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Table of Contents ☑ SECURITIES AND EXCHANGE COMMISSION Washington , D.C. 20549 FORM 10 - K Annual report pursuant to Section 13 or 15 ( d ) of the Securities Exchange Act of 1934 for the fiscal year ended December 31 , 2020 or ☐ Transition report pursuant to Section 13 or 15 ( d ) of the Securities Exchange Act of 1934 for the transition period from _ to _ MARYLAND ( State or other jurisdiction Commission file number : 0-24047 GLEN BURNIE BANCORP ( Exact name of registrant as specified in its charter ) of incorporation or organization ) 101 Crain Highway , S.E. , Glen Burnie , Maryland ( Address of principal executive offices ) Registrant's telephone number , including area code 52-1782444 ( I.R.S. Employer Identification No. ) 21061 ( Zip Code ) ( 410 ) 766-3300 Securities registered pursuant to Section 12 ( b ) of the Act : Title of Class None Name of Each Exchange on Which Registered None Securities registered pursuant to Section 12 ( g ) of the Act : Title of Class Common Stock , $ 1.00 par value Common Stock Purchase Rights Indicate by check mark if the registrant is a well - known seasoned issuer , as defined in Rule 405 of the Securities Act . Yes □ No Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15 ( d ) of the Act . Yes □ No Indicate by check mark whether the registrant : ( 1 ) has filed all reports required to be filed by Section 13 or 15 ( d ) of the Securities Exchange Act of 1934 during the preceding 12 months ( or for such shorter period that the registrant was required to file such reports ) , and ( 2 ) has been subject to such filing requirements for the past 90 days . Yes No □ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S - T ( §232.405 of this chapter ) during the preceding 12 months ( or for such shorter period that the registrant was required to submit such files ) . Yes No □ Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S - K is not contained herein , and will not be contained , to the best of registrant's knowledge , in definitive proxy or information statement incorporated by reference in Part III of this Form 10 - K or any amendment to this Form 10 - K . □ Indicate by check mark if the registrant is a large accelerated filer , an accelerated filer , a non - accelerated filer , a smaller reporting company , or an emerging growth company . See definition of " large accelerated filer , " " accelerated filer , " " smaller reporting company " and " emerging growth company " in Rule 12b - 2 of the Exchange Act . Large Accelerated Filer Accelerated Filer Non - Accelerated Filer Smaller Reporting Company , Emerging Growth Company If an emerging growth company , indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13 ( a ) of the Exchange Act . Indicate by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effectiveness of its internal control over financial reporting under Section 404 ( b ) of the Sarbanes - Oxley Act ( 15 U.S.C. 7262 ( b ) ) by the registered public accounting firm that prepared or issued its audit report . ☐ Indicate by check mark whether the registrant is a shell company ( as defined in Rule 12b - 2 of the Exchange Act ) . Yes □ No The aggregate market value of the registrant's outstanding common equity held by non - affiliates was $ 19,147,937 , computed by reference to the closing sales price of such equity as of the last business day of the registrant's most recently completed second fiscal quarter ( June 30 , 2020 ) . For the purposes of this calculation , directors , executive officers , and the controlling investor are considered affiliates . The number of shares of common stock outstanding as of March 21 , 2021 was 2,845,103 . Documents Incorporated By Reference Portions of the registrant's definitive proxy statement for the 2021 Annual Meeting of Stockholders to be filed with the SEC pursuant to Regulation 14A are incorporated by reference into Part III of this Annual Report on Form 10 - K .