GLEN BURNIE, Md., Aug. 08, 2022 (GLOBE NEWSWIRE) -- Glen Burnie Bancorp (“Bancorp”) (NASDAQ: GLBZ), the bank holding company for The Bank of Glen Burnie (“Bank”), announced today net income of $309,000, or $0.11 per basic and diluted common share for the three-month period ended June 30, 2022, compared to net income of $480,000, or $0.17 per basic and diluted common share for the three-month period ended June 30, 2021. Bancorp reported net income of $540,000, or $0.19 per basic and diluted common share for the six-month period ended June 30, 2022, compared to $1,074,000, or $0.38 per basic and diluted common share for the same period in 2021. On June 30, 2022, Bancorp had total assets of $429.4 million. Bancorp, the oldest independent commercial bank in Anne Arundel County, will pay its 120th consecutive quarterly dividend on August 8, 2022.
Glen Burnie Bancorp Announces Second Quarter 2022 Results
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