Exhibit 99.1

On February 14, 2013, 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 $572.4 million today announced operating results for the quarter and year ended December 31, 2012.


For the quarter ended December 31, 2012, the Corporation reported net income of $1,175,000, or $0.34 basic earnings per share.  This compares to the fourth quarter of 2011 net income of $942,000, or $0.27 basic earnings per share.  The increase in operating results for the fourth quarter of 2012 as compared to the same period in 2011 was primarily attributable to a $400,000 decrease in the provision for loan losses, a $418,000 increase in non-interest income, and a $56,000 increase in net interest income offset by a $363,000 increase in non-interest expenses, and an increase in the provision for income taxes of $278,000.


Net income for the year ended December 31, 2012 totaled $4,485,000, or $1.30 basic earnings per share compared to $2,943,000 or $0.85 basic earnings per share for the same period in 2011. Compared with the same period in 2011, net income increased $1,542,000, or 52.4%. The increase in net income for the year was primarily the result of an increase in non-interest income of $523,000 and a decrease in the provision for loan losses of $4,175,000, offset by a decrease in net interest income of $1,220,000, an increase in non-interest expenses of $967,000, and an increase in the provision for income taxes of $969,000.  


The Corporation recognized a $200,000 provision for loan losses for the year ended December 31, 2012 (none for the fourth quarter of 2012) compared to a $400,000 provision for the fourth quarter of 2011 and a $4,375,000 provision for the year ended December 31, 2011.  The decrease in the provision for loan losses resulted primarily from declining historic loss rates, which are used to calculate the reserve for the homogenous pool of loans, a decrease in risk rated loans and an overall decrease in the loan portfolio.  The allowance for loan losses as a percentage of total loans decreased to 2.27% at December 31, 2012 compared to 2.51% at December 31, 2011.


For the quarter ended December 31, 2012, non-interest income was $1,241,000, compared to $823,000 for the fourth quarter of 2011, a $418,000 (50.7%) increase. For the year ended December 31, 2012, non-interest income was $4,354,000, compared to $3,831,000 for the same period in 2011, a $523,000 (13.7%) increase.  The increase in non-interest income for the fourth quarter of 2012 as compared to 2011 was primarily attributable to a $221,000 increase in gains on the sale of loans and a $201,000 increase in other non-interest income, offset by a $4,000 decrease in gains on the sale of securities.  On an annual basis, the increase in non-interest income was primarily attributable to an $804,000 increase in the gain on sales of loans and a $348,000 increase in other non-interest income, offset by a $629,000 decrease in the gain on sales of securities.


For the quarter ended December 31, 2012, non-interest expenses were $4,316,000, compared to $3,954,000 for the fourth quarter of 2011, a $362,000 (9.2%) increase.  For the year ended December 31, 2012, non-interest expenses totaled $16,513,000, compared to $15,546,000 for the comparable period of 2011, an increase of $967,000 (6.2%).  The increase in non-interest expenses for the year ended December 31, 2012 was primarily attributable to a $621,000 increase in salaries and benefits, a $309,000 increase in deposit losses, a $200,000 increase in other real estate owned expenses, a $92,000 increase in ATM/debit card processing expenses, and an $82,000 increase in loan closing fees, offset by a $243,000 decrease in FDIC premium expenses and a $136,000 decrease in asset management legal expenses.  






The following information was filed by United Bancshares Incoh (UBOH) on Thursday, February 14, 2013 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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