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Parent Company Financial Information (Tables) | 12 Months Ended
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Dec. 31, 2022
Parent Company Financial Information |
Schedule of balance sheets statement | ___________________________________________Balance Sheets________________________________________
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
December 31, |  | 2022 |  | 2021 |
(dollars in thousands) | ​ | ​ | ​
Assets | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash | ​ | $ | 77 | ​ | $ | 99 | ​
Investment in The Bank of Glen Burnie | ​ |  | 15,975 | ​ |  | 35,614 | ​
Other assets | ​ |  | 2 | ​ |  | 3 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total assets | ​ | $ | 16,054 | ​ | $ | 35,716 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Liabilities and Stockholders’ Equity | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Stockholders’ equity: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Common stock | ​ |  | 2,865 | ​ |  | 2,854 | ​
Surplus | ​ |  | 10,862 | ​ |  | 10,759 | ​
Retained earnings | ​ |  | 23,579 | ​ |  | 22,977 | ​
Accumulated other comprehensive loss, net of benefits | ​ |  | (21,252) | ​ |  | (874) | ​
Total stockholders’ equity | ​ |  | 16,054 | ​ |  | 35,716 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total liabilities and stockholders’ equity | ​ | $ | 16,054 | ​ | $ | 35,716 | ​
​
Schedule of income statement | __________________________________________Statements of Income___________________________________ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Year Ended December 31, |  | 2022 |  | 2021 |
(dollars in thousands) | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Dividends and distributions from subsidiary | ​ | $ | 1,210 | ​ | $ | 1,200 | ​
Other expenses | ​ |  | (243) | ​ |  | (245) | ​
Income before income tax benefit and equity in undistributed net income of subsidiary | ​ |  | 967 | ​ |  | 955 | ​
Income tax benefit | ​ |  | 39 | ​ |  | 44 | ​
Change in undistributed equity of subsidiary | ​ |  | 739 | ​ |  | 1,517 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net income | ​ | $ | 1,745 | ​ | $ | 2,516 | ​
​
Schedule of cash flow statement | ___________________________________Statements of Cash Flows_______________________________________
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Year Ended December 31, |  | 2022 |  | 2021 |
​ | ​ | (dollars in thousands) | ​
Cash flows from operating activities: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net income | ​ | $ | 1,745 | ​ | $ | 2,516 | ​
Adjustments to reconcile net income to net cash provided by operating activities: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Increase in other assets | ​ |  | — | ​ |  | (3) | ​
Change in undistributed equity of subsidiary | ​ |  | (739) | ​ |  | (1,517) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net cash provided by operating activities | ​ |  | 1,006 | ​ |  | 996 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash flows from financing activities: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Proceeds from dividend reinvestment plan | ​ |  | 115 | ​ |  | 130 | ​
Dividends paid | ​ |  | (1,143) | ​ |  | (1,138) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net cash used in financing activities | ​ |  | (1,028) | ​ |  | (1,008) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Decrease in cash | ​ |  | (22) | ​ |  | (12) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash, beginning of year | ​ |  | 99 | ​ |  | 111 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash, end of year | ​ | $ | 77 | ​ | $ | 99 | ​

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