---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-009994"
form_type: "8-K"
ticker: "GLBZ"
cik: "0000890066"
company_name: "GLEN BURNIE BANCORP"
filed_at: "2025-02-06T23:59:59+00:00"
generated_at: "2026-05-27T02:12:07.303700+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-25-009994
- form_type: 8-K
- ticker: GLBZ
- cik: 0000890066
- company_name: GLEN BURNIE BANCORP
- filed_at: 2025-02-06T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/890066/000110465925009994/0001104659-25-009994-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/890066/000110465925009994/tm255587d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-009994
- JSON: https://secwatch.observer/filing/0001104659-25-009994.json
- Plain text: https://secwatch.observer/filing/0001104659-25-009994.txt

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