XML 21 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Balance Sheets (USD $)
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Assets      
Cash and due from banks $ 6,877,110 $ 6,492,313 $ 6,993,811
Interest-bearing deposits in other financial institutions 2,422,579 1,567,673 3,748,387
Federal funds sold 653,901 940,317 691,624
Cash and cash equivalents 9,953,590 9,000,303 11,433,822
Investment securities available for sale, at fair value 102,866,555 87,268,359 84,462,605
Federal Home Loan Bank stock, at cost 1,520,400 1,745,100 1,858,300
Maryland Financial Bank stock 30,000 100,000 100,000
Common stock in the Glen Burnie Statutory Trust I     155,000
Ground rents, at cost 175,200 178,200 184,900
Loans, less allowance for credit losses 2011 $3,930,924; 2010 $3,399,516; 2009 $3,572,528; 232,734,257 229,850,888 235,882,862
Premises and equipment, at cost, less accumulated depreciation 4,107,707 4,123,616 4,120,597
Accrued interest receivable on loans and investment securities 1,541,519 1,538,883 1,626,792
Deferred income tax benefits 1,680,899 3,348,974 3,129,435
Other real estate owned 1,110,696 215,000 25,000
Cash value of life insurance 8,433,155 7,954,062 7,702,656
Other assets 1,106,285 1,743,891 2,714,728
Total assets 365,260,263 347,067,276 353,396,697
Deposits:      
Noninterest-bearing 73,339,463 68,056,159 67,807,699
Interest-bearing 238,605,198 226,388,669 226,550,138
Total deposits 311,944,661 294,444,828 294,357,837
Short-term borrowings 254,749 4,273,948 81,290
Long-term borrowings 20,000,000 20,000,000 27,033,711
Junior subordinated debentures owed to unconsolidated subsidiary trust     5,155,000
Dividends payable 271,791 231,579 230,285
Accrued interest payable on deposits 48,101 55,131 112,599
Accrued interest payable on junior subordinated debentures     171,518
Other liabilities 1,530,131 1,729,144 1,105,335
Total liabilities 334,049,433 320,734,630 328,247,575
Commitments and contingencies         
Stockholders' equity:      
Common stock, par value $1, authorized 15,000,000 shares; issued and outstanding 2011 2,717,909 shares; 2010 2,702,091 shares; 2009 2,683,015 shares; 2,717,909 2,702,091 2,683,015
Surplus 9,437,605 9,334,810 9,190,911
Retained earnings 17,209,386 15,300,344 14,311,508
Accumulated other comprehensive income (loss), net of tax 1,845,930 (1,004,599) (1,036,312)
Total stockholders' equity 31,210,830 26,332,646 25,149,122
Total liabilities and stockholders' equity $ 365,260,263 $ 347,067,276 $ 353,396,697