Glen Burnie Bancorp reports Q4 2024 net loss of $39,000; suspends quarterly dividend

GLEN BURNIE BANCORP

2024-FY EPS reported -$0.04

Net loss of $39K (-$0.01/sh) in Q4 2024 vs net income of $167K ($0.06) in Q4 2023.
Full year 2024 net loss $112K (-$0.04/sh) vs net income of $1.4M ($0.50) in 2023.
Suspends quarterly cash dividend to reinvest in strategic opportunities.
Loans grew $28.9M to $205.2M; net interest income fell $1.2M to $10.9M on higher deposit costs.
Nonperforming assets at 0.10% of total assets; Tier 1 risk-based capital ratio 15.15%, well-capitalized.

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