10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-Q

x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the Quarterly Period ended September 30, 2012

or

¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For transition period from              to             

Commission File Number 001-34593

OBA FINANCIAL SERVICES, INC.

(Exact Name of Registrant as Specified in Charter)

Maryland	27-1898270
(State or Other Jurisdiction of Incorporation)	(I.R.S. Employer Identification No.)
20300 Seneca Meadows Parkway, Germantown, Maryland	20876
(Address of Principal Executive Offices)	(Zip Code)

(301) 916-0742

Registrant’s telephone number, including area code

Not Applicable

(Former name or former address, if changed since last report)

Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes  x    No  ¨

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    Yes  x    No  ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, or a non-accelerated filer, or a smaller reporting company. See definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer	¨	Accelerated filer	¨
Non-accelerated filer	¨	Smaller reporting company	x

Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    Yes  ¨    No  x.

Indicate the number of shares outstanding of each of the Issuer’s classes of common stock as of the latest practicable date.

4,332,634 shares of Common Stock, par value $0.01 per share, were issued and outstanding as of November 8, 2012.

OBA FINANCIAL SERVICES, INC. AND SUBSIDIARY

Form 10-Q Quarterly Report

Table of Contents

PART I – FINANCIAL INFORMATION
	Forward-Looking Statements Disclosure	3
Item 1.	Financial Statements
	Consolidated Statements of Condition (Unaudited) as of September 30, 2012 and June 30, 2012	5
	Consolidated Statements of Income (Unaudited) for the three months ended September 30, 2012 and 2011.	6
	Consolidated Statements Comprehensive Income (Unaudited) for the three months ended September 30, 2012 and 2011.	7
	Consolidated Statements of Stockholders’ Equity (Unaudited) for the three months ended September 30, 2012 and 2011	8
	Consolidated Statements of Cash Flows (Unaudited) for the three months ended September 30, 2012 and 2011	9
	Notes to Consolidated Financial Statements (Unaudited)	10
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	30
Item 3.	Quantitative and Qualitative Disclosures about Market Risk	36
Item 4.	Controls and Procedures	36
PART II – OTHER INFORMATION
Item 1.	Legal Proceedings	37
Item 1A.	Risk Factors	37
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	37
Item 3.	Defaults Upon Senior Securities	37
Item 4.	Mine Safety Disclosures	37
Item 5.	Other Information	37
Item 6.	Exhibits	37
Signatures		38

2

Forward-looking Statements

This report, as well as, other written communications made from time to time by OBA Financial Services, Inc., and its subsidiary, OBA Bank (collectively, the “Company”), and oral communications made from time to time by authorized officers of the Company, may contain statements relating to the future results of the Company (including certain projections and business trends) that are considered “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995 (the “PSLRA”). Such forward-looking statements can be identified by the use of words such as “estimate,” “project,” “believe,” “intend,” “anticipate,” “plan,” “seek,” “expect,” “will,” “may,” “potential,” and words of similar meaning. These forward-looking statements include, but are not limited to:

• possible or assumed estimates with respect to the financial condition, expected or anticipated revenue, and results of operations and business of the Company, including earnings growth determined using accounting principles generally accepted in the United States of America (“U.S. GAAP”);

• estimates of revenue growth in retail banking, lending and other areas, and origination volume in the Company’s consumer, commercial, and other lending businesses;

• statements regarding the asset quality and levels of non-performing assets and impairment charges with respect to the Company’s investment portfolio;

• statements regarding current and future capital management programs, tangible capital generation, and market share;

• estimates of non-interest income levels, including fees from services and product sales, and expense levels;

• statements of the Company’s goals, intentions, and expectations;

• statements regarding the Company’s business plans, prospects, growth, and operating strategies; and

• estimates of the Company’s risks and future costs and benefits.

The Company cautions that a number of important factors could cause actual results to differ materially from the anticipated results or other expectations expressed in the forward-looking statements. Such factors include, but are not limited to:

• prevailing general economic conditions, either nationally or locally in some or all areas in which the Company conducts business, that are different than expected;

• changes in the securities market, the banking industry, or competition among depository and other financial institutions;

• inflation and changes in interest rates, deposit flows, loan demand, real estate values, consumer spending, savings, and borrowing habits which can materially affect, among other things, consumer banking revenues, origination levels in the Company’s lending businesses and the level of defaults, losses, and prepayments on loans made by the Company, whether held in portfolio or sold in the secondary markets, and the Company’s net interest margin and fair value of financial instruments;

• changes in any applicable law, rule, government regulation, policy, or practice with respect to tax or legal issues affecting financial institutions, including changes in regulatory fees, and capital requirements;

• risks and uncertainties related to the Company’s ability to successfully integrate any assets, liabilities, customers, systems, and management personnel the Company may acquire, if any, into its operations and its ability to realize related revenue synergies and cost savings within the expected time frame;

• the Company’s timely development of new and competitive products or services in a changing environment, and the acceptance of such products or services by the Company’s customers so the Company is able to enter new markets successfully and capitalize on growth opportunities;

• operational issues and/or capital spending necessitated by the potential need to adapt to industry changes in information technology systems, on which it is highly dependent;

• changes in accounting principles, policies, guidelines, and practices, as may be adopted by the Company’s regulatory agencies, the Financial Accounting Standards Board (the “FASB”), the Securities and Exchange Commission (“SEC”), and the Public Company Accounting Oversight Board (the “PCAOB”), or changes to the Company’s primary regulator;

• litigation liability, including costs, expenses, settlements, and judgments, or the outcome of other matters before regulatory agencies, whether pending or commencing in the future;

• changes in the quality or composition of the investment and loan portfolios;

• changes in the Company’s organization, compensation, and benefit plans;

3

• changes in other economic, competitive, governmental, regulatory, and technological factors affecting the Company’s operations, pricing, products, and services; and

• the timing and occurrence or non-occurrence of events that may be subject to circumstances beyond the Company’s control.

These forward-looking statements are based on the Company’s current beliefs and expectations and are inherently subject to significant business, economic, and competitive uncertainties and contingencies, many of which are beyond the Company’s control. In addition, these forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change. Readers are cautioned not to place undue reliance on these forward-looking statements which are made as of the date of this report, and except as may be required by applicable law or regulation, the Company assumes no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those projected in the forward-looking statements. For these statements, the Company claims the protection of the safe harbor for forward-looking statements contained in the PSLRA.

4

PART I — FINANCIAL INFORMATION

Item 1. Financial Statements

OBA Financial Services, Inc. and Subsidiary

Consolidated Statements of Condition (Unaudited)

	September 30, 2012			June 30, 2012
(In thousands, except share data)
Assets:
Cash and due from banks	$	13,917		$	14,916
Federal funds sold		668			16,609
Cash and cash equivalents		14,585			31,525
Interest bearing deposits with other banks		8,651			9,490
Securities available for sale		48,264			34,454
Securities held to maturity (fair value of $2,274 and $2,549)		2,115			2,396
Federal Home Loan Bank stock, at cost		1,562			2,169
Loans		298,000			296,241
Less: allowance for loan losses		3,140			3,035
Net loans		294,860			293,206
Premises and equipment, net		6,064			6,186
Bank owned life insurance		8,972			8,898
Other assets		3,682			3,762
Total assets	$	388,755		$	392,086
Liabilities:
Deposits:
Noninterest-bearing	$	39,464		$	40,003
Interest-bearing		232,221			229,569
Total deposits		271,685			269,572
Securities sold under agreements to repurchase		16,861			16,434
Federal Home Loan Bank advances		21,967			26,997
Advance payments from borrowers for taxes and insurance		957			1,707
Other liabilities		1,568			1,661
Total liabilities		313,038			316,371
Stockholders’ Equity:
Preferred stock (par value $.01); authorized 50,000,000 shares; no shares issued or outstanding		—			—
Common stock (par value $.01); authorized 100,000,000 shares; issued and outstanding 4,332,634 and 4,387,050 shares at September 30, 2012 and June 30, 2012, respectively		43			43
Additional paid-in capital		38,164			38,695
Unearned ESOP shares		(3,194	)		(3,240	)
Retained earnings		39,669			39,409
Accumulated other comprehensive income		1,035			808
Total stockholders’ equity		75,717			75,715
Total liabilities and stockholders’ equity	$	388,755		$	392,086

See notes to consolidated financial statements.

5

OBA Financial Services, Inc. and Subsidiary

Consolidated Statements of Income (Unaudited)

	Three Months Ended September 30,
	2012		2011
(In thousands, except share and per share data)
Interest and Dividend Income:
Loans receivable, including fees	$	3,601	$	3,768
Investment securities:
Interest—taxable		270		282
Dividends		7		5
Federal funds sold		14		29
Total interest and dividend income		3,892		4,084
Interest Expense:
Deposits		352		756
Federal Home Loan Bank advances		238		291
Securities sold under agreements to repurchase		47		63
Total interest expense		637		1,110
Net interest income		3,255		2,974
Less provision for loan losses		112		147
Net interest income after provision for loan losses		3,143		2,827
Non-Interest Income:
Customer service fees		90		91
Loan servicing fees		5		9
Bank owned life insurance income		73		75
Net gains		—		6
Other non-interest income		32		30
Total non-interest income		200		211
Non-Interest Expense:
Salaries and employee benefits		1,770		1,738
Occupancy and equipment		388		386
Data processing		197		177
Directors’ fees		94		80
FDIC assessments		69		67
Other non-interest expense		403		488
Total non-interest expense		2,921		2,936
Income before income taxes		422		102
Income tax expense		162		14
Net income	$	260	$	88
Basic earnings per share	$	0.07	$	0.02
Diluted earnings per share	$	0.07	$	0.02
Basic weighted average shares outstanding		3,825,224		4,193,848
Diluted weighted average shares outstanding		3,881,946		4,193,881

See notes to consolidated financial statements.

6

OBA Financial Services, Inc. and Subsidiary

Consolidated Statements of Comprehensive Income (Unaudited)

Three Months Ended September 30, 2012 and 2011

	Three Months Ended September 30,
	2012		2011
(In thousands)
Net income	$	260	$	88
Other comprehensive income:
Net unrealized gains on available for sale securities, net of tax of $145 and $91, respectively		227		142
Other comprehensive income		227		142
Comprehensive income	$	487	$	230

See notes to consolidated financial statements.

7

OBA Financial Services, Inc. and Subsidiary

Consolidated Statements of Stockholders’ Equity (Unaudited)

Three Months Ended September 30, 2012 and 2011

	Common Stock			Additional Paid-in Capital			Unearned ESOP Shares			Retained Earnings		Accumulated Other Comprehensive Income		Total
(In thousands)
Balances at July 1, 2012	$	43		$	38,695		$	(3,240	)	$	39,409	$	808	$	75,715
Net income											260				260
Other comprehensive income, net of tax													227		227
Purchase and retirement of 54,416 shares of Company stock		—			(810	)									(810	)
Share-based compensation expense					235										235
Tax benefit of 49,485 restricted shares vesting					21										21
ESOP shares committed to be released (4,629 shares)					23			46					—		69
Balances, September 30, 2012	$	43		$	38,164		$	(3,194	)	$	39,669	$	1,035	$	75,717
Balances at July 1, 2011	$	46		$	44,419		$	(3,425	)	$	39,141	$	679	$	80,860
Comprehensive income:
Net income											88				88
Other comprehensive income, net of tax													142		142
Purchase and retirement of 250,850 shares of Company stock		(2	)		(3,607	)									(3,609	)
Share-based compensation expense					173										173
ESOP shares committed to be released (4,629 shares)					21			46							67
Balances, September 30, 2011	$	44		$	41,006		$	(3,379	)	$	39,229	$	821	$	77,721

See notes to consolidated financial statements.

8

OBA Financial Services, Inc. and Subsidiary

Consolidated Statements of Cash Flows (Unaudited)

	Three Months Ended September 30,
(in thousands)	2012			2011
Operating Activities:
Net income	$	260		$	88
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for loan losses		112			147
Depreciation and amortization of premises and equipment		167			164
Net amortization of securities premiums and discounts		93			112
Proceeds from sales of loans held for sale		—			307
Originated loans held for sale		—			(301	)
Net gains on sales of loans		—			(6	)
Amortization of net deferred loan costs		10			—
Bank owned life insurance income		(73	)		(75	)
ESOP expense		69			67
Share-based compensation expense		235			173
Amortization of mortgage servicing rights		3			3
Amortization of brokered deposit premiums		—			3
Changes in other assets and liabilities, net		(163	)		(324	)
Total adjustments		453			270
Net cash provided by operating activities		713			358
Investing Activities:
Principal collections and maturities of securities available for sale		2,855			2,072
Principal collections and maturities of securities held to maturity		280			202
Purchases of securities available for sale		(16,384	)		—
Redemption of Federal Home Loan Bank Stock, net		607			288
Decrease (increase) in interest bearing deposits with other Banks, net		839			(1,987	)
Loan originations less principal collections, net		(1,776	)		(118	)
Purchases of premises and equipment		(45	)		(98	)
Net provided by (used in) investing activities		(13,624	)		359
Financing Activities:
Increase in deposits		2,113			13,685
Increase in securities sold under agreements to repurchase		427			3,108
Repayment of FHLB advances		(5,030	)		(2,530	)
Net decrease in advance payments from borrowers for taxes and insurance		(750	)		(815	)
Tax benefit from vesting of restricted shares		21			—
Purchase and retirement of Company stock		(810	)		(3,609	)
Net cash provided by (used in) financing activities		(4,029	)		9,839
Increase (decrease) in cash and cash equivalents		(16,940	)		10,556
Cash and cash equivalents at beginning of period		31,525			37,968
Cash and cash equivalents at end of period	$	14,585		$	48,524
Supplemental Disclosures:
Interest paid	$	680		$	1,119
Income taxes refunded, net		(101	)		—

See notes to consolidated financial statements.

9

OBA Financial Services, Inc. and Subsidiary

Notes to the Consolidated Financial Statements (Unaudited)

NOTE 1 — SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Organization and Nature of Business

OBA Bank (the “Bank”) is a community-oriented banking institution providing a variety of financial services to individuals and small businesses through its offices in Montgomery, Anne Arundel, and Howard Counties, Maryland. Its primary deposits are checking, money market, and time certificate accounts and its primary lending products are commercial mortgage and commercial business loans and residential mortgage loans.

In December 2007, the Bank reorganized into a three-tier mutual holding company structure. As part of the reorganization, the Bank converted from a mutual savings bank into a federally chartered stock savings bank and formed OBA Bancorp, Inc., a federally chartered mid-tier stock holding company, and OBA Bancorp, MHC, a federally chartered mutual holding company. The Bank became a wholly-owned subsidiary of OBA Bancorp, Inc. and OBA Bancorp, Inc. became a wholly-owned subsidiary of OBA Bancorp, MHC.

On January 21, 2010, OBA Bancorp, MHC completed its plan of conversion and reorganization from a mutual holding company to a stock holding company. In accordance with the plan, OBA Bancorp, MHC and OBA Bancorp, Inc. ceased to exist and a newly formed stock holding company, OBA Financial Services, Inc. (of which OBA Bank became a wholly owned subsidiary) sold and issued shares of capital stock to eligible depositors of OBA Bank. OBA Financial Services, Inc.’s common stock trades on the NASDAQ Capital Market under the symbol “OBAF” on January 22, 2010.

In accordance with applicable regulations at the time of the conversion from a mutual holding company to a stock holding company, the Bank substantially restricted retained earnings by establishing a liquidation account. The liquidation account is maintained for the benefit of eligible account holders who keep their accounts at the Bank after conversion. The liquidation account is reduced annually to the extent that eligible account holders have reduced their qualifying deposits. Subsequent increases will not restore an eligible account holder’s interest in the liquidation account. In the event of a complete liquidation of the Bank, and only in such event, each account holder will be entitled to receive a distribution from the liquidation account in an amount proportionate to the adjusted qualifying account balances then held. The Bank may not pay dividends if those dividends would reduce equity capital below the required liquidation account amount.

Basis of Presentation

The consolidated financial statements include the accounts of OBA Financial Services Inc., and OBA Bank. All significant intercompany accounts and transactions have been eliminated in consolidation.

The accompanying unaudited consolidated financial statements have been prepared in accordance with U.S. GAAP for interim financial information and are presented in accordance with instructions for Form 10-Q and Rule 10-01 of the SEC Regulation S-X. Accordingly, they do not include all of the information and notes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments considered necessary for a fair presentation are of a normal and recurring nature and have been included.

Operating results for the three months ended September 30, 2012, are not necessarily indicative of the results that may be expected for the fiscal year ending June 30, 2013 or any other interim period. The consolidated financial statements presented in this report should be read in conjunction with the audited consolidated financial statements and the accompanying notes filed on Form 10-K for the fiscal year ended June 30, 2012.

In preparing the accompanying consolidated financial statements, the Company has evaluated subsequent events through the financial statement issue date. There were no subsequent events identified by the Company as a result of the evaluation that require recognition or disclosure in the consolidated financial statements.

Use of Estimates

In preparing the consolidated financial statements in conformity with U.S. GAAP, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the Consolidated Statement of Condition and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly sensitive to change in the near term relates to the determination of the allowance for loan losses, values related to the share-based incentive plans, and other than temporary impairment of investment securities.

10

Reclassifications

From time to time, certain amounts in the prior period financial statements are reclassified to conform with current period presentation. Such reclassifications, if any, have no impact on consolidated net income or total stockholders’ equity.

Recent Accounting Pronouncements

There are no recent accounting pronouncements that will have a material impact to the consolidated financial statements.

NOTE 2 — COMPREHENSIVE INCOME

U.S. GAAP requires that recognized revenue, expenses, gains, and losses be included in net income. Although certain changes in assets and liabilities, such as unrealized gains and losses on available for sale securities, are reported as a separate component of the stockholders’ equity section of the Consolidated Statement of Condition, such items, along with net income, are components of comprehensive income. The components of other comprehensive income and related tax effects are as follows:

	Three Months Ended September 30,
	2012		2011
	(In thousands)
Unrealized gains on available for sale securities	$	372	$	233
Tax effect		145		91
Net of tax amount	$	227	$	142

Accumulated other comprehensive income consists of the following:

	September 30, 2012			June 30, 2012
	(In thousands)
Unrealized gains on available for sale securities	$	1,696		$	1,324
Tax effect		(661	)		(516	)
Total	$	1,035		$	808

11

NOTE 3 — SECURITIES

The amortized cost and fair value of securities with gross unrealized gains and losses are as follows:

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
			(In thousands)
September 30, 2012
Securities available for sale:
Debt Securities:
Residential mortgage-backed securities (1)	$	46,452	$	1,728	$	(20	)	$	48,160
Trust preferred securities		66		—		(12	)		54
Total debt securities available for sale		46,518		1,728		(32	)		48,214
Equity Securities		50		—		—			50
Total securities available for sale		46,568		1,728		(32	)		48,264
Securities held to maturity:
Debt Securities:
Residential mortgage-backed securities (1)		2,115		159		—			2,274
Total debt securities held to maturity		2,115		159		—			2,274
Total investment securities	$	48,683	$	1,887	$	(32	)	$	50,538
June 30, 2012
Securities available for sale:
Debt Securities:
Residential mortgage-backed securities (1)	$	33,010	$	1,340	$	—		$	34,350
Trust preferred securities		70		—		(16	)		54
Total debt securities available for sale		33,080		1,340		(16	)		34,404
Equity Securities		50		—		—			50
Total securities available for sale		33,130		1,340		(16	)		34,454
Securities held to maturity:
Debt Securities:
Residential mortgage-backed securities (1)		2,396		153		—			2,549
Total debt securities held to maturity		2,396		153		—			2,549
Total investment securities	$	35,526	$	1,493	$	(16	)	$	37,003

⁽¹⁾  All residential mortgage-backed securities were issued by United States government agencies including the Federal National Mortgage Association, Federal Home Loan Mortgage Corporation, or Government National Mortgage Association. The Company had no private label residential mortgage-backed securities at September 30, 2012 and June 30, 2012.

12

The amortized cost and fair value of debt securities by contractual maturity at September 30, 2012 are as follows:

	Available for sale				Held to Maturity
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
	(In thousands)
Due after ten years	$	66	$	54	$	—	$	—
Residential mortgage-backed securities		46,452		48,160		2,115		2,274
Total	$	46,518	$	48,214	$	2,115	$	2,274

At September 30, 2012 and June 30, 2012, the market value of securities securing dealer and customer repurchase agreements was $16.9 million and $20.8 million, respectively.

Information pertaining to securities with gross unrealized losses at the dates listed aggregated by investment category and length of time that individual securities have been in a continuous loss position, are as follows:

	Less than 12 Months				12 Months or More				Total
	Gross Unrealized Losses		Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses		Fair Value
	(In thousands)
September 30, 2012
Residential mortgage backed securities	$	20	$	5,959	$	—	$	—	$	20	$	5,959
Trust preferred security		—		—		12		54		12		54
Total	$	20	$	5,959	$	12	$	54	$	32	$	6,013
June 30, 2012
Residential mortgage backed securities	$	—	$	—	$	—	$	—	$	—	$	—
Trust preferred security		—		—		16		54		16		54
Total	$	—	$	—	$	16	$	54	$	16	$	54

At September 30, 2012, all residential mortgage backed securities and their contractual cash flows were guaranteed by U.S. Government Agencies; FNMA, FHLMC, and GNMA. The Company’s sole trust preferred security is a variable rate pool of trust preferred securities issued by insurance companies or their holding companies. These positions and the related unrealized losses are not material to the Company’s consolidated financial position or results of operations. The decline in the fair value of the pooled trust preferred security has been primarily caused by collateral deterioration due to failures and credit concerns across the financial services sector, the widening of credit spreads for asset-backed securities, and general illiquidity and inactivity in the market for these securities. The decline in the residential mortgage backed securities has been primarily caused by the movement in market interest rates. The Company has no intent or requirement to sell these securities.

NOTE 4 — CREDIT QUALITY OF LOANS AND ALLOWANCE FOR LOAN LOSSES

Various Bank policies, consistent with regulatory guidelines, provide for the classification of loans and other assets that are considered to be of lesser quality as substandard, doubtful, or loss assets. A loan is considered substandard if it is inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Substandard loans include those loans characterized by the distinct possibility that the Bank will sustain some loss if the deficiencies are not corrected. Loans classified as doubtful have all of the weaknesses inherent in those classified substandard with the added characteristic that the weaknesses present make collection or liquidation in full, on the basis of currently existing facts, conditions and values, highly questionable and improbable. Loans, or portions of loans, classified as loss are those considered uncollectible and of such little value that their continuance as an loan is not warranted. Since such loans are written off in full, the Bank will not have any such loans classified as loss at the end of a reporting period. Loans that do not expose the Bank to risk sufficient to warrant classification in one of the aforementioned categories, but which possess potential weaknesses that deserve close attention, are required to be designated as Special Mention.

The Bank maintains an allowance for loan losses at an amount estimated to equal all credit losses incurred in the loan portfolio that are both probable and reasonably estimable at the statement of condition date. The Bank’s determination as to the classification of loans is subject to review by the Bank’s primary federal regulator, the Office of the Comptroller of the Currency (“OCC”). The Bank regularly reviews the loan portfolio to determine whether any loans require classification in accordance with applicable regulations.

13

Management evaluates the allowance for loan losses based upon the combined total of the specific, general, and unallocated components as discussed below. Generally, when the loan portfolio increases, absent other factors, the allowance for loan loss methodology results in a higher dollar amount of estimated probable losses than would be the case without the increase. Generally, when the loan portfolio decreases, absent other factors, the allowance for loan loss methodology results in a lower dollar amount of estimated probable losses than would be the case without the decrease.

Commercial real estate loans generally have greater credit risk compared to residential mortgage loans, as they typically involve larger loan balances concentrated with single borrowers or groups of related borrowers. In addition, the payment expectations on loans secured by income-producing properties typically depend on the successful operation of the related business and thus may be subject to a greater extent to adverse conditions in the real estate market and in the general economy.

Commercial business loans generally have greater credit risk compared to residential mortgage loans, as they typically involve larger loan balances concentrated with single borrowers or groups of related borrowers. In addition, the payment expectations on commercial business loans typically depend on the successful operation of the related business and thus may be subject to a greater extent to adverse conditions in the real estate market and in the general economy.

Generally, the Bank underwrites commercial real estate loans at a loan-to-value ratio of 75% or less and residential mortgage loans at a loan-to-value ratio not exceeding 80%. In the event that a loan becomes past due, management will conduct visual inspections of collateral properties and/or review publicly available information, such as online databases, to estimate property values. The Bank may request a formal third party appraisal for various reasons including, but not limited to, age of previous appraisal, changes in market condition, and changes in borrower’s condition. In addition, changes in the appraised value of properties securing loans can result in an increase or decrease in the general allowance for loan losses as an adjustment to the historical loss experience due to qualitative and environmental factors.

The loan portfolio is evaluated on a quarterly basis and the allowance is adjusted accordingly. While the best information available is used to make evaluations, future adjustments to the allowance may be necessary if conditions differ substantially from the information used in making the evaluations. In addition, as an integral part of their examination process, the OCC will periodically review the allowance for loan losses. The OCC may require the Bank to recognize additions to the allowance based on its analysis of information available at the time of the examination.

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The classes of loans are as follows:

	September 30, 2012			June 30, 2012
	(In thousands)
Commercial business	$	40,754		$	32,183
Commercial real estate		132,717			136,036
Construction		1,593			1,850
Residential mortgage		91,519			93,266
Home equity loans and lines of credit		31,346			32,765
Loans		297,929			296,100
Net deferred commercial loan fees		(245	)		(204	)
Net deferred home equity costs		316			345
Loans net of deferred (fees) costs		298,000			296,241
Allowance for loan losses		3,140			3,035
Total loans, net	$	294,860		$	293,206

The following tables present the classes of the loan portfolio summarized by loan rating within the Bank’s internal risk rating system:

September 30, 2012:	Pass		Special Mention		Substandard		Doubtful		Total
(In thousands)
Commercial business	$	37,664	$	—	$	3,090	$	—	$	40,754
Commercial real estate		122,852		3,616		6,249		—		132,717
Construction		1,593		—		—		—		1,593
Residential mortgage		89,457		—		2,062		—		91,519
Home equity loans and lines of credit		31,238		75		33		—		31,346
Total	$	282,804	$	3,691	$	11,434	$	—	$	297,929
June 30, 2012:	Pass		Special Mention		Substandard		Doubtful		Total
(In thousands)
Commercial business	$	28,785	$	—	$	3,398	$	—	$	32,183
Commercial real estate		129,409		184		6,443		—		136,036
Construction		1,850		—		—		—		1,850
Residential mortgage		91,320		—		1,946		—		93,266
Home equity loans and lines of credit		32,657		75		33		—		32,765
Total	$	284,021	$	259	$	11,820	$	—	$	296,100

Loans are generally placed on non-accrual status when payment of principal or interest is 90 days or more delinquent. Loans are generally placed on non-accrual status if collection of principal or interest, in full, is in doubt. When loans are placed on a non-accrual status, unpaid accrued interest is fully reversed and further income is recognized only when full repayment of the loan is complete or the loan returns to accrual status, at which point income is recognized to the extent received. The loan may be returned to accrual status if both principal and interest payments are brought current, there has been a period of sustained performance (generally, six months), and full payment of principal and interest is expected.

15

The performance and credit quality of the loan portfolio is also monitored by analyzing the age of the loans receivable as determined by the length of time a recorded payment is past due. The following tables present the classes of the loan portfolio summarized by the past due and non-accrual status:

September 30, 2012:	31-60 Days Past Due		61-90 Days Past Due		Over 90 Days Past Due		Total Past Due		Current		Total Loans Receivable		Total Non-Accrual Loans
(In thousands)
Commercial business	$	—	$	—	$	—	$	—	$	40,754	$	40,754	$	—
Commercial real estate		—		—		5,080		5,080		127,637		132,717		5,080
Construction		—		—				—		1,593		1,593
Residential mortgage		179		—		894		1,073		90,446		91,519		891
Home equity loans and lines of credit		349		—		—		349		30,997		31,346		75
Total	$	528	$	—	$	5,974	$	6,502	$	291,427	$	297,929	$	6,046
June 30, 2012:	31-60 Days Past Due		61-90 Days Past Due		Over 90 Days Past Due		Total Past Due		Current		Total Loans Receivable		Total Non-Accrual Loans
(In thousands)
Commercial business	$	—	$	—	$	—	$	—	$	32,183	$	32,183	$	—
Commercial real estate		1,520		—		3,560		5,080		130,956		136,036		5,080
Construction		—		—		—		—		1,850		1,850		—
Residential mortgage		—		—		894		894		92,372		93,266		891
Home equity loans and lines of credit		139		—		—		139		32,626		32,765		75
Total	$	1,659	$	—	$	4,454	$	6,113	$	289,987	$	296,100	$	6,046

There are no loans 90 days and over past due that are still accruing at the dates indicated.

The Bank provides for loan losses based upon the consistent application of the documented allowance for loan loss methodology. All loan losses are charged to the allowance for loan losses and all recoveries are credited to the same. Additions to the allowance for loan losses are provided by charges to income based on various factors which, in Management’s judgment, deserve current recognition in estimating probable losses. Management regularly reviews the loan portfolio and makes provisions for loan losses in order to maintain the allowance for loan losses in accordance with U.S. GAAP. The Bank considers residential mortgage loans and home equity loans and lines of credit as small, homogeneous loans, which are evaluated for impairment collectively based on historical loss experience. Commercial real estate and commercial business loans are reviewed individually. Loans are considered impaired if the probability exists that the Bank will be unable to collect contractually obligated principal and interest cash flows. The allowance for loan losses consists primarily of three components:

(1) specific allowances established for impaired loans (as defined by U.S. GAAP). For a non-collateral dependent loan, the amount of impairment, if any, is estimated as the difference between the estimated present value based on Management’s assumptions regarding future cash flows and discounted at the loans original yield, and the carrying value of the loan. Impaired loans for which the estimated present value of the loan exceeds the carrying value of the loan do not reduce specific allowances;

(2) general allowances established for loan losses on a portfolio basis for loans that do not meet the definition of impaired loans. The portfolio is grouped into similar risk characteristics, primarily loan type. The Bank applies an estimated loss rate to each loan group. The loss rates applied are based upon loss experience adjusted, as appropriate, for the environmental factors discussed below. This evaluation is inherently subjective, as it requires material estimates that may be susceptible to significant revisions based upon changes in economic and real estate market conditions; and

(3) unallocated allowances established to provide for probable losses that have been incurred as of the reporting date but are not reflected in the allocated allowance.

Actual loan losses may be significantly more than the allowance for loan losses established, which could have a material negative effect on financial results.

The adjustments to historical loss experience are based on Management’s evaluation of several qualitative and environmental factors, including, but not limited to:

• changes in any concentration of credit (including, but not limited to, concentrations by geography, industry, or collateral type);

16

• changes in the number and amount of non-accrual loans, watch list loans, and past due loans;

• changes in national, state, and local economic trends;

• changes to other external influences including, but not limited to, legal, accounting, peer, and regulatory changes;

• changes in the types of loans in the loan portfolio;

• changes in the experience and ability of personnel and management in the loan origination and loan servicing departments;

• changes in the value of underlying collateral for collateral dependent loans;

• changes in lending strategies; and

• changes in lending policies and procedures.

The following table summarizes activity in the allowance for loan losses:

	Three Months Ended September 30,
(In thousands)	2012			2011
Balance at beginning of period	$	3,035		$	2,246
Provision for loan losses		112			147
Charge-offs		(8	)		—
Recoveries		1			15
Balance at end of period	$	3,140		$	2,408

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The following tables set forth the activity in and allocation of the allowance for loan losses by loan portfolio class for the periods as listed:

Three Months Ended September 30, 2012

	Commercial business		Commercial real estate			Construction			Residential mortgage		Home equity loans and lines of credit			Unallocated			Total
(In thousands)
Allowance for loan losses:
Beginning Balance	$	670	$	955		$	7		$	772	$	390		$	241		$	3,035
Charge-offs		—		(8	)		—			—		—			—			(8	)
Recoveries		—		1			—			—		—			—			1
Provisions		28		208			(1	)		43		(10	)		(156	)		112
Ending balance	$	698	$	1,156		$	6		$	815	$	380		$	85		$	3,140
Three Months Ended September 30, 2011
	Commercial business		Commercial real estate			Construction			Residential mortgage		Home equity loans and lines of credit			Unallocated			Total
(In thousands)
Allowance for loan losses:
Beginning Balance	$	383	$	706		$	2		$	528	$	440		$	187		$	2,246
Charge-offs		—		—			—			—		—			—			—
Recoveries		—		—			—			15		—			—			15
Provisions		110		40			—			57		(35	)		(25	)		147
Ending balance	$	493	$	746		$	2		$	600	$	405		$	162		$	2,408

The following tables present the balance in the allowance for loan losses and the recorded in investment in loans by portfolio class and based on impairment method:

September 30, 2012:	Commercial business		Commercial real estate		Construction		Residential mortgage		Home equity loans and lines of credit		Unallocated		Total loans
(In thousands)
Allowance for Loan Losses:
Ending allowance balance related to loans:
Individually evaluated for impairment	$	—	$	—	$	—	$	150	$	—	$	—	$	150
Collectively evaluated for impairment		698		1,156		6		665		380		85		2,990
Total ending allowance balance	$	698	$	1,156	$	6	$	815	$	380	$	85	$	3,140
Loans:
Ending loan balance
Individually evaluated for impairment	$	8	$	6,249	$	—	$	1,430	$	33			$	7,720
Collectively evaluated for impairment		40,746		126,468		1,593		90,089		31,313				290,209
Total ending loan balance	$	40,754	$	132,717	$	1,593	$	91,519	$	31,346			$	297,929
June 30, 2012:	Commercial business		Commercial real estate		Construction		Residential mortgage		Home equity loans and lines of credit		Unallocated		Total loans
(In thousands)
Allowance for Loan Losses:
Ending allowance balance related to loans:
Individually evaluated for impairment	$	—	$	—	$	—	$	150	$	—	$	—	$	150
Collectively evaluated for impairment		670		955		7		622		390		241		2,885
Total ending allowance balance	$	670	$	955	$	7	$	772	$	390	$	241	$	3,035
Loans:
Ending loan balance
Individually evaluated for impairment	$	9	$	6,442	$	—	$	1,434	$	33			$	7,918
Collectively evaluated for impairment		32,174		129,594		1,850		91,832		32,732				288,182
Total ending loan balance	$	32,183	$	136,036	$	1,850	$	93,266	$	32,765			$	296,100

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The following tables summarize information in regards to impaired loans by portfolio class as of and for the periods ended as listed:

	September 30, 2012
	At September 30, 2012						Three Months Ended
	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized
(In thousands)
With No Related Allowance Recorded:
Commercial business	$	8	$	8	$	—	$	8	$	—
Commercial real estate		6,249		6,339		—		6,255		17
Residential mortgage		457		460		—		457		1
Home equity loans and lines of credit		33		33		—		33		—
Total with no allowance recorded	$	6,747	$	6,840	$	—	$	6,753	$	18
With an Allowance Recorded:
Commercial business	$	—	$	—	$	—	$	—	$	—
Commercial real estate		—		—		—		—		—
Residential mortgage		973		973		150		974		9
Home equity loans and lines of credit		—		—		—		—		—
Total with allowance recorded	$	973	$	973	$	150	$	974	$	9
Total:
Commercial business	$	8	$	8	$	—	$	8	$	—
Commercial real estate		6,249		6,339		—		6,255		17
Residential mortgage		1,430		1,433		150		1,431		10
Home equity loans and lines of credit		33		33		—		33		—
Total	$	7,720	$	7,813	$	150	$	7,727	$	27
	June 30, 2012
	At June 30, 2012						For the year ended
	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized
(In thousands)
With No Related Allowance Recorded:
Commercial business loans	$	9	$	9	$	—	$	4	$	—
Commercial real estate		6,442		6,532		—		6,807		380
Residential mortgages		458		461		—		229		10
Home equity loans and lines of credit		33		33		—		17		1
Total with no allowance recorded	$	6,942	$	7,035	$	—	$	7,057	$	391
With an Allowance Recorded:
Commercial business loans	$	—	$	—	$	—	$	—	$	—
Commercial real estate		—		—		—		—		—
Residential mortgages		976		976		150		792		28
Home equity loans and lines of credit		—		—		—		—		—
Total with allowance recorded	$	976	$	976	$	150	$	792	$	28
Total:
Commercial business loans	$	9	$	9	$	—	$	4	$	—
Commercial real estate		6,442		6,532		—		6,807		380
Residential mortgages		1,434		1,437		150		1,021		38
Home equity loans and lines of credit		33		33		—		17		1
Total	$	7,918	$	8,011	$	150	$	7,849	$	419

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The following table presents troubled debt restructurings occurring during the three month period listed below:

September 30, 2011	Number of Contracts		Pre-Modification Outstanding Recorded Investments		Post- Modification Outstanding Recorded Investments
(In thousands)
Troubled debt restructurings:
Commercial real estate		1	$	3,198	$	3,198
Total troubled debt restructurings		1	$	3,198	$	3,198

The Bank had no troubled debt restructurings during the three months ended September 30, 2012.

Generally, the Bank does not forgive principal or interest on loans or modify the interest rate on loans to rates that are below market rates based on the risks associated with the modified loans. Loans can be modified to make concessions to help a borrower remain current on the loan and to avoid foreclosure. These troubled debt restructurings include deferrals of interest and/or principal payments and temporary or permanent reductions in interest rates due to financial difficulties of the borrower. During the three months ended September 30, 2012 and 2011, no loans previously classified as troubled debt restructurings subsequently defaulted.

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NOTE 5 — FAIR VALUE MEASUREMENTS AND DISCLOSURES

Management uses its best judgment in estimating the fair value of the Company’s assets and liabilities; however, there are inherent weaknesses in any estimation technique. Therefore, for substantially all assets and liabilities, the fair value estimates herein are not necessarily indicative of the amounts the Company could have realized in a sale transaction on the dates indicated. The estimated fair value amounts have been measured as of their respective reporting dates and have not been re-evaluated or updated subsequent to those respective dates. As such, the estimated fair values of these assets and liabilities subsequent to the respective reporting dates may be different than the amounts reported at each reporting date. Accounting guidance related to fair value measurements and disclosures establishes a fair value hierarchy that prioritizes the inputs to valuation methods used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The three levels of the fair value hierarchy are as follows:

Level 1:	Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities.
Level 2:	Quoted prices in markets that are not active, or inputs that are observable either directly or indirectly, for substantially the full term of the asset or liability.
Level 3:	Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (i.e., supported with little or no market activity).

An asset or liability’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. Transfers between fair value hierarchy levels are recognized as of the actual date of the event or change in circumstances that caused the transfer. There were no transfers between fair value hierarchy levels for the three months ended September 30, 2012 or 2011.

For assets measured at fair value on a recurring basis, the fair value measurements by level within the fair value hierarchy used at the periods listed are as follows:

(In thousands)
Description	September 30, 2012		(Level 1) Quoted Prices in Active Markets for Identical Assets		(Level 2) Significant Other Observable Inputs		(Level 3) Significant Unobservable Inputs
Residential mortgage-backed securities	$	48,160	$	—	$	48,160	$	—
Trust preferred securities		54		—		—		54
Equity securities		50		—		50		—
Securities available for sale	$	48,264	$	—	$	48,210	$	54
Description	June 30, 2012		(Level 1) Quoted Prices in Active Markets for Identical Assets		(Level 2) Significant Other Observable Inputs		(Level 3) Significant Unobservable Inputs
Residential mortgage-backed securities	$	34,350	$	—	$	34,350	$	—
Trust preferred securities		54		—		—		54
Equity securities		50		—		50		—
Securities available for sale	$	34,454	$	—	$	34,400	$	54

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The following table presents a reconciliation of the securities available for sale measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the three months ended September 30, 2012:

(In thousands)	Three Months Ended
Beginning balance	$	54
Principal repayments		(4	)
Unrealized gains included in other comprehensive income		4
Ending balance	$	54

Level 3 securities consist of one immaterial trust preferred security at September 30, 2012.

For assets measured at fair value on a nonrecurring basis at the dates listed, the fair value measurements by level within the fair value hierarchy are as follows:

(In thousands)
Description	September 30, 2012		(Level 1) Quoted Prices in Active Markets for Identical Assets		(Level 2) Significant Other Observable Inputs	(Level 3) Significant Unobservable Inputs
Impaired loans	$	823	$	—		$	823
Real estate owned	$	40	$	—		$	40
Description	June 30, 2012		(Level 1) Quoted Prices in Active Markets for Identical Assets		(Level 2) Significant Other Observable Inputs	(Level 3) Significant Unobservable Inputs
Impaired loans	$	826	$	—		$	826
Real estate owned	$	40	$	—		$	40

The methods and assumptions used to estimate the fair values included in the above tables are included in the disclosures that follow.

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The following information should not be interpreted as an estimate of the fair value of the entire Company since a fair value calculation is only provided for a limited portion of the Company’s assets and liabilities. Due to a wide range of valuation techniques and the degree of subjectivity used in making the estimates, comparisons between the Company’s disclosures and those of other companies may not be meaningful. The following methods and assumptions were used to estimate fair values at September 30, 2012 and June 30, 2012:

Cash and Cash Equivalents and interest bearing securities with other banks (Carried at Cost)

The carrying amounts of cash and short-term instruments approximate fair value and are classified within level 1 of the fair value hierarchy.

Securities Available for Sale (Carried at Fair Value)

The fair values of securities available for sale, excluding trust preferred securities, are determined by matrix pricing (Level 2), which is a mathematical technique used widely in the industry to value debt securities without relying exclusively on quoted market prices for the specific securities but rather by relying on the securities’ relationship to other benchmark quoted prices. Level 2 debt securities are valued by a third-party pricing service commonly used in the banking industry. Level 2 fair value measurements consider observable data that may include dealer quotes, market spreads, cash flows, the U.S. Treasury yield curve, live trading levels, trade execution date, market consensus prepayment speeds, credit information, and the security’s terms and conditions, among other things.

The market for pooled trust preferred securities is inactive. A significant widening of the bid/ask spreads in the markets in which these securities trade was followed by a significant decrease in the volume of trades relative to historical levels. The new issue market is also inactive and no new pooled trust preferred securities have been issued since 2007. Since there were limited observable market-based Level 1 and Level 2 inputs for trust preferred securities, the fair value of these securities was estimated using primarily unobservable Level 3 inputs. Fair value estimates for trust preferred securities were based on discounting expected cash flows using a risk-adjusted discount rate. The Company develops the risk-adjusted discount rate by considering the time value of money (risk-free rate) adjusted for an estimated risk premium for bearing the uncertainty in future cash flows and, given current adverse market conditions, a liquidity adjustment based on an estimate of the premium that a market participant would require assuming an orderly transaction. Management determined that sensitivity to inputs are not significant due to the immaterial nature of trust preferred securities as a level 3 asset.

Securities Held to Maturity (Carried at Amortized Cost)

The fair values of securities held to maturity are determined by matrix pricing (Level 2), which is a mathematical technique used widely in the industry to value debt securities without relying exclusively on quoted market prices for the specific securities but rather by relying on the securities’ relationship to other benchmark quoted prices. Level 2 debt securities are valued by a third-party pricing service commonly used in the banking industry. Level 2 fair value measurements consider observable data that may include dealer quotes, market spreads, cash flows, the U.S. Treasury yield curve, live trading levels, trade execution date, market consensus prepayment speeds, credit information, and the security’s terms and conditions, among other things.

Federal Home Loan Bank Stock (Carried at Cost)

The carrying amount of Federal Home Loan Bank stock approximates fair value and considers the limited marketability of such securities.

Loans Receivable (Carried at Cost)

The fair values of loans (except impaired loans) are estimated using discounted cash flow analyses which use market rates at the statement of condition date that reflect the credit and interest rate-risk inherent in the loans. Projected future cash flows are calculated based upon contractual maturity or call dates, projected repayments and prepayments of principal. Generally, for variable rate loans that reprice frequently and with no significant change in credit risk, fair values are based on carrying amounts. Loans are classified within level 3 of the fair value hierarchy.

Impaired Loans (Generally Carried at Fair Value)

Generally, impaired loans are those which the Company has measured impairment based on the fair value of the loan’s collateral. Fair value of real estate collateral is generally determined based upon independent third-party appraisals of the properties, which consider sales prices of similar properties in the proximate vicinity or by discounting expected cash flows from the properties by an appropriate risk adjusted discount rate. Fair value of collateral other than real estate is based on an estimate of the liquidation proceeds. Impaired loans are included as Level 3 fair values, based upon the lowest level of input that is significant to the fair value measurements. The fair value consists of loan balances net of valuation allowances and loan balances on impaired loans in which the loan has been charged-off to its fair value.

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Real Estate Owned (Carried at Lower of Cost or Fair Value less Estimated Selling Costs)

Fair values of foreclosed assets are based on independent third party appraisals of the properties or discounted cash flows based upon the expected sales proceeds from disposition of the assets. These values were generally determined based on the sales prices of similar properties in the proximate vicinity. These assets are included as Level 3 fair values, based upon the lowest level of input that is significant to the fair value measurements. The appraisals generally include various level 3 inputs which are not identifiable. Management determined that sensitivity to inputs are not significant due to the immaterial nature of the real estate owned as a level 3 asset.

Mortgage Servicing Rights (Carried at Lower of Cost or Fair Value)

At origination, the Company estimates the fair value of mortgage servicing rights at 1% of the principal balances of loans sold. The Company amortizes that amount over the estimated period of servicing revenues or charges the entire amount to income upon prepayment of the related loan. Due to the immaterial balance of mortgage servicing rights, the Company did not perform any further analysis or estimate their fair values. Therefore, the Company has disclosed that the carrying amounts of mortgage servicing rights approximate fair value. Mortgage servicing rights are classified within level 3 of the fair value hierarchy. Management determined that sensitivity to inputs are not significant due to the immaterial nature of the mortgage servicing rights as a level 3 asset.

Deposit Liabilities (Carried at Cost)

The fair values disclosed for demand deposits (e.g., interest and non-interest checking, passbook savings, and certain types of money market accounts) are, by definition, equal to the amount payable on demand at the reporting date (i.e., their carrying amounts). Demand deposits are classified within level 1 of the fair value hierarchy. Fair values for certificates of deposit are estimated using a discounted cash flow calculation that applies interest rates currently being offered in the market on certificates to a schedule of aggregated expected monthly maturities. Certificates of deposit are classified within level 2 of the fair value hierarchy.

Federal Home Loan Bank Advances (Carried at Cost)

Fair values of FHLB advances are estimated using discounted cash flow analysis, based on quoted prices for new FHLB advances with similar credit risk characteristics, terms, and remaining maturity. These prices obtained from this active market represent a market value that is deemed to represent the transfer price if the liability were assumed by a third party. Federal Home Loan Bank Advances are classified within level 2 of the fair value hierarchy.

Securities Sold Under Agreement to Repurchase (Carried at Cost)

The carrying amounts of securities sold under agreements to repurchase approximate fair value for short-term obligations. The fair values for longer term repurchase agreements are based on current market interest rates for similar transactions. Securities sold under agreement to repurchase are classified within level 2 of the fair value hierarchy.

Accrued Interest Receivable and Payable (Carried at Cost)

The carrying amounts of accrued interest approximate fair value. Accrued Interest Receivable and Payable are classified within level 1 of the fair value hierarchy.

Off-Balance-Sheet Credit-Related Instruments (Disclosures at Cost)

Fair values for off-balance-sheet financial instruments (lending commitments and letters of credit) are based on fees currently charged in the market to enter into similar agreements, taking into account the remaining terms of the agreements and the counterparties’ credit standing. The fair value of these instruments is not material.

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Quantitative information about Level 3 Fair Value Measurement is included in the tables below:

(In thousands)	Quantitative Information about Level 3 Fair Value  Measurements
September 30, 2012	Fair Value Estimate		Valuation Techniques	Unobservable Inputs	Estimated Range
Impaired loans	$	823	Appraisal of collateral	Appraisal adjustments	0.0% to -25.0%
				Liquidation expenses	-3.0% to -5.0%
Real estate owned		40	Appraisal of property	Appraisal adjustments	0.0% to -25.0%
				Liquidation expenses	-3.0% to -5.0%
(In thousands)	Quantitative Information about Level 3 Fair Value  Measurements
June 30, 2012	Fair Value Estimate		Valuation Techniques	Unobservable Inputs	Estimated Range
Impaired loans	$	826	Appraisal of collateral	Appraisal adjustments	0.0% to -25.0%
				Liquidation expenses	-3.0% to -5.0%
Real estate owned		40	Appraisal of property	Appraisal adjustments	0.0% to -25.0%
				Liquidation expenses	-3.0% to -5.0%

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The estimated fair values of the Company’s financial instruments were as follows:

					Fair Value Hierarchy at September 30, 2012
	September, 2011				Quoted Prices in Active Markets For Identical Assets (Level 1)		Significant  Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
(In thousands)	Carrying Amount		Fair Value
Financial assets:
Cash and cash equivalents	$	14,585	$	14,585	$	14,585	$	—	$	—
Interest bearing deposits with other banks		8,651		8,651		8,651		—		—
Securities available for sale		48,264		48,264		—		48,210		54
Securities held to maturity		2,115		2,274		—		2,274		—
Federal Home Loan Bank stock		1,562		1,562		1,562		—		—
Loans receivable, net		294,860		302,502		—		—		302,502
Accrued interest receivable		1,169		1,169		1,169		—		—
Mortgage servicing rights		75		75		—		—		75
Financial liabilities:
Deposits		271,685		274,073		214,168		59,905		—
Securities sold under agreements to repurchase		16,861		16,934		—		16,934		—
Federal Home Loan Bank Advances		21,967		24,728		—		24,728		—
Accrued interest payable		111		111		111		—		—
Off-Balance sheet financial instruments		—		—		—		—		—
					Fair Value Hierarchy at June 30, 2012
	June 30, 2012				Quoted Prices in Active Markets For Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
(In thousands)	Carrying Amount		Fair Value
Financial assets:
Cash and cash equivalents	$	31,525	$	31,525	$	31,525	$	—	$	—
Interest bearing deposits with other banks		9,490		9,490		9,490		—		—
Securities available for sale		34,454		34,454		—		34,400		54
Securities held to maturity		2,396		2,549		—		2,549		—
Federal Home Loan Bank stock		2,169		2,169		2,169		—		—
Loans receivable, net		293,206		299,307		—		—		299,307
Accrued interest receivable		1,039		1,039		1,039		—		—
Mortgage servicing rights		78		78		—		—		78
Financial liabilities:
Deposits		269,572		269,459		208,271		61,188		—
Securities sold under agreements to repurchase		16,434		16,543		—		16,543		—
Federal Home Loan Bank Advances		26,997		29,758		—		29,758		—
Accrued interest payable		154		154		154		—		—
Off-Balance sheet financial instruments		—		—		—		—		—

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NOTE 6 — GUARANTEES

The Company has not issued any guarantees that would require liability recognition or disclosure other than its letters of credit. Letters of credit are conditional commitments issued by the Company to guarantee the performance of a customer to a third party. Generally, letters of credit, when issued, have expiration dates within one year. The credit risks involved in issuing letters of credit are essentially the same as those that are involved in extending loan facilities to customers. The Company generally holds collateral and/or personal guarantees supporting these commitments. As of September 30, 2012, the Company had $548 thousand of outstanding letters of credit. Management believes the proceeds obtained through a liquidation of collateral and the enforcement of guarantees would be sufficient to cover the potential amount of future payments required under the corresponding guarantees. Management believes the current amount of the liability as of September 30, 2012 for guarantees under letters of credit issued is not material.

NOTE 7 — EMPLOYEE STOCK OWNERSHIP PLAN

Effective January 1, 2010, the Company adopted an Employee Stock Ownership Plan (“ESOP”) for eligible employees. The ESOP borrowed $3.7 million from the Company and used those funds to acquire 370,300 shares, or 8.0%, of the total number of shares issued by the Company in its initial public offering. The shares were acquired at a price of $10.00 per share.

The loan is secured by the shares purchased with the loan proceeds and will be repaid by the ESOP over the 20 year term of the loan with funds from the Bank’s contributions to the ESOP and dividends payable on the stock, if any. The interest rate on the ESOP loan adjusts annually and is the prime rate on the first business day of the calendar year, as published in The Wall Street Journal.

Shares purchased by the ESOP are held by a trustee in an unallocated suspense account and shares are released annually from the suspense account on a pro-rata basis as principal and interest payments are made by the ESOP to the Company. The trustee allocates the shares released among participants on the basis of each participant’s proportional share of compensation relative to all participants. Total ESOP shares may be reduced as a result of employees leaving the Company; shares that have previously been released to those exiting employees may be removed from the plan and transferred to that employee. As shares are committed to be released from the suspense account, the Bank reports compensation expense based on the average fair value of shares committed to be released with a corresponding credit to stockholders’ equity. Compensation expense recognized for the three months ended September 30, 2012 and 2011 amounted to $69 thousand and $67 thousand, respectively.

Shares held by the ESOP trust at the periods listed were as follows:

	September 30,
	2012		2011
Allocated shares		49,316		32,114
Unallocated shares		319,384		337,899
Total ESOP shares		368,700		370,013
Fair value of unallocated shares, in thousands	$	4,839	$	4,900

NOTE 8 — SHARE BASED COMPENSATION

In May 2011, the Company’s stockholders approved the OBA Financial Services, Inc. 2011 Equity Incentive Plan (“Plan”) which provides for awards of stock options and restricted stock to key officers and outside directors. The cost of the Plan is based on the fair value of the awards on the grant date. The fair value of restricted stock awards is based on the closing price of the Company’s stock on the grant date. The fair value of stock options is estimated using a Black-Scholes option pricing model using assumptions for dividend yield, stock price volatility, risk-free interest rate, and option term. These assumptions are based on management’s judgments regarding future events, are subjective in nature, and contain uncertainties inherent in an estimate. The cost of the awards are being recognized on a straight-line basis over the five-year vesting period during which participants are required to provide services in exchange for the awards. A portion of the restricted stock award vesting is contingent upon meeting certain company-wide performance goals.

Until such time as awards of stock are granted and vest or options are exercised, shares of the Company’s common stock under the Plan shall be authorized but unissued shares. The maximum number of shares authorized under the plan is 648,025. Total share-based compensation expense for the three months ended September 30, 2012 and 2011 was $235 thousand and $173 thousand, respectively.

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Stock Options

The table below presents the stock option activity for the period shown:

	Options		Weighted average exercise price		Remaining contractual life (years)
Options outstanding at June 30, 2012		272,150	$	14.79
Granted		—		—
Exercised		—		—
Forfeited		—		—
Expired		—		—
Options outstanding at September 30, 2012		272,150	$	14.79		8.8

As of September 30, 2012, the Company had $748 thousand of unrecognized compensation costs related to stock options. The cost of stock options will be amortized in equal annual installments over the five-year vesting period. There were 54,430 options vested during the three months ended September 30, 2012. Stock option expense for the three months ended September 30, 2012 and 2011 was $50 thousand and $35 thousand, respectively.

Restricted Stock Awards

Restricted stock awards are accounted for as fixed grants using the fair value of the Company’s stock at the time of grant. Unvested restricted stock awards may not be disposed of or transferred during the vesting period. Restricted stock awards carry with them the right to receive dividends.

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The table below presents the restricted stock award activity for the period shown:

	Service-Based Restricted stock awards		Weighted average grant date fair value		Performance-Based Restricted stock awards		Weighted average grant date fair value		Total Restricted stock awards		Weighted average grant date fair value
Non-vested at June 30, 2012		136,363	$	14.77		111,090	$	14.81		247,453	$	14.79
Granted		—		—		—		—		—		—
Vested		27,267		14.77		22,218		14.81		49,485		14.79
Forfeited		—		—		—		—		—		—
Non-vested at September 30, 2012		109,096	$	14.77		88,872	$	14.81		197,968	$	14.79

As of September 30, 2012, the Company had $2.8 million of unrecognized compensation cost related to restricted stock awards. The cost of the restricted stock awards will be amortized in equal annual installments over the five-year vesting period. The vesting of the performance-based stock awards is contingent upon meeting certain company-wide performance goals. If such goals are not met, no compensation cost is recognized and any recognized compensation cost is reversed. Restricted stock expense for the three months ended September 30, 2012 and 2011 was $185 thousand and $138 thousand, respectively.

NOTE 9 — EARNINGS PER SHARE

Basic earnings per share is computed by dividing income available to common shareholders by the weighted average number of common shares outstanding for the period exclusive of unallocated ESOP shares and unvested restricted stock. Stock options and unvested restricted stock are regarded as potential common stock and are considered in the diluted earnings per share calculations to the extent they would have a dilutive effect if converted to common stock, computed using the Treasury Stock method. The table below sets forth the dilutive effect of the stock options and unvested restricted shares.

	Three Months Ended September 30
(Dollars in thousands, except share data)	2012		2011
Net income	$	260	$	88
Weighted average number of shares used in:
Basic earnings per share		3,825,224		4,193,848
Diluted common stock equivalents:
Restricted stock and stock options		56,722		33
Diluted earnings per share		3,881,946		4,193,881
Net income per common share, basic	$	0.07	$	0.02
Net income per common share, diluted	$	0.07	$	0.02

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ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

FINANCIAL REVIEW

The principal objective of this Financial Review is to provide an overview of the financial condition and results of operations of OBA Financial Services Inc., and its subsidiary, OBA Bank. The discussion and tabular presentations should be read in conjunction with the accompanying unaudited Consolidated Financial Statements and Notes.

Overview of Income and Expenses

Income

The Company has two primary sources of pre-tax income; net interest income and non-interest income. Net interest income is the difference between interest income, which is the income the Company earns on its loans and investments, and interest expense, which is the interest the Company pays on its deposits and borrowings.

Non-interest income is received from providing products and services and from other income. The majority of the non-interest income is earned from service charges on deposit accounts, bank owned life insurance income, and loan servicing fees. The Company also earns income from time to time from the sale of residential mortgage loans and other fees and charges.

The Company recognizes gains or losses as a result of sales of investment securities, foreclosed property, and premises and equipment. In addition, the Company recognizes losses on its investment securities that are considered other-than-temporarily impaired. Gains and losses are not a regular part of the Company’s primary sources of income.

Expenses

The non-interest expenses the Company incurs in operating its business consist primarily of salaries and employee benefits, occupancy and equipment expense, external processing fees, FDIC assessments, Director fees, and other non-interest expenses.

Salaries and employee benefits expense consists primarily of the salaries and wages paid to employees and payroll tax, healthcare, retirement, ESOP, Equity Incentive Plan, and other employee benefit expenses.

Occupancy expenses, which are fixed or variable costs associated with premises and equipment, consist primarily of lease payments, real estate taxes, depreciation charges, maintenance, and cost of utilities.

Equipment expense includes expenses and depreciation charges related to office and banking equipment.

Data processing fees are paid to third party vendors primarily for various data processing services.

Other expenses include expenses for professional services, including, but not limited to, attorney, accountant and consultant fees, advertising and marketing, charitable contributions, insurance, office supplies, postage, telephone, and other miscellaneous operating expenses.

Critical Accounting Policies and Estimates

There are no material changes to the critical accounting policies disclosed in OBA Financial Services, Inc.’s Annual Report on Form 10-K for the fiscal year ended June 30, 2012.

Comparison of Financial Condition at September 30, 2012 and June 30, 2012

Assets. Total assets decreased $3.3 million to $388.8 million at September 30, 2012 from $392.1 million at June 30, 2012. The decrease was primarily due to a decrease in cash and cash equivalents partially offset by increases in loans and securities and a decrease in Federal Home Loan Bank advances.

Cash and Cash Equivalents. At September 30, 2012, cash and cash equivalents decreased by $16.9 million, to $14.6 million from $31.5 million at June 30, 2012 as securities available for sale and loans increased by $13.8 million and $1.8 million, respectively, while Federal Home Loan Bank advances decreased by $5.0 million.

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Loans. At September 30, 2012, total gross loans were $298.0 million, an increase of $1.8 million, as compared to $296.2 million at June 30, 2012. The commercial loan portfolio increased $5.0 million to $175.1 million at September 30, 2012 from $170.1 million at June 30, 2012 as the Company continued its focus on originating commercial loans. This increase was offset by decreases of $1.7 million and $1.4 million in the residential mortgage loan and home equity loan and line of credit portfolios, respectively. For further detail, see “Note 4 – Credit Quality of Loans and Allowance for Loan Losses” in the accompanying financial statements.

Allowance for Loan Losses.

The following table summarizes activity in the allowance for loan losses:

	Three Months Ended September 30,
(in thousands)	2012			2011
Balance at beginning of period	$	3,035		$	2,246
Provision for loan losses		112			147
Charge-offs		(8	)		—
Recoveries		1			15
Balance at end of period	$	3,140		$	2,408
Ratios:
Net charge-offs to average loans		—	%		(0.02	)%
Allowance for loan losses to loans		1.05			0.85

At September 30, 2012, the allowance for loan losses was $3.1 million compared with $2.4 million at September 30, 2011 and $3.0 million at June 30, 2012. The allowance for loan losses as a percentage of total loans at September 30, 2012 was 1.05% compared to 1.02% at June 30, 2012 and 0.85% at September 30, 2011. Net charge-offs as a percentage of average loans was effectively zero percent for the three months ended September 30, 2012 and the Bank had a net recovery of 0.02% for the three months ended September 30, 2011. The Bank had $7.9 million in impaired loans at September 30, 2012 and June 30, 2012. Total impaired loans are primarily made up of two loan relationships with not-for-profit entities that have collateral values well in excess of the loan values. Based on the value of the collateral, no specific allowances are required for these loans. For further detail, see “Note 4 – Credit Quality of Loans and Allowance for Loan Losses” in the accompanying financial statements.

Non-performing Assets. Loans are generally placed on non-accrual status when payment of principal or interest is 90 days or more delinquent unless well secured and in the process of collection. Loans can also be placed on non-accrual status if collection of principal or interest in full is in doubt. When loans are placed on non-accrual status, unpaid accrued interest is fully reversed, and further income is recognized only to the extent received. The loan may be returned to accrual status if both principal and interest payments are brought current, there has been a period of sustained performance (generally, six months), and full payment of principal and interest is expected. At September 30, 2012 and June 30, 2012, the Company had $6.1 million in total non-performing assets. Primarily, these totals represent commercial real estate and residential mortgage loans. Of the $6.1 million in non-performing assets the Company reported at September 30, 2012, $3.3 million were also troubled debt restructurings.

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The following table summarizes non-performing assets:

(dollars in thousands)	September 30, 2012			June 30, 2012
Non-performing assets
Non-accrual loans:
Commercial real estate	$	5,080		$	5,080
Residential mortgages		891			891
Home equity loans and lines of credit		75			75
Total non-accrual loans		6,046			6,046
Other real estate owned		40			40
Total non-performing assets	$	6,086		$	6,086
Asset quality ratios:
Non-performing loans to total loans		2.03	%		2.04	%
Non-performing assets to total assets		1.57			1.55

The non-performing loans to total loans ratio decreased slightly to 2.03% at September 30, 2012 from 2.04% at June 30, 2012 and the non-performing assets to total assets ratio increased two basis points from 1.55% at June 30, 2012 to 1.57% at September 30, 2012. For further detail, see “Note 4 – Credit Quality of Loans and Allowance for Loan Losses” in the accompanying financial statements.

Troubled Debt Restructurings. At September 30, 2012 and June 30, 2012, the Bank had $5.9 million and $5.8 million of modified loans, respectively, which were considered troubled debt restructurings. At September 30, 2012, the Bank had $1.0 million in residential mortgage loans that were considered troubled debt restructurings and $4.8 million in commercial real estate loans that were considered troubled debt restructurings. At June 30, 2012, the Bank had $1.1 million in residential mortgage loans that were considered troubled debt restructurings and $4.7 million in commercial real estate loans that were considered troubled debt restructurings. Of the $5.9 million in modified loans considered troubled debt restructurings, $3.3 million were also non-performing loans. For further detail, see “Note 4 – Credit Quality of Loans and Allowance for Loan Losses” in the accompanying financial statements.

Securities. At September 30, 2012, the securities portfolio totaled $50.4 million, or 13.0% of total assets, as compared to $36.9 million, or 9.4% of total assets, at June 30, 2012.

Deposits. At September 30, 2012, deposits increased $2.1 million to $271.7 million from $269.6 million at June 30, 2012. Total money market accounts increased $2.7 million and checking accounts increased $530 thousand while certificates of deposit decreased $1.3 million.

Borrowings. At September 30, 2012, total borrowings decreased $4.6 million, or 10.6%, to $38.8 million from $43.4 million at June 30, 2012. Repurchase agreements increased slightly to $16.9 million at September 30, 2012 from $16.4 million at June 30, 2012. At September 30, 2012, Federal Home Loan Bank advances totaled $22.0 million, a decrease of $5.0 million from June 30, 2012.

At September 30, 2012, the Company had access to additional Federal Home Loan Bank advances of up to $46.9 million.

Equity. Equity totaled $75.7 million at September 30, 2012 and June 30, 2012, respectively. At September 30, 2012, the Company had repurchased 80,694 shares of its common stock of the 208,294 shares approved in its second share repurchase program. The Company’s Board of Directors adopted the second stock repurchase program as previously disclosed in the Company’s 8-K filed on March 21, 2012.

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Capital and Liquidity. The Bank intends to maintain a strong capital position that supports its strategic goals while exceeding regulatory standards. At September 30, 2012, the Bank met the definition of a “well-capitalized” institution by exceeding all regulatory minimum capital requirements. The following tables summarize the consolidated and Bank capital ratios:

	Ratios at
	September 30, 2012			June 30, 2012			“Well-Capitalized” Minimums
Consolidated Capital Ratios:
Total Capital to risk-weighted assets		28.82	%		29.06	%		—
Tier 1 Capital to risk-weighted assets		27.66	%		27.93	%		—
Tier 1 Leverage		19.29	%		19.17	%		—
Bank Capital Ratios:
Total Capital to risk-weighted assets		23.51	%		23.42	%		10.00	%
Tier 1 Capital to risk-weighted assets		22.35	%		22.29	%		6.00	%
Tier 1 Leverage		15.59	%		15.30	%		5.00	%

The Company’s primary sources of funds are deposits, borrowed funds, amortization, prepayments, and maturities of loans, investment securities, and other short-term investments, and earnings and funds provided from operations. While scheduled principal repayments on loans and investments are a relatively predictable source of funds, deposit flows and loan and investment prepayments are greatly influenced by general interest rates, economic conditions, and competition. In addition, the Company invests excess funds in short-term interest-earning securities and other assets which provide liquidity to meet lending requirements.

The Company is a member of the Federal Home Loan Bank of Atlanta, whose competitive advance programs provide the Company with a safe, reliable, and convenient source of funds. A significant decrease in liquidity could result in the Company seeking other sources of funds, including, but not limited to, additional borrowings, brokered deposits, negotiated time deposits, the sale of available-for-sale investment securities, and the sale of loans or other assets.

Comparison of Operating Results for the Three Months Ended September 30, 2012 and 2011

General. Net income increased $172 thousand to $260 thousand for the three months ended September 30, 2012 from net income of $88 thousand for the three months ended September 30, 2011. The increase in net income was primarily a result of an increase in net interest income of $281 thousand and a decrease in the provision for loan losses of $35 thousand partially offset by an increase in tax expense of $148 thousand.

Net Interest Income. Net interest income increased by $281 thousand, to $3.3 million for the three months ended September 30, 2012 as compared to $3.0 million for the three months ended September 30, 2011. Total interest expense decreased $473 thousand, or 42.6%, to $637 thousand for the three months ended September 30, 2012 as compared to $1.1 million for the three months ended September 30, 2011. The decrease in interest expense was primarily the result of the Bank decreasing deposit rates while maintaining its competitive position within the local market, paying off all matured 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, and reducing the rate on customer repurchase agreements. Interest and dividend income decreased by $192 thousand to $3.9 million for the three months ended September 30, 2012 as compared to $4.1 million for the three months ended September 30, 2011. This decrease is primarily due to lower yields in the loan and investment portfolios, as well as, a decrease in lower yielding fed funds sold.

The net interest margin was 3.62% for the three months ended September 30, 2012 compared to 3.52% for the three months ended September 30, 2011. The increase in the net interest margin was primarily a result of an increase in average interest-earning assets and a decrease in the total interest-bearing liabilities average yield of 62 basis points as compared to a decrease in the total interest-earning asset yield of 50 basis points. Net interest-earning assets increased $34.9 million as average interest-earning assets increased $22.2 million to $357.6 million for the period ended September 30, 2012 compared to $335.4 million for the period ended September 30, 2011. Average interest-bearing liabilities decreased $12.7 million to $268.9 million for the period ended September 30, 2012 as compared to $281.6 million for the period ended September 30, 2011.

33

Interest and Dividend Income. Interest and dividend income decreased $192 thousand to $3.9 million from $4.1 million for the three months ended September 30, 2012 and 2011, respectively, as continued low market interest rates caused lower yields on new loan production and an increase in loan refinancing. Interest income on loans decreased $167 thousand to $3.6 million from $3.8 million for the periods ended September 30, 2012 and 2011, respectively. Interest income on investments was down slightly to $270 thousand for the period ended September 30, 2012 as compared to $282 thousand for the period ended September 30, 2011. Interest income on fed funds sold decreased $15 thousand, or 51.7%, to $14 thousand as fed funds sold decreased $15.9 million at September 30, 2012. The decrease in fed funds sold was primarily used to fund the increase in the loan portfolio which increased $16.0 million to $298.0 million at September 30, 2012 from $282.0 million at September 30, 2011.

The average yield on loans decreased 47 basis points, to 4.86%, for the three months ended September 30, 2012 from 5.33% for the three months ended September 30, 2011. Total average loans increased $14.6 million to $295.0 million, reflecting an increase in the average balance of commercial loans of $24.8 million to $170.7 million for the three months ended September 30, 2012. The increase in average commercial loans was offset by a decrease in average residential mortgage loans of $4.3 million to $92.3 million and a decrease in average consumer loans of $5.9 million to $32.1 million for the three months ended September 30, 2012 as compared to $96.5 million and $38.1 million, respectively, for the three months ended September 30, 2011.

The average yield on securities decreased 21 basis points to 2.16% for the three months ended September 30, 2012 from 2.37% for the three months ended September 30, 2011, reflecting continued low market interest rates and repayments of higher yielding securities within the mortgage backed securities portfolio.

Interest Expense. Interest expense decreased $473 thousand to $637 thousand from $1.1 million for the three months ended September 30, 2012 and 2011, respectively. Deposit expense decreased by $404 thousand to $352 thousand for the three months ended September 30, 2012 as the average rate paid on deposits decreased 66 basis points to 0.60% for the three months ended September 30, 2012 from 1.26% for three months ended September 30, 2011.

Interest expense on borrowings decreased $69 thousand to $285 thousand for the three months ended September 30, 2012 from $354 thousand for the three months ended September 30, 2011. The average cost of borrowings decreased 14 basis points to 2.82% for the three months ended September 30, 2012 as a result of paying off higher costing term Federal Home Loan Bank advances.

Provision for Loan Losses. The Company’s provision for loan losses for the three months ended September 30, 2012 was $112 thousand, a decrease of $35 thousand from $147 thousand for the three months ended September 30, 2011. For further discussion related to the provision for loan losses, see “Allowance for Loan Losses” in the “Comparison of Financial Condition at September 30, 2012 and June 30, 2012.” For further discussions related to loan portfolio performance, see “Non-performing Assets” in the “Comparison of Financial Condition at September 30, 2012 and June 30, 2012” and Note 4 of the notes to the consolidated financial statements.

34

Non-Interest Income. The following table summarizes changes in non-interest income:

	Three Months Ended September 30,				Change
	2012		2011		$			%
	(In thousands)
Customer service fees	$	90	$	91	$	(1	)		(1.1	)%
Loan servicing fees		5		9		(4	)		(44.4	)
Bank owned life insurance income		73		75		(2	)		(2.7	)
Other non-interest income		32		30		2			6.7
Non-interest income before net gains		200		205		(5	)		(2.4	)
Net gain on sale of loans		—		6		(6	)		(100.0	)
Net gains		—		6		(6	)		(100.0	)
Total non-interest income	$	200	$	211	$	(11	)		(5.2	)

Total non-interest income decreased $11 thousand to $200 thousand for the three months ended September 30, 2012 as compared to $211 thousand for the three months ended September 30, 2011.

Non-Interest Expense. The following table summarizes changes in non-interest expense:

	Three Months Ended September 30,				Change
	2012		2011		$			%
	(In thousands)
Salaries and employee benefits	$	1,770	$	1,738	$	32			1.8	%
Occupancy and equipment		388		386		2			0.5
Data processing		197		177		20			11.3
Directors’ fees		94		80		14			17.5
FDIC assessments		69		67		2			3.0
Other non-interest expense		403		488		(85	)		(17.4	)
Total non-interest expense	$	2,921	$	2,936	$	(15	)		(0.5	)

Total non-interest expense remained relatively unchanged with a decrease of $15 thousand to $2.9 million for the three months ended September 30, 2012. Directors’ fees increased $14 thousand, or 17.5%, to $94 thousand from $80 thousand for the three month periods ended September 30, 2012 and 2011, respectively. The increase is primarily due to addition of one new director in June 2011. Data processing expenses increased $20 thousand, or 11.3%, to $197 thousand for the three months ended September 30, 2012 as compared to $177 thousand for the three months ended September 30, 2011. The increase is primarily the result of increased licensing fees and processing costs. Other non-interest expense decreased $85 thousand to $403 thousand from $488 thousand for the three month periods ended September 30, 2012 and 2011, respectively. The decrease in other non-interest expense is primarily due to lower legal and professional fees, dues and licensing fees, and other operating expenses, and a decrease in miscellaneous losses.

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Income Taxes. The Company recorded income tax expense of $162 thousand for the three months ended September 30, 2012, reflecting an effective tax rate of 38.4%, compared to income tax expense of $14 thousand for the three months ended September 30, 2011, reflecting an effective tax rate of 13.7%. The lower effective tax rate for the three months ended September 30, 2011 as compared to September 30, 2012 is primarily the result of tax-exempt BOLI income representing a larger portion of pre-tax income. The difference from the effective tax rate to the statutory tax rate reflects the amount of income received from bank-owned life insurance, which is tax-exempt for federal and state tax purposes, relative to total pre-tax income for each period.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Not required, as the Registrant is a smaller reporting company.

ITEM 4. CONTROLS AND PROCEDURES

An evaluation was performed under the supervision and with the participation of the Company’s management, including the President and Chief Executive Officer and the Chief Financial Officer, of the effectiveness of the design and operation of the Company’s disclosure controls and procedures (as defined in Rule 13a-15(e) promulgated under the Securities and Exchange Act of 1934, as amended) as of September 30, 2012. Based on that evaluation, the Company’s management, including the President and Chief Executive Officer and the Chief Financial Officer concluded that the Company’s disclosure controls and procedures were effective.

During the quarter ended September 30, 2012, there were no changes in the Company’s internal control over financial reporting that have materially affected, or are reasonably likely to materially affect, the Company’s internal control over financial reporting.

36

PART II — OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

As of September 30, 2012, the Company was not subject to any legal actions, the outcome of which was expected to have a material effect on our financial condition or results of operations.

ITEM 1A. RISK FACTORS

Not required, as the Company is a smaller reporting company.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

The following table sets forth information in connection with repurchases of the Company’s shares of common stock for the period of July 1, 2012 through September 30, 2012. All shares repurchased during the three months ended September 30, 2012 have been retired. On March 16, 2012, the Board of Directors authorized the repurchase of up to 208,294 shares, or 5% of the Company’s common stock outstanding at the completion of the Company’s initial repurchase program approved on May 19, 2011. The repurchase authorization has no expiration date.

Period	Total Number of Shares Purchased		Average Price Paid per Share		Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs		Maximum Number of Shares That May yet be Purchased Under the Plans or Programs
July 1, 2012 through July 31, 2012		7,826	$	14.84		7,826		174,190
August 1, 2012 through August 31, 2012		33,703		14.85		33,703		140,487
September 1, 2012 through September 30, 2012		12,887		14.85		12,887		127,600
Total		54,416		14.85		54,416		127,600

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

None

ITEM 4. MINE SAFETY DISCLOSURES

Not applicable.

ITEM 5. OTHER INFORMATION

None

ITEM 6. EXHIBITS

The exhibits required by Item 601 of Regulation S-K are included with this Form 10-Q and are listed on the “Exhibit Index” immediately following the Signatures.

37

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 thereunto duly authorized.

	OBA FINANCIAL SERVICES, INC.
	(Registrant)
Date: November 14, 2012	/s/    CHARLES E. WELLER
	Charles E. Weller
	President and Chief Executive Officer
Date: November 14, 2012	/S/    DAVID A. MILLER
	David A. Miller
	Senior Vice President and Chief Financial Officer

38

EXHIBIT INDEX

Exhibit Number	Description
31.1	Certification of Charles E. Weller, President and Chief Executive Officer, Pursuant to Rule 13a-14(a) and Rule 15d-14(a).
31.2	Certification of David A. Miller, Senior Vice President and Chief Financial Officer, Pursuant to Rule 13a-14(a) and Rule 15d-14(a).
32	Certification of Charles E. Weller, President and Chief Executive Officer, and David A. Miller, Senior Vice President and Chief Financial Officer, Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
101	The following materials from the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2012, formatted in XBRL (Extensible Business Reporting Language): (i) the Consolidated Statements of Financial Condition, (ii) the Consolidated Statements of Income, (iii) Consolidated Statements of Comprehensive Income, (iv) the Consolidated Statements of Changes in Stockholders’ Equity, (v) the Consolidated Statements of Cash Flows and (vi) the Notes to Consolidated Financial Statements.

39

EX-31.1

Exhibit 31.1

Certification of Chief Executive Officer

Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

I, Charles E. Weller, certify that:

1) I have reviewed this Quarterly Report on Form 10-Q of OBA Financial Services, Inc.;

2) Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3) Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4) The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under the Company’s supervision, to ensure that material information relating to the registrant, including its consolidated subsidiary, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report the Company’s conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5) The registrant’s other certifying officer and I have disclosed, based on the Company’s most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s Board of Directors (or persons performing the equivalent functions):

a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: November 14, 2012

/S/    CHARLES E. WELLER

Charles E. Weller

President and Chief Executive Officer

EX-31.2

Exhibit 31.2

Certification of Chief Financial Officer

Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

I, David A. Miller, certify that:

1) I have reviewed this Quarterly Report on Form 10-Q of OBA Financial Services, Inc.;

2) Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3) Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4) The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under the Company’s supervision, to ensure that material information relating to the registrant, including its consolidated subsidiary, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report the Company’s conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5) The registrant’s other certifying officer and I have disclosed, based on the Company’s most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s Board of Directors (or persons performing the equivalent functions):

a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: November 14, 2012

/S/    DAVID A. MILLER

David A. Miller

Senior Vice President and Chief Financial Officer

EX-32

Exhibit 32

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of OBA Financial Services, Inc. (the “Company”) on Form 10-Q for the period ended September 30, 2012 as filed with the Securities and Exchange Commission (the “Report”), the undersigned, Charles E. Weller, President and Chief Executive Officer of the Company, and David A. Miller, Senior Vice President and Chief Financial Officer, each certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to best of his knowledge:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

/s/ Charles E. Weller
Charles E. Weller	Date: November 14, 2012
President and Chief Executive Officer
/s/ David A. Miller
David A. Miller	Date: November 14, 2012
Senior Vice President and Chief Financial Officer

A signed original of this written statement required by Section 906 has been provided to OBA Financial Services, Inc. and will be retained by OBA Financial Services, Inc. and furnished to the Securities and Exchange Commission or its staff upon request.

XML

Credit Quality of Loans and Provision and Allowance for Loan Losses (Schedule of the Allowance For Loan Losses) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended			3 Months Ended			3 Months Ended			3 Months Ended				3 Months Ended			3 Months Ended			3 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Jun. 30, 2012	Sep. 30, 2012 Commercial Business [Member]	Sep. 30, 2011 Commercial Business [Member]	Jun. 30, 2012 Commercial Business [Member]	Sep. 30, 2012 Commercial Real Estate [Member]	Sep. 30, 2011 Commercial Real Estate [Member]	Jun. 30, 2012 Commercial Real Estate [Member]	Sep. 30, 2012 Construction [Member]	Jun. 30, 2012 Construction [Member]	Sep. 30, 2011 Construction [Member]	Jun. 30, 2011 Construction [Member]	Sep. 30, 2012 Residential Mortgages [Member]	Sep. 30, 2011 Residential Mortgages [Member]	Jun. 30, 2012 Residential Mortgages [Member]	Sep. 30, 2012 Home Equity Loans And Lines Of Credit [Member]	Sep. 30, 2011 Home Equity Loans And Lines Of Credit [Member]	Jun. 30, 2012 Home Equity Loans And Lines Of Credit [Member]	Sep. 30, 2012 Unallocated Financing Receivables [Member]	Sep. 30, 2011 Unallocated Financing Receivables [Member]	Jun. 30, 2012 Unallocated Financing Receivables [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Balance at beginning of year	$ 3,035	$ 2,246		$ 670	$ 383		$ 955	$ 706		$ 7		$ 2	$ 2	$ 772	$ 528		$ 390	$ 440		$ 241	$ 187
Provision for loan losses	112	147		28	110		208	40		(1)				43	57		(10)	(35)		(156)	(25)
Charged-off	(8)						(8)
Recoveries	1	15					1								15
Balance at end of year	3,140	2,408		698	493		1,156	746		6		2	2	815	600		380	405		85	162
Allowance for Loan Losses: Ending allowance balance related to loans: Individually evaluated for impairment	150		150											150		150
Allowance for Loan Losses: Ending allowance balance related to loans: Collectively evaluated for impairment	2,990		2,885	698		670	1,156		955	6	7			665		622	380		390	85		241
Loans receivable: Ending loan balance Individually evaluated for impairment	7,720		7,918	8		9	6,249		6,442					1,430		1,434	33		33
Loans receivable: Ending loan balance Collectively evaluated for impairment	290,209		288,182	40,746		32,174	126,468		129,594	1,593	1,850			90,089		91,832	31,313		32,732
Total Loans Receivable	$ 297,929		$ 296,100	$ 40,754		$ 32,183	$ 132,717		$ 136,036	$ 1,593	$ 1,850			$ 91,519		$ 93,266	$ 31,346		$ 32,765

XML

Share Based Compensation (Narrative) (Details) (USD $)	3 Months Ended		12 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Jun. 30, 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation	$ 235,000	$ 173,000	$ 173,000
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized, Stock Options	748,000
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized	2,800,000
Restricted Stock or Unit Expense	$ 185,000	$ 138,000
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized	648,025

XML

Employee Stock Ownership Plan (Narrative) (Details) (USD $)	3 Months Ended		12 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Jun. 30, 2012
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Employee Stock Ownership Plan (ESOP), Debt Structure, Direct Loan, Description	The ESOP borrowed $3.7 million from the Company and used those funds to acquire 370,300 shares, or 8.0%, of the total number of shares issued by the Company in its initial public offering. The shares were acquired at a price of $10.00 per share.
Employee Stock Ownership Plan (ESOP), Compensation Expense	$ 69,000	$ 67,000	$ 67,000
January 1, 2010 [Member]
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Employee Stock Ownership Plan (ESOP), Debt Structure, Direct Loan, Amount	$ 3,700,000
Shares Acquired by ESOP from the Company	370,300
Common Stock, Shares Issued, Overall Percent	8.00%
Share Price	$ 10.00

XML

Securities (Investments Classified by Contractual Maturity Date) (Details) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2012	Jun. 30, 2012
Securities [Abstract]
Available-for-sale Securities, Debt Maturities, after Ten Years, Amortized Cost Basis	$ 66
Available-for-sale Securities, Debt Maturities, without Single Maturity Date, Amortized Cost Basis	46,452
Available-for-sale Securities, Amortized Cost	46,568	33,130
Available-for-sale Securities, Debt Maturities, after Ten Years, Fair Value	54
Available-for-sale Securities, Debt Maturities, without Single Maturity Date, Fair Value	48,160
Available-for-sale Securities, Fair Value	48,264	34,454
Held-to-maturity Securities, Debt Maturities, without Single Maturity Date, Net Carrying Amount	2,115
Securities held to maturity, Carrying Amount	2,115	2,396
Held-to-maturity Securities, Debt Maturities, without Single Maturity Date, Fair Value	2,274
Held-to-maturity Securities, Fair Value	$ 2,274	$ 2,549

XML

Fair Value (Tables)

3 Months Ended

Sep. 30, 2012

Fair Value [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

For assets measured at fair value on a recurring basis, the fair value measurements by level within the fair value hierarchy used at the periods listed are as follows:

(In thousands)		(Level 1)
		Quoted Prices	(Level 2)
		in Active	Significant	(Level 3)
		Markets for	Other	Significant
	September 30,	Identical	Observable	Unobservable
Description	2012	Assets	Inputs	Inputs
Residential mortgage-backed securities	$            48,160	$                     -	$            48,160	$                     -
Trust preferred securities	54	-	-	54
Equity securities	50	-	50	-
Securities available for sale	$            48,264	$                     -	$            48,210	$                   54
		(Level 1)
		Quoted Prices	(Level 2)
		in Active	Significant	(Level 3)
		Markets for	Other	Significant
	June 30,	Identical	Observable	Unobservable
Description	2012	Assets	Inputs	Inputs
Residential mortgage-backed securities	$            34,350	$                     -	$            34,350	$                     -
Trust preferred securities	54	-	-	54
Equity securities	50	-	50	-
Securities available for sale	$            34,454	$                    -	$            34,400	$                   54

Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block]

(In thousands)	Quantitative Information about Level 3 Fair Value Measurements
	Fair Value	Valuation		Unobservable	Estimated
September 30, 2012	Estimate	Techniques		Inputs	Range
Impaired loans	$                  823	Appraisal of collateral		Appraisal adjustments	0.0% to -25.0%
				Liquidation expenses	-3.0% to -5.0%
Real estate owned	40	Appraisal of property		Appraisal adjustments	0.0% to -25.0%
			Liquidation expenses		-3.0% to -5.0%
(In thousands)	Quantitative Information about Level 3 Fair Value Measurements
	Fair Value	Valuation		Unobservable	Estimated
June 30, 2012	Estimate	Techniques		Inputs	Range
Impaired loans	$                  826	Appraisal of collateral		Appraisal adjustments	0.0% to -25.0%
				Liquidation expenses	-3.0% to -5.0%
Real estate owned	40	Appraisal of property		Appraisal adjustments	0.0% to -25.0%
				Liquidation expenses	-3.0% to -5.0%

Fair Value, by Balance Sheet Grouping [Table Text Block]

			Fair Value Hierarchy at
			Septebmer 30, 2012
			Quoted Prices in
			Active Markets	Significant Other	Significant
	September 30, 2012		For Identical	Observable	Unobservable
	Carrying	Fair	Assets	Inputs	Inputs
(In thousands)	Amount	Value	(Level 1)	(Level 2)	(Level 3)
Financial assets:
Cash and cash equivalents	$     14,585	$    14,585	$               14,585	$                         -	$                         -
Interest bearing deposits with other banks	8,651	8,651	8,651	-	-
Securities available for sale	48,264	48,264	-	48,210	54
Securities held to maturity	2,115	2,274	-	2,274	-
Federal Home Loan Bank stock	1,562	1,562	1,562	-	-
Loans receivable, net	294,860	302,502	-	-	302,502
Accrued interest receivable	1,169	1,169	1,169	-	-
Mortgage servicing rights	75	75	-	-	75
Financial liabilities:
Deposits	271,685	274,073	214,168	59,905	-
Securities sold under agreements to repurchase	16,861	16,934	-	16,934	-
Federal Home Loan Bank Advances	21,967	24,728	-	24,728	-
Accrued interest payable	111	111	111	-	-
Off-Balance sheet financial instruments	-	-	-	-	-
			Fair Value Hierarchy at
			June 30, 2012
			Quoted Prices in
			Active Markets	Significant Other	Significant
	June 30, 2012		For Identical	Observable	Unobservable
	Carrying	Fair	Assets	Inputs	Inputs
(In thousands)	Amount	Value	(Level 1)	(Level 2)	(Level 3)
Financial assets:
Cash and cash equivalents	$      31,525	$    31,525	$               31,525	$                         -	$                         -
Interest bearing deposits with other banks	9,490	9,490	9,490	-	-
Securities available for sale	34,454	34,454	-	34,400	54
Securities held to maturity	2,396	2,549	-	2,549	-
Federal Home Loan Bank stock	2,169	2,169	2,169	-	-
Loans receivable, net	293,206	299,307	-	-	299,307
Accrued interest receivable	1,039	1,039	1,039	-	-
Mortgage servicing rights	78	78	-	-	78
Financial liabilities:
Deposits	269,572	269,459	208,271	61,188	-
Securities sold under agreements to repurchase	16,434	16,543	-	16,543	-
Federal Home Loan Bank Advances	26,997	29,758	-	29,758	-
Accrued interest payable	154	154	154	-	-
Off-Balance sheet financial instruments	-	-	-	-	-

XML

Share Based Compensation (Valuation Assumptions) (Details)	3 Months Ended
	Sep. 30, 2012
Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected life (in years)	6 years 6 months
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected life (in years)	6 years 6 months

XML

Fair Value (Fair Value Measurements, Recurring and Nonrecurring) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Sep. 30, 2012		Sep. 30, 2011	Jun. 30, 2012
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	$ 48,264
Beginning balance	34,454
Unrealized gains included in other comprehensive income	227		142
Ending balance	48,264
Impaired Loans	823			826
Real estate owned	40			40
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	48,210			34,400
Beginning balance				34,400
Ending balance	48,210			34,400
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	54
Beginning balance	54
Principal repayments	(4)
Unrealized gains included in other comprehensive income	4
Ending balance	54
Impaired Loans	823			826
Real estate owned	40			40
Residential Mortgage Backed Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	48,160	[1]		34,350	[1]
Beginning balance				34,350	[1]
Ending balance	48,160	[1]		34,350	[1]
Residential Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	48,160	[1]		34,350	[1]
Beginning balance				34,350	[1]
Ending balance	48,160	[1]		34,350	[1]
Trust Preferred Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	54			54
Beginning balance				54
Ending balance	54			54
Trust Preferred Securities [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	54			54
Beginning balance				54
Ending balance	54			54
Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	48,214			34,404
Beginning balance				34,404
Ending balance	48,214			34,404
Equity Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	50			50
Beginning balance				50
Ending balance	50			50
Equity Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	50			50
Beginning balance				50
Ending balance	$ 50			$ 50

[1] The following table presents a reconciliation of the securities available for sale measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the three months ended September 30, 2012: (In thousands) Three Months Ended Beginning balance $ 54 Principal repayments (4) Unrealized gains included in other comprehensive income 4 Ending balance $ 54

XML

Credit Quality of Loans and Provision and Allowance for Loan Losses (Loan Portfolio, Summarized By Rating) (Details) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2012	Jun. 30, 2012
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	$ 297,929	$ 296,100
Commercial Business [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	40,754	32,183
Commercial Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	132,717	136,036
Construction [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	1,593	1,850
Residential Mortgages [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	91,519	93,266
Home Equity Loans And Lines Of Credit [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	31,346	32,765
Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	282,804	284,021
Pass [Member] | Commercial Business [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	37,664	28,785
Pass [Member] | Commercial Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	122,852	129,409
Pass [Member] | Construction [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	1,593	1,850
Pass [Member] | Residential Mortgages [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	89,457	91,320
Pass [Member] | Home Equity Loans And Lines Of Credit [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	31,238	32,657
Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	3,691	259
Special Mention [Member] | Commercial Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	3,616	184
Special Mention [Member] | Home Equity Loans And Lines Of Credit [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	75	75
Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	11,434	11,820
Substandard [Member] | Commercial Business [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	3,090	3,398
Substandard [Member] | Commercial Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	6,249	6,443
Substandard [Member] | Residential Mortgages [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	2,062	1,946
Substandard [Member] | Home Equity Loans And Lines Of Credit [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable, gross	$ 33	$ 33

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Earnings Per Share (Schedule of Earnings Per Share Reconciliation) (Details) (USD $)	3 Months Ended
	Sep. 30, 2012	Sep. 30, 2011
Earnings Per Share [Abstract]
Net income	$ 260,000	$ 88,000
Weighted average number of shares used in: Basic earnings per share	3,825,224	4,193,848
Diluted common stock equivalents: Restricted Stock	$ 56,722	$ 33
Diluted earnings per share	3,881,946	4,193,881
Net income per common share, basic	$ 0.07	$ 0.02
Net income per common share, diluted	$ 0.07	$ 0.02

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Employee Stock Ownership Plan (Tables) (Details) (USD $) In Thousands, except Share data, unless otherwise specified	Sep. 30, 2012	Jun. 30, 2012
Employee Stock Ownership Plan [Abstract]
Allocated shares	49,316	32,114
Unallocated shares	319,384	337,899
Total ESOP shares	368,700	370,013
Fair value of unallocated shares, in thousands	$ 4,839	$ 4,900

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Consolidated Statements of Cash Flows (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Sep. 30, 2012	Sep. 30, 2011
Operating Activities:
Net income	$ 260	$ 88
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for loan losses	112	147
Depreciation and amortization of premises and equipment	167	164
Net amortization of securities premiums and discounts	93	112
Proceeds from sales of loans held for sale	0	307
Originated loans held for sale	0	(301)
Net gains on sales of loans	0	(6)
Amortization of net deferred loan costs	10	0
Bank owned life insurance income	(73)	(75)
ESOP expense	69	67
Share-based compensation expense	235	173
Amortization of mortgage servicing rights	3	3
Amortization of brokered deposit premiums	0	3
Changes in other assets and liabilities, net	(163)	(324)
Total adjustments	453	270
Net cash provided by operating activities	713	358
Investing Activities:
Principal collections and maturities of securities available for sale	2,855	2,072
Principal collections and maturities of securities held to maturity	280	202
Purchases of securities available for sale	(16,384)	0
Redemption of Federal Home Loan Bank Stock, net	607	288
Decrease (increase) in interest bearing deposits with other Banks, net	839	(1,987)
Loan originations less principal collections, net	(1,776)	(118)
Purchases of premises and equipment	(45)	(98)
Net cash used in investing activities	(13,624)	359
Financing Activities:
Increase in deposits	2,113	13,685
Increase in securities sold under agreements to repurchase	427	3,108
Repayment of FHLB advances	(5,030)	(2,530)
Net decrease in advance payments from borrowers for taxes and insurance	(750)	(815)
Tax benefit from vesting of restricted shares	21	0
Purchase and retirement of Company stock	(810)	(3,609)
Net cash provided by (used in) financing activities	(4,029)	9,839
Increase (decrease) in cash and cash equivalents	(16,940)	10,556
Cash and cash equivalents at beginning of period	31,525	37,968
Cash and cash equivalents at end of period	14,585	48,524
Supplemental Disclosures:
Interest paid	680	1,119
Income taxes refunded, net	$ (101)	$ 0

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Fair Value (Qualitative Information About Level 3 Fair Value Measurements) (Details) (USD $) In Thousands, unless otherwise specified			3 Months Ended
	Sep. 30, 2012	Jun. 30, 2012	Sep. 30, 2012 Impaired Loans [Member]	Sep. 30, 2012 Impaired Loans [Member] Appraisal Adjustments [Member]	Sep. 30, 2012 Impaired Loans [Member] Liquidation Expenses [Member]	Sep. 30, 2012 Real Estate Owned [Member]	Sep. 30, 2012 Real Estate Owned [Member] Appraisal Adjustments [Member]	Sep. 30, 2012 Real Estate Owned [Member] Liquidation Expenses [Member]	Sep. 30, 2012 Minimum [Member] Impaired Loans [Member]	Sep. 30, 2012 Minimum [Member] Real Estate Owned [Member]	Sep. 30, 2012 Maximum [Member] Impaired Loans [Member]	Sep. 30, 2012 Maximum [Member] Real Estate Owned [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Immaterial Trust Preferred Security	1
Impaired Loans	$ 823	$ 826
Real estate owned	$ 40	$ 40
Fair Value Measurements, Valuation Techniques			Appraisal of collateral			Appraisal of property
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings, Description				Appraisal adjustments	Liquidation expenses		Appraisal adjustments	Liquidation expenses
Fair Value Inputs, Discount Rate									(25.00%)	(5.00%)	0.00%	(3.00%)

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Summary of Significant Accounting Policies (Narrative) (Details) (USD $)
In Thousands, unless otherwise specified

1 Months Ended

3 Months Ended

Dec. 31, 2010

Sep. 30, 2012

Jun. 30, 2012

Summary of Significant Accounting Policies [Abstract]

Entity Reorganization, Date of Reorginization

2007-12

Restructuring and Related Activities, Description

In December 2007, the Bank reorganized into a three-tier mutual holding company structure. As part of the reorganization, the Bank converted from a mutual savings bank into a federally chartered stock savings bank and formed OBA Bancorp, Inc., a federally chartered mid-tier stock holding company, and OBA Bancorp, MHC, a federally chartered mutual holding company. The Bank became a wholly-owned subsidiary of OBA Bancorp, Inc. and OBA Bancorp, Inc. became a wholly-owned subsidiary of OBA Bancorp, MHC.

Restructuring and Related Activities, Completion Date

Jan. 22, 2012

Trading Symbol

January 22, 2010

Other Assets

$ 3,682

$ 3,762

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Earnings Per Share (Tables)

3 Months Ended

Sep. 30, 2012

Earnings Per Share [Abstract]

Schedule of Earnings Per Share Reconciliation [Table Text Block]

	Three Months Ended
	September 30
(Dollars in thousands, except share data)	2012	2011
Net income	$               260	$                 88
Weighted average number of shares used in:
Basic earnings per share	3,825,224	4,193,848
Diluted common stock equivalents:
Restricted stock and stock options	56,722	33
Diluted earnings per share	3,881,946	4,193,881
Net income per common share, basic	$              0.07	$              0.02
Net income per common share, diluted	$              0.07	$              0.02

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Fair Value (Fair Value, By Balance Sheet Grouping) (Details) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2012	Jun. 30, 2012	Sep. 30, 2011	Jun. 30, 2011
Cash and cash equivalents, Carrying Amount	$ 14,585	$ 31,525	$ 48,524	$ 37,968
Cash and cash equivalents, Fair Value	14,585	31,525
Interest bearing deposits with other banks, Carrying Amount	8,651	9,490
Interest bearing deposits with other banks, Fair Value	8,651	9,490
Securities available for sale	48,264	34,454
Securities available for sale, Carrying Amount	48,264	34,454
Securities available for sale, Fair Value	48,264	34,454
Securities held to maturity, Carrying Amount	2,115	2,396
Securities held to maturity, Fair Value	2,274	2,549
Held-to-maturity Securities, Fair Value	2,274	2,549
Federal Home Loan Bank stock, Carrying Amount	1,562	2,169
Federal Home Loan Bank stock, at cost	1,562	2,169
Federal Home Loan Bank stock, Fair Value	1,562	2,169
Net loans	294,860	293,206
Loans receivable, net, Carrying Amount	294,860	293,206
Loans receivable, net, Fair Value	302,502	299,307
Accrued interest receivable, Carrying Amount	1,169	1,039
Accrued interest receivable, Fair Value	1,169	1,039
Mortgage servicing rights, Carrying Amount	75	78
Mortgage servicing rights, Fair Value	75	78
Deposits, Carrying Amount	271,685	269,572
Total deposits	271,685	269,572
Deposits, Fair Value	274,073	269,459
Securities sold under agreements to repurchase, Carrying Amount	16,861	16,434
Securities sold under agreements to repurchase	16,861	16,434
Securities sold under agreements to repurchase, Fair Value	16,934	16,543
Federal Home Loan Bank Advances, Carrying Amount	21,967	26,997
Federal Home Loan Bank advances	21,967	26,997
Federal Home Loan Bank Advances, Fair Value	24,728	29,758
Accrued interest payable, Carrying Amount	111	154
Accrued interest payable, Fair Value	111	154
Fair Value, Inputs, Level 1 [Member]
Cash and cash equivalents, Fair Value	14,585	31,525
Interest bearing deposits with other banks, Fair Value	8,651	9,490
Federal Home Loan Bank stock, Fair Value	1,562	2,169
Accrued interest receivable, Fair Value	1,169	1,039
Deposits, Fair Value	214,168	208,271
Accrued interest payable, Fair Value	111	154
Fair Value, Inputs, Level 2 [Member]
Securities available for sale	48,210	34,400
Securities available for sale, Carrying Amount	48,210	34,400
Securities available for sale, Fair Value	48,210	34,400
Securities held to maturity, Fair Value	2,274	2,549
Held-to-maturity Securities, Fair Value	2,274	2,549
Deposits, Fair Value	59,905	61,188
Securities sold under agreements to repurchase, Fair Value	16,934	16,543
Federal Home Loan Bank Advances, Fair Value	24,728	29,758
Fair Value, Inputs, Level 3 [Member]
Securities available for sale	54	54
Securities available for sale, Carrying Amount	54	54
Securities available for sale, Fair Value	54	54
Loans receivable, net, Fair Value	302,502	299,307
Mortgage servicing rights, Fair Value	$ 75	$ 78

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Comprehensive Income (Schedule Of Other Comprehensive Income Loss) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Sep. 30, 2012	Sep. 30, 2011
Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest [Abstract]
Unrealized gains on available for sale securities	$ 372	$ 233
Tax effect	145	91
Net of tax amount	$ 227	$ 142

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Comprehensive Income (Schedule Of Accumulated Other Comprehensive Income Loss) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended	12 Months Ended
	Sep. 30, 2012	Jun. 30, 2012
Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest [Abstract]
Unrealized gains on available for sale securities	$ 1,696	$ 1,324
Tax effect	(661)	(516)
Net of tax amount	$ 1,035	$ 808

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Consolidated Statements of Stockholders' Equity and Comprehensive Income (Parenthetical)	3 Months Ended
	Sep. 30, 2012	Sep. 30, 2011
Consolidated Statements of Stockholders' Equity and Comprehensive Income
Net unrealized losses on available for sale securities, tax	54,416	250,850
ESOP shares committed to be released, shares	4,629	4,629
Impact of restricted shares vesting	49,485

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Securities (Schedule of Available-for-sale And Held-to-maturity Securities Reconciliation) (Details) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2012		Jun. 30, 2012
Available-for-sale Securities, Amortized Cost	$ 46,568		$ 33,130
Available-for-sale Securities, Gross Unrealized Gains	1,728		1,340
Available-for-sale Securities, Gross Unrealized Losses	(32)		(16)
Available-for-sale Securities, Fair Value	48,264		34,454
Securities held to maturity, Carrying Amount	2,115		2,396
Held-to-maturity Securities, Fair Value	2,274		2,549
Investment Securities, Amortized Cost	48,683		35,526
Investment Securities, Gross Unrealized Gains	1,887		1,493
Investment Securities, Gross Unrealized Losses	(32)		(16)
Investment Securities, Fair Value	50,538		37,003
Residential Mortgage Backed Securities [Member]
Available-for-sale Securities, Amortized Cost	46,452		33,010
Available-for-sale Securities, Gross Unrealized Gains	1,728		1,340
Available-for-sale Securities, Gross Unrealized Losses	(20)
Available-for-sale Securities, Fair Value	48,160	[1]	34,350	[1]
Securities held to maturity, Carrying Amount	2,115		2,396
Held-to-maturity Securities, Gross Unrealized Gains	159		153
Held-to-maturity Securities, Fair Value	2,274		2,549
Trust Preferred Securities [Member]
Available-for-sale Securities, Amortized Cost	66		70
Available-for-sale Securities, Gross Unrealized Losses	(12)		(16)
Available-for-sale Securities, Fair Value	54		54
Debt Securities [Member]
Available-for-sale Securities, Amortized Cost	46,518		33,080
Available-for-sale Securities, Gross Unrealized Gains	1,728		1,340
Available-for-sale Securities, Gross Unrealized Losses	(32)		(16)
Available-for-sale Securities, Fair Value	48,214		34,404
Securities held to maturity, Carrying Amount	2,115		2,396
Held-to-maturity Securities, Gross Unrealized Gains	159		153
Held-to-maturity Securities, Fair Value	2,274		2,549
Equity Securities [Member]
Available-for-sale Securities, Amortized Cost	50		50
Available-for-sale Securities, Fair Value	$ 50		$ 50

[1] The following table presents a reconciliation of the securities available for sale measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the three months ended September 30, 2012: (In thousands) Three Months Ended Beginning balance $ 54 Principal repayments (4) Unrealized gains included in other comprehensive income 4 Ending balance $ 54

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Credit Quality of Loans and Provision and Allowance for Loan Losses (Impaired Loans By Loan Portfolio Class) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended	12 Months Ended
	Sep. 30, 2012	Jun. 30, 2012
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	$ 6,747	$ 6,942
Impaired Financing Receivable, with Related Allowance, Recorded Investment	973	976
Impaired Financing Receivable, Recorded Investment	7,720	7,918
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance	6,840	7,035
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance	973	976
Impaired Financing Receivable, Unpaid Principal Balance	7,813	8,011
Impaired Financing Receivable, Related Allowance	150	150
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment	6,753	7,057
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment	974	792
Impaired Financing Receivable, Average Recorded Investment	7,727	7,849
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method	18	391
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method	9	28
Impaired Financing Receivable, Interest Income, Accrual Method	27	419
Commercial Business [Member]
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, with No Related Allowance, Recorded Investment		9
Impaired Financing Receivable, Recorded Investment	8	9
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance		9
Impaired Financing Receivable, Unpaid Principal Balance	8	9
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment		4
Impaired Financing Receivable, Average Recorded Investment	8	4
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	6,249	6,442
Impaired Financing Receivable, Recorded Investment	6,249	6,444
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance	6,339	6,532
Impaired Financing Receivable, Unpaid Principal Balance	6,339	6,339
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment	6,255	6,807
Impaired Financing Receivable, Average Recorded Investment	6,255	6,255
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method	17	380
Impaired Financing Receivable, Interest Income, Accrual Method	17	380
Residential Mortgages [Member]
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	457	458
Impaired Financing Receivable, with Related Allowance, Recorded Investment	973	976
Impaired Financing Receivable, Recorded Investment	1,430	1,434
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance	460	461
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance	973	976
Impaired Financing Receivable, Unpaid Principal Balance	1,433	1,437
Impaired Financing Receivable, Related Allowance	150	150
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment	457	229
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment	974	792
Impaired Financing Receivable, Average Recorded Investment	1,431	1,021
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method	1	10
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method	9	28
Impaired Financing Receivable, Interest Income, Accrual Method	10	38
Home Equity Loans And Lines Of Credit [Member]
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	33	33
Impaired Financing Receivable, Recorded Investment	33	33
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance	33	33
Impaired Financing Receivable, Unpaid Principal Balance	33	33
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment	33	17
Impaired Financing Receivable, Average Recorded Investment	33	17
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method		1
Impaired Financing Receivable, Interest Income, Accrual Method		$ 1

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Consolidated Statements of Condition (USD $) In Thousands, unless otherwise specified	Sep. 30, 2012	Jun. 30, 2012
Assets:
Cash and due from banks	$ 13,917	$ 14,916
Federal funds sold	668	16,609
Cash and cash equivalents	14,585	31,525
Interest bearing deposits with other banks	8,651	9,490
Securities available for sale	48,264	34,454
Securities held to maturity (fair value of $2,274 and $2,549)	2,115	2,396
Federal Home Loan Bank stock, at cost	1,562	2,169
Loans	298,000	296,241
Less: allowance for loan losses	3,140	3,035
Net loans	294,860	293,206
Premises and equipment, net	6,064	6,186
Bank owned life insurance	8,972	8,898
Other assets	3,682	3,762
Total assets	388,755	392,086
Liabilities:
Deposits: Noninterest-bearing	39,464	40,003
Deposits: Interest-bearing	232,221	229,569
Total deposits	271,685	269,572
Securities sold under agreements to repurchase	16,861	16,434
Federal Home Loan Bank advances	21,967	26,997
Advance payments from borrowers for taxes and insurance	957	1,707
Other liabilities	1,568	1,661
Total liabilities	313,038	316,371
Stockholders' Equity:
Preferred stock (par value $.01); authorized 50,000,000 shares; no shares issued or outstanding
Common stock (par value $.01); authorized 100,000,000 shares; issued and outstanding 4,332,634 and 4,387,050 shares at September 30, 2012 and June 30, 2012, respectively	43	43
Additional paid-in capital	38,164	38,695
Unearned ESOP shares	(3,194)	(3,240)
Retained earnings	39,669	39,409
Accumulated other comprehensive income	1,035	808
Total stockholders' equity	75,717	75,715
Total liabilities and stockholders' equity	$ 388,755	$ 392,086

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Guarantees (Narrative) (Details) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2012
Legal Contingencies [Abstract]
Standby Letter of Credit Outstanding	$ 548

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Consolidated Statements of Comprehensive Income (Parenthetical) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Sep. 30, 2012	Sep. 30, 2011
Statement of Other Comprehensive Income [Abstract]
Net unrealized losses on available for sale securities, tax	$ 145	$ 91

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Securities (Narrative) (Details) (USD $)	Sep. 30, 2012	Jun. 30, 2012
Other than Temporary Impairment, Credit Losses Recognized in Earnings, Credit Losses on Debt Securities Held, Ending Balance	$ 0	$ 0
Available-for-sale Securities Pledged as Collateral	$ 16,900,000	$ 20,800,000
Mortgage-backed Securities, Issued by Private Enterprises [Member]
Securities, Number	0	0

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Comprehensive Income (Tables)

3 Months Ended

Sep. 30, 2012

Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest [Abstract]

Schedule Of Other Comprehensive Income Loss Table Text Block

	Three Months Ended
	September 30,
	2012		2011
		(In thousands)
Unrealized gains on available for sale securities	$          372		$          233
Tax effect	145		91
Net of tax amount	$          227		$          142

Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]

	September 30,		June 30,
	2012		2012
		(In thousands)
Unrealized gains on available for sale securities	$              1,696		$              1,324
Tax effect	(661)		(516)
Total	$               1,035		$                  808

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Credit Quality of Loans and Provision and Allowance of Loan Losses (Loans Receivable, Net Components) (Details) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2012	Jun. 30, 2012	Sep. 30, 2011	Jun. 30, 2011
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	$ 297,929	$ 296,100
Net deferred commercial loan fees	(245)	(204)
Net deferred home equity costs	(316)	(345)
Loans net of deferred (fees) costs	298,000	296,241
Allowance for loan losses	3,140	3,035	2,408	2,246
Net loans	294,860	293,206
Commercial Business [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	40,754	32,183
Allowance for loan losses	698	670	493	383
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	132,717	136,036
Allowance for loan losses	1,156	955	746	706
Construction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	1,593	1,850
Allowance for loan losses	6	7	2	2
Residential Mortgages [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	91,519	93,266
Allowance for loan losses	815	772	600	528
Home Equity Loans And Lines Of Credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, gross	31,346	32,765
Allowance for loan losses	$ 380	$ 390	$ 405	$ 440

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Credit Quality of Loans and Provision and Allowance for Loan Losses (Tables)

3 Months Ended

Sep. 30, 2012

Credit Quality of Loans and Provision and Allowance For Loan Losses [Abstract]

Loans Receivable, Net Components [Table Text Block]

	September 30,		June 30,
	2012		2012
		(In thousands)
Commercial business	$              40,754		$               32,183
Commercial real estate	132,717		136,036
Construction	1,593		1,850
Residential mortgage	91,519		93,266
Home equity loans and lines of credit	31,346		32,765
Loans	297,929		296,100
Net deferred commercial loan fees	(245)		(204)
Net deferred home equity costs	316		345
Loans net of deferred (fees) costs	298,000		296,241
Allowance for loan losses	3,140		3,035
Total loans, net	$           294,860		$           293,206

Loan Portfolio, Summarized By Rating [Table Text Block]

September 30, 2012:		Special
	Pass	Mention	Substandard	Doubtful	Total
(In thousands)
Commercial business	$         37,664	$                  -	$           3,090	$                  -	$         40,754
Commercial real estate	122,852	3,616	6,249	-	132,717
Construction	1,593	-	-	-	1,593
Residential mortgage	89,457	-	2,062	-	91,519
Home equity loans and lines of credit	31,238	75	33	-	31,346
Total	$       282,804	$              3,691	$         11,434	$                  -	$       297,929
June 30, 2012:		Special
	Pass	Mention	Substandard	Doubtful	Total
(In thousands)
Commercial business	$         28,785	$                  -	$           3,398	$                  -	$         32,183
Commercial real estate	129,409	184	6,443	-	136,036
Construction	1,850	-	-	-	1,850
Residential mortgage	91,320	-	1,946	-	93,266
Home equity loans and lines of credit	32,657	75	33	-	32,765
Total	$       284,021	$              259	$         11,820	$                  -	$       296,100

Past Due Financing Receivables [Table Text Block]

September 30, 2012:			Over			Total	Total
	31-60 Days	61-90 Days	90 Days	Total		Loans	Non-Accrual
	Past Due	Past Due	Past Due	Past Due	Current	Receivable	Loans
(In thousands)
Commercial business	$             -	$             -	$               -	$             -	$        40,754	$       40,754	$                 -
Commercial real estate	-	-	5,080	5,080	127,637	132,717	5,080
Construction	-	-		-	1,593	1,593
Residential mortgage	179	-	894	1,073	90,446	91,519	891
Home equity loans and lines of credit	349	-	-	349	30,997	31,346	75
Total	$         528	$             -	$         5,974	$       6,502	$      291,427	$     297,929	$          6,046
June 30, 2012:			Over			Total	Total
	31-60 Days	61-90 Days	90 Days	Total		Loans	Non-Accrual
	Past Due	Past Due	Past Due	Past Due	Current	Receivable	Loans
(In thousands)
Commercial business	$             -	$             -	$               -	$             -	$        32,183	$       32,183	$                 -
Commercial real estate	1,520	-	3,560	5,080	130,956	136,036	5,080
Construction	-	-	-	-	1,850	1,850	-
Residential mortgage	-	-	894	894	92,372	93,266	891
Home equity loans and lines of credit	139	-	-	139	32,626	32,765	75
Total	$      1,659	$             -	$         4,454	$       6,113	$      289,987	$     296,100	$          6,046

Schedule of the Allowance For Loan Losses [Table Text Block]

The following table summarizes activity in the allowance for loan losses:

	Three Months Ended
	September 30,
(In thousands)	2012	2011
Balance at beginning of period	$          3,035	$          2,246
Provision for loan losses	112	147
Charge-offs	(8)	-
Recoveries	1	15
Balance at end of period	$          3,140	$          2,408

 

The following tables set forth the activity in and allocation of the allowance for loan losses by loan portfolio class for the periods as listed:

Three Months Ended September 30, 2012
					Home equity
	Commercial	Commercial		Residential	loans and lines
	business	real estate	Construction	mortgage	of credit	Unallocated	Total
(In thousands)
Allowance for loan losses:
Beginning Balance	$                  670	$                955	$                          7	$                772	$                  390	$                241	$              3,035
Charge-offs	-	(8)	-	-	-	-	(8)
Recoveries	-	1	-	-	-	-	1
Provisions	28	208	(1)	43	(10)	(156)	112
Ending balance	$                  698	$             1,156	$                         6	$                815	$                  380	$                  85	$              3,140
Three Months Ended September 30, 2011
					Home equity
	Commercial	Commercial		Residential	loans and lines
	business	real estate	Construction	mortgage	of credit	Unallocated	Total
(In thousands)
Allowance for loan losses:
Beginning Balance	$                  383	$                706	$                         2	$                528	$                  440	$                187	$              2,246
Charge-offs	-	-	-	-	-	-	-
Recoveries	-	-	-	15	-	-	15
Provisions	110	40	-	57	(35)	(25)	147
Ending balance	$                  493	$                746	$                         2	$                600	$                  405	$                162	$              2,408

The following tables present the balance in the allowance for loan losses and the recorded in investment in loans by portfolio class and based on impairment method:

September 30, 2012:					Home equity
	Commercial	Commercial		Residential	loans and lines
	business	real estate	Construction	mortgage	of credit	Unallocated	Total loans
(In thousands)
Allowance for Loan Losses:
Ending allowance balance related to loans:
Individually evaluated for impairment	$                     -	$                     -	$                         -	$                150	$                      -	$                    -	$                150
Collectively evaluated for impairment	698	1,156	6	665	380	85	2,990
Total ending allowance balance	$                 698	$             1,156	$                        6	$                815	$                 380	$                85	$             3,140
Loans:
Ending loan balance
Individually evaluated  for impairment	$                     8	$             6,249	$                        -	$             1,430	$                   33		$             7,720
Collectively evaluated for impairment	40,746	126,468	1,593	90,089	31,313		290,209
Total ending loan balance	$            40,754	$         132,717	$                 1,593	$           91,519	$            31,346		$         297,929
June 30, 2012:					Home equity
	Commercial	Commercial		Residential	loans and lines
	business	real estate	Construction	mortgage	of credit	Unallocated	Total loans
(In thousands)
Allowance for Loan Losses:
Ending allowance balance related to loans:
Individually evaluated for impairment	$                    -	$                    -	$                        -	$                150	$                     -	$                   -	$                150
Collectively evaluated for impairment	670	955	7	622	390	241	2,885
Total ending allowance balance	$                 670	$                955	$                        7	$                772	$                 390	$               241	$             3,035
Loans:
Ending loan balance
Individually evaluated  for impairment	$                     9	$             6,442	$                        -	$             1,434	$                   33		$             7,918
Collectively evaluated for impairment	32,174	129,594	1,850	91,832	32,732		288,182
Total ending loan balance	$            32,183	$         136,036	$                 1,850	$           93,266	$            32,765		$         296,100

Impaired Loans By Loan Portfolio Class [Table Text Block]

		September 30, 2012
	At September 30, 2012			Three Months Ended
		Unpaid		Average	Interest
	Recorded	Principal	Related	Recorded	Income
	Investment	Balance	Allowance	Investment	Recognized
(In thousands)
With No Related Allowance Recorded:
Commercial business	$               8	$               8	$                -	$               8	$                -
Commercial real estate	6,249	6,339	-	6,255	17
Residential mortgage	457	460	-	457	1
Home equity loans and lines of credit	33	33	-	33	-
Total with no allowance recorded	$        6,747	$        6,840	$              -	$        6,753	$             18
With an Allowance Recorded:
Commercial business	$               -	$                -	$                -	$                -	$                -
Commercial real estate	-	-	-	-	-
Residential mortgage	973	973	150	974	9
Home equity loans and lines of credit	-	-	-	-	-
Total with allowance recorded	$           973	$           973	$           150	$           974	$              9
Total:
Commercial business	$               8	$               8	$                -	$               8	$                -
Commercial real estate	6,249	6,339	-	6,255	17
Residential mortgage	1,430	1,433	150	1,431	10
Home equity loans and lines of credit	33	33	-	33	-
Total	$        7,720	$        7,813	$           150	$        7,727	$            27
		June 30, 2012
	At June 30, 2012			For the year ended
		Unpaid		Average	Interest
	Recorded	Principal	Related	Recorded	Income
	Investment	Balance	Allowance	Investment	Recognized
(In thousands)
With No Related Allowance Recorded:
Commercial business loans	$               9	$               9	$                -	$               4	$                -
Commercial real estate	6,442	6,532	-	6,807	380
Residential mortgages	458	461	-	229	10
Home equity loans and lines of credit	33	33	-	17	1
Total with no allowance recorded	$        6,942	$        7,035	$              -	$        7,057	$           391
With an Allowance Recorded:
Commercial business loans	$               -	$                -	$                -	$                -	$                -
Commercial real estate	-	-	-	-	-
Residential mortgages	976	976	150	792	28
Home equity loans and lines of credit	-	-	-	-	-
Total with allowance recorded	$           976	$           976	$           150	$           792	$             28
Total:
Commercial business loans	$               9	$               9	$                -	$               4	$                -
Commercial real estate	6,444	6,339	-	6,255	380
Residential mortgages	1,434	1,437	150	1,021	38
Home equity loans and lines of credit	33	33	-	17	1
Total	$        7,918	$        8,011	$           150	$        7,849	$           419

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Consolidated Statements of Stockholders' Equity and Comprehensive Income (USD $) In Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Unearned ESOP Shares [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Total
Balances, at Jun. 30, 2011	$ 46	$ 44,419	$ (3,425)	$ 39,141	$ 679	$ 80,860
Net income				88		88
Other comprehensive income, net of tax					142	142
Purchase and retirement of Company stock	(2)	(3,607)				(3,609)
Share-based compensation expense		173				173
ESOP shares committed to be released		21	46			67
Balances, at Sep. 30, 2011	44	41,006	(3,379)	39,229	821	77,721
Balances, at Jun. 30, 2012	43	38,695	(3,240)	39,409	808	75,715
Net income				260		260
Other comprehensive income, net of tax					227	227
Purchase and retirement of Company stock	0	(810)				(810)
Share-based compensation expense		235				235
Tax benefit of restricted shares vesting		21				21
ESOP shares committed to be released		23	46		0	69
Balances, at Sep. 30, 2012	$ 43	$ 38,164	$ (3,194)	$ 39,669	$ 1,035	$ 75,717

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Consolidated Statements of Condition (Parenthetical) (USD $) In Thousands, except Share data, unless otherwise specified	Sep. 30, 2012	Jun. 30, 2012
Consolidated Statements of Condition
Held-to-maturity Securities, Fair Value	$ 2,274	$ 2,549
Preferred Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Preferred Stock, Shares Authorized	50,000,000	50,000,000
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Common Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Common Stock, Shares Authorized	100,000,000	100,000,000
Common Stock, Shares, Issued	4,332,634	4,387,050
Common Stock, Shares, Outstanding	4,332,634	4,387,050

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Share Based Compensation

3 Months Ended

Sep. 30, 2012

Share Based Compensation [Abstract]

Share Based Compensation

NOTE 8 — SHARE BASED COMPENSATION

In May 2011, the Company's stockholders approved the OBA Financial Services, Inc. 2011 Equity Incentive Plan ("Plan") which provides for awards of stock options and restricted stock to key officers and outside directors. The cost of the Plan is based on the fair value of the awards on the grant date. The fair value of restricted stock awards is based on the closing price of the Company's stock on the grant date. The fair value of stock options is estimated using a Black-Scholes option pricing model using assumptions for dividend yield, stock price volatility, risk-free interest rate, and option term. These assumptions are based on management's judgments regarding future events, are subjective in nature, and contain uncertainties inherent in an estimate. The cost of the awards are being recognized on a straight-line basis over the five-year vesting period during which participants are required to provide services in exchange for the awards. A portion of the restricted stock award vesting is contingent upon meeting certain company-wide performance goals.

Until such time as awards of stock are granted and vest or options are exercised, shares of the Company's common stock under the Plan shall be authorized but unissued shares. The maximum number of shares authorized under the plan is 648,025. Total share-based compensation expense for the three months ended September 30, 2012 and 2011 was $235 thousand and $173 thousand, respectively.

Stock Options

The table below presents the stock option activity for the period shown:

		Weighted
		average	Remaining
		exercise	contractual
	Options	price	life (years)
Options outstanding at June 30, 2012	272,150	$              14.79
Granted	-	-
Exercised	-	-
Forfeited	-	-
Expired	-	-
Options outstanding at September 30, 2012	272,150	$             14.79	8.8

As of September 30, 2012, the Company had $748 thousand of unrecognized compensation costs related to stock options. The cost of stock options will be amortized in equal annual installments over the five-year vesting period. There were 54,430 options vested during the three months ended September 30, 2012. Stock option expense for the three months ended September 30, 2012 and 2011 was $50 thousand and $35 thousand, respectively.  

Restricted Stock Awards

Restricted stock awards are accounted for as fixed grants using the fair value of the Company's stock at the time of grant. Unvested restricted stock awards may not be disposed of or transferred during the vesting period. Restricted stock awards carry with them the right to receive dividends.

The table below presents the restricted stock award activity for the period shown:

	Service-Based	Weighted	Performance-Based	Weighted	Total	Weighted
	Restricted	average	Restricted	average	Restricted	average
	stock	grant date	stock	grant date	stock	grant date
	awards	fair value	awards	fair value	awards	fair value
Non-vested at June 30, 2012	136,363	$         14.77	111,090	$         14.81	247,453	$         14.79
Granted	-	-	-	-	-	-
Vested	27,267	14.77	22,218	14.81	49,485	14.79
Forfeited	-	-	-	-	-	-
Non-vested at September 30, 2012	109,096	$            14.77	88,872	$            14.81	197,968	$            14.79

As of September 30, 2012, the Company had $2.8 million of unrecognized compensation cost related to restricted stock awards. The cost of the restricted stock awards will be amortized in equal annual installments over the five-year vesting period. The vesting of the performance-based stock awards is contingent upon meeting certain company-wide performance goals. If such goals are not met, no compensation cost is recognized and any recognized compensation cost is reversed. Restricted stock expense for the three months ended September 30, 2012 and 2011 was $185 thousand and $138 thousand, respectively.

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Document and Entity Information	3 Months Ended
	Sep. 30, 2012	Nov. 08, 2012
Document and Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2012
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2013
Entity Registrant Name	OBA Financial Services, Inc.
Entity Central Index Key	0001471088
Current Fiscal Year End Date	--06-30
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		4,332,634

XML

Earnings Per Share

3 Months Ended

Sep. 30, 2012

Earnings Per Share [Abstract]

Earnings Per Share

NOTE 9 — EARNINGS PER SHARE

Basic earnings per share is computed by dividing income available to common shareholders by the weighted average number of common shares outstanding for the period exclusive of unallocated ESOP shares and unvested restricted stock. Stock options and unvested restricted stock are regarded as potential common stock and are considered in the diluted earnings per share calculations to the extent they would have a dilutive effect if converted to common stock, computed using the Treasury Stock method. The table below sets forth the dilutive effect of the stock options and unvested restricted shares.

	Three Months Ended
	September 30
(Dollars in thousands, except share data)	2012	2011
Net income	$               260	$                 88
Weighted average number of shares used in:
Basic earnings per share	3,825,224	4,193,848
Diluted common stock equivalents:
Restricted stock and stock options	56,722	33
Diluted earnings per share	3,881,946	4,193,881
Net income per common share, basic	$              0.07	$              0.02
Net income per common share, diluted	$              0.07	$              0.02

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Consolidated Statements of Income (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended
	Sep. 30, 2012	Sep. 30, 2011
Interest and Dividend Income:
Loans receivable, including fees	$ 3,601	$ 3,768
Investment securities: Interest - taxable	270	282
Investment securities: Dividends	7	5
Federal funds sold	14	29
Total interest and dividend income	3,892	4,084
Interest Expense:
Deposits	352	756
Federal Home Loan Bank advances	238	291
Securities sold under agreements to repurchase	47	63
Total interest expense	637	1,110
Net interest income	3,255	2,974
Less provision for loan losses	112	147
Net interest income after provision for loan losses	3,143	2,827
Non-Interest Income:
Customer service fees	90	91
Loan servicing fees	5	9
Bank owned life insurance income	73	75
Net gains	0	6
Other non-interest income	32	30
Total non-interest income	200	211
Non-Interest Expense:
Salaries and employee benefits	1,770	1,738
Occupancy and equipment	388	386
Data processing	197	177
Directors' fees	94	80
FDIC assessments	69	67
Other non-interest expense	403	488
Total non-interest expense	2,921	2,936
Income before income taxes	422	102
Income tax expense	162	14
Net income	$ 260	$ 88
Basic earnings per share	$ 0.07	$ 0.02
Diluted earnings per share	$ 0.07	$ 0.02
Basic weighted average shares outstanding	3,825,224	4,193,848
Diluted weighted average shares outstanding	3,881,946	4,193,881

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Securities

3 Months Ended

Sep. 30, 2012

Securities [Abstract]

Securities

NOTE 3 — SECURITIES

The amortized cost and fair value of securities with gross unrealized gains and losses are as follows:

		Gross		Gross
	Amortized	Unrealized		Unrealized	Fair
	Cost	Gains		Losses	Value
			(In thousands)
September 30, 2012
Securities available for sale:
Debt Securities:
Residential mortgage-backed securities (1)	$      46,452	$       1,728		$          (20)	$      48,160
Trust preferred securities	66	-		(12)	54
Total debt securities available for sale	46,518	1,728		(32)	48,214
Equity Securities	50	-		-	50
Total securities available for sale	46,568	1,728		(32)	48,264
Securities held to maturity:
Debt Securities:
Residential mortgage-backed securities (1)	2,115	159		-	2,274
Total debt securities held to maturity	2,115	159		-	2,274
Total investment securities	$      48,683	$       1,887		$          (32)	$      50,538
June 30, 2012
Securities available for sale:
Debt Securities:
Residential mortgage-backed securities (1)	$      33,010	$       1,340		$               -	$      34,350
Trust preferred securities	70	-		(16)	54
Total debt securities available for sale	33,080	1,340		(16)	34,404
Equity Securities	50	-		-	50
Total securities available for sale	33,130	1,340		(16)	34,454
Securities held to maturity:
Debt Securities:
Residential mortgage-backed securities (1)	2,396	153		-	2,549
Total debt securities held to maturity	2,396	153		-	2,549
Total investment securities	$      35,526	$       1,493		$          (16)	$      37,003

(1)All residential mortgage-backed securities were issued by United States government agencies including the Federal National Mortgage Association, Federal Home Loan Mortgage Corporation, or Government National Mortgage Association. The Company had no private label residential mortgage-backed securities at September 30, 2012 and June 30, 2012.

 

The amortized cost and fair value of debt securities by contractual maturity at September 30, 2012 are as follows:

	Available for sale			Held to Maturity
	Amortized	Fair		Amortized	Fair
	Cost	Value		Cost	Value
			(In thousands)
Due after ten years	$              66	$           54		$                 -	$              -
Residential mortgage-backed securities	46,452	48,160		2,115	2,274
Total	$       46,518	$    48,214		$         2,115	$      2,274

At September 30, 2012 and June 30, 2012, the market value of securities securing dealer and customer repurchase agreements was $16.9 million and $20.8 million, respectively.

Information pertaining to securities with gross unrealized losses at the dates listed aggregated by investment category and length of time that individual securities have been in a continuous loss position, are as follows:

	Less than 12 Months		12 Months or More			Total
	Gross		Gross			Gross
	Unrealized	Fair	Unrealized		Fair	Unrealized	Fair
	Losses	Value	Losses		Value	Losses	Value
				(In thousands)
September 30, 2012
Residential mortgage backed securities	$           20	$    5,959	$            -		$          -	$           20	$    5,959
Trust preferred security	-	-	12		54	12	54
Total	$           20	$    5,959	$          12		$       54	$           32	$    6,013
June 30, 2012
Residential mortgage backed securities	$              -	$            -	$            -		$          -	$              -	$            -
Trust preferred security	-	-	16		54	16	54
Total	$              -	$            -	$          16		$       54	$           16	$         54

At September 30, 2012, all residential mortgage backed securities and their contractual cash flows were guaranteed by U.S. Government Agencies; FNMA, FHLMC, and GNMA. The Company's sole trust preferred security is a variable rate pool of trust preferred securities issued by insurance companies or their holding companies. These positions and the related unrealized losses are not material to the Company's consolidated financial position or results of operations. The decline in the fair value of the pooled trust preferred security has been primarily caused by collateral deterioration due to failures and credit concerns across the financial services sector, the widening of credit spreads for asset-backed securities, and general illiquidity and inactivity in the market for these securities. The decline in the residential mortgage backed securities has been primarily caused by the movement in market interest rates. The Company has no intent or requirement to sell these securities.

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Comprehensive Income

3 Months Ended

Sep. 30, 2012

Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest [Abstract]

Comprehensive Income (Loss) Note [Text Block]

NOTE 2 — COMPREHENSIVE INCOME

U.S. GAAP requires that recognized revenue, expenses, gains, and losses be included in net income. Although certain changes in assets and liabilities, such as unrealized gains and losses on available for sale securities, are reported as a separate component of the equity section of the Consolidated Statement of Condition, such items, along with net income, are components of comprehensive income. The components of other comprehensive income and related tax effects are as follows:

	Three Months Ended
	September 30,
	2012		2011
		(In thousands)
Unrealized gains on available for sale securities	$          372		$          233
Tax effect	145		91
Net of tax amount	$          227		$          142

Accumulated other comprehensive income consists of the following:

	September 30,		June 30,
	2012		2012
		(In thousands)
Unrealized gains on available for sale securities	$              1,696		$              1,324
Tax effect	(661)		(516)
Total	$               1,035		$                  808

XML

Securities (Tables)

3 Months Ended

Sep. 30, 2012

Securities [Abstract]

Schedule of Available-for-sale And Held-to-maturity Securities Reconciliation [Table Text Block]

		Gross		Gross
	Amortized	Unrealized		Unrealized	Fair
	Cost	Gains		Losses	Value
			(In thousands)
September 30, 2012
Securities available for sale:
Debt Securities:
Residential mortgage-backed securities (1)	$      46,452	$       1,728		$          (20)	$      48,160
Trust preferred securities	66	-		(12)	54
Total debt securities available for sale	46,518	1,728		(32)	48,214
Equity Securities	50	-		-	50
Total securities available for sale	46,568	1,728		(32)	48,264
Securities held to maturity:
Debt Securities:
Residential mortgage-backed securities (1)	2,115	159		-	2,274
Total debt securities held to maturity	2,115	159		-	2,274
Total investment securities	$      48,683	$       1,887		$          (32)	$      50,538
June 30, 2012
Securities available for sale:
Debt Securities:
Residential mortgage-backed securities (1)	$      33,010	$       1,340		$               -	$      34,350
Trust preferred securities	70	-		(16)	54
Total debt securities available for sale	33,080	1,340		(16)	34,404
Equity Securities	50	-		-	50
Total securities available for sale	33,130	1,340		(16)	34,454
Securities held to maturity:
Debt Securities:
Residential mortgage-backed securities (1)	2,396	153		-	2,549
Total debt securities held to maturity	2,396	153		-	2,549
Total investment securities	$      35,526	$       1,493		$          (16)	$      37,003

(1)All residential mortgage-backed securities were issued by United States government agencies including the Federal National Mortgage Association, Federal Home Loan Mortgage Corporation, or Government National Mortgage Association. The Company had no private label residential mortgage-backed securities at September 30, 2012 and June 30, 2012.

Investments Classified by Contractual Maturity Date [Table Text Block]

	Available for sale			Held to Maturity
	Amortized	Fair		Amortized	Fair
	Cost	Value		Cost	Value
			(In thousands)
Due after ten years	$              66	$           54		$                 -	$              -
Residential mortgage-backed securities	46,452	48,160		2,115	2,274
Total	$       46,518	$    48,214		$         2,115	$      2,274

Schedule of Unrealized Loss on Investments [Table Text Block]

	Less than 12 Months		12 Months or More			Total
	Gross		Gross			Gross
	Unrealized	Fair	Unrealized		Fair	Unrealized	Fair
	Losses	Value	Losses		Value	Losses	Value
				(In thousands)
September 30, 2012
Residential mortgage backed securities	$           20	$    5,959	$            -		$          -	$           20	$    5,959
Trust preferred security	-	-	12		54	12	54
Total	$           20	$    5,959	$          12		$       54	$           32	$    6,013
June 30, 2012
Residential mortgage backed securities	$              -	$            -	$            -		$          -	$              -	$            -
Trust preferred security	-	-	16		54	16	54
Total	$              -	$            -	$          16		$       54	$           16	$         54

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Summary of Significant Accounting Policies (Policy)

3 Months Ended

Sep. 30, 2012

Summary of Significant Accounting Policies [Abstract]

Business Description and Accounting Policies [Text Block]

Organization and Nature of Business

OBA Bank (the "Bank") is a community-oriented banking institution providing a variety of financial services to individuals and small businesses through its offices in Montgomery, Anne Arundel, and Howard Counties, Maryland. Its primary deposits are checking, money market, and time certificate accounts and its primary lending products are commercial mortgage and commercial business loans and residential mortgage loans.

In December 2007, the Bank reorganized into a three-tier mutual holding company structure. As part of the reorganization, the Bank converted from a mutual savings bank into a federally chartered stock savings bank and formed OBA Bancorp, Inc., a federally chartered mid-tier stock holding company, and OBA Bancorp, MHC, a federally chartered mutual holding company. The Bank became a wholly-owned subsidiary of OBA Bancorp, Inc. and OBA Bancorp, Inc. became a wholly-owned subsidiary of OBA Bancorp, MHC.

On January 21, 2010, OBA Bancorp, MHC completed its plan of conversion and reorganization from a mutual holding company to a stock holding company. In accordance with the plan, OBA Bancorp, MHC and OBA Bancorp, Inc. ceased to exist and a newly formed stock holding company, OBA Financial Services, Inc. (of which OBA Bank became a wholly owned subsidiary) sold and issued shares of capital stock to eligible depositors of OBA Bank.  OBA Financial Services, Inc.'s common stock trades on the NASDAQ Capital Market under the symbol "OBAF" on January 22, 2010.

In accordance with applicable regulations of at the time of the conversion from a mutual holding company to a stock holding company, the Bank substantially restricted retained earnings by establishing a liquidation account. The liquidation account is maintained for the benefit of eligible account holders who keep their accounts at the Bank after conversion. The liquidation account is reduced annually to the extent that eligible account holders have reduced their qualifying deposits. Subsequent increases will not restore an eligible account holder's interest in the liquidation account. In the event of a complete liquidation of the Bank, and only in such event, each account holder will be entitled to receive a distribution from the liquidation account in an amount proportionate to the adjusted qualifying account balances then held. The Bank may not pay dividends if those dividends would reduce equity capital below the required liquidation account amount.

Basis of Accounting, Policy [Policy Text Block]

Basis of Presentation

The consolidated financial statements include the accounts of OBA Financial Services Inc., and OBA Bank. All significant intercompany accounts and transactions have been eliminated in consolidation.

The accompanying unaudited consolidated financial statements have been prepared in accordance with U.S. GAAP for interim financial information and are presented in accordance with instructions for Form 10-Q and Rule 10-01 of the SEC Regulation S-X. Accordingly, they do not include all of the information and notes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments considered necessary for a fair presentation are of a normal and recurring nature and have been included.

Operating results for the three months ended September 30, 2012, are not necessarily indicative of the results that may be expected for the fiscal year ending June 30, 2013 or any other interim period. The consolidated financial statements presented in this report should be read in conjunction with the audited consolidated financial statements and the accompanying notes filed on Form 10-K for the fiscal year ended June 30, 2012.

In preparing the accompanying consolidated financial statements, the Company has evaluated subsequent events through the financial statement issue date. There were no subsequent events identified by the Company as a result of the evaluation that require recognition or disclosure in the consolidated financial statements.

Use of Estimates [Policy Text Block]

Use of Estimates

In preparing the consolidated financial statements in conformity with U.S. GAAP, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the Consolidated Statement of Condition and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly sensitive to change in the near term relates to the determination of the allowance for loan losses, values related to the share-based incentive plans, and other than temporary impairment of investment securities.

Loans Receivable [Policy Text Block]

Various Bank policies, consistent with regulatory guidelines, provide for the classification of loans and other assets that are considered to be of lesser quality as substandard, doubtful, or loss assets. A loan is considered substandard if it is inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Substandard loans include those loans characterized by the distinct possibility that the Bank will sustain some loss if the deficiencies are not corrected. Loans classified as doubtful have all of the weaknesses inherent in those classified substandard with the added characteristic that the weaknesses present make collection or liquidation in full, on the basis of currently existing facts, conditions and values, highly questionable and improbable. Loans, or portions of loans, classified as loss are those considered uncollectible and of such little value that their continuance as an loan is not warranted. Since such loans are written off in full, the Bank will not have any such loans classified as loss at the end of a reporting period. Loans that do not expose the Bank to risk sufficient to warrant classification in one of the aforementioned categories, but which possess potential weaknesses that deserve close attention, are required to be designated as Special Mention.

The Bank maintains an allowance for loan losses at an amount estimated to equal all credit losses incurred in the loan portfolio that are both probable and reasonably estimable at the statement of condition date. The Bank's determination as to the classification of loans is subject to review by the Bank's primary federal regulator, the Office of the Comptroller of the Currency ("OCC"). The Bank regularly reviews the loan portfolio to determine whether any loans require classification in accordance with applicable regulations.

Management evaluates the allowance for loan losses based upon the combined total of the specific, general, and unallocated components as discussed below. Generally, when the loan portfolio increases, absent other factors, the allowance for loan loss methodology results in a higher dollar amount of estimated probable losses than would be the case without the increase. Generally, when the loan portfolio decreases, absent other factors, the allowance for loan loss methodology results in a lower dollar amount of estimated probable losses than would be the case without the decrease.

Commercial real estate loans generally have greater credit risk compared to residential mortgage loans, as they typically involve larger loan balances concentrated with single borrowers or groups of related borrowers. In addition, the payment expectations on loans secured by income-producing properties typically depend on the successful operation of the related business and thus may be subject to a greater extent to adverse conditions in the real estate market and in the general economy.

Commercial business loans generally have greater credit risk compared to residential mortgage loans, as they typically involve larger loan balances concentrated with single borrowers or groups of related borrowers. In addition, the payment expectations on commercial business loans typically depend on the successful operation of the related business and thus may be subject to a greater extent to adverse conditions in the real estate market and in the general economy.

Generally, the Bank underwrites commercial real estate loans at a loan-to-value ratio of 75% or less and residential mortgage loans at a loan-to-value ratio not exceeding 80%. In the event that a loan becomes past due, management will conduct visual inspections of collateral properties and/or review publicly available information, such as online databases, to estimate property values. The Bank may request a formal third party appraisal for various reasons including, but not limited to, age of previous appraisal, changes in market condition, and changes in borrower's condition. In addition, changes in the appraised value of properties securing loans can result in an increase or decrease in the general allowance for loan losses as an adjustment to the historical loss experience due to qualitative and environmental factors.

The loan portfolio is evaluated on a quarterly basis and the allowance is adjusted accordingly. While the best information available is used to make evaluations, future adjustments to the allowance may be necessary if conditions differ substantially from the information used in making the evaluations. In addition, as an integral part of their examination process, the OCC will periodically review the allowance for loan losses. The OCC may require the Bank to recognize additions to the allowance based on its analysis of information available at the time of the examination.

Allowance for Loan Losses [Policy Text Block]

The Bank provides for loan losses based upon the consistent application of the documented allowance for loan loss methodology. All loan losses are charged to the allowance for loan losses and all recoveries are credited to the same. Additions to the allowance for loan losses are provided by charges to income based on various factors which, in Management's judgment, deserve current recognition in estimating probable losses. Management regularly reviews the loan portfolio and makes provisions for loan losses in order to maintain the allowance for loan losses in accordance with U.S. GAAP. The Bank considers residential mortgage loans and home equity loans and lines of credit as small, homogeneous loans, which are evaluated for impairment collectively based on historical loss experience. Commercial real estate and commercial business loans are reviewed individually. Loans are considered impaired if the probability exists that the Bank will be unable to collect contractually obligated principal and interest cash flows. The allowance for loan losses consists primarily of three components:

(1)      specific allowances established for impaired loans (as defined by U.S. GAAP). For a non-collateral dependent loan, the amount of impairment, if any, is estimated as the difference between the estimated present value based on Management's assumptions regarding future cash flows and discounted at the loans original yield, and the carrying value of the loan. Impaired loans for which the estimated present value of the loan exceeds the carrying value of the loan do not reduce specific allowances;

(2)      general allowances established for loan losses on a portfolio basis for loans that do not meet the definition of impaired loans. The portfolio is grouped into similar risk characteristics, primarily loan type. The Bank applies an estimated loss rate to each loan group. The loss rates applied are based upon loss experience adjusted, as appropriate, for the environmental factors discussed below. This evaluation is inherently subjective, as it requires material estimates that may be susceptible to significant revisions based upon changes in economic and real estate market conditions; and

(3)      unallocated allowances established to provide for probable losses that have been incurred as of the reporting date but are not reflected in the allocated allowance.

Actual loan losses may be significantly more than the allowance for loan losses established, which could have a material negative effect on financial results.

The adjustments to historical loss experience are based on Management's evaluation of several qualitative and environmental factors, including, but not limited to:

•      changes in any concentration of credit (including, but not limited to, concentrations by geography, industry, or collateral type);

•      changes in the number and amount of non-accrual loans, watch list loans, and past due loans;

•      changes in national, state, and local economic trends;

•      changes to other external influences including, but not limited to, legal, accounting, peer, and regulatory changes;

•      changes in the types of loans in the loan portfolio;

•      changes in the experience and ability of personnel and management in the loan origination and loan servicing departments;

•      changes in the value of underlying collateral for collateral dependent loans;

•      changes in lending strategies; and

•      changes in lending policies and procedures.

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Guarantees

3 Months Ended

Sep. 30, 2012

Legal Contingencies [Abstract]

Commitments and Contingencies Disclosure [Text Block]

NOTE 6 — GUARANTEES

          The Company has not issued any guarantees that would require liability recognition or disclosure other than its letters of credit. Letters of credit are conditional commitments issued by the Company to guarantee the performance of a customer to a third party. Generally, letters of credit, when issued, have expiration dates within one year. The credit risks involved in issuing letters of credit are essentially the same as those that are involved in extending loan facilities to customers. The Company generally holds collateral and/or personal guarantees supporting these commitments. As of September 30, 2012, the Company had $548 thousand of outstanding letters of credit. Management believes the proceeds obtained through a liquidation of collateral and the enforcement of guarantees would be sufficient to cover the potential amount of future payments required under the corresponding guarantees. Management believes the current amount of the liability as of September 30, 2012 for guarantees under letters of credit issued is not material.

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Credit Quality of Loans and Provision and Allowance for Loan Losses

3 Months Ended

Sep. 30, 2012

Credit Quality of Loans and Provision and Allowance For Loan Losses [Abstract]

Credit Quality of Loans and Provision and Allowance for Loan Losses

NOTE 4 — CREDIT QUALITY OF LOANS AND ALLOWANCE FOR LOAN LOSSES

Various Bank policies, consistent with regulatory guidelines, provide for the classification of loans and other assets that are considered to be of lesser quality as substandard, doubtful, or loss assets. A loan is considered substandard if it is inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Substandard loans include those loans characterized by the distinct possibility that the Bank will sustain some loss if the deficiencies are not corrected. Loans classified as doubtful have all of the weaknesses inherent in those classified substandard with the added characteristic that the weaknesses present make collection or liquidation in full, on the basis of currently existing facts, conditions and values, highly questionable and improbable. Loans, or portions of loans, classified as loss are those considered uncollectible and of such little value that their continuance as an loan is not warranted. Since such loans are written off in full, the Bank will not have any such loans classified as loss at the end of a reporting period. Loans that do not expose the Bank to risk sufficient to warrant classification in one of the aforementioned categories, but which possess potential weaknesses that deserve close attention, are required to be designated as Special Mention.

The Bank maintains an allowance for loan losses at an amount estimated to equal all credit losses incurred in the loan portfolio that are both probable and reasonably estimable at the statement of condition date. The Bank's determination as to the classification of loans is subject to review by the Bank's primary federal regulator, the Office of the Comptroller of the Currency ("OCC"). The Bank regularly reviews the loan portfolio to determine whether any loans require classification in accordance with applicable regulations.

Management evaluates the allowance for loan losses based upon the combined total of the specific, general, and unallocated components as discussed below. Generally, when the loan portfolio increases, absent other factors, the allowance for loan loss methodology results in a higher dollar amount of estimated probable losses than would be the case without the increase. Generally, when the loan portfolio decreases, absent other factors, the allowance for loan loss methodology results in a lower dollar amount of estimated probable losses than would be the case without the decrease.

Commercial real estate loans generally have greater credit risk compared to residential mortgage loans, as they typically involve larger loan balances concentrated with single borrowers or groups of related borrowers. In addition, the payment expectations on loans secured by income-producing properties typically depend on the successful operation of the related business and thus may be subject to a greater extent to adverse conditions in the real estate market and in the general economy.

Commercial business loans generally have greater credit risk compared to residential mortgage loans, as they typically involve larger loan balances concentrated with single borrowers or groups of related borrowers. In addition, the payment expectations on commercial business loans typically depend on the successful operation of the related business and thus may be subject to a greater extent to adverse conditions in the real estate market and in the general economy.

Generally, the Bank underwrites commercial real estate loans at a loan-to-value ratio of 75% or less and residential mortgage loans at a loan-to-value ratio not exceeding 80%. In the event that a loan becomes past due, management will conduct visual inspections of collateral properties and/or review publicly available information, such as online databases, to estimate property values. The Bank may request a formal third party appraisal for various reasons including, but not limited to, age of previous appraisal, changes in market condition, and changes in borrower's condition. In addition, changes in the appraised value of properties securing loans can result in an increase or decrease in the general allowance for loan losses as an adjustment to the historical loss experience due to qualitative and environmental factors.

The loan portfolio is evaluated on a quarterly basis and the allowance is adjusted accordingly. While the best information available is used to make evaluations, future adjustments to the allowance may be necessary if conditions differ substantially from the information used in making the evaluations. In addition, as an integral part of their examination process, the OCC will periodically review the allowance for loan losses. The OCC may require the Bank to recognize additions to the allowance based on its analysis of information available at the time of the examination.

The classes of loans are as follows:

	September 30,		June 30,
	2012		2012
		(In thousands)
Commercial business	$              40,754		$               32,183
Commercial real estate	132,717		136,036
Construction	1,593		1,850
Residential mortgage	91,519		93,266
Home equity loans and lines of credit	31,346		32,765
Loans	297,929		296,100
Net deferred commercial loan fees	(245)		(204)
Net deferred home equity costs	316		345
Loans net of deferred (fees) costs	298,000		296,241
Allowance for loan losses	3,140		3,035
Total loans, net	$           294,860		$           293,206

The following tables present the classes of the loan portfolio summarized by loan rating within the Bank's internal risk rating system:

September 30, 2012:		Special
	Pass	Mention	Substandard	Doubtful	Total
(In thousands)
Commercial business	$         37,664	$                  -	$           3,090	$                  -	$         40,754
Commercial real estate	122,852	3,616	6,249	-	132,717
Construction	1,593	-	-	-	1,593
Residential mortgage	89,457	-	2,062	-	91,519
Home equity loans and lines of credit	31,238	75	33	-	31,346
Total	$       282,804	$              3,691	$         11,434	$                  -	$       297,929
June 30, 2012:		Special
	Pass	Mention	Substandard	Doubtful	Total
(In thousands)
Commercial business	$         28,785	$                  -	$           3,398	$                  -	$         32,183
Commercial real estate	129,409	184	6,443	-	136,036
Construction	1,850	-	-	-	1,850
Residential mortgage	91,320	-	1,946	-	93,266
Home equity loans and lines of credit	32,657	75	33	-	32,765
Total	$       284,021	$              259	$         11,820	$                  -	$       296,100

Loans are generally placed on non-accrual status when payment of principal or interest is 90 days or more delinquent. Loans are generally placed on non-accrual status if collection of principal or interest, in full, is in doubt. When loans are placed on a non-accrual status, unpaid accrued interest is fully reversed and further income is recognized only when full repayment of the loan is complete or the loan returns to accrual status, at which point income is recognized to the extent received. The loan may be returned to accrual status if both principal and interest payments are brought current, there has been a period of sustained performance (generally, six months), and full payment of principal and interest is expected.

The performance and credit quality of the loan portfolio is also monitored by analyzing the age of the loans receivable as determined by the length of time a recorded payment is past due.

The following tables present the classes of the loan portfolio summarized by the past due and non-accrual status:

September 30, 2012:			Over			Total	Total
	31-60 Days	61-90 Days	90 Days	Total		Loans	Non-Accrual
	Past Due	Past Due	Past Due	Past Due	Current	Receivable	Loans
(In thousands)
Commercial business	$             -	$             -	$               -	$             -	$        40,754	$       40,754	$                 -
Commercial real estate	-	-	5,080	5,080	127,637	132,717	5,080
Construction	-	-		-	1,593	1,593
Residential mortgage	179	-	894	1,073	90,446	91,519	891
Home equity loans and lines of credit	349	-	-	349	30,997	31,346	75
Total	$         528	$             -	$         5,974	$       6,502	$      291,427	$     297,929	$          6,046
June 30, 2012:			Over			Total	Total
	31-60 Days	61-90 Days	90 Days	Total		Loans	Non-Accrual
	Past Due	Past Due	Past Due	Past Due	Current	Receivable	Loans
(In thousands)
Commercial business	$             -	$             -	$               -	$             -	$        32,183	$       32,183	$                 -
Commercial real estate	1,520	-	3,560	5,080	130,956	136,036	5,080
Construction	-	-	-	-	1,850	1,850	-
Residential mortgage	-	-	894	894	92,372	93,266	891
Home equity loans and lines of credit	139	-	-	139	32,626	32,765	75
Total	$      1,659	$             -	$         4,454	$       6,113	$      289,987	$     296,100	$          6,046

There are no loans 90 days and over past due that are still accruing at the dates indicated.

The Bank provides for loan losses based upon the consistent application of the documented allowance for loan loss methodology. All loan losses are charged to the allowance for loan losses and all recoveries are credited to the same. Additions to the allowance for loan losses are provided by charges to income based on various factors which, in Management's judgment, deserve current recognition in estimating probable losses. Management regularly reviews the loan portfolio and makes provisions for loan losses in order to maintain the allowance for loan losses in accordance with U.S. GAAP. The Bank considers residential mortgage loans and home equity loans and lines of credit as small, homogeneous loans, which are evaluated for impairment collectively based on historical loss experience. Commercial real estate and commercial business loans are reviewed individually. Loans are considered impaired if the probability exists that the Bank will be unable to collect contractually obligated principal and interest cash flows. The allowance for loan losses consists primarily of three components:

(1)      specific allowances established for impaired loans (as defined by U.S. GAAP). For a non-collateral dependent loan, the amount of impairment, if any, is estimated as the difference between the estimated present value based on Management's assumptions regarding future cash flows and discounted at the loans original yield, and the carrying value of the loan. Impaired loans for which the estimated present value of the loan exceeds the carrying value of the loan do not reduce specific allowances;

(2)      general allowances established for loan losses on a portfolio basis for loans that do not meet the definition of impaired loans. The portfolio is grouped into similar risk characteristics, primarily loan type. The Bank applies an estimated loss rate to each loan group. The loss rates applied are based upon loss experience adjusted, as appropriate, for the environmental factors discussed below. This evaluation is inherently subjective, as it requires material estimates that may be susceptible to significant revisions based upon changes in economic and real estate market conditions; and

(3)      unallocated allowances established to provide for probable losses that have been incurred as of the reporting date but are not reflected in the allocated allowance.

Actual loan losses may be significantly more than the allowance for loan losses established, which could have a material negative effect on financial results.

The adjustments to historical loss experience are based on Management's evaluation of several qualitative and environmental factors, including, but not limited to:

•      changes in any concentration of credit (including, but not limited to, concentrations by geography, industry, or collateral type);

•      changes in the number and amount of non-accrual loans, watch list loans, and past due loans;

•      changes in national, state, and local economic trends;

•      changes to other external influences including, but not limited to, legal, accounting, peer, and regulatory changes;

•      changes in the types of loans in the loan portfolio;

•      changes in the experience and ability of personnel and management in the loan origination and loan servicing departments;

•      changes in the value of underlying collateral for collateral dependent loans;

•      changes in lending strategies; and

•      changes in lending policies and procedures.

The following table summarizes activity in the allowance for loan losses:

	Three Months Ended
	September 30,
(In thousands)	2012	2011
Balance at beginning of period	$          3,035	$          2,246
Provision for loan losses	112	147
Charge-offs	(8)	-
Recoveries	1	15
Balance at end of period	$          3,140	$          2,408

 

The following tables set forth the activity in and allocation of the allowance for loan losses by loan portfolio class for the periods as listed:

Three Months Ended September 30, 2012
					Home equity
	Commercial	Commercial		Residential	loans and lines
	business	real estate	Construction	mortgage	of credit	Unallocated	Total
(In thousands)
Allowance for loan losses:
Beginning Balance	$                  670	$                955	$                          7	$                772	$                  390	$                241	$              3,035
Charge-offs	-	(8)	-	-	-	-	(8)
Recoveries	-	1	-	-	-	-	1
Provisions	28	208	(1)	43	(10)	(156)	112
Ending balance	$                  698	$             1,156	$                         6	$                815	$                  380	$                  85	$              3,140
Three Months Ended September 30, 2011
					Home equity
	Commercial	Commercial		Residential	loans and lines
	business	real estate	Construction	mortgage	of credit	Unallocated	Total
(In thousands)
Allowance for loan losses:
Beginning Balance	$                  383	$                706	$                         2	$                528	$                  440	$                187	$              2,246
Charge-offs	-	-	-	-	-	-	-
Recoveries	-	-	-	15	-	-	15
Provisions	110	40	-	57	(35)	(25)	147
Ending balance	$                  493	$                746	$                         2	$                600	$                  405	$                162	$              2,408

The following tables present the balance in the allowance for loan losses and the recorded in investment in loans by portfolio class and based on impairment method:

September 30, 2012:					Home equity
	Commercial	Commercial		Residential	loans and lines
	business	real estate	Construction	mortgage	of credit	Unallocated	Total loans
(In thousands)
Allowance for Loan Losses:
Ending allowance balance related to loans:
Individually evaluated for impairment	$                     -	$                     -	$                         -	$                150	$                      -	$                    -	$                150
Collectively evaluated for impairment	698	1,156	6	665	380	85	2,990
Total ending allowance balance	$                 698	$             1,156	$                        6	$                815	$                 380	$                85	$             3,140
Loans:
Ending loan balance
Individually evaluated  for impairment	$                     8	$             6,249	$                        -	$             1,430	$                   33		$             7,720
Collectively evaluated for impairment	40,746	126,468	1,593	90,089	31,313		290,209
Total ending loan balance	$            40,754	$         132,717	$                 1,593	$           91,519	$            31,346		$         297,929
June 30, 2012:					Home equity
	Commercial	Commercial		Residential	loans and lines
	business	real estate	Construction	mortgage	of credit	Unallocated	Total loans
(In thousands)
Allowance for Loan Losses:
Ending allowance balance related to loans:
Individually evaluated for impairment	$                    -	$                    -	$                        -	$                150	$                     -	$                   -	$                150
Collectively evaluated for impairment	670	955	7	622	390	241	2,885
Total ending allowance balance	$                 670	$                955	$                        7	$                772	$                 390	$               241	$             3,035
Loans:
Ending loan balance
Individually evaluated  for impairment	$                     9	$             6,442	$                        -	$             1,434	$                   33		$             7,918
Collectively evaluated for impairment	32,174	129,594	1,850	91,832	32,732		288,182
Total ending loan balance	$            32,183	$         136,036	$                 1,850	$           93,266	$            32,765		$         296,100

The following tables summarize information in regards to impaired loans by portfolio class as of and for the periods ended as listed:

		September 30, 2012
	At September 30, 2012			Three Months Ended
		Unpaid		Average	Interest
	Recorded	Principal	Related	Recorded	Income
	Investment	Balance	Allowance	Investment	Recognized
(In thousands)
With No Related Allowance Recorded:
Commercial business	$               8	$               8	$                -	$               8	$                -
Commercial real estate	6,249	6,339	-	6,255	17
Residential mortgage	457	460	-	457	1
Home equity loans and lines of credit	33	33	-	33	-
Total with no allowance recorded	$        6,747	$        6,840	$              -	$        6,753	$             18
With an Allowance Recorded:
Commercial business	$               -	$                -	$                -	$                -	$                -
Commercial real estate	-	-	-	-	-
Residential mortgage	973	973	150	974	9
Home equity loans and lines of credit	-	-	-	-	-
Total with allowance recorded	$           973	$           973	$           150	$           974	$              9
Total:
Commercial business	$               8	$               8	$                -	$               8	$                -
Commercial real estate	6,249	6,339	-	6,255	17
Residential mortgage	1,430	1,433	150	1,431	10
Home equity loans and lines of credit	33	33	-	33	-
Total	$        7,720	$        7,813	$           150	$        7,727	$            27
		June 30, 2012
	At June 30, 2012			For the year ended
		Unpaid		Average	Interest
	Recorded	Principal	Related	Recorded	Income
	Investment	Balance	Allowance	Investment	Recognized
(In thousands)
With No Related Allowance Recorded:
Commercial business loans	$               9	$               9	$                -	$               4	$                -
Commercial real estate	6,442	6,532	-	6,807	380
Residential mortgages	458	461	-	229	10
Home equity loans and lines of credit	33	33	-	17	1
Total with no allowance recorded	$        6,942	$        7,035	$              -	$        7,057	$           391
With an Allowance Recorded:
Commercial business loans	$               -	$                -	$                -	$                -	$                -
Commercial real estate	-	-	-	-	-
Residential mortgages	976	976	150	792	28
Home equity loans and lines of credit	-	-	-	-	-
Total with allowance recorded	$           976	$           976	$           150	$           792	$             28
Total:
Commercial business loans	$               9	$               9	$                -	$               4	$                -
Commercial real estate	6,444	6,339	-	6,255	380
Residential mortgages	1,434	1,437	150	1,021	38
Home equity loans and lines of credit	33	33	-	17	1
Total	$        7,918	$        8,011	$           150	$        7,849	$           419

The following table presents troubled debt restructurings occurring during the three month period listed below:

		Pre-Modification	Post-Modification
	Number	Outstanding	Outstanding
	of	Recorded	Recorded
September 30, 2011	Contracts	Investments	Investments
(In thousands)
Troubled debt restructurings:
Commercial real estate	1	$             3,198	$             3,198
Total troubled debt restructurings	1	$             3,198	$             3,198

The Bank had no troubled debt restructurings during the three months ended September 30, 2012.

Generally, the Bank does not forgive principal or interest on loans or modify the interest rate on loans to rates that are below market rates based on the risks associated with the modified loans. Loans can be modified to make concessions to help a borrower remain current on the loan and to avoid foreclosure. These troubled debt restructurings include deferrals of interest and/or principal payments and temporary or permanent reductions in interest rates due to financial difficulties of the borrower. During the three months ended September 30, 2012 and 2011, no loans previously classified as troubled debt restructurings subsequently defaulted. 

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Fair Value

3 Months Ended

Sep. 30, 2012

Fair Value [Abstract]

Fair Value

NOTE 5 — FAIR VALUE MEASUREMENTS AND DISCLOSURES

Management uses its best judgment in estimating the fair value of the Company's assets and liabilities; however, there are inherent weaknesses in any estimation technique. Therefore, for substantially all assets and liabilities, the fair value estimates herein are not necessarily indicative of the amounts the Company could have realized in a sale transaction on the dates indicated. The estimated fair value amounts have been measured as of their respective reporting dates and have not been re-evaluated or updated subsequent to those respective dates. As such, the estimated fair values of these assets and liabilities subsequent to the respective reporting dates may be different than the amounts reported at each reporting date. Accounting guidance related to fair value measurements and disclosures establishes a fair value hierarchy that prioritizes the inputs to valuation methods used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The three levels of the fair value hierarchy are as follows:

Level 1:	Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities.
Level 2:	Quoted prices in markets that are not active, or inputs that are observable either directly or indirectly, for substantially the full term of the asset or liability.
Level 3:	Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (i.e., supported with little or no market activity).

An asset or liability's level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. Transfers between fair value hierarchy levels are recognized as of the actual date of the event or change in circumstances that caused the transfer. There were no transfers between fair value hierarchy levels for the three months ended September 30, 2012 or 2011.

For assets measured at fair value on a recurring basis, the fair value measurements by level within the fair value hierarchy used at the periods listed are as follows:

(In thousands)		(Level 1)
		Quoted Prices	(Level 2)
		in Active	Significant	(Level 3)
		Markets for	Other	Significant
	September 30,	Identical	Observable	Unobservable
Description	2012	Assets	Inputs	Inputs
Residential mortgage-backed securities	$            48,160	$                     -	$            48,160	$                     -
Trust preferred securities	54	-	-	54
Equity securities	50	-	50	-
Securities available for sale	$            48,264	$                     -	$            48,210	$                   54
		(Level 1)
		Quoted Prices	(Level 2)
		in Active	Significant	(Level 3)
		Markets for	Other	Significant
	June 30,	Identical	Observable	Unobservable
Description	2012	Assets	Inputs	Inputs
Residential mortgage-backed securities	$            34,350	$                     -	$            34,350	$                     -
Trust preferred securities	54	-	-	54
Equity securities	50	-	50	-
Securities available for sale	$            34,454	$                    -	$            34,400	$                   54

The following table presents a reconciliation of the securities available for sale measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the three months ended September 30, 2012:

(In thousands)	Three Months
	Ended
Beginning balance	$                   54
Principal repayments	(4)
Unrealized gains included in other comprehensive income	4
Ending balance	$                   54

Level 3 securities consist of one immaterial trust preferred security at September 30, 2012.

For assets measured at fair value on a nonrecurring basis at the dates listed, the fair value measurements by level within the fair value hierarchy are as follows:

(In thousands)		(Level 1)
		Quoted Prices	(Level 2)
		in Active	Significant	(Level 3)
		Markets for	Other	Significant
	September 30,	Identical	Observable	Unobservable
Description	2012	Assets	Inputs	Inputs
Impaired loans	$                 823	$                    -		$                 823
Real estate owned	$                   40	$                    -		$                   40
		(Level 1)
		Quoted Prices	(Level 2)
		in Active	Significant	(Level 3)
		Markets for	Other	Significant
	June 30,	Identical	Observable	Unobservable
Description	2012	Assets	Inputs	Inputs
Impaired loans	$                 826	$                    -		$                 826
Real estate owned	$                   40	$                    -		$                   40

The methods and assumptions used to estimate the fair values included in the above tables are included in the disclosures that follow.

The following information should not be interpreted as an estimate of the fair value of the entire Company since a fair value calculation is only provided for a limited portion of the Company's assets and liabilities. Due to a wide range of valuation techniques and the degree of subjectivity used in making the estimates, comparisons between the Company's disclosures and those of other companies may not be meaningful. The following methods and assumptions were used to estimate fair values at September 30, 2012 and June 30, 2012:

Cash and Cash Equivalents and interest bearing securities with other banks (Carried at Cost)

The carrying amounts of cash and short-term instruments approximate fair value and are classified within level 1 of the fair value hierarchy.

Securities Available for Sale (Carried at Fair Value)

The fair values of securities available for sale, excluding trust preferred securities, are determined by matrix pricing (Level 2), which is a mathematical technique used widely in the industry to value debt securities without relying exclusively on quoted market prices for the specific securities but rather by relying on the securities' relationship to other benchmark quoted prices. Level 2 debt securities are valued by a third-party pricing service commonly used in the banking industry. Level 2 fair value measurements consider observable data that may include dealer quotes, market spreads, cash flows, the U.S. Treasury yield curve, live trading levels, trade execution date, market consensus prepayment speeds, credit information, and the security's terms and conditions, among other things.

The market for pooled trust preferred securities is inactive. A significant widening of the bid/ask spreads in the markets in which these securities trade was followed by a significant decrease in the volume of trades relative to historical levels. The new issue market is also inactive and no new pooled trust preferred securities have been issued since 2007. Since there were limited observable market-based Level 1 and Level 2 inputs for trust preferred securities, the fair value of these securities was estimated using primarily unobservable Level 3 inputs. Fair value estimates for trust preferred securities were based on discounting expected cash flows using a risk-adjusted discount rate. The Company develops the risk-adjusted discount rate by considering the time value of money (risk-free rate) adjusted for an estimated risk premium for bearing the uncertainty in future cash flows and, given current adverse market conditions, a liquidity adjustment based on an estimate of the premium that a market participant would require assuming an orderly transaction.   Management determined that sensitivity to inputs are not significant due to the immaterial nature of trust preferred securities as a level 3 asset.

Securities Held to Maturity (Carried at Amortized Cost)

The fair values of securities held to maturity are determined by matrix pricing (Level 2), which is a mathematical technique used widely in the industry to value debt securities without relying exclusively on quoted market prices for the specific securities but rather by relying on the securities' relationship to other benchmark quoted prices. Level 2 debt securities are valued by a third-party pricing service commonly used in the banking industry. Level 2 fair value measurements consider observable data that may include dealer quotes, market spreads, cash flows, the U.S. Treasury yield curve, live trading levels, trade execution date, market consensus prepayment speeds, credit information, and the security's terms and conditions, among other things.

Federal Home Loan Bank Stock (Carried at Cost)

The carrying amount of Federal Home Loan Bank stock approximates fair value and considers the limited marketability of such securities.

Loans Receivable (Carried at Cost)

The fair values of loans (except impaired loans) are estimated using discounted cash flow analyses which use market rates at the statement of condition date that reflect the credit and interest rate-risk inherent in the loans. Projected future cash flows are calculated based upon contractual maturity or call dates, projected repayments and prepayments of principal. Generally, for variable rate loans that reprice frequently and with no significant change in credit risk, fair values are based on carrying amounts. Loans are classified within level 3 of the fair value hierarchy.

Impaired Loans (Generally Carried at Fair Value)

Generally, impaired loans are those which the Company has measured impairment based on the fair value of the loan's collateral. Fair value of real estate collateral is generally determined based upon independent third-party appraisals of the properties, which consider sales prices of similar properties in the proximate vicinity or by discounting expected cash flows from the properties by an appropriate risk adjusted discount rate. Fair value of collateral other than real estate is based on an estimate of the liquidation proceeds. Impaired loans are included as Level 3 fair values, based upon the lowest level of input that is significant to the fair value measurements. The fair value consists of loan balances net of valuation allowances and loan balances on impaired loans in which the loan has been charged-off to its fair value.

Real Estate Owned (Carried at Lower of Cost or Fair Value less Estimated Selling Costs)

Fair values of foreclosed assets are based on independent third party appraisals of the properties or discounted cash flows based upon the expected sales proceeds from disposition of the assets. These values were generally determined based on the sales prices of similar properties in the proximate vicinity. These assets are included as Level 3 fair values, based upon the lowest level of input that is significant to the fair value measurements. The appraisals generally include various level 3 inputs which are not identifiable. Management determined that sensitivity to inputs are not significant due to the immaterial nature of the real estate owned as a level 3 asset.

Mortgage Servicing Rights (Carried at Lower of Cost or Fair Value)

At origination, the Company estimates the fair value of mortgage servicing rights at 1% of the principal balances of loans sold. The Company amortizes that amount over the estimated period of servicing revenues or charges the entire amount to income upon prepayment of the related loan. Due to the immaterial balance of mortgage servicing rights, the Company did not perform any further analysis or estimate their fair values. Therefore, the Company has disclosed that the carrying amounts of mortgage servicing rights approximate fair value. Mortgage servicing rights are classified within level 3 of the fair value hierarchy. Management determined that sensitivity to inputs are not significant due to the immaterial nature of the mortgage servicing rights as a level 3 asset.

Deposit Liabilities (Carried at Cost)

The fair values disclosed for demand deposits (e.g., interest and non-interest checking, passbook savings, and certain types of money market accounts) are, by definition, equal to the amount payable on demand at the reporting date (i.e., their carrying amounts). Demand deposits are classified within level 1 of the fair value hierarchy. Fair values for certificates of deposit are estimated using a discounted cash flow calculation that applies interest rates currently being offered in the market on certificates to a schedule of aggregated expected monthly maturities. Certificates of deposit are classified within level 2 of the fair value hierarchy.

Federal Home Loan Bank Advances (Carried at Cost)

Fair values of FHLB advances are estimated using discounted cash flow analysis, based on quoted prices for new FHLB advances with similar credit risk characteristics, terms, and remaining maturity. These prices obtained from this active market represent a market value that is deemed to represent the transfer price if the liability were assumed by a third party. Federal Home Loan Bank Advances are classified within level 2 of the fair value hierarchy.

Securities Sold Under Agreement to Repurchase (Carried at Cost)

The carrying amounts of securities sold under agreements to repurchase approximate fair value for short-term obligations. The fair values for longer term repurchase agreements are based on current market interest rates for similar transactions. Securities sold under agreement to repurchase are classified within level 2 of the fair value hierarchy.

Accrued Interest Receivable and Payable (Carried at Cost)

The carrying amounts of accrued interest approximate fair value. Accrued Interest Receivable and Payable are classified within level 1 of the fair value hierarchy.

Off-Balance-Sheet Credit-Related Instruments (Disclosures at Cost)

Fair values for off-balance-sheet financial instruments (lending commitments and letters of credit) are based on fees currently charged in the market to enter into similar agreements, taking into account the remaining terms of the agreements and the counterparties' credit standing. The fair value of these instruments is not material.

Quantitative information about Level 3 Fair Value Measurement is included in the tables below:

(In thousands)	Quantitative Information about Level 3 Fair Value Measurements
	Fair Value	Valuation		Unobservable	Estimated
September 30, 2012	Estimate	Techniques		Inputs	Range
Impaired loans	$                  823	Appraisal of collateral		Appraisal adjustments	0.0% to -25.0%
				Liquidation expenses	-3.0% to -5.0%
Real estate owned	40	Appraisal of property		Appraisal adjustments	0.0% to -25.0%
			Liquidation expenses		-3.0% to -5.0%
(In thousands)	Quantitative Information about Level 3 Fair Value Measurements
	Fair Value	Valuation		Unobservable	Estimated
June 30, 2012	Estimate	Techniques		Inputs	Range
Impaired loans	$                  826	Appraisal of collateral		Appraisal adjustments	0.0% to -25.0%
				Liquidation expenses	-3.0% to -5.0%
Real estate owned	40	Appraisal of property		Appraisal adjustments	0.0% to -25.0%
				Liquidation expenses	-3.0% to -5.0%

The estimated fair values of the Company's financial instruments were as follows:

			Fair Value Hierarchy at
			Septebmer 30, 2012
			Quoted Prices in
			Active Markets	Significant Other	Significant
	September 30, 2012		For Identical	Observable	Unobservable
	Carrying	Fair	Assets	Inputs	Inputs
(In thousands)	Amount	Value	(Level 1)	(Level 2)	(Level 3)
Financial assets:
Cash and cash equivalents	$     14,585	$    14,585	$               14,585	$                         -	$                         -
Interest bearing deposits with other banks	8,651	8,651	8,651	-	-
Securities available for sale	48,264	48,264	-	48,210	54
Securities held to maturity	2,115	2,274	-	2,274	-
Federal Home Loan Bank stock	1,562	1,562	1,562	-	-
Loans receivable, net	294,860	302,502	-	-	302,502
Accrued interest receivable	1,169	1,169	1,169	-	-
Mortgage servicing rights	75	75	-	-	75
Financial liabilities:
Deposits	271,685	274,073	214,168	59,905	-
Securities sold under agreements to repurchase	16,861	16,934	-	16,934	-
Federal Home Loan Bank Advances	21,967	24,728	-	24,728	-
Accrued interest payable	111	111	111	-	-
Off-Balance sheet financial instruments	-	-	-	-	-
			Fair Value Hierarchy at
			June 30, 2012
			Quoted Prices in
			Active Markets	Significant Other	Significant
	June 30, 2012		For Identical	Observable	Unobservable
	Carrying	Fair	Assets	Inputs	Inputs
(In thousands)	Amount	Value	(Level 1)	(Level 2)	(Level 3)
Financial assets:
Cash and cash equivalents	$      31,525	$    31,525	$               31,525	$                         -	$                         -
Interest bearing deposits with other banks	9,490	9,490	9,490	-	-
Securities available for sale	34,454	34,454	-	34,400	54
Securities held to maturity	2,396	2,549	-	2,549	-
Federal Home Loan Bank stock	2,169	2,169	2,169	-	-
Loans receivable, net	293,206	299,307	-	-	299,307
Accrued interest receivable	1,039	1,039	1,039	-	-
Mortgage servicing rights	78	78	-	-	78
Financial liabilities:
Deposits	269,572	269,459	208,271	61,188	-
Securities sold under agreements to repurchase	16,434	16,543	-	16,543	-
Federal Home Loan Bank Advances	26,997	29,758	-	29,758	-
Accrued interest payable	154	154	154	-	-
Off-Balance sheet financial instruments	-	-	-	-	-

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Employee Stock Ownership Plan

3 Months Ended

Sep. 30, 2012

Employee Stock Ownership Plan [Abstract]

Employee Stock Ownership Plan

NOTE 7 — EMPLOYEE STOCK OWNERSHIP PLAN

Effective January 1, 2010, the Company adopted an Employee Stock Ownership Plan ("ESOP") for eligible employees. The ESOP borrowed $3.7 million from the Company and used those funds to acquire 370,300 shares, or 8.0%, of the total number of shares issued by the Company in its initial public offering. The shares were acquired at a price of $10.00 per share.

The loan is secured by the shares purchased with the loan proceeds and will be repaid by the ESOP over the 20 year term of the loan with funds from the Bank's contributions to the ESOP and dividends payable on the stock, if any. The interest rate on the ESOP loan adjusts annually and is the prime rate on the first business day of the calendar year, as published in The Wall Street Journal.

Shares purchased by the ESOP are held by a trustee in an unallocated suspense account and shares are released annually from the suspense account on a pro-rata basis as principal and interest payments are made by the ESOP to the Company. The trustee allocates the shares released among participants on the basis of each participant's proportional share of compensation relative to all participants. Total ESOP shares may be reduced as a result of employees leaving the Company; shares that have previously been released to those exiting employees may be removed from the plan and transferred to that employee. As shares are committed to be released from the suspense account, the Bank reports compensation expense based on the average fair value of shares committed to be released with a corresponding credit to stockholders' equity. Compensation expense recognized for the three months ended September 30, 2012 and 2011 amounted to $69 thousand and $67 thousand, respectively.

Shares held by the ESOP trust at the periods listed were as follows:

	September 30,
	2012	2011
Allocated shares	49,316	32,114
Unallocated shares	319,384	337,899
Total ESOP shares	368,700	370,013
Fair value of unallocated shares, in thousands	$               4,839	$               4,900

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Securities (Schedule of Unrealized Loss on Investments) (Details) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2012	Jun. 30, 2012
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Losses	$ 20
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	5,959
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Losses	12	16
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	54	54
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Losses	32	16
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	6,013	54
Trust Preferred Securities [Member]
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Losses	12	16
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	54	54
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Losses	12	16
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	54	54
Residential Mortgage Backed Securities [Member]
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Losses	20
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	5,959
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Losses	20
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	$ 5,959

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Share Based Compensation (Restricted Shares Activity) (Details) (USD $)	3 Months Ended
	Sep. 30, 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number, Beginning Balance	247,453
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period	49,485
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number, Ending Balance	197,968
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value, Beginning Balance	$ 14.79
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value	$ 14.79
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value, Ending Balance	$ 14.79
Service-Based [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number, Beginning Balance	136,363
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period	27,267
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number, Ending Balance	109,096
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value, Beginning Balance	$ 14.77
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value	$ 14.77
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value, Ending Balance	$ 14.77
Performance-Based [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number, Beginning Balance	111,090
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period	22,218
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number, Ending Balance	88,872
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value, Beginning Balance	$ 14.81
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value	$ 14.81
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value, Ending Balance	$ 14.81

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Summary of Significant Accounting Policies (Tables)

3 Months Ended

Sep. 30, 2012

Summary of Significant Accounting Policies [Abstract]

Accumulated Other Comprehensive income [Table Text Block]

	September 30,		June 30,
	2012		2012
		(In thousands)
Unrealized gains on available for sale securities	$              1,696		$              1,324
Tax effect	(661)		(516)
Total	$               1,035		$                  808

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Employee Stock Ownership Plan (Tables)

3 Months Ended

Sep. 30, 2012

Employee Stock Ownership Plan [Abstract]

Schedule of Employee Stock Ownership Plan (ESOP) Disclosures [Table Text Block]

	September 30,
	2012	2011
Allocated shares	49,316	32,114
Unallocated shares	319,384	337,899
Total ESOP shares	368,700	370,013
Fair value of unallocated shares, in thousands	$               4,839	$               4,900

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Share Based Compensation (Option Activity Tables) (Details) (USD $)	3 Months Ended
	Sep. 30, 2012
Share Based Compensation [Abstract]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Beginning Balance	272,150
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Ending Balance	272,150
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price, Beginning Balance	$ 14.79
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price, Ending Balance	$ 14.79
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term	8 years 9 months 18 days

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Credit Quality of Loans and Provision and Allowance for Loan Losses (Troubled Debt Restructurings on Financing Receivables) (Details) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2012
Financing Receivable, Modifications [Line Items]
Number of Contracts	1
Pre-Modification Outstanding Recorded Investments	$ 3,198
Post-Modification Outstanding Recorded Investments	3,198
Financing Receivable, Modifications, Subsequent Default, Number of Contracts	0
Commercial Real Estate [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts	1
Pre-Modification Outstanding Recorded Investments	3,198
Post-Modification Outstanding Recorded Investments	$ 3,198

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Consolidated Statements of Comprehensive Income (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Sep. 30, 2012	Sep. 30, 2011
Statement of Other Comprehensive Income [Abstract]
Net income	$ 260	$ 88
Other comprehensive income (loss), net of tax:
Net unrealized gains on available for sale securities, net of tax of $145 and $91, respectively	227	142
Other comprehensive income	227	142
Comprehensive income	$ 487	$ 230

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Summary of Significant Accounting Policies

3 Months Ended

Sep. 30, 2012

Summary of Significant Accounting Policies [Abstract]

Summary of Significant Accounting Policies

NOTE 1 — SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Organization and Nature of Business

OBA Bank (the "Bank") is a community-oriented banking institution providing a variety of financial services to individuals and small businesses through its offices in Montgomery, Anne Arundel, and Howard Counties, Maryland. Its primary deposits are checking, money market, and time certificate accounts and its primary lending products are commercial mortgage and commercial business loans and residential mortgage loans.

In December 2007, the Bank reorganized into a three-tier mutual holding company structure. As part of the reorganization, the Bank converted from a mutual savings bank into a federally chartered stock savings bank and formed OBA Bancorp, Inc., a federally chartered mid-tier stock holding company, and OBA Bancorp, MHC, a federally chartered mutual holding company. The Bank became a wholly-owned subsidiary of OBA Bancorp, Inc. and OBA Bancorp, Inc. became a wholly-owned subsidiary of OBA Bancorp, MHC.

On January 21, 2010, OBA Bancorp, MHC completed its plan of conversion and reorganization from a mutual holding company to a stock holding company. In accordance with the plan, OBA Bancorp, MHC and OBA Bancorp, Inc. ceased to exist and a newly formed stock holding company, OBA Financial Services, Inc. (of which OBA Bank became a wholly owned subsidiary) sold and issued shares of capital stock to eligible depositors of OBA Bank.  OBA Financial Services, Inc.'s common stock trades on the NASDAQ Capital Market under the symbol "OBAF" on January 22, 2010.

In accordance with applicable regulations of at the time of the conversion from a mutual holding company to a stock holding company, the Bank substantially restricted retained earnings by establishing a liquidation account. The liquidation account is maintained for the benefit of eligible account holders who keep their accounts at the Bank after conversion. The liquidation account is reduced annually to the extent that eligible account holders have reduced their qualifying deposits. Subsequent increases will not restore an eligible account holder's interest in the liquidation account. In the event of a complete liquidation of the Bank, and only in such event, each account holder will be entitled to receive a distribution from the liquidation account in an amount proportionate to the adjusted qualifying account balances then held. The Bank may not pay dividends if those dividends would reduce equity capital below the required liquidation account amount.

Basis of Presentation

The consolidated financial statements include the accounts of OBA Financial Services Inc., and OBA Bank. All significant intercompany accounts and transactions have been eliminated in consolidation.

The accompanying unaudited consolidated financial statements have been prepared in accordance with U.S. GAAP for interim financial information and are presented in accordance with instructions for Form 10-Q and Rule 10-01 of the SEC Regulation S-X. Accordingly, they do not include all of the information and notes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments considered necessary for a fair presentation are of a normal and recurring nature and have been included.

Operating results for the three months ended September 30, 2012, are not necessarily indicative of the results that may be expected for the fiscal year ending June 30, 2013 or any other interim period. The consolidated financial statements presented in this report should be read in conjunction with the audited consolidated financial statements and the accompanying notes filed on Form 10-K for the fiscal year ended June 30, 2012.

In preparing the accompanying consolidated financial statements, the Company has evaluated subsequent events through the financial statement issue date. There were no subsequent events identified by the Company as a result of the evaluation that require recognition or disclosure in the consolidated financial statements.

Use of Estimates

In preparing the consolidated financial statements in conformity with U.S. GAAP, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the Consolidated Statement of Condition and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly sensitive to change in the near term relates to the determination of the allowance for loan losses, values related to the share-based incentive plans, and other than temporary impairment of investment securities.

Reclassifications

From time to time, certain amounts in the prior period financial statements are reclassified to conform with current period presentation. Such reclassifications, if any, have no impact on consolidated net income or total stockholders' equity.

     Recent Accounting Pronouncements

There are no recent accounting pronouncements that will have a material impact to the consolidated financial statements.

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Share Based Compensation (Tables)

3 Months Ended

Sep. 30, 2012

Share Based Compensation [Abstract]

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

		Weighted
		average	Remaining
		exercise	contractual
	Options	price	life (years)
Options outstanding at June 30, 2012	272,150	$              14.79
Granted	-	-
Exercised	-	-
Forfeited	-	-
Expired	-	-
Options outstanding at September 30, 2012	272,150	$             14.79	8.8

Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Table Text Block]

	Service-Based	Weighted	Performance-Based	Weighted	Total	Weighted
	Restricted	average	Restricted	average	Restricted	average
	stock	grant date	stock	grant date	stock	grant date
	awards	fair value	awards	fair value	awards	fair value
Non-vested at June 30, 2012	136,363	$         14.77	111,090	$         14.81	247,453	$         14.79
Granted	-	-	-	-	-	-
Vested	27,267	14.77	22,218	14.81	49,485	14.79
Forfeited	-	-	-	-	-	-
Non-vested at September 30, 2012	109,096	$            14.77	88,872	$            14.81	197,968	$            14.79

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Credit Quality of Loans and Provision and Allowance for Loan Losses (Past Due Financing Receivables) (Details) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2012	Jun. 30, 2012
Financing Receivable, Recorded Investment, Past Due [Line Items]
31-60 Days Past Due	$ 528	$ 1,659
Over 90 Days Past Due	5,974	4,454
Total Past Due	6,502	6,113
Current	291,427	289,987
Total Loans Receivable	297,929	296,100
Total Non-Accrual Loans	6,046	6,046
Commercial Business [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	40,754	32,183
Total Loans Receivable	40,754	32,183
Commercial Real Estate [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
31-60 Days Past Due		1,520
Over 90 Days Past Due	5,080	3,560
Total Past Due	5,080	5,080
Current	127,637	130,956
Total Loans Receivable	132,717	136,036
Total Non-Accrual Loans	5,080	5,080
Construction [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	1,593	1,850
Total Loans Receivable	1,593	1,850
Residential Mortgages [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
31-60 Days Past Due	179
Over 90 Days Past Due	894	894
Total Past Due	1,073	894
Current	90,446	92,372
Total Loans Receivable	91,519	93,266
Total Non-Accrual Loans	891	891
Home Equity Loans And Lines Of Credit [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
31-60 Days Past Due	349	139
Total Past Due	349	139
Current	30,997	32,626
Total Loans Receivable	31,346	32,765
Total Non-Accrual Loans	$ 75	$ 75

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Credit Quality of Loans and Provision and Allowance of Loan Losses (Policy)

3 Months Ended

Sep. 30, 2012

Credit Quality of Loans and Provision and Allowance For Loan Losses [Abstract]

Loans and Leases Receivable, Allowance for Loan Losses Policy [Policy Text Block]

The Bank provides for loan losses based upon the consistent application of the documented allowance for loan loss methodology. All loan losses are charged to the allowance for loan losses and all recoveries are credited to the same. Additions to the allowance for loan losses are provided by charges to income based on various factors which, in Management's judgment, deserve current recognition in estimating probable losses. Management regularly reviews the loan portfolio and makes provisions for loan losses in order to maintain the allowance for loan losses in accordance with U.S. GAAP. The Bank considers residential mortgage loans and home equity loans and lines of credit as small, homogeneous loans, which are evaluated for impairment collectively based on historical loss experience. Commercial real estate and commercial business loans are reviewed individually. Loans are considered impaired if the probability exists that the Bank will be unable to collect contractually obligated principal and interest cash flows. The allowance for loan losses consists primarily of three components:

(1)      specific allowances established for impaired loans (as defined by U.S. GAAP). For a non-collateral dependent loan, the amount of impairment, if any, is estimated as the difference between the estimated present value based on Management's assumptions regarding future cash flows and discounted at the loans original yield, and the carrying value of the loan. Impaired loans for which the estimated present value of the loan exceeds the carrying value of the loan do not reduce specific allowances;

(2)      general allowances established for loan losses on a portfolio basis for loans that do not meet the definition of impaired loans. The portfolio is grouped into similar risk characteristics, primarily loan type. The Bank applies an estimated loss rate to each loan group. The loss rates applied are based upon loss experience adjusted, as appropriate, for the environmental factors discussed below. This evaluation is inherently subjective, as it requires material estimates that may be susceptible to significant revisions based upon changes in economic and real estate market conditions; and

(3)      unallocated allowances established to provide for probable losses that have been incurred as of the reporting date but are not reflected in the allocated allowance.

Actual loan losses may be significantly more than the allowance for loan losses established, which could have a material negative effect on financial results.

The adjustments to historical loss experience are based on Management's evaluation of several qualitative and environmental factors, including, but not limited to:

•      changes in any concentration of credit (including, but not limited to, concentrations by geography, industry, or collateral type);

•      changes in the number and amount of non-accrual loans, watch list loans, and past due loans;

•      changes in national, state, and local economic trends;

•      changes to other external influences including, but not limited to, legal, accounting, peer, and regulatory changes;

•      changes in the types of loans in the loan portfolio;

•      changes in the experience and ability of personnel and management in the loan origination and loan servicing departments;

•      changes in the value of underlying collateral for collateral dependent loans;

•      changes in lending strategies; and

•      changes in lending policies and procedures.

Policy Loans Receivable, Policy [Policy Text Block]

Various Bank policies, consistent with regulatory guidelines, provide for the classification of loans and other assets that are considered to be of lesser quality as substandard, doubtful, or loss assets. A loan is considered substandard if it is inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Substandard loans include those loans characterized by the distinct possibility that the Bank will sustain some loss if the deficiencies are not corrected. Loans classified as doubtful have all of the weaknesses inherent in those classified substandard with the added characteristic that the weaknesses present make collection or liquidation in full, on the basis of currently existing facts, conditions and values, highly questionable and improbable. Loans, or portions of loans, classified as loss are those considered uncollectible and of such little value that their continuance as an loan is not warranted. Since such loans are written off in full, the Bank will not have any such loans classified as loss at the end of a reporting period. Loans that do not expose the Bank to risk sufficient to warrant classification in one of the aforementioned categories, but which possess potential weaknesses that deserve close attention, are required to be designated as Special Mention.

The Bank maintains an allowance for loan losses at an amount estimated to equal all credit losses incurred in the loan portfolio that are both probable and reasonably estimable at the statement of condition date. The Bank's determination as to the classification of loans is subject to review by the Bank's primary federal regulator, the Office of the Comptroller of the Currency ("OCC"). The Bank regularly reviews the loan portfolio to determine whether any loans require classification in accordance with applicable regulations.

Management evaluates the allowance for loan losses based upon the combined total of the specific, general, and unallocated components as discussed below. Generally, when the loan portfolio increases, absent other factors, the allowance for loan loss methodology results in a higher dollar amount of estimated probable losses than would be the case without the increase. Generally, when the loan portfolio decreases, absent other factors, the allowance for loan loss methodology results in a lower dollar amount of estimated probable losses than would be the case without the decrease.

Commercial real estate loans generally have greater credit risk compared to residential mortgage loans, as they typically involve larger loan balances concentrated with single borrowers or groups of related borrowers. In addition, the payment expectations on loans secured by income-producing properties typically depend on the successful operation of the related business and thus may be subject to a greater extent to adverse conditions in the real estate market and in the general economy.

Commercial business loans generally have greater credit risk compared to residential mortgage loans, as they typically involve larger loan balances concentrated with single borrowers or groups of related borrowers. In addition, the payment expectations on commercial business loans typically depend on the successful operation of the related business and thus may be subject to a greater extent to adverse conditions in the real estate market and in the general economy.

Generally, the Bank underwrites commercial real estate loans at a loan-to-value ratio of 75% or less and residential mortgage loans at a loan-to-value ratio not exceeding 80%. In the event that a loan becomes past due, management will conduct visual inspections of collateral properties and/or review publicly available information, such as online databases, to estimate property values. The Bank may request a formal third party appraisal for various reasons including, but not limited to, age of previous appraisal, changes in market condition, and changes in borrower's condition. In addition, changes in the appraised value of properties securing loans can result in an increase or decrease in the general allowance for loan losses as an adjustment to the historical loss experience due to qualitative and environmental factors.

The loan portfolio is evaluated on a quarterly basis and the allowance is adjusted accordingly. While the best information available is used to make evaluations, future adjustments to the allowance may be necessary if conditions differ substantially from the information used in making the evaluations. In addition, as an integral part of their examination process, the OCC will periodically review the allowance for loan losses. The OCC may require the Bank to recognize additions to the allowance based on its analysis of information available at the time of the examination.