Glen Burnie Bancorp (GLBZ) financial statements (2022 and earlier)

Company profile

Business Address 101 CRAIN HWY SE
GLEN BURNIE, MD 21227
State of Incorp. MD
Fiscal Year End December 31
SIC 6022 - State Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments59,60733,04613,87417,55412,60510,62212,371
Cash and cash equivalents58,54531,84712,43715,07312,60510,62212,371
Short-term investments1,0621,1991,4372,481   
Total current assets:59,60733,04613,87417,55412,60510,62212,371
Noncurrent Assets
Operating lease, right-of-use asset 623745
Property, plant and equipment3,5643,8533,7613,1063,3713,3233,369
Deferred income tax assets956142672
Total noncurrent assets:4,5204,6185,1783,1063,3713,3233,369
Other undisclosed assets377,939381,822365,890392,386373,474374,487374,840
TOTAL ASSETS:442,066419,486384,942413,046389,450388,432390,580
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt10,00029,91225,00055,00020,00020,00020,022
Total current liabilities:10,00029,91225,00055,00020,00020,00020,022
Noncurrent Liabilities
Other undisclosed liabilities396,350352,481324,262323,995335,408334,618336,382
Total liabilities:406,350382,393349,262378,995355,408354,618356,404
Stockholders' equity
Stockholders' equity attributable to parent35,71637,09335,68034,05134,04233,81434,176
Common stock2,8542,8422,8272,8142,8012,7872,773
Additional paid in capital10,75910,64010,52510,40110,26710,1309,986
Accumulated other comprehensive income (loss)(874)540(209)(1,230)(631)(810)(302)
Retained earnings22,97723,07122,53722,06621,60521,70821,718
Total stockholders' equity:35,71637,09335,68034,05134,04233,81434,176
TOTAL LIABILITIES AND EQUITY:442,066419,486384,942413,046389,450388,432390,580

Income statement (P&L) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues10,86012,09013,08512,59312,68612,50114,376
Net investment income10,86012,09013,08512,59311,60011,30911,587
Financial services revenue1,0841,1922,789
Cost of revenue   (856)(336)(868)(1,695)
Provision for loan, lease, and other losses   (856)
Financial services costs(336)(868)(1,695)
Gross profit:10,86012,09013,08511,73712,35011,63312,681
Operating expenses(2,525)(2,900)(3,430)(2,992)(7,944)(8,736)(8,790)
Operating income:8,3359,1909,6558,7454,4062,8973,892
Nonoperating income
(Bank Owned Life Insurance Income)
157158163172199215219
Interest and debt expense(1,074)(1,515)(1,927)(2,102)(1,937)(2,123)(2,391)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes (5,674)(5,840)(5,102)(844)29(122)
Income from continuing operations before equity method investments, income taxes:7,4182,1592,0511,7131,8241,0181,598
Other undisclosed loss from continuing operations before income taxes(4,325)      
Income from continuing operations before income taxes:3,0932,1592,0511,7131,8241,0181,598
Income tax expense (benefit)(577)(491)(452)(130)(913)83(245)
Net income:2,5161,6681,5991,5839111,1011,353
Other undisclosed net income attributable to parent0      
Net income available to common stockholders, diluted:2,5161,6681,5991,5839111,1011,353

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:2,5161,6681,5991,5839111,1011,353
Other comprehensive income (loss)(1,414)7491,021(599)283(508)(404)
Comprehensive income, net of tax, attributable to parent:1,1022,4172,6209841,194592948

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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