8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D) OF

THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): August 1, 2012

OBA FINANCIAL SERVICES, INC.

(Exact Name of Registrant as Specified in its Charter)

Maryland	001-34593	27-1898270
(State or Other Jurisdiction of Incorporation)	(Commission File No.)	(I.R.S. Employer Identification No.)

20300 Seneca Meadows Parkway, Germantown, Maryland	20876
(Address of Principal Executive Offices)	(Zip Code)

Registrant’s telephone number, including area code:  (301) 916-0742

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

[  ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[  ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[  ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[  ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02. Results of Operations and Financial Condition.

On August 1, 2012, OBA Financial Services, Inc. issued a press release to announce its results of operations for the fiscal year ended June 30, 2012. The press release and related financial information is included as Exhibit 99.1 to this report. The information included in the press release and related financial information is considered to be “furnished” under the Securities Exchange Act of 1934.

Item 9.01 Financial Statements and Exhibits

(a) Not applicable

(b) Not applicable

(c) Not applicable

(d) Exhibits

Exhibit No. Description

99.1 Press release dated August 1, 2012

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

		OBA Financial Services, Inc.
DATE: August 6, 2012	By:	/s/ David A. Miller
		David A. Miller
		Senior Vice President and Chief Financial Officer

EXHIBIT INDEX

Exhibit No. Description

99.1 Press release dated August 1, 2012

EX-99.1

OBA Financial Services, Inc.

FOR IMMEDIATE RELEASE News Release

OBA Financial Services, Inc. Announces 4th Quarter Results

GERMANTOWN, MARYLAND: August 1, 2012 – OBA Financial Services, Inc., (NASDAQ – OBAF) (“Company”), the parent company of OBA Bank (“Bank”), announces net income of $268 thousand, or $0.07 basic and diluted earnings per share, for the twelve months ended June 30, 2012 as compared to net income of $857 thousand, or $0.20 basic and diluted earnings per share, for the comparable period in the prior year.

The Company also announces net income for its fiscal fourth quarter ended June 30, 2012 of $78 thousand, or $0.02 basic and diluted earnings per share, as compared to net income of $123 thousand, or $0.03 basic and diluted earnings per share, for the fiscal quarter ended June 30, 2011 and net income of $20 thousand, or $0.01 basic and diluted earnings per share, for the fiscal quarter ended March 31, 2012.

Income Statement

The Company’s net interest income for the quarter ended June 30, 2012 increased slightly to $3.2 million as compared to the quarter ended March 31, 2012.

The Company’s net interest income for the quarter ended June 30, 2012 increased $260 thousand to $3.2 million as compared to the quarter ended June 30, 2011. The Company’s net interest income for the twelve months ended June 30, 2012 increased $262 thousand to $12.3 million as compared to the twelve months ended June 30, 2011.

Balance Sheet

Total assets increased to $392.1 million at June 30, 2012 from $386.4 million at June 30, 2011.

Total loans increased to $296.2 million at June 30, 2012 from $281.9 million at June 30, 2011.

Total deposits increased to $269.6 million at June 30, 2012 from $257.0 million at June 30, 2011 while the Bank continued to pay down brokered deposits.

Equity and Capital

Stockholders’ equity decreased to $75.7 million at June 30, 2012 as compared to $80.9 million at June 30, 2011 primarily as a result of the Company’s share repurchase programs.  The Company’s initial share repurchase program was completed as of May 3, 2012, having repurchased the 462,875 shares approved in that initial program. The Company’s Board of Directors adopted a second share repurchase program, previously disclosed in the Company’s 8-K filed on March 21, 2012, which began at the conclusion of the initial program. The Company has repurchased 34 thousand shares in the second program as of July 17, 2012.  The Company and Bank remain well-capitalized with ratios well in excess of regulatory minimums.

Asset Quality

Total non-performing assets as a percentage of total assets decreased to 1.55% at June 30, 2012 as compared to 1.56% at March 31, 2012.  Total non-performing loans as a percentage of total loans decreased to 2.04% at June 30, 2012 as compared to 2.13% at March 31, 2012.  Total non-performing assets as a percentage of total assets increased to 1.55% at June 30, 2012 from 1.40% at June 30, 2011.  Total non-performing loans as a percentage of total loans increased to 2.04% at June 30, 2012 from 1.88% at June 30, 2011.

The allowance for loan losses as a percentage of total loans increased to 1.02% at June 30, 2012 from 0.80% at June 30, 2011, and increased from 0.94% at March 31, 2011.

About OBA Financial Services, Inc. and OBA Bank

OBA Financial Services, Inc. is the holding company for the Bank.  OBA Bank, founded in 1861, is a community-oriented bank which provides a variety of financial services to individuals and small businesses through its offices in Montgomery, Anne Arundel, and Howard Counties of Maryland.  The Bank’s primary deposits are demand, money market, and time certificate accounts and its primary lending products are residential and commercial mortgage loans.  Visit www.obabank.com to locate an ATM or branch near you or for more information about OBA Bank.

For additional information or questions, please contact:

Charles E. Weller, President & Chief Executive Officer or

David A. Miller, S.V.P. & Chief Financial Officer

OBA Financial Services, Inc.

20300 Seneca Meadow Parkway

Germantown, MD 20876

301-916-6400

Email: cweller@obabank.com

 damiller@obabank.com

Web Site: www.obabank.com

Forward-Looking Statements

When used in this Press Release, the words or phrases “will likely result,” “are expected to,” “will continue,” “is anticipated,” “estimate,” “project,” or similar expressions are intended to identify “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.  Such statements are subject to certain risks and uncertainties including, but not limited to, changes in economic conditions in the Bank’s market area, changes in policies by regulatory agencies, changes in the Bank’s regulator, fluctuations in interest rates, demand for loans in the Bank’s market area, competition that could cause actual results to differ materially from historical earnings and those presently anticipated or projected, and other risks described in the Company’s filings with the Securities and Exchange Commission.  The Company cautions readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made.  The Company advises readers that the factors listed above could affect the Company’s financial performance and could cause the Company’s actual results for future periods to differ materially from any opinions or statements expressed with respect to future periods in any current statements. The Company does not undertake, and specifically disclaims any obligation, to publicly release the result of any revision which may be made to any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.

OBA Financial Services, Inc.
FINANCIAL SUMMARY
(dollars in thousands, except per share data)	Three Months Ended									Three Months Ended
	June 30,									March 31,
	2012			2011			% Change			2012			% Change
RESULTS OF OPERATIONS:
Net interest income	$	3,157		$	2,897			9.0	%	$	3,136			0.7	%
Provision for loan losses		439			147			198.6			270			62.6
Non-interest income		183			216			(15.3	)		168			8.9
Non-interest expense		2,777			2,809			(1.1	)		2,938			(5.5	)
Income before taxes		124			157			(21.0	)		96			29.2
Income tax		46			34			35.3			76			(39.5	)
Net Income		78			123			(36.6	)		20			-
SHARE DATA:
Basic earnings per share	$	0.02		$	0.03			(33.3	)%	$	0.01			100.0	%
Diluted earnings per share		0.02			0.03			(33.3	)		0.01			100.0
Book value per common share		18.29			17.57			4.1			18.15			0.8
Tangible book value per common share		18.29			17.57			4.1			18.15			0.8
Weighted average shares - basic		3,825,048			4,278,152			(10.6	)		3,864,229			(1.0	)
Weighted average shares - diluted		3,864,705			4,278,152			(9.7	)		3,884,532			(0.5	)
Common shares outstanding		4,139,597			4,602,050			(10.0	)		4,176,550			(0.9	)
SELECTED RATIOS:
Return on average assets		0.08	%		0.13	%					0.02	%
Return on average equity		0.41			0.61						0.11
Net interest margin		3.62			3.67						3.63
Leverage ratio		19.17			20.81						19.22
Tier I risk-based capital ratio		27.94			32.26						29.22
Total risk-based capital ratio		29.07			33.16						30.26
Allowance for loan losses to total loans		1.02			0.80						0.94
Non-performing loans to total loans		2.04			1.88						2.13
Non-performing assets to total assets		1.55			1.40						1.56
END OF PERIOD BALANCES:
Investment securities	$	36,850		$	39,451			(6.6	)%	$	40,232			(8.4	)%
Total loans		296,241			281,866			5.1			284,877			4.0
Earning assets		361,359			336,795			7.3			350,589			3.1
Assets		392,086			386,445			1.5			391,812			0.1
Deposits		269,572			257,031			4.9			257,960			4.5
Borrowings		43,431			45,184			(3.9	)		55,304			(21.5	)
Stockholders' equity		75,715			80,860			(6.4	)		75,824			(0.1	)
AVERAGE BALANCES:
Investment securities	$	37,497		$	24,373			53.8	%	$	40,906			(8.3	)%
Total loans		286,425			279,516			2.5			282,779			1.3
Earning assets		350,406			316,798			10.6			347,474			0.8
Assets		389,599			379,097			2.8			385,748			1.0
Deposits		261,790			245,938			6.4			254,160			3.0
Borrowings		50,006			50,006			-			53,901			(7.2	)
Stockholders' equity		75,981			81,182			(6.4	)		76,157			(0.2	)

OBA Financial Services, Inc.
FINANCIAL SUMMARY
(dollars in thousands, except per share data)	Twelve Months Ended
	June 30,
	2012			2011			% Change
RESULTS OF OPERATIONS:
Net interest income	$	12,309		$	12,047			2.2	%
Provision for loan losses		1,085			739			46.8
Non-interest income		734			967			(24.1	)
Non-interest expense		11,505			11,035			4.3
Income before taxes		453			1,240			(63.5	)
Income tax		185			383			(51.7	)
Net Income		268			857			(68.7	)
SHARE DATA:
Basic earnings per share	$	0.07		$	0.20			(65.0	)%
Diluted earnings per share		0.07			0.20			(65.0	)
Book value per common share		18.29			17.57			4.1
Tangible book value per common share		18.29			17.57			4.1
Weighted average shares - basic		3,952,585			4,273,799			(7.5	)
Weighted average shares - diluted		3,971,102			4,273,799			(7.1	)
Common shares outstanding		4,139,597			4,602,050			(10.0	)
SELECTED RATIOS:
Return on average assets		0.07	%		0.23	%
Return on average equity		0.35			1.06
Net interest margin		3.59			3.70
Leverage ratio		19.17			20.81
Tier I risk-based capital ratio		27.94			32.26
Total risk-based capital ratio		29.07			33.16
Allowance for loan losses to total loans		1.02			0.80
Non-performing loans to total loans		2.04			1.88
Non-performing assets to total assets		1.55			1.40
END OF PERIOD BALANCES:
Investment securities	$	36,850		$	39,451			(6.6	)%
Total loans		296,241			281,866			5.1
Earning assets		361,359			336,795			7.3
Assets		392,086			386,445			1.5
Deposits		269,572			257,031			4.9
Borrowings		43,431			45,184			(3.9	)
Stockholders' equity		75,715			80,860			(6.4	)
AVERAGE BALANCES:
Investment securities	$	38,121		$	27,725			37.5	%
Total loans		282,166			281,051			0.4
Earning assets		342,450			325,471			5.2
Assets		387,993			365,333			6.2
Deposits		259,483			229,660			13.0
Borrowings		49,278			53,145			(7.3	)
Stockholders' equity		77,325			80,906			(4.4	)