Brief: Ameriserv Financial expects to record increased provision for loan losses and higher net loan charge-offs in Q1 2016

Ameriserv Financial

31/03/2016 21:18

March 31 (Reuters) - Ameriserv Financial Inc  ASRV.O  
    * Says expects to record increased provision for loan losses 
and higher net loan charge-offs in q1 2016 
    * Expects to record a $3 - $3.5 million provision for loan 
losses in q1 2016 largely related to a single borrower - sec 
filing 
    * Higher provision will cause the company to report a net 
loss for the first quarter of 2016 
 
Source text for Eikon:  ID:nEOL4Wjxnq  
Further company coverage:  ASRV.O  
 
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