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Glen Burnie Bancorp (Glen Burnie Bancorp) Net Interest Margin (Bank Only) % : 3.32% (As of Mar. 2024)


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What is Glen Burnie Bancorp Net Interest Margin (Bank Only) %?

Net Interest Margin (Bank Only) % is a measure of the difference between the interest income generated by banks or other financial institutions and the amount of interest paid out to their lenders (for example, deposits), relative to the amount of their interest-earning assets. It is usually calculated as a percentage of what the financial institution earns on loans in a time period and other assets minus the interest paid on borrowed funds divided by the average amount of the assets on which it earned income in that time period (the average earning assets).

GuruFocus calculates Net Interest Margin (Bank Only) % as Net Interest Income (for Banks) divided by its average earning assets. Glen Burnie Bancorp's annualized Net Interest Income (for Banks) for the quarter that ended in Mar. 2024 was $10.29 Mil. Glen Burnie Bancorp's average earning assets for the quarter that ended in Mar. 2024 was $309.84 Mil. Therefore, Glen Burnie Bancorp's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Mar. 2024 was 3.32%.


Glen Burnie Bancorp Net Interest Margin (Bank Only) % Historical Data

The historical data trend for Glen Burnie Bancorp's Net Interest Margin (Bank Only) % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Glen Burnie Bancorp Net Interest Margin (Bank Only) % Chart

Glen Burnie Bancorp Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Interest Margin (Bank Only) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.42 3.36 3.40 3.42 3.77

Glen Burnie Bancorp Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Net Interest Margin (Bank Only) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.88 3.79 3.66 3.66 3.32

Competitive Comparison of Glen Burnie Bancorp's Net Interest Margin (Bank Only) %

For the Banks - Regional subindustry, Glen Burnie Bancorp's Net Interest Margin (Bank Only) %, along with its competitors' market caps and Net Interest Margin (Bank Only) % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Glen Burnie Bancorp's Net Interest Margin (Bank Only) % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Glen Burnie Bancorp's Net Interest Margin (Bank Only) % distribution charts can be found below:

* The bar in red indicates where Glen Burnie Bancorp's Net Interest Margin (Bank Only) % falls into.



Glen Burnie Bancorp Net Interest Margin (Bank Only) % Calculation

Net Interest Margin (Bank Only) % (NIM) is a measure of the difference between the interest income generated by banks or other financial institutions and the amount of interest paid out to their lenders (for example, deposits), relative to the amount of their interest-earning assets. It is usually calculated as a percentage of what the financial institution earns on loans in a time period and other assets minus the interest paid on borrowed funds divided by the average amount of the assets on which it earned income in that time period (the average earning assets).

Glen Burnie Bancorp's annualized Net Interest Margin (Bank Only) % for the fiscal year that ended in Dec. 2023 is calculated as

Net Interest Margin (Bank Only) %(A: Dec. 2023 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (A: Dec. 2022 ) + Earning Assets (A: Dec. 2023 ))/ count )
=12.135/( (328.632 + 314.794)/ 2 )
=12.135/321.713
=3.77 %

where

Earning Assets(A: Dec. 2022 )
=Money Market Investments + Net Loan + Securities & Investments
=0.221 + 184.278 + 144.133
=328.632

Earning Assets(A: Dec. 2023 )
=Money Market Investments + Net Loan + Securities & Investments
=1.217 + 174.15 + 139.427
=314.794

Glen Burnie Bancorp's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Mar. 2024 is calculated as

Net Interest Margin (Bank Only) %(Q: Mar. 2024 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (Q: Dec. 2023 ) + Earning Assets (Q: Mar. 2024 ))/ count )
=10.288/( (314.794 + 304.888)/ 2 )
=10.288/309.841
=3.32 %

where

Earning Assets(Q: Dec. 2023 )
=Money Market Investments + Net Loan + Securities & Investments
=1.217 + 174.15 + 139.427
=314.794

Earning Assets(Q: Mar. 2024 )
=Money Market Investments + Net Loan + Securities & Investments
=0.246 + 175.915 + 128.727
=304.888

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: Interest Expense is the negative value.

In the calculation of annual Net Interest Margin (Bank Only) %, the Net Interest Income (for Banks) of the last fiscal year and the average earning assets over the fiscal year are used. In calculating the quarterly data, the Net Interest Income (for Banks) data used here is four times the quarterly (Mar. 2024) net interest income data. Net Interest Margin (Bank Only) % is displayed in the 30-year financial page for Banks.


Glen Burnie Bancorp  (NAS:GLBZ) Net Interest Margin (Bank Only) % Explanation

The negative value of Net Interest Margin (Bank Only) % mean the firm pays more interest for its debt than the interest revenue generated from its investment.


Glen Burnie Bancorp Net Interest Margin (Bank Only) % Related Terms

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Glen Burnie Bancorp (Glen Burnie Bancorp) Business Description

Industry
Traded in Other Exchanges
N/A
Address
101 Crain Highway, S.E., Glen Burnie, MD, USA, 21061
Glen Burnie Bancorp is a bank holding company for The Bank of Glen Burnie. It offers retail and commercial banking services such as checking, savings, loans, mobile banking, online banking, wire transfer, ACH services, debit card, automated teller machines, and safe deposit boxes among others. The bank generates its revenue in the form of interest income. All of the revenues are earned within the United States.
Executives
Mary L Wilcox director 711 MAYO RD, GLEN BURNIE MD 21061
Julie M Mussog director 1105 MIAMI AVENUE, ANNAPOLIS MD 21403
Stanford Hess director 43 RIVER OAKS CIRCLE, BALTIMORE MD 21208
Joan Rumenap director 115 1ST AVENUE, SW, GLEN BURNIE MD 21061
Harrison Norman E Jr director 1 BARNABY COURT, TIMONIUM MD 21093
John D. Long director, officer: Executive Vice President 101 CRANE HIGHWAY, S.E., GLEN BURNIE MD 21061
Edward L Maddox director 323 ARBOR OAKS CT., MILLERSVILLE MD 21108
John Melvin Wright officer: CFO 1301 MERRITT BOULEVARD, DUNDALK MD 21222
Kuethe F William Jr director, officer: President 101 CRAIN HIGHWAY SE, GLEN BURNIE MD 21061
John E Demyan director 101 CRAIN HWY SE, GLEN BURNIE MD 21061
Andrew Cooch director 101 CRAIN HIGHWAY SE, GLEN BURNIE MD 21061
Karen B Thowarth director 201 THIRD AVE SW, GLEN BURNIE MD 21061
Edward B Connelly officer: COO 207 SANFORD AVENUE, CATONSVILLE MD 21228
Scherer William N Sr director 24 CRAIN HIGHWAY SW, GLEN BURNIE MD 21061
Joyce Ann Ohmer officer: Senior Vice President 300 COUNCIL OAK DRIVE, SEVERN MD 21144

Glen Burnie Bancorp (Glen Burnie Bancorp) Headlines

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