The Bank of Glen Burnie in Glen Burnie, Maryland (MD)
Overview, Financial Summary, Detailed Financial Reports, Branches


The Bank of Glen Burnie - Overview

  • General
  • FDIC Certificate #: 16820
    Status: Active
    Federal Reserve ID: 628123
    Bank Holding Company (Regulatory Top Holder): Glen Burnie Bancorp (RSSDID: 2001328, Location: Glen Burnie, MD)
    Date Established: August 17, 1949
    WWW: http://www.thebankofglenburnie.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 8 (Domestic: 8, Interstate: No)
    OTS Docket #: 11940
    FDIC's unique #: 10924
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: All Other Specialization < 1 Billion
    Date of Deposit Insurance: August 17, 1949
    Last Structure Change Effective Date: September 26, 2008
    Last Structure Change Process Date: September 26, 2008
    Last Data Update: September 26, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 101 Crain Highway S, Glen Burnie, MD 21061
    County: Anne Arundel
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Baltimore
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Baltimore, MD (#720)
    Consolidated Metropolitan Statistical Area (CMSA): Washington-Baltimore, DC-MD-VA-WV (#97)
    Combined Statistical Area (CSA): Washington-Baltimore-Northern Virginia, DC-MD-VA-WV (#548)
    Core Based Statistical Area (CBSA): Baltimore-Towson, MD (#12580)
    CBSA Metro Statistical Area: Baltimore-Towson, MD (#12580)
  • History of Changes
  • Corrections
  • Financial Summary
  • Total assets: $365.3 mil
    Equity capital: $30.9 mil
    Deposits held in domestic offices: $312.5 mil
    Return on assets (ROA): 0.85% ($3.1 mil)
    Quarterly return on assets: 0.84% ($3.1 mil)
    Return on Equity (ROE): 10.61% ($3.3 mil)
    Quarterly return on equity: 10.02% ($3.1 mil)
    Net income: $3.0 mil
    Quarterly Net income: $0.8 mil
    Pretax return on assets: 1.07% ($3,908.5 mil)
    Quarterly Pretax return on assets: 0.93% ($3,397.1 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 108Total employees (full-time equivalent)
  • $365,280Total assets
  • $9,299Cash and due from depository institutions
  • $6,218Interest-bearing balances
  • $102,870Securities
  • $654Federal funds sold & reverse repurchase agreements
  • $232,734Net loans & leases
  • $3,931Loan loss allowance
  • $0Trading account assets
  • $4,025Bank premises and fixed assets
  • $1,111Other real estate owned
  • $0Goodwill and other intangibles
  • $365,280Life insurance assets
  • $14,587All other assets
  • $334,373Total liabilities and capital
  • $312,540Total liabilities
  • $238,598Total deposits
  • $312,540Interest-bearing deposits
  • $98Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $20,255Trading liabilities
  • $0Other borrowed funds
  • $1,578Subordinated debt
  • $30,907All other liabilities
  • $30,907Total equity capital
  • $30,907Total bank equity capital
  • $0Perpetual preferred stock
  • $5,688Common stock
  • $5,751Surplus
  • $19,468Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,080Income earned, not collected on loans
  • $0Earning assets
  • $792Long-term assets (5+ years)
  • $342,476Average Assets, year-to-date
  • $241,234Average Assets, quarterly
  • $357,528Volatile liabilities
  • $363,789Insider loans
  • $224,539FHLB advances
  • $363,086Loans and leases held for sale
  • $8,433Unused loan commitments
  • $4,986Tier 1 (core) risk-based capital
  • $29,061Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $3,447Total unused commitments
  • $22,703Restructured Loans and leases
  • $4,889Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $17,144Total interest income
  • $3,683Total interest expense
  • $13,461Net interest income
  • $663Provision for loan and lease losses
  • $1,618Total noninterest income
  • $0Fiduciary activities
  • $836Service charges on deposit accounts
  • $0Trading account gains & fees
  • $782Additional noninterest income
  • $10,985Total noninterest expense
  • $6,575Salaries and employee benefits
  • $1,650Premises and equipment expense
  • $2,760Additional noninterest expense
  • $3,431Pre-tax net operating income
  • $387Securities gains (losses)
  • $788Applicable income taxes
  • $3,030Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,030Net income attributable to bank
  • $0Net charge-offs
  • $3,030Cash dividends
  • $132Sale, conversion, retirement of capital stock, net
  • $920Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.14%Yield on earning assets
  • 1.10%Cost of funding earning assets
  • 4.03%Net interest margin
  • 0.48%Noninterest income to earning assets
  • 3.29%Noninterest expense to earning assets
  • 0.76%Net operating income to assets
  • 0.85%Return on assets (ROA)
  • 1.07%Pretax return on assets
  • 10.61%Return on equity (ROE)
  • 7.39%Retained earnings to average equity (YTD only)
  • 0.06%Net charge-offs to loans
  • 502.27%Credit loss provision to net charge-offs
  • 31.02%Efficiency ratio
  • 72,850Assets per employee
  • 3.38%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 30.36%Loss allowance to loans
  • 1.66%Loss allowance to noncurrent loans
  • 77.38%Noncurrent assets plus other real estate owned to assets
  • 1.69%Noncurrent loans to loans
  • 2.15%Net loans and leases to deposits
  • 74.47%Net loans and leases to core deposits
  • 76.81%Equity capital to assets
  • 8.46%Core capital (leverage) ratio
  • 8.00%Tier 1 risk-based capital ratio
  • 12.94%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $357,528Average earning assets
  • $28,566Average equity
  • $333,734Average loans

List of branches

  • 8 Maryland Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    010924The Bank Of Glen Burnie101 Crain Highway S, Glen Burnie, MD 21061August 17, 1949Full Service Brick and Mortar
    1238873Odenton BranchRoute 175 And Morgan Road, Odenton, MD 21113November 12, 1958Full Service Brick and Mortar
    2238874Riviera Beach Branch7747 Fort Smallwood Road, Riviera Beach, MD 21122October 09, 1973Full Service Brick and Mortar
    3238875Crownsville Banking BranchGenerals Highway And Birch Drive, Crownsville, MD 21032November 14, 1979Full Service Brick and Mortar
    4238876Severn Branch811 Reece Road, Severn, MD 21144June 12, 1984Full Service Brick and Mortar
    5238200New Cut Branch740 Stevenson Road, Severn, MD 21144June 25, 1975Full Service Brick and Mortar
    7238878Severna Park Branch534 Ritchie Highway, Severna Park, MD 21146October 04, 1999Full Service Brick and Mortar
    8442220Linthicum BranchBurwood Village Shopping Center, Glen Burnie, MD 21061January 27, 2005Full Service Brick and Mortar

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