Glen Burnie Bancorp Reports 2026 Second Quarter Results
Glen Burnie Bancorp reported a second-quarter net loss of $272,000, or $0.09 per share, reversing a net income of $84,000 in the prior quarter due to higher provision expenses and compensation costs. Pre-tax pre-provision income improved to $117,000 compared to a loss in the year-ago period, supported by a 10.3% increase in total loans to $267.6 million.
Key figures
- Ptpp income
- 117000
- Total loans
- 267600000
- Efficiency ratio
- 96.7%
- Provision expense
- 569000
- Net interest income
- 2979000
- Net interest margin
- 3.11%
- Nonperforming loans pct
- 0.25%
AI analysis
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