---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-050104"
form_type: "8-K"
ticker: "GLBZ"
cik: "0000890066"
company_name: "GLEN BURNIE BANCORP"
filed_at: "2022-04-26T23:59:59+00:00"
generated_at: "2026-06-26T04:53:18.727894+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Glen Burnie Bancorp Q1 net income falls to $0.23M from $0.59M; EPS $0.08 vs $0.21

## Summary
- Net income $0.23M ($0.08 EPS) vs $0.59M ($0.21 EPS) in Q1 2021; net interest margin contracted to 2.54% from 2.93%.
- Total assets $437.4M; stockholders' equity fell to $27.3M ($9.55/book value) from $35.7M ($12.51) due to unrealized losses on AFS securities.
- Net recoveries of $11k on loans; allowance for credit losses at 1.17% of loans; nonperforming assets 0.05% of total assets.
- 119th consecutive quarterly dividend to be paid on May 9, 2022; amount not disclosed in release.

## SEC filing metadata
- accession: 0001104659-22-050104
- form_type: 8-K
- ticker: GLBZ
- cik: 0000890066
- company_name: GLEN BURNIE BANCORP
- filed_at: 2022-04-26T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/890066/000110465922050104/0001104659-22-050104-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/890066/000110465922050104/tm2213496d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-050104
- JSON: https://secwatch.observer/filing/0001104659-22-050104.json
- Plain text: https://secwatch.observer/filing/0001104659-22-050104.txt

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