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 January 28, 2013
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OBA Financial Services, Inc.
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||
DATE: January 29, 2013
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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 January 28, 2013
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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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||||||||||||||||||||
December 31,
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September 30,
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|||||||||||||||||||||
2012
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2011
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% Change (2)
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2012
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% Change (2)
|
||||||||||||||||||
RESULTS OF OPERATIONS:
|
||||||||||||||||||||||
Net interest income
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$ | 3,404 | $ | 3,042 | 11.9 |
%
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$ | 3,255 | 4.6 |
%
|
||||||||||||
Provision for loan losses
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(17 | ) | 229 | (107.4 | ) | 112 | (115.2 | ) | ||||||||||||||
Non-interest income
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175 | 172 | 1.7 | 200 | (12.5 | ) | ||||||||||||||||
Non-interest expense
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2,908 | 2,854 | 1.9 | 2,921 | (0.4 | ) | ||||||||||||||||
Income before taxes
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688 | 131 | - | 422 | 63.0 | |||||||||||||||||
Income tax
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291 | 49 | - | 162 | 79.6 | |||||||||||||||||
Net Income
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397 | 82 | - | 260 | 52.7 | |||||||||||||||||
SHARE DATA:
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||||||||||||||||||||||
Basic earnings per share
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$ | 0.10 | $ | 0.02 | - |
%
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$ | 0.07 | 42.9 |
%
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||||||||||||
Diluted earnings per share
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0.10 | 0.02 | - | 0.07 | 42.9 | |||||||||||||||||
Book value per common share(1)
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17.59 | 17.03 | 3.3 | 17.48 | 0.6 | |||||||||||||||||
Tangible book value per common share(1)
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17.59 | 17.03 | 3.3 | 17.48 | 0.6 | |||||||||||||||||
Weighted average shares - basic
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3,799,778 | 3,924,869 | (3.2 | ) | 3,825,224 | (0.7 | ) | |||||||||||||||
Weighted average shares - diluted
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3,871,539 | 3,933,087 | (1.6 | ) | 3,881,946 | (0.3 | ) | |||||||||||||||
Common shares outstanding(1)
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4,301,450 | 4,458,303 | (3.5 | ) |
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4,332,634 | (0.7 | ) | ||||||||||||||
SELECTED RATIOS:
|
||||||||||||||||||||||
Return on average assets
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0.41 | % | 0.08 | % | 0.27 |
%
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||||||||||||||||
Return on average equity
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2.08 | 0.42 | 1.36 | |||||||||||||||||||
Net interest margin
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3.80 | 3.59 | 3.62 | |||||||||||||||||||
Leverage ratio
|
19.72 | 19.76 |
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19.29 | ||||||||||||||||||
Tier I risk-based capital ratio
|
27.73 | 29.85 |
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27.66 | ||||||||||||||||||
Total risk-based capital ratio
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28.89 | 30.88 |
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28.82 | ||||||||||||||||||
Allowance for loan losses to total loans
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1.05 | 0.93 | 1.05 | |||||||||||||||||||
Non-performing loans to total loans
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2.00 | 2.34 | 2.03 | |||||||||||||||||||
Non-performing assets to total assets
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1.56 | 1.74 | 1.57 | |||||||||||||||||||
END OF PERIOD BALANCES:
|
||||||||||||||||||||||
Investment securities
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$ | 45,169 | $ | 43,348 | 4.2 |
%
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$ | 50,379 | (10.3 | ) |
%
|
|||||||||||
Total loans
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297,564 | 281,560 | 5.7 | 298,000 | (0.1 | ) | ||||||||||||||||
Earning assets
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355,177 | 347,526 | 2.2 | 359,260 | (1.1 | ) | ||||||||||||||||
Assets
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380,959 | 382,017 | (0.3 | ) | 388,755 | (2.0 | ) | |||||||||||||||
Deposits
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266,653 | 251,873 | 5.9 | 271,685 | (1.9 | ) | ||||||||||||||||
Borrowings
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36,727 | 52,250 | (29.7 | ) | 38,828 | (5.4 | ) | |||||||||||||||
Stockholders' equity
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75,683 | 75,927 | (0.3 | ) | 75,717 | - | ||||||||||||||||
AVERAGE BALANCES:
|
||||||||||||||||||||||
Investment securities
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$ | 46,910 | $ | 36,692 | 27.8 |
%
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$ | 40,189 | 16.7 |
%
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||||||||||||
Total loans
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296,827 | 279,095 | 6.4 | 295,016 | 0.6 | |||||||||||||||||
Earning assets
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355,921 | 336,618 | 5.7 | 357,616 | (0.5 | ) | ||||||||||||||||
Assets
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387,262 | 383,968 | 0.9 | 388,680 | (0.4 | ) | ||||||||||||||||
Deposits
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269,326 | 259,022 | 4.0 | 270,632 | (0.5 | ) | ||||||||||||||||
Borrowings
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39,515 | 46,607 | (15.2 | ) | 39,445 | 0.2 | ||||||||||||||||
Stockholders' equity
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75,792 | 76,806 | (1.3 | ) | 75,777 | - | ||||||||||||||||
(1) Reflects the inclusion in common shares outstanding of previously granted and voting-eligible shares of restricted stock under the OBA Financial Services, Inc. 2011 Equity Incentive Plan.
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||||||||||||||||||||||
(2) For percent change greater than 200%, change will not be shown.
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||||||||||||||||||||||
OBA Financial Services, Inc.
|
|||||||||||||
FINANCIAL SUMMARY
|
|||||||||||||
(dollars in thousands, except per share data)
|
Six Months Ended
|
||||||||||||
December 31,
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|||||||||||||
2012
|
2011
|
% Change (2)
|
|||||||||||
RESULTS OF OPERATIONS:
|
|||||||||||||
Net interest income
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$ | 6,659 | $ | 6,016 | 10.7 |
%
|
|||||||
Provision for loan losses
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95 | 376 | (74.7 | ) | |||||||||
Non-interest income
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375 | 383 | (2.1 | ) | |||||||||
Non-interest expense
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5,829 | 5,790 | 0.7 | ||||||||||
Income before taxes
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1,110 | 233 | - | ||||||||||
Income tax
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453 | 63 | - | ||||||||||
Net Income
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657 | 170 | - | ||||||||||
SHARE DATA:
|
|||||||||||||
Basic earnings per share
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$ | 0.17 | $ | 0.04 | - |
%
|
|||||||
Diluted earnings per share
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0.17 | 0.04 | - | ||||||||||
Book value per common share(1)
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17.59 | 17.03 | 3.3 | ||||||||||
Tangible book value per common share(1)
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17.59 | 17.03 | 3.3 | ||||||||||
Weighted average shares - basic
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3,812,501 | 4,059,359 | (6.1 | ) | |||||||||
Weighted average shares - diluted
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3,862,525 | 4,064,369 | (5.0 | ) | |||||||||
Common shares outstanding(1)
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4,301,450 | 4,458,303 | (3.5 | ) | |||||||||
SELECTED RATIOS:
|
|||||||||||||
Return on average assets
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0.34 | % | 0.09 | % | |||||||||
Return on average equity
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1.72 | 0.43 | |||||||||||
Net interest margin
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3.71 | 3.55 | |||||||||||
Leverage ratio
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19.72 | 19.76 | |||||||||||
Tier I risk-based capital ratio
|
27.73 | 29.85 | |||||||||||
Total risk-based capital ratio
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28.89 | 30.88 | |||||||||||
Allowance for loan losses to total loans
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1.05 | 0.93 | |||||||||||
Non-performing loans to total loans
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2.00 | 2.34 | |||||||||||
Non-performing assets to total assets
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1.56 | 1.74 | |||||||||||
END OF PERIOD BALANCES:
|
|||||||||||||
Investment securities
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$ | 45,169 | $ | 43,348 | 4.2 |
%
|
|||||||
Total loans
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297,564 | 281,560 | 5.7 | ||||||||||
Earning assets
|
355,177 | 347,526 | 2.2 | ||||||||||
Assets
|
380,959 | 382,017 | (0.3 | ) | |||||||||
Deposits
|
266,653 | 251,873 | 5.9 | ||||||||||
Borrowings
|
36,727 | 52,250 | (29.7 | ) | |||||||||
Stockholders' equity
|
75,683 | 75,927 | (0.3 | ) | |||||||||
AVERAGE BALANCES:
|
|||||||||||||
Investment securities
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$ | 43,550 | $ | 37,053 | 17.5 |
%
|
|||||||
Total loans
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295,921 | 279,757 | 5.8 | ||||||||||
Earning assets
|
356,769 | 336,031 | 6.2 | ||||||||||
Assets
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387,971 | 388,309 | (0.1 | ) | |||||||||
Deposits
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269,979 | 260,974 | 3.5 | ||||||||||
Borrowings
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39,480 | 46,632 | (15.3 | ) | |||||||||
Stockholders' equity
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75,785 | 78,567 | (3.5 | ) | |||||||||
(1) Reflects the inclusion in common shares outstanding of previously granted and voting-eligible shares of restricted stock under the OBA Financial Services, Inc. 2011 Equity Incentive Plan.
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|||||||||||||
(2) For percent change greater than 200%, change will not be shown.
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|||||||||||||