Glen Burnie Bancorp is a bank holding company headquartered in Glen Burnie, Maryland. Founded in 1949, The Bank of Glen Burnie® is a locally-owned community bank with 8 branch offices serving Anne Arundel County. The Bank is engaged in the commercial and retail banking business including the acceptance of demand and time deposits, and the origination of loans to individuals, associations, partnerships and corporations. The Bank's real estate financing consists of residential first and second mortgage loans, home equity lines of credit and commercial mortgage loans. The Bank also originates automobile loans through arrangements with local automobile dealers.

Company profile
Ticker
GLBZ
Exchange
Website
CEO
John D. Long
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
SEC CIK
Corporate docs
IRS number
521782444
GLBZ stock data
Calendar
13 May 22
9 Aug 22
31 Dec 22
Financial summary
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Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 68.84M | 68.84M | 68.84M | 68.84M | 68.84M | 68.84M |
Cash burn (monthly) | (no burn) | (no burn) | (no burn) | (no burn) | 76.67K | (no burn) |
Cash used (since last report) | n/a | n/a | n/a | n/a | 330.32K | n/a |
Cash remaining | n/a | n/a | n/a | n/a | 68.51M | n/a |
Runway (months of cash) | n/a | n/a | n/a | n/a | 893.6 | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
7 Jan 22 | Frederick W Kuethe Iii | Common Stock | Other | Acquire J | No | No | 0 | 15,120 | 0 | 38,483 |
Institutional ownership, Q1 2022
10.6% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 9 |
Opened positions | 3 |
Closed positions | 1 |
Increased positions | 0 |
Reduced positions | 2 |
13F shares | Current |
---|---|
Total value | 4.16M |
Total shares | 303.8K |
Total puts | 0 |
Total calls | 0 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Edward E. Haddock, Jr. Family Trusts II | 232.98K | $3.26M |
Context BH Capital Management | 24.31K | $312K |
Geode Capital Management | 18.66K | $233K |
Court Place Advisors | 16.69K | $209K |
BLK Blackrock | 6.76K | $84K |
PNC PNC Financial Services | 3.11K | $39K |
MS Morgan Stanley | 1.26K | $16K |
Allworth Financial | 21 | $0 |
Tower Research Capital | 3 | $0 |
Proequities | 0 | $0 |
Financial report summary
?Management Discussion
- Net income attributable to common stockholders for the three-month period ended March 31, 2022 was $231,000, or $0.08 per basic and diluted common share compared to $594,000, or $0.21 per basic and diluted common share for the same period of 2021. The results for the three-month period ending March 31, 2022, were lower than the same period of 2021 resulting primarily from a 2021 period decrease of $304,000 in the release of credit loss allowance for loans and a $195,000 decrease in net interest income.
- Net Interest Income. The Company’s net interest income for the three-month period ended March 31, 2022 was $2.68 million, as compared to $2.88 million for the same period in 2021, a decrease of $195,000, or 6.79%. The decrease in net interest income was due to lower interest income in the amount of $245,000, and lower interest expense in the amount of $50,000. The decrease in interest income was primarily due to a $6.1 million decrease in loan portfolio balances, offset by higher interest and dividends on securities. Although deposit driven excess liquidity fueled average interest-earning asset growth, competitive loan origination pressures as well as a low interest rate environment drove the overall decrease in average interest-earning asset yields.
- Total interest income for the first quarter of 2022 decreased $245,000, or 7.74% when compared to the same period in 2021, from $3.16 million in 2021 to $2.92 million in 2022. The primary driver of the decrease was a $469,000 decrease in interest and fees on loans due to lower average loan balances, offset by a $193,000 increase in interest and dividends on investment securities and a $31,000 increase in interest on deposits with banks and federal funds sold due to higher average balances.
Content analysis
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H.S. sophomore Bad
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New words:
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Removed:
adding, amending, analyzed, ATM, bankable, bill, box, calculating, callable, card, cardholder, cashier, charge, check, clarify, comparability, comparative, comply, consist, consistency, correcting, cover, debit, determinable, discontinue, discontinuing, duration, Emerging, excluding, family, Force, generated, historic, ii, interaction, interchange, iv, Joint, largely, list, Mentioned, merchant, moderate, moderately, month, monthly, neutral, October, opening, outlook, pandemic, paragraph, pressure, reached, readily, receipt, reevaluate, referencing, refining, remedy, rendered, rental, reservable, response, Safe, safety, satisfied, settlement, Supervision, supported, sustaining, Task, terminology, transactional, transition, warranted, watch, window, wire
Financial reports
Current reports
8-K
Glen Burnie Bancorp Announces Second Quarter 2022 Results
8 Aug 22
8-K
Submission of Matters to a Vote of Security Holders
13 May 22
8-K
Glen Burnie Bancorp Announces First Quarter 2022 Results
26 Apr 22
8-K
Changes in Registrant's Certifying Accountant
4 Mar 22
8-K
Glen Burnie Bancorp Announces FOURTH QUARTER and FULL YEAR 2021 RESULTS
3 Feb 22
8-K
Glen Burnie Bancorp Announces Third Quarter 2021 Results
3 Nov 21
8-K
Glen Burnie Bancorp Announces Second Quarter 2021 Results
5 Aug 21
8-K
Submission of Matters to a Vote of Security Holders
14 May 21
8-K
Glen Burnie Bancorp Announces First Quarter 2021 Results
4 May 21
8-K
Glen Burnie Bancorp Announces FOURTH QUARTER and FULL YEAR 2020 RESULTS
4 Feb 21
Registration and prospectus
S-8
Registration of securities for employees
14 Jan 20
S-3/A
Shelf registration (amended)
16 May 12
S-3
Shelf registration
10 May 12
424B3
Prospectus supplement
18 Apr 00
POS AM
Prospectus update (post-effective amendment)
17 Jan 00
S-8 POS
Registration of securities for employees (post-effective amendment)
27 Dec 99
S-8 POS
Registration of securities for employees (post-effective amendment)
27 Dec 99
POS AM
Prospectus update (post-effective amendment)
26 Dec 99
POS AM
Prospectus update (post-effective amendment)
19 Apr 99
POS AM
Prospectus update (post-effective amendment)
5 Nov 98
Other
UPLOAD
Letter from SEC
9 Mar 17
CORRESP
Correspondence with SEC
8 Mar 17
UPLOAD
Letter from SEC
21 Feb 17
CORRESP
Correspondence with SEC
10 Jul 16
UPLOAD
Letter from SEC
23 Jun 16
EFFECT
Notice of effectiveness
17 May 12
UPLOAD
Letter from SEC
14 May 12
CORRESP
Correspondence with SEC
10 Mar 10
UPLOAD
Letter from SEC
10 Mar 10
CORRESP
Correspondence with SEC
8 Mar 10
Ownership
4
GLEN BURNIE BANCORP / FREDERICK W KUETHE III ownership change
23 Feb 22
SC 13G/A
GLEN BURNIE BANCORP / Edward E. Haddock, Jr. Family Trusts II ownership change
10 Feb 22
SC 13G
GLEN BURNIE BANCORP / Edward E. Haddock, Jr. Family Trusts II ownership change
1 Apr 21
4
GLEN BURNIE BANCORP / MARY L WILCOX ownership change
11 Feb 20
SC 13G/A
Glen Burnie Bancorp
27 Jan 20
3
GLEN BURNIE BANCORP / Julie M Mussog ownership change
12 Aug 19
SC 13G/A
Glen Burnie Bancorp
12 Feb 19
3/A
GLEN BURNIE BANCORP / Joan Rumenap ownership change
7 Dec 18
3
GLEN BURNIE BANCORP / Joan Rumenap ownership change
28 Nov 18
4
GLEN BURNIE BANCORP / Stanford Hess ownership change
28 Nov 18
Reddit threads
Daily Discussion Thread - August 3rd, 2022
3 Aug 22
Daily Discussion Thread - July 22nd, 2022
22 Jul 22
Daily Discussion Thread - July 21st, 2022
21 Jul 22
Daily Discussion Thread - July 20th, 2022
20 Jul 22
Daily Discussion Thread - April 22nd, 2022
22 Apr 22
Daily Discussion Thread - April 21st, 2022
21 Apr 22
Daily Discussion Thread - April 20th, 2022
20 Apr 22
Daily Discussion Thread - February 2nd, 2022
2 Feb 22
Daily Discussion Thread - February 1st, 2022
1 Feb 22
Daily Discussion Thread - January 31st, 2022
31 Jan 22