Incorrect financial chart used on filed on Form 8-K

HARLEYSVILLE, PA (April 18, 2005) - Harleysville National Corporation (NASDAQ: HNBC), today announced first quarter 2005 earnings of $9.2 million, a 2.9% increase over first quarter 2004 earnings of $8.9 million.

The corporation’s consolidated total assets were $3.0 billion at March 31, 2005, an increase of 18.1% or $460.2 million above the March 31, 2004, level of $2.54 billion. Of this increase, 11.0% or $279.8 was due to loan growth and 9.1% or $231.3 million, was attributable to the acquisition of Millennium Bank partially offset by a net decrease in cash and investments of 2.5% or $63.0 million.

For the quarter ending March 31, 2005, diluted earnings per share of $.34 and basic earnings per share of $.35 remained level with the earnings during the first quarter of 2004. The financial results for 2005 include the impact of operations from the acquisition of Millennium Bank effective April 30, 2004, and the related issuance of 946,000 (993,000 restated for stock dividend) common shares, as well as the issuance of 1,295,000 common shares for a 5% stock dividend paid on September 15, 2004. All share and per share information has been restated to reflect this stock dividend.

Gregg J. Wagner, President and Chief Executive Officer, said, "We are pleased to announce another successful quarter. I am proud of our employees’ efforts which are reflected in these first quarter results. Our entire team remains committed to superior financial performance, enhancing shareholder value and providing our customers with the best banking experience possible. We continue our emphasis on building Millennium Wealth Management & Private Banking’s full line of trust, wealth management and private banking products and services and hope to build upon the success they achieved this quarter, which is represented in the increase in noninterest income generated."

Net interest income on a fully tax-equivalent basis in the first quarter of 2005 increased $1.2 million or 5.3% over the same period in 2004. This increase was primarily the result of loan growth partially offset by a higher level of borrowings and higher deposit rates. The net interest margin for the first quarter of 2005 was 3.37%, compared to 3.73% for the first quarter of 2004, the decline being primarily due to higher funding costs, particularly increased volumes in higher-rate money market accounts and lower loan yields. The net interest margin increased 3 basis points over the fourth quarter of 2004 after declines during the previous four quarters. Average earning assets increased $436.3 million or 18.4% during the first quarter of 2005 versus the comparable period in 2004, while average loans increased $430.6 million or 30.4% during the same period. Loans totaling $157.1 million were acquired in the acquisition of Millennium Bank which contributed to the increase in average loans.

Nonperforming assets, including nonaccrual loans, net assets in foreclosure and loans 90 days or more past due was .19% of total assets at March 31, 2005, compared to .20% at December 31, 2004 and .21% at March 31, 2004. The ratio of the allowance for loan losses to nonperforming loans (nonaccruing loans and loans 90 days or more past due) was 362.1% at March 31, 2005, compared to 324.6% at December 31, 2004 and 341.3% at March 31, 2004. The increase in the provision for the first quarter of 2005 compared to the first quarter of 2004 was primarily due to inherent risk related to loan growth and an increase in nonperforming loans of $348,000.

Core deposits increased 19.1% or $254.3 million, to $1.59 billion at March 31, 2005, from $1.33 billion at March 31, 2004. Of this increase, 4.5% or $59.8 million was due to the acquisition of Millennium Bank. Total deposits increased $269.0 million for the same period, which was primarily due to the growth in core deposits. Average borrowings increased $202.6 million primarily to support loan growth and the Millennium Bank acquisition.

Total noninterest income of $6.9 million for the first quarter of 2005 reflects an increase of $1.2 million from the comparable period in 2004, primarily due to increases of $808,000 in trust and investment advisory fees, $225,000 in income from reinsurance activities and $226,000 in gains related to the auto leasing portfolio, partially offset by $223,000 in losses related to the equipment leasing portfolio.

Noninterest expense of $15.5 million for the first quarter of 2005 increased $1.7 million or 12.2% from $13.8 million in the first quarter of 2004. The increase in noninterest expense was mainly due to a $1.2 million increase in salaries and benefits, primarily related to the acquisition of Millennium Bank and higher healthcare costs. In addition, occupancy expense increased $307,000 during the first quarter of 2005 over the comparable period in 2004 mostly due to the Millennium acquisition and a new branch opening, deferred compensation expense for directors and employees increased $168,000 and advertising expense increased $223,000. Partially offsetting these variances was higher loan origination expense deferrals amounting to $457,000 related to higher loan origination volume.

Harleysville National Corporation, with assets of $3 billion, is the holding company for Harleysville National Bank (HNB). Investment Management and Trust Services are provided through Millennium Wealth Management & Private Banking, a division of HNB, with assets under management exceeding $1.6 billion. Cumberland Advisors, Inc., a SEC registered investment advisor specializing in fixed-income money management and equities, using exchange-traded funds, is also a part of Millennium Wealth Management & Private Banking. Harleysville National Corporation stock is traded under the symbol "HNBC" and is commonly quoted under Nasdaq National Market Issues. For more information, visit the HNC Web site at www.hncbank.com.

Harleysville National Corporation
Consolidated Selected Financial Data
(Dollars in thousands, except per share data)
March 31, 2005
(unaudited)
For the period:				Three Months Ended
		Mar. 31,			Dec. 31,			Sept. 30,			June 30,			Mar. 31,
		2005			2004			2004			2004			2004
Interest Income	$	35,272		$	34,196		$	33,366		$	30,994		$	29,173
Interest Expense		13,602			12,735			11,286			9,674			8,943
Net Interest Income		21,670			21,461			22,080			21,320			20,230
Provision for Loan Losses		750			1,070			499			497			489
Net Interest Income after
Provision for Loan Losses		20,920			20,391			21,581			20,823			19,741

Service Charges		1,957			1,953			2,000			1,929			1,925
Gains on Sales of Investment Securities, Net		923			2,036			112			641			900
Trust, Investment Services and Advisory Income		1,929			1,999			1,878			1,588			1,121
Bank-Owned Life Insurance Income		493			627			647			521			611
Income on Life Insurance		-			586			-			-			-
Other Income		1,641			2,194			2,056			1,608			1,226
Total Noninterest Income		6,943			9,395			6,693			6,287			5,783

Salaries, Wages and Employee Benefits		9,500			10,215			9,754			8,834			8,277
Occupancy		1,391			1,218			1,135			1,120			1,084
Furniture and Equipment		1,373			1,454			1,414			1,510			1,258
Other Expenses		3,239			3,787			2,174			3,129			3,198
Total Noninterest Expense		15,503			16,674			14,477			14,593			13,817

Income Before Income Taxes		12,360			13,112			13,797			12,517			11,707
Income Tax Expense		3,195			2,999			3,632			3,135			2,800
Net Income	$	9,165		$	10,113		$	10,165		$	9,382		$	8,907
Per Common Share Data:
Weighted Average Common Shares - Basic		26,247,137			26,182,888			26,240,616			25,861,549			25,128,032
Weighted Average Common Shares - Diluted		26,967,759			27,057,756			27,055,603			26,722,932			26,033,205
Net Income Per Share - Basic	$	0.35		$	0.38		$	0.39		$	0.37		$	0.35
Net Income Per Share - Diluted	$	0.34		$	0.37		$	0.38		$	0.35		$	0.34
Cash Dividend Per Share	$	0.18		$	0.22		$	0.18		$	0.16		$	0.16
Book Value	$	10.24		$	10.30		$	10.19		$	9.58		$	9.45
Market Value	$	21.25		$	26.60		$	24.51		$	24.38		$	26.50

		2005			2004			2004			2004			2004
Asset Quality Data:		1Q			4Q			3Q			2Q			1Q
Nonaccrual Loans	$	4,572		$	4,705		$	3,350		$	3,245		$	3,645
90 + Days Past Due Loans		599			981			948			919			1,178
Nonperforming Loans		5,171			5,686			4,298			4,164			4,823
Net Assets in Foreclosure		411			370			347			389			423
Nonperforming Assets	$	5,582		$	6,056		$	4,645		$	4,553		$	5,246
Loan Loss Reserve	$	18,724		$	18,455		$	17,795		$	17,940		$	16,464
Loan Loss Reserve / Loans		1.00	%		1.00	%		1.00	%		1.07	%		1.15	%
Loan Loss Reserve / Nonperforming Loans		362.1	%		324.6	%		414.0	%		430.8	%		341.3	%
Nonperforming Assets / Total Assets		0.19	%		0.20	%		0.16	%		0.16	%		0.21	%
Net Loan Charge-offs	$	481		$	410		$	644		$	698		$	778
Net Loan Charge-offs (annualized)
/ Average Loans		0.11	%		0.09	%		0.15	%		0.18	%		0.22	%

		2005			2004			2004			2004			2004
Selected Ratios (annualized):		1Q			4Q			3Q			2Q			1Q
Return on Average Assets		1.25	%		1.36	%		1.40	%		1.37	%		1.43	%
Return on Average Shareholders' Equity		13.69	%		15.00	%		15.61	%		15.06	%		15.33	%
Yield on Earning Assets (FTE)		5.34	%		5.16	%		5.18	%		5.12	%		5.25	%
Cost of Interest Bearing Funds		2.37	%		2.19	%		2.01	%		1.82	%		1.86	%
Net Interest Margin (FTE)		3.37	%		3.34	%		3.51	%		3.62	%		3.73	%
Leverage Ratio		8.99	%		8.91	%		8.99	%		9.28	%		10.04	%


Balance Sheet (Period End):		2005		2004		2004		2004		2004
		1Q		4Q		3Q		2Q		1Q
Assets	$	3,002,572	$	3,024,515	$	2,976,173	$	2,865,949	$	2,542,328
Earning Assets		2,817,956		2,845,656		2,791,891		2,678,772		2,406,068
Investment Securities		907,379		943,563		975,750		957,398		948,749
Loans, Net of Unearned Fees		1,865,641		1,845,802		1,774,189		1,683,528		1,428,145
Other Earning Assets		44,936		56,291		41,952		37,846		29,174
Interest-Bearing Liabilities		2,343,177		2,367,229		2,332,102		2,218,687		1,930,052
Total Deposits		2,237,567		2,212,563		2,209,753		2,093,101		1,968,521
Noninterest-Bearing Deposits		332,525		333,516		325,132		345,191		317,566
Interest-Bearing Checking		352,132		305,584		320,276		258,739		268,110
Money Market		679,872		713,039		661,480		561,823		521,085
Savings		222,553		223,039		229,992		245,768		225,981
Time, under $100,000		523,782		508,010		527,971		523,587		481,400
Time, $100,000 or greater		126,703		129,375		144,902		157,993		154,379
Total Borrowed Funds		438,135		488,182		447,481		470,777		279,097
Federal Home Loan Bank		272,750		317,750		257,750		241,750		172,750
Other Borrowings		165,385		170,432		189,731		229,027		106,347
Shareholders' Equity		268,624		270,532		266,966		251,877		237,964



Balance Sheet (Average):		2005		2004		2004		2004		2004
		1Q		4Q		3Q		2Q		1Q
Assets	$	2,976,361	$	2,957,559	$	2,878,769	$	2,759,563	$	2,497,085
Earning Assets		2,801,817		2,776,599		2,695,579		2,593,105		2,365,497
Investment Securities		910,981		941,704		932,330		983,420		910,314
Loans, Net of Unearned Fees		1,845,408		1,793,935		1,717,245		1,572,830		1,414,802
Other Earning Assets		45,428		40,960		46,004		36,855		40,381
Interest-Bearing Liabilities		2,328,569		2,308,446		2,237,681		2,136,010		1,931,950
Total Deposits		2,196,584		2,213,829		2,154,443		2,048,279		1,961,481
Noninterest-Bearing Deposits		321,912		324,466		329,559		316,715		280,809
Interest-Bearing Checking		325,081		317,328		285,735		274,978		280,142
Money Market		688,602		692,703		620,420		537,614		517,846
Savings		222,853		226,251		237,463		239,971		222,807
Time, under $100,000		513,986		517,167		525,701		508,275		487,379
Time, $100,000 or greater		124,150		135,914		155,565		170,726		172,498
Total Borrowed Funds		453,897		419,083		412,797		404,446		251,278
Federal Home Loan Bank		292,917		263,566		255,837		187,608		172,750
Other Borrowings		160,980		155,517		156,960		216,838		78,528
Shareholders' Equity		271,531		268,211		259,035		250,504		232,386

Pennsylvania	0-15237	23-2210237
(State or other jurisdiction of incorporation or organization)	Commission File Number	(IRS Employer Identification No.)