OBA Financial Services, Inc. announced earnings results for the third quarter and nine months ended March 31, 2013. The company's net interest income for the three months ended March 31, 2013 increased $288,000 as compared to $3.1 million for the three months ended March 31, 2012. The company's net income for the three months ended March 31, 2013 was primarily impacted by an increase in net interest income of $288,000 and a decrease in the provision for loan losses of $41,000 partially offset by an increase in income tax expense of $104,000 as compared to the three months ended March 31, 2012. Net income for the fiscal third quarter, which ended March 31, 2013, was $237,000, or $0.06 basic and diluted earnings per share, as compared to net income of $20,000, or $0.01 basic and diluted earnings per share, for the three months ended March 31, 2012 and net income of $397,000, or $0.10 basic and diluted earnings per share, for the three months ended December 31, 2012. Income before taxes was $417,000 against $96,000 a year ago. Book value per common share was $17.67 against $17.14 a year ago. Tangible book value per common share was $17.67 against $17.14 a year ago. Return on average assets was 0.25% against 0.02% a year ago. Return on average equity was 1.27% against 0.11% a year ago. The company's net interest income for the nine months ended March 31, 2013 was $10.1 million as compared to $9.2 million for the nine months ended March 31, 2012. The increase in net interest income was primarily the result of the Bank decreasing deposit rates while maintaining its competitive position within the local market and paying off several matured higher costing Federal Home Loan Bank advances. The company's net income for the nine months ended March 31, 2013 was primarily impacted by an increase in net interest income of $931,000 and a decrease in the provision for loan losses of $322,000 partially offset by an increase in income tax expense of $494,000 as compared to the nine months ended March 31, 2012. Net income of $894,000, or $0.24 basic and $0.23 diluted earnings per share, for the nine months ended March 31, 2013 as compared to net income of $190,000, or $0.05 basic and diluted earnings per share, for the comparable period in the prior year. Income before taxes was $1,527,000 against $329,000 a year ago. Book value per common share was $17.67 against $17.14 a year ago. Tangible book value per common share was $17.67 against $17.14 a year ago. Return on average assets was 0.31% against 0.07% a year ago. Return on average equity was 1.57% against 0.33% a year ago.

OBA Financial Services, Inc. reported earnings results for the second quarter and six months ended December 31, 2012. For the quarter, net interest income was $3.4 million against $3.0 million last year. Income before taxes was $0.7 million against $0.1 million last year. Net income was $0.4 million or $0.10 per basic and diluted share against $0.08 million or $0.02 per basic and diluted share last year. Return on average assets was 0.41% against 0.08% last year. Return on average equity was 2.08% against 0.42% last year. The company's net income for the quarter ended December 31, 2012 was primarily impacted by an increase in net interest income of $362,000 and a decrease in the provision for loan losses of $246,000 partially offset by an increase in income tax expense of $242,000 as compared to the three months ended December 31, 2011. For the six months, net interest income was $6.7 million against $6.0 million last year. Income before taxes was $1.1 million against $0.2 million last year. Net income was $0.7 million or $0.17 per basic and diluted share against $0.2 million or $0.04 per basic and diluted share last year. Book value per common share was $17.59 against $17.03 at December 31, 2011. Tangible book value per common share was $17.59 against $17.03 at December 31, 2011. Return on average assets was 0.34% against 0.09% last year. Return on average equity was 1.72% against 0.43% last year. The company's net income for the six months ended December 31, 2012 was primarily impacted by an increase in net interest income of $643,000 and a decrease in the provision for loan losses of $281,000 partially offset by an increase in income tax expense of $390,000 as compared to the six months ended December 31, 2011. The increase in net interest income was primarily the result of the bank decreasing deposit rates while maintaining its competitive position within the local market and paying off all matured higher costing brokered certificates of deposit exclusive of the Certificate of Deposit Account Registry Service (CDARS) program and several matured higher costing term Federal Home Loan Bank advances.

On January 17, 2013, Katherine A. Grice was appointed to the boards of directors of OBA Financial Services, Inc. and its subsidiary, OBA Bank, effective at the February board meetings of the company and the Bank. It is expected that Ms. Grice will be added to the Audit Committees of the Boards of Directors of the company and the Bank.