AmeriServ Financial (ASRV) 10-K 2 Mar 20 2019 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2019	Jan. 31, 2020	Jun. 30, 2019
Cover [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	FY
Entity Registrant Name	AMERISERV FINANCIAL INC /PA/
Entity Central Index Key	0000707605
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Current Reporting Status	Yes
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Interactive Data Current	Yes
Entity Common Stock, Shares Outstanding		17,057,871
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Public Float			$ 65,717,632
Trading Symbol	ASRV

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands		Dec. 31, 2019	Dec. 31, 2018
ASSETS
Cash and due from depository institutions		$ 15,642	$ 27,970
Interest bearing deposits		2,755	2,740
Short-term investments in money market funds		3,771	4,184
Cash and cash equivalents		22,168	34,894
Investment securities:
Available for sale		141,749	146,731
Held to maturity (fair value $41,082 at December 31, 2019 and $40,324 at December 31, 2018)		39,936	40,760
Loans held for sale		4,868	847
Loans		883,090	862,604
Less: Unearned income		384	322
Allowance for loan losses		9,279	8,671
Net loans		873,427	853,611
Premises and equipment:
Operating lease right-of-use asset		846	0
Financing lease right-of-use asset		3,078	0
Other premises and equipment, net		14,643	13,348
Accrued interest income receivable		3,449	3,489
Goodwill		11,944	11,944
Bank owned life insurance		38,916	38,395
Net deferred tax asset		3,976	3,637
Federal Home Loan Bank stock		3,985	4,520
Federal Reserve Bank stock		2,125	2,125
Other assets		6,074	6,379
TOTAL ASSETS		1,171,184	1,160,680
LIABILITIES
Non-interest bearing deposits		136,462	150,627
Interest bearing deposits		824,051	798,544
Total deposits		960,513	949,171
Short-term borrowings		22,412	41,029
Advances from Federal Home Loan Bank		53,668	46,721
Operating lease liabilities		865	0
Financing lease liabilities		3,163	0
Guaranteed junior subordinated deferrable interest debentures, net		12,955	12,939
Subordinated debt		7,511	7,488
Total borrowed funds		100,574	108,177
Other liabilities		11,483	5,355
TOTAL LIABILITIES		1,072,570	1,062,703
SHAREHOLDERS' EQUITY
Common stock, par value $0.01 per share; 30,000,000 shares authorized: 26,650,728 shares issued and 17,057,871 shares outstanding on December 31, 2019; 30,000,000 shares authorized: 26,609,811 shares issued and 17,619,303 shares outstanding on December 31, 2018		267	266
Treasury stock at cost, 9,592,857 shares on December 31, 2019 and 8,990,508 shares on December 31, 2018		(83,129)	(80,579)
Capital surplus		145,888	145,782
Retained earnings		51,759	46,733
Accumulated other comprehensive loss, net	[1]	(16,171)	(14,225)
TOTAL SHAREHOLDERS' EQUITY		98,614	97,977
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY		$ 1,171,184	$ 1,160,680
[1]	Amounts in parentheses indicate debits on the Consolidated Balance Sheets.

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
CONSOLIDATED BALANCE SHEETS
Held to maturity securities, fair value	$ 41,082	$ 40,324
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	30,000,000	30,000,000
Common stock, shares issued	26,650,728	26,609,811
Common stock, shares outstanding	17,057,871	17,619,303
Treasury stock, shares	9,592,857	8,990,508

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Interest and fees on loans:
Taxable	$ 42,832	$ 40,938	$ 39,122
Tax exempt	101	90	95
Interest bearing deposits	24	20	11
Short-term investments in money market funds	293	201	130
Investment securities:
Available for sale	5,090	4,527	3,800
Held to maturity	1,427	1,318	1,198
Total Interest Income	49,767	47,094	44,356
INTEREST EXPENSE
Deposits	11,189	8,443	6,255
Short-term borrowings	288	720	206
Advances from Federal Home Loan Bank	1,090	797	694
Financing lease liabilities	117	0	0
Guaranteed junior subordinated deferrable interest debentures	1,121	1,120	1,120
Subordinated debt	520	520	520
Total Interest Expense	14,325	11,600	8,795
NET INTEREST INCOME	35,442	35,494	35,561
Provision (credit) for loan losses	800	(600)	800
NET INTEREST INCOME AFTER PROVISION (CREDIT) FOR LOAN LOSSES	34,642	36,094	34,761
NON-INTEREST INCOME
Wealth management fees	9,730	9,659	9,170
Service charges on deposit accounts	1,271	1,420	1,581
Net gains on loans held for sale	865	489	679
Mortgage related fees	302	196	285
Net realized gains (losses) on investment securities	118	(439)	115
Impairment charge on other investments	(500)	0	0
Bank owned life insurance	521	536	737
Other income	2,466	2,363	2,078
Total Non-Interest Income	14,773	14,224	14,645
NON-INTEREST EXPENSE
Salaries and employee benefits	25,429	24,358	23,920
Net occupancy expense	2,497	2,462	2,600
Equipment expense	1,510	1,464	1,585
Professional fees	4,885	5,039	5,058
Supplies, postage and freight	605	674	676
Miscellaneous taxes and insurance	1,135	1,062	1,194
Federal deposit insurance expense	100	557	628
Other expense	5,654	5,257	5,065
Total Non-Interest Expense	41,815	40,873	40,726
PRETAX INCOME	7,600	9,445	8,680
Provision for income taxes	1,572	1,677	5,387
NET INCOME	$ 6,028	$ 7,768	$ 3,293
Basic:
Net income	$ 0.35	$ 0.43	$ 0.18
Average number of shares outstanding	17,359	17,933	18,498
Diluted:
Net income	$ 0.35	$ 0.43	$ 0.18
Average number of shares outstanding	17,440	18,037	18,600
Cash dividends declared	$ 0.095	$ 0.075	$ 0.060

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
COMPREHENSIVE INCOME
Net income		$ 6,028	$ 7,768	$ 3,293
Other comprehensive income (loss), before tax:
Pension obligation change for defined benefit plan		(6,418)	(244)	1,303
Income tax effect		1,348	51	(442)
Unrealized holding gains (losses) on available for sale securities arising during period		4,072	(1,810)	(40)
Income tax effect		(855)	381	13
Reclassification adjustment for (gains) losses on available for sale securities included in net income	[1]	(118)	439	(115)
Income tax effect	[1]	25	(92)	39
Other comprehensive income (loss)		(1,946)	(1,275)	758
Comprehensive income		$ 4,082	$ 6,493	$ 4,051
[1]	Amounts in parentheses indicate credits.

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	COMMON STOCK [Member]	TREASURY STOCK [Member]	CAPITAL SURPLUS [Member]	RETAINED EARNINGS [Member]	ACCUMULATED OTHER COMPREHENSIVE LOSS, NET [Member]	Total
Balance at beginning of period at Dec. 31, 2016	$ 265	$ (74,829)	$ 145,535	$ 36,001	$ (11,577)
New common shares issued for exercise of stock options	1		159
Treasury stock, purchased at cost (602,349, 533,352, and 839,337 shares in 2019, 2018, and 2017, respectively)		(3,404)
Stock option expense			13
Net income				3,293		$ 3,293
Cash dividend declared on common stock ($0.095, $0.075, and $0.060 in 2019, 2018, and 2017 respectively)				(1,113)
Reclassification of certain income tax effects from accumulated other comprehensive income				2,131	(2,131)
Cumulative effect adjustment for change in accounting principal				0
Other comprehensive income (loss)					758	758
Balance at end of period at Dec. 31, 2017	266	(78,233)	145,707	40,312	(12,950)	95,102
New common shares issued for exercise of stock options	0		61
Treasury stock, purchased at cost (602,349, 533,352, and 839,337 shares in 2019, 2018, and 2017, respectively)		(2,346)
Stock option expense			14
Net income				7,768		7,768
Cash dividend declared on common stock ($0.095, $0.075, and $0.060 in 2019, 2018, and 2017 respectively)				(1,347)
Reclassification of certain income tax effects from accumulated other comprehensive income				0	0
Cumulative effect adjustment for change in accounting principal				0
Other comprehensive income (loss)					(1,275)	(1,275)
Balance at end of period at Dec. 31, 2018	266	(80,579)	145,782	46,733	(14,225)	97,977
New common shares issued for exercise of stock options	1		99
Treasury stock, purchased at cost (602,349, 533,352, and 839,337 shares in 2019, 2018, and 2017, respectively)		(2,550)
Stock option expense			7
Net income				6,028		6,028
Cash dividend declared on common stock ($0.095, $0.075, and $0.060 in 2019, 2018, and 2017 respectively)				(1,642)
Reclassification of certain income tax effects from accumulated other comprehensive income				0	0
Cumulative effect adjustment for change in accounting principal				640
Other comprehensive income (loss)					(1,946)	(1,946)
Balance at end of period at Dec. 31, 2019	$ 267	$ (83,129)	$ 145,888	$ 51,759	$ (16,171)	$ 98,614

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY
Treasury stock, purchased at cost, shares	602,349	533,352	839,337
New common shares issued for exercise of stock options, shares	40,917	24,408	64,112
Cash dividend declared per common share	$ 0.095	$ 0.075	$ 0.060

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
OPERATING ACTIVITIES
Net income	$ 6,028	$ 7,768	$ 3,293
Adjustments to reconcile net income to net cash provided by operating activities:
Provision (credit) for loan losses	800	(600)	800
Depreciation and amortization expense	1,873	1,530	1,665
Net amortization of investment securities	279	347	436
Net realized (gains) losses on investment securities - available for sale	(118)	439	(115)
Impairment charge on other investments	500	0	0
Net gains on loans held for sale	(865)	(489)	(679)
Amortization of deferred loan fees	(142)	(149)	(162)
Origination of mortgage loans held for sale	(49,460)	(28,916)	(45,637)
Sales of mortgage loans held for sale	46,304	31,683	46,285
Decrease (increase) in accrued interest receivable	40	114	(487)
Increase in accrued interest payable	546	302	114
Earnings on bank-owned life insurance	(521)	(536)	(571)
Deferred income taxes	179	2,665	4,303
Stock compensation expense	7	14	13
Net change in operating leases	(67)	0	0
Other, net	(493)	(6,188)	(1,737)
Net cash provided by operating activities	4,890	7,984	7,521
INVESTING ACTIVITIES
Purchase of investment securities - available for sale	(18,084)	(45,427)	(32,889)
Purchase of investment securities - held to maturity	(2,257)	(5,746)	(10,572)
Proceeds from maturities of investment securities - available for sale	23,559	16,299	22,311
Proceeds from maturities of investment securities - held to maturity	3,007	3,651	2,383
Proceeds from sales of investment securities - available for sale	3,374	9,466	8,143
Purchase of regulatory stock	(13,557)	(18,681)	(17,661)
Proceeds from redemption of regulatory stock	14,092	18,836	16,345
Long-term loans originated	(205,603)	(155,191)	(154,054)
Principal collected on long-term loans	185,054	181,582	147,752
Purchase of premises and equipment	(2,821)	(2,144)	(2,705)
Proceeds from sale of other real estate owned	214	46	108
Proceeds from life insurance policies	0	0	614
Net cash provided by (used in) investing activities	(13,022)	2,691	(20,225)
FINANCING ACTIVITIES
Net (decrease) increase in deposit balances	11,342	1,226	(19,841)
Net increase (decrease) in other short-term borrowings	(18,617)	(8,055)	36,330
Principal borrowings on advances from Federal Home Loan Bank	22,527	12,492	12,687
Principal repayments on advances from Federal Home Loan Bank	(15,580)	(12,000)	(12,000)
Principal payments on financing lease liabilities	(173)	0	0
Stock options exercised	99	61	160
Purchase of treasury stock	(2,550)	(2,346)	(3,404)
Common stock dividends	(1,642)	(1,347)	(1,113)
Net cash provided by (used in) financing activities	(4,594)	(9,969)	12,819
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(12,726)	706	115
CASH AND CASH EQUIVALENTS AT JANUARY 1	34,894	34,188	34,073
CASH AND CASH EQUIVALENTS AT DECEMBER 31	$ 22,168	$ 34,894	$ 34,188

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2019
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES BUSINESS AND NATURE OF OPERATIONS: AmeriServ Financial, Inc. (the Company) is a bank holding company, headquartered in Johnstown, Pennsylvania. Through its banking subsidiary the Company operates 16 banking locations in five southwestern Pennsylvania counties and Hagerstown, Maryland. These branches provide a full range of consumer, mortgage, and commercial financial products. The AmeriServ Trust and Financial Services Company (Trust Company) offers a complete range of trust and financial services and administers assets valued at approximately $2.2 billion that are not recognized on the Company’s Consolidated Balance Sheets at December 31, 2019. PRINCIPLES OF CONSOLIDATION: The consolidated financial statements include the accounts of AmeriServ Financial, Inc. and its wholly-owned subsidiaries, AmeriServ Financial Bank (the Bank), Trust Company, and AmeriServ Life Insurance Company (AmeriServ Life). The Bank is a state-chartered full service bank with 15 locations in Pennsylvania and 1 location in Maryland. AmeriServ Life is a captive insurance company that engages in underwriting as a reinsurer of credit life and disability insurance. Intercompany accounts and transactions have been eliminated in preparing the Consolidated Financial Statements. The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (generally accepted accounting principles, or GAAP) requires management to make estimates and assumptions that affect the amounts reported in the Consolidated Financial Statements and accompanying notes. Actual results may differ from these estimates and the differences may be material to the Consolidated Financial Statements. The Company’s most significant estimates relate to the allowance for loan losses, goodwill, income taxes, investment securities, pension, and the fair value of financial instruments. INVESTMENT SECURITIES: Securities are classified at the time of purchase as investment securities held to maturity if it is management’s intent and the Company has the ability to hold the securities until maturity. These held to maturity securities are carried on the Company’s books at cost, adjusted for amortization of premium and accretion of discount which is computed using the level yield method which approximates the effective interest method. Alternatively, securities are classified as available for sale if it is management’s intent at the time of purchase to hold the securities for an indefinite period of time and/or to use the securities as part of the Company’s asset/liability management strategy. Securities classified as available for sale include securities which may be sold to effectively manage interest rate risk exposure, prepayment risk, and other factors (such as liquidity requirements). These available for sale securities are reported at fair value with unrealized aggregate appreciation/depreciation excluded from income and credited/charged to accumulated other comprehensive income/loss within stockholders’ equity on a net of tax basis. Any securities classified as trading assets are reported at fair value with unrealized aggregate appreciation/depreciation included in income on a net of tax basis. The Company does not engage in trading activity. Realized gains or losses on securities sold are computed upon the adjusted cost of the specific securities sold. Available-for-sale and held-to-maturity securities are reviewed quarterly for possible other-than-temporary impairment. The review includes an analysis of the facts and circumstances of each individual investment such as the severity of loss, the length of time the fair value has been below cost, the expectation for that security’s performance, the creditworthiness of the issuer and the Company’s intent and ability to hold the security to recovery. The Company believes the unrealized losses are primarily a result of increases in market yields from the time of purchase. In general, as market yields rise, the value of securities will decrease; as market yields fall, the fair value of securities will increase. Management generally views changes in fair value caused by changes in interest rates as temporary; therefore, these securities have not been classified as other-than-temporarily impaired. Management has also concluded that based on current information we expect to continue to receive scheduled interest payments as well as the entire principal balance. Furthermore, management does not intend to sell these securities and does not believe it will be required to sell these securities before they recover in value. FEDERAL HOME LOAN BANK STOCK: The Bank is a member of the Federal Home Loan Bank of Pittsburgh (FHLB) and as such, is required to maintain a minimum investment in stock of the FHLB that varies with the level of advances outstanding with the FHLB. The stock is bought from and sold to the FHLB based upon its $100 par value. The stock does not have a readily determinable fair value and as such is classified as restricted stock, carried at cost and evaluated for impairment by management. The stock’s value is determined by the ultimate recoverability of the par value rather than by recognizing temporary declines. The determination of whether the par value will ultimately be recovered is influenced by criteria such as the following: (1) the significance of the decline in net assets of the FHLB as compared to the capital stock amount and the length of time any such situation has persisted; (2) commitments by the FHLB to make payments required by law or regulation and the level of such payments in relation to the operating performance; (3) the impact of legislative and regulatory changes on the customer base of FHLB; and (4) the liquidity position of the FHLB. Management evaluated the stock and concluded that the stock was not impaired for the periods presented herein. LOANS: Interest income is recognized using the level yield method related to principal amounts outstanding. The Company discontinues the accrual of interest income when loans become 90 days past due in either principal or interest. In addition, if circumstances warrant, the accrual of interest may be discontinued prior to 90 days. Payments received on non-accrual loans are credited to principal until full recovery of principal has been recognized; or the loan has been returned to accrual status. The only exception to this policy is for residential mortgage loans wherein interest income is recognized on a cash basis as payments are received. A non-accrual commercial loan is placed on accrual status after becoming current and remaining current for twelve consecutive payments. Residential mortgage loans are placed on accrual status upon becoming current. LOAN FEES: Loan origination and commitment fees, net of associated direct costs, are deferred and amortized into interest and fees on loans over the loan or commitment period. Fee amortization is determined by the effective interest method. LOANS HELD FOR SALE: Certain newly originated residential mortgage loans are classified as held for sale, because it is management’s intent to sell these residential mortgage loans. The residential mortgage loans held for sale are carried at the lower of aggregate cost or fair value. TRANSFERS OF FINANCIAL ASSETS: Transfers of financial assets are accounted for as sales when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when (1) the assets have been isolated from the Company; (2) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets; and (3) the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity. PREMISES AND EQUIPMENT: Premises and equipment are stated at cost less accumulated depreciation and amortization. Land is carried at cost. Depreciation is charged to operations over the estimated useful lives of the premises and equipment using the straight-line method with a half-year convention. Useful lives of up to 30 years for buildings and up to 10 years for equipment are utilized. Leasehold improvements are amortized using the straight-line method over the terms of the respective leases or useful lives of the improvements, whichever is shorter. Maintenance, repairs, and minor alterations are charged to current operations as expenditures are incurred. LEASES: The Company has operating and financing leases for several branch locations and office space. Generally, the underlying lease agreements do not contain any material residual value guarantees or material restrictive covenants. Many of our leases include both lease (e.g., minimum rent payments) and non-lease components, such as common area maintenance charges, utilities, real estate taxes, and insurance. The Company has elected to account for the variable non-lease components separately from the lease component. Such variable non-lease components are reported in net occupancy expense on the Consolidated Statements of Operations when incurred. These variable non-lease components were excluded from the calculation of the present value of the remaining lease payments, therefore, they are not included in the right-of-use assets and lease liabilities reported on the Consolidated Balance Sheets. Certain of the Company’s leases contain options to renew the lease after the initial term. Management considers the Company’s historical pattern of exercising renewal options on leases and the performance of the leased locations, when determining whether it is reasonably certain that the leases will be renewed. If management concludes that there is reasonable certainty about the renewal option, it is included in the calculation of the remaining term of each applicable lease. The discount rate utilized in calculating the present value of the remaining lease payments for each lease was the Federal Home Loan Bank of Pittsburgh advance rate corresponding to the remaining maturity of the lease. Under Topic 842, the lessee can elect to not record on the Consolidated Balance Sheets a lease whose term is twelve months or less and does not include a purchase option that the lessee is reasonably certain to exercise. As of December 31, 2019, the Company had one short-term equipment lease which it has elected to not record on the Consolidated Balance Sheets. ALLOWANCE FOR LOAN LOSSES AND CHARGE-OFF PROCEDURES: As a financial institution, which assumes lending and credit risks as a principal element of its business, the Company anticipates that credit losses will be experienced in the normal course of business. Accordingly, the Company consistently applies a comprehensive methodology and procedural discipline to perform an analysis which is updated on a quarterly basis at the Bank level to determine both the adequacy of the allowance for loan losses and the necessary provision for loan losses to be charged against earnings. This methodology includes: — Review of all criticized, classified and impaired commercial and commercial real estate loans to determine if any specific reserve allocations are required on an individual loan basis. In addition, consumer and residential mortgage loans with a balance of $150,000 or more are evaluated for impairment and specific reserve allocations are established, if applicable. All required specific reserve allocations are based on careful analysis of the loan’s performance, the related collateral value, cash flow considerations and the financial capability of any guarantor. For impaired loans the measurement of impairment may be based upon (1) the present value of expected future cash flows discounted at the loan’s effective interest rate; (2) the observable market price of the impaired loan; or (3) the fair value of the collateral of a collateral dependent loan. — The application of formula driven reserve allocations for all commercial and commercial real estate loans by using a three-year migration analysis of net losses incurred within each risk grade for the entire commercial loan portfolio. The difference between estimated and actual losses is reconciled through the nature of the migration analysis. — The application of formula driven reserve allocations to consumer and residential mortgage loans which are based upon historical net charge-off experience for those loan types. The residential mortgage loan and consumer loan allocations are based upon the Company’s three-year historical average of actual loan net charge-offs experienced in each of those categories. — The application of formula driven reserve allocations to all outstanding loans is based upon review of historical losses and qualitative factors, which include but are not limited to, economic trends, delinquencies, levels of non-accrual and TDR loans, concentrations of credit, trends in loan volume, experience and depth of management, examination and audit results, effects of any changes in lending policies and trends in policy, financial information and documentation exceptions. — Management recognizes that there may be events or economic factors that have occurred affecting specific borrowers or segments of borrowers that may not yet be fully reflected in the information that the Company uses for arriving at reserves for a specific loan or portfolio segment. Therefore, the Company believes that there is estimation risk associated with the use of specific and formula driven allowances. After completion of this process, a formal meeting of the Loan Loss Reserve Committee is held to evaluate the adequacy of the reserve. When it is determined that the prospects for recovery of the principal of a loan have significantly diminished, the loan is charged against the allowance account; subsequent recoveries, if any, are credited to the allowance account. In addition, non-accrual and large delinquent loans are reviewed monthly to determine potential losses. The Company’s policy is to individually review, as circumstances warrant, its commercial and commercial mortgage loans to determine if a loan is impaired. At a minimum, credit reviews are mandatory for all commercial and commercial mortgage loan relationships with aggregate balances in excess of $1,000,000 within a 12‑month period. The Company defines classified loans as those loans rated substandard or doubtful. The Company has also identified three pools of small dollar value homogeneous loans which are evaluated collectively for impairment. These separate pools are for small business relationships with aggregate balances of $250,000 or less, residential mortgage loans and consumer loans. Individual loans within these pools are reviewed and evaluated for specific impairment if factors such as significant delinquency in payments of 90 days or more, bankruptcy, or other negative economic concerns indicate impairment. ALLOWANCE FOR UNFUNDED LOAN COMMITMENTS AND LETTERS OF CREDIT: The allowance for unfunded loan commitments and letters of credit is maintained at a level believed by management to be sufficient to absorb estimated losses related to these unfunded credit facilities. The determination of the adequacy of the allowance is based on periodic evaluations of the unfunded credit facilities including an assessment of the probability of commitment usage, credit risk factors for loans outstanding to these same customers and the terms and expiration dates of the unfunded credit facilities. Net adjustments to the allowance for unfunded loan commitments and letters of credit are provided for in the unfunded commitment reserve expense line item within Other expense in the Consolidated Statements of Operations and a separate reserve is recorded within the Other liabilities line item of the Consolidated Balance Sheets. BANK-OWNED LIFE INSURANCE: The Company has purchased life insurance policies on certain employees. These policies are recorded on the Consolidated Balance Sheets at their cash surrender value, or the amount that can be realized. Income from these policies and changes in the cash surrender value are recorded in Bank owned life insurance within non-interest income. INTANGIBLE ASSETS: Goodwill arising from business combinations represents the value attributable to unidentifiable intangible elements in the business acquired. The Company accounts for goodwill using a two-step process for testing the impairment of goodwill on at least an annual basis. This approach could cause more volatility in the Company’s reported net income because impairment losses, if any, could occur irregularly and in varying amounts. EARNINGS PER COMMON SHARE: Basic earnings per share include only the weighted average common shares outstanding. Diluted earnings per share include the weighted average common shares outstanding and any potentially dilutive common stock equivalent shares in the calculation. Treasury shares are treated as retired for earnings per share purposes. Options to purchase 12,000, 5,000, and 10,000 shares of common stock were outstanding during 2019, 2018 and 2017, respectively, but were not included in the computation of diluted earnings per common share because to do so would be anti-dilutive. Exercise prices of anti-dilutive options to purchase common stock outstanding were $4.19-$4.22, $4.22, and $4.00 during 2019, 2018 and 2017, respectively. YEAR ENDED DECEMBER 31, 2019 2018 2017 (IN THOUSANDS, EXCEPT PER SHARE DATA) Numerator: Net income $ 6,028 $ 7,768 $ 3,293 Denominator: Weighted average common shares outstanding (basic) 17,359 17,933 18,498 Effect of stock options 81 104 102 Weighted average common shares outstanding (diluted) 17,440 18,037 18,600 Earnings per common share: Basic $ 0.35 $ 0.43 $ 0.18 Diluted 0.35 0.43 0.18 STOCK-BASED COMPENSATION: The Company uses the modified prospective method for accounting of stock-based compensation. The fair value of each option grant is estimated on the grant date using the Binomial option pricing model and the expense is recognized ratably over the service period. Forfeitures are recognized as they occur. See Note 20 for details on the assumptions used. ACCUMULATED OTHER COMPREHENSIVE LOSS: The Company presents the components of other comprehensive income (loss) in the Consolidated Statements of Comprehensive Income (Loss). These components are comprised of the change in the defined benefit pension obligation and the unrealized holding gains (losses) on available for sale securities, net of any reclassification adjustments for realized gains and losses. CONSOLIDATED STATEMENT OF CASH FLOWS: On a consolidated basis, cash and cash equivalents include cash and due from depository institutions, interest bearing deposits, and short-term investments in money market funds. The Company made $785,000 in income tax payments in 2019; $875,000 in 2018; and $1,075,000 in 2017. The Company had non-cash transfers to other real estate owned (OREO) in the amounts of $75,000 in 2019; $166,000 in 2018; and $77,000 in 2017. As a result of the adoption of ASU 2016-02, Leases (Topic 842) as of January 1, 2019, the Company had non-cash transactions associated with the recognition of the right-of-use assets and lease liabilities. Specifically, the Company recognized a right-of-use asset and lease liability of $932,000 related to operating leases and a right-of-use asset and lease liability of $3.3 million related to financing leases. In addition, as a result of the adoption of ASU 2014-09, Revenue from Contracts with Customers (Topic 606), the Company had a non-cash transaction in the amount of $640,000 associated with the recognition of a receivable for wealth management fees as of December 31, 2019. The Company also had a non-cash transfer of the AMT credit carryforward to other assets in the amount of $287,000 in 2018. The Company made total interest payments of $13,779,000 in 2019; $11,298,000 in 2018; and $8,681,000 in 2017. INCOME TAXES: Deferred tax assets or liabilities are computed based on the difference between the financial statement and income tax basis of assets and liabilities using the enacted marginal tax rate. Deferred income tax expenses or credits are based on the changes in the corresponding asset or liability from period to period. Deferred tax assets are reduced, if necessary, by the amounts of such benefits that are not expected to be realized based upon available evidence. INTEREST RATE CONTRACTS: The Company recognizes all derivatives as either assets or liabilities on the Consolidated Balance Sheets and measures those instruments at fair value. For derivatives designated as fair value hedges, changes in the fair value of the derivative and hedged item related to the hedged risk are recognized in earnings. Changes in fair value of derivatives designated and accounted as cash flow hedges, to the extent they are effective as hedges, are recorded in “Other Comprehensive Income,” net of deferred taxes and are subsequently reclassified to earnings when the hedged transaction affects earnings. Any hedge ineffectiveness would be recognized in the income statement line item pertaining to the hedged item. The Company periodically enters into derivative instruments to meet the financing, interest rate and equity risk management needs of its customers. Upon entering into these instruments to meet customer needs, the Company enters into offsetting positions to minimize interest rate and equity risk to the Company. These derivative financial instruments are reported at fair value with any resulting gain or loss recorded in current period earnings. These instruments and their offsetting positions are recorded in Other assets and Other liabilities on the Consolidated Balance Sheets. PENSION: Pension costs and liabilities are dependent on assumptions used in calculating such amounts. These assumptions include discount rates, benefits earned, interest costs, expected return on plan assets, mortality rates, and other factors. In accordance with GAAP, actual results that differ from the assumptions are accumulated and amortized over future periods and, therefore, generally affect recognized expense and the recorded obligation of future periods. While management believes that the assumptions used are appropriate, differences in actual experience or changes in assumptions may affect the Company’s pension obligations and future expense. The service cost component of net periodic benefit cost is determined by aggregating the product of the discounted cash flows of the plan’s service cost for each year and an individual spot rate (referred to as the “spot rate” approach). The interest cost component is determined by aggregating the product of the discounted cash flows of the plan’s projected benefit obligations for each year and an individual spot rate. Management believes this methodology an appropriate measure of the service cost and interest cost as each year’s cash flows are specifically linked to the interest rates of bond payments in the same respective year. Our pension benefits are described further in Note 18 of the Notes to Consolidated Financial Statements. FAIR VALUE OF FINANCIAL INSTRUMENTS: We group our assets at fair value in three levels, based on the markets in which the assets are traded and the reliability of the assumptions used to determine fair value. These levels are: Level I — Valuation is based upon quoted prices for identical instruments traded in active markets. Level II — Valuation is based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques for which all significant assumptions are observable in the market. Level III — Valuation is generated from model-based techniques that use significant assumptions not observable in the market. These unobservable assumptions reflect the Company’s own estimates of assumptions that market participants would use in pricing the asset. We base our fair values on 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. It is our policy to maximize the use of observable inputs and minimize the use of unobservable inputs when developing fair value measurements, in accordance with the fair value hierarchy in generally accepted accounting principles.

RECENT ACCOUNTING PRONOUNCEMENT

RECENT ACCOUNTING PRONOUNCEMENTS	12 Months Ended
	Dec. 31, 2019
RECENT ACCOUNTING PRONOUNCEMENTS
RECENT ACCOUNTING PRONOUNCEMENTS	2. RECENT ACCOUNTING PRONOUNCEMENTS In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses: Measurement of Credit Losses on Financial Instruments (“ASU 2016-13”), which changes the impairment model for most financial assets. This Update is intended to improve financial reporting by requiring timelier recording of credit losses on loans and other financial instruments held by financial institutions and other organizations. The underlying premise of the Update is that financial assets measured at amortized cost should be presented at the net amount expected to be collected, through an allowance for credit losses that is deducted from the amortized cost basis. The allowance for credit losses should reflect management’s current estimate of credit losses that are expected to occur over the remaining life of a financial asset. The income statement will be affected for the measurement of credit losses for newly recognized financial assets, as well as the expected increases or decreases of expected credit losses that have taken place during the period. ASU 2016-13 is effective for annual and interim periods beginning after December 15, 2019, and early adoption is permitted for annual and interim periods beginning after December 15, 2018. With certain exceptions, transition to the new requirements will be through a cumulative effect adjustment to opening retained earnings as of the beginning of the first reporting period in which the guidance is adopted. In November 2019, the FASB issued ASU 2019-10, Financial Instruments – Credit Losses (Topic 326), Derivatives and Hedging (Topic 815), and Leases (Topic 842). This update defers the effective date of ASU 2016-13 for SEC filers that are eligible to be smaller reporting companies, non-SEC filers, and all other companies to fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. The Company, as a smaller reporting company, continues to evaluate the impact that the Update will have on our consolidated financial statements. We are currently working with an industry leading third-party consultant and software provider to assist us in the implementation of this standard. We expect to recognize a one-time cumulative effect adjustment to the allowance for loan losses as of the beginning of the first reporting period in which the new standard is effective, but cannot yet determine the magnitude of any such one-time adjustment or the overall impact of the new guidance on the consolidated financial statements. The overall impact of the amendment will be affected by the portfolio composition and quality at the adoption date as well as economic conditions and forecasts at that time.

ADOPTION OF ACCOUNTING STANDARD

ADOPTION OF ACCOUNTING STANDARDS	12 Months Ended
	Dec. 31, 2019
ADOPTION OF ACCOUNTING STANDARDS
ADOPTION OF ACCOUNTING STANDARDS	3. ADOPTION OF ACCOUNTING STANDARDS Effective January 1, 2018, the Company adopted ASU 2014-09, Revenue from Contracts with Customers – Topic 606 and all subsequent ASUs that modified ASC 606. The standard required a company to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers at the time the transfer of goods or services takes place. At the time of adoption, the Company completed an assessment of revenue streams and review of the related contracts potentially affected by the new standard and concluded that ASU 2014-09 did not materially change the method in which it recognizes revenue. However, in 2019, the change was determined to be material related to certain revenue recognized within our wealth management segment. As a result, the Company made a one-time cumulative effect adjustment to retained earnings of $640,000, net of tax. Additional disclosures related to revenue recognition can be found in Note 4. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842). The standard requires lessees to recognize the assets and liabilities that arise from leases on the balance sheet. A lessee should recognize in the statement of financial position a liability to make lease payments (the lease liability) and a right-of-use asset representing its right to use the underlying asset for the lease term. A short-term lease is defined as one in which (a) the lease term is 12 months or less and (b) there is not an option to purchase the underlying asset that the lessee is reasonably certain to exercise. For short-term leases, lessees may elect to recognize lease payments over the lease term on a straight-line basis. Additionally, in July 2018, the FASB issued ASU 2018-11, Leases (Topic 842) – Targeted Improvements, which, among other things, provides an additional transition method that would allow entities to not apply the guidance in ASU 2016-02 in the comparative periods presented in the financial statements and instead recognize a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption. The Company adopted ASU 2016-02 and its related amendments as of January 1, 2019, which resulted in the recognition of operating and financing right-of-use assets totaling $932,000 and $3.3 million, respectively, as well as operating and financing lease liabilities totaling $932,000 and $3.3 million, respectively. The Company elected to adopt the transition relief provisions from ASU 2018-11 and recorded the impact of adoption as of January 1, 2019, without restating any prior-year amounts or disclosures. The related policy elections made by the Company and the additional lease disclosures can be found in Notes 1 and 11. There was no cumulative effect adjustment to the opening balance of retained earnings required.

REVENUE RECOGNITION

REVENUE RECOGNITION	12 Months Ended
	Dec. 31, 2019
REVENUE RECOGNITION
REVENUE RECOGNITION	4. REVENUE RECOGNITION ASU 2014-09, Revenue from Contracts with Customers – Topic 606, requires the Company to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers at the time the transfer of goods or services takes place. Management determined that the primary sources of revenue associated with financial instruments, including interest and fee income on loans and interest on investments, along with certain noninterest revenue sources including net realized gains (losses) on investment securities, mortgage related fees, net gains on loans held for sale, and bank owned life insurance are not within the scope of Topic 606. These sources of revenue cumulatively comprise 80.2% of the total revenue of the Company. Noninterest income within the scope of Topic 606 are as follows: § Wealth management fees – Wealth management fee income is primarily comprised of fees earned from the management and administration of trusts and customer investment portfolios. The Company’s performance obligation is generally satisfied over a period of time and the resulting fees are billed monthly or quarterly, based upon the month end market value of the assets under management. Payment is generally received after month end through a direct charge to customers’ accounts. Due to this delay in payment, a receivable of $825,000 has been established as of December 31, 2019 and is included in Other assets on the Consolidated Balance Sheets in order to properly recognize the revenue earned but not yet received. Other performance obligations (such as delivery of account statements to customers) are generally considered immaterial to the overall transactions price. Commissions on transactions are recognized on a trade-date basis as the performance obligation is satisfied at the point in time in which the trade is processed. Also included within wealth management fees are commissions from the sale of mutual funds, annuities, and life insurance products. Commissions on the sale of mutual funds, annuities, and life insurance products are recognized when sold, which is when the Company has satisfied its performance obligation. § Service charges on deposit accounts — The Company has contracts with its deposit account customers where fees are charged for certain items or services. Service charges include account analysis fees, monthly service fees, overdraft fees, and other deposit account related fees. Revenue related to account analysis fees and service fees is recognized on a monthly basis as the Company has an unconditional right to the fee consideration. Fees attributable to specific performance obligations of the Company (i.e. overdraft fees, etc.) are recognized at a defined point in time based on completion of the requested service or transaction. § Other non-interest income — Other non-interest income consists of other recurring revenue streams such as safe deposit box rental fees, gain (loss) on sale of other real estate owned and other miscellaneous revenue streams. Safe deposit box rental fees are charged to the customer on an annual basis and recognized when billed. However, if the safe deposit box rental fee is prepaid (i.e. paid prior to issuance of annual bill), the revenue is recognized upon receipt of payment. The Company has determined that since rentals and renewals occur consistently over time, revenue is recognized on a basis consistent with the duration of the performance obligation. Gains and losses on the sale of other real estate owned are recognized at the completion of the property sale when the buyer obtains control of the real estate and all the performance obligations of the Company have been satisfied. The following presents non-interest income, segregated by revenue streams in-scope and out-of-scope of Topic 606, for the years ended December 31, 2019, 2018, and 2017 (in thousands). AT DECEMBER 31, 2019 2018 2017 Non-interest income: In-scope of Topic 606 Wealth management fees $ 9,730 $ 9,659 $ 9,170 Service charges on deposit accounts 1,271 1,420 1,581 Other 1,759 1,720 1,665 Non-interest income (in-scope of topic 606) 12,760 12,799 12,416 Non-interest income (out-of-scope of topic 606) 2,013 1,425 2,229 Total non-interest income $ 14,773 $ 14,224 $ 14,645

CASH AND DUE FROM DEPOSITORY IN

CASH AND DUE FROM DEPOSITORY INSTITUTIONS	12 Months Ended
	Dec. 31, 2019
CASH AND DUE FROM DEPOSITORY INSTITUTIONS
CASH AND DUE FROM DEPOSITORY INSTITUTIONS	5. CASH AND DUE FROM DEPOSITORY INSTITUTIONS Included in “Cash and due from depository institutions” are required federal reserves of $3.0 million and $3.6 million for December 31, 2019 and 2018, respectively, for facilitating the implementation of monetary policy by the Federal Reserve System. The required reserves are computed by applying prescribed ratios to the classes of average deposit balances. These are held in the form of vault cash and a depository amount held with the Federal Reserve Bank.

INVESTMENT SECURITIES

INVESTMENT SECURITIES	12 Months Ended
	Dec. 31, 2019
INVESTMENT SECURITIES
INVESTMENT SECURITIES	6. INVESTMENT SECURITIES The cost basis and fair values of investment securities are summarized as follows: Investment securities available for sale: AT DECEMBER 31, 2019 GROSS GROSS UNREALIZED UNREALIZED FAIR COST BASIS GAINS LOSSES VALUE (IN THOUSANDS) U.S. Agency $ 5,084 $ 32 $ — $ 5,116 Municipal 14,678 509 (17) 15,170 Corporate bonds 39,769 342 (281) 39,830 U.S. Agency mortgage-backed securities 80,046 1,681 (94) 81,633 Total $ 139,577 $ 2,564 $ (392) $ 141,749 Investment securities held to maturity: AT DECEMBER 31, 2019 GROSS GROSS UNREALIZED UNREALIZED FAIR COST BASIS GAINS LOSSES VALUE (IN THOUSANDS) U.S. Agency mortgage-backed securities $ 9,466 $ 251 $ (4) $ 9,713 Municipal 24,438 941 (53) 25,326 Corporate bonds and other securities 6,032 58 (47) 6,043 Total $ 39,936 $ 1,250 $ (104) $ 41,082 Investment securities available for sale: AT DECEMBER 31, 2018 GROSS GROSS UNREALIZED UNREALIZED FAIR COST BASIS GAINS LOSSES VALUE (IN THOUSANDS) U.S. Agency $ 7,685 $ 4 $ (160) $ 7,529 Municipal 13,301 114 (234) 13,181 Corporate bonds 37,359 131 (996) 36,494 U.S. Agency mortgage-backed securities 90,169 516 (1,158) 89,527 Total $ 148,514 $ 765 $ (2,548) $ 146,731 Investment securities held to maturity: AT DECEMBER 31, 2018 GROSS GROSS UNREALIZED UNREALIZED FAIR COST BASIS GAINS LOSSES VALUE (IN THOUSANDS) U.S. Agency mortgage-backed securities $ 9,983 $ 78 $ (132) $ 9,929 Municipal 24,740 131 (404) 24,467 Corporate bonds and other securities 6,037 13 (122) 5,928 Total $ 40,760 $ 222 $ (658) $ 40,324 Maintaining investment quality is a primary objective of the Company’s investment policy which, subject to certain limited exceptions, prohibits the purchase of any investment security below a Moody’s Investors Service or Standard & Poor’s rating of A. At December 31, 2019, 53.4% of the portfolio was rated AAA as compared to 57.5% at December 31, 2018. Approximately 9.1% and 10.0% of the portfolio was rated below A or unrated on December 31, 2019 and 2018, respectively. The Company and its subsidiaries, collectively, did not hold securities of any single issuer, excluding U.S. treasury and U.S. agencies, that exceeded 10% of shareholders’ equity at December 31, 2019. The book value of securities, both available for sale and held to maturity, pledged to secure public and trust deposits was $117,076,000 at December 31, 2019 and $115,536,000 at December 31, 2018. The Company realized $118,000 of gross investment security gains in 2019, $15,000 of gross investment security gains and $454,000 of gross investment security losses in 2018, and $115,000 of gross investment security gains in 2017. On a net basis, the realized gain for 2019 was $93,000 after factoring in tax expense of $25,000, the realized loss for 2018 was $347,000 after factoring in a tax benefit of $92,000, and the realized gain for 2017 was $76,000 after factoring in tax expense of $39,000. Proceeds from sales of investment securities available for sale were $3.4 million for 2019, $9.5 million for 2018, and $8.1 million during 2017. The following table sets forth the contractual maturity distribution of the investment securities, cost basis and fair market values, and the weighted average yield for each type and range of maturity as of December 31, 2019. Yields are not presented on a tax-equivalent basis, but are based upon the cost basis and are weighted for the scheduled maturity. The Company’s consolidated investment securities portfolio had an effective duration of approximately 3.07 years. The weighted average expected maturity for available for sale securities at December 31, 2019 for U.S. agency, U.S. agency mortgage-backed, corporate bond, and municipal securities was 10.19, 4.36, 4.05, and 5.19 years, respectively. The weighted average expected maturity for held to maturity securities at December 31, 2019 for U.S. agency mortgage-backed, corporate bond/other securities, and municipal securities 4.62, 3.21, and 5.92 years, respectively. Investment securities available for sale: AT DECEMBER 31, 2019 TOTAL U.S. AGENCY INVESTMENT MORTGAGE- SECURITIES CORPORATE BACKED AVAILABLE FOR U. S. AGENCY MUNICIPAL BONDS SECURITIES SALE (IN THOUSANDS, EXCEPT YIELDS) COST BASIS Within 1 year $ — — % $ 500 2.25 % $ 1,500 3.10 % $ — — % $ 2.89 % After 1 year but within 5 years — — 3,121 3.09 18,695 2.46 3.33 After 5 years but within 10 years 2,557 2.93 11,057 3.26 19,574 2.99 3.59 After 10 years but within15 years — — — — — — 23,018 2.83 2.83 Over 15 years 2,527 2.68 — — — — 47,946 2.90 2.89 Total $ 5,084 2.81 $ 14,678 3.19 $ 39,769 $ 2.88 $ 139,577 3.16 FAIR VALUE Within 1 year $ — $ 500 $ $ — $ After 1 year but within 5 years — 3,179 After 5 years but within 10 years 2,570 11,491 After 10 years but within15 years — — — 23,538 Over 15 years 2,546 — — 48,807 Total $ 5,116 $ 15,170 $ $ $ 141,749 Investment securities held to maturity: AT DECEMBER 31, 2019 U.S. AGENCY MORTGAGE- TOTAL INVESTMENT BACKED CORPORATE SECURITIES SECURITIES MUNICIPAL BONDS AND OTHER HELD TO MATURITY (IN THOUSANDS, EXCEPT YIELDS) COST BASIS Within 1 year $ — — % $ — — % $ — — % $ — — % After 1 year but within 5 years 2.50 3.33 2.95 2.96 After 5 years but within 10 years — — 3.37 4.40 3.53 After 10 years but within15 years 3.62 4.10 — — 3.95 Over 15 years 3.30 3.50 — — 3.31 Total $ 3.21 $ 3.52 $ 3.68 $ 39,936 3.47 FAIR VALUE Within 1 year $ — $ — $ — $ — After 1 year but within 5 years 2,644 After 5 years but within 10 years — After 10 years but within15 years — Over 15 years 5,351 — Total $ $ $ $ 41,082 The following table presents information concerning investments with unrealized losses as of December 31, 2019 (in thousands): Total investment securities: LESS THAN 12 MONTHS 12 MONTHS OR LONGER TOTAL FAIR UNREALIZED FAIR UNREALIZED FAIR UNREALIZED VALUE LOSSES VALUE LOSSES VALUE LOSSES U.S. Agency $ — $ — $ — $ — $ — $ — U.S. Agency mortgage-backed securities (23) (75) (98) Municipal (18) (52) (70) Corporate bonds and other securities (85) (243) (328) Total $ $ (126) $ 21,468 $ (370) $ $ (496) The following table presents information concerning investments with unrealized losses as of December 31, 2018 (in thousands): Total investment securities: LESS THAN 12 MONTHS 12 MONTHS OR LONGER TOTAL FAIR UNREALIZED FAIR UNREALIZED FAIR UNREALIZED VALUE LOSSES VALUE LOSSES VALUE LOSSES U.S. Agency $ 244 $ (6) $ 5,631 $ (154) $ 5,875 $ (160) U.S. Agency mortgage-backed securities 17,718 (177) 39,983 (1,113) 57,701 (1,290) Municipal 6,601 (71) 15,880 (567) 22,481 (638) Corporate bonds and other securities 15,221 (440) 17,038 (678) 32,259 (1,118) Total $ 39,784 $ (694) $ 78,532 $ (2,512) $ 118,316 $ (3,206) The unrealized losses are primarily a result of increases in market yields from the time of purchase. In general, as market yields rise, the value of securities will decrease; as market yields fall, the fair value of securities will increase. There are 54 positions that are considered temporarily impaired at December 31, 2019. Management generally views changes in fair value caused by changes in interest rates as temporary; therefore, these securities have not been classified as other-than-temporarily impaired. Management has also concluded that based on current information we expect to continue to receive scheduled interest payments as well as the entire principal balance. Furthermore, management does not intend to sell these securities and does not believe it will be required to sell these securities before they recover in value or mature. As of December 31, 2019, the Company reported $366,000 of equity securities within Other assets on the Consolidated Balance Sheets. These equity securities are held within a nonqualified deferred compensation plan in which a select group of executives of the Company can participate. An eligible executive can defer a certain percentage of their current salary to be placed into the plan and held within a rabbi trust. The assets of the rabbi trust are invested in various publicly listed mutual funds. The gain or loss on the equity securities (both realized and unrealized) is reported within Other income on the Consolidated Statements of Operations. In 2019, the Company recorded a realized gain of $13,000 and an unrealized loss of $5,000 was recognized in income on these equity securities. Additionally, the Company has recognized a deferred compensation liability, which is equal to the balance of the equity securities and is reported within Other liabilities on the Consolidated Balance Sheets.

LOANS

LOANS	12 Months Ended
	Dec. 31, 2019
LOANS
LOANS	7. LOANS The loan portfolio of the Company consisted of the following: AT DECEMBER 31, 2019 2018 (IN THOUSANDS) Commercial: Commercial and industrial $ $ 158,279 Commercial loans secured by owner occupied real estate 91,655 91,905 Commercial loans secured by non-owner occupied real estate 356,543 Real estate − residential mortgage 237,964 Consumer 17,591 Loans, net of unearned income $ $ 862,282 Loan balances at December 31, 2019 and 2018 are net of unearned income of $384,000 and $322,000, respectively. Real estate construction loans comprised 4.9% and 3.5% of total loans net of unearned income at December 31, 2019 and 2018, respectively. The Company has no exposure to subprime mortgage loans in either the loan or investment portfolios. The Company has no direct loan exposure to foreign countries. Additionally, the Company has no significant industry lending concentrations. As of December 31, 2019 and 2018, loans to customers engaged in similar activities and having similar economic characteristics, as defined by standard industrial classifications, did not exceed 10% of total loans. Additionally, the majority of the Company’s lending occurs within a 250-mile radius of the Johnstown market. In the ordinary course of business, the subsidiaries have transactions, including loans, with their officers, directors, and their affiliated companies. In management’s opinion, these transactions were on substantially the same terms as those prevailing at the time for comparable transactions with unaffiliated parties and do not involve more than the normal credit risk. These loans totaled $544,000 and $694,000 at December 31, 2019 and 2018, respectively.

ALLOWANCE FOR LOAN LOSSES

ALLOWANCE FOR LOAN LOSSES	12 Months Ended
	Dec. 31, 2019
ALLOWANCE FOR LOAN LOSSES
ALLOWANCE FOR LOAN LOSSES	8. ALLOWANCE FOR LOAN LOSSES The following table summarizes the rollforward of the allowance for loan losses by portfolio segment (in thousands). BALANCE AT CHARGE- PROVISION BALANCE AT DECEMBER 31, 2018 OFFS RECOVERIES (CREDIT) DECEMBER 31, 2019 Commercial $ 3,057 $ (9) $ 22 $ 881 $ 3,951 Commercial loans secured by non-owner occupied real estate 3,389 (63) 48 (255) 3,119 Real estate − residential mortgage 1,235 (98) 118 (96) 1,159 Consumer 127 (262) 52 209 126 Allocation for general risk 863 — - 61 924 Total $ 8,671 $ (432) $ 240 $ 800 $ 9,279 BALANCE AT CHARGE- PROVISION BALANCE AT DECEMBER 31, 2017 OFFS RECOVERIES (CREDIT) DECEMBER 31, 2018 Commercial $ 4,298 $ (574) $ 31 $ (698) $ 3,057 Commercial loans secured by non-owner occupied real estate 3,666 — 51 (328) 3,389 Real estate − residential mortgage 1,102 (380) 119 394 1,235 Consumer 128 (251) 61 189 127 Allocation for general risk 1,020 — — (157) 863 Total $ 10,214 $ (1,205) $ 262 $ (600) $ 8,671 BALANCE AT CHARGE- BALANCE AT DECEMBER 31, 2016 OFFS RECOVERIES PROVISION DECEMBER 31, 2017 Commercial $ 4,041 $ (311) $ 27 $ 541 $ 4,298 Commercial loans secured by non-owner occupied real estate 3,584 (132) 56 158 3,666 Real estate − residential mortgage 1,169 (313) 207 39 1,102 Consumer 151 (172) 120 29 128 Allocation for general risk 987 — — 33 1,020 Total $ 9,932 $ (928) $ 410 $ 800 $ 10,214 For 2019, the Company recorded an $800,000 provision expense for loan losses compared to a $600,000 provision recovery for 2018, or an increase of $1.4 million between years. The 2019 provision expense reflects the growth within the loan portfolio and the increase in classified loans. The Company experienced net loan charge-offs of only $192,000, or 0.02% of total loans, in 2019 compared to net loan charge-offs of $943,000, or 0.11% of total loans, in 2018. Overall, the Company continued to maintain strong asset quality as its nonperforming assets totaled $2.3 million, or only 0.26% of total loans, at December 31, 2019. Specifically, the 2019 provision expense within the commercial segment was driven by the rating downgrade of a $6.5 million performing commercial and industrial loan to substandard as a result of the unexpected death of a borrower. This downgrade caused a $675,000 increase in the fourth quarter 2019 provision expense. This rating action was prudent due to the inherent uncertainties associated with a large estate liquidation. Recent updates related to this loan indicate that the estate is presently illiquid due to holds placed on deposit accounts and significant real estate holdings and other unique assets that will need to be unwound. As such there is heightened risk that this loan may move into non-performing status in 2020 as a result of payment delays. Additionally, the 2019 provision credit within commercial loans secured by non-owner occupied real estate was driven, primarily, by a relaxation of the economic qualitative factors applied to the Pass rated portion of this loan segment. For 2018, the Company recorded a $600,000 provision recovery compared to an $800,000 provision for loan losses in 2017, or a decrease of $1.4 million between years. The 2018 provision recovery reflects our overall strong asset quality, reduced loan portfolio balance and the successful workout of several criticized loans. The Company experienced net loan charge-offs of $943,000, or 0.11% of total loans, in 2018 compared to net loan charge-offs of $51,800, or 0.06%, of total loans, in 2017. The higher 2018 net loan charge-offs reflect the final workout of several non-performing loans on which reserves had previously been established. Nonperforming assets totaled $1.4 million, or only 0.16%, of total loans, at December 31, 2018. The following tables summarize the loan portfolio and allowance for loan loss by the primary segments of the loan portfolio. AT DECEMBER 31, 2019 (IN THOUSANDS) COMMERCIAL LOANS SECURED BY NON- REAL ESTATE − OWNER OCCUPIED RESIDENTIAL Loans: COMMERCIAL REAL ESTATE MORTGAGE CONSUMER TOTAL Individually evaluated for impairment $ 816 $ 8 $ — $ — $ 824 Collectively evaluated for impairment 264,761 363,627 235,239 18,255 881,882 Total loans $ 265,577 $ 363,635 $ 235,239 $ 18,255 $ 882,706 AT DECEMBER 31, 2019 (IN THOUSANDS) COMMERCIAL LOANS ALLOCATION SECURED BY NON- REAL ESTATE − FOR OWNER OCCUPIED RESIDENTIAL GENERAL Allowance for loan losses: COMMERCIAL REAL ESTATE MORTGAGE CONSUMER RISK TOTAL Specific reserve allocation $ 84 $ 8 $ — $ — $ — $ 92 General reserve allocation 3,867 3,111 1,159 126 924 9,187 Total allowance for loan losses $ 3,951 $ 3,119 $ 1,159 $ 126 $ 924 $ 9,279 AT DECEMBER 31, 2018 (IN THOUSANDS) COMMERCIAL LOANS SECURED BY NON- REAL ESTATE − OWNER OCCUPIED RESIDENTIAL Loans: COMMERCIAL REAL ESTATE MORTGAGE CONSUMER TOTAL Individually evaluated for impairment $ — $ 11 $ — $ — $ 11 Collectively evaluated for impairment 250,184 356,532 237,964 17,591 862,271 Total loans $ 250,184 $ 356,543 $ 237,964 $ 17,591 $ 862,282 AT DECEMBER 31, 2018 (IN THOUSANDS) COMMERCIAL LOANS ALLOCATION SECURED BY NON- REAL ESTATE − FOR OWNER OCCUPIED RESIDENTIAL GENERAL Allowance for loan losses: COMMERCIAL REAL ESTATE MORTGAGE CONSUMER RISK TOTAL Specific reserve allocation $ — $ 11 $ — $ — $ — $ 11 General reserve allocation 3,057 3,378 1,235 127 863 8,660 Total allowance for loan losses $ 3,057 $ 3,389 $ 1,235 $ 127 $ 863 $ 8,671 The segments of the Company’s loan portfolio are disaggregated into classes that allows management to monitor risk and performance. The loan classes used are consistent with the internal reports evaluated by the Company’s management and Board of Directors to monitor risk and performance within various segments of its loan portfolio. The commercial loan segment includes both the commercial and industrial and the owner occupied commercial real estate loan classes while the remaining segments are not separated into classes as management monitors risk in these loans at the segment level. The residential mortgage loan segment is comprised of first lien amortizing residential mortgage loans and home equity loans secured by residential real estate. The consumer loan segment consists primarily of installment loans and overdraft lines of credit connected with customer deposit accounts. Management evaluates for possible impairment any individual loan in the commercial or commercial real estate segment that is in nonaccrual status or classified as a Troubled Debt Restructure (TDR). In addition, consumer and residential mortgage loans with a balance of $150,000 or more are evaluated for impairment. Loans are considered to be impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in evaluating impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed. Once the determination has been made that a loan is impaired, the determination of whether a specific allocation of the allowance is necessary is measured by comparing the recorded investment in the loan to the fair value of the loan using one of three methods: (a) the present value of expected future cash flows discounted at the loan’s effective interest rate; (b) the loan’s observable market price; or (c) the fair value of the collateral less selling costs for collateral dependent loans. The method is selected on a loan-by-loan basis, with management primarily utilizing the fair value of collateral method. The evaluation of the need and amount of a specific allocation of the allowance and whether a loan can be removed from impairment status is made on a quarterly basis. The Company’s policy for recognizing interest income on impaired loans does not differ from its overall policy for interest recognition. The need for an updated appraisal on collateral dependent loans is determined on a case-by-case basis. The useful life of an appraisal or evaluation will vary depending upon the circumstances of the property and the economic conditions in the marketplace. A new appraisal is not required if there is an existing appraisal which, along with other information, is sufficient to determine a reasonable value for the property and to support an appropriate and adequate allowance for loan losses. At a minimum, annual documented reevaluation of the property is completed by the Bank’s internal Assigned Risk Department to support the value of the property. When reviewing an appraisal associated with an existing real estate collateral dependent transaction, the Bank’s internal Assigned Risk Department must determine if there have been material changes to the underlying assumptions in the appraisal which affect the original estimate of value. Some of the factors that could cause material changes to reported values include: § the passage of time; § the volatility of the local market; § the availability of financing; § natural disasters; § the inventory of competing properties; § new improvements to, or lack of maintenance of, the subject property or competing properties upon physical inspection by the Bank; § changes in underlying economic and market assumptions, such as material changes in current and projected vacancy, absorption rates, capitalization rates, lease terms, rental rates, sales prices, concessions, construction overruns and delays, zoning changes, etc.; and/or § environmental contamination. The value of the property is adjusted to appropriately reflect the above listed factors and the value is discounted to reflect the value impact of a forced or distressed sale, any outstanding senior liens, any outstanding unpaid real estate taxes, transfer taxes and closing costs that would occur with sale of the real estate. If the Assigned Risk Department personnel determine that a reasonable value cannot be derived based on available information, a new appraisal is ordered. The determination of the need for a new appraisal, versus completion of a property valuation by the Bank’s Assigned Risk Department personnel rests with the Assigned Risk Department and not the originating account officer. The following tables present impaired loans by portfolio segment, segregated by those for which a specific allowance was required and those for which a specific allowance was not necessary. AT DECEMBER 31, 2019 IMPAIRED LOANS WITH IMPAIRED LOANS WITH NO SPECIFIC SPECIFIC ALLOWANCE ALLOWANCE TOTAL IMPAIRED LOANS UNPAID RECORDED RELATED RECORDED RECORDED PRINCIPAL INVESTMENT ALLOWANCE INVESTMENT INVESTMENT BALANCE (IN THOUSANDS) Commercial $ 816 $ 84 $ — $ 816 $ 816 Commercial loans secured by non-owner occupied real estate 8 8 — 8 30 Total impaired loans $ 824 $ 92 $ — $ 824 $ 846 AT DECEMBER 31, 2018 IMPAIRED LOANS WITH IMPAIRED LOANS WITH NO SPECIFIC SPECIFIC ALLOWANCE ALLOWANCE TOTAL IMPAIRED LOANS UNPAID RECORDED RELATED RECORDED RECORDED PRINCIPAL INVESTMENT ALLOWANCE INVESTMENT INVESTMENT BALANCE (IN THOUSANDS) Commercial loans secured by non-owner occupied real estate $ 11 $ 11 $ — $ 11 $ 33 Total impaired loans $ 11 $ 11 $ — $ 11 $ 33 The following table presents the average recorded investment in impaired loans and related interest income recognized for the periods indicated. YEAR ENDED DECEMBER 31, 2019 2018 2017 (IN THOUSANDS) Average impaired balance: Commercial $ 597 $ 228 $ 1,075 Commercial loans secured by non-owner occupied real estate 10 12 838 Average investment in impaired loans $ 607 $ 240 $ 1,913 Interest income recognized: Commercial $ 30 $ — $ 12 Commercial loans secured by non-owner occupied real estate — — — Interest income recognized on a cash basis on impaired loans $ 30 $ — $ 12 Management uses a nine-point internal risk rating system to monitor the credit quality of the overall loan portfolio. The first six categories are considered not criticized. The first five “Pass” categories are aggregated, while the Pass‑6, Special Mention, Substandard and Doubtful categories are disaggregated to separate pools. The criticized rating categories utilized by management generally follow bank regulatory definitions. The Special Mention category includes assets that are currently protected but are potentially weak, resulting in an undue and unwarranted credit risk, but not to the point of justifying a Substandard classification. Loans in the Substandard category have well-defined weaknesses that jeopardize the liquidation of the debt, and have a distinct possibility that some loss will be sustained if the weaknesses are not corrected. All loans greater than 90 days past due, or for which any portion of the loan represents a specific allocation of the allowance for loan losses are placed in Substandard or Doubtful. To help ensure that risk ratings are accurate and reflect the present and future capacity of borrowers to repay a loan as agreed, the Company has a structured loan rating process, which dictates that, at a minimum, credit reviews are mandatory for all commercial and commercial mortgage loan relationships with aggregate balances in excess of $1,000,000 within a 12‑month period. Generally, consumer and residential mortgage loans are included in the Pass categories unless a specific action, such as bankruptcy, delinquency, or death occurs to raise awareness of a possible credit event. The Company’s commercial relationship managers are responsible for the timely and accurate risk rating of the loans in their portfolios at origination and on an ongoing basis. Risk ratings are assigned by the account officer, but require independent review and rating concurrence from the Company’s internal Loan Review Department. The Loan Review Department is an experienced, independent function which reports directly to the Board’s Audit Committee. The scope of commercial portfolio coverage by the Loan Review Department is defined and presented to the Audit Committee for approval on an annual basis. The approved scope of coverage for 2019 required review of a minimum range of 50% to 55% of the commercial loan portfolio. In addition to loan monitoring by the account officer and Loan Review Department, the Company also requires presentation of all credits rated Pass‑6 with aggregate balances greater than $2,000,000, all credits rated Special Mention or Substandard with aggregate balances greater than $250,000, and all credits rated Doubtful with aggregate balances greater than $100,000 on an individual basis to the Company’s Loan Loss Reserve Committee on a quarterly basis. Additionally, the Asset Quality Task Force, which is a group comprised of senior level personnel, meets monthly to monitor the status of problem loans. The following table presents the classes of the commercial and commercial real estate loan portfolios summarized by the aggregate Pass and the criticized categories of Special Mention, Substandard and Doubtful within the internal risk rating system. AT DECEMBER 31, 2019 SPECIAL PASS MENTION SUBSTANDARD DOUBTFUL TOTAL (IN THOUSANDS) Commercial and industrial $ 161,147 $ 853 $ 11,922 $ — $ 173,922 Commercial loans secured by owner occupied real estate 88,942 1,384 1,329 — 91,655 Commercial loans secured by non-owner occupied real estate 362,027 — 1,600 8 363,635 Total $ 612,116 $ 2,237 $ 14,851 $ 8 $ 629,212 AT DECEMBER 31, 2018 SPECIAL PASS MENTION SUBSTANDARD DOUBTFUL TOTAL (IN THOUSANDS) Commercial and industrial $ 154,510 $ 2,089 $ 1,680 $ — $ 158,279 Commercial loans secured by owner occupied real estate 86,997 3,769 1,139 — 91,905 Commercial loans secured by non-owner occupied real estate 349,954 6,316 262 11 356,543 Total $ 591,461 $ 12,174 $ 3,081 $ 11 $ 606,727 It is generally the policy of the Bank that the outstanding balance of any residential mortgage loan that exceeds 90‑days past due as to principal and/or interest is transferred to non-accrual status and an evaluation is completed to determine the fair value of the collateral less selling costs, unless the balance is minor. A charge down is recorded for any deficiency balance determined from the collateral evaluation. The remaining non-accrual balance is reported as impaired with no specific allowance. It is generally the policy of the Bank that the outstanding balance of any consumer loan that exceeds 90‑days past due as to principal and/or interest is charged off. The following tables present the performing and non-performing outstanding balances of the residential and consumer portfolio classes. AT DECEMBER 31, 2019 NON- PERFORMING PERFORMING TOTAL (IN THOUSANDS) Real estate – residential mortgage $ 233,760 $ 1,479 $ 235,239 Consumer 18,255 — 18,255 Total $ 252,015 $ 1,479 $ 253,494 AT DECEMBER 31, 2018 NON- PERFORMING PERFORMING TOTAL (IN THOUSANDS) Real estate – residential mortgage $ 236,754 $ 1,210 $ 237,964 Consumer 17,591 — 17,591 Total $ 254,345 $ 1,210 $ 255,555 Management further monitors the performance and credit quality of the loan portfolio by analyzing the age of the portfolio as determined by the length of time a recorded payment is past due. The following tables present the classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans. AT DECEMBER 31, 2019 90 DAYS 30 – 59 60 – 89 PAST DUE DAYS DAYS 90 DAYS TOTAL TOTAL AND STILL CURRENT PAST DUE PAST DUE PAST DUE PAST DUE LOANS ACCRUING (IN THOUSANDS) Commercial and industrial $ 173,922 $ — $ — $ — $ — $ 173,922 $ — Commercial loans secured by owner occupied real estate 91,538 117 — — 117 91,655 — Commercial loans secured by non-owner occupied real estate 363,635 — — — — 363,635 — Real estate – residential mortgage 231,022 2,331 864 1,022 4,217 235,239 — Consumer 18,190 42 23 — 65 18,255 — Total $ 878,307 $ 2,490 $ 887 $ 1,022 $ 4,399 $ 882,706 $ — AT DECEMBER 31, 2018 90 DAYS 30 – 59 60 – 89 PAST DUE DAYS DAYS 90 DAYS TOTAL TOTAL AND STILL CURRENT PAST DUE PAST DUE PAST DUE PAST DUE LOANS ACCRUING (IN THOUSANDS) Commercial and industrial $ 158,279 $ — $ — $ — $ — $ 158,279 $ — Commercial loans secured by owner occupied real estate 91,905 — — — — 91,905 — Commercial loans secured by non-owner occupied real estate 355,963 580 — — 580 356,543 — Real estate – residential mortgage 232,465 3,651 472 1,376 5,499 237,964 — Consumer 17,408 153 30 — 183 17,591 — Total $ 856,020 $ 4,384 $ 502 $ 1,376 $ 6,262 $ 862,282 $ — An allowance for loan losses (“ALL”) is maintained to support loan growth and cover charge-offs from the loan portfolio. The ALL is based on management’s continuing evaluation of the risk characteristics and credit quality of the loan portfolio, assessment of current economic conditions, diversification and size of the portfolio, adequacy of collateral, past and anticipated loss experience, and the amount of non-performing loans. Loans that are collectively evaluated for impairment are analyzed with general allowances being made as appropriate. For general allowances, historical loss trends are used in the estimation of losses in the current portfolio. These historical loss amounts are complemented by consideration of other qualitative factors. Management tracks the historical net charge-off activity at each risk rating grade level for the entire commercial portfolio and at the aggregate level for the consumer, residential mortgage and small business portfolios. A historical charge-off factor is calculated utilizing a rolling 12 consecutive historical quarters for the commercial portfolios. This historical charge-off factor for the consumer, residential mortgage and small business portfolios are based on a three-year historical average of actual loss experience. The Company uses a comprehensive methodology and procedural discipline to maintain an ALL to absorb inherent losses in the loan portfolio. The Company believes this is a critical accounting policy since it involves significant estimates and judgments. The allowance consists of three elements: (1) an allowance established on specifically identified problem loans, (2) formula driven general reserves established for loan categories based upon historical loss experience and other qualitative factors which include delinquency, non-performing and TDR loans, loan trends, economic trends, concentrations of credit, trends in loan volume, experience and depth of management, examination and audit results, effects of any changes in lending policies, and trends in policy, financial information, and documentation exceptions, and (3) a general risk reserve which provides support for variance from our assessment of the previously listed qualitative factors, provides protection against credit risks resulting from other inherent risk factors contained in the Company’s loan portfolio, and recognizes the model and estimation risk associated with the specific and formula driven allowances. The qualitative factors used in the formula driven general reserves are evaluated quarterly (and revised if necessary) by the Company’s management to establish allocations which accommodate each of the listed risk factors. “Pass” rated credits are segregated from “Criticized” and “Classified” credits for the application of qualitative factors. Management reviews the loan portfolio on a quarterly basis using a defined, consistently applied process in order to make appropriate and timely adjustments to the ALL. When information confirms all or part of specific loans to be uncollectible, these amounts are promptly charged off against the ALL.

NON-PERFORMING ASSETS INCLUDING

NON-PERFORMING ASSETS INCLUDING TROUBLED DEBT RESTRUCTURINGS	12 Months Ended
	Dec. 31, 2019
NON-PERFORMING ASSETS INCLUDING TROUBLED DEBT RESTRUCTURINGS
NON-PERFORMING ASSETS INCLUDING TROUBLED DEBT RESTRUCTURINGS	9. NON-PERFORMING ASSETS INCLUDING TROUBLED DEBT RESTRUCTURINGS Non-performing assets are comprised of (i) loans which are on a non-accrual basis, (ii) loans which are contractually past due 90 days or more as to interest or principal payments, (iii) performing loans classified as TDR and (iv) OREO (real estate acquired through foreclosure, in-substance foreclosures and repossessed assets). The following table presents information concerning non-performing assets including TDR: AT DECEMBER 31, 2019 2018 (IN THOUSANDS, EXCEPT PERCENTAGES) Non-accrual loans: Commercial loans secured by non-owner occupied real estate $ 8 $ 11 Real estate – residential mortgage 1,479 1,210 Total 1,487 1,221 Other real estate owned: Commercial loans secured by owner occupied real estate — 157 Real estate – residential mortgage 37 — Total 37 157 TDR’s not in non-accrual 815 — Total non-performing assets including TDR $ 2,339 $ 1,378 Total non-performing assets as a percent of loans, net of unearned income, and other real estate owned 0.26 % 0.16 % The Company had no loans past due 90 days or more for the periods presented which were accruing interest. Consistent with accounting and regulatory guidance, the Bank recognizes a TDR when the Bank, for economic or legal reasons related to a borrower’s financial difficulties, grants a concession to the borrower that would not normally be considered. Regardless of the form of concession granted, the Bank’s objective in offering a TDR is to increase the probability of repayment of the borrower’s loan. To be considered a TDR, both of the following criteria must be met: · the borrower must be experiencing financial difficulties; and · the Bank, for economic or legal reasons related to the borrower’s financial difficulties, grants a concession to the borrower that would not otherwise be considered. Factors that indicate a borrower is experiencing financial difficulties include, but are not limited to: · the borrower is currently in default on their loan(s); · the borrower has filed for bankruptcy; · the borrower has insufficient cash flows to service their loan(s); or · the borrower is unable to obtain refinancing from other sources at a market rate similar to rates available to a non-troubled debtor. Factors that indicate that a concession has been granted include, but are not limited to: · the borrower is granted an interest rate reduction to a level below market rates for debt with similar risk; or · the borrower is granted a material maturity date extension, or extension of the amortization plan to provide payment relief. For purposes of this policy, a material maturity date extension will generally include any maturity date extension, or the aggregate of multiple consecutive maturity date extensions, that exceed 120 days. A restructuring that results in an insignificant delay in payment, i.e. 120 days or less, is not necessarily a TDR. Insignificant payment delays occur when the amount of the restructured payments subject to the delay is insignificant relative to the unpaid principal or collateral value, and will result in an insignificant shortfall in the originally scheduled contractual amount due, and/or the delay in timing of the restructured payment period is insignificant relative to the frequency of payments, the original maturity or the original amortization. The determination of whether a restructured loan is a TDR requires consideration of all of the facts and circumstances surrounding the modification. No single factor is determinative of whether a restructuring is a TDR. An overall general decline in the economy or some deterioration in a borrower’s financial condition does not automatically mean that the borrower is experiencing financial difficulty. Accordingly, determination of whether a modification is a TDR involves a large degree of judgment. Any loan modification where the loan currently maintains a criticized or classified risk rating, i.e. Special Mention, Substandard or Doubtful, or where the loan will be assigned a criticized or classified rating after the modification is evaluated to determine the need for TDR classification. The specific ALL reserve for loans modified as TDR’s was $92,000 and $11,000 as of December 31, 2019 and 2018, respectively. The following table details the loans modified in TDRs during the year ended December 31, 2019 (dollars in thousands). Loans in accrual status # of Loans Current Balance Concession Granted Commercial and industrial 2 $ 816 Extension of maturity date with a below market interest rate Loans in non-accrual status Commercial loan secured by non-owner occupied real estate 1 8 Extension of maturity date The following table details the loans modified in TDRs during the year ended December 31, 2018 (dollars in thousands). Loans in non-accrual status # of Loans Current Balance Concession Granted Commercial loan secured by non-owner occupied real estate 1 $ 11 Extension of maturity date In all instances where loans have been modified in troubled debt restructurings the pre- and post-modified balances are the same. Once a loan is classified as a TDR, this classification will remain until documented improvement in the financial position of the borrower supports confidence that all principal and interest will be paid according to terms. Additionally, the customer must have re-established a track record of timely payments according to the restructured contract terms for a minimum of six consecutive months prior to consideration for removing the loan from non-accrual TDR status. However, a loan will continue to be on non-accrual status until, consistent with our policy, the borrower has made a minimum of six consecutive payments in accordance with the terms of the loan. There were no loans that were modified as TDR’s in the previous 12 months and defaulted during the reporting periods ending December 31, 2019, 2018 or 2017, respectively All TDRs are individually evaluated for impairment and a related allowance is recorded, as needed. The Company is unaware of any additional loans which are required to either be charged-off or added to the non-performing asset totals disclosed above. OREO is recorded at the lower of (1) fair value minus estimated costs to sell or (2) carrying cost. Foreclosed assets acquired in settlement of loans carried at fair value less estimated costs to sell are included in Other assets on the Consolidated Balance Sheets. As of December 31, 2019, a total of $37,000 of residential real estate foreclosed assets were included in Other assets. As of December 31, 2018, there were no residential real estate foreclosed assets included in Other assets. As of December 31, 2019, the Company had initiated formal foreclosure procedures on $267,000 of consumer residential mortgages.

PREMISES AND EQUIPMENT

PREMISES AND EQUIPMENT	12 Months Ended
	Dec. 31, 2019
PREMISES AND EQUIPMENT
PREMISES AND EQUIPMENT	10. PREMISES AND EQUIPMENT An analysis of premises and equipment follows: AT DECEMBER 31, 2019 2018 (IN THOUSANDS) Land $ 1,198 $ 1,198 Premises 27,711 27,160 Furniture and equipment 8,632 9,085 Leasehold improvements 1,174 461 Total at cost 38,715 37,904 Less: Accumulated depreciation and amortization 24,072 24,556 Premises and equipment, net $ 14,643 $ 13,348 The Company recorded depreciation expense of $1.5 million for 2019 and 2018 and $1.7 million for 2017. The Company utilizes a contract cleaner to provide janitorial services for several office locations. The contract cleaner is owned by a Director of the Company. The amount paid to this related party totaled $218,000, $221,000, and $216,000 for the years ended December 31, 2019, 2018, and 2017, respectively.

LEASE COMMITMENTS

LEASE COMMITMENTS	12 Months Ended
	Dec. 31, 2019
LEASE COMMITMENTS
LEASE COMMITMENTS	11. LEASE COMMITMENTS Due to the adoption of ASU 2016-02, Leases (Topic 842), the Company completed a comprehensive review and analysis of all its property and equipment contracts. As a result of this review, it was determined that the Company leases eight office locations under both operating and financing leases and one copy machine under a short-term lease. Several assumptions and judgments were made when applying the requirements of Topic 842 to the Company’s existing lease commitments, including the allocation of consideration in the contracts between lease and non-lease components, determination of the lease term, and determination of the discount rate used in calculating the present value of the lease payments. See Note 1 for information on policy elections. The following table presents the lease cost associated with both operating and financing leases for the year ended December 31, 2019 (in thousands). Total rent expense recorded during the years ended December 31, 2018 and 2017 was $415,000 and $571,000, respectively. YEAR ENDED DECEMBER 31, 2019 Lease cost Financing lease cost: Amortization of right-of-use asset $ 258 Interest expense 117 Operating lease cost 117 Total lease cost $ 492 The following table presents the weighted-average remaining lease term and discount rate for the leases outstanding at December 31, 2019. OPERATING FINANCING Weighted-average remaining term (years) 11.9 17.1 Weighted-average discount rate 3.46 % 3.60 % The following table presents the undiscounted cash flows due related to operating and financing leases as of December 31, 2019, along with a reconciliation to the discounted amount recorded on the Consolidated Balance Sheets. OPERATING FINANCING Undiscounted cash flows due: Within 1 year $ 118 $ 296 After 1 year but within 2 years 120 275 After 2 years but within 3 years 98 277 After 3 years but within 4 years 69 274 After 4 years but within 5 years 69 236 After 5 years 589 3,007 Total undiscounted cash flows 1,063 4,365 Discount on cash flows (198) (1,202) Total lease liabilities $ 865 $ 3,163

DEPOSITS

DEPOSITS	12 Months Ended
	Dec. 31, 2019
DEPOSITS
DEPOSITS	12. DEPOSITS The following table sets forth the balance of the Company’s deposits: AT DECEMBER 31, 2019 2018 (IN THOUSANDS) Demand: Non-interest bearing $ 136,462 $ 150,627 Interest bearing 177,767 169,151 Savings 95,933 97,406 Money market 208,343 221,398 Certificates of deposit in denominations of $100,000 or more 38,770 34,841 Other time 303,238 275,748 Total deposits $ 960,513 $ 949,171 The following table sets forth the balance of other time deposits and certificates of deposit of $100,000 or more as of December 31, 2019 maturing in the periods presented: CERTIFICATES OF DEPOSIT YEAR: OTHER TIME DEPOSITS OF $100,000 OR MORE TOTAL (IN THOUSANDS) 2020 $ 143,337 $ 33,445 $ 176,782 2021 102,425 4,818 107,243 2022 19,740 107 19,847 2023 20,242 400 20,642 2024 11,473 — 11,473 2025 and after 6,021 — 6,021 Total $ 303,238 $ 38,770 $ 342,008 The aggregate amount of time deposit accounts (including certificates of deposit) that meet or exceed the FDIC insurance limit of $250,000 at December 31, 2019 and 2018 are $69.0 million and $61.1 million, respectively.

SHORT-TERM BORROWINGS

SHORT-TERM BORROWINGS	12 Months Ended
	Dec. 31, 2019
SHORT-TERM BORROWINGS
SHORT-TERM BORROWINGS	13. SHORT-TERM BORROWINGS Short-term borrowings, which consist of federal funds purchased and other short-term borrowings are summarized as follows: AT DECEMBER 31, 2019 FEDERAL FUNDS SHORT-TERM PURCHASED BORROWINGS (IN THOUSANDS, EXCEPT RATES) Balance $ — $ 22,412 Maximum balance at any month end — 49,615 Average balance during year 58 11,030 Average rate paid for the year 3.04 % 2.59 % Interest rate on year-end balance — 1.81 AT DECEMBER 31, 2018 FEDERAL FUNDS SHORT-TERM PURCHASED BORROWINGS (IN THOUSANDS, EXCEPT RATES) Balance $ — $ 41,029 Maximum balance at any month end — 82,932 Average balance during year 54 33,073 Average rate paid for the year 1.70 % 2.17 % Interest rate on year-end balance — 2.62 AT DECEMBER 31, 2017 FEDERAL OTHER FUNDS SHORT-TERM PURCHASED BORROWINGS (IN THOUSANDS, EXCEPT RATES) Balance $ — $ 49,084 Maximum balance at any month end — 51,760 Average balance during year 54 16,918 Average rate paid for the year 0.95 % 1.21 % Interest rate on year-end balance — 1.54 Average amounts outstanding during the year represent daily averages. Average interest rates represent interest expense divided by the related average balances. These borrowing transactions have an average maturity of overnight.

ADVANCES FROM FEDERAL HOME LOAN

ADVANCES FROM FEDERAL HOME LOAN BANK, GUARANTEED JUNIOR SUBORDINATED DEFERRABLE INTEREST DEBENTURES AND SUBORDINATED DEBT	12 Months Ended
	Dec. 31, 2019
ADVANCES FROM FEDERAL HOME LOAN BANK, GUARANTEED JUNIOR SUBORDINATED DEFERRABLE INTEREST DEBENTURES AND SUBORDINATED DEBT
ADVANCES FROM FEDERAL HOME LOAN BANK, GUARANTEED JUNIOR SUBORDINATED DEFERRABLE INTEREST DEBENTURES AND SUBORDINATED DEBT	14. ADVANCES FROM FEDERAL HOME LOAN BANK, GUARANTEED JUNIOR SUBORDINATED DEFERRABLE INTEREST DEBENTURES AND SUBORDINATED DEBT Advances from the FHLB consist of the following: AT DECEMBER 31, 2019 WEIGHTED AVERAGE YIELD BALANCE MATURING (IN THOUSANDS, EXCEPT RATES) 2020 1.75 % $ 18,729 2021 2.28 9,496 2022 2.21 17,838 2023 2.48 5,568 2024 1.86 2,037 Total advances from FHLB 2.08 $ 53,668 AT DECEMBER 31, 2018 WEIGHTED AVERAGE YIELD BALANCE MATURING (IN THOUSANDS, EXCEPT RATES) 2019 1.51 % $ 12,500 2020 1.74 16,729 2021 2.28 9,496 2022 2.86 6,996 2023 2.86 1,000 Total advances from FHLB 1.98 $ 46,721 The Company’s subsidiary Bank is a member of the FHLB which provides this subsidiary with the opportunity to obtain short to longer-term advances based upon the Company’s investment in assets secured by one- to four-family residential real estate and certain types of commercial and commercial real estate loans. The rate on open repo plus advances, which are typically overnight borrowings, can change daily, while the rates on the advances are fixed until the maturity of the advance. All FHLB stock along with an interest in certain residential mortgage, commercial real estate, and commercial and industrial loans with an aggregate statutory value equal to the amount of the advances, are pledged as collateral to the FHLB of Pittsburgh to support these borrowings. At December 31, 2019, the Company had immediately available $358 million of overnight borrowing capability at the FHLB, $30 million of short-term borrowing availability at the Federal Reserve Bank and $35 million of unsecured federal funds lines with correspondent banks. Guaranteed Junior Subordinated Deferrable Interest Debentures: On April 28, 1998, the Company completed a $34.5 million public offering of 8.45% Trust Preferred Securities, which represent undivided beneficial interests in the assets of a Delaware business trust, AmeriServ Financial Capital Trust I. The Trust Preferred Securities will mature on June 30, 2028, and are callable at par at the option of the Company after June 30, 2003. Proceeds of the issue were invested by AmeriServ Financial Capital Trust I in Junior Subordinated Debentures issued by the Company. The Trust Preferred Securities are listed on NASDAQ under the symbol ASRVP. The Company used $22.5 million of proceeds from a private placement of common stock to redeem Trust Preferred Securities in 2005 and 2004. The net balance as of December 31, 2019 and 2018 was $13.0 million and $12.9 million, respectively. Subordinated Debt: On December 29, 2015, the Company completed a private placement of $7.65 million in aggregate principal amount of fixed rate subordinated notes to certain accredited investors. The subordinated notes mature December 31, 2025 and have a 6.50% fixed interest rate for the entire term. This subordinated debt has been structured to qualify as Tier 2 capital under the Federal Reserve’s capital guidelines and will be non-callable for five years. The Company used the proceeds from this private placement and other cash on hand to redeem all $21 million of its issued and outstanding SBLF preferred stock on January 27, 2016. The net balance as of December 31, 2019 and 2018 was $7.5 million.

DISCLOSURES ABOUT FAIR VALUE ME

DISCLOSURES ABOUT FAIR VALUE MEASUREMENTS	12 Months Ended
	Dec. 31, 2019
DISCLOSURES ABOUT FAIR VALUE MEASUREMENTS
DISCLOSURES ABOUT FAIR VALUE MEASUREMENTS	15. DISCLOSURES ABOUT FAIR VALUE MEASUREMENTS The following disclosures establish a hierarchal disclosure framework associated with the level of pricing observability utilized in measuring assets and liabilities at fair value. Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. The three broad levels defined within this hierarchy are as follows: Level I: Quoted prices are available in active markets for identical assets or liabilities as of the reported date. Level II: Pricing inputs are other than the quoted prices in active markets, which are either directly or indirectly observable as of the reported date. The nature of these assets and liabilities includes items for which quoted prices are available but traded less frequently and items that are fair-valued using other financial instruments, the parameters of which can be directly observed. Level III: Assets and liabilities that have little to no pricing observability as of the reported date. These items do not have two-way markets and are measured using management’s best estimate of fair value, where the inputs into the determination of fair value require significant management judgment or estimation. Assets and Liability Measured and Recorded on a Recurring Basis Equity securities are reported at fair value utilizing Level 1 inputs. These securities are mutual funds held within a rabbi trust for the Company’s executive deferred compensation plan. The mutual funds held are open-end funds that are registered with the Securities and Exchange Commission. These funds are required to publish their daily net asset value and to transact at that price. Securities classified as available for sale are reported at fair value utilizing Level 2 inputs. For these securities, the Company obtains fair value measurements from an independent pricing service. The fair value measurements consider observable data that may include dealer quoted market spreads, cash flows, the U.S. Treasury yield curve, live trading levels, trade execution data, market consensus prepayment speeds, credit information and the bond’s terms and conditions, among other things. The fair values of the fair value swaps used for interest rate risk management represents the amount the Company would be expected to receive or pay to terminate such agreements. These fair values are based on an external derivative valuation model using data inputs as of the valuation date and classified Level 2. The following table presents the assets and liability measured and reported on the Consolidated Balance Sheets on a recurring basis at their fair value as of December 31, 2019 and 2018, by level within the fair value hierarchy (in thousands). FAIR VALUE MEASUREMENTS AT DECEMBER 31, 2019 USING TOTAL (LEVEL 1) (LEVEL 2) (LEVEL 3) Equity securities $ 366 $ 366 $ — $ — Available for sale securities: U.S. Agency 5,116 — 5,116 — Municipal 15,170 — 15,170 — Corporate bonds 39,830 — 39,830 — U.S. Agency mortgage-backed securities 81,633 — 81,633 — Fair value swap asset 959 — 959 — Fair value swap liability (959) — (959) — FAIR VALUE MEASUREMENTS AT DECEMBER 31, 2018 USING TOTAL (LEVEL 1) (LEVEL 2) (LEVEL 3) Available for sale securities: U.S. Agency $ 7,529 $ — $ 7,529 $ — Municipal 13,181 — 13,181 — Corporate bonds 36,494 — 36,494 — U.S. Agency mortgage-backed securities 89,527 — 89,527 — Fair value swap asset 257 — 257 — Fair value swap liability (257) — (257) — Assets Measured and Recorded on a Non-Recurring Basis Loans considered impaired are loans for which, based on current information and events, it is probable that the creditor will be unable to collect all amounts due according to the contractual terms of the loan agreement. Impaired loans are reported at the fair value of the underlying collateral if the repayment is expected solely from the collateral. Collateral values are estimated using Level 3 inputs based on observable market data which at times are discounted. At December 31, 2019, impaired loans with a carrying value of $263,000 were reduced by a specific valuation allowance totaling $8,000 resulting in a net fair value of $255,000. At December 31, 2018, impaired loans with a carrying value of $11,000 were reduced by a specific valuation allowance totaling $11,000 resulting in a net fair value of zero. Other real estate owned is measured at fair value based on appraisals, less estimated costs to sell at the date of foreclosure. Valuations are periodically performed by management and the assets are carried at the lower of carrying amount or fair value, less cost to sell. Income and expenses from operations and changes in valuation allowance are included in the net expenses from OREO. Assets measured and recorded at fair value on a non-recurring basis are summarized below (in thousands, except range data): FAIR VALUE MEASUREMENTS AT DECEMBER 31, 2019 USING TOTAL (LEVEL 1) (LEVEL 2) (LEVEL 3) Impaired loans $ 255 $ — $ — $ 255 Other real estate owned 37 — — 37 FAIR VALUE MEASUREMENTS AT DECEMBER 31, 2018 USING TOTAL (LEVEL 1) (LEVEL 2) (LEVEL 3) Impaired loans $ — $ — $ — $ — Other real estate owned 157 — — 157 December 31, 2019 Quantitative Information About Level 3 Fair Value Measurements Valuation Unobservable Fair Value Techniques Input Range (Wgtd Ave) Impaired loans $ 255 Appraisal of Appraisal 0% to 100% (3) % collateral (1) adjustments(2) Other real estate owned 37 Appraisal of Appraisal 0% to 57% (38) % collateral (1) adjustments(2) Liquidation 21% to 134% (30) % expenses December 31, 2018 Quantitative Information About Level 3 Fair Value Measurements Valuation Unobservable Fair Value Techniques Input Range (Wgtd Ave) Impaired loans $ — Appraisal of Appraisal 100% (100) % collateral (1) adjustments(2) Other real estate owned 157 Appraisal of Appraisal 0% to 39% (8) % collateral (1) adjustments(2) Liquidation 21% to 195% (40) % expenses (1) Fair Value is generally determined through independent appraisals of the underlying collateral, which generally include various level 3 inputs which are not identifiable. Also includes qualitative adjustments by management and estimated liquidation expenses. (2) Appraisals may be adjusted by management for qualitative factors such as economic conditions.

DISCLOSURES ABOUT FAIR VALUE OF

DISCLOSURES ABOUT FAIR VALUE OF FINANCIAL INSTRUMENTS	12 Months Ended
	Dec. 31, 2019
DISCLOSURES ABOUT FAIR VALUE OF FINANCIAL INSTRUMENTS
DISCLOSURES ABOUT FAIR VALUE OF FINANCIAL INSTRUMENTS	16. DISCLOSURES ABOUT FAIR VALUE OF FINANCIAL INSTRUMENTS For the Company, as for most financial institutions, approximately 90% of its assets and liabilities are considered financial instruments. Many of the Company’s financial instruments, however, lack an available trading market characterized by a willing buyer and willing seller engaging in an exchange transaction. Therefore, significant estimates and present value calculations were used by the Company for the purpose of this disclosure. Fair values have been determined by the Company using independent third party valuations that use the best available data (Level 2) and an estimation methodology (Level 3) the Company believes is suitable for each category of financial instruments. Management believes that cash and cash equivalents, bank owned life insurance, regulatory stock, accrued interest receivable and payable, and short term borrowings have fair values which approximate the recorded carrying values. The fair value measurements for all of these financial instruments are Level 1 measurements. The estimated fair values based on US GAAP measurements and recorded carrying values at December 31, 2019 and 2018, for the remaining financial instruments not required to be measured or reported at fair value were as follows: AT DECEMBER 31, 2019 Carrying Value Fair Value (Level 1) (Level 2) (Level 3) (IN THOUSANDS) FINANCIAL ASSETS: Investment securities – HTM $ 39,936 $ 41,082 $ — $ 38,129 $ 2,953 Loans held for sale 4,868 4,970 4,970 — — Loans, net of allowance for loan loss and unearned income 873,427 873,908 — — 873,908 FINANCIAL LIABILITIES: Deposits with no stated maturities 651,469 631,023 — — 631,023 Deposits with stated maturities 309,044 310,734 — — 310,734 All other borrowings (1) 74,134 76,323 — — 76,323 AT DECEMBER 31, 2018 Carrying Value Fair Value (Level 1) (Level 2) (Level 3) (IN THOUSANDS) FINANCIAL ASSETS: Investment securities – HTM $ 40,760 $ 40,324 $ — $ 37,398 $ 2,926 Loans held for sale 847 871 871 — — Loans, net of allowance for loan loss and unearned income 853,611 836,122 — — 836,122 FINANCIAL LIABILITIES: Deposits with no stated maturities 671,666 627,323 — — 627,323 Deposits with stated maturities 277,505 277,010 — — 277,010 All other borrowings (1) 67,148 69,692 — — 69,692 (1) All other borrowings include advances from Federal Home Loan Bank, guaranteed junior subordinated deferrable interest debentures, and subordinated debt. Changes in assumptions or estimation methodologies may have a material effect on these estimated fair values. The Company’s remaining assets and liabilities which are not considered financial instruments have not been valued differently than has been customary under historical cost accounting.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2019
INCOME TAXES
INCOME TAXES	17. INCOME TAXES The Tax Cuts and Jobs Act, enacted on December 22, 2017 lowered the federal corporate income tax rate from 35% to 21% effective January 1, 2018. The expense for income taxes is summarized below and includes both federal and applicable state corporate income taxes: YEAR ENDED DECEMBER 31, 2019 2018 2017 (IN THOUSANDS) Current $ 1,393 $ (988) $ 1,084 Deferred 179 2,665 1,679 Change in corporate tax rate — — 2,624 Income tax expense $ 1,572 $ 1,677 $ 5,387 The reconciliation between the federal statutory tax rate and the Company’s effective consolidated income tax rate is as follows: YEAR ENDED DECEMBER 31, 2019 2018 2017 AMOUNT RATE AMOUNT RATE AMOUNT RATE (IN THOUSANDS, EXCEPT PERCENTAGES) Income tax expense based on federal statutory rate $ 1,596 21.0 % $ 1,983 21.0 % $ 2,951 34.0 % Tax exempt income (131) (1.4) (131) (1.4) (283) (3.3) Other 107 1.1 (175) (1.8) 95 1.0 Change in corporate tax rate — — — — 2,624 30.4 Total expense for income taxes $ 1,572 20.7 % $ 1,677 17.8 % $ 5,387 62.1 % The following table highlights the major components comprising the deferred tax assets and liabilities for each of the periods presented: AT DECEMBER 31, 2019 2018 (IN THOUSANDS) DEFERRED TAX ASSETS: Allowance for loan losses $ 1,949 $ 1,821 Unfunded commitment reserve 215 187 Unrealized investment security losses — 374 Premises and equipment 1,129 1,056 Accrued pension obligation 1,093 144 Other 230 255 Total tax assets 4,616 3,837 DEFERRED TAX LIABILITIES: Investment accretion (82) (90) Unrealized investment security gains (456) — Other (102) (110) Total tax liabilities (640) (200) Net deferred tax asset $ 3,976 $ 3,637 At December 31, 2019 and 2018, the Company had no valuation allowance established against its deferred tax assets as we believe the Company will generate sufficient future taxable income to fully utilize these assets. As a result of the Tax Cuts and Jobs Act, the Company’s AMT tax credits that are not used to reduce regular taxes are eligible for a 50% refund in 2018 to 2020 and a 100% refund in 2021. Due to this change, the AMT tax credit has been fully utilized as of December 31, 2019. As of December 31, 2018, the AMT tax credit was reclassified to other assets and amounted to approximately $287,000. The change in net deferred tax assets and liabilities consist of the following: YEAR ENDED DECEMBER 31, 2019 2018 (IN THOUSANDS) Unrealized (gains) losses recognized in comprehensive income $ (830) $ 288 Pension obligation of the defined benefit plan not yet recognized in income 1,348 51 Deferred provision for income taxes (179) (2,665) Net increase (decrease) $ 339 $ (2,326) The Company utilizes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. Benefits from tax positions should be recognized in the financial statements only when it is more likely than not that the tax position will be sustained upon examination by the appropriate taxing authority that would have full knowledge of all relevant information. A tax position that meets the more-likely-than-not recognition threshold is measured at the largest amount of benefit that is greater than fifty percent likely of being realized upon ultimate settlement. Tax positions that previously failed to meet the more-likely-than-not recognition threshold should be recognized in the first subsequent financial reporting period in which that threshold is met. Previously recognized tax positions that no longer meet the more-likely-than-not recognition threshold should be derecognized in the first subsequent financial reporting period in which that threshold is no longer met. The Company has no tax liability for uncertain tax positions. The Company’s federal and state income tax returns for taxable years through 2016 have been closed for purposes of examination by the Internal Revenue Service and the Pennsylvania Department of Revenue.

EMPLOYEE BENEFIT PLANS

EMPLOYEE BENEFIT PLANS	12 Months Ended
	Dec. 31, 2019
EMPLOYEE BENEFIT PLANS
EMPLOYEE BENEFIT PLANS	18. EMPLOYEE BENEFIT PLANS PENSION PLAN: The Company has a noncontributory defined benefit pension plan covering all employees who work at least 1,000 hours per year. The participants shall have a vested interest in their accrued benefit after five full years of service. The benefits of the plan are based upon the employee’s years of service and average annual earnings for the highest five consecutive calendar years during the final ten-year period of employment. Effective January 1, 2013, the Company implemented a soft freeze of its defined benefit pension plan for non-union employees. A soft freeze means that all existing employees as of December 31, 2012 will remain in the defined benefit pension plan but any new non-union employees hired after January 1, 2013 will no longer be part of the defined benefit plan but instead will be offered retirement benefits under an enhanced 401 (k) program. The Company implemented a similar soft freeze of its defined benefit pension plan for union employees effective January 1, 2014. The Company executed these changes to help reduce its pension costs in future years. Plan assets are primarily debt securities (including U.S. Treasury and Agency securities, corporate notes and bonds), listed common stocks (including shares of the Company’s common stock valued at $1.3 million and is limited to 10% of the plan’s assets), mutual funds, and short-term cash equivalent instruments. The following actuarial tables are based upon data provided by an independent third party as of December 31, 2019. PENSION BENEFITS: YEAR ENDED DECEMBER 31, 2019 2018 (IN THOUSANDS) CHANGE IN BENEFIT OBLIGATION: Benefit obligation at beginning of year $ 41,094 $ 41,013 Service cost 1,470 1,482 Interest cost 1,569 1,273 Actuarial loss 7,758 823 Special/contractual termination benefits — 63 Benefits paid (2,330) (3,560) Benefit obligation at end of year 49,561 41,094 CHANGE IN PLAN ASSETS: Fair value of plan assets at beginning of year 38,478 37,100 Actual return on plan assets 5,483 (1,062) Employer contributions 3,200 6,000 Benefits paid (2,330) (3,560) Fair value of plan assets at end of year 44,831 38,478 Funded status of the plan $ (4,730) $ (2,616) YEAR ENDED DECEMBER 31, 2019 2018 (IN THOUSANDS) AMOUNTS NOT YET RECOGNIZED AS A COMPONENT OF NET PERIODIC PENSION COST: Amounts recognized in accumulated other comprehensive loss consists of: Net actuarial loss $ 22,113 $ 18,461 Total $ 22,113 $ 18,461 YEAR ENDED DECEMBER 31, 2019 2018 (IN THOUSANDS) ACCUMULATED BENEFIT OBLIGATION: Accumulated benefit obligation $ 45,501 $ 37,695 The weighted-average assumptions used to determine benefit obligations at December 31, 2019 and 2018 were as follows: YEAR ENDED DECEMBER 31, 2019 2018 WEIGHTED AVERAGE ASSUMPTIONS: Discount rate 3.20 % 4.28 % Salary scale 2.50 2.50 YEAR ENDED DECEMBER 31, 2019 2018 2017 (IN THOUSANDS) COMPONENTS OF NET PERIODIC BENEFIT COST: Service cost $ 1,470 $ 1,482 $ 1,516 Interest cost 1,569 1,273 1,292 Expected return on plan assets (3,025) (2,798) (2,539) Special termination benefit liability — 63 — Recognized net actuarial loss 1,649 1,548 1,454 Net periodic pension cost $ 1,663 $ 1,568 $ 1,723 The service cost component of net periodic benefit cost is included in Salaries and employee benefits and all other components of net periodic benefit cost are included in Other expense on the Consolidated Statements of Operations. YEAR ENDED DECEMBER 31, 2019 2018 2017 (IN THOUSANDS) OTHER CHANGES IN PLAN ASSETS AND BENEFIT OBLIGATIONS RECOGNIZED IN OTHER COMPREHENSIVE LOSS Net (gain) loss $ 5,300 $ 4,683 $ (822) Recognized loss (1,649) (1,548) (1,454) Total recognized in other comprehensive loss before tax effect $ 3,651 $ 3,135 $ (2,276) Total recognized in net benefit cost and other comprehensive loss before tax effect $ 5,314 $ 4,703 $ (553) The estimated net loss for the defined benefit pension plan that will be amortized from accumulated other comprehensive loss into net periodic benefit cost over the next year is $2,499,000. The weighted-average assumptions used to determine net periodic benefit cost for the years ended December 31, 2019, 2018 and 2017 were as follows: YEAR ENDED DECEMBER 31, 2019 2018 2017 WEIGHTED AVERAGE ASSUMPTIONS: Discount rate 4.28 % 3.63 % 4.12 % Expected return on plan assets 7.50 7.50 7.75 Rate of compensation increase 2.50 2.50 2.50 The Company has assumed a 7.50% long-term expected return on plan assets. This assumption was based upon the plan’s historical investment performance over a longer-term period of 15 years combined with the plan’s investment objective of balanced growth and income. Additionally, this assumption also incorporates a targeted range for equity securities of approximately 60% of plan assets. PLAN ASSETS: The plan’s measurement date is December 31, 2019. This plan’s asset allocation at December 31, 2019 and 2018, by asset category are as follows: YEAR ENDED DECEMBER 31, 2019 2018 ASSET CATEGORY: Cash and cash equivalents 1 % 49 % Domestic equities 8 7 Mutual funds/ETFs 82 42 International equities 1 — Corporate bonds 8 2 Total 100 % 100 % The major categories of assets in the Company’s Pension Plan as of year-end are presented in the following table. Assets are segregated by the level of the valuation inputs within the fair value hierarchy established by ASC Topic 820 utilized to measure fair value. YEAR ENDED DECEMBER 31, 2019 2018 (IN THOUSANDS) Level 1: Cash and cash equivalents $ 186 $ 18,939 Domestic equities 3,782 2,841 Mutual funds/ETFs 36,469 15,808 International equities 620 — Level 2: Corporate bonds 3,774 890 Total fair value of plan assets $ 44,831 $ 38,478 Cash and cash equivalents may include uninvested cash balances along with money market mutual funds, treasury bills, or other assets normally categorized as cash equivalents. Domestic equities may include common or preferred stocks, covered options, rights or warrants, or American Depository Receipts which are traded on any U.S. equity market. Mutual funds/ETFs may include any equity, fixed income, balanced, international, or global mutual fund or exchange traded fund including any propriety fund managed by the Trust Company. Agencies may include any U.S. government agency security or asset-backed security. Collective investment funds may include equity, fixed income, or balanced collective investment funds managed by the Trust Company. Corporate bonds may include any corporate bond or note. The investment strategy objective for the pension plan is a balance of growth and income. This objective seeks to develop a portfolio for acceptable levels of current income together with the opportunity for capital appreciation. The balanced growth and income objective reflects a relatively equal balance between equity and fixed income investments such as debt securities. The allocation between equity and fixed income assets may vary by a moderate degree but the plan typically targets a range of equity investments between 50% and 60% of the plan assets. This means that fixed income and cash investments typically approximate 40% to 50% of the plan assets. The plan is also able to invest in ASRV common stock up to a maximum level of 10% of the market value of the plan assets (at December 31, 2019, 2.8% of the plan assets were invested in ASRV common stock). This asset mix is intended to ensure that there is a steady stream of cash from maturing investments to fund benefit payments. CASH FLOWS: The Company presently expects that the contribution to be made to the Plan in 2020 will be approximately $4.0 million. ESTIMATED FUTURE BENEFIT PAYMENTS: The following benefit payments, which reflect future service, as appropriate, are expected to be paid. ESTIMATED FUTURE YEAR: BENEFIT PAYMENTS (IN THOUSANDS) 2020 $ 4,096 2021 3,910 2022 4,317 2023 3,949 2024 4,205 Years 2025-2029 15,975 401(k) PLAN: The Company maintains a qualified 401(k) plan that allows for participation by Company employees. Under the plan, employees may elect to make voluntary, pretax contributions to their accounts which the Company will match one half on the first 2% of contribution up to a maximum of 1%. The Company also contributes 4% of salaries for union members who are in the plan. Effective January 1, 2013, any new non- union employees receive a 4% non-elective contribution and these employees may elect to make voluntary, pretax contributions to their accounts which the Company will match one half on the first 6% of contribution up to a maximum of 3%. Effective January 1, 2014, any new union employees receive a 4% non-elective contribution and these employees may elect to make voluntary, pretax contributions to their accounts which the Company will match dollar for dollar up to a maximum of 4%. Contributions by the Company charged to operations were $604,000, $503,000 and $469,000 for the years ended December 31, 2019, 2018 and 2017, respectively. The fair value of plan assets includes $924,000 pertaining to the value of the Company’s common stock and Trust Preferred securities that are held by the plan at December 31, 2019. DEFERRED COMPENSATION PLAN: The Company maintains a nonqualified deferred compensation plan in which a select group of executives are permitted to participate. An eligible executive can defer a certain percentage of their current salary to be placed into the plan. The Company has established a rabbi trust to provide funding for the benefits payable under our deferred compensation plan. As of December 31, 2019, the Company reported a deferred compensation liability of $366,000 within Other liabilities on the Consolidated Balance Sheets. In 2019, the Company recognized $9,000 of deferred compensation plan expense which is reported within Other expense on the Consolidated Statements of Operations. See Note 6 (Investment Securities) for additional disclosures related to the nonqualified deferred compensation plan and assets held within the rabbi trust. Except for the above described benefit plans, the Company has no significant additional exposure for any other post-retirement or post-employment benefits.

COMMITMENTS AND CONTINGENT LIAB

COMMITMENTS AND CONTINGENT LIABILITIES	12 Months Ended
	Dec. 31, 2019
COMMITMENTS AND CONTINGENT LIABILITIES
Commitments and Contingent Liabilities	19. COMMITMENTS AND CONTINGENT LIABILITIES The Company incurs off-balance sheet risks in the normal course of business in order to meet the financing needs of its customers. These risks derive from commitments to extend credit and standby letters of credit. Such commitments and standby letters of credit involve, to varying degrees, elements of credit risk in excess of the amount recognized in the consolidated financial statements. Commitments to extend credit are obligations to lend to a customer as long as there is no violation of any condition established in the loan agreement. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Because many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. The Company evaluates each customer’s creditworthiness on a case-by-case basis. Collateral which secures these types of commitments is the same as for other types of secured lending such as accounts receivable, inventory, fixed assets, and real estate. Standby letters of credit are conditional commitments issued by the Company to guarantee the performance of a customer to a third party. Those guarantees are primarily issued to support public and private borrowing arrangements, including normal business activities, bond financings, and similar transactions. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loans to customers. Letters of credit are issued both on an unsecured and secured basis. Collateral securing these types of transactions is similar to collateral securing the Company’s commercial loans. The Company’s exposure to credit loss in the event of nonperformance by the other party to these commitments to extend credit and standby letters of credit is represented by their contractual amounts. The Company uses the same credit and collateral policies in making commitments and conditional obligations as for all other lending. At December 31, 2019, the Company had various outstanding commitments to extend credit approximating $195.5 million and standby letters of credit of $14.7 million, compared to commitments to extend credit of $177.8 million and standby letters of credit of $16.7 million at December 31, 2018. Standby letters of credit had terms ranging from 1 to 5 years with annual extension options available. Standby letters of credit of approximately $9.2 million were secured as of December 31, 2019 and approximately $11.0 million at December 31, 2018. The carrying amount of the liability for AmeriServ obligations related to unfunded commitments and standby letters of credit was $1,025,000 at December 31, 2019 and $889,000 at December 31, 2018. Pursuant to its bylaws, the Company provides indemnification to its directors and officers against certain liabilities incurred as a result of their service on behalf of the Company. In connection with this indemnification obligation, the Company can advance on behalf of covered individuals costs incurred in defending against certain claims. Additionally, the Company is also subject to a number of asserted and unasserted potential claims encountered in the normal course of business. In the opinion of the Company, neither the resolution of these claims nor the funding of these credit commitments will have a material adverse effect on the Company’s consolidated financial position, results of operations or cash flows.

STOCK COMPENSATION PLANS

STOCK COMPENSATION PLANS	12 Months Ended
	Dec. 31, 2019
STOCK COMPENSATION PLANS
STOCK COMPENSATION PLANS	20. STOCK COMPENSATION PLANS The Company uses the modified prospective method for accounting for stock-based compensation and recognized $9,000 of pretax compensation expense for the year 2019, $17,000 in 2018 and $20,000 in 2017. During 2011, the Company’s Board adopted, and its shareholders approved, the AmeriServ Financial, Inc. 2011 Stock Incentive Plan (the Plan) authorizing the grant of options or restricted stock covering 800,000 shares of common stock. This Plan replaced the expired 2001 Stock Option Plan. Under the Plan, options or restricted stock can be granted (the Grant Date) to directors, officers, and employees that provide services to the Company and its affiliates, as selected by the compensation committee of the Board. The option price at which a granted stock option may be exercised will not be less than 100% of the fair market value per share of common stock on the Grant Date. The maximum term of any option granted under the Plan cannot exceed 10 years. Generally, options vest over a three-year period and become exercisable in equal installments over the vesting period. At times, options with a one year vesting period may also be issued. A summary of the status of the Company’s Stock Incentive Plan at December 31, 2019, 2018, and 2017, and changes during the years then ended is presented in the table and narrative following: YEAR ENDED DECEMBER 31, 2019 2018 2017 WEIGHTED WEIGHTED WEIGHTED AVERAGE AVERAGE AVERAGE SHARES EXERCISE PRICE SHARES EXERCISE PRICE SHARES EXERCISE PRICE Outstanding at beginning of year $ $ $ Granted 7,000 4.19 5,000 4.22 17,500 3.96 Exercised (40,917) 2.45 (24,408) 2.49 (64,112) 2.49 Forfeited (5,748) 2.44 (5,000) 1.92 (10,233) 3.10 Outstanding at end of year 296,648 3.02 336,313 2.91 360,721 2.85 Exercisable at end of year 282,565 2.96 307,814 2.86 308,301 2.79 Weighted average fair value of options granted in current year $ 0.62 $ 0.56 $ 1.12 A total of 282,565 of the 296,648 options outstanding at December 31, 2019, are exercisable and have exercise prices between $1.70 and $4.22, with a weighted average exercise price of $2.96 and a weighted average remaining contractual life of 4.03 years. The remaining 14,083 options that are not yet exercisable have exercise prices between $3.90 and $4.22, with a weighted average exercise price of $4.14 and a weighted average remaining contractual life of 8.64 years. The fair value of each option grant is estimated on the date of grant using the Binomial or Black-Scholes option pricing model with the following assumptions used for grants in 2019, 2018, and 2017. YEAR ENDED DECEMBER 31 PRICING MODEL ASSUMPTION RANGES 2019 2018 2017 Risk-free interest rate 2.65 % 3.13 % 2.23–2.38 % Expected lives in years 10 10 10 Expected volatility 15.75 % 15.59 % 28.09–28.84 % Expected dividend rate 1.91 % 1.90 % 1.50 % The intrinsic value of stock options exercised was $71,000, $42,000, and $91,000 in 2019, 2018, and 2017, respectively.

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE LOSS	12 Months Ended
	Dec. 31, 2019
ACCUMULATED OTHER COMPREHENSIVE LOSS
Accumulated Other Comprehensive Loss	21. ACCUMULATED OTHER COMPREHENSIVE LOSS The following table presents the changes in each component of accumulated other comprehensive loss, net of tax, for the periods ending December 31, 2019, 2018, and 2017 (in thousands): YEAR ENDING DECEMBER 31, 2019 YEAR ENDING DECEMBER 31, 2018 YEAR ENDING DECEMBER 31, 2017 Net Net Net Unrealized Unrealized Unrealized Gains and Gains and Gains and Losses on Defined Losses on Defined Losses on Defined Investment Benefit Investment Benefit Investment Benefit Securities Pension Securities Pension Securities Pension AFS (1) Items (1) Total (1) AFS (1) Items (1) Total (1) AFS (1) Items (1) Total (1) Beginning balance $ (1,409) $ (12,816) $ (14,225) $ (327) $ (12,623) $ (12,950) $ (171) $ (11,406) $ (11,577) Reclassification of certain income tax effects from accumulated other comprehensive loss — — — — — — (53) (2,078) (2,131) Other comprehensive income (loss) before reclassifications 3,217 (6,373) (3,156) (1,429) (1,416) (2,845) (27) 1,071 1,044 Amounts reclassified from accumulated other comprehensive loss (93) 1,303 1,210 347 1,223 1,570 (76) (210) (286) Net current period other comprehensive income (loss) 3,124 (5,070) (1,946) (1,082) (193) (1,275) (156) (1,217) (1,373) Ending balance $ 1,715 $ (17,886) $ (16,171) $ (1,409) $ (12,816) $ (14,225) $ (327) $ (12,623) $ (12,950) (1) Amounts in parentheses indicate debits on the Consolidated Balance Sheets. The following table presents the amounts reclassified out of each component of accumulated other comprehensive loss for the periods ending December 31, 2019, 2018, and 2017 (in thousands): Amount reclassified from accumulated other comprehensive loss (1) YEAR ENDING YEAR ENDING YEAR ENDING Affected line item in the Details about accumulated other comprehensive loss components DECEMBER 31, 2019 DECEMBER 31, 2018 DECEMBER 31, 2017 statement of operations Realized (gains) losses on sale of securities $ (118) $ 439 $ (115) Net realized (gains) losses on investment securities 25 (92) 39 Provision for income taxes $ (93) $ 347 $ (76) Net of tax Amortization of estimated defined benefit pension plan loss (2) $ 1,649 $ 1,548 $ (318) Other expense (346) (325) 108 Provision for income taxes $ 1,303 $ 1,223 $ (210) Net of tax Total reclassifications for the period $ 1,210 $ 1,570 $ (286) Net income (1) Amounts in parentheses indicate credits. (2) These accumulated other comprehensive loss components are included in the computation of net periodic benefit cost (see Note 18 for additional details).

INTANGIBLE ASSETS

INTANGIBLE ASSETS	12 Months Ended
	Dec. 31, 2019
INTANGIBLE ASSETS
INTANGIBLE ASSETS	22. INTANGIBLE ASSETS The Company’s Consolidated Balance Sheets show both tangible assets (such as loans, buildings, and investments) and intangible assets (such as goodwill). Goodwill has an indefinite life and is not amortized. Instead such intangible is evaluated for impairment at the reporting unit level at least annually. Any resulting impairment would be reflected as a non-interest expense. Of the Company’s goodwill of $11.9 million, $9.5 million is allocated to the community banking segment and $2.4 million relates to the WCCA acquisition which is included in the wealth management segment. The balance of the Company’s goodwill at December 31, 2019 and 2018 was $11.9 million.

DERIVATIVE HEDGING INSTRUMENTS

DERIVATIVE HEDGING INSTRUMENTS	12 Months Ended
	Dec. 31, 2019
DERIVATIVE HEDGING INSTRUMENTS
Derivative Hedging Instruments	23. DERIVATIVE HEDGING INSTRUMENTS The Company can use various interest rate contracts, such as interest rate swaps, caps, floors and swaptions to help manage interest rate and market valuation risk exposure, which is incurred in normal recurrent banking activities. The Company can use derivative instruments, primarily interest rate swaps, to manage interest rate risk and match the rates on certain assets by hedging the fair value of certain fixed rate debt, which converts the debt to variable rates and by hedging the cash flow variability associated with certain variable rate debt by converting the debt to fixed rates. To accommodate the needs of our customers and support the Company’s asset/liability positioning, we may enter into interest rate swap agreements with customers and a large financial institution that specializes in these types of transactions. These arrangements involve the exchange of interest payments based on the notional amounts. The Company entered into floating rate loans and fixed rate swaps with our customers. Simultaneously, the Company entered into offsetting fixed rate swaps with Pittsburgh National Bank (PNC). In connection with each swap transaction, the Company agrees to pay interest to the customer on a notional amount at a variable interest rate and receive interest from the customer on the same notional amount at a fixed interest rate. At the same time, the Company agrees to pay PNC the same fixed interest rate on the same notional amount and receive the same variable interest rate on the same notional amount. These transactions allow the Company’s customers to effectively convert a variable rate loan to a fixed rate. Because the Company acts as an intermediary for its customers, changes in the fair value of the underlying derivative contracts offset each other and do not significantly impact the Company’s results of operations. For the years ended December 31, 2019 and 2018, the Company received $120,000 and $25,000, respectively, in fees on the interest rate swap transactions. These swaps are considered free-standing derivatives and are reported at fair value within Other assets and Other liabilities on the Consolidated Balance Sheets. Disclosures related to the fair value of the swap transactions can be found in Note 15. The following table summarizes the interest rate swap transactions that impacted the Company’s 2019 and 2018 performance (in thousands, except percentages). DECEMBER 31, 2019 INCREASE AGGREGATE WEIGHTED (DECREASE) NOTIONAL AVERAGE RATE REPRICING IN INTEREST HEDGE TYPE AMOUNT RECEIVED/(PAID) FREQUENCY EXPENSE Swap assets Fair Value $ 31,668 4.44 % Monthly $ (18) Swap liabilities Fair Value (31,668) (4.44) Monthly 18 Net exposure — — — DECEMBER 31, 2018 INCREASE AGGREGATE WEIGHTED (DECREASE) NOTIONAL AVERAGE RATE REPRICING IN INTEREST HEDGE TYPE AMOUNT RECEIVED/(PAID) FREQUENCY EXPENSE Swap assets Fair Value $ 19,825 4.31 % Monthly $ (41) Swap liabilities Fair Value (19,825) (4.31) Monthly 41 Net exposure — — — The Company monitors and controls all derivative products with a comprehensive Board of Directors approved Hedging Policy. This policy permits a total maximum notional amount outstanding of $500 million for interest rate swaps, interest rate caps/floors, and swaptions. All hedge transactions must be approved in advance by the Investment Asset/Liability Committee (ALCO) of the Board of Directors, unless otherwise approved, as per the terms, with the Board of Directors approved Hedging Policy. The Company had no caps or floors outstanding at December 31, 2019 and 2018. None of the Company’s derivatives are designated as hedging instruments.

SEGMENT RESULTS

SEGMENT RESULTS	12 Months Ended
	Dec. 31, 2019
SEGMENT RESULTS
Segment Results	24. SEGMENT RESULTS The financial performance of the Company is also monitored by an internal funds transfer pricing profitability measurement system which produces line of business results and key performance measures. The Company’s major business units include community banking, wealth management, and investment/parent. The reported results reflect the underlying economics of the business segments. Expenses for centrally provided services are allocated based upon the cost and estimated usage of those services. The businesses are match-funded and interest rate risk is centrally managed and accounted for within the investment/parent business segment. The key performance measure the Company focuses on for each business segment is net income contribution. The community banking segment includes both retail and commercial banking activities. Retail banking includes the deposit-gathering branch franchise and lending to both individuals and small businesses. Lending activities include residential mortgage loans, direct consumer loans, and small business commercial loans. Commercial banking to businesses includes commercial loans, business services, and CRE loans. The wealth management segment includes the Trust Company, West Chester Capital Advisors (WCCA), our registered investment advisory firm, and Financial Services. Wealth management activities include personal trust products and services such as personal portfolio investment management, estate planning and administration, custodial services and pre-need trusts. Also, institutional trust products and services such as 401(k) plans, defined benefit and defined contribution employee benefit plans, and individual retirement accounts are included in this segment. Financial Services include the sale of mutual funds, annuities, and insurance products. The wealth management businesses also include the union collective investment funds, primarily the ERECT funds which are designed to use union pension dollars in construction projects that utilize union labor. The investment/parent includes the net results of investment securities and borrowing activities, general corporate expenses not allocated to the business segments, interest expense on corporate debt, and centralized interest rate risk management. Inter-segment revenues were not material. The contribution of the major business segments to the Consolidated Statements of Operations were as follows: YEAR ENDED DECEMBER 31, 2019 COMMUNITY WEALTH INVESTMENT/ BANKING MANAGEMENT PARENT TOTAL (IN THOUSANDS) Net interest income $ 40,865 $ 81 $ (5,504) $ 35,442 Provision for loan loss 800 — — 800 Non-interest income 5,407 9,736 (370) 14,773 Non-interest expense 31,856 7,340 2,619 41,815 Income (loss) before income taxes 13,616 2,477 (8,493) 7,600 Income tax expense (benefit) 2,715 593 (1,736) 1,572 Net income (loss) $ 10,901 $ 1,884 $ (6,757) $ 6,028 Total assets $ 981,787 $ 10,361 $ 179,036 $ 1,171,184 YEAR ENDED DECEMBER 31, 2018 COMMUNITY WEALTH INVESTMENT/ BANKING MANAGEMENT PARENT TOTAL (IN THOUSANDS) Net interest income $ 39,195 $ 71 $ (3,772) $ 35,494 Credit provision for loan loss (600) — — (600) Non-interest income 4,832 9,651 (259) 14,224 Non-interest expense 30,809 7,319 2,745 40,873 Income (loss) before income taxes 13,818 2,403 (6,776) 9,445 Income tax expense 2,764 554 (1,641) 1,677 Net income (loss) $ 11,054 $ 1,849 $ (5,135) $ 7,768 Total assets $ 966,910 $ 9,345 $ 184,425 $ 1,160,680 YEAR ENDED DECEMBER 31, 2017 COMMUNITY WEALTH INVESTMENT/ BANKING MANAGEMENT PARENT TOTAL (IN THOUSANDS) Net interest income $ 39,183 $ 61 $ (3,683) $ 35,561 Provision for loan loss 800 — — 800 Non-interest income 5,370 9,170 105 14,645 Non-interest expense 31,139 7,054 2,533 40,726 Income (loss) before income taxes 12,614 2,177 (6,111) 8,680 Income tax expense (benefit) 4,023 812 552 5,387 Net income (loss) $ 8,591 $ 1,365 $ (6,663) $ 3,293 Total assets $ 993,689 $ 8,703 $ 165,263 $ 1,167,655

REGULATORY CAPITAL

REGULATORY CAPITAL	12 Months Ended
	Dec. 31, 2019
REGULATORY CAPITAL
Regulatory Capital	25. REGULATORY CAPITAL The Company is subject to various capital requirements administered by the federal banking agencies. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company must meet specific capital guidelines that involve quantitative measures of the Company’s assets, liabilities, and certain off-balance sheet items as calculated under regulatory accounting practices. The Company’s capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company’s consolidated financial statements. For a more detailed discussion see the Capital Resources section of Management’s Discussion and Analysis of Financial Condition and Results of Operations (MD&A). Quantitative measures established by regulation to ensure capital adequacy require the Company to maintain minimum amounts and ratios (set forth in the table below) of total, Tier 1 capital, and common equity Tier 1 capital to risk-weighted assets and Tier 1 capital to average assets. Additionally, under Basel III rules, the decision was made to opt-out of including accumulated other comprehensive income in regulatory capital. As of December 31, 2019 and 2018, the Company was categorized as Well Capitalized under the regulatory framework for prompt corrective action promulgated by the Federal Reserve. The Company believes that no conditions or events have occurred that would change this conclusion. To be categorized as well capitalized, the Company must maintain minimum total risk-based, common equity Tier 1 risk-based, Tier 1 risk-based, and Tier 1 leverage ratios as set forth in the table. AT DECEMBER 31, 2019 TO BE WELL MINIMUM CAPITALIZED REQUIRED UNDER FOR PROMPT CAPITAL CORRECTIVE ADEQUACY ACTION COMPANY BANK PURPOSES REGULATIONS* AMOUNT RATIO AMOUNT RATIO RATIO RATIO (IN THOUSANDS, EXCEPT RATIOS) Total Capital (To Risk Weighted Assets) $ 132,544 13.49 % $ 119,477 12.23 % 8.00 % 10.00 % Tier 1 Common Equity (To Risk Weighted Assets) 102,841 10.47 109,173 11.17 4.50 6.50 Tier 1 Capital (To Risk Weighted Assets) 114,729 11.68 109,173 11.17 6.00 8.00 Tier 1 Capital (To Average Assets) 114,729 9.87 109,173 9.50 4.00 5.00 AT DECEMBER 31, 2018 TO BE WELL MINIMUM CAPITALIZED REQUIRED UNDER FOR PROMPT CAPITAL CORRECTIVE ADEQUACY ACTION COMPANY BANK PURPOSES REGULATIONS* AMOUNT RATIO AMOUNT RATIO RATIO RATIO (IN THOUSANDS, EXCEPT RATIOS) Total Capital (To Risk Weighted Assets) $ 129,178 13.53 % $ 115,451 12.14 % 8.00 % 10.00 % Tier 1 Common Equity (To Risk Weighted Assets) 100,258 10.50 105,891 11.14 4.50 6.50 Tier 1 Capital (To Risk Weighted Assets) 112,130 11.74 105,891 11.14 6.00 8.00 Tier 1 Capital (To Average Assets) 112,130 9.71 105,891 9.28 4.00 5.00 * Applies to the Bank only. Additionally, while not a regulatory capital ratio, the Company’s tangible common equity ratio (non-GAAP) was 7.48% and 7.49% for 2019 and 2018, respectively. See the discussion of the tangible common equity ratio under the Balance Sheet section of the MD&A.

PARENT COMPANY FINANCIAL INFORM

PARENT COMPANY FINANCIAL INFORMATION	12 Months Ended
	Dec. 31, 2019
PARENT COMPANY FINANCIAL INFORMATION
PARENT COMPANY FINANCIAL INFORMATION	26. PARENT COMPANY FINANCIAL INFORMATION The parent company functions primarily as a coordinating and servicing unit for all subsidiary entities. Provided services include general management, accounting and taxes, loan review, internal auditing, investment advisory, marketing, insurance, risk management, general corporate services, and financial and strategic planning. The following financial information relates only to the parent company operations: BALANCE SHEETS AT DECEMBER 31, 2019 2018 (IN THOUSANDS) ASSETS Cash $ 100 $ 100 Short-term investments in money market funds 2,544 3,711 Cash and cash equivalents 2,644 3,811 Investment securities available for sale 3,758 4,747 Equity investment in banking subsidiary 104,843 103,647 Equity investment in non-banking subsidiaries 7,830 6,745 Other assets 978 208 TOTAL ASSETS $ 120,053 $ 119,158 LIABILITIES Guaranteed junior subordinated deferrable interest debentures $ 12,955 $ 12,939 Subordinated debt 7,511 7,488 Other liabilities 973 754 TOTAL LIABILITIES 21,439 21,181 STOCKHOLDERS’ EQUITY Total stockholders’ equity 98,614 97,977 TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 120,053 $ 119,158 STATEMENTS OF OPERATIONS YEAR ENDED DECEMBER 31, 2019 2018 2017 (IN THOUSANDS) INCOME Inter-entity management and other fees $ 2,556 $ 2,430 $ 2,315 Dividends from banking subsidiary 3,800 3,500 2,850 Dividends from non-banking subsidiaries 1,105 1,190 840 Interest, dividend and other income 186 119 163 TOTAL INCOME 7,647 7,239 6,168 EXPENSE Interest expense 1,642 1,642 1,642 Salaries and employee benefits 2,614 2,610 2,416 Other expense 1,707 1,733 1,618 TOTAL EXPENSE 5,963 5,985 5,676 INCOME BEFORE INCOME TAXES AND EQUITY IN UNDISTRIBUTED EARNINGS OF SUBSIDIARIES 1,684 1,254 492 Benefit for income taxes (676) (722) (1,114) Equity in undistributed earnings of subsidiaries 3,668 5,792 1,687 NET INCOME $ 6,028 $ 7,768 $ 3,293 COMPREHENSIVE INCOME $ 4,082 $ 6,493 $ 4,051 STATEMENTS OF CASH FLOWS YEAR ENDED DECEMBER 31, 2019 2018 2017 (IN THOUSANDS) OPERATING ACTIVITIES Net income $ 6,028 $ 7,768 $ 3,293 Adjustment to reconcile net income to net cash provided by operating activities: Equity in undistributed earnings of subsidiaries (3,668) (5,792) (1,687) Stock compensation expense 7 14 13 Other – net (427) 433 1,325 NET CASH PROVIDED BY OPERATING ACTIVITIES 1,940 2,423 2,944 INVESTING ACTIVITIES Purchase of investment securities – available for sale — (1,002) (1,002) Proceeds from maturity and sales of investment securities – available for sale 1,085 1,462 1,699 NET CASH PROVIDED BY INVESTING ACTIVITIES 1,085 460 697 FINANCING ACTIVITIES Purchases of treasury stock (2,550) (2,346) (3,404) Common stock dividends paid (1,642) (1,347) (1,113) NET CASH USED IN FINANCING ACTIVITIES (4,192) (3,693) (4,517) NET DECREASE IN CASH AND CASH EQUIVALENTS (1,167) (810) (876) CASH AND CASH EQUIVALENTS AT JANUARY 1 3,811 4,621 5,497 CASH AND CASH EQUIVALENTS AT DECEMBER 31 $ 2,644 $ 3,811 $ 4,621 The ability of the subsidiary Bank to upstream cash to the parent company is restricted by regulations. Federal law prevents the parent company from borrowing from its subsidiary Bank unless the loans are secured by specified assets. Further, such secured loans are limited in amount to ten percent of the subsidiary Bank’s capital and surplus. In addition, the Bank is subject to legal limitations on the amount of dividends that can be paid to its shareholder. The dividend limitation generally restricts dividend payments to a bank’s retained net income for the current and preceding two calendar years. Cash may also be upstreamed to the parent company by the subsidiaries as an inter-entity management fee. The subsidiary Bank had a combined $108,228,000 of restricted surplus and retained earnings at December 31, 2019.

SELECTED QUARTERLY CONSOLIDATED

SELECTED QUARTERLY CONSOLIDATED FINANCIAL DATA	12 Months Ended
	Dec. 31, 2019
SELECTED QUARTERLY CONSOLIDATED FINANCIAL DATA
SELECTED QUARTERLY CONSOLIDATED FINANCIAL DATA	27. SELECTED QUARTERLY CONSOLIDATED FINANCIAL DATA (unaudited) The following table sets forth certain unaudited quarterly consolidated financial data regarding the Company: 2019 QUARTER ENDED DEC. 31 SEPT. 30 JUNE 30 MARCH 31 (IN THOUSANDS, EXCEPT PER SHARE DATA) Interest income $ 12,405 $ 12,433 $ 12,765 $ 12,164 Interest expense 3,445 3,669 3,704 3,507 Net interest income 8,960 8,764 9,061 8,657 Provision (credit) for loan losses 975 225 — (400) Net interest income after provision (credit) for loan losses 7,985 8,539 9,061 9,057 Non-interest income 3,416 4,095 3,657 3,605 Non-interest expense 10,563 10,503 10,456 10,293 Income before income taxes 838 2,131 2,262 2,369 Provision for income taxes 169 442 470 491 Net income $ 669 $ 1,689 $ 1,792 $ 1,878 Basic earnings per common share $ 0.04 $ 0.10 $ 0.10 $ 0.11 Diluted earnings per common share 0.04 0.10 0.10 0.11 Cash dividends declared per common share 0.025 0.025 0.025 0.020 2018 QUARTER ENDED DEC. 31 SEPT. 30 JUNE 30 MARCH 31 (IN THOUSANDS, EXCEPT PER SHARE DATA) Interest income $ 12,125 $ 12,149 $ 11,603 $ 11,217 Interest expense 3,346 3,040 2,745 2,469 Net interest income 8,779 9,109 8,858 8,748 Provision (credit) for loan losses (700) — 50 50 Net interest income after provision (credit) for loan losses 9,479 9,109 8,808 8,698 Non-interest income 3,322 3,586 3,681 3,635 Non-interest expense 10,374 10,096 10,292 10,111 Income before income taxes 2,427 2,599 2,197 2,222 Provision for income taxes 499 270 453 455 Net income $ 1,928 $ 2,329 $ 1,744 $ 1,767 Basic earnings per common share $ 0.11 $ 0.13 $ 0.10 $ 0.10 Diluted earnings per common share 0.11 0.13 0.10 0.10 Cash dividends declared per common share 0.020 0.020 0.020 0.015

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2019
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
BUSINESS AND NATURE OF OPERATIONS:	BUSINESS AND NATURE OF OPERATIONS: AmeriServ Financial, Inc. (the Company) is a bank holding company, headquartered in Johnstown, Pennsylvania. Through its banking subsidiary the Company operates 16 banking locations in five southwestern Pennsylvania counties and Hagerstown, Maryland. These branches provide a full range of consumer, mortgage, and commercial financial products. The AmeriServ Trust and Financial Services Company (Trust Company) offers a complete range of trust and financial services and administers assets valued at approximately $2.2 billion that are not recognized on the Company’s Consolidated Balance Sheets at December 31, 2019.
PRINCIPLES OF CONSOLIDATION:	PRINCIPLES OF CONSOLIDATION: The consolidated financial statements include the accounts of AmeriServ Financial, Inc. and its wholly-owned subsidiaries, AmeriServ Financial Bank (the Bank), Trust Company, and AmeriServ Life Insurance Company (AmeriServ Life). The Bank is a state-chartered full service bank with 15 locations in Pennsylvania and 1 location in Maryland. AmeriServ Life is a captive insurance company that engages in underwriting as a reinsurer of credit life and disability insurance. Intercompany accounts and transactions have been eliminated in preparing the Consolidated Financial Statements. The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (generally accepted accounting principles, or GAAP) requires management to make estimates and assumptions that affect the amounts reported in the Consolidated Financial Statements and accompanying notes. Actual results may differ from these estimates and the differences may be material to the Consolidated Financial Statements. The Company’s most significant estimates relate to the allowance for loan losses, goodwill, income taxes, investment securities, pension, and the fair value of financial instruments.
INVESTMENT SECURITIES:	INVESTMENT SECURITIES: Securities are classified at the time of purchase as investment securities held to maturity if it is management’s intent and the Company has the ability to hold the securities until maturity. These held to maturity securities are carried on the Company’s books at cost, adjusted for amortization of premium and accretion of discount which is computed using the level yield method which approximates the effective interest method. Alternatively, securities are classified as available for sale if it is management’s intent at the time of purchase to hold the securities for an indefinite period of time and/or to use the securities as part of the Company’s asset/liability management strategy. Securities classified as available for sale include securities which may be sold to effectively manage interest rate risk exposure, prepayment risk, and other factors (such as liquidity requirements). These available for sale securities are reported at fair value with unrealized aggregate appreciation/depreciation excluded from income and credited/charged to accumulated other comprehensive income/loss within stockholders’ equity on a net of tax basis. Any securities classified as trading assets are reported at fair value with unrealized aggregate appreciation/depreciation included in income on a net of tax basis. The Company does not engage in trading activity. Realized gains or losses on securities sold are computed upon the adjusted cost of the specific securities sold. Available-for-sale and held-to-maturity securities are reviewed quarterly for possible other-than-temporary impairment. The review includes an analysis of the facts and circumstances of each individual investment such as the severity of loss, the length of time the fair value has been below cost, the expectation for that security’s performance, the creditworthiness of the issuer and the Company’s intent and ability to hold the security to recovery. The Company believes the unrealized losses are primarily a result of increases in market yields from the time of purchase. In general, as market yields rise, the value of securities will decrease; as market yields fall, the fair value of securities will increase. Management generally views changes in fair value caused by changes in interest rates as temporary; therefore, these securities have not been classified as other-than-temporarily impaired. Management has also concluded that based on current information we expect to continue to receive scheduled interest payments as well as the entire principal balance. Furthermore, management does not intend to sell these securities and does not believe it will be required to sell these securities before they recover in value.
FEDERAL HOME LOAN BANK STOCK:	FEDERAL HOME LOAN BANK STOCK: The Bank is a member of the Federal Home Loan Bank of Pittsburgh (FHLB) and as such, is required to maintain a minimum investment in stock of the FHLB that varies with the level of advances outstanding with the FHLB. The stock is bought from and sold to the FHLB based upon its $100 par value. The stock does not have a readily determinable fair value and as such is classified as restricted stock, carried at cost and evaluated for impairment by management. The stock’s value is determined by the ultimate recoverability of the par value rather than by recognizing temporary declines. The determination of whether the par value will ultimately be recovered is influenced by criteria such as the following: (1) the significance of the decline in net assets of the FHLB as compared to the capital stock amount and the length of time any such situation has persisted; (2) commitments by the FHLB to make payments required by law or regulation and the level of such payments in relation to the operating performance; (3) the impact of legislative and regulatory changes on the customer base of FHLB; and (4) the liquidity position of the FHLB. Management evaluated the stock and concluded that the stock was not impaired for the periods presented herein.
LOANS:	LOANS: Interest income is recognized using the level yield method related to principal amounts outstanding. The Company discontinues the accrual of interest income when loans become 90 days past due in either principal or interest. In addition, if circumstances warrant, the accrual of interest may be discontinued prior to 90 days. Payments received on non-accrual loans are credited to principal until full recovery of principal has been recognized; or the loan has been returned to accrual status. The only exception to this policy is for residential mortgage loans wherein interest income is recognized on a cash basis as payments are received. A non-accrual commercial loan is placed on accrual status after becoming current and remaining current for twelve consecutive payments. Residential mortgage loans are placed on accrual status upon becoming current.
LOAN FEES:	LOAN FEES: Loan origination and commitment fees, net of associated direct costs, are deferred and amortized into interest and fees on loans over the loan or commitment period. Fee amortization is determined by the effective interest method.
LOANS HELD FOR SALE:	LOANS HELD FOR SALE: Certain newly originated residential mortgage loans are classified as held for sale, because it is management’s intent to sell these residential mortgage loans. The residential mortgage loans held for sale are carried at the lower of aggregate cost or fair value.
TRANSFERS OF FINANCIAL ASSETS:	TRANSFERS OF FINANCIAL ASSETS: Transfers of financial assets are accounted for as sales when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when (1) the assets have been isolated from the Company; (2) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets; and (3) the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity.
PREMISES AND EQUIPMENT:	PREMISES AND EQUIPMENT: Premises and equipment are stated at cost less accumulated depreciation and amortization. Land is carried at cost. Depreciation is charged to operations over the estimated useful lives of the premises and equipment using the straight-line method with a half-year convention. Useful lives of up to 30 years for buildings and up to 10 years for equipment are utilized. Leasehold improvements are amortized using the straight-line method over the terms of the respective leases or useful lives of the improvements, whichever is shorter. Maintenance, repairs, and minor alterations are charged to current operations as expenditures are incurred.
LEASES:	LEASES: The Company has operating and financing leases for several branch locations and office space. Generally, the underlying lease agreements do not contain any material residual value guarantees or material restrictive covenants. Many of our leases include both lease (e.g., minimum rent payments) and non-lease components, such as common area maintenance charges, utilities, real estate taxes, and insurance. The Company has elected to account for the variable non-lease components separately from the lease component. Such variable non-lease components are reported in net occupancy expense on the Consolidated Statements of Operations when incurred. These variable non-lease components were excluded from the calculation of the present value of the remaining lease payments, therefore, they are not included in the right-of-use assets and lease liabilities reported on the Consolidated Balance Sheets. Certain of the Company’s leases contain options to renew the lease after the initial term. Management considers the Company’s historical pattern of exercising renewal options on leases and the performance of the leased locations, when determining whether it is reasonably certain that the leases will be renewed. If management concludes that there is reasonable certainty about the renewal option, it is included in the calculation of the remaining term of each applicable lease. The discount rate utilized in calculating the present value of the remaining lease payments for each lease was the Federal Home Loan Bank of Pittsburgh advance rate corresponding to the remaining maturity of the lease. Under Topic 842, the lessee can elect to not record on the Consolidated Balance Sheets a lease whose term is twelve months or less and does not include a purchase option that the lessee is reasonably certain to exercise. As of December 31, 2019, the Company had one short-term equipment lease which it has elected to not record on the Consolidated Balance Sheets.
ALLOWANCE FOR LOAN LOSSES AND CHARGE-OFF PROCEDURES:	ALLOWANCE FOR LOAN LOSSES AND CHARGE-OFF PROCEDURES: As a financial institution, which assumes lending and credit risks as a principal element of its business, the Company anticipates that credit losses will be experienced in the normal course of business. Accordingly, the Company consistently applies a comprehensive methodology and procedural discipline to perform an analysis which is updated on a quarterly basis at the Bank level to determine both the adequacy of the allowance for loan losses and the necessary provision for loan losses to be charged against earnings. This methodology includes: — Review of all criticized, classified and impaired commercial and commercial real estate loans to determine if any specific reserve allocations are required on an individual loan basis. In addition, consumer and residential mortgage loans with a balance of $150,000 or more are evaluated for impairment and specific reserve allocations are established, if applicable. All required specific reserve allocations are based on careful analysis of the loan’s performance, the related collateral value, cash flow considerations and the financial capability of any guarantor. For impaired loans the measurement of impairment may be based upon (1) the present value of expected future cash flows discounted at the loan’s effective interest rate; (2) the observable market price of the impaired loan; or (3) the fair value of the collateral of a collateral dependent loan. — The application of formula driven reserve allocations for all commercial and commercial real estate loans by using a three-year migration analysis of net losses incurred within each risk grade for the entire commercial loan portfolio. The difference between estimated and actual losses is reconciled through the nature of the migration analysis. — The application of formula driven reserve allocations to consumer and residential mortgage loans which are based upon historical net charge-off experience for those loan types. The residential mortgage loan and consumer loan allocations are based upon the Company’s three-year historical average of actual loan net charge-offs experienced in each of those categories. — The application of formula driven reserve allocations to all outstanding loans is based upon review of historical losses and qualitative factors, which include but are not limited to, economic trends, delinquencies, levels of non-accrual and TDR loans, concentrations of credit, trends in loan volume, experience and depth of management, examination and audit results, effects of any changes in lending policies and trends in policy, financial information and documentation exceptions. — Management recognizes that there may be events or economic factors that have occurred affecting specific borrowers or segments of borrowers that may not yet be fully reflected in the information that the Company uses for arriving at reserves for a specific loan or portfolio segment. Therefore, the Company believes that there is estimation risk associated with the use of specific and formula driven allowances. After completion of this process, a formal meeting of the Loan Loss Reserve Committee is held to evaluate the adequacy of the reserve. When it is determined that the prospects for recovery of the principal of a loan have significantly diminished, the loan is charged against the allowance account; subsequent recoveries, if any, are credited to the allowance account. In addition, non-accrual and large delinquent loans are reviewed monthly to determine potential losses. The Company’s policy is to individually review, as circumstances warrant, its commercial and commercial mortgage loans to determine if a loan is impaired. At a minimum, credit reviews are mandatory for all commercial and commercial mortgage loan relationships with aggregate balances in excess of $1,000,000 within a 12‑month period. The Company defines classified loans as those loans rated substandard or doubtful. The Company has also identified three pools of small dollar value homogeneous loans which are evaluated collectively for impairment. These separate pools are for small business relationships with aggregate balances of $250,000 or less, residential mortgage loans and consumer loans. Individual loans within these pools are reviewed and evaluated for specific impairment if factors such as significant delinquency in payments of 90 days or more, bankruptcy, or other negative economic concerns indicate impairment.
ALLOWANCE FOR UNFUNDED LOAN COMMITMENTS AND LETTERS OF CREDIT:	ALLOWANCE FOR UNFUNDED LOAN COMMITMENTS AND LETTERS OF CREDIT: The allowance for unfunded loan commitments and letters of credit is maintained at a level believed by management to be sufficient to absorb estimated losses related to these unfunded credit facilities. The determination of the adequacy of the allowance is based on periodic evaluations of the unfunded credit facilities including an assessment of the probability of commitment usage, credit risk factors for loans outstanding to these same customers and the terms and expiration dates of the unfunded credit facilities. Net adjustments to the allowance for unfunded loan commitments and letters of credit are provided for in the unfunded commitment reserve expense line item within Other expense in the Consolidated Statements of Operations and a separate reserve is recorded within the Other liabilities line item of the Consolidated Balance Sheets.
BANK-OWNED LIFE INSURANCE:	BANK-OWNED LIFE INSURANCE: The Company has purchased life insurance policies on certain employees. These policies are recorded on the Consolidated Balance Sheets at their cash surrender value, or the amount that can be realized. Income from these policies and changes in the cash surrender value are recorded in Bank owned life insurance within non-interest income.
INTANGIBLE ASSETS:	INTANGIBLE ASSETS: Goodwill arising from business combinations represents the value attributable to unidentifiable intangible elements in the business acquired. The Company accounts for goodwill using a two-step process for testing the impairment of goodwill on at least an annual basis. This approach could cause more volatility in the Company’s reported net income because impairment losses, if any, could occur irregularly and in varying amounts.
EARNINGS PER COMMON SHARE:	EARNINGS PER COMMON SHARE: Basic earnings per share include only the weighted average common shares outstanding. Diluted earnings per share include the weighted average common shares outstanding and any potentially dilutive common stock equivalent shares in the calculation. Treasury shares are treated as retired for earnings per share purposes. Options to purchase 12,000, 5,000, and 10,000 shares of common stock were outstanding during 2019, 2018 and 2017, respectively, but were not included in the computation of diluted earnings per common share because to do so would be anti-dilutive. Exercise prices of anti-dilutive options to purchase common stock outstanding were $4.19-$4.22, $4.22, and $4.00 during 2019, 2018 and 2017, respectively. YEAR ENDED DECEMBER 31, 2019 2018 2017 (IN THOUSANDS, EXCEPT PER SHARE DATA) Numerator: Net income $ 6,028 $ 7,768 $ 3,293 Denominator: Weighted average common shares outstanding (basic) 17,359 17,933 18,498 Effect of stock options 81 104 102 Weighted average common shares outstanding (diluted) 17,440 18,037 18,600 Earnings per common share: Basic $ 0.35 $ 0.43 $ 0.18 Diluted 0.35 0.43 0.18
STOCK-BASED COMPENSATION:	STOCK-BASED COMPENSATION: The Company uses the modified prospective method for accounting of stock-based compensation. The fair value of each option grant is estimated on the grant date using the Binomial option pricing model and the expense is recognized ratably over the service period. Forfeitures are recognized as they occur. See Note 20 for details on the assumptions used.
ACCUMULATED OTHER COMPREHENSIVE LOSS:	ACCUMULATED OTHER COMPREHENSIVE LOSS: The Company presents the components of other comprehensive income (loss) in the Consolidated Statements of Comprehensive Income (Loss). These components are comprised of the change in the defined benefit pension obligation and the unrealized holding gains (losses) on available for sale securities, net of any reclassification adjustments for realized gains and losses.
CONSOLIDATED STATEMENT OF CASH FLOWS:	CONSOLIDATED STATEMENT OF CASH FLOWS: On a consolidated basis, cash and cash equivalents include cash and due from depository institutions, interest bearing deposits, and short-term investments in money market funds. The Company made $785,000 in income tax payments in 2019; $875,000 in 2018; and $1,075,000 in 2017. The Company had non-cash transfers to other real estate owned (OREO) in the amounts of $75,000 in 2019; $166,000 in 2018; and $77,000 in 2017. As a result of the adoption of ASU 2016-02, Leases (Topic 842) as of January 1, 2019, the Company had non-cash transactions associated with the recognition of the right-of-use assets and lease liabilities. Specifically, the Company recognized a right-of-use asset and lease liability of $932,000 related to operating leases and a right-of-use asset and lease liability of $3.3 million related to financing leases. In addition, as a result of the adoption of ASU 2014-09, Revenue from Contracts with Customers (Topic 606), the Company had a non-cash transaction in the amount of $640,000 associated with the recognition of a receivable for wealth management fees as of December 31, 2019. The Company also had a non-cash transfer of the AMT credit carryforward to other assets in the amount of $287,000 in 2018. The Company made total interest payments of $13,779,000 in 2019; $11,298,000 in 2018; and $8,681,000 in 2017.
INCOME TAXES:	INCOME TAXES: Deferred tax assets or liabilities are computed based on the difference between the financial statement and income tax basis of assets and liabilities using the enacted marginal tax rate. Deferred income tax expenses or credits are based on the changes in the corresponding asset or liability from period to period. Deferred tax assets are reduced, if necessary, by the amounts of such benefits that are not expected to be realized based upon available evidence.
INTEREST RATE CONTRACTS:	INTEREST RATE CONTRACTS: The Company recognizes all derivatives as either assets or liabilities on the Consolidated Balance Sheets and measures those instruments at fair value. For derivatives designated as fair value hedges, changes in the fair value of the derivative and hedged item related to the hedged risk are recognized in earnings. Changes in fair value of derivatives designated and accounted as cash flow hedges, to the extent they are effective as hedges, are recorded in “Other Comprehensive Income,” net of deferred taxes and are subsequently reclassified to earnings when the hedged transaction affects earnings. Any hedge ineffectiveness would be recognized in the income statement line item pertaining to the hedged item. The Company periodically enters into derivative instruments to meet the financing, interest rate and equity risk management needs of its customers. Upon entering into these instruments to meet customer needs, the Company enters into offsetting positions to minimize interest rate and equity risk to the Company. These derivative financial instruments are reported at fair value with any resulting gain or loss recorded in current period earnings. These instruments and their offsetting positions are recorded in Other assets and Other liabilities on the Consolidated Balance Sheets.
PENSION:	PENSION: Pension costs and liabilities are dependent on assumptions used in calculating such amounts. These assumptions include discount rates, benefits earned, interest costs, expected return on plan assets, mortality rates, and other factors. In accordance with GAAP, actual results that differ from the assumptions are accumulated and amortized over future periods and, therefore, generally affect recognized expense and the recorded obligation of future periods. While management believes that the assumptions used are appropriate, differences in actual experience or changes in assumptions may affect the Company’s pension obligations and future expense. The service cost component of net periodic benefit cost is determined by aggregating the product of the discounted cash flows of the plan’s service cost for each year and an individual spot rate (referred to as the “spot rate” approach). The interest cost component is determined by aggregating the product of the discounted cash flows of the plan’s projected benefit obligations for each year and an individual spot rate. Management believes this methodology an appropriate measure of the service cost and interest cost as each year’s cash flows are specifically linked to the interest rates of bond payments in the same respective year. Our pension benefits are described further in Note 18 of the Notes to Consolidated Financial Statements.
FAIR VALUE OF FINANCIAL INSTRUMENTS:	FAIR VALUE OF FINANCIAL INSTRUMENTS: We group our assets at fair value in three levels, based on the markets in which the assets are traded and the reliability of the assumptions used to determine fair value. These levels are: Level I — Valuation is based upon quoted prices for identical instruments traded in active markets. Level II — Valuation is based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques for which all significant assumptions are observable in the market. Level III — Valuation is generated from model-based techniques that use significant assumptions not observable in the market. These unobservable assumptions reflect the Company’s own estimates of assumptions that market participants would use in pricing the asset. We base our fair values on 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. It is our policy to maximize the use of observable inputs and minimize the use of unobservable inputs when developing fair value measurements, in accordance with the fair value hierarchy in generally accepted accounting principles.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2019
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Schedule of Earnings Per Common Share	YEAR ENDED DECEMBER 31, 2019 2018 2017 (IN THOUSANDS, EXCEPT PER SHARE DATA) Numerator: Net income $ 6,028 $ 7,768 $ 3,293 Denominator: Weighted average common shares outstanding (basic) 17,359 17,933 18,498 Effect of stock options 81 104 102 Weighted average common shares outstanding (diluted) 17,440 18,037 18,600 Earnings per common share: Basic $ 0.35 $ 0.43 $ 0.18 Diluted 0.35 0.43 0.18

REVENUE RECOGNITION (Tables)

REVENUE RECOGNITION (Tables)	12 Months Ended
	Dec. 31, 2019
REVENUE RECOGNITION
Schedule of non-interest income, segregated by revenue	The following presents non-interest income, segregated by revenue streams in-scope and out-of-scope of Topic 606, for the years ended December 31, 2019, 2018, and 2017 (in thousands). AT DECEMBER 31, 2019 2018 2017 Non-interest income: In-scope of Topic 606 Wealth management fees $ 9,730 $ 9,659 $ 9,170 Service charges on deposit accounts 1,271 1,420 1,581 Other 1,759 1,720 1,665 Non-interest income (in-scope of topic 606) 12,760 12,799 12,416 Non-interest income (out-of-scope of topic 606) 2,013 1,425 2,229 Total non-interest income $ 14,773 $ 14,224 $ 14,645

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	12 Months Ended
	Dec. 31, 2019
INVESTMENT SECURITIES
Schedule of cost basis and fair values of investment securities	The cost basis and fair values of investment securities are summarized as follows: Investment securities available for sale: AT DECEMBER 31, 2019 GROSS GROSS UNREALIZED UNREALIZED FAIR COST BASIS GAINS LOSSES VALUE (IN THOUSANDS) U.S. Agency $ 5,084 $ 32 $ — $ 5,116 Municipal 14,678 509 (17) 15,170 Corporate bonds 39,769 342 (281) 39,830 U.S. Agency mortgage-backed securities 80,046 1,681 (94) 81,633 Total $ 139,577 $ 2,564 $ (392) $ 141,749 Investment securities held to maturity: AT DECEMBER 31, 2019 GROSS GROSS UNREALIZED UNREALIZED FAIR COST BASIS GAINS LOSSES VALUE (IN THOUSANDS) U.S. Agency mortgage-backed securities $ 9,466 $ 251 $ (4) $ 9,713 Municipal 24,438 941 (53) 25,326 Corporate bonds and other securities 6,032 58 (47) 6,043 Total $ 39,936 $ 1,250 $ (104) $ 41,082 Investment securities available for sale: AT DECEMBER 31, 2018 GROSS GROSS UNREALIZED UNREALIZED FAIR COST BASIS GAINS LOSSES VALUE (IN THOUSANDS) U.S. Agency $ 7,685 $ 4 $ (160) $ 7,529 Municipal 13,301 114 (234) 13,181 Corporate bonds 37,359 131 (996) 36,494 U.S. Agency mortgage-backed securities 90,169 516 (1,158) 89,527 Total $ 148,514 $ 765 $ (2,548) $ 146,731 Investment securities held to maturity: AT DECEMBER 31, 2018 GROSS GROSS UNREALIZED UNREALIZED FAIR COST BASIS GAINS LOSSES VALUE (IN THOUSANDS) U.S. Agency mortgage-backed securities $ 9,983 $ 78 $ (132) $ 9,929 Municipal 24,740 131 (404) 24,467 Corporate bonds and other securities 6,037 13 (122) 5,928 Total $ 40,760 $ 222 $ (658) $ 40,324
Schedule of investment securities	Investment securities available for sale: AT DECEMBER 31, 2019 TOTAL U.S. AGENCY INVESTMENT MORTGAGE- SECURITIES CORPORATE BACKED AVAILABLE FOR U. S. AGENCY MUNICIPAL BONDS SECURITIES SALE (IN THOUSANDS, EXCEPT YIELDS) COST BASIS Within 1 year $ — — % $ 500 2.25 % $ 1,500 3.10 % $ — — % $ 2.89 % After 1 year but within 5 years — — 3,121 3.09 18,695 2.46 3.33 After 5 years but within 10 years 2,557 2.93 11,057 3.26 19,574 2.99 3.59 After 10 years but within15 years — — — — — — 23,018 2.83 2.83 Over 15 years 2,527 2.68 — — — — 47,946 2.90 2.89 Total $ 5,084 2.81 $ 14,678 3.19 $ 39,769 $ 2.88 $ 139,577 3.16 FAIR VALUE Within 1 year $ — $ 500 $ $ — $ After 1 year but within 5 years — 3,179 After 5 years but within 10 years 2,570 11,491 After 10 years but within15 years — — — 23,538 Over 15 years 2,546 — — 48,807 Total $ 5,116 $ 15,170 $ $ $ 141,749 Investment securities held to maturity: AT DECEMBER 31, 2019 U.S. AGENCY MORTGAGE- TOTAL INVESTMENT BACKED CORPORATE SECURITIES SECURITIES MUNICIPAL BONDS AND OTHER HELD TO MATURITY (IN THOUSANDS, EXCEPT YIELDS) COST BASIS Within 1 year $ — — % $ — — % $ — — % $ — — % After 1 year but within 5 years 2.50 3.33 2.95 2.96 After 5 years but within 10 years — — 3.37 4.40 3.53 After 10 years but within15 years 3.62 4.10 — — 3.95 Over 15 years 3.30 3.50 — — 3.31 Total $ 3.21 $ 3.52 $ 3.68 $ 39,936 3.47 FAIR VALUE Within 1 year $ — $ — $ — $ — After 1 year but within 5 years 2,644 After 5 years but within 10 years — After 10 years but within15 years — Over 15 years 5,351 — Total $ $ $ $ 41,082
Schedule of investments with unrealized losses	The following table presents information concerning investments with unrealized losses as of December 31, 2019 (in thousands): Total investment securities: LESS THAN 12 MONTHS 12 MONTHS OR LONGER TOTAL FAIR UNREALIZED FAIR UNREALIZED FAIR UNREALIZED VALUE LOSSES VALUE LOSSES VALUE LOSSES U.S. Agency $ — $ — $ — $ — $ — $ — U.S. Agency mortgage-backed securities (23) (75) (98) Municipal (18) (52) (70) Corporate bonds and other securities (85) (243) (328) Total $ $ (126) $ 21,468 $ (370) $ $ (496) The following table presents information concerning investments with unrealized losses as of December 31, 2018 (in thousands): Total investment securities: LESS THAN 12 MONTHS 12 MONTHS OR LONGER TOTAL FAIR UNREALIZED FAIR UNREALIZED FAIR UNREALIZED VALUE LOSSES VALUE LOSSES VALUE LOSSES U.S. Agency $ 244 $ (6) $ 5,631 $ (154) $ 5,875 $ (160) U.S. Agency mortgage-backed securities 17,718 (177) 39,983 (1,113) 57,701 (1,290) Municipal 6,601 (71) 15,880 (567) 22,481 (638) Corporate bonds and other securities 15,221 (440) 17,038 (678) 32,259 (1,118) Total $ 39,784 $ (694) $ 78,532 $ (2,512) $ 118,316 $ (3,206)

LOANS (Tables)

LOANS (Tables)	12 Months Ended
	Dec. 31, 2019
LOANS
Schedule of loan portfolio	The loan portfolio of the Company consisted of the following: AT DECEMBER 31, 2019 2018 (IN THOUSANDS) Commercial: Commercial and industrial $ $ 158,279 Commercial loans secured by owner occupied real estate 91,655 91,905 Commercial loans secured by non-owner occupied real estate 356,543 Real estate − residential mortgage 237,964 Consumer 17,591 Loans, net of unearned income $ $ 862,282

ALLOWANCE FOR LOAN LOSSES (Tabl

ALLOWANCE FOR LOAN LOSSES (Tables)	12 Months Ended
	Dec. 31, 2019
ALLOWANCE FOR LOAN LOSSES
Schedule of Loan losses by portfolio segment	The following table summarizes the rollforward of the allowance for loan losses by portfolio segment (in thousands). BALANCE AT CHARGE- PROVISION BALANCE AT DECEMBER 31, 2018 OFFS RECOVERIES (CREDIT) DECEMBER 31, 2019 Commercial $ 3,057 $ (9) $ 22 $ 881 $ 3,951 Commercial loans secured by non-owner occupied real estate 3,389 (63) 48 (255) 3,119 Real estate − residential mortgage 1,235 (98) 118 (96) 1,159 Consumer 127 (262) 52 209 126 Allocation for general risk 863 — - 61 924 Total $ 8,671 $ (432) $ 240 $ 800 $ 9,279 BALANCE AT CHARGE- PROVISION BALANCE AT DECEMBER 31, 2017 OFFS RECOVERIES (CREDIT) DECEMBER 31, 2018 Commercial $ 4,298 $ (574) $ 31 $ (698) $ 3,057 Commercial loans secured by non-owner occupied real estate 3,666 — 51 (328) 3,389 Real estate − residential mortgage 1,102 (380) 119 394 1,235 Consumer 128 (251) 61 189 127 Allocation for general risk 1,020 — — (157) 863 Total $ 10,214 $ (1,205) $ 262 $ (600) $ 8,671 BALANCE AT CHARGE- BALANCE AT DECEMBER 31, 2016 OFFS RECOVERIES PROVISION DECEMBER 31, 2017 Commercial $ 4,041 $ (311) $ 27 $ 541 $ 4,298 Commercial loans secured by non-owner occupied real estate 3,584 (132) 56 158 3,666 Real estate − residential mortgage 1,169 (313) 207 39 1,102 Consumer 151 (172) 120 29 128 Allocation for general risk 987 — — 33 1,020 Total $ 9,932 $ (928) $ 410 $ 800 $ 10,214
Schedule of Loan loss by the primary segments	The following tables summarize the loan portfolio and allowance for loan loss by the primary segments of the loan portfolio. AT DECEMBER 31, 2019 (IN THOUSANDS) COMMERCIAL LOANS SECURED BY NON- REAL ESTATE − OWNER OCCUPIED RESIDENTIAL Loans: COMMERCIAL REAL ESTATE MORTGAGE CONSUMER TOTAL Individually evaluated for impairment $ 816 $ 8 $ — $ — $ 824 Collectively evaluated for impairment 264,761 363,627 235,239 18,255 881,882 Total loans $ 265,577 $ 363,635 $ 235,239 $ 18,255 $ 882,706 AT DECEMBER 31, 2019 (IN THOUSANDS) COMMERCIAL LOANS ALLOCATION SECURED BY NON- REAL ESTATE − FOR OWNER OCCUPIED RESIDENTIAL GENERAL Allowance for loan losses: COMMERCIAL REAL ESTATE MORTGAGE CONSUMER RISK TOTAL Specific reserve allocation $ 84 $ 8 $ — $ — $ — $ 92 General reserve allocation 3,867 3,111 1,159 126 924 9,187 Total allowance for loan losses $ 3,951 $ 3,119 $ 1,159 $ 126 $ 924 $ 9,279 AT DECEMBER 31, 2018 (IN THOUSANDS) COMMERCIAL LOANS SECURED BY NON- REAL ESTATE − OWNER OCCUPIED RESIDENTIAL Loans: COMMERCIAL REAL ESTATE MORTGAGE CONSUMER TOTAL Individually evaluated for impairment $ — $ 11 $ — $ — $ 11 Collectively evaluated for impairment 250,184 356,532 237,964 17,591 862,271 Total loans $ 250,184 $ 356,543 $ 237,964 $ 17,591 $ 862,282 AT DECEMBER 31, 2018 (IN THOUSANDS) COMMERCIAL LOANS ALLOCATION SECURED BY NON- REAL ESTATE − FOR OWNER OCCUPIED RESIDENTIAL GENERAL Allowance for loan losses: COMMERCIAL REAL ESTATE MORTGAGE CONSUMER RISK TOTAL Specific reserve allocation $ — $ 11 $ — $ — $ — $ 11 General reserve allocation 3,057 3,378 1,235 127 863 8,660 Total allowance for loan losses $ 3,057 $ 3,389 $ 1,235 $ 127 $ 863 $ 8,671
Schedule of Present impaired loans by portfolio segment	The following tables present impaired loans by portfolio segment, segregated by those for which a specific allowance was required and those for which a specific allowance was not necessary. AT DECEMBER 31, 2019 IMPAIRED LOANS WITH IMPAIRED LOANS WITH NO SPECIFIC SPECIFIC ALLOWANCE ALLOWANCE TOTAL IMPAIRED LOANS UNPAID RECORDED RELATED RECORDED RECORDED PRINCIPAL INVESTMENT ALLOWANCE INVESTMENT INVESTMENT BALANCE (IN THOUSANDS) Commercial $ 816 $ 84 $ — $ 816 $ 816 Commercial loans secured by non-owner occupied real estate 8 8 — 8 30 Total impaired loans $ 824 $ 92 $ — $ 824 $ 846 AT DECEMBER 31, 2018 IMPAIRED LOANS WITH IMPAIRED LOANS WITH NO SPECIFIC SPECIFIC ALLOWANCE ALLOWANCE TOTAL IMPAIRED LOANS UNPAID RECORDED RELATED RECORDED RECORDED PRINCIPAL INVESTMENT ALLOWANCE INVESTMENT INVESTMENT BALANCE (IN THOUSANDS) Commercial loans secured by non-owner occupied real estate $ 11 $ 11 $ — $ 11 $ 33 Total impaired loans $ 11 $ 11 $ — $ 11 $ 33
Schedule of Investment in impaired loans and related interest income	The following table presents the average recorded investment in impaired loans and related interest income recognized for the periods indicated. YEAR ENDED DECEMBER 31, 2019 2018 2017 (IN THOUSANDS) Average impaired balance: Commercial $ 597 $ 228 $ 1,075 Commercial loans secured by non-owner occupied real estate 10 12 838 Average investment in impaired loans $ 607 $ 240 $ 1,913 Interest income recognized: Commercial $ 30 $ — $ 12 Commercial loans secured by non-owner occupied real estate — — — Interest income recognized on a cash basis on impaired loans $ 30 $ — $ 12
Schedule of Commercial and commercial real estate loan portfolios	The following table presents the classes of the commercial and commercial real estate loan portfolios summarized by the aggregate Pass and the criticized categories of Special Mention, Substandard and Doubtful within the internal risk rating system. AT DECEMBER 31, 2019 SPECIAL PASS MENTION SUBSTANDARD DOUBTFUL TOTAL (IN THOUSANDS) Commercial and industrial $ 161,147 $ 853 $ 11,922 $ — $ 173,922 Commercial loans secured by owner occupied real estate 88,942 1,384 1,329 — 91,655 Commercial loans secured by non-owner occupied real estate 362,027 — 1,600 8 363,635 Total $ 612,116 $ 2,237 $ 14,851 $ 8 $ 629,212 AT DECEMBER 31, 2018 SPECIAL PASS MENTION SUBSTANDARD DOUBTFUL TOTAL (IN THOUSANDS) Commercial and industrial $ 154,510 $ 2,089 $ 1,680 $ — $ 158,279 Commercial loans secured by owner occupied real estate 86,997 3,769 1,139 — 91,905 Commercial loans secured by non-owner occupied real estate 349,954 6,316 262 11 356,543 Total $ 591,461 $ 12,174 $ 3,081 $ 11 $ 606,727
Schedule of Residential and consumer portfolio	The following tables present the performing and non-performing outstanding balances of the residential and consumer portfolio classes. AT DECEMBER 31, 2019 NON- PERFORMING PERFORMING TOTAL (IN THOUSANDS) Real estate – residential mortgage $ 233,760 $ 1,479 $ 235,239 Consumer 18,255 — 18,255 Total $ 252,015 $ 1,479 $ 253,494 AT DECEMBER 31, 2018 NON- PERFORMING PERFORMING TOTAL (IN THOUSANDS) Real estate – residential mortgage $ 236,754 $ 1,210 $ 237,964 Consumer 17,591 — 17,591 Total $ 254,345 $ 1,210 $ 255,555
Schedule of Credit quality of the loan portfolio	The following tables present the classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans. AT DECEMBER 31, 2019 90 DAYS 30 – 59 60 – 89 PAST DUE DAYS DAYS 90 DAYS TOTAL TOTAL AND STILL CURRENT PAST DUE PAST DUE PAST DUE PAST DUE LOANS ACCRUING (IN THOUSANDS) Commercial and industrial $ 173,922 $ — $ — $ — $ — $ 173,922 $ — Commercial loans secured by owner occupied real estate 91,538 117 — — 117 91,655 — Commercial loans secured by non-owner occupied real estate 363,635 — — — — 363,635 — Real estate – residential mortgage 231,022 2,331 864 1,022 4,217 235,239 — Consumer 18,190 42 23 — 65 18,255 — Total $ 878,307 $ 2,490 $ 887 $ 1,022 $ 4,399 $ 882,706 $ — AT DECEMBER 31, 2018 90 DAYS 30 – 59 60 – 89 PAST DUE DAYS DAYS 90 DAYS TOTAL TOTAL AND STILL CURRENT PAST DUE PAST DUE PAST DUE PAST DUE LOANS ACCRUING (IN THOUSANDS) Commercial and industrial $ 158,279 $ — $ — $ — $ — $ 158,279 $ — Commercial loans secured by owner occupied real estate 91,905 — — — — 91,905 — Commercial loans secured by non-owner occupied real estate 355,963 580 — — 580 356,543 — Real estate – residential mortgage 232,465 3,651 472 1,376 5,499 237,964 — Consumer 17,408 153 30 — 183 17,591 — Total $ 856,020 $ 4,384 $ 502 $ 1,376 $ 6,262 $ 862,282 $ —

NON-PERFORMING ASSETS INCLUDI_2

NON-PERFORMING ASSETS INCLUDING TROUBLED DEBT RESTRUCTURINGS (Tables)	12 Months Ended
	Dec. 31, 2019
NON-PERFORMING ASSETS INCLUDING TROUBLED DEBT RESTRUCTURINGS
Schedule of nonperforming assets including trouble debt restructurings	The following table presents information concerning non-performing assets including TDR: AT DECEMBER 31, 2019 2018 (IN THOUSANDS, EXCEPT PERCENTAGES) Non-accrual loans: Commercial loans secured by non-owner occupied real estate $ 8 $ 11 Real estate – residential mortgage 1,479 1,210 Total 1,487 1,221 Other real estate owned: Commercial loans secured by owner occupied real estate — 157 Real estate – residential mortgage 37 — Total 37 157 TDR’s not in non-accrual 815 — Total non-performing assets including TDR $ 2,339 $ 1,378 Total non-performing assets as a percent of loans, net of unearned income, and other real estate owned 0.26 % 0.16 %
Schedule of troubled debt restructurings on financing receivables	The following table details the loans modified in TDRs during the year ended December 31, 2019 (dollars in thousands). Loans in accrual status # of Loans Current Balance Concession Granted Commercial and industrial 2 $ 816 Extension of maturity date with a below market interest rate Loans in non-accrual status Commercial loan secured by non-owner occupied real estate 1 8 Extension of maturity date The following table details the loans modified in TDRs during the year ended December 31, 2018 (dollars in thousands). Loans in non-accrual status # of Loans Current Balance Concession Granted Commercial loan secured by non-owner occupied real estate 1 $ 11 Extension of maturity date

PREMISES AND EQUIPMENT (Tables)

PREMISES AND EQUIPMENT (Tables)	12 Months Ended
	Dec. 31, 2019
PREMISES AND EQUIPMENT
Schedule of premises and equipment	An analysis of premises and equipment follows: AT DECEMBER 31, 2019 2018 (IN THOUSANDS) Land $ 1,198 $ 1,198 Premises 27,711 27,160 Furniture and equipment 8,632 9,085 Leasehold improvements 1,174 461 Total at cost 38,715 37,904 Less: Accumulated depreciation and amortization 24,072 24,556 Premises and equipment, net $ 14,643 $ 13,348

LEASE COMMITMENTS (Tables)

LEASE COMMITMENTS (Tables)	12 Months Ended
	Dec. 31, 2019
LEASE COMMITMENTS
Schedule of lease cost associated with both operating and financing leases	Total rent expense recorded during the years ended December 31, 2018 and 2017 was $415,000 and $571,000, respectively. YEAR ENDED DECEMBER 31, 2019 Lease cost Financing lease cost: Amortization of right-of-use asset $ 258 Interest expense 117 Operating lease cost 117 Total lease cost $ 492
Schedule of weighted average discount rates and the remaining term of the leases	The following table presents the weighted-average remaining lease term and discount rate for the leases outstanding at December 31, 2019. OPERATING FINANCING Weighted-average remaining term (years) 11.9 17.1 Weighted-average discount rate 3.46 % 3.60 %
Schedule of reconciliation to the discounted amount recorded on the consolidated balance sheets	The following table presents the undiscounted cash flows due related to operating and financing leases as of December 31, 2019, along with a reconciliation to the discounted amount recorded on the Consolidated Balance Sheets. OPERATING FINANCING Undiscounted cash flows due: Within 1 year $ 118 $ 296 After 1 year but within 2 years 120 275 After 2 years but within 3 years 98 277 After 3 years but within 4 years 69 274 After 4 years but within 5 years 69 236 After 5 years 589 3,007 Total undiscounted cash flows 1,063 4,365 Discount on cash flows (198) (1,202) Total lease liabilities $ 865 $ 3,163

DEPOSITS (Tables)

DEPOSITS (Tables)	12 Months Ended
	Dec. 31, 2019
DEPOSITS
Schedule of company's deposits	The following table sets forth the balance of the Company’s deposits: AT DECEMBER 31, 2019 2018 (IN THOUSANDS) Demand: Non-interest bearing $ 136,462 $ 150,627 Interest bearing 177,767 169,151 Savings 95,933 97,406 Money market 208,343 221,398 Certificates of deposit in denominations of $100,000 or more 38,770 34,841 Other time 303,238 275,748 Total deposits $ 960,513 $ 949,171
Schedule of time deposit maturities	The following table sets forth the balance of other time deposits and certificates of deposit of $100,000 or more as of December 31, 2019 maturing in the periods presented: CERTIFICATES OF DEPOSIT YEAR: OTHER TIME DEPOSITS OF $100,000 OR MORE TOTAL (IN THOUSANDS) 2020 $ 143,337 $ 33,445 $ 176,782 2021 102,425 4,818 107,243 2022 19,740 107 19,847 2023 20,242 400 20,642 2024 11,473 — 11,473 2025 and after 6,021 — 6,021 Total $ 303,238 $ 38,770 $ 342,008

SHORT-TERM BORROWINGS (Tables)

SHORT-TERM BORROWINGS (Tables)	12 Months Ended
	Dec. 31, 2019
SHORT-TERM BORROWINGS
Schedule of short-term borrowings	Short-term borrowings, which consist of federal funds purchased and other short-term borrowings are summarized as follows: AT DECEMBER 31, 2019 FEDERAL FUNDS SHORT-TERM PURCHASED BORROWINGS (IN THOUSANDS, EXCEPT RATES) Balance $ — $ 22,412 Maximum balance at any month end — 49,615 Average balance during year 58 11,030 Average rate paid for the year 3.04 % 2.59 % Interest rate on year-end balance — 1.81 AT DECEMBER 31, 2018 FEDERAL FUNDS SHORT-TERM PURCHASED BORROWINGS (IN THOUSANDS, EXCEPT RATES) Balance $ — $ 41,029 Maximum balance at any month end — 82,932 Average balance during year 54 33,073 Average rate paid for the year 1.70 % 2.17 % Interest rate on year-end balance — 2.62 AT DECEMBER 31, 2017 FEDERAL OTHER FUNDS SHORT-TERM PURCHASED BORROWINGS (IN THOUSANDS, EXCEPT RATES) Balance $ — $ 49,084 Maximum balance at any month end — 51,760 Average balance during year 54 16,918 Average rate paid for the year 0.95 % 1.21 % Interest rate on year-end balance — 1.54

ADVANCES FROM FEDERAL HOME LO_2

ADVANCES FROM FEDERAL HOME LOAN BANK, GUARANTEED JUNIOR SUBORDINATED DEFERRABLE INTEREST DEBENTURES AND SUBORDINATED DEBT (Tables)	12 Months Ended
	Dec. 31, 2019
ADVANCES FROM FEDERAL HOME LOAN BANK, GUARANTEED JUNIOR SUBORDINATED DEFERRABLE INTEREST DEBENTURES AND SUBORDINATED DEBT
Schedule of federal home loan bank borrowings	Advances from the FHLB consist of the following: AT DECEMBER 31, 2019 WEIGHTED AVERAGE YIELD BALANCE MATURING (IN THOUSANDS, EXCEPT RATES) 2020 1.75 % $ 18,729 2021 2.28 9,496 2022 2.21 17,838 2023 2.48 5,568 2024 1.86 2,037 Total advances from FHLB 2.08 $ 53,668 AT DECEMBER 31, 2018 WEIGHTED AVERAGE YIELD BALANCE MATURING (IN THOUSANDS, EXCEPT RATES) 2019 1.51 % $ 12,500 2020 1.74 16,729 2021 2.28 9,496 2022 2.86 6,996 2023 2.86 1,000 Total advances from FHLB 1.98 $ 46,721

DISCLOSURES ABOUT FAIR VALUE _2

DISCLOSURES ABOUT FAIR VALUE MEASUREMENTS (Tables)	12 Months Ended
	Dec. 31, 2019
DISCLOSURES ABOUT FAIR VALUE MEASUREMENTS
Schedule of assets and liabilities measured and recorded at fair value on a recurring basis	The following table presents the assets and liability measured and reported on the Consolidated Balance Sheets on a recurring basis at their fair value as of December 31, 2019 and 2018, by level within the fair value hierarchy (in thousands). FAIR VALUE MEASUREMENTS AT DECEMBER 31, 2019 USING TOTAL (LEVEL 1) (LEVEL 2) (LEVEL 3) Equity securities $ 366 $ 366 $ — $ — Available for sale securities: U.S. Agency 5,116 — 5,116 — Municipal 15,170 — 15,170 — Corporate bonds 39,830 — 39,830 — U.S. Agency mortgage-backed securities 81,633 — 81,633 — Fair value swap asset 959 — 959 — Fair value swap liability (959) — (959) — FAIR VALUE MEASUREMENTS AT DECEMBER 31, 2018 USING TOTAL (LEVEL 1) (LEVEL 2) (LEVEL 3) Available for sale securities: U.S. Agency $ 7,529 $ — $ 7,529 $ — Municipal 13,181 — 13,181 — Corporate bonds 36,494 — 36,494 — U.S. Agency mortgage-backed securities 89,527 — 89,527 — Fair value swap asset 257 — 257 — Fair value swap liability (257) — (257) —
Schedule of assets measured and recorded at fair value on a non-recurring basis	Assets measured and recorded at fair value on a non-recurring basis are summarized below (in thousands, except range data): FAIR VALUE MEASUREMENTS AT DECEMBER 31, 2019 USING TOTAL (LEVEL 1) (LEVEL 2) (LEVEL 3) Impaired loans $ 255 $ — $ — $ 255 Other real estate owned 37 — — 37 FAIR VALUE MEASUREMENTS AT DECEMBER 31, 2018 USING TOTAL (LEVEL 1) (LEVEL 2) (LEVEL 3) Impaired loans $ — $ — $ — $ — Other real estate owned 157 — — 157 December 31, 2019 Quantitative Information About Level 3 Fair Value Measurements Valuation Unobservable Fair Value Techniques Input Range (Wgtd Ave) Impaired loans $ 255 Appraisal of Appraisal 0% to 100% (3) % collateral (1) adjustments(2) Other real estate owned 37 Appraisal of Appraisal 0% to 57% (38) % collateral (1) adjustments(2) Liquidation 21% to 134% (30) % expenses December 31, 2018 Quantitative Information About Level 3 Fair Value Measurements Valuation Unobservable Fair Value Techniques Input Range (Wgtd Ave) Impaired loans $ — Appraisal of Appraisal 100% (100) % collateral (1) adjustments(2) Other real estate owned 157 Appraisal of Appraisal 0% to 39% (8) % collateral (1) adjustments(2) Liquidation 21% to 195% (40) % expenses (1) Fair Value is generally determined through independent appraisals of the underlying collateral, which generally include various level 3 inputs which are not identifiable. Also includes qualitative adjustments by management and estimated liquidation expenses. (2) Appraisals may be adjusted by management for qualitative factors such as economic conditions.

DISCLOSURES ABOUT FAIR VALUE _3

DISCLOSURES ABOUT FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	12 Months Ended
	Dec. 31, 2019
DISCLOSURES ABOUT FAIR VALUE OF FINANCIAL INSTRUMENTS
Schedule of estimated fair value and recorded carrying value	AT DECEMBER 31, 2019 Carrying Value Fair Value (Level 1) (Level 2) (Level 3) (IN THOUSANDS) FINANCIAL ASSETS: Investment securities – HTM $ 39,936 $ 41,082 $ — $ 38,129 $ 2,953 Loans held for sale 4,868 4,970 4,970 — — Loans, net of allowance for loan loss and unearned income 873,427 873,908 — — 873,908 FINANCIAL LIABILITIES: Deposits with no stated maturities 651,469 631,023 — — 631,023 Deposits with stated maturities 309,044 310,734 — — 310,734 All other borrowings (1) 74,134 76,323 — — 76,323 AT DECEMBER 31, 2018 Carrying Value Fair Value (Level 1) (Level 2) (Level 3) (IN THOUSANDS) FINANCIAL ASSETS: Investment securities – HTM $ 40,760 $ 40,324 $ — $ 37,398 $ 2,926 Loans held for sale 847 871 871 — — Loans, net of allowance for loan loss and unearned income 853,611 836,122 — — 836,122 FINANCIAL LIABILITIES: Deposits with no stated maturities 671,666 627,323 — — 627,323 Deposits with stated maturities 277,505 277,010 — — 277,010 All other borrowings (1) 67,148 69,692 — — 69,692 (1) All other borrowings include advances from Federal Home Loan Bank, guaranteed junior subordinated deferrable interest debentures, and subordinated debt.

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2019
INCOME TAXES
Schedule of expense for income taxes, includes both federal and applicable state corporate income taxes	The Tax Cuts and Jobs Act, enacted on December 22, 2017 lowered the federal corporate income tax rate from 35% to 21% effective January 1, 2018. The expense for income taxes is summarized below and includes both federal and applicable state corporate income taxes: YEAR ENDED DECEMBER 31, 2019 2018 2017 (IN THOUSANDS) Current $ 1,393 $ (988) $ 1,084 Deferred 179 2,665 1,679 Change in corporate tax rate — — 2,624 Income tax expense $ 1,572 $ 1,677 $ 5,387
Schedule of reconciliation between the federal statutory tax rate and the Company's effective consolidated income tax rate	The reconciliation between the federal statutory tax rate and the Company’s effective consolidated income tax rate is as follows: YEAR ENDED DECEMBER 31, 2019 2018 2017 AMOUNT RATE AMOUNT RATE AMOUNT RATE (IN THOUSANDS, EXCEPT PERCENTAGES) Income tax expense based on federal statutory rate $ 1,596 21.0 % $ 1,983 21.0 % $ 2,951 34.0 % Tax exempt income (131) (1.4) (131) (1.4) (283) (3.3) Other 107 1.1 (175) (1.8) 95 1.0 Change in corporate tax rate — — — — 2,624 30.4 Total expense for income taxes $ 1,572 20.7 % $ 1,677 17.8 % $ 5,387 62.1 %
Schedule of deferred tax assets and liabilities	The following table highlights the major components comprising the deferred tax assets and liabilities for each of the periods presented: AT DECEMBER 31, 2019 2018 (IN THOUSANDS) DEFERRED TAX ASSETS: Allowance for loan losses $ 1,949 $ 1,821 Unfunded commitment reserve 215 187 Unrealized investment security losses — 374 Premises and equipment 1,129 1,056 Accrued pension obligation 1,093 144 Other 230 255 Total tax assets 4,616 3,837 DEFERRED TAX LIABILITIES: Investment accretion (82) (90) Unrealized investment security gains (456) — Other (102) (110) Total tax liabilities (640) (200) Net deferred tax asset $ 3,976 $ 3,637
Schedule of change in net deferred tax assets and liabilities	The change in net deferred tax assets and liabilities consist of the following: YEAR ENDED DECEMBER 31, 2019 2018 (IN THOUSANDS) Unrealized (gains) losses recognized in comprehensive income $ (830) $ 288 Pension obligation of the defined benefit plan not yet recognized in income 1,348 51 Deferred provision for income taxes (179) (2,665) Net increase (decrease) $ 339 $ (2,326)

EMPLOYEE BENEFIT PLANS (Tables)

EMPLOYEE BENEFIT PLANS (Tables)	12 Months Ended
	Dec. 31, 2019
EMPLOYEE BENEFIT PLANS
Schedule of pension benefits	PENSION BENEFITS: YEAR ENDED DECEMBER 31, 2019 2018 (IN THOUSANDS) CHANGE IN BENEFIT OBLIGATION: Benefit obligation at beginning of year $ 41,094 $ 41,013 Service cost 1,470 1,482 Interest cost 1,569 1,273 Actuarial loss 7,758 823 Special/contractual termination benefits — 63 Benefits paid (2,330) (3,560) Benefit obligation at end of year 49,561 41,094 CHANGE IN PLAN ASSETS: Fair value of plan assets at beginning of year 38,478 37,100 Actual return on plan assets 5,483 (1,062) Employer contributions 3,200 6,000 Benefits paid (2,330) (3,560) Fair value of plan assets at end of year 44,831 38,478 Funded status of the plan $ (4,730) $ (2,616)
Schedule of amounts not yet recognized as a component of periodic pension cost	YEAR ENDED DECEMBER 31, 2019 2018 (IN THOUSANDS) AMOUNTS NOT YET RECOGNIZED AS A COMPONENT OF NET PERIODIC PENSION COST: Amounts recognized in accumulated other comprehensive loss consists of: Net actuarial loss $ 22,113 $ 18,461 Total $ 22,113 $ 18,461
Schedule of accumulated benefit obligation	YEAR ENDED DECEMBER 31, 2019 2018 (IN THOUSANDS) ACCUMULATED BENEFIT OBLIGATION: Accumulated benefit obligation $ 45,501 $ 37,695
Schedule of weighted-average assumptions used to determine benefit obligations	The weighted-average assumptions used to determine benefit obligations at December 31, 2019 and 2018 were as follows: YEAR ENDED DECEMBER 31, 2019 2018 WEIGHTED AVERAGE ASSUMPTIONS: Discount rate 3.20 % 4.28 % Salary scale 2.50 2.50
Schedule of net periodic pension cost	YEAR ENDED DECEMBER 31, 2019 2018 2017 (IN THOUSANDS) COMPONENTS OF NET PERIODIC BENEFIT COST: Service cost $ 1,470 $ 1,482 $ 1,516 Interest cost 1,569 1,273 1,292 Expected return on plan assets (3,025) (2,798) (2,539) Special termination benefit liability — 63 — Recognized net actuarial loss 1,649 1,548 1,454 Net periodic pension cost $ 1,663 $ 1,568 $ 1,723
Schedule of other changes in plan assets and benefit obligations recognized in other comprehensive loss	YEAR ENDED DECEMBER 31, 2019 2018 2017 (IN THOUSANDS) OTHER CHANGES IN PLAN ASSETS AND BENEFIT OBLIGATIONS RECOGNIZED IN OTHER COMPREHENSIVE LOSS Net (gain) loss $ 5,300 $ 4,683 $ (822) Recognized loss (1,649) (1,548) (1,454) Total recognized in other comprehensive loss before tax effect $ 3,651 $ 3,135 $ (2,276) Total recognized in net benefit cost and other comprehensive loss before tax effect $ 5,314 $ 4,703 $ (553)
Schedule of weighted-average assumptions used to determine net periodic benefit cost	The weighted-average assumptions used to determine net periodic benefit cost for the years ended December 31, 2019, 2018 and 2017 were as follows: YEAR ENDED DECEMBER 31, 2019 2018 2017 WEIGHTED AVERAGE ASSUMPTIONS: Discount rate 4.28 % 3.63 % 4.12 % Expected return on plan assets 7.50 7.50 7.75 Rate of compensation increase 2.50 2.50 2.50
Schedule of plan's asset allocations	The plan’s measurement date is December 31, 2019. This plan’s asset allocation at December 31, 2019 and 2018, by asset category are as follows: YEAR ENDED DECEMBER 31, 2019 2018 ASSET CATEGORY: Cash and cash equivalents 1 % 49 % Domestic equities 8 7 Mutual funds/ETFs 82 42 International equities 1 — Corporate bonds 8 2 Total 100 % 100 %
Schedule of fair value of plan assets	The major categories of assets in the Company’s Pension Plan as of year-end are presented in the following table. Assets are segregated by the level of the valuation inputs within the fair value hierarchy established by ASC Topic 820 utilized to measure fair value. YEAR ENDED DECEMBER 31, 2019 2018 (IN THOUSANDS) Level 1: Cash and cash equivalents $ 186 $ 18,939 Domestic equities 3,782 2,841 Mutual funds/ETFs 36,469 15,808 International equities 620 — Level 2: Corporate bonds 3,774 890 Total fair value of plan assets $ 44,831 $ 38,478
Schedule of benefit payments	The following benefit payments, which reflect future service, as appropriate, are expected to be paid. ESTIMATED FUTURE YEAR: BENEFIT PAYMENTS (IN THOUSANDS) 2020 $ 4,096 2021 3,910 2022 4,317 2023 3,949 2024 4,205 Years 2025-2029 15,975

STOCK COMPENSATION PLANS (Table

STOCK COMPENSATION PLANS (Tables)	12 Months Ended
	Dec. 31, 2019
STOCK COMPENSATION PLANS
Schedule of company's stock incentive plan	A summary of the status of the Company’s Stock Incentive Plan at December 31, 2019, 2018, and 2017, and changes during the years then ended is presented in the table and narrative following: YEAR ENDED DECEMBER 31, 2019 2018 2017 WEIGHTED WEIGHTED WEIGHTED AVERAGE AVERAGE AVERAGE SHARES EXERCISE PRICE SHARES EXERCISE PRICE SHARES EXERCISE PRICE Outstanding at beginning of year $ $ $ Granted 7,000 4.19 5,000 4.22 17,500 3.96 Exercised (40,917) 2.45 (24,408) 2.49 (64,112) 2.49 Forfeited (5,748) 2.44 (5,000) 1.92 (10,233) 3.10 Outstanding at end of year 296,648 3.02 336,313 2.91 360,721 2.85 Exercisable at end of year 282,565 2.96 307,814 2.86 308,301 2.79 Weighted average fair value of options granted in current year $ 0.62 $ 0.56 $ 1.12
Schedule of fair value of each option grant	The fair value of each option grant is estimated on the date of grant using the Binomial or Black-Scholes option pricing model with the following assumptions used for grants in 2019, 2018, and 2017. YEAR ENDED DECEMBER 31 PRICING MODEL ASSUMPTION RANGES 2019 2018 2017 Risk-free interest rate 2.65 % 3.13 % 2.23–2.38 % Expected lives in years 10 10 10 Expected volatility 15.75 % 15.59 % 28.09–28.84 % Expected dividend rate 1.91 % 1.90 % 1.50 %

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)	12 Months Ended
	Dec. 31, 2019
ACCUMULATED OTHER COMPREHENSIVE LOSS
Schedule of accumulated other comprehensive loss, net of tax	The following table presents the changes in each component of accumulated other comprehensive loss, net of tax, for the periods ending December 31, 2019, 2018, and 2017 (in thousands): YEAR ENDING DECEMBER 31, 2019 YEAR ENDING DECEMBER 31, 2018 YEAR ENDING DECEMBER 31, 2017 Net Net Net Unrealized Unrealized Unrealized Gains and Gains and Gains and Losses on Defined Losses on Defined Losses on Defined Investment Benefit Investment Benefit Investment Benefit Securities Pension Securities Pension Securities Pension AFS (1) Items (1) Total (1) AFS (1) Items (1) Total (1) AFS (1) Items (1) Total (1) Beginning balance $ (1,409) $ (12,816) $ (14,225) $ (327) $ (12,623) $ (12,950) $ (171) $ (11,406) $ (11,577) Reclassification of certain income tax effects from accumulated other comprehensive loss — — — — — — (53) (2,078) (2,131) Other comprehensive income (loss) before reclassifications 3,217 (6,373) (3,156) (1,429) (1,416) (2,845) (27) 1,071 1,044 Amounts reclassified from accumulated other comprehensive loss (93) 1,303 1,210 347 1,223 1,570 (76) (210) (286) Net current period other comprehensive income (loss) 3,124 (5,070) (1,946) (1,082) (193) (1,275) (156) (1,217) (1,373) Ending balance $ 1,715 $ (17,886) $ (16,171) $ (1,409) $ (12,816) $ (14,225) $ (327) $ (12,623) $ (12,950) (1) Amounts in parentheses indicate debits on the Consolidated Balance Sheets.
Schedule of reclassification out of accumulated other comprehensive loss	The following table presents the amounts reclassified out of each component of accumulated other comprehensive loss for the periods ending December 31, 2019, 2018, and 2017 (in thousands): Amount reclassified from accumulated other comprehensive loss (1) YEAR ENDING YEAR ENDING YEAR ENDING Affected line item in the Details about accumulated other comprehensive loss components DECEMBER 31, 2019 DECEMBER 31, 2018 DECEMBER 31, 2017 statement of operations Realized (gains) losses on sale of securities $ (118) $ 439 $ (115) Net realized (gains) losses on investment securities 25 (92) 39 Provision for income taxes $ (93) $ 347 $ (76) Net of tax Amortization of estimated defined benefit pension plan loss (2) $ 1,649 $ 1,548 $ (318) Other expense (346) (325) 108 Provision for income taxes $ 1,303 $ 1,223 $ (210) Net of tax Total reclassifications for the period $ 1,210 $ 1,570 $ (286) Net income (1) Amounts in parentheses indicate credits. (2) These accumulated other comprehensive loss components are included in the computation of net periodic benefit cost (see Note 18 for additional details).

DERIVATIVE HEDGING INSTRUMENTS

DERIVATIVE HEDGING INSTRUMENTS (Tables)	12 Months Ended
	Dec. 31, 2019
DERIVATIVE HEDGING INSTRUMENTS
Schedule of interest rate swap transactions	The following table summarizes the interest rate swap transactions that impacted the Company’s 2019 and 2018 performance (in thousands, except percentages). DECEMBER 31, 2019 INCREASE AGGREGATE WEIGHTED (DECREASE) NOTIONAL AVERAGE RATE REPRICING IN INTEREST HEDGE TYPE AMOUNT RECEIVED/(PAID) FREQUENCY EXPENSE Swap assets Fair Value $ 31,668 4.44 % Monthly $ (18) Swap liabilities Fair Value (31,668) (4.44) Monthly 18 Net exposure — — — DECEMBER 31, 2018 INCREASE AGGREGATE WEIGHTED (DECREASE) NOTIONAL AVERAGE RATE REPRICING IN INTEREST HEDGE TYPE AMOUNT RECEIVED/(PAID) FREQUENCY EXPENSE Swap assets Fair Value $ 19,825 4.31 % Monthly $ (41) Swap liabilities Fair Value (19,825) (4.31) Monthly 41 Net exposure — — —

SEGMENT RESULTS (Tables)

SEGMENT RESULTS (Tables)	12 Months Ended
	Dec. 31, 2019
SEGMENT RESULTS
Schedule of business segments	The contribution of the major business segments to the Consolidated Statements of Operations were as follows: YEAR ENDED DECEMBER 31, 2019 COMMUNITY WEALTH INVESTMENT/ BANKING MANAGEMENT PARENT TOTAL (IN THOUSANDS) Net interest income $ 40,865 $ 81 $ (5,504) $ 35,442 Provision for loan loss 800 — — 800 Non-interest income 5,407 9,736 (370) 14,773 Non-interest expense 31,856 7,340 2,619 41,815 Income (loss) before income taxes 13,616 2,477 (8,493) 7,600 Income tax expense (benefit) 2,715 593 (1,736) 1,572 Net income (loss) $ 10,901 $ 1,884 $ (6,757) $ 6,028 Total assets $ 981,787 $ 10,361 $ 179,036 $ 1,171,184 YEAR ENDED DECEMBER 31, 2018 COMMUNITY WEALTH INVESTMENT/ BANKING MANAGEMENT PARENT TOTAL (IN THOUSANDS) Net interest income $ 39,195 $ 71 $ (3,772) $ 35,494 Credit provision for loan loss (600) — — (600) Non-interest income 4,832 9,651 (259) 14,224 Non-interest expense 30,809 7,319 2,745 40,873 Income (loss) before income taxes 13,818 2,403 (6,776) 9,445 Income tax expense 2,764 554 (1,641) 1,677 Net income (loss) $ 11,054 $ 1,849 $ (5,135) $ 7,768 Total assets $ 966,910 $ 9,345 $ 184,425 $ 1,160,680 YEAR ENDED DECEMBER 31, 2017 COMMUNITY WEALTH INVESTMENT/ BANKING MANAGEMENT PARENT TOTAL (IN THOUSANDS) Net interest income $ 39,183 $ 61 $ (3,683) $ 35,561 Provision for loan loss 800 — — 800 Non-interest income 5,370 9,170 105 14,645 Non-interest expense 31,139 7,054 2,533 40,726 Income (loss) before income taxes 12,614 2,177 (6,111) 8,680 Income tax expense (benefit) 4,023 812 552 5,387 Net income (loss) $ 8,591 $ 1,365 $ (6,663) $ 3,293 Total assets $ 993,689 $ 8,703 $ 165,263 $ 1,167,655

REGULATORY CAPITAL (Tables)

REGULATORY CAPITAL (Tables)	12 Months Ended
	Dec. 31, 2019
REGULATORY CAPITAL
Schedule of compliance with regulatory capital requirements under banking regulations	The Company believes that no conditions or events have occurred that would change this conclusion. To be categorized as well capitalized, the Company must maintain minimum total risk-based, common equity Tier 1 risk-based, Tier 1 risk-based, and Tier 1 leverage ratios as set forth in the table. AT DECEMBER 31, 2019 TO BE WELL MINIMUM CAPITALIZED REQUIRED UNDER FOR PROMPT CAPITAL CORRECTIVE ADEQUACY ACTION COMPANY BANK PURPOSES REGULATIONS* AMOUNT RATIO AMOUNT RATIO RATIO RATIO (IN THOUSANDS, EXCEPT RATIOS) Total Capital (To Risk Weighted Assets) $ 132,544 13.49 % $ 119,477 12.23 % 8.00 % 10.00 % Tier 1 Common Equity (To Risk Weighted Assets) 102,841 10.47 109,173 11.17 4.50 6.50 Tier 1 Capital (To Risk Weighted Assets) 114,729 11.68 109,173 11.17 6.00 8.00 Tier 1 Capital (To Average Assets) 114,729 9.87 109,173 9.50 4.00 5.00 AT DECEMBER 31, 2018 TO BE WELL MINIMUM CAPITALIZED REQUIRED UNDER FOR PROMPT CAPITAL CORRECTIVE ADEQUACY ACTION COMPANY BANK PURPOSES REGULATIONS* AMOUNT RATIO AMOUNT RATIO RATIO RATIO (IN THOUSANDS, EXCEPT RATIOS) Total Capital (To Risk Weighted Assets) $ 129,178 13.53 % $ 115,451 12.14 % 8.00 % 10.00 % Tier 1 Common Equity (To Risk Weighted Assets) 100,258 10.50 105,891 11.14 4.50 6.50 Tier 1 Capital (To Risk Weighted Assets) 112,130 11.74 105,891 11.14 6.00 8.00 Tier 1 Capital (To Average Assets) 112,130 9.71 105,891 9.28 4.00 5.00 * Applies to the Bank only.

PARENT COMPANY FINANCIAL INFO_2

PARENT COMPANY FINANCIAL INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2019
PARENT COMPANY FINANCIAL INFORMATION
Schedule of parent company information of balance sheets	BALANCE SHEETS AT DECEMBER 31, 2019 2018 (IN THOUSANDS) ASSETS Cash $ 100 $ 100 Short-term investments in money market funds 2,544 3,711 Cash and cash equivalents 2,644 3,811 Investment securities available for sale 3,758 4,747 Equity investment in banking subsidiary 104,843 103,647 Equity investment in non-banking subsidiaries 7,830 6,745 Other assets 978 208 TOTAL ASSETS $ 120,053 $ 119,158 LIABILITIES Guaranteed junior subordinated deferrable interest debentures $ 12,955 $ 12,939 Subordinated debt 7,511 7,488 Other liabilities 973 754 TOTAL LIABILITIES 21,439 21,181 STOCKHOLDERS’ EQUITY Total stockholders’ equity 98,614 97,977 TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 120,053 $ 119,158
Schedule of parent company information of statements of operations	STATEMENTS OF OPERATIONS YEAR ENDED DECEMBER 31, 2019 2018 2017 (IN THOUSANDS) INCOME Inter-entity management and other fees $ 2,556 $ 2,430 $ 2,315 Dividends from banking subsidiary 3,800 3,500 2,850 Dividends from non-banking subsidiaries 1,105 1,190 840 Interest, dividend and other income 186 119 163 TOTAL INCOME 7,647 7,239 6,168 EXPENSE Interest expense 1,642 1,642 1,642 Salaries and employee benefits 2,614 2,610 2,416 Other expense 1,707 1,733 1,618 TOTAL EXPENSE 5,963 5,985 5,676 INCOME BEFORE INCOME TAXES AND EQUITY IN UNDISTRIBUTED EARNINGS OF SUBSIDIARIES 1,684 1,254 492 Benefit for income taxes (676) (722) (1,114) Equity in undistributed earnings of subsidiaries 3,668 5,792 1,687 NET INCOME $ 6,028 $ 7,768 $ 3,293 COMPREHENSIVE INCOME $ 4,082 $ 6,493 $ 4,051
Schedule of parent company information of statements of cash flows	STATEMENTS OF CASH FLOWS YEAR ENDED DECEMBER 31, 2019 2018 2017 (IN THOUSANDS) OPERATING ACTIVITIES Net income $ 6,028 $ 7,768 $ 3,293 Adjustment to reconcile net income to net cash provided by operating activities: Equity in undistributed earnings of subsidiaries (3,668) (5,792) (1,687) Stock compensation expense 7 14 13 Other – net (427) 433 1,325 NET CASH PROVIDED BY OPERATING ACTIVITIES 1,940 2,423 2,944 INVESTING ACTIVITIES Purchase of investment securities – available for sale — (1,002) (1,002) Proceeds from maturity and sales of investment securities – available for sale 1,085 1,462 1,699 NET CASH PROVIDED BY INVESTING ACTIVITIES 1,085 460 697 FINANCING ACTIVITIES Purchases of treasury stock (2,550) (2,346) (3,404) Common stock dividends paid (1,642) (1,347) (1,113) NET CASH USED IN FINANCING ACTIVITIES (4,192) (3,693) (4,517) NET DECREASE IN CASH AND CASH EQUIVALENTS (1,167) (810) (876) CASH AND CASH EQUIVALENTS AT JANUARY 1 3,811 4,621 5,497 CASH AND CASH EQUIVALENTS AT DECEMBER 31 $ 2,644 $ 3,811 $ 4,621

SELECTED QUARTERLY CONSOLIDAT_2

SELECTED QUARTERLY CONSOLIDATED FINANCIAL DATA (Tables)	12 Months Ended
	Dec. 31, 2019
SELECTED QUARTERLY CONSOLIDATED FINANCIAL DATA
Schedule of quarterly consolidated financial data	The following table sets forth certain unaudited quarterly consolidated financial data regarding the Company: 2019 QUARTER ENDED DEC. 31 SEPT. 30 JUNE 30 MARCH 31 (IN THOUSANDS, EXCEPT PER SHARE DATA) Interest income $ 12,405 $ 12,433 $ 12,765 $ 12,164 Interest expense 3,445 3,669 3,704 3,507 Net interest income 8,960 8,764 9,061 8,657 Provision (credit) for loan losses 975 225 — (400) Net interest income after provision (credit) for loan losses 7,985 8,539 9,061 9,057 Non-interest income 3,416 4,095 3,657 3,605 Non-interest expense 10,563 10,503 10,456 10,293 Income before income taxes 838 2,131 2,262 2,369 Provision for income taxes 169 442 470 491 Net income $ 669 $ 1,689 $ 1,792 $ 1,878 Basic earnings per common share $ 0.04 $ 0.10 $ 0.10 $ 0.11 Diluted earnings per common share 0.04 0.10 0.10 0.11 Cash dividends declared per common share 0.025 0.025 0.025 0.020 2018 QUARTER ENDED DEC. 31 SEPT. 30 JUNE 30 MARCH 31 (IN THOUSANDS, EXCEPT PER SHARE DATA) Interest income $ 12,125 $ 12,149 $ 11,603 $ 11,217 Interest expense 3,346 3,040 2,745 2,469 Net interest income 8,779 9,109 8,858 8,748 Provision (credit) for loan losses (700) — 50 50 Net interest income after provision (credit) for loan losses 9,479 9,109 8,808 8,698 Non-interest income 3,322 3,586 3,681 3,635 Non-interest expense 10,374 10,096 10,292 10,111 Income before income taxes 2,427 2,599 2,197 2,222 Provision for income taxes 499 270 453 455 Net income $ 1,928 $ 2,329 $ 1,744 $ 1,767 Basic earnings per common share $ 0.11 $ 0.13 $ 0.10 $ 0.10 Diluted earnings per common share 0.11 0.13 0.10 0.10 Cash dividends declared per common share 0.020 0.020 0.020 0.015

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Numerator:
Net income	$ 669	$ 1,689	$ 1,792	$ 1,878	$ 1,928	$ 2,329	$ 1,744	$ 1,767	$ 6,028	$ 7,768	$ 3,293
Denominator:
Weighted average common shares outstanding (basic)									17,359	17,933	18,498
Effect of stock options									81	104	102
Weighted average common shares outstanding (diluted)									17,440	18,037	18,600
Earnings per common share:
Basic	$ 0.04	$ 0.10	$ 0.10	$ 0.11	$ 0.11	$ 0.13	$ 0.10	$ 0.10	$ 0.35	$ 0.43	$ 0.18
Diluted	$ 0.04	$ 0.10	$ 0.10	$ 0.11	$ 0.11	$ 0.13	$ 0.10	$ 0.10	$ 0.35	$ 0.43	$ 0.18

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Additional information (Details)	12 Months Ended
	Dec. 31, 2019USD ($)$ / sharesshares	Dec. 31, 2018USD ($)$ / sharesshares	Dec. 31, 2017USD ($)$ / sharesshares	Jan. 01, 2019USD ($)
Summary Of Significant Accounting Policies [Line Items]
Number of Stores	16
Assets under Management, Carrying Amount	$ 2,200,000,000
Federal Home Loan Bank Stock Par Value | $ / shares	$ 100
Threshold Period Past Due for Write-off of Financing Receivable	90 days
Description Of Accounting Treatment For Short Term Operating Lease	As of December 31, 2019, the Company had one short-term equipment lease which it has elected to not record on the Consolidated Balance Sheets.
Financing Receivable, Individually Evaluated for Impairment	$ 824,000	$ 11,000
Financing Receivable, Recorded Investment	$ 878,307,000	$ 856,020,000
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | shares	12,000	5,000	10,000
Income Taxes Paid	$ 785,000	$ 875,000	$ 1,075,000
Real Estate Owned, Transfer from Real Estate Owned	75,000	166,000	77,000
Operating Lease, Right-of-Use Asset	846,000	0
Operating Lease, Liability	865,000	0
Finance Lease, Right-of-Use Asset	3,078,000	0
Finance Lease, Liability	3,163,000	0
Total interest payments	$ 13,779,000	$ 11,298,000	$ 8,681,000
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Price Of Anti Dilutive Option Amount | $ / shares		$ 4.22	$ 4
Non Cash Transfer Of Applicable Minimum Tax To Other Assets		$ 287,000
Minimum
Summary Of Significant Accounting Policies [Line Items]
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Price Of Anti Dilutive Option Amount | $ / shares	$ 4.19
Maximum
Summary Of Significant Accounting Policies [Line Items]
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Price Of Anti Dilutive Option Amount | $ / shares	$ 4.22
ASU 2016-02
Summary Of Significant Accounting Policies [Line Items]
Operating Lease, Right-of-Use Asset				$ 932,000
Operating Lease, Liability				932,000
Finance Lease, Right-of-Use Asset				3,300,000
Finance Lease, Liability				$ 3,300,000
Wealth Management [Member] | ASU 2014-09
Summary Of Significant Accounting Policies [Line Items]
Effect of adoption of revenue recognition standard - ASC Topic 606	$ 640,000
Commercial Portfolio Segment [Member]
Summary Of Significant Accounting Policies [Line Items]
Minimum aggregate balances for commercial loan relationship under structure loan rating process	1,000,000
Small Business Loans [Member] | Maximum
Summary Of Significant Accounting Policies [Line Items]
Financing Receivable, Recorded Investment	250,000
Consumer and Residential Mortgage Loans [Member] | Minimum
Summary Of Significant Accounting Policies [Line Items]
Financing Receivable, Individually Evaluated for Impairment	$ 150,000
Premises [Member]
Summary Of Significant Accounting Policies [Line Items]
Property, Plant and Equipment, Useful Life	30 years
Equipment [Member]
Summary Of Significant Accounting Policies [Line Items]
Property, Plant and Equipment, Useful Life	10 years

ADOPTION OF ACCOUNTING STANDA_2

ADOPTION OF ACCOUNTING STANDARDS (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Jan. 01, 2019	Dec. 31, 2018
Operating lease right-of-use asset	$ 846,000		$ 0
Financing lease right-of-use asset	3,078,000		0
Operating Lease, Liability	865,000		0
Finance Lease, Liability	3,163,000		$ 0
ASU 2016-02
Operating lease right-of-use asset		$ 932,000
Financing lease right-of-use asset		3,300,000
Operating Lease, Liability		932,000
Finance Lease, Liability		$ 3,300,000
Wealth Management [Member] | ASU 2014-09
Cumulative Effect on Retained Earnings, Net of Tax	$ 640,000

REVENUE RECOGNITION (Details)

REVENUE RECOGNITION (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
REVENUE RECOGNITION
Wealth management fees									$ 9,730	$ 9,659	$ 9,170
Service charges on deposit accounts									1,271	1,420	1,581
Other									1,759	1,720	1,665
Non-interest income (in-scope of topic 606)									12,760	12,799	12,416
Non-interest income (out-of-scope of topic 606)									2,013	1,425	2,229
Total Non-Interest Income	$ 3,416	$ 4,095	$ 3,657	$ 3,605	$ 3,322	$ 3,586	$ 3,681	$ 3,635	$ 14,773	$ 14,224	$ 14,645

REVENUE RECOGNITION - Additiona

REVENUE RECOGNITION - Additional information (Details)	12 Months Ended
	Dec. 31, 2019USD ($)
Other assets
Wealth management fees receivable	$ 825,000
Revenue Associated With Financial Instruments [Member]
Percentage Of Entity Revenue	80.20%

CASH AND DUE FROM DEPOSITORY _2

CASH AND DUE FROM DEPOSITORY INSTITUTIONS (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
CASH AND DUE FROM DEPOSITORY INSTITUTIONS
Restricted Cash and Cash Equivalents	$ 3	$ 3.6

INVESTMENT SECURITIES - Cost ba

INVESTMENT SECURITIES - Cost basis and fair values of investment securities (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Information concerning investments with unrealized losses
Investment securities available for sale, Cost Basis	$ 139,577	$ 148,514
Investment securities available for sale, Gross Unrealized Gains	2,564	765
Investment securities available for sale, Gross Unrealized Losses	(392)	(2,548)
Available for Sale, Fair Value, Total	141,749	146,731
Investment securities held to maturity, Cost Basis	39,936	40,760
Investment securities held to maturity, Gross Unrealized Gains	1,250	222
Investment securities held to maturity, Gross Unrealized Losses	(104)	(658)
Held to Maturity, Fair Value, Total	41,082	40,324
U.S. Agency
Information concerning investments with unrealized losses
Investment securities available for sale, Cost Basis	5,084	7,685
Investment securities available for sale, Gross Unrealized Gains	32	4
Investment securities available for sale, Gross Unrealized Losses		(160)
Available for Sale, Fair Value, Total	5,116	7,529
Municipal
Information concerning investments with unrealized losses
Investment securities available for sale, Cost Basis	14,678	13,301
Investment securities available for sale, Gross Unrealized Gains	509	114
Investment securities available for sale, Gross Unrealized Losses	(17)	(234)
Available for Sale, Fair Value, Total	15,170	13,181
Investment securities held to maturity, Cost Basis	24,438	24,740
Investment securities held to maturity, Gross Unrealized Gains	941	131
Investment securities held to maturity, Gross Unrealized Losses	(53)	(404)
Held to Maturity, Fair Value, Total	25,326	24,467
Corporate bonds [Member]
Information concerning investments with unrealized losses
Investment securities available for sale, Cost Basis	39,769	37,359
Investment securities available for sale, Gross Unrealized Gains	342	131
Investment securities available for sale, Gross Unrealized Losses	(281)	(996)
Available for Sale, Fair Value, Total	39,830	36,494
U.S. Agency mortgage-backed securities
Information concerning investments with unrealized losses
Investment securities available for sale, Cost Basis	80,046	90,169
Investment securities available for sale, Gross Unrealized Gains	1,681	516
Investment securities available for sale, Gross Unrealized Losses	(94)	(1,158)
Available for Sale, Fair Value, Total	81,633	89,527
Investment securities held to maturity, Cost Basis	9,466	9,983
Investment securities held to maturity, Gross Unrealized Gains	251	78
Investment securities held to maturity, Gross Unrealized Losses	(4)	(132)
Held to Maturity, Fair Value, Total	9,713	9,929
Corporate bonds and other securities [Member]
Information concerning investments with unrealized losses
Investment securities held to maturity, Cost Basis	6,032	6,037
Investment securities held to maturity, Gross Unrealized Gains	58	13
Investment securities held to maturity, Gross Unrealized Losses	(47)	(122)
Held to Maturity, Fair Value, Total	$ 6,043	$ 5,928

INVESTMENT SECURITIES - Total i

INVESTMENT SECURITIES - Total investment securities (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Contractual maturities of securities
Available for Sale, Cost Basis, Within 1 year	$ 2,000
Available for Sale, Cost Basis, After 1 year but within 5 years	23,016
Available for Sale, Cost Basis, After 5 years but within 10 years	41,070
Available for Sale, Cost Basis, After 10 years but within 15 years	23,018
Available for Sale, Cost Basis, Over 15 years	50,473
Available for Sale, Cost Basis, Total	$ 139,577	$ 148,514
Available for Sale, Within 1 year, Yield	2.89%
Available for Sale, After 1 year but within 5 years, Yield	3.33%
Available for Sale, After 5 year but within 10 years, Yield	3.59%
Available for Sale, After 10 years but within 15 years, Yield	2.83%
Available for Sale, Over 15 years, Yield	2.89%
Available for Sale, Yield, Total	3.16%
Available for Sale, Fair Value, Within 1 year	$ 2,003
Available for Sale, Fair Value, After 1 year but within 5 years	23,147
Available for Sale, Fair Value, After 5 years but within 10 years	41,708
Available for Sale, Fair Value, After 10 years but within 15 years	23,538
Available for Sale, Fair Value, Over 15 years	51,353
Available for Sale, Fair Value, Total	141,749	146,731
Held to Maturity, Cost Basis, After 1 year but within 5 years	7,544
Held to Maturity, Cost Basis, After 5 years but within 10 years	19,538
Held to Maturity, Cost Basis, After 10 years but within 15 years	7,282
Held to Maturity, Cost Basis, Over 15 years	5,572
Held to Maturity, Cost Basis, Total	39,936	40,760
Held to Maturity, Fair Value, After 1 year but within 5 years	7,606
Held to Maturity, Fair Value, After 5 years but within 10 years	20,243
Held to Maturity, Fair Value, After 10 years but within 15 years	7,562
Held to Maturity, Fair Value, Over 15 years	5,671
Held to Maturity, Fair Value, Total	$ 41,082	40,324
Held to Maturity, After 1 year but within 5 years, Yield	2.96%
Held to Maturity, After 5 years but within 10 years, Yield	3.53%
Held to Maturity, After 10 years but within 15 years, Yield	3.95%
Held to Maturity, Over 15 years, Yield	3.31%
Held to Maturity, Yield, Total	3.47%
U.S. Agency
Contractual maturities of securities
Available for Sale, Cost Basis, After 5 years but within 10 years	$ 2,557
Available for Sale, Cost Basis, Over 15 years	2,527
Available for Sale, Cost Basis, Total	$ 5,084	7,685
Available for Sale, After 5 year but within 10 years, Yield	2.93%
Available for Sale, Over 15 years, Yield	2.68%
Available for Sale, Yield, Total	2.81%
Available for Sale, Fair Value, After 5 years but within 10 years	$ 2,570
Available for Sale, Fair Value, Over 15 years	2,546
Available for Sale, Fair Value, Total	5,116	7,529
Corporate Bonds And Other Securities
Contractual maturities of securities
Available for Sale, Cost Basis, Within 1 year	1,500
Available for Sale, Cost Basis, After 1 year but within 5 years	18,695
Available for Sale, Cost Basis, After 5 years but within 10 years	19,574
Available for Sale, Cost Basis, Total	$ 39,769
Available for Sale, Within 1 year, Yield	3.10%
Available for Sale, After 1 year but within 5 years, Yield	3.43%
Available for Sale, After 5 year but within 10 years, Yield	4.11%
Available for Sale, Yield, Total	3.75%
Available for Sale, Fair Value, Within 1 year	$ 1,503
Available for Sale, Fair Value, After 1 year but within 5 years	18,755
Available for Sale, Fair Value, After 5 years but within 10 years	19,572
Available for Sale, Fair Value, Total	39,830
Held to Maturity, Cost Basis, After 1 year but within 5 years	3,000
Held to Maturity, Cost Basis, After 5 years but within 10 years	3,032
Held to Maturity, Cost Basis, Total	6,032
Held to Maturity, Fair Value, After 1 year but within 5 years	2,953
Held to Maturity, Fair Value, After 5 years but within 10 years	3,090
Held to Maturity, Fair Value, Total	$ 6,043
Held to Maturity, After 1 year but within 5 years, Yield	2.95%
Held to Maturity, After 5 years but within 10 years, Yield	4.40%
Held to Maturity, Yield, Total	3.68%
U.S. Agency mortgage-backed securities
Contractual maturities of securities
Available for Sale, Cost Basis, After 1 year but within 5 years	$ 1,200
Available for Sale, Cost Basis, After 5 years but within 10 years	7,882
Available for Sale, Cost Basis, After 10 years but within 15 years	23,018
Available for Sale, Cost Basis, Over 15 years	47,946
Available for Sale, Cost Basis, Total	$ 80,046	90,169
Available for Sale, After 1 year but within 5 years, Yield	2.46%
Available for Sale, After 5 year but within 10 years, Yield	2.99%
Available for Sale, After 10 years but within 15 years, Yield	2.83%
Available for Sale, Over 15 years, Yield	2.90%
Available for Sale, Yield, Total	2.88%
Available for Sale, Fair Value, After 1 year but within 5 years	$ 1,213
Available for Sale, Fair Value, After 5 years but within 10 years	8,075
Available for Sale, Fair Value, After 10 years but within 15 years	23,538
Available for Sale, Fair Value, Over 15 years	48,807
Available for Sale, Fair Value, Total	81,633	89,527
Held to Maturity, Cost Basis, After 1 year but within 5 years	1,977
Held to Maturity, Cost Basis, After 10 years but within 15 years	2,232
Held to Maturity, Cost Basis, Over 15 years	5,257
Held to Maturity, Cost Basis, Total	9,466	9,983
Held to Maturity, Fair Value, After 1 year but within 5 years	2,009
Held to Maturity, Fair Value, After 10 years but within 15 years	2,353
Held to Maturity, Fair Value, Over 15 years	5,351
Held to Maturity, Fair Value, Total	$ 9,713	$ 9,929
Held to Maturity, After 1 year but within 5 years, Yield	2.50%
Held to Maturity, After 10 years but within 15 years, Yield	3.62%
Held to Maturity, Over 15 years, Yield	3.30%
Held to Maturity, Yield, Total	3.21%
Municipal
Contractual maturities of securities
Available for Sale, Cost Basis, Within 1 year	$ 500
Available for Sale, Cost Basis, After 1 year but within 5 years	3,121
Available for Sale, Cost Basis, After 5 years but within 10 years	11,057
Available for Sale, Cost Basis, Total	$ 14,678
Available for Sale, Within 1 year, Yield	2.25%
Available for Sale, After 1 year but within 5 years, Yield	3.09%
Available for Sale, After 5 year but within 10 years, Yield	3.26%
Available for Sale, Yield, Total	3.19%
Available for Sale, Fair Value, Within 1 year	$ 500
Available for Sale, Fair Value, After 1 year but within 5 years	3,179
Available for Sale, Fair Value, After 5 years but within 10 years	11,491
Available for Sale, Fair Value, Total	15,170
Held to Maturity, Cost Basis, After 1 year but within 5 years	2,567
Held to Maturity, Cost Basis, After 5 years but within 10 years	16,506
Held to Maturity, Cost Basis, After 10 years but within 15 years	5,050
Held to Maturity, Cost Basis, Over 15 years	315
Held to Maturity, Cost Basis, Total	24,438
Held to Maturity, Fair Value, After 1 year but within 5 years	2,644
Held to Maturity, Fair Value, After 5 years but within 10 years	17,153
Held to Maturity, Fair Value, After 10 years but within 15 years	5,209
Held to Maturity, Fair Value, Over 15 years	320
Held to Maturity, Fair Value, Total	$ 25,326
Held to Maturity, After 1 year but within 5 years, Yield	3.33%
Held to Maturity, After 5 years but within 10 years, Yield	3.37%
Held to Maturity, After 10 years but within 15 years, Yield	4.10%
Held to Maturity, Over 15 years, Yield	3.50%
Held to Maturity, Yield, Total	3.52%

INVESTMENT SECURITIES - Informa

INVESTMENT SECURITIES - Information concerning investments with unrealized losses (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Available-For-Sale-Securities-And-Held-To-Maturity-Securities
Less than 12 months, Fair Value	$ 17,150	$ 39,784
Less than 12 months, Unrealized Losses	(126)	(694)
12 months or longer, Fair Value	21,468	78,532
12 months or longer, Unrealized Losses	(370)	(2,512)
Total, Fair Value	38,618	118,316
Total, Unrealized Losses	(496)	(3,206)
U.S. Agency
Available-For-Sale-Securities-And-Held-To-Maturity-Securities
Less than 12 months, Fair Value		244
Less than 12 months, Unrealized Losses		(6)
12 months or longer, Fair Value		5,631
12 months or longer, Unrealized Losses		(154)
Total, Fair Value		5,875
Total, Unrealized Losses		(160)
U.S. Agency mortgage-backed securities
Available-For-Sale-Securities-And-Held-To-Maturity-Securities
Less than 12 months, Fair Value	7,084	17,718
Less than 12 months, Unrealized Losses	(23)	(177)
12 months or longer, Fair Value	8,562	39,983
12 months or longer, Unrealized Losses	(75)	(1,113)
Total, Fair Value	15,646	57,701
Total, Unrealized Losses	(98)	(1,290)
Municipal
Available-For-Sale-Securities-And-Held-To-Maturity-Securities
Less than 12 months, Fair Value	2,269	6,601
Less than 12 months, Unrealized Losses	(18)	(71)
12 months or longer, Fair Value	1,123	15,880
12 months or longer, Unrealized Losses	(52)	(567)
Total, Fair Value	3,392	22,481
Total, Unrealized Losses	(70)	(638)
Corporate bonds and other securities [Member]
Available-For-Sale-Securities-And-Held-To-Maturity-Securities
Less than 12 months, Fair Value	7,797	15,221
Less than 12 months, Unrealized Losses	(85)	(440)
12 months or longer, Fair Value	11,783	17,038
12 months or longer, Unrealized Losses	(243)	(678)
Total, Fair Value	19,580	32,259
Total, Unrealized Losses	$ (328)	$ (1,118)

INVESTMENT SECURITIES - Additio

INVESTMENT SECURITIES - Additional information (Details)		12 Months Ended
		Dec. 31, 2019USD ($)position	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)
INVESTMENT SECURITIES
Gross investment gains		$ 118,000	$ 15,000	$ 115,000
Gross investment losses			454,000
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax		93,000	(347,000)	76,000
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Tax	[1]	$ 25,000	(92,000)	39,000
Investment Securities:
Consolidated investment securities portfolio modified, years		3 years 26 days
Proceeds from sales of investment securities - available for sale		$ 3,374,000	9,466,000	8,143,000
Book value of securities available for sale and held to maturity		$ 117,076,000	115,536,000
Available for sale Securities And Held To Maturity Securities In Unrealized Loss Positions | position		54
Debt and Equity Securities, Gain (Loss)		$ 118,000	$ (439,000)	$ 115,000
U.S. Agency
Investment Securities:
Available For Sale Securities Debt Maturities Weighted Average Maturity Term		10 years 2 months 9 days
U.S. Agency mortgage-backed securities
Investment Securities:
Available For Sale Securities Debt Maturities Weighted Average Maturity Term		4 years 4 months 10 days
Weighted Average Expected Maturity For Held To Maturity Securities		4 years 7 months 13 days
Corporate bonds [Member]
Investment Securities:
Available For Sale Securities Debt Maturities Weighted Average Maturity Term		4 years 18 days
Weighted Average Expected Maturity For Held To Maturity Securities		3 years 2 months 16 days
Municipal
Investment Securities:
Available For Sale Securities Debt Maturities Weighted Average Maturity Term		5 years 2 months 9 days
Weighted Average Expected Maturity For Held To Maturity Securities		5 years 11 months 1 day
Standard & Poor's, AAA Rating [Member]
INVESTMENT SECURITIES
Portfolio rated		53.40%	57.50%
Securities rated below A [Member]
INVESTMENT SECURITIES
Portfolio rated		9.10%	10.00%
Deferred Compensation, Share-based Payments [Member] | Assets Held With Rabbi Trust [Member]
Investment Securities:
Equity Securities, FV-NI		$ 366,000,000
Debt and Equity Securities, Gain (Loss)		13,000,000
Unrealized Loss on Securities		$ 5,000,000
[1]	Amounts in parentheses indicate credits.

LOANS (Details)

LOANS (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
LOANS
Loans, net of unearned income	$ 882,706	$ 862,282
Commercial and Industrial [Member]
LOANS
Loans, net of unearned income	173,922	158,279
Commercial loans secured by owner occupied real estate [Member]
LOANS
Loans, net of unearned income	91,655	91,905
Commercial loans secured by non-owner occupied real estate [Member]
LOANS
Loans, net of unearned income	363,635	356,543
Real estate - residential mortgage [Member]
LOANS
Loans, net of unearned income	235,239	237,964
Consumer [Member]
LOANS
Loans, net of unearned income	$ 18,255	$ 17,591

LOANS - Additional information

LOANS - Additional information (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
LOANS
Real estate-construction loans, percentage	4.90%	3.50%
Loan balances net of unearned income	$ 384,000	$ 322,000
Loans and Leases Receivable, Related Parties	$ 544,000	$ 694,000

ALLOWANCE FOR LOAN LOSSES - Loa

ALLOWANCE FOR LOAN LOSSES - Loan losses by portfolio segment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Accounts, Notes, Loans and Financing Receivable [Line Items]
Balance at Beginning of Period	$ 8,671	$ 10,214	$ 9,932
Charge-Offs	(432)	(1,205)	(928)
Recoveries	240	262	410
Provision (Credit)	800	(600)	800
Balance at End of Period	9,279	8,671	10,214
Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Balance at Beginning of Period	3,057	4,298	4,041
Charge-Offs	(9)	(574)	(311)
Recoveries	22	31	27
Provision (Credit)	881	(698)	541
Balance at End of Period	3,951	3,057	4,298
Commercial loans secured by non-owner occupied real estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Balance at Beginning of Period	3,389	3,666	3,584
Charge-Offs	(63)	0	(132)
Recoveries	48	51	56
Provision (Credit)	(255)	(328)	158
Balance at End of Period	3,119	3,389	3,666
Real estate - residential mortgage [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Balance at Beginning of Period	1,235	1,102	1,169
Charge-Offs	(98)	(380)	(313)
Recoveries	118	119	207
Provision (Credit)	(96)	394	39
Balance at End of Period	1,159	1,235	1,102
Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Balance at Beginning of Period	127	128	151
Charge-Offs	(262)	(251)	(172)
Recoveries	52	61	120
Provision (Credit)	209	189	29
Balance at End of Period	126	127	128
Allocation for General Risk [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Balance at Beginning of Period	863	1,020	987
Charge-Offs	0	0	0
Recoveries	0	0	0
Provision (Credit)	61	(157)	33
Balance at End of Period	$ 924	$ 863	$ 1,020

ALLOWANCE FOR LOAN LOSSES - L_2

ALLOWANCE FOR LOAN LOSSES - Loan loss by the primary segments (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Loans:
Individually evaluated for impairment	$ 824	$ 11
Collectively evaluated for impairment	881,882	862,271
Total loans	882,706	862,282
Allowance for loan losses:
Specific reserve allocation	92	11
General reserve allocation	9,187	8,660
Total allowance for loan losses	9,279	8,671	$ 10,214	$ 9,932
Commercial [Member]
Loans:
Individually evaluated for impairment	816	0
Collectively evaluated for impairment	264,761	250,184
Total loans	265,577	250,184
Allowance for loan losses:
Specific reserve allocation	84	0
General reserve allocation	3,867	3,057
Total allowance for loan losses	3,951	3,057	4,298	4,041
Commercial loans secured by non-owner occupied real estate [Member]
Loans:
Individually evaluated for impairment	8	11
Collectively evaluated for impairment	363,627	356,532
Total loans	363,635	356,543
Allowance for loan losses:
Specific reserve allocation	8	11
General reserve allocation	3,111	3,378
Total allowance for loan losses	3,119	3,389	3,666	3,584
Real estate - residential mortgage [Member]
Loans:
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	235,239	237,964
Total loans	235,239	237,964
Allowance for loan losses:
Specific reserve allocation	0	0
General reserve allocation	1,159	1,235
Total allowance for loan losses	1,159	1,235	1,102	1,169
Consumer [Member]
Loans:
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	18,255	17,591
Total loans	18,255	17,591
Allowance for loan losses:
Specific reserve allocation	0	0
General reserve allocation	126	127
Total allowance for loan losses	126	127	128	151
Allocation for General Risk [Member]
Allowance for loan losses:
Specific reserve allocation	0	0
General reserve allocation	924	863
Total allowance for loan losses	$ 924	$ 863	$ 1,020	$ 987

ALLOWANCE FOR LOAN LOSSES - Pre

ALLOWANCE FOR LOAN LOSSES - Present impaired loans by portfolio segment (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment	$ 824	$ 11
Related Allowance	8	11
Unpaid Principal Balance	846	33
Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment	816
Unpaid Principal Balance	816
Commercial loans secured by non-owner occupied real estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment	8	11
Unpaid Principal Balance	30	33
Impaired Loans with Specific Allowance [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment	824	11
Related Allowance	92	11
Impaired Loans with Specific Allowance [Member] | Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment	816
Related Allowance	84
Impaired Loans with Specific Allowance [Member] | Commercial loans secured by non-owner occupied real estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment	8	11
Related Allowance	$ 8	$ 11

ALLOWANCE FOR LOAN LOSSES - Inv

ALLOWANCE FOR LOAN LOSSES - Investment in impaired loans and related interest income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Average loan balance:
Average investment in impaired loans	$ 607	$ 240	$ 1,913
Interest income recognized:
Interest income recognized on a cash basis on impaired loans	30		12
Commercial [Member]
Average loan balance:
Average investment in impaired loans	597	228	1,075
Interest income recognized:
Interest income recognized on a cash basis on impaired loans	30		12
Commercial loans secured by non-owner occupied real estate [Member]
Average loan balance:
Average investment in impaired loans	$ 10	$ 12	$ 838

ALLOWANCE FOR LOAN LOSSES - Com

ALLOWANCE FOR LOAN LOSSES - Commercial and commercial real estate loan portfolios (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Loan portfolio summarized by the aggregate Pass and the criticized categories of Special Mention, Substandard and Doubtful within the internal risk rating system
Loan portfolio	$ 882,706	$ 862,282
Commercial Portfolio Segment [Member]
Loan portfolio summarized by the aggregate Pass and the criticized categories of Special Mention, Substandard and Doubtful within the internal risk rating system
Loan portfolio	629,212	606,727
Commercial and Industrial [Member]
Loan portfolio summarized by the aggregate Pass and the criticized categories of Special Mention, Substandard and Doubtful within the internal risk rating system
Loan portfolio	173,922	158,279
Commercial and Industrial [Member] | Commercial Portfolio Segment [Member]
Loan portfolio summarized by the aggregate Pass and the criticized categories of Special Mention, Substandard and Doubtful within the internal risk rating system
Loan portfolio	173,922	158,279
Commercial loans secured by owner occupied real estate [Member]
Loan portfolio summarized by the aggregate Pass and the criticized categories of Special Mention, Substandard and Doubtful within the internal risk rating system
Loan portfolio	91,655	91,905
Commercial loans secured by owner occupied real estate [Member] | Commercial Portfolio Segment [Member]
Loan portfolio summarized by the aggregate Pass and the criticized categories of Special Mention, Substandard and Doubtful within the internal risk rating system
Loan portfolio	91,655	91,905
Commercial loans secured by non-owner occupied real estate [Member]
Loan portfolio summarized by the aggregate Pass and the criticized categories of Special Mention, Substandard and Doubtful within the internal risk rating system
Loan portfolio	363,635	356,543
Commercial loans secured by non-owner occupied real estate [Member] | Commercial Portfolio Segment [Member]
Loan portfolio summarized by the aggregate Pass and the criticized categories of Special Mention, Substandard and Doubtful within the internal risk rating system
Loan portfolio	363,635	356,543
Pass [Member] | Commercial Portfolio Segment [Member]
Loan portfolio summarized by the aggregate Pass and the criticized categories of Special Mention, Substandard and Doubtful within the internal risk rating system
Loan portfolio	612,116	591,461
Pass [Member] | Commercial and Industrial [Member] | Commercial Portfolio Segment [Member]
Loan portfolio summarized by the aggregate Pass and the criticized categories of Special Mention, Substandard and Doubtful within the internal risk rating system
Loan portfolio	161,147	154,510
Pass [Member] | Commercial loans secured by owner occupied real estate [Member] | Commercial Portfolio Segment [Member]
Loan portfolio summarized by the aggregate Pass and the criticized categories of Special Mention, Substandard and Doubtful within the internal risk rating system
Loan portfolio	88,942	86,997
Pass [Member] | Commercial loans secured by non-owner occupied real estate [Member] | Commercial Portfolio Segment [Member]
Loan portfolio summarized by the aggregate Pass and the criticized categories of Special Mention, Substandard and Doubtful within the internal risk rating system
Loan portfolio	362,027	349,954
Special Mention [Member] | Commercial Portfolio Segment [Member]
Loan portfolio summarized by the aggregate Pass and the criticized categories of Special Mention, Substandard and Doubtful within the internal risk rating system
Loan portfolio	2,237	12,174
Special Mention [Member] | Commercial and Industrial [Member] | Commercial Portfolio Segment [Member]
Loan portfolio summarized by the aggregate Pass and the criticized categories of Special Mention, Substandard and Doubtful within the internal risk rating system
Loan portfolio	853	2,089
Special Mention [Member] | Commercial loans secured by owner occupied real estate [Member] | Commercial Portfolio Segment [Member]
Loan portfolio summarized by the aggregate Pass and the criticized categories of Special Mention, Substandard and Doubtful within the internal risk rating system
Loan portfolio	1,384	3,769
Special Mention [Member] | Commercial loans secured by non-owner occupied real estate [Member] | Commercial Portfolio Segment [Member]
Loan portfolio summarized by the aggregate Pass and the criticized categories of Special Mention, Substandard and Doubtful within the internal risk rating system
Loan portfolio		6,316
Substandard [Member] | Commercial Portfolio Segment [Member]
Loan portfolio summarized by the aggregate Pass and the criticized categories of Special Mention, Substandard and Doubtful within the internal risk rating system
Loan portfolio	14,851	3,081
Substandard [Member] | Commercial and Industrial [Member] | Commercial Portfolio Segment [Member]
Loan portfolio summarized by the aggregate Pass and the criticized categories of Special Mention, Substandard and Doubtful within the internal risk rating system
Loan portfolio	11,922	1,680
Substandard [Member] | Commercial loans secured by owner occupied real estate [Member] | Commercial Portfolio Segment [Member]
Loan portfolio summarized by the aggregate Pass and the criticized categories of Special Mention, Substandard and Doubtful within the internal risk rating system
Loan portfolio	1,329	1,139
Substandard [Member] | Commercial loans secured by non-owner occupied real estate [Member] | Commercial Portfolio Segment [Member]
Loan portfolio summarized by the aggregate Pass and the criticized categories of Special Mention, Substandard and Doubtful within the internal risk rating system
Loan portfolio	1,600	262
Doubtful [Member] | Commercial Portfolio Segment [Member]
Loan portfolio summarized by the aggregate Pass and the criticized categories of Special Mention, Substandard and Doubtful within the internal risk rating system
Loan portfolio	8	11
Doubtful [Member] | Commercial loans secured by non-owner occupied real estate [Member] | Commercial Portfolio Segment [Member]
Loan portfolio summarized by the aggregate Pass and the criticized categories of Special Mention, Substandard and Doubtful within the internal risk rating system
Loan portfolio	$ 8	$ 11

ALLOWANCE FOR LOAN LOSSES - Res

ALLOWANCE FOR LOAN LOSSES - Residential and consumer portfolio (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Performing and non-performing outstanding balances of the residential and consumer portfolios
Loan portfolio	$ 882,706	$ 862,282
Real estate - residential mortgage [Member]
Performing and non-performing outstanding balances of the residential and consumer portfolios
Loan portfolio	235,239	237,964
Consumer [Member]
Performing and non-performing outstanding balances of the residential and consumer portfolios
Loan portfolio	18,255	17,591
Residential and Consumer
Performing and non-performing outstanding balances of the residential and consumer portfolios
Loan portfolio	253,494	255,555
Performing [Member] | Real estate - residential mortgage [Member]
Performing and non-performing outstanding balances of the residential and consumer portfolios
Loan portfolio	233,760	236,754
Performing [Member] | Consumer [Member]
Performing and non-performing outstanding balances of the residential and consumer portfolios
Loan portfolio	18,255	17,591
Performing [Member] | Residential and Consumer
Performing and non-performing outstanding balances of the residential and consumer portfolios
Loan portfolio	252,015	254,345
Non-Performing [Member] | Real estate - residential mortgage [Member]
Performing and non-performing outstanding balances of the residential and consumer portfolios
Loan portfolio	1,479	1,210
Non-Performing [Member] | Consumer [Member]
Performing and non-performing outstanding balances of the residential and consumer portfolios
Loan portfolio	0	0
Non-Performing [Member] | Residential and Consumer
Performing and non-performing outstanding balances of the residential and consumer portfolios
Loan portfolio	$ 1,479	$ 1,210

ALLOWANCE FOR LOAN LOSSES - Cre

ALLOWANCE FOR LOAN LOSSES - Credit quality of the loan portfolio (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Current	$ 878,307	$ 856,020
Total Past Due	4,399	6,262
Total loans	882,706	862,282
90 Days Past Due and Still Accruing	0	0
30-59 Days Past Due [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total Past Due	2,490	4,384
60-89 Days Past Due [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total Past Due	887	502
90 Days Past Due [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total Past Due	1,022	1,376
Commercial and Industrial [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Current	173,922	158,279
Total Past Due	0	0
Total loans	173,922	158,279
90 Days Past Due and Still Accruing	0	0
Commercial and Industrial [Member] | 30-59 Days Past Due [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total Past Due	0	0
Commercial and Industrial [Member] | 60-89 Days Past Due [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total Past Due	0	0
Commercial and Industrial [Member] | 90 Days Past Due [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total Past Due	0	0
Commercial loans secured by owner occupied real estate [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Current	91,538	91,905
Total Past Due	117	0
Total loans	91,655	91,905
90 Days Past Due and Still Accruing	0	0
Commercial loans secured by owner occupied real estate [Member] | 30-59 Days Past Due [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total Past Due	117	0
Commercial loans secured by owner occupied real estate [Member] | 60-89 Days Past Due [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total Past Due	0	0
Commercial loans secured by owner occupied real estate [Member] | 90 Days Past Due [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total Past Due	0	0
Commercial loans secured by non-owner occupied real estate [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Current	363,635	355,963
Total Past Due	0	580
Total loans	363,635	356,543
90 Days Past Due and Still Accruing	0	0
Commercial loans secured by non-owner occupied real estate [Member] | 30-59 Days Past Due [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total Past Due	0	580
Commercial loans secured by non-owner occupied real estate [Member] | 60-89 Days Past Due [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total Past Due	0	0
Commercial loans secured by non-owner occupied real estate [Member] | 90 Days Past Due [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total Past Due	0	0
Real estate - residential mortgage [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Current	231,022	232,465
Total Past Due	4,217	5,499
Total loans	235,239	237,964
90 Days Past Due and Still Accruing	0	0
Real estate - residential mortgage [Member] | 30-59 Days Past Due [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total Past Due	2,331	3,651
Real estate - residential mortgage [Member] | 60-89 Days Past Due [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total Past Due	864	472
Real estate - residential mortgage [Member] | 90 Days Past Due [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total Past Due	1,022	1,376
Consumer [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Current	18,190	17,408
Total Past Due	65	183
Total loans	18,255	17,591
90 Days Past Due and Still Accruing	0	0
Consumer [Member] | 30-59 Days Past Due [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total Past Due	42	153
Consumer [Member] | 60-89 Days Past Due [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total Past Due	23	30
Consumer [Member] | 90 Days Past Due [Member]
Classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans
Total Past Due	$ 0	$ 0

ALLOWANCE FOR LOAN LOSSES - Add

ALLOWANCE FOR LOAN LOSSES - Additional information (Details) - USD ($)	3 Months Ended	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Individually Evaluated for Impairment	$ 824,000	$ 824,000	$ 11,000
Debt Instrument Non Performing Assets		$ 2,300,000	$ 1,400,000
Non-performing assets as a percent of loans	0.26%	0.26%	0.16%
Financing Receivable, Allowance for Credit Losses, Period Increase (Decrease)	$ 675,000	$ 1,400,000	$ (1,400,000)
Allowance for Loan and Lease Losses Write-offs, Net		$ 192,000	$ 943,000	$ 51,800
Allowance For Loan And Lease Losses Write Off Percentage		0.02%	0.11%	0.06%
Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Individually Evaluated for Impairment	816,000	$ 816,000	$ 0
Minimum aggregate balances for commercial loan relationship under structure loan rating process	1,000,000	1,000,000
Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Minimum individual loan balance requiring quarterly review	2,000,000	2,000,000
Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable Threshold For Individually Evaluating Of Impairment	250,000	250,000
Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable Threshold For Individually Evaluating Of Impairment	250,000	250,000
Substandard [Member] | Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Outstanding balance of commercial loan, downgraded		6,500,000
Doubtful [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Minimum individual loan balance requiring quarterly review	100,000	$ 100,000
Minimum | Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Minimum percent of portfolio to be reviewed		50.00%
Minimum | Consumer and Residential Mortgage Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Individually Evaluated for Impairment	$ 150,000	$ 150,000
Maximum | Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Minimum percent of portfolio to be reviewed		55.00%

NON-PERFORMING ASSETS INCLUDI_3

NON-PERFORMING ASSETS INCLUDING TROUBLED DEBT RESTRUCTURINGS (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Non-Performing assets including TDR
Non-accrual loans	$ 1,487	$ 1,221
Other real estate owned	37	157
TDR's not in non-accrual	815	0
Total non-performing assets including TDR	$ 2,339	$ 1,378
Total non-performing assets as a percent of loans, net of unearned income, and other real estate owned	0.26%	0.16%
Commercial loans secured by non-owner occupied real estate [Member]
Non-Performing assets including TDR
Non-accrual loans	$ 8	$ 11
Commercial loans secured by owner occupied real estate [Member]
Non-Performing assets including TDR
Other real estate owned	0	157
Real estate - residential mortgage [Member]
Non-Performing assets including TDR
Non-accrual loans	1,479	1,210
Other real estate owned	$ 37	$ 0

NON-PERFORMING ASSETS INCLUDI_4

NON-PERFORMING ASSETS INCLUDING TROUBLED DEBT RESTRUCTURINGS - Loans in accrual and non-accrual status (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Loans in accrual status [Member] | Commercial and Industrial [Member]
Schedule of TDRs
Number of loans	2
Current Balance	$ 816
Concession Granted	Extension of maturity date with a below market interest rate
Loans in non-accrual status [Member] | Commercial loans secured by non-owner occupied real estate [Member]
Schedule of TDRs
Number of loans	1	1
Current Balance	$ 8	$ 11
Concession Granted	Extension of maturity date	Extension of maturity date

NON-PERFORMING ASSETS INCLUDI_5

NON-PERFORMING ASSETS INCLUDING TROUBLED DEBT RESTRUCTURINGS - Additional information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Aggregate of multiple consecutive maturity date extensions delay in payment, days	120 days
ALL reserve for TDR's	$ 92,000	$ 11,000
Residential Real Estate [Member]
Other Assets, Noncurrent	37,000	$ 0
Residential Mortgages [Member]
Mortgage Loans in Process of Foreclosure, Amount	$ 267,000

PREMISES AND EQUIPMENT (Details

PREMISES AND EQUIPMENT (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
PREMISES AND EQUIPMENT
Cost	$ 38,715	$ 37,904
Less: Accumulated depreciation and amortization	24,072	24,556
Premises and equipment, net	14,643	13,348
Land [Member]
PREMISES AND EQUIPMENT
Cost	1,198	1,198
Premises [Member]
PREMISES AND EQUIPMENT
Cost	27,711	27,160
Furniture and equipment [Member]
PREMISES AND EQUIPMENT
Cost	8,632	9,085
Leasehold Improvements [Member]
PREMISES AND EQUIPMENT
Cost	$ 1,174	$ 461

PREMISES AND EQUIPMENT - Additi

PREMISES AND EQUIPMENT - Additional information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
PREMISES AND EQUIPMENT
Depreciation	$ 1,500,000	$ 1,500,000	$ 1,700,000
Director [Member]
PREMISES AND EQUIPMENT
Related Party Transaction, Amounts of Transaction	$ 218,000	$ 221,000	$ 216,000

LEASE COMMITMENTS (Details)

LEASE COMMITMENTS (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
LEASE COMMITMENTS
Amortization of right-of-use asset	$ 258,000
Interest expense	117,000	$ 0	$ 0
Operating lease cost	117,000	$ 415,000	$ 571,000
Total lease cost	$ 492,000

LEASE COMMITMENTS - leases outs

LEASE COMMITMENTS - leases outstanding - (Details)	Dec. 31, 2019
LEASE COMMITMENTS
Operating Lease, Weighted-average remaining term	11 years 10 months 24 days
Financing Lease, Weighted-average remaining term	17 years 1 month 6 days
Operating Lease, Weighted-average discount rate	3.46%
Financing Lease, Weighted-average discount rate	3.60%

LEASE COMMITMENTS - Operating a

LEASE COMMITMENTS - Operating and financing leases - (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
LEASE COMMITMENTS
Operating lease, Within 1 year	$ 118
Operating lease, After 1 year but within 2 years	120
Operating lease, After 2 years but within 3 years	98
Operating lease, After 3 years but within 4 years	69
Operating lease, After 4 years but within 5 years	69
Operating lease, After 5 years	589
Total undiscounted cash flows	1,063
Discount on cash flows	(198)
Total lease liabilities	865	$ 0
Financing lease, Within 1 year	296
Financing lease, After 1 year but within 2 years	275
Financing lease, After 2 years but within 3 years	277
Financing lease, After 3 years but within 4 years	274
Financing lease, After 4 years but within 5 years	236
Financing lease, After 5 years	3,007
Total undiscounted cash flows	4,365
Discount on cash flows	(1,202)
Total lease liabilities	$ 3,163	$ 0

DEPOSITS (Details)

DEPOSITS (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Demand:
Non-interest bearing	$ 136,462	$ 150,627
Interest bearing	177,767	169,151
Savings	95,933	97,406
Money market	208,343	221,398
Certificates of deposit in denominations of $100,000 or more	38,770	34,841
Other time	303,238	275,748
Total deposits	$ 960,513	$ 949,171

DEPOSITS - Deposits and certifi

DEPOSITS - Deposits and certificates of deposit (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
OTHER TIME DEPOSITS
2020	$ 143,337
2021	102,425
2022	19,740
2023	20,242
2024	11,473
2025 and after	6,021
Total	303,238
CERTIFICATES OF DEPOSIT OF $100,000 OR MORE
2020	33,445
2021	4,818
2022	107
2023	400
2024	0
2025 and after	0
Total	38,770	$ 34,841
TOTAL
2020	176,782
2021	107,243
2022	19,847
2023	20,642
2024	11,473
2025 and after	6,021
Total	$ 342,008

DEPOSITS - Additional informati

DEPOSITS - Additional information (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Time Deposits	$ 342,008,000
Time Deposits, at or Above FDIC Insurance Limit	250,000	$ 250,000
FDIC Insurance Limit [Member]
Time Deposits	$ 69,000,000	$ 61,100,000

SHORT-TERM BORROWINGS (Details)

SHORT-TERM BORROWINGS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
SHORT-TERM BORROWINGS
Balance	$ 22,412	$ 41,029
Federal Funds Purchased [Member]
SHORT-TERM BORROWINGS
Balance	0	0	$ 0
Maximum balance at any month end	0	0	0
Average balance during year	$ 58	$ 54	$ 54
Average rate paid for the year	3.04%	1.70%	0.95%
Interest rate on year-end balance	0.00%	0.00%	0.00%
Short-Term Borrowings [Member]
SHORT-TERM BORROWINGS
Balance	$ 22,412	$ 41,029	$ 49,084
Maximum balance at any month end	49,615	82,932	51,760
Average balance during year	$ 11,030	$ 33,073	$ 16,918
Average rate paid for the year	2.59%	2.17%	1.21%
Interest rate on year-end balance	1.81%	2.62%	1.54%

ADVANCES FROM FEDERAL HOME LO_3

ADVANCES FROM FEDERAL HOME LOAN BANK, GUARANTEED JUNIOR SUBORDINATED DEFERRABLE INTEREST DEBENTURES AND SUBORDINATED DEBT (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
WEIGHTED AVERAGE YIELD
2020	1.75%	1.51%
2021	2.28%	1.74%
2022	2.21%	2.28%
2023	2.48%	2.86%
2024	1.86%	2.86%
Total advances from FHLB	2.08%	1.98%
BALANCE
2020	$ 18,729	$ 12,500
2021	9,496	16,729
2022	17,838	9,496
2023	5,568	6,996
2024	2,037	1,000
Total advances from FHLB	$ 53,668	$ 46,721

ADVANCES FROM FEDERAL HOME LO_4

ADVANCES FROM FEDERAL HOME LOAN BANK, GUARANTEED JUNIOR SUBORDINATED DEFERRABLE INTEREST DEBENTURES AND SUBORDINATED DEBT - Additional information (Details) - USD ($) $ in Thousands	24 Months Ended
	Dec. 31, 2005	Dec. 31, 2019	Dec. 31, 2018	Jan. 27, 2016	Dec. 31, 2015	Dec. 29, 2015	Apr. 28, 1998
Federal Home Loan Bank, Advances, General Debt Obligations, Amount of Available, Unused Funds		$ 358,000
Junior Subordinated Notes		12,955	$ 12,939
Subordinated Debt		7,511	7,488
Available Unsecured Federal Funds		35,000
Subordinated Debt [Member]
Debt Instrument, Face Amount						$ 7,650
Debt Instrument, Interest Rate, Stated Percentage					6.50%
Cash Redemption Of SBLF Preferred Stock				$ 21,000
Guaranteed Junior Subordinated Deferrable Interest Debentures [Member]
Debt Instrument, Face Amount							$ 34,500
Debt Instrument, Interest Rate, Stated Percentage							8.45%
Early Repayment of Subordinated Debt	$ 22,500
Junior Subordinated Notes		13,000	$ 12,900
Federal Reserve Bank [Member]
Availability Of Short term Borrowings Federal Reserve		$ 30,000

DISCLOSURES ABOUT FAIR VALUE _4

DISCLOSURES ABOUT FAIR VALUE MEASUREMENTS - Schedule of assets and liability measured and recorded on the Consolidated Balance Sheets (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
DISCLOSURES ABOUT FAIR VALUE MEASUREMENTS
Equity securities	$ 366
Available for sale	141,749	$ 146,731
Fair value swap asset	959	257
Fair value swap liability	(959)	(257)
U.S. Agency
DISCLOSURES ABOUT FAIR VALUE MEASUREMENTS
Available for sale	5,116	7,529
Municipal
DISCLOSURES ABOUT FAIR VALUE MEASUREMENTS
Available for sale	15,170	13,181
Corporate bonds [Member]
DISCLOSURES ABOUT FAIR VALUE MEASUREMENTS
Available for sale	39,830	36,494
U.S. Agency mortgage-backed securities
DISCLOSURES ABOUT FAIR VALUE MEASUREMENTS
Available for sale	81,633	89,527
Level 1 [Member]
DISCLOSURES ABOUT FAIR VALUE MEASUREMENTS
Equity securities	366
Fair value swap asset	0	0
Fair value swap liability	0	0
Level 1 [Member] | U.S. Agency
DISCLOSURES ABOUT FAIR VALUE MEASUREMENTS
Available for sale	0	0
Level 1 [Member] | Municipal
DISCLOSURES ABOUT FAIR VALUE MEASUREMENTS
Available for sale	0	0
Level 1 [Member] | Corporate bonds [Member]
DISCLOSURES ABOUT FAIR VALUE MEASUREMENTS
Available for sale	0	0
Level 1 [Member] | U.S. Agency mortgage-backed securities
DISCLOSURES ABOUT FAIR VALUE MEASUREMENTS
Available for sale	0	0
Level 2 [Member]
DISCLOSURES ABOUT FAIR VALUE MEASUREMENTS
Fair value swap asset	959	257
Fair value swap liability	(959)	(257)
Level 2 [Member] | U.S. Agency
DISCLOSURES ABOUT FAIR VALUE MEASUREMENTS
Available for sale	5,116	7,529
Level 2 [Member] | Municipal
DISCLOSURES ABOUT FAIR VALUE MEASUREMENTS
Available for sale	15,170	13,181
Level 2 [Member] | Corporate bonds [Member]
DISCLOSURES ABOUT FAIR VALUE MEASUREMENTS
Available for sale	39,830	36,494
Level 2 [Member] | U.S. Agency mortgage-backed securities
DISCLOSURES ABOUT FAIR VALUE MEASUREMENTS
Available for sale	81,633	89,527
Level 3 [Member]
DISCLOSURES ABOUT FAIR VALUE MEASUREMENTS
Equity securities	0
Fair value swap asset	0	0
Fair value swap liability	0	0
Level 3 [Member] | U.S. Agency
DISCLOSURES ABOUT FAIR VALUE MEASUREMENTS
Available for sale	0	0
Level 3 [Member] | Municipal
DISCLOSURES ABOUT FAIR VALUE MEASUREMENTS
Available for sale	0	0
Level 3 [Member] | Corporate bonds [Member]
DISCLOSURES ABOUT FAIR VALUE MEASUREMENTS
Available for sale	0	0
Level 3 [Member] | U.S. Agency mortgage-backed securities
DISCLOSURES ABOUT FAIR VALUE MEASUREMENTS
Available for sale	$ 0	$ 0

DISCLOSURES ABOUT FAIR VALUE _5

DISCLOSURES ABOUT FAIR VALUE MEASUREMENTS - Schedule of assets measured and recorded at fair value on a non-recurring basis (Details) - USD ($)		12 Months Ended
		Dec. 31, 2019		Dec. 31, 2018
DISCLOSURES ABOUT FAIR VALUE MEASUREMENTS
Impaired loan with carrying value		$ 263,000		$ 11,000
Specific valuation allowance		8,000		11,000
Impaired loans		255,000		0
Fair Value Measurements, Nonrecurring Basis [Member]
DISCLOSURES ABOUT FAIR VALUE MEASUREMENTS
Impaired loans		255,000		0
Other real estate owned		$ 37,000		$ 157,000
Fair Value Measurements, Nonrecurring Basis [Member] | Impaired loans
DISCLOSURES ABOUT FAIR VALUE MEASUREMENTS
Valuation Techniques	[1],[2]	Appraisal of collateral		Appraisal of collateral
Fair Value Measurements, Nonrecurring Basis [Member] | Other real estate owned
DISCLOSURES ABOUT FAIR VALUE MEASUREMENTS
Valuation Techniques		Appraisal of collateral	[1],[2]	Appraisal of collateral
Fair Value Measurements, Nonrecurring Basis [Member] | Minimum | Impaired loans
DISCLOSURES ABOUT FAIR VALUE MEASUREMENTS
Appraisal adjustments		0.00%
Fair Value Measurements, Nonrecurring Basis [Member] | Minimum | Other real estate owned
DISCLOSURES ABOUT FAIR VALUE MEASUREMENTS
Appraisal adjustments		0.00%		0.00%
Liquidation expenses		21.00%		21.00%
Fair Value Measurements, Nonrecurring Basis [Member] | Maximum | Impaired loans
DISCLOSURES ABOUT FAIR VALUE MEASUREMENTS
Appraisal adjustments		100.00%		100.00%
Fair Value Measurements, Nonrecurring Basis [Member] | Maximum | Other real estate owned
DISCLOSURES ABOUT FAIR VALUE MEASUREMENTS
Appraisal adjustments		57.00%		39.00%
Liquidation expenses		134.00%		195.00%
Fair Value Measurements, Nonrecurring Basis [Member] | Wgtd Ave | Impaired loans
DISCLOSURES ABOUT FAIR VALUE MEASUREMENTS
Appraisal adjustments		3.00%		100.00%
Fair Value Measurements, Nonrecurring Basis [Member] | Wgtd Ave | Other real estate owned
DISCLOSURES ABOUT FAIR VALUE MEASUREMENTS
Appraisal adjustments		38.00%		8.00%
Liquidation expenses		30.00%		40.00%
Fair Value Measurements, Nonrecurring Basis [Member] | Level 1 [Member]
DISCLOSURES ABOUT FAIR VALUE MEASUREMENTS
Impaired loans		$ 0		$ 0
Other real estate owned		0		0
Fair Value Measurements, Nonrecurring Basis [Member] | Level 2 [Member]
DISCLOSURES ABOUT FAIR VALUE MEASUREMENTS
Impaired loans		0		0
Other real estate owned		0		0
Fair Value Measurements, Nonrecurring Basis [Member] | Level 3 [Member]
DISCLOSURES ABOUT FAIR VALUE MEASUREMENTS
Impaired loans		255,000		0
Other real estate owned		$ 37,000		$ 157,000
[1]	Appraisals may be adjusted by management for qualitative factors such as economic conditions.
[2]	Fair Value is generally determined through independent appraisals of the underlying collateral, which generally include various level 3 inputs which are not identifiable. Also includes qualitative adjustments by management and estimated liquidation expenses.

DISCLOSURES ABOUT FAIR VALUE _6

DISCLOSURES ABOUT FAIR VALUE OF FINANCIAL INSTRUMENTS - Schedule of estimated fair value and recorded carrying value (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
FINANCIAL ASSETS: Carrying Value
Investment securities - HTM, Carrying Value	$ 39,936	$ 40,760
Loans held for sale	4,868	847
Loans, net of allowance for loan loss and unearned income, Carrying Value	873,427	853,611
Investment securities - HTM, Fair Value	41,082	40,324
Loans held for sale, Fair Value	4,970	871
Loans, net of allowance for loan loss and unearned income, Fair Value	873,908	836,122
FINANCIAL LIABILITIES: Carrying Value
Deposits with no stated maturities, Carrying Value	651,469	671,666
Deposits with stated maturities, Carrying Value	309,044	277,505
All other borrowings, Carrying Value	74,134	67,148
Deposits with no stated maturities, Fair Value	631,023	627,323
Deposits with stated maturities, Fair Value	310,734	277,010
All other borrowings, Fair Value	$ 76,323	69,692
Assets and liabilities considered financial instruments, percentage	90.00%
Level 1 [Member]
FINANCIAL ASSETS: Carrying Value
Investment securities - HTM, Fair Value	$ 0	0
Loans held for sale, Fair Value	4,970	871
Loans, net of allowance for loan loss and unearned income, Fair Value	0	0
FINANCIAL LIABILITIES: Carrying Value
Deposits with no stated maturities, Fair Value	0	0
Deposits with stated maturities, Fair Value	0	0
All other borrowings, Fair Value	0	0
Level 2 [Member]
FINANCIAL ASSETS: Carrying Value
Investment securities - HTM, Fair Value	38,129	37,398
Loans held for sale, Fair Value	0	0
Loans, net of allowance for loan loss and unearned income, Fair Value	0	0
FINANCIAL LIABILITIES: Carrying Value
Deposits with no stated maturities, Fair Value	0	0
Deposits with stated maturities, Fair Value	0	0
All other borrowings, Fair Value	0	0
Level 3 [Member]
FINANCIAL ASSETS: Carrying Value
Investment securities - HTM, Fair Value	2,953	2,926
Loans held for sale, Fair Value	0	0
Loans, net of allowance for loan loss and unearned income, Fair Value	873,908	836,122
FINANCIAL LIABILITIES: Carrying Value
Deposits with no stated maturities, Fair Value	631,023	627,323
Deposits with stated maturities, Fair Value	310,734	277,010
All other borrowings, Fair Value	$ 76,323	$ 69,692

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
INCOME TAXES
Current									$ 1,393	$ (988)	$ 1,084
Deferred									179	2,665	1,679
Change in corporate tax rate									0	0	2,624
Income Tax Expense (Benefit), Total	$ 169	$ 442	$ 470	$ 491	$ 499	$ 270	$ 453	$ 455	$ 1,572	$ 1,677	$ 5,387

INCOME TAXES - Reconciliation (

INCOME TAXES - Reconciliation (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
AMOUNT
Income tax expense based on federal statutory rate									$ 1,596	$ 1,983	$ 2,951
Tax exempt income									(131)	(131)	(283)
Other									107	(175)	95
Change in corporate tax rate									0	0	2,624
Income Tax Expense (Benefit), Total	$ 169	$ 442	$ 470	$ 491	$ 499	$ 270	$ 453	$ 455	$ 1,572	$ 1,677	$ 5,387
RATE
Income tax expense based on federal statutory rate									21.00%	21.00%	34.00%
Tax exempt income									(1.40%)	(1.40%)	(3.30%)
Other									1.10%	(1.80%)	1.00%
Change in corporate tax rate									0.00%	0.00%	30.40%
Total expense for income taxes									20.70%	17.80%	62.10%

INCOME TAXES - Deferred tax ass

INCOME TAXES - Deferred tax assets and liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
DEFERRED TAX ASSETS:
Allowance for loan losses	$ 1,949	$ 1,821
Unfunded commitment reserve	215	187
Unrealized investment security losses	0	374
Premises and equipment	1,129	1,056
Accrued pension obligation	1,093	144
Other	230	255
Total tax assets	4,616	3,837
DEFERRED TAX LIABILITIES:
Investment accretion	(82)	(90)
Unrealized investment security gains	(456)	0
Other	(102)	(110)
Total tax liabilities	(640)	(200)
Deferred Tax Assets, Net, Total	$ 3,976	$ 3,637

INCOME TAXES - Change in net de

INCOME TAXES - Change in net deferred tax assets and liabilities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
INCOME TAXES
Unrealized (gains) losses recognized in comprehensive income	$ (830)	$ 288
Pension obligation of the defined benefit plan not yet recognized in income	1,348	51	$ (442)
Deferred provision for income taxes	(179)	(2,665)	(1,679)
Net decrease	339	(2,326)
Effective Income Tax Rate Reconciliation, Change in Enacted Tax Rate, Amount	$ 0	$ 0	$ 2,624

INCOME TAXES - Additional infor

INCOME TAXES - Additional information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Tax Credit Carryforward, Amount		$ 287,000
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21.00%	21.00%	34.00%
Tax Credit Carry forward Percentage	100.00%
Alternative Minimum Tax Credits [Member]
Tax Credit Carry forward Percentage	50.00%

EMPLOYEE BENEFIT PLANS - Change

EMPLOYEE BENEFIT PLANS - Changes in obligations and assets (Details) - Defined Benefit Pension Items [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
CHANGE IN BENEFIT OBLIGATION:
Benefit obligation at beginning of year	$ 41,094	$ 41,013
Service cost	1,470	1,482	$ 1,516
Interest cost	1,569	1,273	1,292
Actuarial loss	7,758	823
Special/contractual termination benefits	0	63	0
Benefits paid	(2,330)	(3,560)
Benefit obligation at end of year	49,561	41,094	41,013
CHANGE IN PLAN ASSETS:
Fair value of plan assets at beginning of year	38,478	37,100
Actual return on plan assets	5,483	(1,062)
Employer contributions	3,200	6,000
Benefits paid	(2,330)	(3,560)
Fair value of plan assets at end of year	44,831	38,478	$ 37,100
Funded status of the plan	$ (4,730)	$ (2,616)

EMPLOYEE BENEFIT PLANS - Amount

EMPLOYEE BENEFIT PLANS - Amounts not recognized as components of net periodic pension cost (Details) - Defined Benefit Pension Items [Member] - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Amounts recognized in accumulated other comprehensive loss consists of:
Net actuarial loss	$ 22,113	$ 18,461
Total	$ 22,113	$ 18,461

EMPLOYEE BENEFIT PLANS - Accumu

EMPLOYEE BENEFIT PLANS - Accumulated benefit obligation (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Defined Benefit Pension Items [Member]
Defined Benefit Plan Disclosure [Line Items]
Accumulated benefit obligation	$ 45,501	$ 37,695

EMPLOYEE BENEFIT PLANS - Weight

EMPLOYEE BENEFIT PLANS - Weighted-average assumptions used to determine benefit obligations (Details)	Dec. 31, 2019	Dec. 31, 2018
WEIGHTED AVERAGE ASSUMPTIONS:
Discount rate	3.20%	4.28%
Salary scale	2.50%	2.50%

EMPLOYEE BENEFIT PLANS - Compon

EMPLOYEE BENEFIT PLANS - Component of net periodic benefit cost (Details) - Defined Benefit Pension Items [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Components of net periodic benefit cost
Service cost	$ 1,470	$ 1,482	$ 1,516
Interest cost	1,569	1,273	1,292
Expected return on plan assets	(3,025)	(2,798)	(2,539)
Special termination benefit liability	0	63	0
Recognized net actuarial loss	1,649	1,548	1,454
Net periodic pension cost	$ 1,663	$ 1,568	$ 1,723

EMPLOYEE BENEFIT PLANS - Chan_2

EMPLOYEE BENEFIT PLANS - Changes in plan assets and benefit obligations (Details) - Defined Benefit Pension Items [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
OTHER CHANGES IN PLAN ASSETS AND BENEFIT OBLIGATIONS RECOGNIZED IN OTHER COMPREHENSIVE LOSS
Net (gain) loss	$ 5,300	$ 4,683	$ (822)
Recognized loss	(1,649)	(1,548)	(1,454)
Total recognized in other comprehensive loss before tax effect	3,651	3,135	(2,276)
Total recognized in net benefit cost and other comprehensive loss before tax effect	$ 5,314	$ 4,703	$ (553)

EMPLOYEE BENEFIT PLANS - Weig_2

EMPLOYEE BENEFIT PLANS - Weighted-average assumptions used to determine net periodic benefit cost (Details) - Defined Benefit Pension Items [Member]	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
WEIGHTED AVERAGE ASSUMPTIONS:
Discount rate	4.28%	3.63%	4.12%
Expected return on plan assets	7.50%	7.50%	7.75%
Rate of compensation increase	2.50%	2.50%	2.50%

EMPLOYEE BENEFIT PLANS - Asset

EMPLOYEE BENEFIT PLANS - Asset allocation (Details) - Defined Benefit Pension Items [Member]	Dec. 31, 2019	Dec. 31, 2018
ASSET CATEGORY:
Asset allocations	100.00%	100.00%
Cash and Cash Equivalents [Member]
ASSET CATEGORY:
Asset allocations	1.00%	49.00%
Domestic equities [Member]
ASSET CATEGORY:
Asset allocations	8.00%	7.00%
Mutual funds/ETFs
ASSET CATEGORY:
Asset allocations	82.00%	42.00%
International equities
ASSET CATEGORY:
Asset allocations	1.00%	0.00%
Corporate bonds
ASSET CATEGORY:
Asset allocations	8.00%	2.00%

EMPLOYEE BENEFIT PLANS - Segreg

EMPLOYEE BENEFIT PLANS - Segregation of assets by the level of valuations inputs (Details) - Defined Benefit Pension Items [Member] - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Defined Benefit Plan, Information about Plan Assets [Abstract]
Defined Benefit Plan, Plan Assets, Amount	$ 44,831	$ 38,478	$ 37,100
Cash and Cash Equivalents [Member] | Level 1 [Member]
Defined Benefit Plan, Information about Plan Assets [Abstract]
Defined Benefit Plan, Plan Assets, Amount	186	18,939
Domestic equities [Member] | Level 1 [Member]
Defined Benefit Plan, Information about Plan Assets [Abstract]
Defined Benefit Plan, Plan Assets, Amount	3,782	2,841
International equities | Level 1 [Member]
Defined Benefit Plan, Information about Plan Assets [Abstract]
Defined Benefit Plan, Plan Assets, Amount	620	0
Mutual funds/ETFs | Level 1 [Member]
Defined Benefit Plan, Information about Plan Assets [Abstract]
Defined Benefit Plan, Plan Assets, Amount	36,469	15,808
Corporate bonds | Level 2 [Member]
Defined Benefit Plan, Information about Plan Assets [Abstract]
Defined Benefit Plan, Plan Assets, Amount	$ 3,774	$ 890

EMPLOYEE BENEFIT PLANS - Estima

EMPLOYEE BENEFIT PLANS - Estimated future benefit payments (Details) - Defined Benefit Pension Items [Member] $ in Thousands	Dec. 31, 2019USD ($)
Defined Benefit Plan, Expected Future Benefit Payment [Abstract]
2020	$ 4,096
2021	3,910
2022	4,317
2023	3,949
2024	4,205
Years 2025-2029	$ 15,975

EMPLOYEE BENEFIT PLANS - Additi

EMPLOYEE BENEFIT PLANS - Additional information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2014	Dec. 31, 2013
Defined Benefit Plan Disclosure [Line Items]
Minimum number of annual hours	1,000
Maximum percent of plan assets comprised of AmeriServ Financial, Inc. common stock	10.00%
Defined contribution plan maximum annual contribution per union employee percent	4.00%
Defined contribution plan, employer matching contribution, percent of match				6.00%	2.00%
Defined contribution plan, maximum annual contributions per employee, percent				3.00%	1.00%
Defined contribution plan, cost	$ 604,000	$ 503,000	$ 469,000
Defined benefit plan, expected amortization of gain (loss), next fiscal year	2,499,000
Other expense
Defined Benefit Plan Disclosure [Line Items]
Deferred compensation plan expense	9,000
Other liabilities
Defined Benefit Plan Disclosure [Line Items]
Deferred compensation liability	$ 366,000
Domestic equities [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, plan assets, target allocation, percentage	60.00%
Domestic equities [Member] | Minimum
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, plan assets, target allocation, percentage	50.00%
Domestic equities [Member] | Maximum
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, plan assets, target allocation, percentage	60.00%
Debt Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Employer, Related Party, Amount	$ 1,300,000
Debt Securities [Member] | Minimum
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, plan assets, target allocation, percentage	40.00%
Debt Securities [Member] | Maximum
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, plan assets, target allocation, percentage	50.00%
Defined Benefit Pension Items [Member]
Defined Benefit Plan Disclosure [Line Items]
Maximum percent of plan assets comprised of AmeriServ Financial, Inc. common stock	10.00%
Expected return on plan assets	7.50%	7.50%	7.75%
Defined benefit plan percent of assets comprised of entity common stock	2.80%
Defined benefit plan, expected future employer contributions, next fiscal year	$ 4,000,000
401(k) PLAN | Debt Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Employer, Related Party, Amount	$ 924,000

COMMITMENTS AND CONTINGENT LI_2

COMMITMENTS AND CONTINGENT LIABILITIES (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Loss Contingencies [Line Items]
Carrying value of commitment	$ 1,025,000	$ 889,000
Commitments to extend credit [Member]
Loss Contingencies [Line Items]
Amount of commitment	195,500,000	177,800,000
Standby letters of Credit [Member]
Loss Contingencies [Line Items]
Amount of commitment	14,700,000	16,700,000
Amount of commitments secured	$ 9,200,000	$ 11,000,000
Standby letters of Credit [Member] | Maximum
Loss Contingencies [Line Items]
Term of commitment	5 years
Standby letters of Credit [Member] | Minimum
Loss Contingencies [Line Items]
Term of commitment	1 year

STOCK COMPENSATION PLANS (Detai

STOCK COMPENSATION PLANS (Details) - $ / shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
SHARES
Outstanding at beginning of year	336,313	360,721	417,566
Granted	7,000	5,000	17,500
Exercised	(40,917)	(24,408)	(64,112)
Forfeited	(5,748)	(5,000)	(10,233)
Outstanding at end of year	296,648	336,313	360,721
Exercisable at end of year	282,565	307,814	308,301
WEIGHTED AVERAGE EXERCISE PRICE
Outstanding at beginning of year	$ 2.91	$ 2.85	$ 2.76
Granted	4.19	4.22	3.96
Exercised	2.45	2.49	2.49
Forfeited	2.44	1.92	3.10
Outstanding at end of year	3.02	2.91	2.85
Exercisable at end of year	2.96	2.86	2.79
Weighted average fair value of options granted in current year	$ 0.62	$ 0.56	$ 1.12

STOCK COMPENSATION PLANS - Pric

STOCK COMPENSATION PLANS - Pricing model assumption ranges (Details)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate	2.65%	3.13%
Expected lives in years	10 years	10 years	10 years
Expected volatility	15.75%	15.59%
Expected dividend rate	1.91%	1.90%	1.50%
Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate			2.23%
Expected volatility			28.09%
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate			2.38%
Expected volatility			28.84%

STOCK COMPENSATION PLANS - Addi

STOCK COMPENSATION PLANS - Additional information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Stock or Unit Option Plan Expense	$ 9,000	$ 17,000	$ 20,000
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized	800,000
Share-based Compensation Arrangement by Share-based Payment Award, Purchase Price of Common Stock, Percent	100.00%
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period	10 years
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	3 years
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number	296,648	336,313	360,721	417,566
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Intrinsic Value	$ 71,000	$ 42,000	$ 91,000
Range One [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Number of Exercisable Options	282,565
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Lower Range Limit	$ 1.70
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Upper Range Limit	4.22
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Exercisable Options, Weighted Average Exercise Price	$ 2.96
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Exercisable Options, Weighted Average Remaining Contractual Term	4 years 11 days
Range Two [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Number of Exercisable Options	14,083
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Lower Range Limit	$ 3.90
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Upper Range Limit	4.22
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Exercisable Options, Weighted Average Exercise Price	$ 4.14
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Exercisable Options, Weighted Average Remaining Contractual Term	8 years 7 months 21 days

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE LOSS (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	[1]	$ (14,225)	$ (12,950)	$ (11,577)
Reclassification of certain income tax effects from accumulated other comprehensive loss	[1]	0	0	(2,131)
Other comprehensive income (loss) before reclassifications	[1]	(3,156)	(2,845)	1,044
Amounts reclassified from accumulated other comprehensive loss	[1],[2]	1,210	1,570	(286)
Net current period other comprehensive income (loss)	[1]	(1,946)	(1,275)	(1,373)
Net current period other comprehensive income (loss)		(1,946)	(1,275)	758
Ending balance	[1]	(16,171)	(14,225)	(12,950)
Net Unrealized Gains and (Losses) on Investment Securities AFS [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	[1]	(1,409)	(327)	(171)
Reclassification of certain income tax effects from accumulated other comprehensive loss	[1]	0	0	(53)
Other comprehensive income (loss) before reclassifications	[1]	3,217	(1,429)	(27)
Amounts reclassified from accumulated other comprehensive loss	[1]	(93)	347	(76)
Net current period other comprehensive income (loss)	[1]	3,124	(1,082)	(156)
Ending balance	[1]	1,715	(1,409)	(327)
Defined Benefit Pension Items [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	[1]	(12,816)	(12,623)	(11,406)
Reclassification of certain income tax effects from accumulated other comprehensive loss	[1]	0	0	(2,078)
Other comprehensive income (loss) before reclassifications	[1]	(6,373)	(1,416)	1,071
Amounts reclassified from accumulated other comprehensive loss	[1]	1,303	1,223	(210)
Net current period other comprehensive income (loss)	[1]	(5,070)	(193)	(1,217)
Ending balance	[1]	$ (17,886)	$ (12,816)	$ (12,623)
[1]	Amounts in parentheses indicate debits on the Consolidated Balance Sheets.
[2]	Amounts in parentheses indicate credits.

ACCUMULATED OTHER COMPREHENSI_4

ACCUMULATED OTHER COMPREHENSIVE LOSS - Reclassification of component (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Realized (gains) losses on sale of securities
Net realized (gains) losses on investment securities	[1]	$ (118)	$ 439	$ (115)
Provision for income taxes	[1]	25	(92)	39
Net of tax	[1]	(93)	347	(76)
Amortization of estimated defined benefit pension plan loss
Other expense	[1],[2]	1,649	1,548	(318)
Provision for income taxes	[1],[2]	(346)	(325)	108
Net of tax	[1],[2]	1,303	1,223	(210)
Total reclassifications for the period	[1],[3]	$ 1,210	$ 1,570	$ (286)
[1]	Amounts in parentheses indicate credits.
[2]	These accumulated other comprehensive loss components are included in the computation of net periodic benefit cost (see Note 18 for additional details).
[3]	Amounts in parentheses indicate debits on the Consolidated Balance Sheets.

INTANGIBLE ASSETS (Details)

INTANGIBLE ASSETS (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Goodwill [Line Items]
Goodwill	$ 11,944	$ 11,944
West Chester Capital Advisors [Member]
Goodwill [Line Items]
Goodwill	2,400
Retail Banking [Member]
Goodwill [Line Items]
Goodwill	$ 9,500

DERIVATIVE HEDGING INSTRUMENT_2

DERIVATIVE HEDGING INSTRUMENTS (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Derivative, Notional Amount	$ 0	$ 0
Derivative Instruments Weighted Average Interest Rate Received Paid	0.00%	0.00%
Increase (Decrease) in Interest Expense	$ 0	$ 0
Derivative Financial Instruments, Liabilities [Member] | Swap [Member]
Derivative, Swap Type	Fair Value	Fair Value
Derivative Liability, Notional Amount	$ (31,668)	$ (19,825)
Derivative Instruments Weighted Average Interest Rate Received Paid	(4.44%)	(4.31%)
Derivative Instruments, Repricing Frequency	Monthly	Monthly
Increase (Decrease) in Interest Expense	$ 18,000	$ 41,000
Derivative Financial Instruments, Assets [Member] | Swap [Member]
Derivative, Swap Type	Fair Value	Fair Value
Derivative Asset, Notional Amount	$ 31,668	$ 19,825
Derivative Instruments Weighted Average Interest Rate Received Paid	4.44%	4.31%
Derivative Instruments, Repricing Frequency	Monthly	Monthly
Increase (Decrease) in Interest Expense	$ (18,000)	$ (41,000)

DERIVATIVE HEDGING INSTRUMENT_3

DERIVATIVE HEDGING INSTRUMENTS - Additional Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
DERIVATIVE HEDGING INSTRUMENTS
Proceeds from Fees Received	$ 120,000	$ 25,000
Derivative Notional Amount Outstanding	$ 500,000,000	$ 500,000,000

SEGMENT RESULTS (Details)

SEGMENT RESULTS (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Contribution of segments to the consolidated results of operations
Net interest income	$ 8,960	$ 8,764	$ 9,061	$ 8,657	$ 8,779	$ 9,109	$ 8,858	$ 8,748	$ 35,442	$ 35,494	$ 35,561
Provision for loan loss	975	225	0	(400)	(700)	0	50	50	800	(600)	800
Non-interest income	3,416	4,095	3,657	3,605	3,322	3,586	3,681	3,635	14,773	14,224	14,645
Non-interest expense	10,563	10,503	10,456	10,293	10,374	10,096	10,292	10,111	41,815	40,873	40,726
Income (loss) before income taxes	838	2,131	2,262	2,369	2,427	2,599	2,197	2,222	7,600	9,445	8,680
Income tax expense (benefit)	169	442	470	491	499	270	453	455	1,572	1,677	5,387
Net income (loss)	669	$ 1,689	$ 1,792	$ 1,878	1,928	$ 2,329	$ 1,744	$ 1,767	6,028	7,768	3,293
Assets	1,171,184				1,160,680				1,171,184	1,160,680	1,167,655
Community Banking [Member]
Contribution of segments to the consolidated results of operations
Net interest income									40,865	39,195	39,183
Provision for loan loss									800	(600)	800
Non-interest income									5,407	4,832	5,370
Non-interest expense									31,856	30,809	31,139
Income (loss) before income taxes									13,616	13,818	12,614
Income tax expense (benefit)									2,715	2,764	4,023
Net income (loss)									10,901	11,054	8,591
Assets	981,787				966,910				981,787	966,910	993,689
Wealth Management [Member]
Contribution of segments to the consolidated results of operations
Net interest income									81	71	61
Provision for loan loss									0	0	0
Non-interest income									9,736	9,651	9,170
Non-interest expense									7,340	7,319	7,054
Income (loss) before income taxes									2,477	2,403	2,177
Income tax expense (benefit)									593	554	812
Net income (loss)									1,884	1,849	1,365
Assets	10,361				9,345				10,361	9,345	8,703
Investment or Parent [Member]
Contribution of segments to the consolidated results of operations
Net interest income									(5,504)	(3,772)	(3,683)
Provision for loan loss									0	0	0
Non-interest income									(370)	(259)	105
Non-interest expense									2,619	2,745	2,533
Income (loss) before income taxes									(8,493)	(6,776)	(6,111)
Income tax expense (benefit)									(1,736)	(1,641)	552
Net income (loss)									(6,757)	(5,135)	(6,663)
Assets	$ 179,036				$ 184,425				$ 179,036	$ 184,425	$ 165,263

REGULATORY CAPITAL (Details)

REGULATORY CAPITAL (Details) - USD ($) $ in Thousands		Dec. 31, 2019	Dec. 31, 2018
Summarized regulatory capital ratio of company
Total Capital (To RWA), Actual Amount		$ 119,477	$ 115,451
Tier 1 Common Equity (To RWA), Actual Amount		109,173	105,891
Tier 1 Capital (To RWA), Actual Amount		109,173	105,891
Tier 1 Capital (To Average Assets), Actual Amount		$ 109,173	$ 105,891
Total Capital (To RWA), Actual Ratio		12.23%	12.14%
Tier 1 Common Equity (To RWA), Actual Ratio		11.17%	11.14%
Tier 1 Capital (To RWA), Actual Ratio		11.17%	11.14%
Tier 1 Capital (To Average Assets), Actual Ratio		9.50%	9.28%
Total Capital (To RWA), Minimum Required For Capital Adequacy Purpose		8.00%	8.00%
Tier 1 Common Equity (To RWA), Minimum Required For Capital Adequacy Purpose		4.50%	4.50%
Tier 1 Capital (To RWA), Minimum Required For Capital Adequacy Purpose		6.00%	6.00%
Tier 1 Capital (To Average Assets), Minimum Required For Capital Adequacy Purpose		4.00%	4.00%
Total Capital (To RWA), To Be Will Capitalized Under Prompt Corrective Action Regulations	[1]	10.00%	10.00%
Tier 1 Common Equity (To RWA), To Be Will Capitalized Under Prompt Corrective Action Regulations	[1]	6.50%	6.50%
Tier 1 Capital (To RWA), To Be Well Capitalized Under Prompt Corrective Action Regulations	[1]	8.00%	8.00%
Tier 1 Capital (To Average Assets), To Be Will Capitalized Under Prompt Corrective Action Regulations	[1]	5.00%	5.00%
Parent Company [Member]
Summarized regulatory capital ratio of company
Total Capital (To RWA), Actual Amount		$ 132,544	$ 129,178
Tier 1 Common Equity (To RWA), Actual Amount		102,841	100,258
Tier 1 Capital (To RWA), Actual Amount		114,729	112,130
Tier 1 Capital (To Average Assets), Actual Amount		$ 114,729	$ 112,130
Total Capital (To RWA), Actual Ratio		13.49%	13.53%
Tier 1 Common Equity (To RWA), Actual Ratio		10.47%	10.50%
Tier 1 Capital (To RWA), Actual Ratio		11.68%	11.74%
Tier 1 Capital (To Average Assets), Actual Ratio		9.87%	9.71%
[1]	Applies to the Bank only.

REGULATORY CAPITAL - Additional

REGULATORY CAPITAL - Additional Information (Details)	Dec. 31, 2019	Dec. 31, 2018
REGULATORY CAPITAL
Tangible Capital to Tangible Assets	7.48%	7.49%

PARENT COMPANY FINANCIAL INFO_3

PARENT COMPANY FINANCIAL INFORMATION - BALANCE SHEETS (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
ASSETS
Cash	$ 15,642	$ 27,970
Short-term investments in money market funds	3,771	4,184
Cash and cash equivalents	22,168	34,894
Investment securities available for sale	141,749	146,731
Other assets	6,074	6,379
TOTAL ASSETS	1,171,184	1,160,680	$ 1,167,655
LIABILITIES
Guaranteed junior subordinated deferrable interest debentures, net	12,955	12,939
Subordinated debt, net	7,511	7,488
Other liabilities	11,483	5,355
TOTAL LIABILITIES	1,072,570	1,062,703
STOCKHOLDERS' EQUITY
Total stockholders' equity	98,614	97,977	$ 95,102
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	1,171,184	1,160,680
Parent Company [Member]
ASSETS
Cash	100	100
Short-term investments in money market funds	2,544	3,711
Cash and cash equivalents	2,644	3,811
Investment securities available for sale	3,758	4,747
Other assets	978	208
TOTAL ASSETS	120,053	119,158
LIABILITIES
Guaranteed junior subordinated deferrable interest debentures, net	12,955	12,939
Subordinated debt, net	7,511	7,488
Other liabilities	973	754
TOTAL LIABILITIES	21,439	21,181
STOCKHOLDERS' EQUITY
Total stockholders' equity	98,614	97,977
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	120,053	119,158
Parent Company [Member] | Banking Subsidiary [Member]
ASSETS
Equity investment	104,843	103,647
Parent Company [Member] | Non Banking Subsidiaries [Member]
ASSETS
Equity investment	$ 7,830	$ 6,745

PARENT COMPANY FINANCIAL INFO_4

PARENT COMPANY FINANCIAL INFORMATION - STATEMENTS OF OPERATIONS (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
INCOME
Interest, dividend and other income	$ 12,405	$ 12,433	$ 12,765	$ 12,164	$ 12,125	$ 12,149	$ 11,603	$ 11,217	$ 49,767	$ 47,094	$ 44,356
EXPENSE
Interest expense	3,445	3,669	3,704	3,507	3,346	3,040	2,745	2,469	14,325	11,600	8,795
Salaries and employee benefits									25,429	24,358	23,920
Other expense									5,654	5,257	5,065
INCOME BEFORE INCOME TAXES AND EQUITY IN UNDISTRIBUTED EARNINGS OF SUBSIDIARIES	838	2,131	2,262	2,369	2,427	2,599	2,197	2,222	7,600	9,445	8,680
Benefit for income taxes	169	442	470	491	499	270	453	455	1,572	1,677	5,387
NET INCOME	$ 669	$ 1,689	$ 1,792	$ 1,878	$ 1,928	$ 2,329	$ 1,744	$ 1,767	6,028	7,768	3,293
COMPREHENSIVE INCOME (LOSS)									4,082	6,493	4,051
Parent Company [Member]
INCOME
Inter-entity management and other fees									2,556	2,430	2,315
Interest, dividend and other income									186	119	163
TOTAL INCOME									7,647	7,239	6,168
EXPENSE
Interest expense									1,642	1,642	1,642
Salaries and employee benefits									2,614	2,610	2,416
Other expense									1,707	1,733	1,618
TOTAL EXPENSE									5,963	5,985	5,676
INCOME BEFORE INCOME TAXES AND EQUITY IN UNDISTRIBUTED EARNINGS OF SUBSIDIARIES									1,684	1,254	492
Benefit for income taxes									(676)	(722)	(1,114)
Equity in undistributed earnings of subsidiaries									3,668	5,792	1,687
NET INCOME									6,028	7,768	3,293
COMPREHENSIVE INCOME (LOSS)									4,082	6,493	4,051
Parent Company [Member] | Banking Subsidiary [Member]
INCOME
Dividends from subsidiaries									3,800	3,500	2,850
Parent Company [Member] | Non Banking Subsidiaries [Member]
INCOME
Dividends from subsidiaries									$ 1,105	$ 1,190	$ 840

PARENT COMPANY FINANCIAL INFO_5

PARENT COMPANY FINANCIAL INFORMATION - STATEMENTS OF CASH FLOWS (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
OPERATING ACTIVITIES
Net income	$ 669	$ 1,689	$ 1,792	$ 1,878	$ 1,928	$ 2,329	$ 1,744	$ 1,767	$ 6,028	$ 7,768	$ 3,293
Adjustment to reconcile net income to net cash (used in) provided by operating activities:
Stock compensation expense, net of tax									7	14	13
Other - net									(493)	(6,188)	(1,737)
INVESTING ACTIVITIES
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale									23,559	16,299	22,311
FINANCING ACTIVITIES
Common stock dividends paid									(1,642)	(1,347)	(1,113)
NET DECREASE IN CASH AND CASH EQUIVALENTS									(12,726)	706	115
CASH AND CASH EQUIVALENTS AT JANUARY 1				34,894				34,188	34,894	34,188	34,073
CASH AND CASH EQUIVALENTS AT DECEMBER 31	22,168				34,894				22,168	34,894	34,188
Parent Company [Member]
OPERATING ACTIVITIES
Net income									6,028	7,768	3,293
Adjustment to reconcile net income to net cash (used in) provided by operating activities:
Equity in undistributed earnings of subsidiaries									(3,668)	(5,792)	(1,687)
Stock compensation expense, net of tax									7	14	13
Other - net									(427)	433	1,325
NET CASH PROVIDED BY OPERATING ACTIVITIES									1,940	2,423	2,944
INVESTING ACTIVITIES
Purchase of investment securities - available for sale									0	(1,002)	(1,002)
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale									1,085	1,462	1,699
NET CASH PROVIDED BY INVESTING ACTIVITIES									1,085	460	697
FINANCING ACTIVITIES
Purchases of treasury stock									(2,550)	(2,346)	(3,404)
Common stock dividends paid									(1,642)	(1,347)	(1,113)
NET CASH USED IN FINANCING ACTIVITIES									(4,192)	(3,693)	(4,517)
NET DECREASE IN CASH AND CASH EQUIVALENTS									(1,167)	(810)	(876)
CASH AND CASH EQUIVALENTS AT JANUARY 1				$ 3,811				$ 4,621	3,811	4,621	5,497
CASH AND CASH EQUIVALENTS AT DECEMBER 31	$ 2,644				$ 3,811				$ 2,644	$ 3,811	$ 4,621

PARENT COMPANY FINANCIAL INFO_6

PARENT COMPANY FINANCIAL INFORMATION - Additional information (Details)	Dec. 31, 2019USD ($)
PARENT COMPANY FINANCIAL INFORMATION
Dividend Payments Restrictions Schedule, Statutory Capital and Surplus	$ 108,228,000

SELECTED QUARTERLY CONSOLIDAT_3

SELECTED QUARTERLY CONSOLIDATED FINANCIAL DATA (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
SELECTED QUARTERLY CONSOLIDATED FINANCIAL DATA
Interest income	$ 12,405	$ 12,433	$ 12,765	$ 12,164	$ 12,125	$ 12,149	$ 11,603	$ 11,217	$ 49,767	$ 47,094	$ 44,356
Interest expense	3,445	3,669	3,704	3,507	3,346	3,040	2,745	2,469	14,325	11,600	8,795
Net interest income	8,960	8,764	9,061	8,657	8,779	9,109	8,858	8,748	35,442	35,494	35,561
Provision (credit) for loan losses	975	225	0	(400)	(700)	0	50	50	800	(600)	800
Net interest income after provision (credit) for loan losses	7,985	8,539	9,061	9,057	9,479	9,109	8,808	8,698	34,642	36,094	34,761
Non-interest income	3,416	4,095	3,657	3,605	3,322	3,586	3,681	3,635	14,773	14,224	14,645
Non-interest expense	10,563	10,503	10,456	10,293	10,374	10,096	10,292	10,111	41,815	40,873	40,726
Income before income taxes	838	2,131	2,262	2,369	2,427	2,599	2,197	2,222	7,600	9,445	8,680
Provision for income taxes	169	442	470	491	499	270	453	455	1,572	1,677	5,387
Net income (loss)	$ 669	$ 1,689	$ 1,792	$ 1,878	$ 1,928	$ 2,329	$ 1,744	$ 1,767	$ 6,028	$ 7,768	$ 3,293
Basic earnings per common share	$ 0.04	$ 0.10	$ 0.10	$ 0.11	$ 0.11	$ 0.13	$ 0.10	$ 0.10	$ 0.35	$ 0.43	$ 0.18
Diluted earnings per common share	0.04	0.10	0.10	0.11	0.11	0.13	0.10	0.10	0.35	0.43	0.18
Cash dividends declared per common share	$ 0.025	$ 0.025	$ 0.025	$ 0.020	$ 0.020	$ 0.020	$ 0.020	$ 0.015	$ 0.095	$ 0.075	$ 0.060