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Earnings Glen Burnie Bancorp Reports 2026 Second Quarter Results View press release on GlobeNewswire GLEN BURNIE BANCORP GLEN BURNIE , MD ( July 29 , 2026 ) - Glen Burnie Bancorp ( " Company " ) ( OTCQX : GLBZ ) , the bank holding company for The Bank of Glen Burnie ( " Bank " ) , today reported a net loss of $ 272 thousand , or $ ( 0.09 ) per diluted common share , for the second quarter of 2026 , compared to net income of $ 84 thousand , or $ 0.03 per diluted common share , for the first quarter of 2026 , and a net loss of $ 212 thousand , or $ ( 0.07 ) per diluted common share , for the second quarter of 2025 . For the six months ended June 30 , 2026 , the Company reported a net loss of $ 188 thousand , or $ ( 0.06 ) per diluted common share , compared to a net loss of $ 59 thousand , or $ ( 0.02 ) per diluted common share , for the six months ended June 30 , 2025 . Pre - tax pre - provision income was $ 117 thousand for the second quarter of 2026 , compared to $ 122 thousand for the first quarter of 2026 and a pre - tax pre - provision loss of $ 296 thousand for the second quarter of 2025. For the six months ended June 30 , 2026 , pre - tax pre - provision income was $ 239 thousand , an improvement of $ 1.0 million from a pre - tax pre - provision loss of $ 792 thousand for the first six months of 2025 . Second - quarter results reflected continued strong loan growth , stable underlying net interest margin performance and increased mortgage banking revenue . These positive developments were offset primarily by provision expense associated with loan growth , premium acceleration within the purchased automobile loan portfolio and increased compensation - related expenses , including investments in additional commercial lending personnel to support the Bank's Annapolis expansion . " We continued to generate meaningful loan growth during the second quarter while maintaining stable asset quality and liquidity , " said Mark C. Hanna , President and Chief Executive Officer . " Although reported earnings were affected by provision expense required to support that growth and by premium acceleration within our purchased automobile loan portfolio , yields across the remainder of the loan portfolio remained stable and core net interest margin improved modestly . We also made a significant investment in a Loan Production Office in the Annapolis market , adding two commercial lenders , and saw increased activity from VA Wholesale Mortgage . Our focus remains on converting recent balance - sheet growth into sustainable earnings while maintaining disciplined funding , expense and capital management . " Second Quarter 2026 Highlights Continued strong loan growth . Total loans increased $ 25.1 million , or 10.3 % , during the second quarter to $ 267.6 million at June 30 , 2026 , compared to $ 242.6 million at March 31 , 2026. For the first six months of 2026 , total loans increased $ 36.4 million , or 15.7 % , from $ 231.2 million at December 31 , 2025 . Compared to June 30 , 2025 , total loans increased $ 54.3 million , or 25.4 % . Loan growth during 2026 was 1/5