AmeriServ Financial, Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2016. For the quarter, the company reported net income available to common shareholders of $1,150,000, or $0.06 per diluted common share compared to $1,321,000 or $0.07 per diluted common share.  Total interest income was $10,582,000 compared to $10,282,000 a year ago. Return on average assets was 0.40% compared to 0.49% a year ago. Pretax income was $1,573,000 compared to $1,770,000 a year ago. Book value as on December 31, 2016 was $5.05 per share compared to $5.19 per share as on December 31, 2015. Net interest income was $8,584,000 compared to $8,592,000 for the same period a year ago. Return on average equity was 4.58% compared to 4.56% a year ago.

For the year ended December 31, 2016, the company reported net income available to common shareholders of $2,295,000 or $0.12 per diluted share compared to $5,787,000 or $0.31 per diluted common share. Total interest income was $41,869,000 compared to $41,881,000 a year ago. Return on average assets was 0.20% compared to 0.54% a year ago. Pretax income of $3,207,000 compared to $8,340,000 a year ago. Net interest income was $34,134,000 compared to $35,361,000 for the same period a year ago. Return on average equity was 2.30% compared to 5.10% a year ago.

For the fourth quarter of 2016, the company experienced net loan charge-offs of $94,000 or 0.04% of total loans compared to net loan charge-offs of $351,000 or 0.16% of total loans, in the fourth quarter of 2015.