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): July 27, 2012

GEORGETOWN BANCORP, INC.

(Exact Name of Registrant as Specified in its Charter)

Maryland	001-35595	80-0817763
(State or Other Jurisdiction of Incorporation)	(Commission File No.)	(I.R.S. Employer Identification No.)

2 East Main Street, Georgetown, MA	01833
(Address of Principal Executive Offices)	(Zip Code)

Registrant’s telephone number, including area code:  978-352-8600

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):

oWritten communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

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

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

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

Item 2.02Results of Operations and Financial Condition.

On July 27, 2012 Georgetown Bancorp, Inc. (the “Company”) issued a Press Release disclosing its results of operations and financial condition at and for the three and six months ended June 30, 2012. A copy of the Press Release is included as Exhibit 99.1 to this report. The Company will include final financial statements and additional analyses at and for the period ended June 30, 2012, as part of its Form 10-Q covering that period.

The information in the preceding paragraph, as well as Exhibit 99.1 referenced therein, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933.

Item 9.01.Financial Statements and Exhibits.

(a)Not Applicable.

(b)Not Applicable.

(c)Not Applicable.

(d)Exhibits. The following exhibit is being furnished herewith:

Exhibit No.	Description
99.1	Press release dated July 27, 2012

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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.

	GEORGETOWN BANCORP, INC.
DATE: July 30, 2012	By:	/s/ Robert E. Balletto
			Robert E. Balletto
			President and Chief Executive Officer

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EX-99.1

Exhibit 99.1

PRESS RELEASE

Contact Information:

Joseph W. Kennedy, Senior Vice President/CFO

Georgetown Bancorp, Inc.

978-352-8600

joe.kennedy@georgetownbank.com

Georgetown Bancorp, Inc. Reports Continued Profitability Trends for the Three and Six Months Ended

June 30, 2012

GEORGETOWN, MASSACHUSETTS, July 27, 2012 —

Georgetown Bancorp, Inc. (NASDAQ: GTWND) (the “Company”), holding company for Georgetown Savings Bank (the “Bank”), reported net income for the three months ended June 30, 2012 of $135,000, or $.05 per basic and diluted share, compared to a net loss of $20,000, or $.01 per basic and diluted share, for the three months ended June 30, 2011. Net income for the six months ended June 30, 2012 was $288,000, or $.11 per basic and diluted share, compared to net income of $312,000, or $.12 per basic and diluted share, for the six months ended June 30, 2011.

Robert E. Balletto, President and Chief Executive Officer, said, “The Company’s asset quality remained stable, as non-performing assets to total assets was .99% at June 30, 2012, compared to 1.00% at March 31, 2012. As we continue to execute our strategic plan, which includes the judicious development of our commercial lending business, we remain focused on maintaining high asset quality and enhancing long-term shareholder value.”

Georgetown Bancorp, Inc.

Selected Financial Data

	At or for the			At or for the
	Period Ended			Year Ended
	June 30, 2012			December 31, 2011
	(Dollars in thousands, except share data)
Selected Financial Condition Data:
Total assets	$	214,580		$	199,375
Cash and cash equivalents	40,274			19,083
Loans receivable, net	151,328			161,120
Allowance for loan losses	1,553			1,824
Investment securities (1)	9,121			6,496
Deposits	166,594			151,085
Borrowings	25,100			25,694
Total stockholders’ equity	20,711			20,329
Stockholders’ equity to total assets at end of period	9.65		%	10.20		%
Total shares outstanding	2,694,341			2,680,455
Asset Quality Data:
Total non-performing loans	$	1,847		$	3,133
Other real estate owned	283			30
Total non-performing assets	2,130			3,163
Non-performing loans to total loans	1.21		%	1.92		%
Non-performing assets to total assets	0.99		%	1.59		%
Allowance for loan losses to non-performing loans	84.08		%	58.22		%
Allowance for loan losses to total loans	1.02		%	1.12		%
Loans charged off	$	371		$	788
Recoveries on loans previously charged off	5			12

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2012			2011			2012			2011
	(Dollars in thousands, except per share data)
Selected Operating Data:
Interest and dividend income	$	2,256		$	2,777		$	4,577		$	5,574
Interest expense	447			646			949			1,316
Net interest income	1,809			2,131			3,628			4,258
Provision for loan losses	31			681			95			745
Net interest income after provision for loan losses	1,778			1,450			3,533			3,513
Non-interest income	329			198			612			424
Non-interest expense	1,905			1,707			3,710			3,466
Income (loss) before income taxes	202			(59		)	435			471
Income tax provision (benefit)	67			(39		)	147			159
Net income (loss)	$	135		$	(20	)	$	288		$	312
Net income (loss) per share: basic	$	0.05		$	(0.01	)	$	0.11		$	0.12
Net income (loss) per share: diluted	$	0.05		$	(0.01	)	$	0.11		$	0.12
Net income (loss) per share: basic (2)	$	0.07		$	(0.01	)	$	0.15		$	0.16
Net income (loss) per share: diluted (2)	$	0.07		$	(0.01	)	$	0.15		$	0.16
Performance Ratios:
Return on average assets	0.27		%	-0.04		%	0.29		%	0.31		%
Return on average equity	2.66		%	-0.41		%	2.83		%	3.20		%
Interest rate spread	3.57		%	4.24		%	3.59		%	4.18		%
Net interest margin	3.74		%	4.46		%	3.76		%	4.40		%
Efficiency ratio (3)	89.04		%	73.31		%	87.49		%	74.03		%
Non-interest expense to average total assets	3.75		%	3.38		%	3.68		%	3.40		%

(1) Does not include Federal Home Loan Bank Stock of $2.9 million.

(2) Adjusted to reflect 0.72014 exchange ratio in connection with second-step conversion completed July 11, 2012.

(3) The efficiency ratio represents non-interest expense divided by the sum of net interest income and non-interest income.

About Georgetown Bancorp, Inc.

Georgetown Bancorp, Inc. is the holding company for Georgetown Savings Bank. Georgetown Savings Bank, with branch offices in Georgetown, North Andover and Rowley, Massachusetts, is committed to making a positive difference in the communities we serve. We strive to deliver exceptional personal service at all times and to help each of our customers achieve their unique financial goals through a competitive array of commercial and consumer banking services. To learn more about Georgetown Savings Bank, visit www.georgetownbank.com or call 978-352-8600.

Forward-looking statements

This news release may contain certain forward-looking statements, such as statements of the Company’s or the Bank’s plans, objectives, expectations, estimates and intentions. Forward-looking statements may be identified by the use of words such as “expects,” “subject,” “believe,” “will,” “intends,” “will be” or “would.” These statements are subject to change based on various important factors (some of which are beyond the Company’s or the Bank’s control) and actual results may differ materially. Accordingly, readers should not place undue reliance on any forward-looking statements (which reflect management’s analysis of factors only as of the date of which they are given). These factors include general economic conditions, trends in interest rates, the ability of our borrowers to repay their loans, the ability of the Company or the Bank to effectively manage its growth, and results of regulatory examinations, among other factors. The foregoing list of important factors is not exclusive. Readers should carefully review the risk factors described in other documents the Company files from time to time with the Securities and Exchange Commission, including the final Prospectus filed in connection with our second-step conversion and Current Reports on Form 8-K.

END