---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-21-100614"
form_type: "8-K"
ticker: "GLBZ"
cik: "0000890066"
company_name: "GLEN BURNIE BANCORP"
filed_at: "2021-08-05T23:59:59+00:00"
generated_at: "2026-06-29T22:11:11.399516+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Glen Burnie Bancorp posts Q2 net income of $480K vs loss of $96K YoY

## Summary
- Net income $480K ($0.17 EPS) in Q2 2021 vs net loss $96K ($0.03) in Q2 2020.
- Six-month net income $1,074K ($0.38) vs $174K ($0.06) in same period 2020.
- Recorded $67K benefit from release of allowance for credit losses vs $487K provision in Q2 2020.
- Total assets $432.8M; loans decreased $50.1M (17.6%) to $234.9M; deposits grew 7.9% to $368.9M.
- Book value $12.43 per share; bank remains well-capitalized with tier 1 risk-based capital ratio of 13.45%.

## SEC filing metadata
- accession: 0001104659-21-100614
- form_type: 8-K
- ticker: GLBZ
- cik: 0000890066
- company_name: GLEN BURNIE BANCORP
- filed_at: 2021-08-05T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/890066/000110465921100614/0001104659-21-100614-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/890066/000110465921100614/tm2124133d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-21-100614
- JSON: https://secwatch.observer/filing/0001104659-21-100614.json
- Plain text: https://secwatch.observer/filing/0001104659-21-100614.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.