Harleysville Savings Financial Corporation Announces Increased Earnings for the Fiscal Year Ended September 30, 2009 and the Declaration of Regular Cash Dividend

• Press Release
• Source: Harleysville Savings Financial Corporation
• On 12:30 pm EDT, Wednesday October 21, 2009

HARLEYSVILLE, Pa.--(BUSINESS WIRE)--Harleysville Savings Financial Corporation (NASDAQ:HARL - News) reported today that the Company’s board of directors declared a regular quarterly cash dividend of $.19 per share on the Company’s common stock which represents a 5.6% increase from the prior year. The cash dividend will be payable on November 25, 2009 to stockholders of record on November 11, 2009.

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Symbol	Price	Change
HARL	13.45	+0.25

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Net income for the fourth quarter of fiscal year 2009 amounted to $1,282,000 or $.35 per diluted share compared to $1,508,000 or $.42 per diluted share for the fourth quarter of fiscal year 2008.

Net income for the twelve months ended September 30, 2009 amounted to $4,716,000 or $1.31 per diluted share compared to $4,379,000 or $1.20 per diluted share for the twelve-month period ended September 30, 2008.

Commenting on the year-end operating results, President and Chief Executive Officer Ron Geib said, “Despite the current economic conditions our country is encountering, we are very pleased with the growth we have experienced this past year - in loans, deposits, earnings, and the cash dividend. We believe the current level of our allowance for credit losses is adequate and we continue to maintain a strong capital position in excess of the well-capitalized regulatory guidelines. I am also very proud of the work ethic of our team members and the manner in which they serve our customers. All these conditions combined create a strong community bank that is well positioned to continue to create value for our stakeholders. These results reflect our discipline 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.”

The Company’s assets totaled $830.0 million compared to $825.7 million a year ago. Stockholders’ book value increased to $13.82 per share from $13.23 a year ago.

Harleysville Savings Financial Corporation 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. Harleysville is located in Montgomery County, which has the third largest population base and the second highest per capita income in the state of 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
Brendan J. McGill
Executive Vice President & CFO
215-256-8828