Summary of Quarterly Results (unaudited)

12 Months Ended

Dec. 31, 2011

Summary of Quarterly Results (unaudited):

Summary of Quarterly Results (unaudited)

15.  SUMMARY OF QUARTERLY RESULTS (UNAUDITED)

The following summarizes the consolidated results of operations during 2011 and 2010, on a quarterly basis, for United Bancshares, Inc. and Subsidiary:

	(Dollars in thousands)
		2011
		Fourth			Third			Second			First
		Quarter			quarter			Quarter			Quarter
Interest income		$	847		$	818		$	813		$	825
Interest expense			52			60			62			61
Net interest income			795			758			751			764
Provision for loan losses			70			30			40			30
Net interest after provision for loan losses			725			728			711			734
Noninterest income			259			199			399			214
Noninterest expense			1,257			1,209			1,279			1,255
Net loss		$	(273	)	$	(282	)	$	(169	)	$	(307	)
Basic (loss per common share		$	(0.26	)	$	(0.26	)	$	(0.16	)	$	(0.29	)
Diluted loss per common share		$	(0.26	)	$	(0.26	)	$	(0.16	)	$	(0.29	)

(Dollars in thousands)

	2010
	Fourth			Third		Second			First
	Quarter			quarter		quarter			Quarter
Interest income	$	851		$	878	$	848		$	812
Interest expense		68			74		77			76
Net interest income		783			804		771			736
Provision for loan losses		270			70		377			30
Net interest after provision for loan losses		513			734		394			706
Noninterest income		282			615		301			267
Noninterest expense		1317			1,303		1,256			1,164
Net loss	$	(522	)	$	46	$	(561	)	$	(191	)
Basic loss per common share	$	( 0.47	)	$	0.04	$	(0.54	)	$	(0.18	)
Diluted loss per common share	$	( 0.47	)	$	0.04	$	(0.54	)	$	(0.18	)