Parent Company Financial Information (Tables)

12 Months Ended

Dec. 31, 2017

___________________________________________Balance Sheets________________________________________


December 31,	2017		2016
(dollars in thousands)
Assets

Cash	$	233	$	169
Investment in The Bank of Glen Burnie		33,785		33,527
Investment in GBB Properties, Inc.		21		104
Due from subsidiaries		1		3
Other assets		4		11

Total assets	$	34,044	$	33,814

Liabilities and Stockholders’ Equity

Other liabilities	$	1	$	—
Dividends payable		—		—
Total liabilities		1		—

Stockholders’ equity:
Common stock		2,801		2,787
Surplus		10,267		10,130
Retained earnings		21,606		21,707
Accumulated other comprehensive income (loss), net of benefits		(631)		(810)
Total stockholders’ equity		34,043		33,814

Total liabilities and stockholders’ equity	$	34,044	$	33,814

__________________________________________Statements of Income___________________________________


Year Ended December 31,	2017		2016
(dollars in thousands)

Dividends and distributions from subsidiaries	$	1,089	$	1,005
Other expenses		(115)		(93)
Income before income tax benefit and equity in undistributed net income of subsidiaries		974		912
Income tax benefit		45		36
Change in undistributed equity of subsidiaries		(108)		153

Net income	$	911	$	1,101

___________________________________Statements of Cash Flows_______________________________________


Year Ended December 31,	2017		2016
	(dollars in thousands)
Cash flows from operating activities:
Net income	$	911	$	1,101
Adjustments to reconcile net income to net cash provided by operating activities:
Decrease (increase) in other assets		7		(3)
Increase (decrease) in other liabilities		1		(10)
Decrease in due from subsidiaries		2		3
Change in undistributed equity of subsidiaries		110		(152)

Net cash provided by operating activities		1,031		939

Cash flows from financing activities:
Proceeds from dividend reinvestment plan		151		157
Dividends paid		(1,117)		(1,111)

Net cash used in financing activities		(966)		(954)

(Decrease) increase in cash		64		(15)

Cash, beginning of year		169		184

Cash, end of year	$	233	$	169