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Parent Company Financial Information (Tables)

12 Months Ended

Dec. 31, 2013

Organization, Consolidation and Presentation Of Financial Statements [Abstract]

Schedule of balance sheets


Balance Sheets

December 31,		2013				2012				2011

Assets
Cash		$	296,245			$	75,902			$	314,322
Investment in The Bank of Glen Burnie			31,292,459				33,250,639				30,907,210
Investment in GBB Properties, Inc.			255,170				255,470				255,770
Due from subsidiaries			2,067				1,362				1,027
Other assets			11,957				4,292				4,292

Total assets		$	31,857,898			$	33,587,665			$	31,482,621

Liabilities and Stockholders’ Equity
Dividends payable		$	274,737			$	-			$	271,791
Total liabilities			274,737				-				271,791

Stockholders’ equity:
Common stock			2,747,370				2,736,978				2,717,909
Surplus			9,713,335				9,604,906				9,437,605
Retained earnings			20,300,531				18,783,164				17,209,386
Accumulated other comprehensive income (loss), net of benefits			(1,178,075	)			2,462,617				1,845,930
Total stockholders’ equity			31,583,161				33,587,665				31,210,830

Total liabilities and stockholders’ equity		$	31,857,898			$	33,587,665			$	31,482,621

Schedule of income statement


Statements of Income

Years Ended December 31,		2013				2012				2011

Dividends and distributions from subsidiaries		$	980,000			$	980,000			$	920,000
Other expenses			(76,005	)			(65,446	)			(58,172	)
Income before income tax benefit and equity in undistributed net income of subsidiaries			903,995				914,554				861,828
Income tax benefit			27,970				24,084				21,120
Change in undistributed equity of subsidiaries			1,682,212				1,726,442				2,110,145

Net income		$	2,614,177			$	2,665,080			$	2,993,093

Schedule of statement cash flows


Statements of Cash Flows

Years Ended December 31,		2013				2012				2011

Cash flows from operating activities:
Net income		$	2,614,177			$	2,665,080			$	2,993,093
Adjustments to reconcile net income to net cash provided by operating activities:
(Increase) decrease in other assets			(7,665	)			-				291
(Increase) decrease in due from subsidiaries			(705	)			(335	)			387
Change in undistributed equity of subsidiaries			(1,682,212	)			(1,726,441	)			(2,110,145	)

Net cash provided by operating activities			923,595				938,304				883,626

Cash flows from financing activities:
Proceeds from dividend reinvestment plan			118,821				186,369				118,613
Dividends paid			(822,073	)			(1,363,093	)			(1,043,839	)

Net cash used in financing activities			(703,252	)			(1,176,724	)			(925,226	)

Increase (decrease) in cash			220,343				(238,420	)			(41,600	)

Cash, beginning of year			75,902				314,322				355,922

Cash, end of year		$	296,245			$	75,902			$	314,322