Harleysville Savings Bank is headquartered in Harleysville and is the 44th largest bank in the state of Pennsylvania. It is also the 826th largest bank in the nation. It was established in 1915 and as of December of 2013, it had grown to 114 employees at 9 locations. Harleysville Savings Bank's savings rates are 25% higher than the national average, and it has a C+ health rating.
Harleysville Savings Bank Is The Best Neighborhood Bank.
We have been with Harleysville Savings Bank for 20 years and I recommend them for their care and concern. I had a transaction that was a surprise and they forgave the fees for something that was not my fault. While they operate with integrity, they understand that sometimes things happen and need forgiveness.
Data for Q4 2013
Institution Health
Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Harleysville Savings Bank had $14.39 million in non-current loans and owned real-estate with $65.81 million in equity and loan loss allowances on hand to cover it. This gives Harleysville Savings Bank a Texas Ratio of 21.86% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Harleysville Savings Bank increased slightly from 14.83% as of December 31, 2012 to 21.86% as of December 31, 2013, resulting in a negative change of 47.44%. This indicates that the balance sheet and financial strength for Harleysville Savings Bank has declined slightly in recent periods.
Deposit Growth
In the past year, Harleysville Savings Bank has decreased its total deposits by -$17.59 million, resulting in -3.16% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Harleysville Savings Bank has shown is below average.
Capitalization
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Harleysville Savings Bank has $816.19 million in assets with $65.81 million in equity, resulting in a capitalization level of 8.06%, which is average.
Institution Statistics
| Overall | |
|---|---|
| FDIC Certificate # | 31461 |
| Year Established | 1915 |
| Employees | 114 |
| Primary Regulator | FDIC |
| Assets and Liabilities | |
|---|---|
| Assets | $816.19 million |
| Loans | $483.55 million |
| Deposits | $539.12 million |
| Equity Capital | $62.25 million |
| Loan Loss Allowance | $3.57 million |
| Unbacked Noncurrent Loans | $14.36 million |
| Real Estate Owned | $28,000 |
| Historic Data - December 2012 | |
|---|---|
| Assets | $813.88 million |
| Equity Capital | $60.29 million |
| Loan Loss Allowance | $4.14 million |
| Unbacked Noncurrent Loans | $14.36 million |
| Real Estate Owned | $111,000 |
| Profit Margin - Quarterly | |
|---|---|
| Net Interest Margin | 2.39% |
| Return on Assets | 0.63% |
| Return on Equity | 8.36% |
| Interest Income | $30.24 million |
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Harleysville Savings Bank Savings Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.65% | - | - | Trusty's Club Savings | |
| 0.65% | - | - | iSave Student Savings | |
| 0.10% | $2,500 | - | Statement Savings | |
| 0.10% | $2,500 | - | Passbook Savings |
Harleysville Savings Bank Money Market Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.18% | $25k | - | Money Market Plus | |
| 0.10% | - | - | IRA Money Market Passbook | |
| 0.10% | - | - | Roth IRA Money Market Passbook |
Harleysville Savings Bank Checking Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.08% | $2k | - | Personal Checking Plus | |
| 0.04% | - | - | Interest Checking | |
| 0.04% | - | - | 50-Plus Checking |
Harleysville Savings Bank CD Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 1.09% | $500 | - | 60 Month CD | |
| 0.84% | $500 | - | 48 Month Rising Rate CD | |
| 0.68% | $500 | - | 36 Month CD | |
| 0.36% | $500 | - | 24 Month CD | |
| 0.26% | $500 | - | 18 Month CD | |
| 0.26% | $500 | - | 20 Month Rising Rate CD | |
| 0.23% | $500 | - | 17 Month CD | |
| 0.21% | $500 | - | 12 Month CD | |
| 0.21% | $500 | - | 15 Month CD | |
| 0.20% | $500 | - | 9 Month CD | |
| 0.14% | $500 | - | 6 Month CD | |
| 0.10% | $500 | - | 3 Month CD | |
| 0.05% | $500 | - | 7 Month No Penalty CD |
Harleysville Savings Bank IRA Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 1.09% | $500 | - | 60 Month IRA CD (Traditional,Roth,CESA) | |
| 0.84% | $500 | - | 48 Month Rising Rate IRA CD (Traditional,Roth,CESA) | |
| 0.68% | $500 | - | 36 Month IRA CD (Traditional,Roth,CESA) | |
| 0.36% | $500 | - | 24 Month IRA CD (Traditional,Roth,CESA) | |
| 0.26% | $500 | - | 18 Month IRA CD (Traditional,Roth,CESA) | |
| 0.26% | $500 | - | 20 Month Rising Rate IRA CD (Traditional,Roth,CESA) | |
| 0.23% | $500 | - | 17 Month IRA CD (Traditional,Roth,CESA) | |
| 0.21% | $500 | - | 12 Month IRA CD (Traditional,Roth,CESA) | |
| 0.21% | $500 | - | 15 Month IRA CD (Traditional,Roth,CESA) | |
| 0.20% | $500 | - | 9 Month IRA CD (Traditional,Roth,CESA) | |
| 0.14% | $500 | - | 6 Month IRA CD (Traditional,Roth,CESA) | |
| 0.10% | $500 | - | 3 Month IRA CD (Traditional,Roth,CESA) | |
| 0.05% | $500 | - | 7 Month IRA CD (Traditional,Roth,CESA) |
| Harleysville Savings Bank Locations | ||
|---|---|---|
| Hatfield Branch | 1550 Hatfield Valley Road | Hatfield, PA 19440 |
| Upper Providence Branch | 1889 Ridge Pike | Royersford, PA 19468 |
| Norristown Branch | 2301 West Main Street | Norristown, PA 19403 |
| Harleysville Savings Bank | 271 Main Street | Harleysville, PA 19438 |
| Sumneytown Branch | 3090 Main Street | Sumneytown, PA 18084 |
| Souderton Branch | 41 N. County Line Road | Souderton, PA 18964 |
| Lansdale Branch | 640 East Main Street | Lansdale, PA 19446 |