Huron Valley State Bank Surpasses $100 Million In Assets Reports Strong Growth and Income Gains for Q4 2014

As of 09/30/2014:

• Q4 net income $234,000 or $0.29 per share, (Q4 2013 was $178,000 or $0.22 per share)
• Year to date 2014 net income $720,000 (Prior year was $525,000)
• After tax return on average equity (ROAE) was 8.61% for the quarter, 6.88% year to date
• Return on average assets (ROAA) was 0.93% for the quarter, 0.76% year to date
• Total assets $102,078,000 (11% increase from the previous year)
• Total loans $88,354,000 (26% increase from previous year)
• Total deposits $89,821,000 (10% increase from previous year)
• Efficiency ratio at 63.55% for the quarter, 68.89% year to date
• Net interest margin at 4.37% for the quarter, 4.17% year to date
• Past due loans over 30 days at 0.1% of total loans
• Continued 5 star rating from BauerFinancial, Inc.

Milford, Michigan – Huron Valley State Bank reported the above financials demonstrating a strong ending to the year with solid growth in income, assets, deposits and loans. The bank exceeded the $100,000,000 asset mark finishing the year at $102,078,000. Highlights for Q4 include total assets growth of 4%, deposit growth of 5%, and loan growth of 5%. Q4 income of $234,000 was up 12% over the Q3 2014 and 32% compared to Q4 of the previous year. Net income for the year of $720,000 increased over 37% from the previous year.

"Achieving $100 million in assets is a significant accomplishment for a nine year old bank navigating through the economic recession and the changing climate of the residential mortgage industry" said Jack Shubitowski, President and CEO. The bank celebrated this milestone with the community on February 13, 2015 with special promotions within the branches.

Huron Valley State Bank's 2014 annual loan growth of 26% is above industry average and was the result of focused sales strategies for small businesses, a steady referral stream from customers and business partners, and the establishment of a residential mortgage lending program in the earlier part of the year. Deposits grew 10%, with the growth largely in core checking and savings accounts. The bank's past due loans over 30 days remains below industry average, and at year end was at 0.1% of total loans. Year over year, the bank has demonstrated consistent asset quality which is a metric that demonstrates the long-term effectiveness and disciplined risk management of the organization.

Also, the bank has once again been recognized as a superior 5-Star rated bank by BauerFinancial, Inc. of Coral Gables, Florida, the nation's leading bank rating and research firm. To earn this rating Huron Valley State Bank must report strong capital levels and have a solid loan portfolio with negligible levels of delinquent loans. Its 5-Star Superior rating on Huron Valley State Bank denotes the highest level of strength and performance that a bank can receive.

"The Board is proud of the growth, financial performance and continued stability of the bank. We are also pleased with our culture of teamwork, dedication to customers and commitment to the community that we have created," said Mark Murvay, Chairman of the Board of Huron Valley State Bank.

Certain statements in this announcement contain forward-looking statements that are based on management's expectations, estimates, projections and assumptions. Words such as "expects," "anticipates," "plans," "believes," "scheduled," "estimates," and variations of these words and similar expressions are intended to identify forward-looking statements. Forwarding looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Therefore, actual future results and trends may differ materially from what is forecast in forward-looking statements due to a variety of factors.

All forward looking statements speak only as of the date of this press release. All subsequent written and oral forward-looking statements attributable to the company or any person acting on the Corporation's behalf are qualified by the cautionary statements in this press release. The Corporation does not undertake any obligation to update or publicly release any revisions to forward-looking statements to reflect events, circumstances or changes in expectations after the date of this press release.

Headquartered in Milford, Huron Valley State Bank offers a full range of checking and savings accounts, certificates of deposit, consumer loans, commercial loans and other financial services. The Milford branch is located at 130 S. Milford Rd. in Milford. Call (248) 684-9626. The Highland branch is located at 2920 E. Highland Rd. in Highland. Call (248) 887-9900.