XML 53 R40.htm IDEA: XBRL DOCUMENT
v3.24.1

Parent Company Financial Information (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Parent Company Financial Information |
Schedule of balance sheets statement | ___________________________________________Balance Sheets________________________________________
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
December 31, |  | 2023 |  | 2022 |
(dollars in thousands) | ​ | ​ | ​
Assets | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash | ​ | $ | 88 | ​ | $ | 77 | ​
Investment in The Bank of Glen Burnie | ​ |  | 19,227 | ​ |  | 15,975 | ​
Other assets | ​ |  | 10 | ​ |  | 2 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total assets | ​ | $ | 19,325 | ​ | $ | 16,054 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Liabilities and Stockholders’ Equity | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Stockholders’ equity: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Common stock | ​ |  | 2,883 | ​ |  | 2,865 | ​
Surplus | ​ |  | 10,964 | ​ |  | 10,862 | ​
Retained earnings | ​ |  | 23,859 | ​ |  | 23,579 | ​
Accumulated other comprehensive loss, net of benefits | ​ |  | (18,381) | ​ |  | (21,252) | ​
Total stockholders’ equity | ​ |  | 19,325 | ​ |  | 16,054 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total liabilities and stockholders’ equity | ​ | $ | 19,325 | ​ | $ | 16,054 | ​
Schedule of income statement | __________________________________________Statements of Income___________________________________ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Year Ended December 31, |  | 2023 |  | 2022 |
(dollars in thousands) | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Dividends and distributions from subsidiary | ​ | $ | 1,210 | ​ | $ | 1,210 | ​
Other expenses | ​ |  | (205) | ​ |  | (243) | ​
Income before income tax benefit and equity in undistributed net income of subsidiary | ​ |  | 1,005 | ​ |  | 967 | ​
Income tax benefit | ​ |  | 43 | ​ |  | 39 | ​
Change in undistributed equity of subsidiary | ​ |  | 381 | ​ |  | 739 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net income | ​ | $ | 1,429 | ​ | $ | 1,745 | ​
Schedule of cash flow statement | ___________________________________Statements of Cash Flows_______________________________________
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Year Ended December 31, |  | 2023 |  | 2022 |
​ | ​ | (dollars in thousands) | ​
Cash flows from operating activities: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net income | ​ | $ | 1,429 | ​ | $ | 1,745 | ​
Adjustments to reconcile net income to net cash provided by operating activities: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Increase in other assets | ​ |  | (8) | ​ |  | — | ​
Change in undistributed equity of subsidiary | ​ |  | (381) | ​ |  | (739) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net cash provided by operating activities | ​ |  | 1,040 | ​ |  | 1,006 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash flows from financing activities: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Proceeds from dividend reinvestment plan | ​ |  | 120 | ​ |  | 115 | ​
Dividends paid | ​ |  | (1,149) | ​ |  | (1,143) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net cash used in financing activities | ​ |  | (1,029) | ​ |  | (1,028) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Increase (decrease) in cash | ​ |  | 11 | ​ |  | (22) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash, beginning of year | ​ |  | 77 | ​ |  | 99 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash, end of year | ​ | $ | 88 | ​ | $ | 77 | ​
​

X
- References No definition available. + Details
Name: | srt_CondensedFinancialInformationOfParentCompanyOnlyDisclosureAbstract
Namespace Prefix: | srt_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed balance sheet, including, but not limited to, balance sheets of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 04 -Paragraph (a) -Publisher SEC Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-3 + Details
Name: | srt_ScheduleOfCondensedBalanceSheetTableTextBlock
Namespace Prefix: | srt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed cash flow statement, including, but not limited to, cash flow statements of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 04 -Paragraph (a) -Publisher SEC Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-3 + Details
Name: | srt_ScheduleOfCondensedCashFlowStatementTableTextBlock
Namespace Prefix: | srt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed income statement, including, but not limited to, income statements of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 04 -Paragraph (a) -Publisher SEC Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-3 + Details
Name: | srt_ScheduleOfCondensedIncomeStatementTableTextBlock
Namespace Prefix: | srt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration