Ameriserv Financial Bank Mortgage Rates, Fees & Info

Johnstown, PA

LEI: 54930089UXPZ6O3RHG71

Tax ID: 25-0851535

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Mortgage Data

Bank Data

Review & Overview

Ameriserv Financial Bank is a smaller bank specializing in Home Purchase loans. Ameriserv Financial Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: State College, Pittsburgh, Johnstown, Philadelphia, and New Castle among others. We have data for 27 markets. (Some data included below & more in-depth data is available with an active subscription.)

Ameriserv Financial Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.25% 3/28/24
30 Year Conventional Refi 6.17% 3/28/24
30 Year Cash-out Refi 6.99% 3/28/24
30 Year FHA Purchase 6.27% 3/28/24
15 Year Conventional Purchase 6.48% 3/28/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Ameriserv Financial Bank Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Ameriserv Financial Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

229

Origination Dollar Volume (All Markets)

$58,795,000

Employee count

233

Top Markets

Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

Market Originations Total Value Average Loan Average Fees Average Rate
STATE COLLEGE, PA (FHA|USDA|VA) 64 $21,390,000 $334,219 $0 0.00%
PITTSBURGH, PA (FHA|USDA|VA) 48 $17,280,000 $360,000 $0 0.00%
JOHNSTOWN, PA (FHA|USDA|VA) 45 $4,835,000 $107,444 $0 0.00%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 16 $3,750,000 $234,375 $0 0.00%
New Castle, PA (FHA|USDA|VA) 1 $2,025,000 $2,025,000 $0 0.00%
Somerset, PA (FHA|USDA|VA) 9 $1,475,000 $163,889 $0 0.00%
LANCASTER, PA (FHA|USDA|VA) 5 $1,095,000 $219,000 $0 0.00%
Outside of Metro Areas 5 $845,000 $169,000 $0 0.00%
ALTOONA, PA (FHA|USDA|VA) 4 $650,000 $162,500 $0 0.00%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 3 $515,000 $171,667 $0 0.00%
Oil City, PA (FHA|USDA|VA) 1 $445,000 $445,000 $0 0.00%
GETTYSBURG, PA (FHA|USDA|VA) 2 $440,000 $220,000 $0 0.00%
LEBANON, PA (FHA|USDA|VA) 2 $430,000 $215,000 $0 0.00%
Indiana, PA (FHA|USDA|VA) 3 $425,000 $141,667 $0 0.00%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 2 $400,000 $200,000 $0 0.00%
Pottsville, PA (FHA|USDA|VA) 3 $355,000 $118,333 $0 0.00%
CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 2 $350,000 $175,000 $0 0.00%
READING, PA (FHA|USDA|VA) 2 $350,000 $175,000 $0 0.00%
EAST STROUDSBURG, PA (FHA|USDA|VA) 2 $320,000 $160,000 $0 0.00%
ERIE, PA (FHA|USDA|VA) 1 $295,000 $295,000 $0 0.00%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 2 $250,000 $125,000 $0 0.00%
DuBois, PA (FHA|USDA|VA) 2 $250,000 $125,000 $0 0.00%
Huntingdon, PA (FHA|USDA|VA) 1 $165,000 $165,000 $0 0.00%
Lock Haven, PA (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
Lewisburg, PA (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
Sayre, PA (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%
Lewistown, PA (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%
Ameriserv Financial Bank's top markets include State College, Pittsburgh, Johnstown, Philadelphia, and New Castle among others.

Their top states include:
  • Pennsylvania (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 182 $50,420,000 $277,033 $0 0.00%
    FHA 31 $5,355,000 $172,742 $0 0.00%
    VA 8 $2,130,000 $266,250 $0 0.00%
    USDA 8 $890,000 $111,250 $0 0.00%

    For 2018, Ameriserv Financial Bank's most frequently originated type of loan was Conventional, with 182 originations. Their 2nd most popular type was FHA, with 31 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 198 $44,870,000 $226,616 $0 0.00%
    Refi 17 $11,625,000 $683,824 $0 0.00%
    Cash Out Refi 13 $2,275,000 $175,000 $0 0.00%
    Home Improvement 1 $25,000 $25,000 $0 0.00%

    For 2018, Ameriserv Financial Bank's most frequently cited loan purpose was Home Purchase, with 198 originations. The 2nd most popular reason was Refi, with 17 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 229 $58,795,000 $256,747 $0 0.00%

    For 2018, Ameriserv Financial Bank's most frequently cited loan duration was Other, with 229 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 87 $13,205,000 $151,782 $0 0.00%
    $200k-400k 76 $20,230,000 $266,184 $0 0.00%
    $100,000 or less 47 $2,995,000 $63,723 $0 0.00%
    $400k-600k 9 $3,985,000 $442,778 $0 0.00%
    $1MM+ 5 $14,635,000 $2,927,000 $0 0.00%
    $600k-1MM 5 $3,745,000 $749,000 $0 0.00%

    2018 saw Ameriserv Financial Bank place emphasis on $100k-200k loans with 87 originations, totaling $13,205,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 51 $7,895,000 $154,804 $0 0.00%
    $100k-150k 43 $9,955,000 $231,512 $0 0.00%
    $75k-100k 38 $6,830,000 $179,737 $0 0.00%
    $50k or less 29 $2,865,000 $98,793 $0 0.00%
    $150k-250k 26 $6,620,000 $254,615 $0 0.00%
    $250k+ 8 $2,760,000 $345,000 $0 0.00%

    Ameriserv Financial Bank lent most frequently to those with incomes in the $50k-75k range, with 51 originations. The second most popular income band? $100k-150k, with 43 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 229 $58,795,000 $256,747 $0 0.00%

    Ameriserv Financial Bank lent most frequently to those with DTI ratios of Exempt%, with 229 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 188 $35,300,000 $187,766 $0 0.00%
    Not applicable 27 $20,455,000 $757,593 $0 0.00%
    Asian 6 $1,470,000 $245,000 $0 0.00%
    Not provided 5 $755,000 $151,000 $0 0.00%
    Black 2 $730,000 $365,000 $0 0.00%
    Asian Indian 1 $85,000 $85,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    97.34%

    Ameriserv Financial Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    72.93%

    Ameriserv Financial Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 229 $58,795,000 $256,747

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 15 $19,135,000 $1,275,667
    Single Family (1-4 Units):Site-Built 214 $39,660,000 $185,327

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    American Financial Network Inc. VA mortgage Closing on a mortgage 1 11.1%
    American Financial Network Inc. FHA mortgage Applying for a mortgage or refinancing an existing mortgage 2 22.2%
    American Financial Network Inc. FHA mortgage Closing on a mortgage 2 22.2%
    American Financial Network Inc. Home equity loan or line of credit (HELOC) Trouble during payment process 1 11.1%
    American Financial Network Inc. Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 11.1%
    American Financial Network Inc. VA mortgage Applying for a mortgage or refinancing an existing mortgage 2 22.2%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Ameriserv Financial Bank #1 Roadway Plaza Seward, PA 15954 Full Service B&M $18,964
    Ameriserv Financial Bank 101 South Main Street Carrolltown, PA 15722 Full Service B&M $64,269
    Ameriserv Financial Bank 104 Sunshine Avenue Central City, PA 15926 Full Service B&M $20,984
    Ameriserv Financial Bank 1059 Franklin Street Johnstown, PA 15905 Full Service B&M $25,508
    Ameriserv Financial Bank 108 West Main Street Somerset, PA 15501 Full Service B&M $41,782
    Ameriserv Financial Bank 110 Plaza Drive Johnstown, PA 15905 Full Service B&M $72,060
    Ameriserv Financial Bank 112 South Chestnut Derry, PA 15627 Full Service B&M $32,862
    Ameriserv Financial Bank 1213 Scalp Avenue Johnstown, PA 15904 Limited, Drive-thru $0
    Ameriserv Financial Bank 1383 Shoemaker Street Nanty Glo, PA 15943 Full Service B&M $36,647
    Ameriserv Financial Bank 1404 Eisenhower Boulevard Johnstown, PA 15904 Full Service B&M $120,392
    Ameriserv Financial Bank 1501 Somerset Avenue Windber, PA 15963 Full Service B&M $30,700
    Ameriserv Financial Bank 179 Lovell Avenue Ebensburg, PA 15931 Full Service B&M $89,391
    Ameriserv Financial Bank 1857 North Atherton Street State College, PA 16803 Full Service B&M $52,035
    Ameriserv Financial Bank 216 Franklin Street Johnstown, PA 15901 Full Service B&M $225,472
    Ameriserv Financial Bank 4206 Crawford Ave Northern Cambria, PA 15714 Full Service B&M $37,769
    Ameriserv Financial Bank 60 Boulevard Of Allies, Suite 100 Pittsburgh, PA 15222 Full Service B&M $59,540

    For 2018, Ameriserv Financial Bank had 16 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $46,808
    Net interest income $36,850
    Total noninterest income $5,414
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,557
    Trading account gains and fees $0
    Additional Noninterest Income $3,857
    Pre-tax net operating income $11,127
    Securities gains (or losses, -) $-213
    Income before extraordinary items $8,978
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $8,978
    Minority interest net income $0
    Net income $8,978
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $9,152

    Ameriserv Financial Bank's gross interest income from loans was $46,808,000.
    Ameriserv Financial Bank's net interest income from loans was $36,850,000.
    Ameriserv Financial Bank's fee based income from loans was $1,557,000.
    Ameriserv Financial Bank's net income from loans was $8,978,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $9,958
    Provision for credit losses $-600
    Total noninterest expense $31,737
    Salaries and employee benefits $17,534
    Premises and equipment expense $3,572
    Additional noninterest expense $10,631
    Applicable income taxes $1,936
    Net charge-offs $943
    Cash dividends $3,500

    Ameriserv Financial Bank's interest expense for loans was $9,958,000.
    Ameriserv Financial Bank's payroll and benefits expense were $17,534,000.
    Ameriserv Financial Bank's property, plant and equipment expenses $3,572,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $949,371
    Deposits held in domestic offices $949,371
    Deposits by Individuals, partnerships, and corporations $820,627
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $127,888
    Deposits by Commercial banks and other depository institutions in U.S. $856
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $216,810
    Demand deposits $173,067
    Nontransaction accounts $732,561
    Money market deposit accounts (MMDAs) $357,932
    Other savings deposits (excluding MMDAs) $97,104
    Total time deposits $277,527
    Total time and savings deposits $776,304
    Noninterest-bearing deposits $150,827
    Interest-bearing deposits $798,544
    Retail deposits $888,224
    IRAs and Keogh plan accounts $75,385
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,145,678
    Cash & Balances due from depository institutions $29,206
    Interest-bearing balances $5,503
    Total securities $179,678
    Federal funds sold & reverse repurchase $0
    Net loans and leases $854,458
    Loan and leases loss allowance $8,671
    Trading account assets $0
    Bank premises and fixed assets $13,181
    Other real estate owned $157
    Goodwill and other intangibles $11,944
    All other assets $57,054

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,145,678
    Total Liabilities $1,042,031
    Total deposits $949,371
    Interest-bearing deposits $798,544
    Deposits held in domestic offices $949,371
    % insured (estimated) $70
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $87,750
    Subordinated debt $0
    All other liabilities $4,910

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $854,458
    Loan and leases loss allowance $8,671
    Total loans and leases (domestic) $863,129
    All real estate loans $685,145
    Real estate loans in domestic offices $685,145
    Construction and development loans $30,109
    Residential 1-4 family construction $684
    Other construction, all land development and other land $29,425
    Loans secured by nonfarm nonresidential properties $366,946
    Nonfarm nonresidential secured by owner-occupied properties $83,781
    Commercial real estate & other non-farm, non-residential $283,165
    Multifamily residential real estate $47,634
    1-4 family residential loans $237,836
    Farmland loans $2,620
    Loans held in foreign offices $0
    Farm loans $799
    Commercial and industrial loans $148,101
    To non-U.S. addressees $0
    Loans to individuals $17,362
    Credit card loans $0
    Related Plans $11,963
    Consumer Auto Loans $1,171
    Other loans to individuals $4,228
    All other loans & leases $11,722
    Loans to foreign governments and official institutions $0
    Other loans $7,773
    Loans to depository institutions and acceptances of other banks $500
    Loans not secured by real estate $22,107
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    AmeriServ Financial Bank had $854,458,000 of loans outstanding in 2018. $685,145,000 of loans were in real estate loans. $30,109,000 of loans were in development loans. $47,634,000 of loans were in multifamily mortgage loans. $237,836,000 of loans were in 1-4 family mortgage loans. $799,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,171,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 274 $71,028 $259,226
    Nonfarm, nonresidential loans - <$100k 66 $2,246 $34,030
    Nonfarm, nonresidential loans - $100-250k 79 $10,323 $130,671
    Nonfarm, nonresidential loans - $250k-1MM 129 $58,459 $453,171
    Commercial & Industrial, US addressed loans - <$1MM 554 $55,439 $100,070
    Commercial & Industrial, US addressed loans - <$100k 357 $7,864 $22,028
    Commercial & Industrial, US addressed loans - $100-250k 91 $8,224 $90,374
    Commercial & Industrial, US addressed loans - $250k-1MM 106 $39,351 $371,236
    Farmland loans - <$1MM 3 $685 $228,333
    Farmland loans - <$100k 1 $54 $54,000
    Farmland loans - $250k-1MM 2 $631 $315,500