| Business Summary | | Glen
Burnie
Bancorp
is
a
bank
holding
company
that
wholly
owns
The
Bank
of
Glen
Burnie
(the
Bank),
a
commercial
bank
serving
northern
Anne
Arundel
County
and
surrounding
areas.
The
Bank
is
engaged
in
the
commercial
and
retail
banking
business,
including
the
acceptance
of
demand
and
time
deposits,
and
the
origination
of
loans
to
individuals,
associations,
partnerships
and
corporations.
The
Bank's
real
estate
financing
consists
of
residential
first
and
second
mortgage
loans,
home
equity
lines
of
credit
and
commercial
mortgage
loans.
Commercial
lending
consists
of
both
secured
and
unsecured
loans.
The
Bank
is
also
an
active
originator
of
automobile
loans,
which
it
originates
through
arrangements
with
local
automobile
dealers.
Its
lease-financing
portfolio
consists
of
loans
purchased
from
third-party
originators. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Glen
Burnie
Bancorp
is
a
bank
holding
company
for
The
Bank
of
Glen
Burnie,
a
state
chartered
bank
with
offices
located
in
Maryland.
For
the
six
months
ended
6/30/01,
total
interest
income
increased
5%
to
$8.6
million.
Net
interest
income
after
loan
loss
provision
fell
3%
to
$5.3
million.
Net
income
fell
27%
to
$879
thousand.
Results
reflect
increased
interest
paid
on
long-term
borrowings
and
debentures
and
the
absence
of
gains
on
the
sale
of
real
estate. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| John Demyan, 53 Chairman | -- | F. William Kuethe, Jr., 68 Pres,
CEO, Director | -- | John Young, 63 Director,
Exec. VP and COO of the Bank | $107K | F. Kuethe, III, 41 VP,
Director | 55K | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|