Harleysville Financial : Announces Regular Cash Dividend and Third Quarter Earnings for Fiscal Year 2022 (financials)

Harleysville Financial Corporation

Selected Consolidated Financial Data as of June 30, 2022

(Dollars in thousands except per share data)		Year-To-Date
( Unaudited)				Nine Months Ended:									Three Months Ended:
						Jun 30,		Jun 30,		Jun 30,		Mar 31,		Dec 31,		Sept 30,		Jun 30,
Selected Consolidated Earnings Data				2022					2021					2022					2022					2021					2021					2021
Total interest income	$	19,324				$	20,768				$	6,677				$	6,181				$	6,466				$	6,555				$	6,628
Total interest expense		2,490					3,766					699					834					957					1,067					1,187
Net Interest Income		16,834					17,002					5,978					5,347					5,509					5,488					5,441
Provision for loan losses		130					295					70					-					60					90					105
Net Interest Income after Provision for Loan
Losses		16,704					16,707					5,908					5,347					5,449					5,398					5,336
Gain on sales of loans		21					191					-					4					17					61					29
Bank owned life insurance		291					294					96					97					98					99					95
Other income		1,934					1,852					669					609					656					679					603
Total other expenses		11,280					11,228					3,877					3,727					3,676					4,203					3,928
Income before income taxes		7,670					7,816					2,796					2,330					2,544					2,034					2,135
Income tax expense		1,772					2,078					580					503					689					488					553
Net Income		$	5,898				$	5,738				$	2,216				$	1,827				$	1,855				$	1,546				$	1,582
Per Common Share Data
Basic earnings	$	1.59				$	1.53				$	0.60				$	0.49				$	0.50				$	0.41				$	0.42
Diluted earnings	$	1.57				$	1.52				$	0.59				$	0.49				$	0.49				$	0.41				$	0.42
Dividends	$	0.86				$	0.83				$	0.29				$	0.29				$	0.28				$	0.28				$	0.28
Tangible book value	$	22.33				$	21.61				$	22.33				$	22.04				$	21.90				$	21.69				$	21.61
Shares outstanding	3,721,332				3,741,307				3,721,332				3,721,936				3,710,135					3,721,038				3,741,307
Average shares outstanding - basic	3,717,555				3,748,527				3,721,352				3,714,270				3,717,096					3,732,812				3,744,305
Average shares outstanding - diluted	3,757,711				3,781,163				3,758,018				3,757,258				3,759,512					3,776,160				3,788,028
Harleysville Financial Corporation
Selected Consolidated Financial Data as of June 30, 2022
(Dollars in thousands except per share data)		Year-To-Date
( Unaudited)				Nine Months Ended:									Three Months Ended:
						Jun 30,		Jun 30,		Jun 30,		Mar 31,		Dec 31,		Sept 30,		Jun 30,
Other Selected Consolidated Data				2022					2021					2022					2022					2021					2021					2021
Return on average assets		0.86%				0.87%				0.96%				0.80%				0.82%				0.68%				0.69%
Return on average equity		9.65%				9.60%				10.77%				8.98%				9.19%				7.66%				7.87%
Net interest rate spread		2.40%				2.46%				2.56%				2.28%				2.37%				2.34%				2.29%
Net yield on interest earning assets		2.50%				2.61%				2.64%				2.38%				2.49%				2.48%				2.44%
Operating expenses to average assets		1.65%				1.69%				1.68%				1.63%				1.63%				1.86%				1.72%
Efficiency ratio		59.19%				58.64%				57.49%				61.58%				58.69%				67.08%				63.98%
Ratio of non-performing loans to total
assets at end of period		0.47%				0.84%				0.47%				0.78%				0.79%				0.84%				0.84%
Loan loss reserve to total loans, net		0.84%				0.95%				0.84%				0.91%				0.97%				1.00%				0.95%
Stockholders' equity to assets		8.95%				8.94%				8.95%				8.94%				8.94%				9.04%				8.94%
						Jun 30,		Mar 31,		Dec 31,		Sept 30,		Jun 30,
Selected Consolidated Financial Data				2022					2022					2021					2021					2021
Total assets	$	928,738				$	917,612				$	908,922				$	892,639				$	904,670
Cash & investment securities		197,572					224,157					248,696					227,857					225,490
Mortgage-backed securities		143,506					119,837					93,985					83,412					76,177
Total Investments		341,078					343,994					342,681					311,269					301,667
Consumer Loans receivable		274,541					275,158					279,807					291,817					303,367
Commercial Loans receivable		282,216					267,248					254,490					250,627					254,856
SBA Paycheck Protection Program (PPP)		-					-					694					7,782					13,069
Loan loss reserve		(4,681)				(4,930)				(5,199)				(5,520)				(5,422)
Total Loans receivable net		552,076					537,476					529,792					544,706					565,870
Total Loans held for sale		-					-					464					466					192
FHLB stock		3,071					3,363					3,477					3,583					3,955
Checking accounts		315,027					299,873					292,631					273,274					269,246
Savings accounts		326,863					320,604					308,028					299,306					293,948
Certificate of deposit accounts		129,738					136,311					151,085					153,356					159,271
Total Deposits		771,628					756,788					751,744					725,936					722,465
Advances		62,101					67,745					66,682					77,558					89,357
Total stockholders' equity		83,112					82,031					81,254					80,702					80,845