Glen Burnie Bancorp Q2 2025 Financial Results

Glen Burnie Bancorp reported a net loss of $212,000 for the second quarter of 2025, compared to net income of $153,000 in the first quarter of 2025. The net loss was primarily due to non-recurring expenses related to early retirement and employee severance, which amounted to $287,000. Despite the loss, the company saw a net interest margin expansion of 13 basis points to 3.13% and an increase in total loans by $6.0 million. The bank also announced the upcoming acquisition of VA Wholesale Mortgage, Inc., expected to close in August 2025, which will provide access to new products and markets. The bank's regulatory capital ratios remain well above the required minimum levels.