GLEN BURNIE BANCORP GLBZ Income Statement

Glen burnie bancorp (GLBZ)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
INTEREST INCOME
Interest and fees on loans
3,071	3,206	3,176	3,176	3,189	3,249	3,269	2,958	2,872	2,922	2,883	2,842	2,774	2,811	2,795	2,749	2,835	2,876	2,894	2,864	2,943	3,081	3,108	3,023	3,106	3,371	3,251	3,048	3,003	3,191	3,313	3,255	3,364	3,410	3,492	3,486	3,510	3,696	3,686
U.S. Treasury and U.S. Government agency securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	275	108	211	215	210	160	171	175	216	228	241	215	187	189	240	211	254	328	407	412	341	482	533
State and municipal securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	213	244	260	274	302	331	357	339	330	383	429	426	418	422	428	438	417	414	408	399	384	363	339
Interest and dividends on securities
381	367	326	336	400	515	526	535	524	484	498	507	518	-	492	487	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest on deposits with banks and federal funds sold
47	68	88	62	120	80	67	50	48	64	53	31	31	-	31	32	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	28	-1	31	21	25	-	22	23	-	-	-	-	-	-	-	-	-	-	-	-	51	-	-
Other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	23	-	19	19	22	-	-	-	-	-	-	-	-	-	-
Other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	24	24	21	-	42	26	-	67	54
Total Interest Income
3,499	3,641	3,590	3,574	3,709	3,844	3,862	3,543	3,444	3,470	3,434	3,380	3,323	3,344	3,318	3,268	3,351	3,355	3,396	3,374	3,480	3,626	3,658	3,560	3,675	4,003	3,940	3,708	3,630	3,828	4,005	3,928	4,056	4,173	4,349	4,323	4,286	4,608	4,612
INTEREST EXPENSE
Interest on deposits
325	348	336	333	332	352	362	325	309	316	324	327	333	348	364	377	392	414	427	447	462	490	505	468	430	405	511	539	559	605	647	670	688	740	754	766	778	923	947
Interest on short-term borrowings
126	113	110	117	238	248	198	165	143	144	142	84	82	-	-	-	-	-	-	-	-	-	-	-	-	-	3	-	-	-	1	1	-	-0	0	1	3	-	-
Interest on long-term borrowings
-	-	-	-	-	-	-	-	-	0	33	76	76	161	162	159	160	161	161	160	158	161	161	160	158	161	161	160	158	161	162	159	160	161	161	160	158	266	264
Junior subordinated debentures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	208	220
Total Interest Expense
451	461	446	450	570	600	560	490	452	460	499	487	491	509	526	536	552	575	588	607	620	651	666	628	588	570	675	699	717	767	810	830	848	901	915	927	939	1,397	1,431
Net Interest Income
3,048	3,180	3,144	3,124	3,139	3,244	3,302	3,053	2,992	3,010	2,935	2,893	2,832	2,835	2,792	2,732	2,799	2,779	2,808	2,767	2,860	2,974	2,992	2,932	3,087	3,433	3,265	3,009	2,913	3,061	3,195	3,098	3,208	3,272	3,434	3,396	3,347	3,211	3,181
Provision for loan losses
-80	-179	-139	30	173	255	246	-5	360	93	78	-30	195	635	116	0	117	410	985	150	150	745	125	112	38	-	-	-	-	-	-	-	0	288	150	0	225	300	450
Provision for credit losses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	150	0	-	-	-	-	-	-	-
Net interest income after provision for loan losses
3,128	3,359	3,283	3,094	2,966	2,989	3,056	3,058	2,632	2,917	2,857	2,923	2,637	2,200	2,676	2,732	2,682	2,369	1,823	2,617	2,710	2,228	2,867	2,820	3,049	3,173	3,265	3,009	2,913	2,961	3,045	3,098	3,208	2,984	3,284	3,396	3,122	2,911	2,731
NONINTEREST INCOME
Gains on redemption of BOLI policies
-	-	-	-	-	0	0	101	207	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on securities sold
1	0	0	0	3	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Service charges on deposit accounts
-	-	-	-	-	-	-	-	-	-	-	-	-	76	83	81	83	123	113	102	105	114	112	113	124	162	163	132	138	159	141	132	143	157	151	153	165	162	157
Other fees and commissions
-	-	-	-	-	-	-	-	-	-	-	-	-	120	191	171	159	723	234	181	170	224	241	190	171	213	251	186	175	234	225	191	187	183	235	202	194	226	205
Gains on investment securities, net
-	-	-	-	-	-	-	-	-	-	-	-	-	1	0	0	1	368	200	270	199	574	361	141	79	71	150	122	2	44	62	33	23	62	85	73	188	176	-
Other non-interest income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12	-	61	430	10	-	-5	10	4	-	-11	-	-	-	-	-	-	-	-	-	-	-	-
Other non-interest income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4	6	-	5	4	5	-	-30	2	3	87	-
Income on life insurance
39	40	42	41	40	42	41	45	44	48	51	51	49	55	54	53	53	55	55	55	54	56	56	56	55	59	59	58	58	62	63	62	60	59	60	59	61	67	67
Gains on sale of OREO
-	-	-	-	-	-	15	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other income
-	-	-	-	-	-	-	-	-	0	-1	1	2	-	12	13	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Noninterest Income
255	340	391	282	282	314	331	386	486	350	368	288	279	614	340	318	308	769	663	1,038	538	962	765	510	433	508	612	502	379	486	496	422	418	488	501	489	611	718	429
NONINTEREST EXPENSE
Salary and benefits
-	-	-	-	-	-	-	-	-	-	1,579	1,615	1,421	-	1,743	1,535	1,505	-	-	-	-	-	-	-	-	-	-	-	-	-121	1,660	1,726	1,732	-	-	-	-	-	-
Salary and benefits
1,705	1,686	1,685	1,685	1,770	1,513	1,710	1,649	1,721	-	-	-	-	-	-	-	-	-	1,552	1,675	1,668	-	1,657	1,669	1,677	-	1,720	1,673	1,655	-	-	-	-	-	1,658	1,636	1,642	1,660	1,654
Occupancy and equipment expenses
331	389	340	386	314	277	272	316	305	214	382	286	298	-	272	249	198	183	190	191	214	188	191	205	222	196	192	195	202	214	193	200	197	206	211	200	229	207	197
Legal, accounting and other professional fees
252	261	259	304	232	162	212	281	262	197	180	197	206	-	173	192	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Data processing and item processing services
234	202	109	44	176	211	168	103	132	133	130	143	168	-	184	172	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
FDIC insurance costs
51	15	0	60	56	127	64	65	58	64	64	63	60	-	79	77	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Advertising and marketing related expenses
25	28	27	25	27	39	16	32	17	51	38	42	31	-	12	11	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loan collection costs
67	46	22	26	13	-8	32	80	41	6	25	29	18	-	37	80	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Telephone costs
47	61	62	55	66	73	56	67	57	64	98	59	55	-	50	50	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment of securities and stocks
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	15	-	-	-	-	-	-	-	-	-	-	-	-
Impairment of securities and stocks
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	70	22	-	66
Other expenses
328	335	352	405	423	440	329	418	242	422	217	376	314	-355	406	332	970	-124	913	1,003	937	-72	1,147	958	1,016	123	911	855	828	-14	855	789	757	-17	907	981	918	862	925
Total Noninterest Expenses
3,040	3,023	2,856	2,990	3,077	2,834	2,859	3,011	2,835	2,701	2,713	2,810	2,571	2,525	2,956	2,698	2,673	2,587	2,655	2,869	2,819	2,670	2,995	2,832	2,915	2,867	2,838	2,723	2,685	2,686	2,708	2,715	2,686	2,641	2,776	2,887	2,811	2,729	2,842
Income before income taxes
343	676	818	386	171	469	528	433	283	566	512	401	345	289	60	352	317	551	-169	786	429	521	637	498	567	814	1,039	788	607	760	833	805	940	831	1,009	998	922	900	318
Income tax expense
75	137	212	67	36	58	89	-45	28	720	101	63	29	-106	-55	44	34	104	-177	268	49	40	111	63	94	163	244	148	78	151	163	149	210	75	239	240	213	211	-4
NET INCOME
268	539	606	319	135	411	439	478	255	-154	411	338	316	395	115	308	283	446	8	518	380	480	526	435	473	650	795	640	529	609	670	656	730	756	770	758	709	689	322
Basic and diluted net income per share of common stock
0.09	0.20	0.21	0.11	0.05	0.14	0.16	0.17	0.09	-0.05	0.15	0.12	0.11	0.15	0.04	0.11	0.10	0.16	0.00	0.19	0.14	0.17	0.19	0.16	0.17	0.23	0.29	0.24	0.19	0.23	0.24	0.24	0.27	0.27	0.29	0.28	0.26	0.25	0.12
Weighted average shares of common stock outstanding (in shares)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,775	-	2,770	2,767	2,764	-	2,757	2,754	2,750	-	2,743	2,740	2,736	-	2,729	2,726	2,722	-	2,712	2,708	-	-	-
Weighted average shares of common stock outstanding
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,702	-	-
Weighted average shares of common stock outstanding
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,692	2,687
Dividends declared per share of common stock (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.10	-	0.07	0.10	0.10	-	0.10	0.10	0.10	-	0.10	0.10	0.10	-	0.10	0.10	0.10	-	0.10	0.10	0.10	0.10	0.10
Service charges on deposit accounts
Noninterest Income
56	68	62	64	61	61	59	61	67	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other fees and commissions
Noninterest Income
159	232	287	177	178	211	216	179	168	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-