---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-011140"
form_type: "8-K"
ticker: "GLBZ"
cik: "0000890066"
company_name: "GLEN BURNIE BANCORP"
filed_at: "2022-02-03T23:59:59+00:00"
generated_at: "2026-06-27T12:06:37.998182+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Glen Burnie Bancorp reports FY2021 net income $2.5M, up 51% YoY; Q4 EPS flat at $0.19

## Summary
- Q4 2021 net income $0.55M ($0.19 EPS), unchanged from Q4 2020.
- Full year 2021 net income $2.52M ($0.88 EPS) vs $1.67M ($0.59 EPS) in 2020.
- Net loans fell 17.6% YoY to $210.4M; $975k release of allowance for credit losses improved earnings.
- Net interest margin compressed to 2.95% in Q4 2021 from 3.19% a year ago.
- Book value per share $12.51, down from $13.05; bank remains well-capitalized with tier 1 ratio 15.32%.

## SEC filing metadata
- accession: 0001104659-22-011140
- form_type: 8-K
- ticker: GLBZ
- cik: 0000890066
- company_name: GLEN BURNIE BANCORP
- filed_at: 2022-02-03T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/890066/000110465922011140/0001104659-22-011140-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/890066/000110465922011140/tm225238d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-011140
- JSON: https://secwatch.observer/filing/0001104659-22-011140.json
- Plain text: https://secwatch.observer/filing/0001104659-22-011140.txt

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