Exhibit 99.1

On February 3, 2012, United Bancshares, Inc. issued the following release:


United Bancshares, Inc. (Nasdaq: UBOH news), a bank holding company headquartered in Columbus Grove, Ohio with consolidated assets of $587 million, today announced operating results for the quarter and year ended December 31, 2011.


For the quarter ended December 31, 2011, the Corporation reported net income of $942,000, or $0.27 basic earnings per share, compared to fourth quarter 2010 net income of $598,000, or $0.17 basic earnings per share.  Compared with the same period in 2010, fourth quarter net income increased $344,000 or 57.5%.  The increase for the quarter, as compared to the quarter ended December 31, 2010 resulted from a decrease in the provision for loan losses of $1,650,000 (80.5%), offset by a decrease in net interest income of $737,000 (14.0%), a decrease in non-interest income of $478,000 (36.7%), an increase in non-interest expenses of $51,000 (1.3%) and an increase in the provision for income taxes of $40,000 (571.4%).  


Net income for the year ended December 31, 2011, was $2,943,000, or $0.85 per share compared to $2,808,000 or $0.82 per share for the same period in 2010. Compared with the same period in 2010, net income increased $135,000, or 4.8%. The increase in net income for the year was primarily the result of a decrease in the provision for loan losses of $2,175,000 (33.2%), an increase in non-interest income of $113,000 (3.0%), and a decrease in the provision for income taxes of $41,000 (28.7%), offset by a decrease in net interest income of $2,170,000 (10.2%), and an increase in non-interest expenses of $24,000 (0.2%).  


The Corporation set aside a $400,000 provision for loan losses in the fourth quarter of 2011 compared to $2,050,000 for the same period in 2010, and a $4,375,000 provision for loan losses for the year ended December 31, 2011 compared to a $6,550,000 provision for the same period in 2010. In light of high unemployment and the continued uncertainty of the real estate markets in which the Corporation serves, especially with respect to commercial real estate, management believed it prudent to make the aforementioned provisions to the allowance for loan losses.  The allowance for loan losses as a percentage of total loans increased to 2.51% at December 31, 2011 compared to 2.09% at December 31, 2010.


For the quarter ended December 31, 2011, non-interest income was $823,000, compared to $1,301,000 for the fourth quarter of 2010, a $478,000 (36.7%) decrease. For the year ended December 31, 2011, non-interest income was $3,831,000, compared to $3,718,000 for the same period in 2010, a $113,000 (3.0%) increase.  The decrease in non-interest income for the fourth quarter of 2011 as compared to 2010 was primarily attributable to a $175,000 decrease in the gain on sales of loans and a $326,000 change relating to the fair value of mortgage servicing rights.  On an annual basis, the increase in non-interest income was primarily attributable to a $619,000 increase in the gain on sales of securities, offset by a $374,000 decrease in the gain on sales of loans and a $173,000 change relating to the fair value of mortgage servicing rights.


For the quarter ended December 31, 2011, non-interest expenses were $3,954,000, compared to $3,903,000 for the fourth quarter of 2010, a $51,000 (1.3%) increase. For the year ended December 31, 2011, non-interest expenses totaled $15,546,000, compared to $15,522,000 for the comparable period of 2010, a decrease of $24,000 (0.2%).  


Total assets amounted to $587.0 million at December 31, 2011, compared to $612.6 million at December 31, 2010, a decrease of $25.6 million, or 4.2%.  The decrease in total assets was primarily the result of decreases in gross loans of $43.2 million (11.3%), other real estate owned of $1.7 million (37.4%) and other assets of $2.1 million (32.2%), offset by increases in cash and cash equivalents of $8.7 million (17.9%) and available-for-sale securities of $11.5 million (8.2%).  Deposits during this same period decreased $8.2 million, or 1.7% and other borrowings, consisting of Federal Home Loan Bank (FHLB) borrowings, and customer repurchase agreements, decreased $23.0 million (41.2%).




The following information was filed by United Bancshares Incoh (UBOH) on Friday, February 3, 2012 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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