Detail akcie Glen Burnie Bnc online

Business Summary: Glen Burnie Bancorp is a bank holding company of The Bank of Glen Burnie (the Bank), a commercial bank. The Bank is engaged in the commercial and retail banking business as authorized by the banking statutes of the State of Maryland, 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 includes residential first and second mortgage loans, home equity lines of credit and commercial mortgage loans. Its commercial lending includes both secured and unsecured loans. It also originates automobile loans through arrangements with local automobile dealers. It also maintains a remote Automated Teller Machine located in Pasadena, Maryland. It serves northern Anne Arundel County and surrounding areas from its main office and branch in Glen Burnie, Maryland and branch offices in Odenton, Riviera Beach, Crownsville, Severn (two locations), Linthicum and Severna Park, Maryland.
Financial Summary: BRIEF: For the fiscal year ended 31 December 2023, Glen Burnie Bancorp interest income increased 5% to $13.3M. Net interest income after loan loss provision increased 1% to $12M. Net income decreased 18% to $1.4M. Net interest income after loan loss provision reflects Interest and dividends on securities increase of 22% to $4.1M, Interest and fees on loans increase of 1% to $8.6M.