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

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  • 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

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

Net income456789-$111.6K in 2024
-$1.0M0$1.0M$2.0M$3.0M2018: $1.6M$1.6M20182019: $1.6M$1.6M2019+1%2020: $1.7M$1.7M2020+4%2021: $2.5M$2.5M2021+51%2022: $1.7M$1.7M2022−31%2023: $1.4M$1.4M2023−18%2024: -$111.6K-$111.6K2024
Fiscal year20182019202020212022202320242025
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 shares72.9M shares82.9M shares92.9M shares9

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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

ItemLatestA year beforeChange
Land$685.0K9 Dec 31, 2024$685.0K9 Dec 31, 20230%
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

ItemLatestA year beforeChange
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.

Board members and other officers (23)

Timeline

  1. Dec 12, 20258-K Regulation FD disclosure41
  2. Nov 18, 20258-K Executive or director change42
  3. Nov 3, 20258-K Results of operations43
  4. Sep 12, 20258-K Executive or director change44
  5. Jul 29, 20258-K Results of operations45
  6. Jul 8, 20258-K Entered a material agreement46
  7. Jun 27, 20258-K Executive or director change47
  8. Jun 5, 20258-K Executive or director change48
  9. May 9, 20258-K Shareholder vote49
  10. May 7, 20258-K Results of operations50
  11. Apr 29, 20258-K Other events51
  12. Feb 6, 20258-K Results of operations52
  13. Nov 21, 2023New chief executive Mark Christopher Hanna becomes CEO13
  14. Nov 15, 2016New chief executive John D. Long becomes CEO14
  15. Nov 12, 2008New chief executive Michael Livington becomes CEO15

Calendar

When it reported results

  1. Nov 3, 2025Reported quarterly or annual results43
  2. Jul 29, 2025Reported quarterly or annual results45
  3. May 7, 2025Reported quarterly or annual results50
  4. Feb 6, 2025Reported quarterly or annual results52
  5. Oct 31, 2024Reported quarterly or annual results53
  6. Jul 26, 2024Reported quarterly or annual results54
  7. Apr 26, 2024Reported quarterly or annual results55
  8. 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:

  1. Jan 13, 202615-12G EDGAR
  2. Jan 6, 2026EFFECT EDGAR
  3. Jan 6, 2026EFFECT EDGAR
  4. Jan 6, 2026EFFECT EDGAR
  5. Dec 30, 2025S-8 POS EDGAR
  6. Dec 30, 2025S-8 POS EDGAR
  7. Dec 30, 2025S-8 POS EDGAR
  8. Dec 30, 2025POS AM EDGAR
  9. Dec 30, 2025POS AM EDGAR
  10. Dec 30, 2025POS AM EDGAR
  11. Dec 22, 202525 EDGAR
  12. Dec 12, 20258-K EDGAR
  13. Dec 9, 20254 PRIMARY DOCUMENT EDGAR
  14. Nov 19, 20254 PRIMARY DOCUMENT EDGAR
  15. Nov 18, 20258-K EDGAR
  16. Nov 14, 202510-Q EDGAR
  17. Nov 3, 20258-K EDGAR
  18. Sep 12, 20258-K EDGAR
  19. Aug 14, 202510-Q EDGAR
  20. 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.

DateWhoTradeSharesPriceValueFiling
Dec 8, 2025Mussog Julie MDirectorBuy900$4.28$3.9KForm 4
Jun 13, 2025Hanna Mark ChristopherPresident and CEOBuy3,000$4.76$14.3KForm 4
May 21, 2025Welch Jeffrey A.Executive Vice PresidentBuy200$4.90$980Form 4
May 20, 2025Welch Jeffrey A.Executive Vice PresidentBuy200$5.08$1.0KForm 4
May 20, 2025Hanna Mark ChristopherPresident and CEOBuy2,001$5.08$10.2KForm 4
May 19, 2025Hanna Mark ChristopherPresident and CEOBuy176$5.03$885Form 4
May 16, 2025Welch Jeffrey A.Executive Vice PresidentBuy100$5.10$510Form 4
May 16, 2025Hanna Mark ChristopherPresident and CEOBuy551$5.03$2.8KForm 4
May 14, 2025Hanna Mark ChristopherPresident and CEOBuy1$5.03$5Form 4
May 13, 2025Hess StanfordDirectorBuy900$5.05$4.5KForm 4
Mar 6, 2025Hanna Mark ChristopherPresident and CEOBuy3,000$5.00$15.0KForm 4
Nov 27, 2024Hanna Mark ChristopherPresident and CEOBuy3,700$5.90$21.8KForm 4
Jun 14, 2024Hess StanfordDirectorBuy1,000$3.80$3.8KForm 4
Jun 12, 2024Hanna Mark ChristopherPresident and CEOBuy541$3.75$2.0KForm 4
Jun 10, 2024Hanna Mark ChristopherPresident and CEOBuy500$4.05$2.0KForm 4
May 28, 2024Hanna Mark ChristopherPresident and CEOBuy0Form 4
May 28, 2024Hanna Mark ChristopherPresident and CEOBuy500$4.40$2.2KForm 4
May 24, 2024Hanna Mark ChristopherPresident and CEOBuy500$4.40$2.2KForm 4
Apr 4, 2024Hanna Mark ChristopherPresident and CEOBuy400$5.20$2.1KForm 4
Mar 22, 2024Hanna Mark ChristopherPresident and CEOBuy700$5.50$3.9KForm 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.

YearExecutiveAgeSalaryTotal pay
2024Mark C. Hanna$258.0K$309.8K58
2024Andrew Hines$210.4K$257.2K58
2024Jeffrey D. Harris$199.2K$243.4K58
2023Executive VicePresident and Chief Lending Officer$209.1K$244.4K58
2023Senior VicePresident and Chief Financial Officer$195.8K$218.4K58
2023President 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

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