---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-114817"
form_type: "8-K"
ticker: "GLBZ"
cik: "0000890066"
company_name: "GLEN BURNIE BANCORP"
filed_at: "2022-11-04T23:59:59+00:00"
generated_at: "2026-06-22T07:28:13.082461+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Glen Burnie Bancorp Q3 net income falls to $0.13 per share from $0.31 YoY; net interest margin down

## Summary
- Net income of $375,000 ($0.13/share) in Q3 2022 vs $888,000 ($0.31/share) in Q3 2021, a 58% decline.
- Net interest margin narrowed to 2.83% from 3.22% as average loan balances fell $32.4M and yield decreased.
- Book value per share dropped to $5.01 from $12.26 due to $21.7M after-tax unrealized losses on AFS securities.
- Nonperforming assets remained low at 0.05% of total assets; bank maintained well-capitalized status.
- Bancorp declared its 121st consecutive quarterly dividend payable Nov 7, 2022 (amount not specified).

## SEC filing metadata
- accession: 0001104659-22-114817
- form_type: 8-K
- ticker: GLBZ
- cik: 0000890066
- company_name: GLEN BURNIE BANCORP
- filed_at: 2022-11-04T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/890066/000110465922114817/0001104659-22-114817-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/890066/000110465922114817/tm2229759d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-114817
- JSON: https://secwatch.observer/filing/0001104659-22-114817.json
- Plain text: https://secwatch.observer/filing/0001104659-22-114817.txt

## Key facts
- Earnings Releases
  GLEN BURNIE BANCORP reported the nine-month period ended September 30, 2022 results: net income $915,000, EPS $0.32 per basic and diluted common share.
  - Period: the nine-month period ended September 30, 2022
  - Net income: $915,000
  - EPS: $0.32 per basic and diluted common share
  - Result: reported results
  source text: Bancorp reported net income of $915,000, or $0.32 per basic and diluted common share for the nine-month period ended September 30, 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/890066/000110465922114817/0001104659-22-114817-index.htm
- Earnings Releases
  GLEN BURNIE BANCORP reported the three-month period ended September 30, 2022 results: net income $375,000, EPS $0.13 per basic and diluted common share.
  - Period: the three-month period ended September 30, 2022
  - Net income: $375,000
  - EPS: $0.13 per basic and diluted common share
  - Result: reported results
  source text: announced today net income of $375,000, or $0.13 per basic and diluted common share for the three-month period ended September 30, 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/890066/000110465922114817/0001104659-22-114817-index.htm

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