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Parent Company Financial Information (Tables) | 12 Months Ended
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Dec. 31, 2024
Parent Company Financial Information |
Schedule of balance sheets statement | ___________________________________________Balance Sheets________________________________________
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
December 31, |  | 2024 |  | 2023 |
(dollars in thousands) | ​ | ​ | ​
Assets | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash | ​ | $ | 32 | ​ | $ | 88 | ​
Investment in The Bank of Glen Burnie | ​ |  | 17,726 | ​ |  | 19,227 | ​
Other assets | ​ |  | 59 | ​ |  | 10 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total assets | ​ | $ | 17,817 | ​ | $ | 19,325 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Liabilities and Stockholders’ Equity | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Stockholders’ equity: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Common stock | ​ |  | 2,901 | ​ |  | 2,883 | ​
Surplus | ​ |  | 11,037 | ​ |  | 10,964 | ​
Retained earnings | ​ |  | 22,882 | ​ |  | 23,859 | ​
Accumulated other comprehensive loss, net of benefits | ​ |  | (19,003) | ​ |  | (18,381) | ​
Total stockholders’ equity | ​ |  | 17,817 | ​ |  | 19,325 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total liabilities and stockholders’ equity | ​ | $ | 17,817 | ​ | $ | 19,325 | ​
Schedule of income statement | __________________________________________Statements of Income___________________________________ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Year Ended December 31, |  | 2024 |  | 2023 |
(dollars in thousands) | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Dividends and distributions from subsidiary | ​ | $ | 990 | ​ | $ | 1,210 | ​
Other expenses | ​ |  | (282) | ​ |  | (205) | ​
Income before income tax benefit and equity in undistributed net income of subsidiary | ​ |  | 708 | ​ |  | 1,005 | ​
Income tax benefit | ​ |  | 59 | ​ |  | 43 | ​
Change in undistributed equity of subsidiary | ​ |  | (879) | ​ |  | 381 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net (loss) income | ​ | $ | (112) | ​ | $ | 1,429 | ​
Schedule of cash flow statement | ___________________________________Statements of Cash Flows_______________________________________
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Year Ended December 31, |  | 2024 |  | 2023 |
​ | ​ | (dollars in thousands) | ​
Cash flows from operating activities: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net (loss) income | ​ | $ | (112) | ​ | $ | 1,429 | ​
Adjustments to reconcile net (loss) income to net cash provided by operating activities: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Increase in other assets | ​ |  | (48) | ​ |  | (8) | ​
Change in undistributed equity of subsidiary | ​ |  | 879 | ​ |  | (381) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net cash provided by operating activities | ​ |  | 719 | ​ |  | 1,040 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash flows from financing activities: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Proceeds from dividend reinvestment plan | ​ |  | 91 | ​ |  | 120 | ​
Dividends paid | ​ |  | (865) | ​ |  | (1,149) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net cash used in financing activities | ​ |  | (774) | ​ |  | (1,029) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(Decrease) increase in cash | ​ |  | (55) | ​ |  | 11 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash, beginning of year | ​ |  | 88 | ​ |  | 77 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash, end of year | ​ | $ | 32 | ​ | $ | 88 | ​
​

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