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Parent Company Financial Information | 12 Months Ended
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Dec. 31, 2014
Condensed Financial Information Of Parent Company Only Disclosure [Abstract] |
Parent Company Financial Information | Note 19. Parent Company Financial Information
| The Balance Sheets, Statements of Income, and Statements of Cash Flows for Glen Burnie Bancorp (Parent Only) are presented below:
Balance Sheets
December 31, |  | 2014 |  |  | 2013 |  |  | 2012 |
Assets
Cash |  | $ | 283,796 |  |  | $ | 296,245 |  |  | $ | 75,902 |
Investment in The Bank of Glen Burnie |  |  | 33,557,329 |  |  |  | 31,292,459 |  |  |  | 33,250,639 |
Investment in GBB Properties, Inc. |  |  | 254,870 |  |  |  | 255,170 |  |  |  | 255,470 |
Due from subsidiaries |  |  | 2,095 |  |  |  | 2,067 |  |  |  | 1,362 |
Other assets |  |  | 8,533 |  |  |  | 11,957 |  |  |  | 4,292 |
Total assets |  | $ | 34,106,623 |  |  | $ | 31,857,898 |  |  | $ | 33,587,665 |
Liabilities and Stockholders’ Equity
Dividends payable |  |  | 276,096 |  |  | $ | 274,737 |  |  | $ | - |
Total liabilities |  |  | 276,096 |  |  |  | 274,737 |  |  |  | - |
Stockholders’ equity: |  |  |  |  |  |  |  |  |  |  |  |
Common stock |  |  | 2,760,964 |  |  |  | 2,747,370 |  |  |  | 2,736,978 |
Surplus |  |  | 9,854,119 |  |  |  | 9,713,335 |  |  |  | 9,604,906 |
Retained earnings |  |  | 21,112,714 |  |  |  | 20,300,531 |  |  |  | 18,783,164 |
Accumulated other comprehensive income (loss), net of benefits |  |  | 102,730 |  |  |  | (1,178,075 | ) |  |  | 2,462,617 |
Total stockholders’ equity |  |  | 33,830,527 |  |  |  | 31,583,161 |  |  |  | 33,587,665 |
Total liabilities and stockholders’ equity |  | $ | 34,106,623 |  |  | $ | 31,857,898 |  |  | $ | 33,587,665 |
Statements of Income
Years Ended December 31, |  | 2014 |  |  | 2013 |  |  | 2012 |
Dividends and distributions from subsidiaries |  | $ | 980,000 |  |  | $ | 980,000 |  |  | $ | 980,000 |
Other expenses |  |  | (77,375 | ) |  |  | (76,005 | ) |  |  | (65,446 | )
Income before income tax benefit and equity in undistributed net income of subsidiaries |  |  | 902,625 |  |  |  | 903,995 |  |  |  | 914,554 |
Income tax benefit |  |  | 28,136 |  |  |  | 27,970 |  |  |  | 24,084 |
Change in undistributed equity of subsidiaries |  |  | 983,765 |  |  |  | 1,682,212 |  |  |  | 1,726,442 |
Net income |  | $ | 1,914,526 |  |  | $ | 2,614,177 |  |  | $ | 2,665,080 |
Statements of Cash Flows
Years Ended December 31, |  | 2014 |  |  | 2013 |  |  | 2012 |
Cash flows from operating activities: |  |  |  |  |  |  |  |  |
Net income |  | $ | 1,914,526 |  |  | $ | 2,614,177 |  |  | $ | 2,665,080 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |  |  |  |  |  |  |  |
Decrease (increase) in other assets |  |  | 3,424 |  |  |  | (7,665 | ) |  |  | - |
(Increase) in due from subsidiaries |  |  | (28 | ) |  |  | (705 | ) |  |  | (335 | )
Change in undistributed equity of subsidiaries |  |  | (983,765 | ) |  |  | (1,682,212 | ) |  |  | (1,726,441 | )
Net cash provided by operating activities |  |  | 934,157 |  |  |  | 923,595 |  |  |  | 938,304 |
Cash flows from financing activities: |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from dividend reinvestment plan |  |  | 154,378 |  |  |  | 118,821 |  |  |  | 186,369 |
Dividends paid |  |  | (1,100,984 | ) |  |  | (822,073 | ) |  |  | (1,363,093 | )
Net cash used in financing activities |  |  | (946,606 | ) |  |  | (703,252 | ) |  |  | (1,176,724 | )
(Decrease) increase in cash |  |  | (12,449 | ) |  |  | 220,343 |  |  |  | (238,420 | )
Cash, beginning of year |  |  | 296,245 |  |  |  | 75,902 |  |  |  | 314,322 |
Cash, end of year |  | $ | 283,796 |  |  | $ | 296,245 |  |  | $ | 75,902 |

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