HARL Harleysville Financial Corporation (QX)

Harleysville Savings Financial Corporation (OTCQX:HARL) reported today that the Company’s Board of Directors declared a regular quarterly cash dividend of $.21 per share on the Company’s common stock. The cash dividend will be payable on February 25, 2015 to stockholders of record on February 11, 2015.

Net income for the quarter ended December 31, 2014 was $1,221,000 or $.32 per diluted share compared to $1,302,000 or $.34 per diluted share for the same quarter last year.

Commenting on the quarter end operating results, Chief Executive Officer Ron Geib, stated, “We are pleased to begin our 100th year with solid financial results which have been achieved by adhering to our fundamental operating principles of maintaining prudent underwriting standards, investing in high credit quality assets, controlling our operating expenses, and practicing sound capital management.

“Despite the extended low interest rate environment our Team was able to increase our total loans, transaction accounts, tangible book value, and the interest rate spread over the prior quarter and prior year amounts.”

The Company’s assets totaled $773.6 million compared to $809.3 million a year ago, and stockholders’ tangible book value increased to $16.88 per share from $16.41 a year ago.

Harleysville Savings Financial Corporation is traded on the OTCQX market under the symbol HARL (http://www.otcmarkets.com) and is the holding company for Harleysville Savings Bank. Established in 1915, Harleysville Savings Bank is a Pennsylvania chartered and federally insured savings bank, headquartered in Harleysville, PA. The Bank operates from six full-service offices located in Montgomery County and one office located in Bucks County, Pennsylvania.

This presentation may contain forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995). Actual results may differ materially from the results discussed in these forward-looking statements. Factors that might cause such a difference include, but are not limited to, general economic conditions, changes in interest rates, deposit flows, loan demand, real estate values and competition; changes in accounting principles, policies, or guidelines; changes in legislation or regulation; and other economic; competitive, governmental, regulatory, and technological factors affecting the Company's operations, pricing, products and services.

                Harleysville Savings Financial Corporation Selected Consolidated Financial Data as of December 31, 2014   (Dollars in thousands except per share data) (Unaudited)   Three Months Ended:   Selected Consolidated Earnings Data

Dec 31,2014

Sept 30,2014

June 30,2014

Mar 31,2014

Dec 31,2013

Total interest income $ 7,284 $ 7,275 $ 7,351 $ 7,269 $ 7,343 Total interest expense   2,289     2,348     2,390     2,535     2,888     Net Interest Income 4,995 4,927 4,961 4,734 4,455 Provision for loan losses   265     210     210     210     250   Net Interest Income after Provision for Loan Losses   4,730     4,717     4,751     4,524     4,205     Gain on sale of investments - 114 - 291 304 Bank owned life insurance 102 106 97 103 110 Other income 466 413 412 355 487 Total other expenses   3,496     3,401     3,594     3,380     3,257     Income before income taxes 1,802 1,949 1,666 1,893 1,849 Income tax expense   581     747     465     681     547     Net Income $ 1,221   $ 1,202   $ 1,201   $ 1,212   $ 1,302       Per Common Share Data Basic earnings $ 0.33 $ 0.32 $ 0.32 $ 0.32 $ 0.34 Diluted earnings $ 0.32 $ 0.31 $ 0.31 $ 0.31 $ 0.34 Dividends $ 0.21 $ 0.21 $ 0.21 $ 0.21 $ 0.21 Tangible book value $ 16.88 $ 16.76 $ 16.65 $ 16.53 $ 16.41 Shares outstanding 3,710,041 3,767,647 3,793,472 3,798,956 3,797,231 Average shares outstanding - basic 3,720,439 3,776,378 3,795,048 3,797,191 3,790,460 Average shares outstanding - diluted 3,782,564 3,838,189 3,858,964 3,868,522 3,872,464                                   Three Months Ended: Other Selected Consolidated Data

Dec 31,2014

Sept 30,2014

June 30,2014

Mar 31,2014

Dec 31,2013

Return on average assets 0.62 % 0.61 % 0.60 % 0.61 % 0.65 % Return on average equity 7.82 % 7.65 % 7.65 % 7.77 % 8.43 % Net interest rate spread 2.48 % 2.40 % 2.40 % 2.28 % 2.10 % Net yield on interest earning assets 2.62 % 2.56 % 2.56 % 2.43 % 2.27 % Operating expenses to average assets 1.78 % 1.72 % 1.80 % 1.69 % 1.61 % Efficiency ratio 62.84 % 62.46 % 65.71 % 65.10 % 64.47 %

Ratio of non-performing loans to total assets at end of period

1.37 % 1.53 % 1.65 % 1.53 % 1.64 % Loan loss reserve to total loans, net 0.68 % 0.66 % 0.65 % 0.66 % 0.74 % Stockholders' equity to assets 8.10 % 7.98 % 7.94 % 7.88 % 7.70 %                             Selected Consolidated Financial Data

Dec 31,2014

Sept 30,2014

June 30,2014

Mar 31,2014

Dec 31,2013

Total assets $ 773,588 $ 791,353 $ 795,548 $ 796,887 $ 809,273 Cash & investment securities 59,284 70,067 76,721 79,243 81,996 Mortgage-backed securities 168,915 176,590 186,361 194,351 206,365 Total Investments 228,199 246,657 263,082 273,594 288,361 Consumer Loans receivable 382,544 380,554 375,343 364,912 362,855 Commercial Loans receivable 128,210 127,473 120,971 122,484 122,756 Loan loss reserve (3,491 ) (3,336 ) (3,246 ) (3,226 ) (3,567 ) Total Loans receivable net 507,263 504,691 493,068 484,170 482,044 Total Loans held for sale - - - - 371 FHLB stock 8,075 9,858 9,514 9,386 9,040 Checking accounts 121,037 113,955 118,254 117,672 112,329 Savings accounts 183,512 187,014 187,879 180,718 176,842 Certificate of deposit accounts 191,023 201,282 213,204 225,427 237,844 Total Deposits 495,572 502,251 519,337 523,817 527,015 Advances 208,014 218,467 202,381 200,291 212,160 Total stockholders' equity 62,640 63,162 63,145 62,804 62,302  

Harleysville Savings Financial CorporationBrendan J. McGillPresident/COO215-256-8828