Glen Burnie Bancorp Files 10-K/A Amendment for Fiscal Year Ended December 31, 2023
Ticker: GLBZ · Form: 10-K/A · Filed: Apr 2, 2024 · CIK: 890066
| Field | Detail |
|---|---|
| Company | Glen Burnie Bancorp (GLBZ) |
| Form Type | 10-K/A |
| Filed Date | Apr 2, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $1.00 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-K/A, Glen Burnie Bancorp, SEC Filing, Amendment, Fiscal Year 2023
TL;DR
<b>Glen Burnie Bancorp has filed an amendment to its 2023 10-K report.</b>
AI Summary
GLEN BURNIE BANCORP (GLBZ) filed a Amended Annual Report (10-K/A) with the SEC on April 2, 2024. Glen Burnie Bancorp filed an amended 10-K report for the fiscal year ending December 31, 2023. The filing is designated as Amendment No. 1 to the original 10-K. The company is incorporated in Maryland and its fiscal year ends on December 31. Glen Burnie Bancorp's principal executive offices are located at 101 Crain Highway, S.E., Glen Burnie, Maryland. The company's common stock and common stock purchase rights are registered under Section 12(g) of the Act.
Why It Matters
For investors and stakeholders tracking GLEN BURNIE BANCORP, this filing contains several important signals. This amendment indicates potential updates or corrections to the company's previously filed annual report, which could affect the understanding of its financial performance and operations for FY2023. As a financial institution, timely and accurate SEC filings are crucial for investor confidence and regulatory compliance, making this amendment a point of interest for stakeholders.
Risk Assessment
Risk Level: low — GLEN BURNIE BANCORP shows low risk based on this filing. The filing is an amendment to a 10-K, which typically involves corrections or additions to previously disclosed information rather than new material events, suggesting a low level of immediate risk.
Analyst Insight
Review the specific changes made in Amendment No. 1 to the 10-K filing to understand any updated financial or operational details for Glen Burnie Bancorp.
Key Numbers
- 2023-12-31 — Fiscal Year End (CONFORMED PERIOD OF REPORT: 20231231)
- 2024-04-02 — Filing Date (DATE AS OF CHANGE: 20240402)
- 0-24047 — Commission File Number (Commission file number: 0-24047)
- 4107663300 — Business Phone (BUSINESS PHONE: 4107663300)
Key Players & Entities
- GLEN BURNIE BANCORP (company) — GLEN BURNIE BANCORP (Exact name of registrant as specified in its charter)
- 0000890066 (company) — CENTRAL INDEX KEY: 0000890066
- 6022 (company) — STANDARD INDUSTRIAL CLASSIFICATION: 6022
- MD (company) — STATE OF INCORPORATION: MD
- 521782444 (company) — IRS NUMBER: 521782444
- 101 CRAIN HWY SE (company) — BUSINESS ADDRESS: STREET 1: 101 CRAIN HWY SE
- GLEN BURNIE (company) — CITY: GLEN BURNIE
- 21227 (company) — ZIP: 21227
FAQ
When did GLEN BURNIE BANCORP file this 10-K/A?
GLEN BURNIE BANCORP filed this Amended Annual Report (10-K/A) with the SEC on April 2, 2024.
What is a 10-K/A filing?
A 10-K/A is a amendment to a previously filed annual report, correcting or updating financial statements or disclosures. This particular 10-K/A was filed by GLEN BURNIE BANCORP (GLBZ).
Where can I read the original 10-K/A filing from GLEN BURNIE BANCORP?
You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by GLEN BURNIE BANCORP.
What are the key takeaways from GLEN BURNIE BANCORP's 10-K/A?
GLEN BURNIE BANCORP filed this 10-K/A on April 2, 2024. Key takeaways: Glen Burnie Bancorp filed an amended 10-K report for the fiscal year ending December 31, 2023.. The filing is designated as Amendment No. 1 to the original 10-K.. The company is incorporated in Maryland and its fiscal year ends on December 31..
Is GLEN BURNIE BANCORP a risky investment based on this filing?
Based on this 10-K/A, GLEN BURNIE BANCORP presents a relatively low-risk profile. The filing is an amendment to a 10-K, which typically involves corrections or additions to previously disclosed information rather than new material events, suggesting a low level of immediate risk.
What should investors do after reading GLEN BURNIE BANCORP's 10-K/A?
Review the specific changes made in Amendment No. 1 to the 10-K filing to understand any updated financial or operational details for Glen Burnie Bancorp. The overall sentiment from this filing is neutral.
How does GLEN BURNIE BANCORP compare to its industry peers?
Glen Burnie Bancorp operates within the commercial banking sector, a highly regulated industry focused on deposit-taking and lending activities.
Are there regulatory concerns for GLEN BURNIE BANCORP?
As a commercial bank, Glen Burnie Bancorp is subject to regulations from various federal and state agencies, including the FDIC and state banking authorities, governing its operations, capital requirements, and consumer protection.
Industry Context
Glen Burnie Bancorp operates within the commercial banking sector, a highly regulated industry focused on deposit-taking and lending activities.
Regulatory Implications
As a commercial bank, Glen Burnie Bancorp is subject to regulations from various federal and state agencies, including the FDIC and state banking authorities, governing its operations, capital requirements, and consumer protection.
What Investors Should Do
- Analyze the specific amendments made in this 10-K/A filing to identify any material changes from the original filing.
- Review Glen Burnie Bancorp's financial health and operational performance for the fiscal year 2023, considering any updated disclosures.
- Assess the implications of this amended filing on investor relations and regulatory compliance for Glen Burnie Bancorp.
Year-Over-Year Comparison
This filing is an amendment (10-K/A) to the original 10-K, indicating that the company is providing updated or corrected information for the fiscal year ended December 31, 2023.
Filing Stats: 980 words · 4 min read · ~3 pages · Grade level 13 · Accepted 2024-04-02 16:48:31
Key Financial Figures
- $1.00 — he Act: Title of Class Common Stock, $1.00 par value Common Stock Purchase Right
Filing Documents
- tm2410629d1_10ka.htm (10-K/A) — 39KB
- tm2410629d1_ex23-1.htm (EX-23.1) — 2KB
- tm2410629d1_ex31-1.htm (EX-31.1) — 10KB
- tm2410629d1_ex31-2.htm (EX-31.2) — 11KB
- tm2410629d1_ex32-1.htm (EX-32.1) — 5KB
- 0001104659-24-042568.txt ( ) — 287KB
- glbz-20231231.xsd (EX-101.SCH) — 3KB
- glbz-20231231_lab.xml (EX-101.LAB) — 36KB
- glbz-20231231_pre.xml (EX-101.PRE) — 24KB
- tm2410629d1_10ka_htm.xml (XML) — 6KB
SIGNATURES
SIGNATURES Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. GLEN BURNIE BANCORP April 2, 2024 By: /s/ Mark C. Hanna Mark C. Hanna President and Chief Executive Officer