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 April 24, 2012
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OBA Financial Services, Inc.
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||
DATE: May 8, 2012
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By:
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/s/ David A. Miller
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David A. Miller
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Senior Vice President and Chief Financial 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 April 24, 2012
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FOR IMMEDIATE RELEASE
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News Release
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Email:
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cweller@obabank.com
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damiller@obabank.com
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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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||||||||||||||||||
March 31,
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December 31,
|
|||||||||||||||||||
2012
|
2011
|
% Change
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2011
|
% Change
|
||||||||||||||||
RESULTS OF OPERATIONS:
|
||||||||||||||||||||
Net interest income
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$ | 3,136 | $ | 3,108 | 0.9 | % | $ | 3,042 | 3.1 | |||||||||||
Provision for loan losses
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270 | 189 | 42.9 | 229 | 17.9 | |||||||||||||||
Non-interest income
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168 | 190 | (11.6 | ) | 172 | (2.3 | ) | |||||||||||||
Non-interest expense
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2,938 | 2,824 | 4.0 | 2,854 | 2.9 | |||||||||||||||
Income before taxes
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96 | 285 | (66.3 | ) | 131 | (26.7 | ) | |||||||||||||
Income tax
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76 | 86 | (11.6 | ) | 49 | 55.1 | ||||||||||||||
Net Income
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20 | 199 | (89.9 | ) | 82 | (75.6 | ) | |||||||||||||
SHARE DATA:
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||||||||||||||||||||
Basic earnings per share
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$ | 0.01 | $ | 0.05 | (80.0 | )% | $ | 0.02 | (50.0 | ) | ||||||||||
Diluted earnings per share
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0.01 | 0.05 | (80.0 | ) | 0.02 | (50.0 | ) | |||||||||||||
Book value per common share
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18.15 | 17.47 | 3.9 | 18.03 | 0.7 | |||||||||||||||
Tangible book value per common share
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18.15 | 17.47 | 3.9 | 18.03 | 0.7 | |||||||||||||||
Weighted average shares - basic
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3,864,229 | 4,277,016 | (9.7 | ) | 3,924,869 | (1.5 | ) | |||||||||||||
Weighted average shares - diluted
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3,884,532 | 4,277,016 | (9.2 | ) | 3,933,087 | (1.2 | ) | |||||||||||||
Common shares outstanding
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4,176,550 | 4,628,750 | (9.8 | ) | 4,210,850 | (0.8 | ) | |||||||||||||
SELECTED RATIOS:
|
||||||||||||||||||||
Return on average assets
|
0.02 | % | 0.23 |
%
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0.08 |
%
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||||||||||||||
Return on average equity
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0.11 | 1.00 | 0.42 | |||||||||||||||||
Net interest margin
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3.63 | 3.92 | 3.59 | |||||||||||||||||
Leverage ratio
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19.22 | 22.63 | 19.76 | |||||||||||||||||
Tier I risk-based capital ratio
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29.78 | 32.72 | 29.85 | |||||||||||||||||
Total risk-based capital ratio
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30.83 | 33.61 | 30.88 | |||||||||||||||||
Allowance for loan losses to total loans
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0.94 | 0.77 | 0.93 | |||||||||||||||||
Non-performing loans to total loans
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2.15 | 0.16 | 2.34 | |||||||||||||||||
Non-performing assets to total assets
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1.58 | 0.16 | 1.74 | |||||||||||||||||
END OF PERIOD BALANCES:
|
||||||||||||||||||||
Investment securities
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$ | 40,232 | $ | 25,570 | 57.3 | % | $ | 43,348 | (7.2 | ) | ||||||||||
Total loans
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284,877 | 284,254 | 0.2 | 281,560 | 1.2 | |||||||||||||||
Earning assets
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350,589 | 322,903 | 8.6 | 347,526 | 0.9 | |||||||||||||||
Assets
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391,812 | 355,971 | 10.1 | 382,017 | 2.6 | |||||||||||||||
Deposits
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257,960 | 215,689 | 19.6 | 251,873 | 2.4 | |||||||||||||||
Borrowings
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55,304 | 56,829 | (2.7 | ) | 52,250 | 5.8 | ||||||||||||||
Stockholders' equity
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75,824 | 80,869 | (6.2 | ) | 75,927 | (0.1 | ) | |||||||||||||
AVERAGE BALANCES:
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||||||||||||||||||||
Investment securities
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$ | 40,906 | $ | 25,738 | 58.9 | % | $ | 36,692 | 11.5 | |||||||||||
Total loans
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282,779 | 282,954 | (0.1 | ) | 279,095 | 1.3 | ||||||||||||||
Earning assets
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347,474 | 321,312 | 8.1 | 336,618 | 3.2 | |||||||||||||||
Assets
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385,748 | 351,033 | 9.9 | 383,968 | 0.5 | |||||||||||||||
Deposits
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254,160 | 216,495 | 17.4 | 259,022 | (1.9 | ) | ||||||||||||||
Borrowings
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53,901 | 52,877 | 1.9 | 46,607 | 15.7 | |||||||||||||||
Stockholders' equity
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76,157 | 81,007 | (6.0 | ) | 76,806 | (0.8 | ) |
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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Nine Months Ended
|
|||||||||||
March 31,
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||||||||||||
2012
|
2011
|
% Change
|
||||||||||
RESULTS OF OPERATIONS:
|
||||||||||||
Net interest income
|
$ | 9,152 | $ | 9,150 | - | % | ||||||
Provision for loan losses
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646 | 592 | 9.1 | |||||||||
Non-interest income
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551 | 751 | (26.6 | ) | ||||||||
Non-interest expense
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8,728 | 8,226 | 6.1 | |||||||||
Income before taxes
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329 | 1,083 | (69.6 | ) | ||||||||
Income tax
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139 | 349 | (60.2 | ) | ||||||||
Net Income
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190 | 734 | (74.1 | ) | ||||||||
SHARE DATA:
|
||||||||||||
Basic earnings per share
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$ | 0.05 | $ | 0.17 | (70.6 | )% | ||||||
Diluted earnings per share
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0.05 | 0.17 | (70.6 | ) | ||||||||
Book value per common share
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18.15 | 17.47 | 3.9 | |||||||||
Tangible book value per common share
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18.15 | 17.47 | 3.9 | |||||||||
Weighted average shares - basic
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3,994,788 | 4,272,353 | (6.5 | ) | ||||||||
Weighted average shares - diluted
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4,005,445 | 4,272,353 | (6.2 | ) | ||||||||
Common shares outstanding
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4,176,550 | 4,628,750 | (9.8 | ) | ||||||||
SELECTED RATIOS:
|
||||||||||||
Return on average assets
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0.07 | % | 0.27 | % | ||||||||
Return on average equity
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0.33 | 1.21 | ||||||||||
Net interest margin
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3.58 | 3.71 | ||||||||||
Leverage ratio
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19.22 | 22.63 | ||||||||||
Tier I risk-based capital ratio
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29.78 | 32.72 | ||||||||||
Total risk-based capital ratio
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30.83 | 33.61 | ||||||||||
Allowance for loan losses to total loans
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0.94 | 0.77 | ||||||||||
Non-performing loans to total loans
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2.15 | 0.16 | ||||||||||
Non-performing assets to total assets
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1.58 | 0.16 | ||||||||||
END OF PERIOD BALANCES:
|
||||||||||||
Investment securities
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$ | 40,232 | $ | 25,570 | 57.3 | % | ||||||
Total loans
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284,877 | 284,254 | 0.2 | |||||||||
Earning assets
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350,589 | 322,903 | 8.6 | |||||||||
Assets
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391,812 | 355,971 | 10.1 | |||||||||
Deposits
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257,960 | 215,689 | 19.6 | |||||||||
Borrowings
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55,304 | 56,829 | (2.7 | ) | ||||||||
Stockholders' equity
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75,824 | 80,869 | (6.2 | ) | ||||||||
AVERAGE BALANCES:
|
||||||||||||
Investment securities
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$ | 38,328 | $ | 28,839 | 32.9 | % | ||||||
Total loans
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280,757 | 281,560 | (0.3 | ) | ||||||||
Earning assets
|
339,818 | 328,351 | 3.5 | |||||||||
Assets
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387,461 | 360,761 | 7.4 | |||||||||
Deposits
|
258,719 | 224,254 | 15.4 | |||||||||
Borrowings
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49,037 | 54,188 | (9.5 | ) | ||||||||
Stockholders' equity
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77,769 | 80,814 | (3.8 | ) |