Glen Burnie Bancorp (GLBZ) Reports Q2 EPS of $0.19

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Go back to Glen Burnie Bancorp (GLBZ) Reports Q2 EPS of $0.19

Glen Burnie Bancorp Releases 2Q 2015 Earnings

August 7, 2015 1:26 PM EDT

GLEN BURNIE, Md.--(BUSINESS WIRE)-- Glen Burnie Bancorp (NASDAQ: GLBZ), parent company of The Bank of Glen Burnie, today announced results for the second quarter.

The company realized net income of $518,000 or $0.19 basic earnings per share in the quarter ended June 30, 2015 as compared to net income of $435,000 or $0.16 basic earnings per share for the same period in 2014.

Net interest income after provision for credit losses was $2,617,000 as compared to $2,820,000 in 2014. Total assets were $403,571,000 as of June 30, 2015 compared to $394,630,000 at December 31, 2014. Deposits were $348,603,000 as of June 30, 2015 compared to $338,877,000 at December 31, 2014. Loans, net of... More