GLBZState Commercial BanksIFRS · EUR

Glen Burnie Bancorp

Glen Burnie Bancorp is a Maryland-based bank holding company that operates The Bank of Glen Burnie, a community commercial bank serving Anne Arundel County. Its business is centered on gathering deposits, making loans, investing excess funds, and earning fee income from banking services and mortgage-related activity.

Kysy yhtiöstä
Nettotulos−0,0milj. EUR
−124,0 %v/v
Vapaa kassavirta−0,1milj. EUR
−104,3 %v/v

Tilikausi 2024 · muutos edellisvuodesta

Kehitys 2019–2024

01milj. EUR201920202021202220232024
LiikevaihtoLiikevoitto (EBIT)
Kysy Clarifolta: Glen Burnie Bancorp

Liiketoiminta

Osuus liikevaihdosta
Loan portfolio70 %

Commercial, industrial, consumer, and mortgage loans that generate interest income.

Deposit funding0 %

Core deposit accounts and borrowings used to fund earning assets.

Mortgage banking and fees15 %

Mortgage-related fees and commissions, including income from acquired mortgage activity.

Investment income10 %

Income from securities and other interest-earning investments.

Other non-interest income5 %

Service charges, commissions, and miscellaneous banking fees.

Asiakkaat

The bank serves local households, small businesses, and commercial borrowers in its Maryland footprint. Customers use it for everyday deposit banking, consumer credit, business lending, and mortgage financing, with relationship banking and local decision-making likely important purchase drivers.

Retail deposit and consumer banking customers

Households that maintain checking, savings, and consumer loan relationships for convenience and local service.

Small business borrowers

Local businesses that borrow for working capital, equipment, and operating needs.

Commercial and industrial borrowers

Businesses using commercial credit facilities and SBA-guaranteed lending.

Mortgage customers

Borrowers seeking home financing and mortgage-related fee services.

Strategia

Management is focused on preserving net interest income, maintaining credit quality, and growing fee income from mortgage and service activities. The company also emphasizes deposit retention, capital strength, cybersecurity, and disciplined risk management as interest rates, funding costs, and regulation continue to affect community banks.

Preserve spread incomeLyhyt aikaväli

Most earnings come from the spread between loan/investment yields and deposit costs.

Increase non-interest incomeKeskipitkä aikaväli

Fee income helps diversify earnings away from pure interest-rate sensitivity.

Strengthen risk controlsLyhyt aikaväli

Credit losses, cybersecurity incidents, and funding instability can quickly affect a small bank.

Maantiede

The company operates seven offices in Anne Arundel County, Maryland, and its business is concentrated in a single local market. That geographic concentration makes performance highly dependent on local employment, housing activity, deposit competition, and credit conditions in the surrounding Maryland economy.

Riskit

The company is exposed to interest-rate volatility, since changes in deposit costs and loan yields directly affect net interest income. As a community bank with a concentrated local footprint, it also faces credit risk, deposit competition, regulatory capital pressure, and operational/cybersecurity risk from reliance on internal systems and third-party providers.

Järjestetty vakavuuden mukaan
Interest-rate sensitivityKorkea

Loan yields and deposit costs reprice at different speeds, affecting spread income.

Kohdistuu: Net interest income and mortgage activity

Credit deterioration and loan charge-offsKorkea

Community banks depend on local borrower performance and collateral values.

Kohdistuu: Allowance for credit losses and provision expense

Deposit competition and funding instabilityKorkea

Customers can move balances to higher-yielding alternatives when rates rise.

Kohdistuu: Liquidity and funding cost

Cybersecurity and third-party service provider riskKeskitaso

Dependence on internal systems and outside providers creates operational vulnerability.

Kohdistuu: Business continuity and financial losses

Local economic concentrationKeskitaso

Results depend heavily on Anne Arundel County conditions and borrower health.

KohdistuuLoan demandDelinquenciesDeposits
Kysy Clarifolta: Glen Burnie Bancorp

Kirjanpito

Harkinnanvaraiset erät
Allowance for credit losses (ACL)

Management estimates expected losses on loans and unfunded commitments, which directly affects earnings.

Vaikutus: Provision expense and balance sheet reserve levels

Reserve for unfunded commitments

Off-balance-sheet lending commitments require judgment about future drawdowns and losses.

Vaikutus: Other noninterest expense and credit reserves

Mortgage fee recognition

Mortgage-related income can be sensitive to origination volume and timing, including acquired activity.

Vaikutus: Non-interest income volatility

Quarterly expense timing

Salary, professional fees, and legal costs can move reported earnings from quarter to quarter.

Vaikutus: Comparability of interim results

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Päivitetty: 28.4.2026