14
The Company reported second quarter 2026 net income of $2,738,000, or $0.16 per diluted common share. This performance represented a $3.0 million improvement from the second quarter of 2025 when the net loss totaled $282,000, or $0.02 per diluted common share. Record quarterly earnings were achieved…
Total interest expense in the second quarter of 2026 decreased by $532,000, or 7.3%, when compared to the second quarter of 2025. Deposit interest expense decreased by $344,000, or 5.4%, despite total average interest-bearing deposits growing by $40.1 million, or 3.8%, compared to the second quarter…
Total borrowings interest expense decreased by $188,000, or 21.2%, for the second quarter of 2026 when compared to the second quarter of 2025. The Company’s average utilization of overnight borrowed funds in the second quarter of 2026 was lower than the 2025 second quarter average level by $3.3 mill…
The table that follows provides an analysis of net interest income on a tax-equivalent basis (non-GAAP) for the three-month periods ended June 30, 2026 and 2025 setting forth (i) average assets, liabilities, and shareholders’ equity, (ii) interest income earned on interest earning assets and interes…
Three months ended June 30 (In thousands, except percentages)
Text removed vs the prior filing · source: 10-Q · 2026-05-14
The Company reported first quarter 2026 net income of $1,794,000, or $0.11 per diluted common share. This performance represented a $114,000, or 6.0%, decrease from the first quarter of 2025 when net income totaled $1,908,000, or $0.12 per diluted common share. Despite the lower level of net income,…
Total interest expense in the first quarter of 2026 decreased favorably by $417,000, or 5.9%, when compared to the first quarter of 2025. Deposit interest expense decreased by $205,000, or 3.3%, despite total average interest-bearing
deposits growing by $39.2 million, or 3.8%, compared to the first quarter of last year. The decrease in deposit interest expense reflects management’s effective deposit pricing strategies along with the benefit of the Federal Reserve easing monetary policy during the final four months of 2025. This …
Total borrowings interest expense decreased by $212,000, or 21.9%, for the first quarter of 2026 when compared to the first quarter of 2025. The Company’s average utilization of overnight borrowed funds in the first quarter of 2026 was lower than the 2025 first quarter average level by $5.6 million,…
The table that follows provides an analysis of net interest income on a tax-equivalent basis (non-GAAP) for the three-month periods ended March 31, 2026 and 2025 setting forth (i) average assets, liabilities, and shareholders’ equity, (ii) interest income earned on interest earning assets and intere…
Market risk (Item 3)
Text added vs the prior filing · source: 10-Q · 2026-08-14
(a) Evaluation of Disclosure Controls and Procedures. The Company’s management carried out an evaluation, under the supervision and with the participation of the President, Chief Executive Officer and Chief Financial Officer, of the effectiveness of the design and the operation of the Company’s disc…
(b) Changes in Internal Controls. Effective June 19, 2026, AmeriServ Financial, Inc. migrated to a new core banking system. The Company designed new controls and modified existing controls as part of this system migration project. While the implementation of the new core banking system required adju…
Text removed vs the prior filing · source: 10-Q · 2026-05-14
(a) Evaluation of Disclosure Controls and Procedures. The Company’s management carried out an evaluation, under the supervision and with the participation of the Chief Executive Officer and the Chief Financial Officer, of the effectiveness of the design and the operation of the Company’s disclosure …
defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act) as of March 31, 2026, pursuant to Exchange Act Rule 13a-15. Based upon that evaluation, the Chief Executive Officer along with the Chief Financial Officer concluded that the Company’s disclosure controls and procedures as of March 31, …
(b) Changes in Internal Controls. There have been no changes in AmeriServ Financial, Inc.’s internal controls over financial reporting (as defined in Rule 13a-15(f)) that occurred during the most recent fiscal quarter that have materially affected, or are reasonably likely to materially affect, the …
Controls & procedures
Text added vs the prior filing · source: 10-Q · 2026-08-14
(a) Evaluation of Disclosure Controls and Procedures. The Company’s management carried out an evaluation, under the supervision and with the participation of the President, Chief Executive Officer and Chief Financial Officer, of the effectiveness of the design and the operation of the Company’s disc…
(b) Changes in Internal Controls. Effective June 19, 2026, AmeriServ Financial, Inc. migrated to a new core banking system. The Company designed new controls and modified existing controls as part of this system migration project. While the implementation of the new core banking system required adju…
Text removed vs the prior filing · source: 10-Q · 2026-05-14
(a) Evaluation of Disclosure Controls and Procedures. The Company’s management carried out an evaluation, under the supervision and with the participation of the Chief Executive Officer and the Chief Financial Officer, of the effectiveness of the design and the operation of the Company’s disclosure …
defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act) as of March 31, 2026, pursuant to Exchange Act Rule 13a-15. Based upon that evaluation, the Chief Executive Officer along with the Chief Financial Officer concluded that the Company’s disclosure controls and procedures as of March 31, …
(b) Changes in Internal Controls. There have been no changes in AmeriServ Financial, Inc.’s internal controls over financial reporting (as defined in Rule 13a-15(f)) that occurred during the most recent fiscal quarter that have materially affected, or are reasonably likely to materially affect, the …
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice