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Parent Company Financial Information (Tables)

12 Months Ended

Dec. 31, 2014

Organization, Consolidation and Presentation Of Financial Statements [Abstract]

Schedule of balance sheets


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

Schedule of income statement


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

Schedule of statement cash flows


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