---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-087125"
form_type: "8-K"
ticker: "GLBZ"
cik: "0000890066"
company_name: "GLEN BURNIE BANCORP"
filed_at: "2022-08-08T23:59:59+00:00"
generated_at: "2026-06-24T03:07:40.089250+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Glen Burnie Bancorp Q2 net income drops to $309K ($0.11 EPS) from $480K ($0.17) YoY

## Summary
- Net income $309K vs $480K in Q2 2021; six-month net income $540K vs $1,074K.
- Net interest margin declined to 2.61% from 2.92% as loan yields fell and interest-earning asset mix shifted.
- Book value per share dropped to $7.44 from $12.43, driven by $14.9M after-tax unrealized losses on AFS securities.
- Loan portfolio fell 16.24% YoY to $200.7M; total assets $429.4M, down 0.77%.
- Bank remains well-capitalized; Tier 1 risk-based capital 15.13% vs 13.45% a year ago.

## SEC filing metadata
- accession: 0001104659-22-087125
- form_type: 8-K
- ticker: GLBZ
- cik: 0000890066
- company_name: GLEN BURNIE BANCORP
- filed_at: 2022-08-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/890066/000110465922087125/0001104659-22-087125-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/890066/000110465922087125/tm2222851d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-087125
- JSON: https://secwatch.observer/filing/0001104659-22-087125.json
- Plain text: https://secwatch.observer/filing/0001104659-22-087125.txt

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