---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-082914"
form_type: "8-K"
ticker: "GLBZ"
cik: "0000890066"
company_name: "GLEN BURNIE BANCORP"
filed_at: "2024-07-26T23:59:59+00:00"
generated_at: "2026-05-31T16:06:23.516178+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Glen Burnie Bancorp posts Q2 net loss of $204K ($0.07 EPS) vs $0.10 EPS a year ago

## Summary
- Net loss of $204K ($0.07 per share) for Q2 2024 vs net income of $276K ($0.10 per share) in Q2 2023.
- Net interest margin improved to 3.02% (up 16 bps linked quarter) but net interest income fell 14.86% YTD.
- Loans grew $20.9M YoY to $201.5M; deposits increased 1.9% from Dec 2023 but down 7.09% YoY.
- Provision for credit losses rose to $526K in Q2 (vs $127K a year ago) due to loan growth and CECL adjustments.
- Nonperforming assets remain low at 0.09% of total assets; regulatory capital ratios still above well-capitalized thresholds.

## SEC filing metadata
- accession: 0001104659-24-082914
- form_type: 8-K
- ticker: GLBZ
- cik: 0000890066
- company_name: GLEN BURNIE BANCORP
- filed_at: 2024-07-26T23:59:59+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/890066/000110465924082914/0001104659-24-082914-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/890066/000110465924082914/tm2420144d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-082914
- JSON: https://secwatch.observer/filing/0001104659-24-082914.json
- Plain text: https://secwatch.observer/filing/0001104659-24-082914.txt

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