secwatch.observer — SEC 8-K summary
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Issuer:     GLEN BURNIE BANCORP (GLBZ)
CIK:        0000890066
Form:       8-K
Filed at:   2025-02-06T23:59:59+00:00
Accession:  0001104659-25-009994
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/890066/000110465925009994/0001104659-25-009994-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/890066/000110465925009994/tm255587d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-009994

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