{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-052542","form_type":"8-K","ticker":"GLBZ","cik":"0000890066","company_name":"GLEN BURNIE BANCORP","filed_at":"2024-04-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:22.327844+00:00","generated_at":"2026-06-03T07:04:36.325209+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Glen Burnie Bancorp posts near-zero Q1 net income of $3,000; EPS $0.00","bullets":["Net income $3,000 vs $0.44M in Q1 2023; diluted EPS $0.00 vs $0.15.","Net interest income fell 19% to $2.6M; net interest margin narrowed 55bp to 2.86%.","Deposit costs rose $295K and short-term borrowing costs rose $431K versus last year.","Total deposits grew 3% to $309.2M; borrowings up 33% to $40M; book value $6.28.","Nonperforming assets remain low at 0.10% of total assets; 127th consecutive quarterly dividend announced (amount undisclosed)."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-052542","json":"https://secwatch.observer/filing/0001104659-24-052542.json","markdown":"https://secwatch.observer/filing/0001104659-24-052542.md","text":"https://secwatch.observer/filing/0001104659-24-052542.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/890066/000110465924052542/0001104659-24-052542-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/890066/000110465924052542/tm2412764d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T07:04:36.325209+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"6384f7ef7b7b8b28c9bb3b8c0ccc51b4be57cd15","claim":"GLEN BURNIE BANCORP reported first quarter ended March 31, 2024 results: net income $3,000, EPS $0 per basic and diluted common share.","evidence_excerpt":"Net income for the first quarter was $3,000, or $0 per basic and diluted common share, as compared to $0.44 million, or $0.15 per basic and diluted common share for the three-month period ended March 31, 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/890066/000110465924052542/0001104659-24-052542-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2024"},{"label":"Net income","value":"$3,000"},{"label":"EPS","value":"$0 per basic and diluted common share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}