GLEN BURNIE, Md., Feb. 04, 2026 (GLOBE NEWSWIRE) -- Glen Burnie Bancorp ("Company") (OTCQX:GLBZ), the bank holding company for The Bank of Glen Burnie ("Bank"), today reported a net loss of $95,000 for the fourth quarter of 2025, compared to a net loss of $40,000 for the fourth quarter of 2024. On a linked-quarter basis, net income for the fourth quarter of 2025 decreased by $220,000, compared to net income of $125,000 for the third quarter of 2025. Diluted earnings (loss) per share were $(0.03) for the fourth quarter of 2025, compared to $(0.01) for the fourth quarter of 2024 and $0.04 for the third quarter of 2025.

For the year ended December 31, 2025, net losses totaled $29,000, compared to net losses of $112,000 for the year ended December 31, 2024. Diluted earnings (loss) per share were $(0.01) for 2025, compared to $(0.04) for 2024.

Results for the fourth quarter and full year 2025 reflect a period of strategic repositioning, operational restructuring, and targeted investments designed to improve long-term profitability and shareholder value. During 2025, the Company executed a series of initiatives to strengthen its balance sheet, enhance revenue-generating capabilities, improve operating efficiency, and reduce structural costs.

While certain strategic actions taken during the year, particularly in the fourth quarter, resulted in elevated non-recurring expenses that temporarily pressured earnings, management believes these investments should make a meaningful improvement to the Company's earnings capacity going forward. Earnings momentum improved during the second half of the year, and the Company enter 2026 with stronger liquidity, improving margin trends, disciplined credit performance, and a more scalable operating platform.

Management views 2025 as an inflection year, marking the transition from balance sheet stabilization to earnings improvement, and as the foundation for a multi-year balance sheet optimization strategy focused on disciplined growth and an improved mix of shorter-duration, higher-yielding assets. As this strategy progresses, management expects operating leverage and returns to improve beginning in 2026 and continuing over the medium term.

"2025 was a year of deliberate repositioning for our Company," said Mark C. Hanna, President and Chief Executive Officer. "We focused on strengthening our balance sheet, enhancing our funding profile, and investing in capabilities that position us for improved earnings performance as we move forward."

2025 Year and Fourth Quarter Highlights

Net interest margin expansion - Net interest margin improved during 2025 as the balance sheet continued to shift toward higher-yielding loans and away from lower-yielding cash and securities, reflecting disciplined balance sheet management in a competitive rate environment. Net interest margin increased from 2.98% for the fourth quarter of 2024 to 3.14% for the fourth quarter of 2025, representing a year-over-year improvement of 16 basis points. On a fully tax-equivalent basis, net interest margin was 3.21% for the fourth quarter of 2025 compared to 3.06% for the fourth quarter of 2024. Management believes additional margin expansion opportunities exist over time as loan growth continues to represent a greater proportion of earning assets.

Loan growth and relationship expansion - Total loans increased during 2025, driven primarily by commercial real estate and commercial and industrial lending, reflecting continued progress in attracting higher-value business relationships. Total loans increased from $205.2 million at December 31, 2024 to $231.2 million at December 31, 2025, an increase of $26.0 million or 12.7%, supported by expanded product capabilities and targeted commercial relationship development.

At December 31, 2025, the Bank's loan-to-deposit ratio was 69.6%, compared to 66.4% at December 31, 2024, and remained below industry peer averages. This reflects a balance sheet that continues to be conservatively positioned with a higher proportion of liquidity and investment securities. As the Bank continues to grow, management expects to deploy a greater share of funding into loans, reducing reliance on lower-yielding assets and creating an opportunity to improve net interest margin and overall profitability over time.

Strong deposit franchise and liquidity - Deposits remained stable and diversified throughout 2025, supporting strong on-balance-sheet liquidity. Total deposits were $332.4 million at December 31, 2025, compared to $309.2 million at December 31, 2024, an increase of 7.5% or $23.2 million.

Noninterest-bearing deposits totaled $104.2 million at December 31, 2025, representing 31% of total deposits, providing a low-cost funding base that supports margin stability and funding flexibility in a competitive rate environment. Management continues to view growth in operating and noninterest-bearing deposit relationships as a core strategic priority.

At December 31, 2025, wholesale funding remained modest, consisting of $10.2 million in brokered deposits and $4.0 million in FHLB advances, or 3.9% of total assets compared to $30.0 million in FHLB advances outstanding at December 31, 2024, or 8.4% of total assets. This reduction in wholesale funding strengthens the Bank's core funding profile and enhances the Bank's ability to support future loan growth and improve earning asset mix over time, while maintaining prudent funding diversification.

Solid asset quality - Asset quality metrics remained solid throughout 2025, reflecting continued focus on credit administration and risk management. Non-performing loans totaled 0.54% of total loans at December 31, 2025, compared to 0.18% at December 31, 2024. The allowance for credit losses was 1.17% of total loans at year-end 2025 and represented approximately 216% of non-performing loans, a level management believes remains prudent and conservative given portfolio composition, collateral coverage, and current economic conditions. In the fourth quarter of 2025, the Bank's provision for credit losses of $216,000 was primarily due to provisioning for $15.9 million of loan growth from $215.3 million at September 30, 2025 to $231.2 million at December 31, 2025.

Mortgage banking platform added - In August 2025, the Bank completed the acquisition of VA Wholesale Mortgage Incorporated("VAWM"), adding mortgage banking capabilities that expand product offerings and provide recurring fee-based income opportunities. Since the Bank's purchase, VAWM generated pre-tax income of $98,000, contributing to non-interest income growth and providing a foundation for expanded fee revenue in future periods.

Expanded products to attract higher-value customers - Over the past 18 months, the Bank introduced and enhanced several products aimed at attracting higher-dollar consumer and business relationships, including expanded ACH services, enhanced online and mobile banking capabilities, online wire services, mobile deposit capture, and reciprocal deposit solutions through IntraFi. These enhancements supported growth in operating accounts and strengthened the Bank's ability to compete for full-relationship business customers through year-end 2025.

Operating efficiency initiatives implemented - During 2025, the Company implemented an early retirement program and selective headcount reductions designed to align staffing levels with strategic priorities and improve operating leverage. Full-time equivalent employees decreased from 89 at December 31, 2024 to 69 at December 31, 2025, positioning the Bank to reallocate resources toward technology investments, revenue growth initiatives, and long-term operating efficiency. Certain severance and professional costs associated with these actions were incurred during 2025, while the full benefit of these initiatives is expected to be realized in future periods.

Leadership team strengthened - Over the past 18 months, the Company has continued to strengthen its executive management team. During 2025, Jeffrey Welch joined as Chief Credit Officer and Todd Capitani joined as Chief Financial Officer, bringing experience in growing and scaling community banks. Also, the Bank hired a new Director of Human Resources, Cathy Dombroski. In addition, the Bank recognized two strong performing executive team members with promotions, Jonathan Shearin, Chief Lending Officer was promoted to Senior Vice President, and Donna Smith, Director of Branch and Deposit Operations was promoted to Executive Vice President, further enhancing leadership continuity, institutional knowledge, and execution capabilities. With a solid foundation in place, management believes the organization is well positioned to transition from building the foundation to executing on the Bank's strategic growth initiatives.

Regulatory transition lowers future cost structure - During the fourth quarter of 2025, the Company completed its transition from the NASDAQ to the OTCQX® Best Market and deregistered from reporting obligations under the Securities Exchange Act of 1934. While this transition resulted in one-time professional and listing costs, management expects these actions to reduce ongoing annual compliance costs by approximately $200,000, improving operating leverage in future periods. Management believes the OTCQX provides a liquid and appropriate trading platform for a company of the Bank's size, aligning regulatory requirements with the Company's scale and allowing management to focus more fully on executing strategic initiatives and driving long-term performance.

Operating Results

Operating results during 2025 reflected improving core performance and the impact of strategic actions taken during the year. Net interest income benefited from continued net interest margin expansion, driven by loan growth, improved earning asset mix, and disciplined balance sheet management. Non-interest income increased during the year, supported by the acquisition of VA Wholesale Mortgage Incorporated ("VAWM"), which contributed positively to results following the acquisition.

Noninterest expense levels during 2025 included non-recurring items related to organizational restructuring, professional services, regulatory transition costs, and strategic investments in infrastructure and product capabilities. Management believes these actions position the Company for improved operating leverage, with expense levels expected to normalize as the benefits of these initiatives are realized over time.

Capital Position

Capital levels at December 31, 2025 remained well in excess of regulatory requirements, providing capacity to support near-term balance sheet growth. As the Company continues to execute its multi-year balance sheet optimization strategy, management intends growth to be funded primarily through core deposit expansion and balance sheet management, while remaining open to potential capital actions that could further support loan growth and improve returns over time.

"Throughout 2025, we focused on building the foundation necessary to grow assets, improve earnings, and create long-term value for our shareholders," said Mark C. Hanna, President and Chief Executive Officer. "While some of the actions we took resulted in short-term costs, we believe they materially improve our operating efficiency, revenue capabilities, leadership depth, and long-term earnings capacity. With a strong liquidity position, disciplined credit performance, and an expanded set of products and services, we believe the Company is well positioned as we enter 2026."

Glen Burnie Bancorp Information

Glen Burnie Bancorp is a bank holding company headquartered in Glen Burnie, Maryland. Founded in 1949, The Bank of Glen Burnie® is a locally owned community bank with six branch offices serving Anne Arundel County. The Bank is engaged in the commercial and retail banking business including the acceptance of demand and time deposits, and the origination of loans to individuals, associations, partnerships, and corporations. The Bank's real estate financing consists of residential first and second mortgage loans, home equity lines of credit and commercial mortgage loans. The Bank also originates automobile loans through arrangements with local automobile dealers. Additional information is available at www.thebankofglenburnie.com.

Forward-Looking Statements

Certain statements contained in this press release that are not historical facts may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and beliefs and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Forward-looking statements are often identified by words such as "anticipate," "believe," "expect," "intend," "plan," "may," "should," or similar expressions.

These statements are not guarantees of future performance and involve known and unknown risks and uncertainties. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.


GLEN BURNIE BANCORP AND SUBSIDIARY
CONSOLIDATED BALANCE SHEETS - 5 QUARTERS
(dollars in thousands, except shares outstanding)


	December 31,			September 30,			June 30,			March 31,			December 31,
		2025			2025			2025			2025			2024
	(unaudited)			(unaudited)			(unaudited)			(unaudited)			(audited)
ASSETS
Cash and due from banks	$	1,777		$	2,359		$	1,677		$	1,792		$	2,012
Interest-bearing deposits in other financial institutions		3,728			9,868			10,991			21,884			22,452
Total Cash and Cash Equivalents		5,505			12,227			12,668			23,676			24,464

Investment securities available for sale, at fair value		103,469			104,141			104,566			106,623			107,949
Restricted equity securities, at cost		441			251			869			1,201			1,671

Loans		231,221			215,320			213,362			207,393			205,219
Less: Allowance for credit losses		(2,716	)		(2,568	)		(2,587	)		(2,689	)		(2,839	)
Loans, net		228,505			212,752			210,775			204,704			202,380

Premises and equipment, net		2,393			2,463			2,575			2,609			2,678
Bank owned life insurance		9,012			8,966			8,921			8,877			8,834
Deferred tax assets, net		7,524			7,475			8,102			8,088			8,548
Accrued interest receivable		1,288			1,340			1,206			1,243			1,345
Accrued taxes receivable		-			310			271			159			148
Prepaid expenses		400			434			386			474			471
Goodwill		317			317			-			-			-
Other assets		1,062			1,118			382			319			468
Total Assets	$	359,916		$	351,794		$	350,721		$	357,973		$	358,956

LIABILITIES
Noninterest-bearing deposits	$	104,158		$	107,368		$	107,027		$	104,487		$	100,747
Interest-bearing deposits		228,224			221,701			210,289			212,770			208,442
Total Deposits		332,382			329,069			317,316			317,257			309,189

Short-term borrowings		4,000			-			13,000			20,000			30,000
Defined pension liability		342			341			340			338			330
Accrued expenses and other liabilities		1,767			1,655			1,132			1,197			1,620
Total Liabilities		338,491			331,065			331,788			338,792			341,139

STOCKHOLDERS' EQUITY
Common stock, par value $1, authorized 15,000,000 shares		2,920			2,920			2,901			2,901			2,901
Shares issued and outstanding		2,919,695			2,919,695			2,900,681			2,900,681			2,900,681
Additional paid-in capital		11,119			11,119			11,037			11,037			11,037
Deferred Compensation, Restricted Stock		(81	)		(84	)		-			-			-
Retained earnings		22,852			22,948			22,823			23,035			22,882
Accumulated other comprehensive loss ("AOCL")		(15,385	)		(16,174	)		(17,828	)		(17,792	)		(19,003	)
Total Stockholders' Equity		21,425			20,729			18,933			19,181			17,817
Total Liabilities and Stockholders' Equity	$	359,916		$	351,794		$	350,721		$	357,973		$	358,956

GLEN BURNIE BANCORP AND SUBSIDIARY
CONSOLIDATED STATEMENTS OF (LOSS) INCOME - 5 QUARTERS
(dollars in thousands, except per share amounts)
(unaudited)
	Three Months Ended
	December 31,			September 30,			June 30,			March 31,			December 31,
		2025			2025			2025			2025			2024
Interest income
Interest and fees on loans	$	3,181		$	3,126		$	2,909		$	2,709		$	2,851
Interest and dividends on securities		702			719			732			745			773
Interest on deposits with banks and federal funds sold		82			92			236			175			332
Total Interest Income		3,965			3,937			3,877			3,629			3,956

Interest expense
Interest on deposits		1,132			1,044			942			840			818
Interest on short-term borrowings		25			62			199			225			375
Total Interest Expense		1,157			1,106			1,141			1,065			1,193

Net Interest Income		2,808			2,831			2,736			2,564			2,763
Provision (release) of credit loss allowance		216			44			79			(621	)		58
Net interest income after credit loss (release) provision		2,592			2,787			2,657			3,185			2,705

Noninterest income
Service charges on deposit accounts		41			37			34			31			42
Mortgage Commissions		372			191			-			-			-
Other fees and commissions		208			297			142			131			245
Income on life insurance		45			45			44			43			45
Total Noninterest Income		666			570			220			205			332

Noninterest expenses
Salary and employee benefits		1,848			1,865			2,026			1,827			1,708
Occupancy and equipment expenses		275			248			256			309			330
Legal, accounting and other professional fees		526			478			278			384			346
Data processing and item processing services		283			219			224			257			260
FDIC insurance costs		46			46			44			41			42
Advertising and marketing related expenses		50			45			30			36			29
Loan collection costs		(12	)		19			7			46			13
Telephone costs		37			20			25			38			44
Other expenses		411			330			362			329			360
Total Noninterest Expenses		3,464			3,270			3,252			3,267			3,132

Income (loss) before income taxes		(206	)		87			(375	)		123			(95	)
Income tax benefit		(111	)		(38	)		(163	)		(30	)		(55	)

Net income (loss)	$	(95	)	$	125		$	(212	)	$	153		$	(40	)

Earnings (loss) per common share ⁽¹⁾	$	(0.03	)	$	0.04		$	(0.07	)	$	0.05		$	(0.01	)

⁽¹⁾ Basic and diluted earnings per share are the same as the Company has no dilutive shares.

GLEN BURNIE BANCORP AND SUBSIDIARY
CONSOLIDATED STATEMENTS OF (LOSS) INCOME
(dollars in thousands, except per share amounts)
	Year Ended
	December 31,			December 31,
		2025			2024
	(unaudited)			(audited)
Interest income
Interest and fees on loans	$	11,925		$	10,498
Interest and dividends on securities		2,898			3,379
Interest on deposits with banks and federal funds sold		585			1,335
Total Interest Income		15,408			15,212

Interest expense
Interest on deposits		3,958			2,533
Interest on short-term borrowings		511			1,738
Total Interest Expense		4,469			4,271

Net Interest Income		10,939			10,941
Provision (release) of credit loss allowance		(282	)		954
Net interest income after credit loss (release) provision		11,221			9,987

Noninterest income
Service charges on deposit accounts		143			150
Mortgage Commissions		563			-
Other fees and commissions		778			829
Income on life insurance		177			178
Total Noninterest Income		1,661			1,157

Noninterest expenses
Salary and employee benefits		7,566			6,580
Occupancy and equipment expenses		1,088			1,325
Legal, accounting and other professional fees		1,666			1,115
Data processing and item processing services		983			1,016
FDIC insurance costs		177			161
Advertising and marketing related expenses		161			117
Loan collection costs		60			25
Telephone costs		120			154
Other expenses		1,432			1,288
Total Noninterest Expenses		13,253			11,781

Income (loss) before income taxes		(371	)		(637	)
Income tax benefit		(342	)		(525	)

Net income (loss)	$	(29	)	$	(112	)

Earnings (loss) per common share⁽¹⁾	$	(0.01	)	$	(0.04	)

⁽¹⁾Basic and diluted earnings per share are the same as the Company has no dilutive shares.

GLEN BURNIE BANCORP AND SUBSIDIARY
SELECTED FINANCIAL DATA - 5 QUARTERS AND YEAR TO DATE
(dollars in thousands, except per share amounts)

	At And For The Three Months Ended															At And For The Year Ended
	December 31,			September 30,			June 30,			March 31,			December 31,			December 31,			December 31,
		2025			2025			2025			2025			2024			2025			2024
	(unaudited)			(unaudited)			(unaudited)			(unaudited)			(unaudited)			(unaudited)			(audited)

Selected Balance Sheet Data
Assets	$	359,916		$	351,794		$	350,721		$	357,973		$	358,956		$	359,916		$	358,956
Investment securities		103,469			104,141			104,566			106,623			107,949			103,469			107,949
Gross loans		231,221			215,320			213,362			207,393			205,219			231,221			205,219
Goodwill		317			317			-			-			-			317			-
Noninterest-bearing deposits		104,158			107,368			107,027			104,487			100,747			104,158			100,747
Interest-bearing deposits		228,224			221,701			210,289			212,770			208,442			228,224			208,442
Borrowings		4,000			-			13,000			20,000			30,000			4,000			30,000
AOCL		(15,385	)		(16,174	)		(17,828	)		(17,792	)		(19,003	)		(15,385	)		(19,003	)
Stockholders' equity		21,425			20,729			18,933			19,181			17,817			21,425			17,817

Summary Income Statement
Interest income		3,965			3,937			3,877			3,629			3,956			15,408			15,212
Interest expense		1,157			1,106			1,141			1,065			1,193			4,469			4,271
Net Interest Income		2,808			2,831			2,736			2,564			2,763			10,939			10,941
Provision (release) of credit loss allowance		216			44			79			(621	)		58			(282	)		954
Noninterest income		666			570			220			205			332			1,661			1,157

Salary and employee benefits		1,848			1,865			2,026			1,827			1,708			7,566			6,580
Operating Expenses		1,616			1,405			1,226			1,440			1,424			5,687			5,201
Noninterest expenses		3,464			3,270			3,252			3,267			3,132			13,253			11,781

Income (loss) before income taxes		(206	)		87			(375	)		123			(95	)		(371	)		(637	)
Income tax benefit		(111	)		(38	)		(163	)		(30	)		(55	)		(342	)		(525	)
Net income (loss)	$	(95	)	$	125		$	(212	)	$	153		$	(40	)	$	(29	)	$	(112	)

Pre-Tax Pre-Provision ("PTPP") income (loss)	$	10		$	131		$	(296	)	$	(498	)	$	(37	)	$	(653	)	$	317

Earnings (loss) per common share⁽¹⁾	$	(0.03	)	$	0.04			(0.07	)		0.05			(0.01	)		(0.01	)		(0.04	)
Weighted average shares outstanding		2,919,695			2,919,695			2,900,681			2,900,681			2,900,681			2,916,970			2,893,871

Average Balances
Assets	$	354,743		$	353,651		$	356,587		$	353,308		$	366,888		$	354,569		$	363,994
Investment securities		125,734			127,918			130,343			132,805			136,868			129,200			148,037
Loans		220,069			216,263			208,951			205,868			204,703			212,788			192,646
Deposits		328,709			326,906			317,647			312,031			314,046			321,323			309,838
Borrowings		2,441			5,286			17,824			20,215			30,323			11,442			32,721
Stockholders' equity		21,498			19,452			19,780			19,257			20,664			19,962			19,169

GLEN BURNIE BANCORP AND SUBSIDIARY
SELECTED FINANCIAL DATA - 5 QUARTERS AND YEAR TO DATE (Continued)
(dollars in thousands, except per share amounts)

	At And For The Three Months Ended															At And For The Year Ended
	December 31,			September 30,			June 30,			March 31,			December 31,			December 31,			December 31,
		2025			2025			2025			2025			2024			2025			2024
	(unaudited)			(unaudited)			(unaudited)			(unaudited)			(unaudited)			(unaudited)			(audited)
Capital and Capital Ratios (Bank)⁽²⁾
Common Equity Tier 1 Capital Ratio		13.80	%		14.82	%		14.91	%		15.42	%		15.15	%		13.80	%		15.15	%
Tier 1 Risk-based Capital Ratio		13.80	%		14.82	%		14.91	%		15.42	%		15.15	%		13.80	%		15.15	%
Tier 1 Leverage Ratio		9.49	%		9.67	%		9.59	%		9.71	%		9.97	%		9.49	%		9.97	%
Total Risk-Based Capital Ratio		14.94	%		15.96	%		16.06	%		16.60	%		16.40	%		14.94	%		16.40	%
Common Equity Tier 1 Capital	$	35,555		$	36,204		$	36,449		$	36,639		$	36,481		$	35,555		$	36,481
Tier 1 Regulatory Capital	$	35,555		$	36,204		$	36,449		$	36,639		$	36,481		$	35,555		$	36,481
Total Regulatory Capital	$	38,482		$	38,987		$	39,281		$	39,438		$	39,496		$	38,482		$	39,496

Capital Ratios (Company)
Common Equity Ratio		5.95	%		5.89	%		5.40	%		5.36	%		4.96	%		5.95	%		4.96	%
Tangible Capital Ratio⁽³⁾		5.87	%		5.81	%		5.40	%		5.36	%		4.96	%		5.87	%		4.96	%

Performance Ratios
Return on average assets ("ROAA")		-0.11	%		0.14	%		-0.24	%		0.18	%		-0.04	%		-0.01	%		-0.03	%
PTPP ROAA		0.01	%		0.15	%		-0.33	%		-0.57	%		-0.04	%		-0.18	%		0.09	%
Return on average common equity ("ROACE")		-1.75	%		2.55	%		-4.30	%		3.22	%		-0.77	%		-0.15	%		-0.58	%
PTPP ROACE		0.18	%		2.67	%		-6.00	%		-10.49	%		-0.71	%		-3.27	%		1.65	%
Efficiency ratio⁽⁴⁾		99.71	%		96.15	%		110.01	%		117.98	%		101.20	%		105.18	%		97.38	%
Net operating expense ratio⁽⁵⁾		3.15	%		3.05	%		3.40	%		3.47	%		3.05	%		3.27	%		2.92	%

Loan Yields		5.73	%		5.73	%		5.58	%		5.34	%		5.54	%		5.60	%		5.45	%
Yield on earning assets		4.44	%		4.40	%		4.33	%		4.13	%		4.27	%		4.32	%		4.15	%
Cost of funds		1.39	%		1.32	%		1.36	%		1.30	%		1.38	%		1.34	%		1.25	%
Cost of interest-bearing liabilities		2.06	%		1.97	%		1.99	%		1.89	%		1.98	%		1.98	%		1.85	%
Net interest margin		3.14	%		3.17	%		3.05	%		2.92	%		2.98	%		3.07	%		2.98	%
Net interest margin - FTE		3.21	%		3.24	%		3.13	%		3.00	%		3.06	%		3.15	%		3.06	%

Dividends Paid	$	-		$	-		$	-		$	-		$	288		$	-		$	865
Cash dividends declared per share		-			-			-			-			0.10			-			0.30

Tangible book value per share⁽³⁾		7.23			6.99			6.53			6.61			6.14			7.23			6.14
Book value per share	$	7.34		$	7.10		$	6.53		$	6.61		$	6.14		$	7.34		$	6.14
Shares issued and outstanding		2,919,695			2,919,695			2,900,681			2,900,681			2,900,681			2,919,695			2,900,681

GLEN BURNIE BANCORP AND SUBSIDIARY
SELECTED FINANCIAL DATA - 5 QUARTERS AND YEAR TO DATE (Continued)
(dollars in thousands, except per share amounts)

	At And For The Three Months Ended															At And For The Year Ended
	December 31,			September 30,			June 30,			March 31,			December 31,			December 31,			December 31,
		2025			2025			2025			2025			2024			2025			2024
	(unaudited)			(unaudited)			(unaudited)			(unaudited)			(unaudited)			(unaudited)			(audited)
Asset Quality and Liquidity
Allowance for credit losses ("ACL")		2,716			2,568			2,587			2,689			2,839			2,716			2,839

Nonaccrual loans		1,256			1,201			1,066			1,135			360			1,256			360
90+past due and accruing		-			-			-			-			-			-			-
Restructured loans⁽⁶⁾		-			-			-			-			-			-			-
Nonperforming loans ("NPLs")		1,256			1,201			1,066			1,135			360			1,256			360
Other Real Estate Owned		-			-			-			-			-			-			-
Nonperforming assets ("NPAs")		1,256			1,201			1,066			1,135			360			1,256			360

ACL to gross loans		1.17	%		1.19	%		1.21	%		1.30	%		1.38	%		1.17	%		1.38	%
NPLs to gross loans		0.54	%		0.56	%		0.50	%		0.55	%		0.18	%		0.54	%		0.18	%
ACL to nonperforming loans		216.2	%		213.8	%		242.7	%		236.9	%		788.6	%		216.2	%		788.6	%
Net charge-offs (recoveries)	$	71		$	94		$	45		$	4		$	(20	)	$	214			162
Net charge-offs (recoveries) to avg. loans		0.13	%		0.17	%		0.09	%		0.01	%		-0.04	%		0.10	%		0.08	%
NPAs to Assets		0.35	%		0.34	%		0.30	%		0.32	%		0.10	%		0.35	%		0.10	%
Loans to Deposits		69.6	%		65.4	%		67.2	%		65.4	%		66.4	%		69.6	%		66.4	%

⁽¹⁾Basic and diluted earnings per share are the same as the Company has no dilutive shares.
⁽²⁾The Company and Bank are subject to regulatory capital requirements administered by federal banking agencies. Management has determined that the Company's risk-based capital ratios are not materially different than the Bank's and the Company's regulatory ratios are not reflected in the table.
⁽³⁾Tangible book value and tangible capital ratios exclude goodwill of $317 thousand
⁽⁴⁾The efficiency ratio is defined as noninterest expense divided by the sum of net interest income and noninterest income.
⁽⁵⁾The net operating expense ratio is defined as noninterest expense less noninterest income divided by average assets.
⁽⁶⁾These are restructured loans to borrowers with financial difficulty that are not included in nonaccrual status.

For further information contact:

Todd L. Capitani, Chief Financial Officer and Treasurer
410-768-8883
tcapitani@bogb.net
106 Padfield Blvd
Glen Burnie, MD 21061

Glen Burnie Bancorp Reports 2025 Fourth Quarter and Annual Results