Related Links Complete 2Q 2007 Earnings Coverage
Harleysville's 2Q Earnings Press Release
Harleysville National Corp. in Pennsylvania said second-quarter earnings fell by nearly 24% from a year earlier, to $7.1 million.

The $3.3 billion-asset company chalked up the results to higher funding costs and a rise in nonperforming assets. Harleysville said net interest income decreased 5.1%, and its net interest margin fell 22 basis points, to 2.82%, because deposit rates increased faster than loan rates. Nonperforming assets rose 21 basis points, to 0.57% of total loans.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.