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Profile: Harleysville Savings Financial Corp (HARL.PK)

HARL.PK on OTC Markets Group

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Harleysville Savings Financial Corporation, incorporated on November 22, 1999, is the bank holding company for Harleysville Savings Bank (the Bank). The Bank is a Pennsylvania chartered and federally insured savings bank, which is engaged in personal and business banking services. The Bank's primary business consists of attracting deposits from the general public and business customers through a range of deposit programs, and investing such deposits principally in first mortgage loans secured by residential properties in the Bank's primary market area, Montgomery County. It also offers personal and business banking services, which include checking accounts, savings and certificate of deposits (CDs), and individual retirement accounts (IRAs). The Bank serves its customers through its branch network, Internet, telephone and mobile banking. Its business banking services include business checking and savings products, business loans and credit, including letter of credits, small business loans, line of credit and business term loans. In addition, it offers other services, including online banking and bill pay, debit card and direct deposit services. The Bank operates from approximately six offices located in Montgomery County and over one office located in Bucks County, Pennsylvania.

Lending activities

The Bank originates a range of consumer loans, primarily home equity loans and lines of credit secured by residential properties; auto loans; mortgage loans; savings account loans; commercial loans, and commercial real estate loans. The Bank's residential mortgage loans total approximately $288.559 million; construction loans total approximately $6.267 million; home equity loans total approximately $91.984 million; commercial mortgages total approximately $130.221 million, and commercial business loans total approximately $8.600 million. Its total net loans are approximately $519.511 million.

Investment activities

The Bank classifies and accounts for debt and equity securities as held to maturity and available for sale. Its available for sale securities total approximately $857 thousand, and held to maturity securities total approximately $197.928 million.

Sources of Funds

The Bank has total deposits of approximately $514.2 million. The Bank's short-term borrowings are approximately $32.958 million and its long-term borrowings are approximately $152.247 million.

Company Address

Harleysville Savings Financial Corp

271 Main St
HARLEYSVILLE   PA   19438-2415
P: +1215.2568828
F: +1215.2560510

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