HARL Harleysville Financial Corporation (QX)

Harleysville Savings Financial Corporation (OTCQX:HARL) reported today that the Company’s Board of Directors declared a regular quarterly cash dividend of $.21 per share on the Company’s common stock. The cash dividend will be payable on November 19, 2014 to stockholders of record on November 5, 2014.

Net income for the twelve months ended September 30, 2014 amounted to $4,917,000 or $1.27 per diluted share compared to $4,813,000 or $1.25 per diluted share for the twelve months ended September 30, 2013.

Net income for the fourth quarter of fiscal year 2014 amounted to $1,202,000 or $.31 per diluted share compared to $1,147,000 or $.30 per diluted share for the fourth quarter of fiscal year 2013.

Ron Geib, Chief Executive Officer of the Company, stated, “We are pleased with the solid financial results of this fiscal year in spite of the extended low interest rate environment and overall economic uncertainty. Our credit quality remains high, we continue to focus on controlling expenses and practicing sound capital management.

We are pleased with our growth in total loans, transaction relationships, tangible book value and the interest rate spread over the prior year amount. Between the improved strength of the balance sheet and the dedicated team of employees who are committed to our culture and taking care of our customers, we look forward to the year ahead. We will continue to honor the safe and conservative principles that have served us well over the years."

The Company’s assets totaled $791.4 million compared to $810.4 million a year ago. Stockholders’ book value increased 3.01% to $16.76 per share from $16.27 a year ago.

Harleysville Savings Financial Corporation is traded on the OTCQX market under the symbol HARL ( http://www.otcmarkets.com ) and is the holding company for Harleysville Savings Bank. Established in 1915, Harleysville Savings Bank is a Pennsylvania chartered and federally insured savings bank, headquartered in Harleysville, PA. The Bank operates from six full-service offices located in Montgomery County and one full-service office located in Bucks County, Pennsylvania.

This presentation may contain forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995). Actual results may differ materially from the results discussed in these forward-looking statements. Factors that might cause such a difference include, but are not limited to, general economic conditions, changes in interest rates, deposit flows, loan demand, real estate values and competition; changes in accounting principles, policies, or guidelines; changes in legislation or regulation; and other economic; competitive, governmental, regulatory, and technological factors affecting the Company's operations, pricing, products and services.

        Harleysville Savings Financial Corporation Selected Consolidated Financial Data as of September 30, 2014 (Dollars in thousands except per share data)   Year-To-Date                    

(Unaudited)

Twelve Months Ended: Three Months Ended:   Selected Consolidated Earnings Data

Sept 30,2014

Sept 30,2013

Sept 30,2014

Jun 30,2014

Mar 31,2014

Dec 31,2013

Sept 30,2013

Total interest income $ 29,238 $ 30,587 $ 7,275 $ 7,351 $ 7,269 $ 7,343 $ 7,471 Total interest expense   10,161     12,527     2,348     2,390     2,535     2,888     2,967     Net Interest Income 19,077 18,060 4,927 4,961 4,734 4,455 4,504 Provision for loan losses   880     890     210     210     210     250     240   Net Interest Income after Provision for Loan Losses   18,197     17,170     4,717     4,751     4,524     4,205     4,264     Gain on sale of investments 709 68 114 - 291 304 - Gain on sales of loans - 624 - - - - 32 Bank owned life insurance 416 437 106 97 103 110 109 Other income 1,667 1,855 413 412 355 487 486 Total other expenses   13,632     12,982     3,401     3,594     3,380     3,257     3,273     Income before income taxes 7,357 7,172 1,949 1,666 1,893 1,849 1,618 Income tax expense   2,440     2,359     747     465     681     547     471     Net Income $ 4,917   $ 4,813   $ 1,202   $ 1,201   $ 1,212   $ 1,302   $ 1,147       Per Common Share Data Basic earnings $ 1.30 $ 1.28 $ 0.32 $ 0.32 $ 0.32 $ 0.34 $ 0.30 Diluted earnings $ 1.27 $ 1.25 $ 0.31 $ 0.31 $ 0.31 $ 0.34 $ 0.30 Dividends $ 0.84 $ 0.83 $ 0.21 $ 0.21 $ 0.21 $ 0.21 $ 0.21 Tangible book value $ 16.76 $ 16.27 $ 16.76 $ 16.65 $ 16.53 $ 16.41 $ 16.27 Shares outstanding 3,767,647 3,786,627 3,767,647 3,793,472 3,798,956 3,797,231 3,786,627 Average shares outstanding - basic 3,789,714 3,774,419 3,776,378 3,795,048 3,797,191 3,790,460 3,783,441 Average shares outstanding - diluted 3,858,312 3,863,016 3,838,189 3,858,964 3,868,522 3,872,464 3,884,851       Year-To-Date                   Twelve Months Ended: Three Months Ended: Other Selected Consolidated Data

Sept 30,2014

Sept 30,2013

Sept 30,2014

Jun 30,2014

Mar 31,2014

Dec 31,2013

Sept 30,2013

Return on average assets 0.62 % 0.60 % 0.61 % 0.60 % 0.61 % 0.65 % 0.57 % Return on average equity 7.88 % 7.96 % 7.65 % 7.65 % 7.77 % 8.43 % 7.50 % Net interest rate spread 2.30 % 2.14 % 2.40 % 2.40 % 2.28 % 2.10 % 2.12 % Net yield on interest earning assets 2.46 % 2.32 % 2.56 % 2.56 % 2.43 % 2.27 % 2.30 % Operating expenses to average assets 1.71 % 1.62 % 1.72 % 1.80 % 1.69 % 1.61 % 1.62 % Efficiency ratio 64.43 % 63.79 % 62.46 % 65.71 % 65.10 % 64.47 % 64.17 % Ratio of non-performing loans to total assets at end of period 1.53 % 1.58 % 1.53 % 1.65 % 1.53 % 1.64 % 1.58 % Loan loss reserve to total loans, net 0.66 % 0.70 % 0.66 % 0.65 % 0.66 % 0.74 % 0.70 % Stockholders' equity to assets 7.98 % 7.60 % 7.98 % 7.94 % 7.88 % 7.70 % 7.60 %                     Selected Consolidated Financial Data

Sept 30,2014

Jun 30,2014

Mar 31,2014

Dec 31,2013

Sept 30,2013

Total assets $ 791,353 $ 795,548 $ 796,887 $ 809,273 $ 810,363 Cash & investment securities 70,067 76,721 79,243 81,996 81,393 Mortgage-backed securities 176,590 186,361 194,351 206,365 213,626 Total Investments 246,657 263,082 273,594 288,361 295,019 Consumer Loans receivable 379,905 375,042 363,929 362,604 359,573 Commercial Loans receivable 127,473 120,971 122,484 122,756 120,091 Loan loss reserve (3,336 ) (3,246 ) (3,226 ) (3,567 ) (3,345 ) Total Loans receivable net 504,042 492,767 483,187 481,793 476,319 Total Loans held for sale - - - 371 373 FHLB stock 9,858 9,514 9,386 9,040 9,070 Checking accounts 113,955 118,254 117,672 112,329 110,583 Savings accounts 187,014 187,879 180,718 176,842 175,910 Certificate of deposit accounts 201,282 213,204 225,427 237,844 248,225 Total Deposits 502,251 519,337 523,817 527,015 534,718 Advances 218,467 202,381 200,291 212,160 208,058 Total stockholders' equity 63,162 63,145 62,804 62,302 61,617  

Harleysville Savings Financial CorporationBrendan J. McGillPresident /COO215-256-8828