Glen Burnie Bancorp Announces Third Quarter 2025 Results
Glen Burnie Bancorp (NASDAQ: GLBZ) reported Q3 2025 net income of $125,000 ($0.04 diluted) and YTD net income of $66,000 ($0.02 diluted), improving from a nine-month 2024 loss. Net interest margin rose to 3.24%, up 11 bps sequentially. Loans totaled $215.3M (up $2.0M q/q) and deposits were $329.1M (up $11.8M q/q). Liquidity strengthened as the Bank paid off all FHLB advances by quarter-end.
The Bank completed the acquisition of VA Wholesale Mortgage on Aug 15, 2025 for $750,000; VAWM originates about $125M of mortgages annually and contributed $192,000 in mortgage fees in Q3, lifting noninterest income to $571,000.
Glen Burnie Bancorp (NASDAQ: GLBZ) ha riportato un utile netto del Q3 2025 di $125.000 (0,04$ diluito) e un utile netto YTD di $66.000 (0,02$ diluito), migliorando rispetto a una perdita nei primi nove mesi del 2024. Il margine di interesse netto è salito al 3,24%, in aumento di 11 punti base rispetto al periodo precedente. I prestiti ammontavano a $215,3M (in aumento di $2,0M trimestre su trimestre) e i depositi erano $329,1M (in aumento di $11,8M trimestre su trimestre). La liquidità si è rafforzata poiché la banca ha estinto tutti i prestiti FHLB entro la fine del trimestre.
La banca ha completato l'acquisizione di VA Wholesale Mortgage il 15 ago 2025 per $750.000; VAWM origina circa $125M di mutui all'anno e ha contribuito $192.000 di onorari ipotecari nel Q3, aumentando il reddito non da interessi a $571.000.
Glen Burnie Bancorp (NASDAQ: GLBZ) reportó utilidad neta del 3T 2025 de $125,000 ($0.04 diluido) y utilidad neta acumulada del año hasta la fecha de $66,000 ($0.02 diluido), mejorando desde una pérdida en los primeros nueve meses de 2024. Margen neto de interés aumentó a 3.24%, 11 pbs más que el trimestre anterior. Los préstamos sumaron $215.3M (con un aumento de $2.0M trimestre a trimestre) y los depósitos fueron $329.1M (con un aumento de $11.8M trimestre a trimestre). La liquidez se fortaleció ya que el banco pagó todos los avances de FHLB al cierre del trimestre.
El banco completó la adquisición de VA Wholesale Mortgage el 15 de agosto de 2025 por $750,000; VAWM origina alrededor de $125M de hipotecas al año y contribuyó con $192,000 en comisiones hipotecarias en el 3T, elevando los ingresos no relacionados con intereses a $571,000.
Glen Burnie Bancorp (NASDAQ: GLBZ)는 2025년 3분기 순이익이 $125,000이고 (희석 주당 이익 $0.04), 연간 순이익 누적 $66,000 (희석 주당 이익 $0.02)로 2024년 9개월 손실에서 개선되었습니다. 순이자 마진은 3.24%로 상승했고 전분기 대비 11bp 상승했습니다. 대출은 총 $215.3M로 전분기 대비 $2.0M 증가했고 예금은 $329.1M로 전분기 대비 $11.8M 증가했습니다. 분기말까지 모든 FHLB 차입금을 상환함으로써 유동성도 강화되었습니다.
또한 은행은 2025년 8월 15일 VA Wholesale Mortgage를 $750,000에 인수했습니다; VAWM은 매년 약 $125M의 모기지를 취급하며 3분기에 모기지 수수료로 $192,000를 기여해 비이자수익이 $571,000로 증가했습니다.
Glen Burnie Bancorp (NASDAQ: GLBZ) a annoncé un bénéfice net du T3 2025 de 125 000 $ (0,04 $ dilué) et un bénéfice net cumulé de l'année à ce jour de 66 000 $ (0,02 $ dilué), en amélioration par rapport à une perte sur les neuf premiers mois de 2024. Marge nette d'intérêt est montée à 3,24 %, en hausse de 11 points de base par rapport au trimestre précédent. Les prêts ont totalisé 215,3 M$ (en hausse de 2,0 M$ trimestre sur trimestre) et les dépôts ont été 329,1 M$ (en hausse de 11,8 M$ trimestre sur trimestre). La liquidité s'est renforcée alors que la banque a remboursé toutes les avances FHLB d'ici la fin du trimestre.
La banque a finalisé l'acquisition de VA Wholesale Mortgage le 15 août 2025 pour 750 000 $; VAWM origine environ 125 M$ de prêts hypothécaires annuellement et a contribué avec 192 000 $ de frais hypothécaires au T3, faisant passer les revenus non liés aux intérêts à 571 000 $.
Glen Burnie Bancorp (NASDAQ: GLBZ) meldete Quartalsnettoeinkommen Q3 2025 von $125.000 ($0.04 verdünnt) und YTD-Nettoeinkommen von $66.000 ($0.02 verdünnt), was sich von einem Verlust in den ersten neun Monaten 2024 verbessert hat. Nettomarge stieg auf 3,24%, SEQUENTIEL 11 Basispunkte höher. Kredite beliefen sich auf $215,3M (Plus $2,0M q/q) und Einlagen betrugen $329,1M (Plus $11,8M q/q). Liquidität stärkte sich, da die Bank bis zum Quartalsende alle FHLB-Vorschüsse getilgt hat.
Die Bank schloss die Übernahme von VA Wholesale Mortgage am 15. August 2025 für $750.000 ab; VAWM vergibt jährlich etwa $125M an Hypotheken und trug im Q3 $192.000 an Hypothekengebühren bei, wodurch der Nichtzins-Ertrag auf $571.000 stieg.
Glen Burnie Bancorp (NASDAQ: GLBZ) أبلغت عن صافي دخل الربع الثالث 2025 بقيمة 125,000 دولار (0.04 دولار مخصوم) وصافي دخل السنة حتى التاريخ بقيمة 66,000 دولار (0.02 دولار مخصوم)، محسنًا من خسارة خلال تسعة أشهر في 2024. هامش صافي الفائدة ارتفع إلى 3.24%، بزيادة 11 نقطة أساس مقارنة بالربع السابق. بلغت القروض الإجمالية $215.3M (ارتفاع بمقدار $2.0M ربعًا إلى ربع) وبلغت الودائع $329.1M (ارتفاع بمقدار $11.8M ربعًا إلى ربع). تعززت السيولة مع سداد البنك لجميع تسديدات FHLB قبل نهاية الربع.
أكملت البنك الاستحواذ على VA Wholesale Mortgage في 15 آب/أغسطس 2025 بمبلغ $750,000; يَقْدِر VAWM بأن يقرض نحو $125M من الرهون العقارية سنويًا وساهم بـ $192,000 في رسوم الرهن في الربع الثالث، ما رفع الدخل غير من الفوائد إلى $571,000.
- Q3 net income of $125,000
- Net interest margin expanded to 3.24% (+11 bps q/q)
- Total deposits of $329.1M (+$11.8M q/q)
- Acquisition of VA Wholesale Mortgage for $750,000 expanding mortgage origination
- VAWM contributed $192,000 mortgage fees; noninterest income $571,000
- Non-performing loans ratio of 0.56% (up 40 bps YoY)
- Net charge-offs of $93,000 in Q3 2025
- Allowance for loan losses to loans at 1.19% (down 14 bps YoY)
- Noninterest expense of $3.3M (up $0.3M YoY) driven by acquisition costs
Insights
Modest quarter with small positive earnings, margin expansion, loan and deposit growth, and a strategic mortgage acquisition driving fee income.
The company reported net income of
Credit metrics show low but slightly rising stress: non-performing loans at
The acquisition of VA Wholesale Mortgage Incorporated completed
Dependencies and risks include the bank’s ability to integrate VAWM under the disclosed earn-out and employment conditions, control rising non-interest expense tied to acquisition and staffing, and manage modestly higher asset-quality metrics. Monitor quarterly net interest margin, quarterly mortgage fee run-rate from VAWM, loan growth versus securities runoff, and allowance coverage over the next
Highlights for the Third Quarter of 2025:
- Net income of
$125,000 or$0.04 per diluted EPS during the third quarter of 2025, an improvement of$337,000 on a linked quarter basis, and net income of$66,000 or$0.02 per diluted EPS for the nine-month period ending September 30, 2025, an improvement of$138,000 from the previous year’s nine-month period loss of$72,000. - Net interest margin on a tax equivalent basis increased to
3.24% with a margin expansion of 11 basis points during the third quarter of 2025 compared to the second quarter of 2025. - Total loans increased by
$2.0 million during the third quarter of 2025 and were up$7.3 million on an average balance basis from the second quarter of 2025. - Total deposits were
$329.1 million at September 30, 2025, up$11.8 million from June 30, 2025. Liquidity continues to remain at a very strong level, as evidenced by paying down all FHLB advances by the end of the quarter. The Bank is well positioned for future growth. - As of the close of business on August 15, 2025, The Bank of Glen Burnie (“Bank”) completed the acquisition of VA Wholesale Mortgage Incorporated (“VAWM”). During the short period from August 16 to September 30, 2025, VAWM generated pretax income of
$36,000. VAWM originates approximately$125 million per year in new mortgages across a wide array of loan products with specialized expertise in mortgage solutions for veterans and military personnel. The acquisition is expected to provide access to new products and markets for the Bank, create the ability to originate and sell mortgages off our balance sheet, and provide cross-selling opportunities for the Bank’s products and services to VAWM’s existing and new clients.
GLEN BURNIE, Md., Oct. 31, 2025 (GLOBE NEWSWIRE) -- Glen Burnie Bancorp (“Bancorp”) (NASDAQ: GLBZ), the bank holding company for The Bank of Glen Burnie (“Bank”), today reported net income of
Year-to-date through September 30, 2025, net earnings were
“We are pleased with our results for this quarter as our strategic initiatives that were started over a year ago, continue to improve our balance sheet position and earnings. We are also excited to complete the acquisition of VAWM as we believe that our new subsidiary will help grow our non-interest income, increase our ability to serve new markets, and add a cornerstone product to our expanding line of products and services,” said Mark C. Hanna, President and Chief Executive Officer. “Our strategic priorities continue to focus on increasing new revenue sources by growing our client relationships and becoming more operationally efficient. Achieving these objectives will expand our return on assets and capital.”
Mr. Hanna added, “We were also very pleased to see that our deposit base and cost of funding continues to remain competitive and stable while seeing good growth in our loan revenues. With strong liquidity and ample capital, we are very excited about our future and the benefits our strategic initiatives are beginning to produce.”
Loan Portfolio Quality/Allowance for Loan Losses
The Bank’s asset quality metrics continue to be very good due to our focus on disciplined lending practices. The non-performing loans ratio as of September 30, 2025, was
Mr. Hanna noted, “We continue to see and experience very good credit results and indicators in our markets, while our non-performing assets remain at lower levels. Our allowance for credit losses at
Balance Sheet
Total loans were
Total deposits were
Interest-bearing cost of deposits increased on a linked quarter basis to
Mr. Hanna commented, “We are glad to see continued growth in our deposit base as those deposits are a strength of our Bank and a big contributor to our strong liquidity. As of September 30, 2025, our liquidity sources improved to the point where we paid off all FHLB advances by the end of the quarter. We still have many sources for additional liquidity in the form of
The investment securities available for sale was
Each of the regulatory capital ratios for the Bank exceeds the well capitalized minimum levels currently required by regulatory statute. At September 30, 2025, the Bank’s regulatory capital ratios (Leverage, Tier I Risk Based and Total Risk Based) were
Revenue
Net Interest Income/Net Interest Margin
Net interest income was
Mr. Hanna commented, “We continue to see our mix of earning assets move from cash and securities to a higher percentage of loans. A year ago, in the third quarter of 2024, our loans were
Non-Interest Income
Non-interest income in the third quarter of 2025 was
Non-Interest Expense
Noninterest expense totaled
Acquisition Summary – VA Wholesale Mortgage Incorporated
As of the close of business on August 15, 2025, the Bank, a Maryland-chartered bank, completed the acquisition of VAWM, a Virginia corporation engaged in residential mortgage banking, lending, and brokerage services, from Eric Tan, its sole shareholder (“Seller”).
Pursuant to the Stock Purchase Agreement, the Bank purchased 100 percent of the issued and outstanding shares of VAWM for a total purchase price of
In addition, the Seller is entitled to post-closing contingent consideration (“earn-out”) equal to
Concurrent with closing, the Seller entered into an employment agreement with the Bank, continuing to serve in a management role to support the integration of the mortgage operations into the Bank’s business. The acquisition was affected through a private stock purchase and did not involve the issuance of any shares by the Bank.
The transaction was accounted for as a purchase of a business under ASC 805, with VAWM becoming a wholly owned subsidiary of the Bank. The acquisition expands the Bank’s retail mortgage banking capabilities within its existing Mid-Atlantic market footprint. Further details of the financial impacts will be included in the Bancorp’s Financial Statements and Notes in Form 10-Q for the period ended September 30, 2025.
Glen Burnie Bancorp Information
Glen Burnie Bancorp is a bank holding company headquartered in Glen Burnie, Maryland. Founded in 1949, The Bank of Glen Burnie® is a locally owned community bank with six branch offices serving Anne Arundel County. The Bank is engaged in the commercial and retail banking business including the acceptance of demand and time deposits, and the origination of loans to individuals, associations, partnerships, and corporations. The Bank’s real estate financing consists of residential first and second mortgage loans, home equity lines of credit and commercial mortgage loans. The Bank also originates automobile loans through arrangements with local automobile dealers. Additional information is available at www.thebankofglenburnie.com.
Forward-Looking Statements
The statements contained herein that are not historical financial information may be deemed to constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are subject to certain risks and uncertainties, which could cause the Company’s actual results in the future to differ materially from its historical results and those presently anticipated or projected. These statements are evidenced by terms such as “anticipate,” “estimate,” “should,” “expect,” “believe,” “intend,” and similar expressions. Although these statements reflect management’s good faith beliefs and projections, they are not guarantees of future performance and they may not prove true. For a more complete discussion of these and other risk factors, please see the Company’s reports filed with the Securities and Exchange Commission.
| GLEN BURNIE BANCORP AND SUBSIDIARY | |||||||||||||||
| CONSOLIDATED BALANCE SHEETS | |||||||||||||||
| (dollars in thousands) | |||||||||||||||
| September 30, | June 30, | December 31, | September 30, | ||||||||||||
| 2025 | 2025 | 2024 | 2024 | ||||||||||||
| (unaudited) | (unaudited) | (audited) | (audited) | ||||||||||||
| ASSETS | |||||||||||||||
| Cash and due from banks | $ | 2,359 | $ | 1,677 | $ | 2,012 | $ | 2,255 | |||||||
| Interest-bearing deposits in other financial institutions | 9,868 | 10,991 | 22,452 | 20,207 | |||||||||||
| Total Cash and Cash Equivalents | 12,227 | 12,668 | 24,464 | 22,462 | |||||||||||
| Investment securities available for sale, at fair value | 104,141 | 104,566 | 107,949 | 119,958 | |||||||||||
| Restricted equity securities, at cost | 251 | 869 | 1,671 | 246 | |||||||||||
| Loans | 215,320 | 213,362 | 205,219 | 206,975 | |||||||||||
| Less: Allowance for credit losses | (2,568 | ) | (2,587 | ) | (2,839 | ) | (2,748 | ) | |||||||
| Loans, net | 212,752 | 210,775 | 202,380 | 204,227 | |||||||||||
| Premises and equipment, net | 2,463 | 2,575 | 2,678 | 2,723 | |||||||||||
| Bank owned life insurance | 8,966 | 8,921 | 8,834 | 8,789 | |||||||||||
| Deferred tax assets, net | 7,475 | 8,102 | 8,548 | 6,879 | |||||||||||
| Accrued interest receivable | 1,340 | 1,206 | 1,345 | 1,478 | |||||||||||
| Accrued taxes receivable | 310 | 271 | 148 | 497 | |||||||||||
| Prepaid expenses | 434 | 386 | 471 | 486 | |||||||||||
| Other assets | 1,435 | 382 | 468 | 614 | |||||||||||
| Total Assets | $ | 351,794 | $ | 350,721 | $ | 358,956 | $ | 368,359 | |||||||
| LIABILITIES | |||||||||||||||
| Noninterest-bearing deposits | $ | 107,368 | $ | 107,027 | $ | 100,747 | $ | 115,938 | |||||||
| Interest-bearing deposits | 221,701 | 210,289 | 208,442 | 198,335 | |||||||||||
| Total Deposits | 329,069 | 317,316 | 309,189 | 314,273 | |||||||||||
| Short-term borrowings | - | 13,000 | 30,000 | 30,000 | |||||||||||
| Defined pension liability | 341 | 340 | 330 | 329 | |||||||||||
| Accrued expenses and other liabilities | 1,655 | 1,132 | 1,620 | 2,597 | |||||||||||
| Total Liabilities | 331,065 | 331,788 | 341,139 | 347,199 | |||||||||||
| STOCKHOLDERS' EQUITY | |||||||||||||||
| Common stock, par value | |||||||||||||||
| 2,920 | 2,901 | 2,901 | 2,901 | ||||||||||||
| Additional paid-in capital | 11,119 | 11,037 | 11,037 | 11,037 | |||||||||||
| Deferred Compensation, Restricted Stock | (84 | ) | - | - | - | ||||||||||
| Retained earnings | 22,948 | 22,823 | 22,882 | 22,921 | |||||||||||
| Accumulated other comprehensive loss | (16,174 | ) | (17,828 | ) | (19,003 | ) | (15,699 | ) | |||||||
| Total Stockholders' Equity | 20,729 | 18,933 | 17,817 | 21,160 | |||||||||||
| Total Liabilities and Stockholders' Equity | $ | 351,794 | $ | 350,721 | $ | 358,956 | $ | 368,359 | |||||||
| GLEN BURNIE BANCORP AND SUBSIDIARY | |||||||||||||||
| CONSOLIDATED STATEMENTS OF (LOSS) INCOME | |||||||||||||||
| (dollars in thousands, except per share amounts) | |||||||||||||||
| (unaudited) | |||||||||||||||
| Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||
| 2025 | 2024 | 2025 | 2024 | ||||||||||||
| Interest income | |||||||||||||||
| Interest and fees on loans | $ | 3,126 | $ | 2,908 | $ | 8,744 | $ | 7,648 | |||||||
| Interest and dividends on securities | 719 | 814 | 2,196 | 2,605 | |||||||||||
| Interest on deposits with banks and federal funds sold | 92 | 237 | 503 | 1,004 | |||||||||||
| Total Interest Income | 3,937 | 3,959 | 11,443 | 11,257 | |||||||||||
| Interest expense | |||||||||||||||
| Interest on deposits | 1,044 | 730 | 2,827 | 1,716 | |||||||||||
| Interest on short-term borrowings | 62 | 408 | 486 | 1,363 | |||||||||||
| Total Interest Expense | 1,106 | 1,138 | 3,313 | 3,079 | |||||||||||
| Net Interest Income | 2,832 | 2,821 | 8,130 | 8,178 | |||||||||||
| Provision (release) of credit loss allowance | 44 | 105 | (498 | ) | 897 | ||||||||||
| Net interest income after credit loss (release) provision | 2,788 | 2,716 | 8,628 | 7,281 | |||||||||||
| Noninterest income | |||||||||||||||
| Service charges on deposit accounts | 37 | 36 | 102 | 109 | |||||||||||
| Mortgage Commissions | 192 | - | 192 | - | |||||||||||
| Other fees and commissions | 297 | 273 | 570 | 584 | |||||||||||
| Income on life insurance | 45 | 45 | 132 | 132 | |||||||||||
| Total Noninterest Income | 571 | 354 | 1,758 | 825 | |||||||||||
| Noninterest expenses | |||||||||||||||
| Salary and employee benefits | 1,865 | 1,654 | 5,718 | 4,872 | |||||||||||
| Occupancy and equipment expenses | 249 | 327 | 813 | 996 | |||||||||||
| Legal, accounting and other professional fees | 478 | 267 | 1,140 | 769 | |||||||||||
| Data processing and item processing services | 219 | 263 | 700 | 755 | |||||||||||
| FDIC insurance costs | 46 | 41 | 132 | 119 | |||||||||||
| Advertising and marketing related expenses | 45 | 40 | 111 | 88 | |||||||||||
| Loan collection costs | 19 | 5 | 71 | 11 | |||||||||||
| Telephone costs | 20 | 41 | 83 | 110 | |||||||||||
| Other expenses | 331 | 354 | 1,021 | 928 | |||||||||||
| Total Noninterest Expenses | 3,272 | 2,991 | 9,789 | 8,648 | |||||||||||
| Income (loss) before income taxes | 87 | 79 | (164 | ) | (542 | ) | |||||||||
| Income tax benefit | (38 | ) | (50 | ) | (231 | ) | (470 | ) | |||||||
| Net income (loss) | $ | 125 | $ | 129 | $ | 66 | $ | (72 | ) | ||||||
| Basic and diluted net income (loss) per common share | $ | 0.04 | $ | 0.04 | $ | 0.02 | $ | (0.02 | ) | ||||||
| GLEN BURNIE BANCORP AND SUBSIDIARY | ||||||||||||||||||||
| CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY | ||||||||||||||||||||
| For the nine months ended September 30, 2025 and 2024 | ||||||||||||||||||||
| (dollars in thousands) | ||||||||||||||||||||
| Accumulated | ||||||||||||||||||||
| Additional | Other | Total | ||||||||||||||||||
| Common | Paid-in | Retained | Comprehensive | Stockholders' | ||||||||||||||||
| (unaudited) | Stock | Capital | Earnings | (Loss) Income | Equity | |||||||||||||||
| Balance, December 31, 2023 | $ | 2,883 | $ | 10,964 | $ | 23,859 | $ | (18,381 | ) | $ | 19,325 | |||||||||
| Net income | - | - | (72 | ) | - | (72 | ) | |||||||||||||
| Cash dividends, | - | - | (866 | ) | - | (866 | ) | |||||||||||||
| Dividends reinvested under | ||||||||||||||||||||
| dividend reinvestment plan | 18 | 73 | - | - | 91 | |||||||||||||||
| Other comprehensive income | - | - | - | 2,682 | 2,682 | |||||||||||||||
| Balance, September 30, 2024 | $ | 2,901 | $ | 11,037 | $ | 22,921 | $ | (15,699 | ) | $ | 21,160 | |||||||||
| Accumulated | ||||||||||||||||||||
| Additional | Other | Total | ||||||||||||||||||
| Common | Paid-in | Retained | Comprehensive | Stockholders' | ||||||||||||||||
| (unaudited) | Stock | Capital | Earnings | (Loss) Income | Equity | |||||||||||||||
| Balance, December 31, 2024 | $ | 2,901 | $ | 11,037 | $ | 22,882 | $ | (19,003 | ) | $ | 17,817 | |||||||||
| Net income | - | - | 66 | - | 66 | |||||||||||||||
| Other comprehensive income | - | - | - | 2,829 | 2,829 | |||||||||||||||
| Deferred compensation, restricted stock | 19 | (2 | ) | - | - | 17 | ||||||||||||||
| Balance, September 30, 2025 | $ | 2,920 | $ | 11,035 | $ | 22,948 | $ | (16,174 | ) | $ | 20,729 | |||||||||
| GLEN BURNIE BANCORP AND SUBSIDIARY | |||||||||||||||
| SELECTED FINANCIAL DATA | |||||||||||||||
| (dollars in thousands, except per share amounts) | |||||||||||||||
| Three Months Ended | Year Ended | ||||||||||||||
| September 30, | June 30 | September 30, | December 31, | ||||||||||||
| 2025 | 2025 | 2024 | 2024 | ||||||||||||
| (unaudited) | (unaudited) | (unaudited) | (unaudited) | ||||||||||||
| Financial Data | |||||||||||||||
| Assets | $ | 351,794 | $ | 350,721 | $ | 368,359 | $ | 358,956 | |||||||
| Investment securities | 104,141 | 104,566 | 119,958 | 107,949 | |||||||||||
| Loans | 215,320 | 213,362 | 206,975 | 205,219 | |||||||||||
| Allowance for loan losses | 2,568 | 2,587 | 2,748 | 2,839 | |||||||||||
| Deposits | 329,069 | 317,316 | 314,273 | 309,189 | |||||||||||
| Borrowings | - | 13,000 | 30,000 | 30,000 | |||||||||||
| Stockholders' equity | 20,729 | 18,933 | 21,160 | 17,817 | |||||||||||
| Net income (loss) | 125 | (212 | ) | 129 | (112 | ) | |||||||||
| Average Balances | |||||||||||||||
| Assets | $ | 353,651 | $ | 356,587 | $ | 363,025 | $ | 363,994 | |||||||
| Investment securities | 127,918 | 130,343 | 151,760 | 148,037 | |||||||||||
| Loans | 216,263 | 208,951 | 188,627 | 192,646 | |||||||||||
| Deposits | 326,906 | 317,647 | 308,435 | 309,838 | |||||||||||
| Borrowings | 5,286 | 17,824 | 33,520 | 32,721 | |||||||||||
| Stockholders' equity | 19,452 | 19,780 | 18,684 | 19,169 | |||||||||||
| Performance Ratios | |||||||||||||||
| Annualized return on average assets | 0.14 | % | -0.24 | % | 0.14 | % | -0.03 | % | |||||||
| Annualized return on average equity | 2.56 | % | -4.30 | % | 2.75 | % | -0.58 | % | |||||||
| Net interest margin - FTE | 3.24 | % | 3.13 | % | 3.14 | % | 3.06 | % | |||||||
| Dividend payout ratio | 0 | % | 0 | % | 223 | % | N/M | ||||||||
| Book value per share | $ | 7.10 | $ | 6.53 | $ | 7.29 | $ | 6.14 | |||||||
| Basic and diluted net income (loss) per share | 0.04 | (0.07 | ) | 0.04 | (0.04 | ) | |||||||||
| Cash dividends declared per share | 0.00 | 0.00 | 0.10 | 0.30 | |||||||||||
| Basic and diluted weighted average shares outstanding | 2,919,695 | 2,919,695 | 2,897,929 | 2,893,871 | |||||||||||
| Asset Quality Ratios | |||||||||||||||
| Allowance for loan losses to loans | 1.19 | % | 1.21 | % | 1.33 | % | 1.38 | % | |||||||
| Nonperforming loans to avg. loans | 0.56 | % | 0.51 | % | 0.16 | % | 0.19 | % | |||||||
| Allowance for loan losses to nonaccrual & 90+ past due loans | 213.9 | % | 242.8 | % | 937.5 | % | 789.1 | % | |||||||
| Net charge-offs (recoveries) | $ | 93 | $ | 45 | $ | (44 | ) | $ | 162 | ||||||
| Net charge-offs (recoveries) annualize to avg. loans | 0.17 | % | 0.09 | % | -0.09 | % | 0.08 | % | |||||||
| Capital Ratios | |||||||||||||||
| Common Equity Tier 1 Capital Ratio | 14.82 | % | 14.91 | % | 15.47 | % | 15.15 | % | |||||||
| Tier 1 Risk-based Capital Ratio | 14.82 | % | 14.91 | % | 15.47 | % | 15.15 | % | |||||||
| Leverage Ratio | 9.67 | % | 9.59 | % | 10.11 | % | 9.97 | % | |||||||
| Total Risk-Based Capital Ratio | 15.96 | % | 16.06 | % | 16.72 | % | 16.40 | % | |||||||
| Common Equity Tier 1 Capital | $ | 36,204 | $ | 36,449 | $ | 36,755 | $ | 36,481 | |||||||
| Tier 1 Regulatory Capital | $ | 36,204 | $ | 36,449 | $ | 36,755 | $ | 36,481 | |||||||
| Total Regulatory Capital | $ | 38,987 | $ | 39,281 | $ | 39,729 | $ | 39,496 | |||||||
For further information contact: Mark C. Hanna, President and Chief Executive Officer 410-768-8877 mchanna@bogb.net 106 Padfield Blvd Glen Burnie, MD 21061
FAQ
What were Glen Burnie Bancorp (GLBZ) Q3 2025 earnings per share and net income?
How did Glen Burnie Bancorp's net interest margin change in Q3 2025?
What impact did the VA Wholesale Mortgage acquisition have on GLBZ Q3 2025 results?
How large were Glen Burnie Bancorp deposits at September 30, 2025 and how did they change q/q?
Did Glen Burnie Bancorp reduce borrowing in Q3 2025?
What was GLBZ's loan growth in Q3 2025?
Are Glen Burnie Bancorp's capital ratios within regulatory well-capitalized levels at 9/30/2025?
