Glen Burnie Bancorp reports Q3 net income of $125,000
Glen Burnie Bancorp reported net income of $125,000, or $0.04 per diluted share, for the third quarter of 2025, a 3.1% decrease from $129,000 in the same period of 2024. Net income for the first nine months of 2025 was $66,000, or $0.02 per diluted share, compared to a net loss of $72,000, or $(0.02) per diluted share, for the same period in 2024. The net interest margin on a tax equivalent basis increased to 3.2%, expanding by 0.1 percentage point from the previous quarter. Total loans rose by $2.0 million during the third quarter and were up $7.3 million on an average balance basis compared to the second quarter of 2025. The company also noted an expansion of its retail mortgage banking capabilities within its existing Mid-Atlantic market.
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