Maryland
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001-34593
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27-1898270
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(State or Other Jurisdiction
of Incorporation)
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(Commission File No.)
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(I.R.S. Employer
Identification No.)
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20300 Seneca Meadows Parkway, Germantown, Maryland
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20876
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(Address of Principal Executive Offices)
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(Zip Code)
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[ ]
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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[ ]
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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[ ]
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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[ ]
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Item 2.02.
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Results of Operations and Financial Condition.
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Item 9.01
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Financial Statements and Exhibits
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(a)
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Not applicable
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(b)
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Not applicable
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(c)
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Not applicable
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(d)
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Exhibits
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Exhibit No.
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Description
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99.1
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Press release dated October 26, 2011
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OBA Financial Services, Inc.
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DATE: October 26, 2011
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By:
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/s/ Charles E. Weller
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Charles E. Weller
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President and Chief Executive Officer
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Exhibit No.
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Description
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99.1
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Press release dated October 26, 2011
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FOR IMMEDIATE RELEASE
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News Release
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OBA Financial Services, Inc.
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FINANCIAL SUMMARY
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||||||||||||||||||||
(dollars in thousands, except per share data)
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Three Months Ended
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Three Months Ended
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||||||||||||||||||
September 30,
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June 30,
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|||||||||||||||||||
2011
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2010
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% Change
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2011
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% Change
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||||||||||||||||
RESULTS OF OPERATIONS:
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Net interest income
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$ | 2,974 | $ | 2,967 | 0.2 | % | $ | 2,897 | 2.7 | % | ||||||||||
Provision for loan losses
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147 | 158 | (7.0 | ) | 147 | - | ||||||||||||||
Non-interest income
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211 | 253 | (16.6 | ) | 216 | (2.3 | ) | |||||||||||||
Non-interest expense
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2,936 | 2,685 | 9.3 | 2,809 | 4.5 | |||||||||||||||
Income before taxes
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102 | 377 | (72.9 | ) | 157 | (35.0 | ) | |||||||||||||
Income tax
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14 | 125 | (88.8 | ) | 34 | (58.8 | ) | |||||||||||||
Net Income
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88 | 252 | (65.1 | ) | 123 | (28.5 | ) | |||||||||||||
SHARE DATA:
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Basic earnings per share
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$ | 0.02 | $ | 0.06 | (66.7 | )% | $ | 0.03 | (33.3 | )% | ||||||||||
Diluted earnings per share
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0.02 | 0.06 | (66.7 | ) | 0.03 | (33.3 | ) | |||||||||||||
Book value per common share
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17.86 | 17.38 | 2.8 | 17.57 | 1.7 | |||||||||||||||
Tangible book value per common share
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17.86 | 17.38 | 2.8 | 17.57 | 1.7 | |||||||||||||||
Weighted average shares - basic
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4,193,848 | 4,267,758 | (1.7 | ) | 4,278,152 | (2.0 | ) | |||||||||||||
Weighted average shares - diluted
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4,378,751 | 4,267,758 | 2.6 | 4,278,152 | 2.4 | |||||||||||||||
Common shares outstanding
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4,351,200 | 4,628,750 | (6.0 | ) | 4,602,050 | (5.5 | ) | |||||||||||||
SELECTED RATIOS:
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||||||||||||||||||||
Return on average assets
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0.09 | % | 0.27 |
%
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0.13 |
%
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||||||||||||||
Return on average equity
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0.43 | 1.24 | 0.61 | |||||||||||||||||
Net interest margin
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3.52 | 3.47 | 3.67 | |||||||||||||||||
Leverage ratio
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19.45 | 21.88 | 20.81 | |||||||||||||||||
Tier I risk-based capital ratio
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30.88 | 33.39 | 32.26 | |||||||||||||||||
Total risk-based capital ratio
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31.85 | 34.20 | 33.16 | |||||||||||||||||
Allowance for loan losses to total loans
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0.85 | 0.67 | 0.80 | |||||||||||||||||
Non-performing loans to total loans
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2.18 | 0.16 | 1.88 | |||||||||||||||||
Non-performing assets to total assets
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1.58 | 0.18 | 1.40 | |||||||||||||||||
END OF PERIOD BALANCES:
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||||||||||||||||||||
Investment securities
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$ | 37,298 | $ | 31,552 | 18.2 | % | $ | 39,451 | (5.5 | )% | ||||||||||
Total loans
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281,999 | 286,012 | (1.4 | ) | 281,866 | - | ||||||||||||||
Earning assets
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338,926 | 329,125 | 3.0 | 336,795 | 0.6 | |||||||||||||||
Assets
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396,659 | 365,793 | 8.4 | 386,445 | 2.6 | |||||||||||||||
Deposits
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270,716 | 228,330 | 18.6 | 257,031 | 5.3 | |||||||||||||||
Borrowings
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45,762 | 54,547 | (16.1 | ) | 45,184 | 1.3 | ||||||||||||||
Stockholders' equity
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77,721 | 80,441 | (3.4 | ) | 80,860 | (3.9 | ) | |||||||||||||
AVERAGE BALANCES:
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Investment securities
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$ | 37,414 | $ | 31,793 | 17.7 | % | $ | 24,373 | 53.5 | % | ||||||||||
Total loans
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280,418 | 277,979 | 0.9 | 279,516 | 0.3 | |||||||||||||||
Earning assets
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335,444 | 339,041 | (1.1 | ) | 316,798 | 5.9 | ||||||||||||||
Assets
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392,649 | 367,296 | 6.9 | 379,097 | 3.6 | |||||||||||||||
Deposits
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262,927 | 228,245 | 15.2 | 245,938 | 6.9 | |||||||||||||||
Borrowings
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46,656 | 56,381 | (17.2 | ) | 50,006 | (6.7 | ) | |||||||||||||
Stockholders' equity
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80,328 | 80,559 | (0.3 | ) | 81,182 | (1.1 | ) |