GLBZ on OTC
GLEN BURNIE BANCORP
American state commercial bank, incorporated in Maryland, listed on OTC (GLBZ)1
In its 2025 annual report the company says: “It is the oldest independent commercial bank in Anne Arundel County. We attract deposit customers from the general public and use such funds, together with other borrowed funds, to make loans. Our results of operations are primarily determined by the difference between interest income earned on our interest-earning assets, primarily interest and fee income on loans and investment securities, and interest paid on our interest-bearing liabilities, including deposits and borrowings.”3 It is headquartered in Glen Burnie, Maryland.1
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Last updated Oct 20, 2026.
Overview
- TickerGLBZ on OTC1
- IndustryState Commercial Banks1
- HeadquartersGlen Burnie, Maryland1
- Incorporated inMD2
- Business address101 Crain Hwy Se, Glen Burnie, Md 210612
- Filer categoryNon-accelerated filer, Smaller reporting company2
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Glen Burnie Bancorp (the “Company”) is a bank holding company organized in 1990 under the laws of the State of Maryland. The Company owns all the outstanding shares of capital stock of The Bank of Glen Burnie (the “Bank”), a commercial bank organized in 1949 under the laws of the State of Maryland, serving 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. As of January 31, 2025, the Bank closed the Linthicum branch and anticipates closing the Severna Park branch by May 31, 2025. The Bank also maintains a remote Automated Teller Machine (“ATM”) located in Pasadena, Maryland. The Bank maintains a website at www.thebankofglenburnie.com. It is the oldest independent commercial bank in Anne Arundel County. The Bank i…3 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Financial statements
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Interest | $2.1M4 | $1.9M5 | $1.5M6 | $1.1M7 | $853.0K8 | $1.2M8 | ||
| Income before tax | $3.1M7 | $2.0M8 | $1.5M9 | -$637.0K9 | ||||
| Income tax | $130.0K4 | $452.0K5 | $491.0K6 | $577.0K7 | $240.0K8 | $72.0K9 | -$525.0K9 | |
| Net income | $1.6M4 | $1.6M5 | $1.7M6 | $2.5M7 | $1.7M8 | $1.4M9 | -$111.6K9 | |
| Earnings per share | $0.564 | $0.575 | $0.596 | $0.887 | $0.618 | $0.509 | -$0.049 | |
| Earnings per share (diluted) | $0.596 | $0.887 | $0.618 | $0.509 | -$0.049 | |||
| Shares (weighted, basic) | 2.8M shares7 | 2.9M shares8 | 2.9M shares9 | 2.9M shares9 |
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash | $16.0M5 | $13.3M6 | $37.1M7 | $62.2M8 | $30.1M7 | $15.2M8 | $24.5M9 | |
| Property, plant and equipment | $3.6M7 | $3.3M8 | $3.0M9 | $2.7M9 | ||||
| Total assets | $413.0M4 | $384.9M5 | $419.5M6 | $442.1M7 | $381.4M8 | $351.8M9 | $359.0M9 | |
| Short-term debt | $10.0M7 | $30.0M9 | $30.0M9 | |||||
| Long-term debt | $04 | $05 | $05 | $10.0M7 | ||||
| Total liabilities | $379.0M4 | $349.3M5 | $382.4M6 | $406.4M7 | $365.4M8 | $332.5M9 | $341.1M9 | |
| Retained earnings | $23.0M7 | $23.6M8 | $23.9M9 | $22.9M9 | ||||
| Shareholders’ equity | $34.1M5 | $35.7M6 | $37.1M7 | $35.7M8 | $16.1M9 | $19.3M9 | $17.8M9 | |
| Shares outstanding | 2.8M shares4 | 2.8M shares5 | 2.8M shares6 | 2.9M shares7 | 2.9M shares8 | 2.9M shares9 | 2.9M shares9 | 2.9M shares9 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | $4.1M4 | $3.0M5 | $1.6M6 | $3.7M7 | $2.2M8 | $1.4M9 | $28.0K9 | |
| Depreciation and amortization | $995.0K7 | $994.0K8 | $227.0K9 | $238.0K9 | ||||
| Capital spending | $209.0K4 | $336.0K5 | $573.0K6 | $287.0K7 | $256.0K8 | $152.0K9 | $81.0K9 | |
| Free cash flow | $3.9M | $2.7M | $1.0M | $3.4M | $2.0M | $1.2M | -$53.0K | |
| Cash from investing | -$1.3M7 | $7.0M8 | $17.7M9 | $847.0K9 | ||||
| Dividends paid | $1.1M4 | $1.1M5 | $1.1M6 | $1.1M7 | $1.1M8 | $1.1M9 | $865.0K9 | |
| Cash from financing | $22.7M7 | -$41.3M8 | -$33.9M9 | $8.3M9 | ||||
| Dividend per share | $0.404 | $0.405 | $0.406 | $0.407 | $0.408 | $0.409 | $0.209 |
Corporate structure
GLEN BURNIE BANCORP sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of GLEN BURNIE BANCORP
- E. Haddock Family Trusts Edward Jr. Ii. Filed SC 13G/A on GLEN BURNIE BANCORP, latest Mar 11, 2024 (3 filings since Feb 10, 2022)
- GLEN BURNIE BANCORP Glen Burnie, Maryland
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What GLEN BURNIE BANCORP reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Land | $685.0K9 Dec 31, 2024 | $685.0K9 Dec 31, 2023 | 0% |
| Buildings and improvements | $6.8M9 Dec 31, 2024 | $6.8M9 Dec 31, 2023 | −0.4% |
| Construction in progress | $66.0K9 Dec 31, 2024 | $25.0K9 Dec 31, 2023 | +164.0% |
| Property and equipment, before depreciation | $16.3M9 Dec 31, 2024 | $16.4M9 Dec 31, 2023 | −0.8% |
| Accumulated depreciation | $13.6M9 Dec 31, 2024 | $13.4M9 Dec 31, 2023 | +1.8% |
| Property and equipment, net | $2.7M9 Dec 31, 2024 | $3.0M9 Dec 31, 2023 | −12.1% |
| Operating-lease assets (leased space) | $48.0K9 Dec 31, 2024 | $210.0K9 Dec 31, 2023 | −77.1% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $24.5M9 Dec 31, 2024 | $15.2M8 Dec 31, 2023 | +60.5% |
| Debt securities held to maturity | $09 Dec 31, 2024 | $09 Dec 31, 2023 | |
| Loans, net of allowance | $202.4M9 Dec 31, 2024 | $174.2M9 Dec 31, 2023 | +16.2% |
| Deposits held (banks) | $309.2M9 Dec 31, 2024 | $300.1M9 Dec 31, 2023 | +3.0% |
Properties, in its own words
The following table sets forth certain information with respect to the Bank’s offices (dollars in thousands):
Year · Owned/ · Approximate
The rest of Item 2
Opened · Leased · Book Value · Square Footage · Deposits
Main Office:
101 Crain Highway, S.E. · 1953 · Owned · 939 · 10,000 · 76,874
Branches:
Odenton · 1969 · Owned · 62 · 6,000 · 30,687
1405 Annapolis Road
Odenton, MD 21113
Riviera Beach · 1973 · Owned · 107 · 2,500 · 37,174
8707 Ft. Smallwood Road
Pasadena, MD 21122
Crownsville · 1979 · Owned · 84 · 3,000 · 62,530
1221 Generals Highway
Crownsville, MD 21032
Severn · 1984 · Owned · 50 · 2,500 · 32,642
811 Reece Road
Severn, MD 21144
New Cut Road · 1995 · Owned · 679 · 2,600 · 41,129
740 Stevenson Road
Severn, MD 21144
Linthicum · 2005 · Leased · 13 · 2,500 · 18,902
Burwood Village Shopping Center
Severna Park · 2002 · Leased · 8 · 2,184 · 9,251
534 Ritchie Highway
Severna Park, MD 21146
Operations Centers:
106 Padfield Blvd. · 1991 · Owned · — · 16,200 · N/A
103 Crain Highway, S.E. · 2000 · Owned · — · 3,727 · N/A
Item 2 of the 10-K filed Apr 8, 2025.3
Leadership
Who has led GLEN BURNIE BANCORP, and when. Pick a name to see everywhere that person has worked.
President
Chief financial officer
Chief operating officer
- Chief executive officerMark Christopher Hanna Nov 21, 2023 to now13
- Chief executive officerJohn D. Long Nov 15, 2016 to Oct 29, 201814
- Chief executive officerMichael Livington Nov 12, 2008 to Nov 12, 200815
- PresidentMark Christopher Hanna Nov 21, 2023 to now13
- PresidentJohn D. Long Oct 29, 2018 to Oct 29, 201816
- PresidentMichael Livington Nov 12, 2008 to Nov 12, 200815
- PresidentF. William Kuethe Jr. Feb 3, 2006 to May 23, 201117
- Chief financial officerJohn Melvin Wright Sep 30, 2015 to Sep 30, 201518
- Chief financial officerJohn E. Porter May 24, 2006 to May 24, 200619
- Chief operating officerEdward B. Connelly Aug 27, 2012 to May 17, 201320
- Chief operating officerMichael Livington Dec 8, 2006 to Aug 14, 200721
Board members and other officers (23)
- Executive Vice PresidentJeffrey A. Welch Jun 17, 2025 to now22
- Executive Vice PresidentJohn D. Long Feb 12, 2016 to Feb 29, 201623
- Senior Vice PresidentBarbara J. Elswick Mar 11, 2011 to Mar 11, 201124
- Senior Vice PresidentJoyce Ann Ohmer Mar 11, 2011 to Mar 11, 201125
- TreasurerJohn E. Porter Jul 14, 2006 to Jul 14, 200626
- Executive Vice PresidentMichael Livington Jul 14, 2006 to Jul 14, 200627
- Board memberJoseph Gerard Baldwin Aug 2, 2024 to now28
- Board memberFelton Magee Jr. Sep 12, 2024 to now29
- Board memberMark Christopher Hanna Nov 21, 2023 to now13
- Board memberJulie M. Mussog Aug 12, 2019 to now30
- Board memberJoan Rumenap Nov 28, 2018 to Dec 7, 201831
- Board memberStanford Hess Nov 28, 2018 to now32
- Board memberMary L. Wilcox Jan 24, 2017 to Feb 11, 202033
- Board memberJohn D. Long Feb 12, 2016 to Oct 29, 201823
- Board memberAndrew Cooch Sep 17, 2014 to May 16, 201734
- Board memberKaren B. Thowarth May 17, 2013 to May 17, 201335
- Board memberJohn E. Demyan Oct 7, 2008 to Sep 16, 201536
- Board memberFrederick W. Kuethe Iii. Mar 22, 2007 to Feb 23, 202237
- Board memberNorman E. Harrison Jr. Jan 5, 2006 to Aug 29, 201738
- Board memberF. William Kuethe Jr. Feb 3, 2006 to Feb 29, 201617
- Board memberWilliam N. Scherer Sr. Feb 15, 2006 to Mar 18, 201339
- Board memberEdward L. Maddox Jun 7, 2006 to Nov 16, 201640
- Board memberMichael Livington Jul 14, 2006 to Nov 12, 200827
Timeline
- Dec 12, 20258-K Regulation FD disclosure41
- Nov 18, 20258-K Executive or director change42
- Nov 3, 20258-K Results of operations43
- Sep 12, 20258-K Executive or director change44
- Jul 29, 20258-K Results of operations45
- Jul 8, 20258-K Entered a material agreement46
- Jun 27, 20258-K Executive or director change47
- Jun 5, 20258-K Executive or director change48
- May 9, 20258-K Shareholder vote49
- May 7, 20258-K Results of operations50
- Apr 29, 20258-K Other events51
- Feb 6, 20258-K Results of operations52
- Nov 21, 2023New chief executive Mark Christopher Hanna becomes CEO13
- Nov 15, 2016New chief executive John D. Long becomes CEO14
- Nov 12, 2008New chief executive Michael Livington becomes CEO15
Calendar
When it reported results
- Nov 3, 2025Reported quarterly or annual results43
- Jul 29, 2025Reported quarterly or annual results45
- May 7, 2025Reported quarterly or annual results50
- Feb 6, 2025Reported quarterly or annual results52
- Oct 31, 2024Reported quarterly or annual results53
- Jul 26, 2024Reported quarterly or annual results54
- Apr 26, 2024Reported quarterly or annual results55
- Feb 16, 2024Reported quarterly or annual results56
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
98 filings to the SEC since October 2021: 6 annual reports, 13 quarterly reports, 34 major events, 22 insider forms, 5 large holders, 18 other. The latest 20:
- Jan 13, 202615-12G EDGAR
- Jan 6, 2026EFFECT EDGAR
- Jan 6, 2026EFFECT EDGAR
- Jan 6, 2026EFFECT EDGAR
- Dec 30, 2025S-8 POS EDGAR
- Dec 30, 2025S-8 POS EDGAR
- Dec 30, 2025S-8 POS EDGAR
- Dec 30, 2025POS AM EDGAR
- Dec 30, 2025POS AM EDGAR
- Dec 30, 2025POS AM EDGAR
- Dec 22, 202525 EDGAR
- Dec 12, 20258-K EDGAR
- Dec 9, 20254 PRIMARY DOCUMENT EDGAR
- Nov 19, 20254 PRIMARY DOCUMENT EDGAR
- Nov 18, 20258-K EDGAR
- Nov 14, 202510-Q EDGAR
- Nov 3, 20258-K EDGAR
- Sep 12, 20258-K EDGAR
- Aug 14, 202510-Q EDGAR
- Aug 13, 2025SCHEDULE 13G/A EDGAR
The 98 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
22 open-market trades by officers, directors and large owners since October 2021: 22 buys and 0 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Dec 8, 2025 | Mussog Julie MDirector | Buy | 900 | $4.28 | $3.9K | Form 4 |
| Jun 13, 2025 | Hanna Mark ChristopherPresident and CEO | Buy | 3,000 | $4.76 | $14.3K | Form 4 |
| May 21, 2025 | Welch Jeffrey A.Executive Vice President | Buy | 200 | $4.90 | $980 | Form 4 |
| May 20, 2025 | Welch Jeffrey A.Executive Vice President | Buy | 200 | $5.08 | $1.0K | Form 4 |
| May 20, 2025 | Hanna Mark ChristopherPresident and CEO | Buy | 2,001 | $5.08 | $10.2K | Form 4 |
| May 19, 2025 | Hanna Mark ChristopherPresident and CEO | Buy | 176 | $5.03 | $885 | Form 4 |
| May 16, 2025 | Welch Jeffrey A.Executive Vice President | Buy | 100 | $5.10 | $510 | Form 4 |
| May 16, 2025 | Hanna Mark ChristopherPresident and CEO | Buy | 551 | $5.03 | $2.8K | Form 4 |
| May 14, 2025 | Hanna Mark ChristopherPresident and CEO | Buy | 1 | $5.03 | $5 | Form 4 |
| May 13, 2025 | Hess StanfordDirector | Buy | 900 | $5.05 | $4.5K | Form 4 |
| Mar 6, 2025 | Hanna Mark ChristopherPresident and CEO | Buy | 3,000 | $5.00 | $15.0K | Form 4 |
| Nov 27, 2024 | Hanna Mark ChristopherPresident and CEO | Buy | 3,700 | $5.90 | $21.8K | Form 4 |
| Jun 14, 2024 | Hess StanfordDirector | Buy | 1,000 | $3.80 | $3.8K | Form 4 |
| Jun 12, 2024 | Hanna Mark ChristopherPresident and CEO | Buy | 541 | $3.75 | $2.0K | Form 4 |
| Jun 10, 2024 | Hanna Mark ChristopherPresident and CEO | Buy | 500 | $4.05 | $2.0K | Form 4 |
| May 28, 2024 | Hanna Mark ChristopherPresident and CEO | Buy | 0 | Form 4 | ||
| May 28, 2024 | Hanna Mark ChristopherPresident and CEO | Buy | 500 | $4.40 | $2.2K | Form 4 |
| May 24, 2024 | Hanna Mark ChristopherPresident and CEO | Buy | 500 | $4.40 | $2.2K | Form 4 |
| Apr 4, 2024 | Hanna Mark ChristopherPresident and CEO | Buy | 400 | $5.20 | $2.1K | Form 4 |
| Mar 22, 2024 | Hanna Mark ChristopherPresident and CEO | Buy | 700 | $5.50 | $3.9K | Form 4 |
All 22 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- E. Haddock Family Trusts Edward Jr. Ii.SC 13G/A, 3 filings Feb 10, 2022 to Mar 11, 202457
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2024 | Mark C. Hanna | $258.0K | $309.8K58 | |
| 2024 | Andrew Hines | $210.4K | $257.2K58 | |
| 2024 | Jeffrey D. Harris | $199.2K | $243.4K58 | |
| 2023 | Executive VicePresident and Chief Lending Officer | $209.1K | $244.4K58 | |
| 2023 | Senior VicePresident and Chief Financial Officer | $195.8K | $218.4K58 | |
| 2023 | President and Chief Executive Officer | $59.5K | $61.6K58 |
SEC filer profile
How GLEN BURNIE BANCORP is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARGLEN BURNIE BANCORP1
- CIK0000890066
- Employer ID (EIN)52-17824443
- Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company3
- Incorporated inMaryland3
- Fiscal year endsDecember 311
- Industry code (SIC)6022 State Commercial Banks1
- SEC reviewing officeOffice of Finance, Division of Corporation Finance1
- Business address101 Crain Hwy Se, Glen Burnie, MD 210611
- Phone41076633001
- Shares outstanding2,919,695 as of Nov 4, 202512
- Public float$9.8M as of Jun 30, 20243
- AuditorUHY LLP, Salisbury, Maryland PCAOB ID 1195; no auditor attestation of internal control over financial reporting3
- On EDGAR sinceFeb 20, 19971
- Filings530 in all: 8-K (128), 4 (112), 10-Q (90), 10-K (28), DEF 14A (28), SC 13G/A (21), 3 (16), ARS (10)1
All 42 form types
CORRESP (9), SC 13G (8), UPLOAD (8), POS AM (7), 10-Q/A (6), 10-K/A (5), S-8 POS (5), SC 13D/A (5), 8-K/A (4), EFFECT (4), 10-K405 (3), 4/A (3), DEFA14A (3), PRE 14A (3), DEFR14A (2), S-1/A (2), S-8 (2), SC 13D (2), 10-K405/A (1), 15-12G (1), 25 (1), 3/A (1), 424B3 (1), 8-A12G (1), 8-A12G/A (1), NT 10-K (1), NT 10-Q (1), RW (1), S-1 (1), S-3 (1), S-3/A (1), S-3D (1), SCHEDULE 13G (1), SCHEDULE 13G/A (1)
- Latest filingsAnnual report (10-K) Apr 8, 2025
Quarterly report (10-Q) Nov 14, 2025
Proxy statement (DEF 14A) Apr 16, 2025
Latest 8-K (8-K) Dec 12, 2025
Risk factors and legal proceedings
Legal proceedings
The Company and the Bank from time to time are involved in legal proceedings related to collection suits and other actions that arise in the ordinary course of business against their borrowers and are defendants in legal actions arising from normal business activities. The Company’s management, after consultation with legal counsel, believe there are no pending or threatened legal proceedings that, upon resolution, are expected to have a material adverse effect upon the Company’s or the Bank’s financial condition or results of operations based on all known information at this time.
The opening of Item 3, Legal Proceedings.3
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
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- 16SEC EDGARJohn D. Long, President
- 17SEC EDGARF. William Kuethe Jr., President
- 18
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- 22
- 23
- 24
- 25
- 26SEC EDGARJohn E. Porter, Treasurer
- 27
- 28SEC EDGARJoseph Gerard Baldwin, Board member
- 29SEC EDGARFelton Magee Jr., Board member
- 30SEC EDGARJulie M. Mussog, Board member
- 31SEC EDGARJoan Rumenap, Board member
- 32SEC EDGARStanford Hess, Board member
- 33SEC EDGARMary L. Wilcox, Board member
- 34SEC EDGARAndrew Cooch, Board member
- 35SEC EDGARKaren B. Thowarth, Board member
- 36SEC EDGARJohn E. Demyan, Board member
- 37
- 38SEC EDGARNorman E. Harrison Jr., Board member
- 39SEC EDGARWilliam N. Scherer Sr., Board member
- 40SEC EDGAREdward L. Maddox, Board member
- 41SEC EDGARRegulation FD disclosure
- 42SEC EDGARExecutive or director change
- 43SEC EDGARResults of operations
- 44SEC EDGARExecutive or director change
- 45SEC EDGARResults of operations
- 46SEC EDGAREntered a material agreement
- 47SEC EDGARExecutive or director change
- 48SEC EDGARExecutive or director change
- 49SEC EDGARShareholder vote
- 50SEC EDGARResults of operations
- 51SEC EDGAROther events
- 52SEC EDGARResults of operations
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