| Business Summary | | Harleysville
National
Corporation
is
the
parent
bank
holding
company
of
Harleysville
National
Bank
and
Trust
Company
(HNB),
which
is
a
wholly
owned
subsidiary
of
the
Company.
The
Company
is
primarily
a
bank
holding
company
that
provides
financial
services
through
its
three
bank
subsidiaries
that
include
HNB,
Citizens
National
Bank
(CNB)
and
Security
National
Bank
(SNB).
Since
commencing
operations,
the
Company's
business
has
consisted
primarily
of
managing
HNB,
CNB
and
SNB
(collectively
the
Banks),
and
its
principal
source
of
income
has
been
dividends
paid
by
the
Banks.
As
of
December
31,
2000,
the
Company
had
total
assets
of
$1,935,213,000,
total
shareholders'
equity
of
$173,536,000
and
total
deposits
of
$1,489,050,000. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | HNBC
is
the
bank
holding
company
for
Harleysville
National
Bank
and
Trust
Company,
The
Citizens
National
Bank,
and
Security
National
Bank.
For
the
six
months
ended
6/30/01,
revenues
rose
8%
to
$69.0
million.
Net
interest
income
after
LLP
rose
5%
to
$33.6
million.
Earnings
rose
11%
to
$13.7
million.
Net
interest
income
reflects
higher
loan
balances,
partially
offset
by
higher
deposit
volumes
and
lower
net
margins.
Earnings
reflect
$1.8
million
in
security
gains
and
higher
service
and
BOLI
income. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Walter Daller, Jr., 60 Chairman,
CEO | $714K | Demetra Takes, 49 Pres,
COO | 328K | Thomas Oleksa, 45 Pres
and CEO of Citizens | -- | Fred Reim, Jr., 56 Pres
and CEO of Security National Bank | 163K | Gregg Wagner, 39 Sr.
VP of Fin. | -- | Dollar amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|