Call reports 2024
GLEN BURNIE MUTUAL SAVINGS BANK — 2024
What GLEN BURNIE MUTUAL SAVINGS BANK reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 106,984,000 | 105,821,000 | 105,005,000 | 104,996,000 |
| Total loans | 86,415,000 | 86,176,000 | 86,133,000 | 84,882,000 |
| Allowance for loan losses | 364,000 | 364,000 | 364,000 | 364,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 1,500,000 | 1,250,000 | 1,500,000 | 1,500,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 98,162,000 | 96,186,000 | 96,014,000 | 95,239,000 |
| Interest-bearing deposits | 98,162,000 | 96,186,000 | 96,014,000 | 95,239,000 |
| Noninterest-bearing deposits | 0 | 0 | 0 | 0 |
| Equity capital | 8,704,000 | 8,773,000 | 8,849,000 | 8,935,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 1,109,000 | 2,218,000 | 3,333,000 | 4,420,000 |
| Interest expense | 796,000 | 1,563,000 | 2,316,000 | 3,076,000 |
| Net interest income | 313,000 | 655,000 | 1,017,000 | 1,344,000 |
| Noninterest income | 8,000 | 14,000 | 20,000 | 25,000 |
| Noninterest expense | 260,000 | 513,000 | 776,000 | 1,020,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 61,000 | 156,000 | 261,000 | 349,000 |
| Income tax | 17,000 | 43,000 | 72,000 | 74,000 |
| Net income | 44,000 | 113,000 | 189,000 | 275,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,704,000 | 8,773,000 | 8,849,000 | 8,935,000 |
| Total capital | 9,068,000 | 9,137,000 | 9,213,000 | 9,299,000 |
| Risk-weighted assets | 50,012,000 | 50,415,000 | 50,256,000 | 49,791,000 |