Bank News

Huron Valley State Bank Reports Strong Growth and Income Gains for Q3 2014

Huron Valley State Bank reported the above financials demonstrating continued strong growth and income gains for the 3rd Quarter of 2014. Contributing to this is primarily loan and retail deposit growth, along with an increasing net interest margin. Loans increased 26% from the previous year, and 9% in the 3rd quarter alone. Deposits also experienced a 12% increase from the previous year.

Huron Valley State Bank Maintains 5 Star Rating from Bauer Financial Reports Strong Growth and Income Gains for Q4 2013

Huron Valley State Bank reported the above financials demonstrating strong growth and income gains for the 4th Quarter of 2013. Contributing to this is largely loan and retail deposit growth. This solid performance confirms the Bank's continued 5-Star Rating from Bauer Financial, the nation's leading bank rating and research firm recognizing financial institutions for strength, commitment and expertise.

Huron Valley State Bank Declares Initial Dividend

Milford, Mich., December 3, 2012 (GLOBE NEWSWIRE) – Mark A. Murvay, Chairman of the Board of Huron Valley State Bank (OTCBB: HVLM), announced that the Board of Directors has declared an initial year-end dividend of five (5) cents per share. The dividend is payable December 14, 2012 to shareholders of record November 30, 2012. The Board, in declaring this dividend, has indicated that year-end dividends will be considered each year based on that years anticipated profitability.

Huron Valley State Bank Post Income Gain for June 2012

Huron Valley State Bank (OTCBB:HVLM) today announced 2012 second quarter net income of $162,000, or $0.20 per diluted share, compared to net income of $120,000, or $0.14 per diluted share, in the first quarter of 2012 and net income of $47,000, or $0.06 per diluted share, in the second quarter of 2011. Net income was $282,000 or $0.34 per diluted share, for the six months ended June 30, 2012, compared to a net income of $118,000 or $0.14 per diluted share, for the six months ended June 30, 2011. Key indicators of bank performance ending June 30, 2012 noted that the Bank's return on average equity (ROAE) was 6.51 % with return on average assets (ROAA) of 0.77%. This solid performance confirms the Bank's 5-Star Rating from Bauer Financial, the nation's leading bank rating and research firm.

Total assets at June 30, 2012 were $ 77,304,000 compared to $63,759,000 at June 30, 2011, an increase of $13,545,000 or 21.24%. Total loans were fairly flat for the year at $53,259,000, while retail deposits expanded over 18% finishing the quarter at $68,480,000. Asset quality of the Bank remains strong with no loans reporting as past due for the second quarter of 2012.

Huron Valley State Bank Reports Third Quarter Results

MILFORD, MI, November 7, 2011 – Huron Valley State Bank (OTCBB:HVLM) today announced 2011 third quarter net income of $70,000, or $0.09 per diluted share, compared to net income of $47,000, or $0.06 per diluted share, in the second quarter of 2011, and net income of $33,000, or $0.04 per diluted share, in the third quarter of 2010. Net income was $188,000 or $0.23 per diluted share, for the nine months ended September 30, 2011, compared to a net income of $84,000 or $0.10 per diluted share, for the nine months ended September 30, 2010.

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