| Business Summary | | Harleysville
Savings
Financial
Corporation
is
the
bank
holding
company
for
Harleysville
Savings
Bank.
The
Bank's
primary
business
consists
of
attracting
deposits
from
the
general
public
through
a
variety
of
deposit
programs
and
investing
such
deposits
principally
in
first
mortgage
loans
secured
by
residential
properties
in
the
Bank's
primary
market
area.
The
Bank
also
originates
construction
loans
primarily
on
residential
properties.
In
recent
years,
the
Bank
has
engaged
to
a
significant
extent
in
the
origination
of
a
variety
of
consumer
loans.
The
Bank
also
serves
its
customers
through
participation
in
the
MAC
System,
a
shared
automated
teller
machine
(ATM)
network
located
throughout
Pennsylvania
and
a
large
portion
of
the
east
coast.
As
of
September
30,
2000,
the
Company
had
$488.6
million
of
total
assets,
$309.8
million
of
deposits
and
$31.4
million
of
stockholders'
equity. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | HARL
is
a
Pennsylvania
chartered
permanent
reserve
fund
stock
savings
bank.
For
the
nine
months
ended
6/30/01,
total
interest
income
rose
10%
to
$27.1
million.
Net
interest
income
after
loan
loss
prov.
fell
9%
to
$7.2
million.
Net
income
fell
2%
to
$2.9
million.
Net
interest
income
reflects
an
increased
average
balance
of
interest
earning
assets,
offset
by
higher
interest
bearing
liabilities.
Net
income
was
partially
offset
by
a
$134
thousand
gain
on
the
sale
of
investments. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Edward Molnar, 60 Pres,
CEO, Director | $254K | $32.1K | Brendan McGill, 32 CFO,
Sr. VP, Treasurer | -- | -- | Ronald Geib, 46 COO,
Exec. VP | 163K | -- | Marian Bickerstaff, 50 Sr.
VP and CLO | 129K | 5.3K | Dollar amounts are as of 30-Sep-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|