---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-021204"
form_type: "8-K"
ticker: "GLBZ"
cik: "0000890066"
company_name: "GLEN BURNIE BANCORP"
filed_at: "2023-02-14T23:59:59+00:00"
generated_at: "2026-06-19T15:03:49.702874+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Glen Burnie Bancorp Q4 net income $830K ($0.29/sh); FY net income $1.75M, down 30% YoY

## Summary
- Q4 2022 net income $830K ($0.29/sh) vs $554K ($0.19/sh) in Q4 2021.
- Full year 2022 net income $1.75M ($0.61/sh) vs $2.52M ($0.88/sh) in 2021.
- Book value per share fell to $5.60 from $12.51 due to unrealized losses on AFS securities.
- Net interest margin Q4 2022: 3.27% (up from 2.95% Q4 2021); full year 2022: 2.81% (down from 3.00% in 2021).
- Total assets $381.4M at Dec 31, 2022, down 13.7% YoY; nonperforming assets 0.13% of total assets.

## SEC filing metadata
- accession: 0001104659-23-021204
- form_type: 8-K
- ticker: GLBZ
- cik: 0000890066
- company_name: GLEN BURNIE BANCORP
- filed_at: 2023-02-14T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/890066/000110465923021204/0001104659-23-021204-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/890066/000110465923021204/tm236660d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-021204
- JSON: https://secwatch.observer/filing/0001104659-23-021204.json
- Plain text: https://secwatch.observer/filing/0001104659-23-021204.txt

## Key facts
- Earnings Releases
  GLEN BURNIE BANCORP reported three-month period ended December 31, 2022 results: net income net income of $830,000, EPS $0.29 per basic and diluted common share.
  - Period: three-month period ended December 31, 2022
  - Net income: net income of $830,000
  - EPS: $0.29 per basic and diluted common share
  - Result: reported results
  source text: Glen Burnie Bancorp (“Bancorp”) (NASDA Q: GLBZ), the bank holding company for The Bank of Glen Burnie (“Bank”), announced today net income of $830,000, or $0.29 per basic and diluted common share for the three-month period ended December 31, 2022, compared to net income of $554,000, or $0.19 per basic and diluted common share for the three-month period ended December 31, 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/890066/000110465923021204/0001104659-23-021204-index.htm
- Earnings Releases
  GLEN BURNIE BANCORP reported twelve-month period ended December 31, 2022 results: net income net income of $1.75 million, EPS $0.61 per basic and diluted common share.
  - Period: twelve-month period ended December 31, 2022
  - Net income: net income of $1.75 million
  - EPS: $0.61 per basic and diluted common share
  - Result: reported results
  source text: Bancorp reported net income of $1.75 million, or $0.61 per basic and diluted common share for the twelve-month period ended December 31, 2022, compared to $2.52 million, or $0.88 per basic and diluted common share for the same period in 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/890066/000110465923021204/0001104659-23-021204-index.htm

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