Glen burnie bancorp (GLBZ)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Cash flows from operating activities:
Net income

1,599

1,583

911

1,101

1,352

1,914

2,614

2,665

2,993

2,064

1,262

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, amortization, and accretion of premises and equipment

932

1,069

925

1,191

1,139

812

1,187

1,716

1,310

1,001

652

Provision for loan losses

-115

856

336

868

1,695

1,020

260

250

663

1,050

2,442

Deferred income taxes, net

333

1,265

442

-147

-

-

-

-

-

-

-

Deferred income tax benefits, net

-

-

-

-

627

-286

35

38

-214

-240

-658

Gain on life insurance

-

308

-

4

1,073

1,213

321

161

421

248

569

Gain on disposals of assets, net

-

-

1

-

-

-

-

-

-

-

-

Provision on losses of other real estate owned

-

-

-

36

-

91

5

-

40

-

-

Impairment losses on investment securities

-

-

-

-

-

-

15

-

91

262

76

Provision on losses of other real estate owned

-

-

-

-

-

-

-

-

-

0

-

Increase in cash surrender value of bank owned life insurance

163

172

199

214

219

223

234

247

479

251

268

Gain on sale of other real estate owned

-

15

-

-

-

-

-

-

-

-

-

Loss on write-down of Maryland Financial Bank stock

-2

-25

-

-

-

-

-

-

-

-

-

Decrease in ground rents

-

-

-

-

-5

-

-

-

-

-

-

Decrease (increase) in accrued interest receivable

-

-

-

-

-152

-235

58

-91

2

-87

-53

Reclassification adjustment for stranded income tax effects in accumulated other comprehensive income

-

-

104

-

-

-

-

-

-

-

-

Net decrease (increase) in other assets

-206

538

-1,365

413

1,109

-56

-637

246

-632

-869

1,838

(Decrease) increase in accrued interest payable

-

-

-

-

0

11

0

-19

-7

-228

-26

Net decrease in accrued expenses and other liabilities

-

-

-

-

-432

101

-29

3

-199

623

-167

Net increase in accrued expenses and other liabilities

198

371

-211

167

-

-

-

-

-

-

-

Net cash (used in) by operating activities

2,992

4,136

3,672

2,585

-

-

-

-

-

4,991

959

Net cash provided by operating activities

-

-

-

-

2,138

2,519

4,111

4,089

4,407

-

-

Cash flows from investing activities:
Maturities and principal paydowns of available for sale mortgage-backed securities

-

-

-

-

15,088

9,109

15,171

18,762

14,206

13,219

7,612

Proceeds from sales of available for sale debt securities

-

-

-

-

27,030

30,269

25,626

18,656

21,796

9,073

24,920

Purchases of available for sale mortgage-backed securities

-

-

-

-

38,206

28,703

16,920

26,023

39,052

18,958

54,787

Purchases of other available for sale investment securities

-

-

-

-

15,089

21,464

4,185

9,097

8,306

-

-

Redemption of common stock in the Glen Burnie Statutory Trust I

-

-

-

-

-

-

-

-

-

155

-

Decrease in loans, net

-

-

-

-

-

-

-

-

4,853

-4,469

3,218

Increase in loans, net

-

-

-

-

-

-

-

17,401

-

-

-

Redemptions and maturities of investment securities available for sale

32,584

11,549

19,104

23,266

-

-

-

-

-

-

-

Purchases of investment securities available for sale

20,962

5,440

13,826

-

-

-

-

-

-

-

-

Purchases of other available for sale investment securities

-

-

-

20,733

-

-

-

-

-

6,748

4,456

Net sales (purchase) of Federal Home Loan Bank stock

-1,041

1,273

2

-3

-124

-125

4

-72

-224

-113

90

Net decrease (increase) in loans

-14,021

29,117

6,785

4,045

-12,580

4,368

22,295

-

-

-

-

Proceeds from sale of real estate acquired through foreclosure

-

128

-

166

80

1,153

273

887

371

450

548

Proceeds from redemption of life insurance policy

-

-1,334

-

-

-

-

-

-

-

-

-

Proceeds from redemption of life insurance policy

-

-

-

244

-

-

-

-

-

-

-

Proceeds from sale of premises and equpment

-

-

-

-

-

-

-

-

15

0

-

Purchases of premises and equipment

336

209

205

328

90

442

262

182

411

377

1,398

Net cash provided by investing activities

26,348

-23,028

-1,714

-1,427

-

-

-

-

-

1,396

-30,868

Net cash (used) provided by investing activities

-

-

-

-

1,517

-14,319

-2,598

-14,326

-16,009

-

-

Cash flows from financing activities:
Net increase in deposits

-

-

-

-

5,021

1,815

2,459

10,949

5,283

248

4,268

(Decrease) increase in time deposits, net

-

-

-

-

-8,707

13,258

-10,944

9,395

12,216

-161

20,321

Net (decrease) in deposits

-1,013

-11,784

991

-1,952

-

-

-

-

-

-

-

Decrease in short-term borrowings

-

-

-

-

-

-

-

254

-

-

-

(Decrease) increase in short term borrowings

-30,000

35,000

20,000

-

-

-

-

-

-

-

-

Decrease in long term borrowings

-

-

20,000

-

-

-

-

-

-

7,033

38

(Decrease) increase in short-term borrowings

-

-

-

-

-

-

-

-

-4,019

4,192

-548

Cash dividends paid

1,128

1,122

1,117

1,112

1,023

1,100

822

1,363

1,043

-

-

Dividends paid

-

-

-

-

-

-

-

-

-

1,074

1,236

Common stock dividends reinvested

137

147

151

157

144

154

118

186

118

162

173

Net cash provided by financing activities

-

-

-

-

-4,564

14,127

-9,188

18,912

12,555

-

-

Redemption of guaranteed preferred beneficial interests in Glen Burnie Bancorp junior subordinated debentures

-

-

-

-

-

-

-

-

-

5,155

-

Repurchase and retirement of common stock

-

-

-

-

-

-

-

-

-

-

2,835

Net cash used financing activities

-32,004

22,241

25

-2,907

-

-

-

-

-

-8,820

20,105

Net in cash and cash equivalents

-2,664

3,349

1,983

-

-

-

-

-

-

-

-

Supplemental Disclosures of Cash Flow Information:
Interest paid on deposits and borrowings

1,979

2,051

1,870

2,129

-

-

-

-

-

-

-

Income taxes (refunded)

-

851

-

-

625

300

525

925

900

275

1,125

Income taxes paid

160

-

152

-

-

-

-

-

-

-

-

Net decrease (increase) in unrealized depreciation on available for sale securities

-2,040

1,072

-418

837

670

-2,126

6,045

1,023

4,733

52

-463

(Increase) decrease in unrealized depreciation on Swaps

-631

246

49

-

-

-

-

-

-

-

-

Net increase (decrease) in cash and cash equivalents

-

-

-

-1,749

-908

2,326

-7,675

8,674

953

-2,433

-9,804

Noncash Investing Activities:
Transfer of loans to real estate acquired through foreclosure

-

705

-

240

74

45

983

-

-

-

-

Interest paid

-

-

-

-

2,390

2,522

2,661

3,274

3,689

5,527

6,569

Loans converted to other real estate

-

-

-

-

-

-

-

254

1,307

512

25