CEO's Message

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Dear Customers, Neighbors and Friends,

Thank you for visiting us today. I hope that you find the information available on our site to be informative and convenient.

As we anticipate celebrating our first 100 years, I look back at what has helped us reach this significant milestone. At Harleysville Savings Bank, succeeding as a financial institution is measured by how well we meet the expectations of the people we serve. To the communities in which we are located, it's helping to improve the overall quality of life. To our customers, it's providing them with the services they need and an experience they enjoy. To our team members, it means providing a nurturing workplace with opportunity for advancement, both personal and professional. To our stockholders, it's a strong return on their investment which is the product of prudent decisions tempered by the highest of ethical standards.

Over the past year we have continued to work on consistent, balanced organic growth and profitability by understanding the needs of our customers. We have seen growth in our transaction accounts, as well as in both our consumer and commercial loan balances. This growth has resulted in an improving interest rate spread on our balance sheet. Earlier this year, we launched an updated version of our mobile banking. This updated version allows customers to check account balances, history and info, transfer money, pay bills and deposit checks using their phones. We have strengthened our commercial lending team by adding a new lender, Scott Little; and anticipate a stronger mortgage origination process with the implementation of a new origination system, which will save money and provide better customer service. Over the coming year we will be adding Rewards Checking and instant issue debit cards to our list of products. We will continue to deepen our banking relationships and emphasize our customer loyalty as our customers select Harleysville Savings Bank as their primary banking partner.

As people who live and work in the communities in which we do business, contributing to the betterment of that community is simply a way of life. This past year our team members contributed over 6,500 hours to our community. Our team also participated in North Penn United Way's Day of Caring by donating sets of sheets, bath towels, many cleaning products, paper towels and toiletries to Laurel House. We also offer a special Community Homebuyers Program for first time homebuyers, and participate in community revitalization loans through the Community Lenders Community Development Corporation.

This year, our commitment to the community earned us Pennsylvania Association of Community Banker's Grow Your Community Award, in recognition of our Trusty Birthday Parties. The Grow Your Community Award was established as a way to recognize those banks that go above and beyond to exceed normal business practices and impact their communities in meaningful ways. Our corporate donations focus on community involvement, housing and education. We are proud that we can continue to put dollars into our communities through sponsorships and donations to local community events and sports teams.

We are pleased with the solid financial results of this past year in spite of the extended low interest rate environment and overall economic uncertainty. Our credit quality remains high and we continue to focus on controlling expenses and practicing sound capital management. American Banker Magazine named Harleysville Savings Bank as one of the Top 200 Community Banks in the country, which were ranked by three-year return on investment. In 2013, the FDIC approved new capital requirements, which require additional and higher quality regulatory capital for U.S. banking organizations, that we must begin complying with January 1, 2015. I am proud to say that we already meet these new requirements and were still able to increase our book value over 3% in addition to the cash dividend. Our cash dividend continues to be strong, which allows us to deliver consistent, ongoing returns for our shareholders.

The success that Harleysville Savings Bank has enjoyed these past 99 years is a tribute to our greatest assets, our talented team members who serve our customers. We are intentional about providing a work environment that allows our team members to grow. This past year, we had the honor of promoting 21 team members internally, the majority of them through our Teller Career Program. Part of being intentional about growing our team members is our leadership succession planning. Leadership succession planning is essential in order for us to remain a profitable, independent community bank going forward. In September, the Board took a step in assuring the future leadership of the Bank when they appointed Brendan McGill as the President and Chief Operating Officer. Through Brendan's hard work and dedication he is prepared to serve as only the sixth President of Harleysville Savings Bank.

As we look ahead to the coming year and celebrating our first 100 years, I am confident our position as a community bank will be stronger than ever. We will continue to honor the safe and conservative principles that have served us well over the years. On behalf of our Directors and our team, I thank you for your continued trust, confidence and investment in our Company.

Harleysville Savings Bank is a wholly owned subsidiary of Harleysville Savings Financial Corporation, which trades on the OTCQB national market system under the symbol HARL.

Ron Geib

Ronald B. Geib

Chief Executive Officer


Video - Celebrating our first 100 years...

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