Parent Company Financial Information (Tables)

12 Months Ended

Dec. 31, 2018

BASIS OF PRESENTATION

Schedule of balance sheets statement

___________________________________________Balance Sheets________________________________________

December 31,	2018		2017
(dollars in thousands)
Assets
Cash	$	135	$	233
Investment in The Bank of Glen Burnie		33,893		33,785
Investment in GBB Properties, Inc.		21		21
Due from subsidiaries		—		1
Other assets		2		4
Total assets	$	34,051	$	34,044
Liabilities and Stockholders’ Equity
Other liabilities	$	—	$	1
Dividends payable		—		—
Total liabilities		—		1
Stockholders’ equity:
Common stock		2,814		2,801
Surplus		10,401		10,267
Retained earnings		22,066		21,606
Accumulated other comprehensive income (loss), net of benefits		(1,230)		(631)
Total stockholders’ equity		34,051		34,043
Total liabilities and stockholders’ equity	$	34,051	$	34,044

Schedule of income statement

__________________________________________Statements of Income___________________________________

Year Ended December 31,	2018		2017
(dollars in thousands)
Dividends and distributions from subsidiaries	$	977	$	1,089
Other expenses		(140)		(115)
Income before income tax benefit and equity in undistributed net income of subsidiaries		837		974
Income tax benefit		38		45
Change in undistributed equity of subsidiaries		708		(108)
Net income	$	1,583	$	911

Schedule of cash flow statement

___________________________________Statements of Cash Flows_______________________________________

Year Ended December 31,	2018		2017
	(dollars in thousands)
Cash flows from operating activities:
Net income	$	1,583	$	911
Adjustments to reconcile net income to net cash provided by operating activities:
Decrease (increase) in other assets		2		7
(Decrease) increase in other liabilities		(1)		1
Decrease in due from subsidiaries		1		2
Change in undistributed equity of subsidiaries		(708)		110
Net cash provided by operating activities		877		1,031
Cash flows from financing activities:
Proceeds from dividend reinvestment plan		147		151
Dividends paid		(1,122)		(1,117)
Net cash used in financing activities		(975)		(966)
(Decrease) increase in cash		(98)		64
Cash, beginning of year		233		169
Cash, end of year	$	135	$	233