Unassociated Document

EXHIBIT 99.1

		NEWS RELEASE

FOR IMMEDIATE RELEASE

Contact: Yvonne “Rie” Atkinson

410-768-8857 (office)

ratkinson@bogb.net

GLEN BURNIE BANCORP RELEASES 2Q EARNINGS

GLEN BURNIE, MD (August 11, 2011) – Glen Burnie Bancorp (NASDAQ: GLBZ), parent company of The Bank of Glen Burnie, today announced results for the second quarter.

For the three month period ended June 30, 2011, Glen Burnie Bancorp realized net income of $758,000 or $0.28 basic earnings per share. The company reported net income of $322,000 or $0.12 basic earnings per share for the same three month period in 2010. Net interest income after provisions for credit losses was $3,396,000 for the three month period ended June 30, 2011. The company reported net interest income after provisions for credit losses of $2,731,000 for the same period in 2010.

Net income for the six months ended June 30, 2011 was $1,467,000 or $0.54 basic earnings per share as compared to $721,000 or $0.27 basic earnings per share for the same period in 2010. Net interest income after provisions for credit losses for the six months ended June 30, 2011 was $6,518,000 as compared to $5,525,000 for the same period in 2010.

Total assets stood at $357,841,000 as of June 30, 2011 compared to $364,318,000 as of June 30, 2010. Deposits were $306,735,000 on June 30, 2011 as compared to $303,250,000 on June 30, 2010.

On July 7, 2011, Glen Burnie Bancorp paid its 76th consecutive dividend to shareholders of record at the close of business on June 24, 2011. The company had 2,707,865 common shares outstanding with approximately 450 shareholders of record on June 20, 2011.

“Our commitment to basic banking principles has continued to produce positive results as reflected by our reported earnings. Focusing on traditional banking, serving our customers and community has produced positive and consistent results for our shareholders.” said Michael G. Livingston, President and CEO.

Glen Burnie Bancorp, parent company to The Bank of Glen Burnie®, currently maintains consolidated assets totaling more than $355 million. Founded in 1949, The Bank of Glen Burnie® is a locally-owned community bank with eight branch offices serving Anne Arundel County. (www.thebankofglenburnie.com)

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Certain information contained in this news release, which does not relate to historical financial information, may be deemed to constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are subject to certain risks and uncertainties, which could cause the company’s actual results in the future to differ materially from its historical results and those presently anticipated or projected. For a more complete discussion of these and other risk factors, please see the company’s reports filed with the Securities and Exchange Commission.

Glen Burnie Bancorp and Subsidiaries

Condensed Consolidated Balance Sheets

(dollars in thousands)

	(unaudited)		(audited)
	June		December
		30, 2011		31, 2010
Assets

Cash and due from banks	$	7,056	$	6,492
Interest bearing deposits		2,625		1,568
Federal funds sold		710		940
Investment securities		96,386		87,268
Loans, net of allowance		230,156		229,851
Premises and equipment at cost, net of accumulated depreciation		4,118		4,124
Other real estate owned		1,435		215
Other assets		15,355		16,609
Total assets	$	357,841	$	347,067


Liabilities and Stockholders' Equity


Liabilities:
Deposits	$	306,735	$	294,444
Short-term borrowings		185		4,274
Long-term borrowings		20,000		20,000
Other liabilities		1,844		2,017
Total liabilities		328,764		320,735


Stockholders' equity:
Common stock, par value $1, authorized 15,000,000 shares;
issued and outstanding June 30, 2011 2,712,656;
December 31, 2010 2,702,091 shares		2,713		2,702
Surplus		9,404		9,335
Retained earnings		16,226		15,300
Accumulated other comprehensive gain (loss), net of taxes (benefits)		734		(1,005	)

Total stockholders' equity		29,077		26,332

Total liabilities and stockholders' equity	$	357,841	$	347,067

Glen Burnie Bancorp and Subsidiaries

Condensed Consolidated Statements of Income

(dollars in thousands, except per share amounts)

	Three Months Ended					Six Months Ended
	June 30,					June 30,
	(unaudited)					(unaudited)
	2011		2010			2011		2010

Interest income on
Loans, including fees	$	3,486	$	3,686		$	6,996	$	7,395
U.S. Government agency securities		412		533			753		1,013
State and municipal securities		399		339			783		660
Other		26		54			77		116
Total interest income		4,323		4,612			8,609		9,184

Interest expense on
Deposits		766		947			1,544		1,944
Junior subordinated debentures		-		220			-		440
Long-term borrowings		160		264			318		525
Short-term borrowings		1		-			4		-
Total interest expense		927		1,431			1,866		2,909

Net interest income		3,396		3,181			6,743		6,275

Provision for credit losses		-		450			225		750

Net interest income after provision for credit losses		3,396		2,731			6,518		5,525

Other income
Service charges on deposit accounts		153		157			318		318
Other fees and commissions		202		205			396		392
Other non-interest income		2		-			5		3
Income on life insurance		59		67			120		134
Gains on investment securities		73		-			261		-
Total other income		489		429			1,100		847

Other expenses
Salaries and employee benefits		1,636		1,654			3,278		3,349
Impairment of securities		70		66			92		66
Occupancy		200		197			429		420
Other expenses		981		925			1,899		1,768
Total other expenses		2,887		2,842			5,698		5,603

Income before income (benefit) taxes		998		318			1,920		769

Income tax (benefit ) expense		240		(4	)		453		48

Net income	$	758	$	322		$	1,467	$	721

Net income per share of common stock	$	0.28	$	0.12		$	0.54	$	0.27

Weighted-average shares of common stock outstanding		2,708,233		2,687,501			2,705,434		2,685,384