secwatch.observer — SEC 8-K summary
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Issuer:     GLEN BURNIE BANCORP (GLBZ)
CIK:        0000890066
Form:       8-K
Filed at:   2023-10-31T23:59:59+00:00
Accession:  0001104659-23-112755
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Glen Burnie Bancorp Q3 net income $551k ($0.19 EPS) up 47% YoY; NIM 3.21%
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- Net income $551,000 vs $375,000 in Q3 2022; EPS $0.19 vs $0.13.
- Net interest margin improved to 3.21% from 2.83% YoY; net interest income $3.0M.
- Total assets $355.4M, down 14.5% YoY; deposits $314.8M, down 16.9%.
- Book value per share $4.57 vs $5.01; nonperforming assets at 0.16% of assets.
- 125th consecutive quarterly dividend payable Nov 6, 2023; regulatory capital well above well-capitalized.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/890066/000110465923112755/0001104659-23-112755-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/890066/000110465923112755/tm2329451d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-112755

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer