Bank News

Huron Valley State Bank Sponsors Shredding Truck At YMCA Earth Friendly Family Fun Festival on April 27th from 12:00-4:00 pm

In conjunction with YMCA's Earth Friendly Family Fun Festival, Huron Valley State Bank is sponsoring the community shredding program on April 27, from 12:00-4:00 pm, at the Carl's Family YMCA at 300 Family Drive, Milford.

Following the end of tax season, employees of the bank will be on site to assist participants with shredding needs. Oakland County residents can bring up to six boxes (12 inch by 24 inch) or large kitchen sized garbage bags at no charge. Large metal clips and spiral bindings should be removed in advance.

Huron Valley State Bank Reports Strong Growth and Income Gains for Q1 2014

Huron Valley State Bank reported the above financials demonstrating continued strong growth and income gains for the 1st Quarter of 2014. Contributing to this is primarily loan and retail deposit growth. Loans had a 26% increase from the previous year, and 8.5% from the last quarter. Deposits had a 10% increase from the previous year. Asset quality remains favorable, and the bank is on target to reach its asset goal later this 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.

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