Prospective stock investors need not worry about this small capital regional bank from Harleysville, PA. It does not indulge in the sub-prime market for revenue generation. The bank is professionally managed and operates in select counties in the more prosperous parts of its home state. It has produced impressive business results even in tough economic conditions, and is well organized to take advantage of eventual improvements in the business climate.

First quarter net income has increased annually by 19%. Fee income, deposits, and loans have all increased during the last 12 months. The management has effected lasting, cost-effective improvements that bode well for the future of the stock. Inorganic growth has also helped to secure the future of this impressive member of the Regional Banks Industry.

The commercial realty business of the company has suffered a slight and temporary set-back. The management has increased reserves to account for these losses adequately. This factor will not impact the structural profitability and growth potential of the business.

Human resources are highly prized at this bank. It has been publicly recognized for its personnel policies. The bank values senior employees, and allows them to transit to part-time positions once they approach retirement. This emphasis on people has a significant role in sustained and ethical business performance.

The stock price has climbed from a 52-week low of $12.01 to $14.58 by the end of April 2008. The 52-week high is $19.10. The Price to Earnings Ratio is less than 16. The Yield is 5.49. It is clearly a stock to watch.

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