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


The Glen Burnie Mutual Savings Bank - Overview

  • General
  • FDIC Certificate #: 27567
    Status: Active
    Federal Reserve ID: 508270
    Date Established: May 05, 1896
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 40351
    Numeric code: 42
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: 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: Mortgage Lending Specialization
    Date of Deposit Insurance: August 08, 1989
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: September 22, 2010
    Last Data Update: September 22, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 1 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
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $74.2 mil
    Equity capital: $6.3 mil
    Deposits held in domestic offices: $67.2 mil
    Return on assets (ROA): 0.13% ($0.1 mil)
    Quarterly return on assets: 0.23% ($0.2 mil)
    Return on Equity (ROE): 1.54% ($0.1 mil)
    Quarterly return on equity: 2.66% ($0.2 mil)
    Net income: $0.1 mil
    Quarterly Net income: $0.0 mil
    Pretax return on assets: 0.13% ($96.5 mil)
    Quarterly Pretax return on assets: 0.23% ($170.7 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
  • 5Total employees (full-time equivalent)
  • $74,232Total assets
  • $13,201Cash and due from depository institutions
  • $10,976Interest-bearing balances
  • $1,317Securities
  • $3,845Federal funds sold & reverse repurchase agreements
  • $54,961Net loans & leases
  • $402Loan loss allowance
  • $0Trading account assets
  • $51Bank premises and fixed assets
  • $180Other real estate owned
  • $0Goodwill and other intangibles
  • $74,232Life insurance assets
  • $677All other assets
  • $67,887Total liabilities and capital
  • $67,233Total liabilities
  • $67,233Total deposits
  • $67,233Interest-bearing deposits
  • $98Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $654Subordinated debt
  • $6,345All other liabilities
  • $6,345Total equity capital
  • $6,345Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $6,345Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $411Income earned, not collected on loans
  • $0Earning assets
  • $246Long-term assets (5+ years)
  • $71,099Average Assets, year-to-date
  • $55,209Average Assets, quarterly
  • $72,904Volatile liabilities
  • $73,944Insider loans
  • $35,597FHLB advances
  • $74,572Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $6,345Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $0Restructured Loans and leases
  • $853Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,000Total interest income
  • $2,327Total interest expense
  • $673Net interest income
  • $0Provision for loan and lease losses
  • $47Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $47Additional noninterest income
  • $623Total noninterest expense
  • $313Salaries and employee benefits
  • $18Premises and equipment expense
  • $292Additional noninterest expense
  • $97Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $97Income before extraordinary items
  • $0Extraordinary gains - net
  • $97Net income attributable to bank
  • $0Net charge-offs
  • $97Cash dividends
  • $73Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.25%Yield on earning assets
  • 3.29%Cost of funding earning assets
  • 0.95%Net interest margin
  • 0.07%Noninterest income to earning assets
  • 0.88%Noninterest expense to earning assets
  • 0.13%Net operating income to assets
  • 0.13%Return on assets (ROA)
  • 0.13%Pretax return on assets
  • 1.54%Return on equity (ROE)
  • 1.54%Retained earnings to average equity (YTD only)
  • 0.13%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 1.33%Efficiency ratio
  • 86,528Assets per employee
  • 14.85%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.73%Loss allowance to noncurrent loans
  • 97.81%Noncurrent assets plus other real estate owned to assets
  • 0.80%Noncurrent loans to loans
  • 0.74%Net loans and leases to deposits
  • 81.75%Net loans and leases to core deposits
  • 81.75%Equity capital to assets
  • 8.55%Core capital (leverage) ratio
  • 8.51%Tier 1 risk-based capital ratio
  • 17.82%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $72,904Average earning assets
  • $6,303Average equity
  • $70,623Average loans

List of branches

  • 1 Maryland Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    040351The Glen Burnie Mutual Savings Bank1 Crain Highway, S, Glen Burnie, MD 21061May 05, 1896Full Service Brick and Mortar

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