GLBZ — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2025-11-14

• the impact of an extended government shutdown upon employment and delinquency in our local markets;

• •the ability to generate sufficient taxable income before tax loss carryforwards expire under application of current tax laws, and in addition, certain deferred tax assets are limited for regulatory capital purposes under banking regulations, and any disallowance could negatively affect our capital …

• Effect of Governmental Monetary Policies. Our earnings are affected by domestic economic conditions and the monetary and fiscal policies of the United States government and its agencies. The Federal Reserve’s monetary policies have had, and are likely to continue to have, an important impact on the …

• Reserve Bank began lowering interest rates in response to easing inflation and slowing growth. While lower rates can support loan demand, they may also compress net interest margins. The Federal Reserve has announced ending balance sheet reduction, which may contribute to some funding and market vol…

• Recent Tax Legislation. On July 4, 2025, the One Big Beautiful Bill Act (“OBBBA”) was signed into law. The OBBBA extends or makes permanent a number of provisions originally enacted in the 2017 Tax Cuts and Jobs Act and introduces new items affecting both individuals and businesses. Topic 740, Incom…

Text removed vs the prior filing · source: 10-Q · 2025-08-14

• may become uncollectible. We establish and maintain this allowance by recording a provision for or release of credit losses against our earnings. In the following section, we have included a detailed discussion of this process.

• Effect of Governmental Monetary Policies. Our earnings are affected by domestic economic conditions and the monetary and fiscal policies of the United States government and its agencies. The Federal Reserve’s monetary policies have had, and are likely to continue to have, an important impact on the …

• COMPARISON OF RESULTS OF OPERATIONS FOR THE THREE MONTHS ENDED JUNE 30, 2025, TO THE THREE MONTHS ENDED JUNE 30, 2024

• Glen Burnie Bancorp, a Maryland corporation (the “Company”), through its subsidiary, The Bank of Glen Burnie, a Maryland banking corporation (the “Bank”), operates a commercial bank with six offices in Anne Arundel County Maryland. The Company reported a net loss attributable to common stockholders …

• ●Net interest income decreased in the second quarter of 2025 by $50,000 while provision expense for credit losses expense improved by $521,000.