secwatch.observer — SEC 8-K summary
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Issuer:     GLEN BURNIE BANCORP (GLBZ)
CIK:        0000890066
Form:       8-K
Filed at:   2021-11-03T23:59:59+00:00
Accession:  0001104659-21-133542
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GLBZ Q3 net income down 6.4% to $888K ($0.31 EPS); nine-month net income up 74.7% to $1.96M ($0.69)
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- Net interest income rose $344K to $3.34M; net interest margin expanded to 3.22% from 3.05%.
- Loans (net) fell $50.5M to $221.9M (-18.6%) while deposits increased $30.6M to $374.5M (+8.9%).
- ACL-loans benefit was $122K in Q3 vs $669K a year earlier; year-to-date benefit $593K vs $263K.
- Return on average assets 0.81% (down from 0.92%); return on average equity 9.56% (down from 10.18%).
- Book value per share declined to $12.26 from $12.86; total assets $432.8M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/890066/000110465921133542/0001104659-21-133542-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/890066/000110465921133542/tm2131821d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-21-133542

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer