Harleysville Savings Financial Corporation Reports Unaudited Consolidated Financial Results for the First Quarter Ended Dec. 31, 2012; Declares Regular Quarterly Cash Dividend Payable on February 20, 2013
January 23, 2013 at 11:42 am EST
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Harleysville Savings Financial Corporation reported unaudited consolidated financial results for the first quarter ended Dec. 31, 2012. Net income for the quarter ended December 31, 2012 was $1,301,000 or $0.34 per diluted share compared to $1,364,000 or $0.36 per diluted share for the same quarter last year. Total interest income was $8,007,000 against $9,005,000 for the same period of last year. Net interest income was $4,630,000 against $5,038,000 for the same period of last year. Income before income taxes was $1,928,000 against $2,061,000 for the same period of last year. Return on average assets was 0.65% against $0.66% for the same period of last year. Return on average equity was 8.71% against $9.40% for the same period of last year.
The company declared a regular quarterly cash dividend of $0.21 per share on the company's common stock. This is an increase of 10.6% from the prior year's dividend. The cash dividend will be payable on February 20, 2013 to stockholders of record on February 6, 2013.
Harleysville Financial Corporation is the bank holding company for Harleysville Bank (the Bank). The Bank is principally in the business of attracting deposits through its branch offices and investing those deposits, together with funds from borrowings and operations. The Company provides personal banking business banking services. Its personal banking services include money market plus, trusty's club (Youth Savings), individual retirement account (IRA), certificates of deposit, auto loans, mortgage loans, home-equity loans, savings account loan, cash rewards, cash back rewards, saver and statement savings. The Companyâs business banking services business checking, business savings, cash management services. Its business checking provides business analyzed checking, business interest checking and community non-profit checking. The Companyâs business savings include business savings accounts, business loans & credit, business term loan, line of credit and commercial real estate loan.