Parent Company Financial Information (Tables)
|
12 Months Ended |
Dec. 31, 2015 |
| Organization, Consolidation and Presentation Of Financial Statements [Abstract] |
|
| Schedule of balance sheets |
| Balance Sheets |
| |
|
|
|
|
|
|
|
|
|
| December 31, |
|
2015 |
|
|
2014 |
|
|
2013 |
|
| Assets |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Cash |
|
$ |
184,366 |
|
|
$ |
283,796 |
|
|
$ |
296,245 |
|
| Investment in The Bank of Glen Burnie |
|
|
33,882,666 |
|
|
|
33,557,329 |
|
|
|
31,292,459 |
|
| Investment in GBB Properties, Inc. |
|
|
104,570 |
|
|
|
254,870 |
|
|
|
255,170 |
|
| Due from subsidiaries |
|
|
6,211 |
|
|
|
2,095 |
|
|
|
2,067 |
|
| Other assets |
|
|
8,000 |
|
|
|
8,533 |
|
|
|
11,957 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Total assets |
|
$ |
34,185,813 |
|
|
$ |
34,106,623 |
|
|
$ |
31,857,898 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Liabilities and Stockholders’ Equity |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Other liabilities |
|
$ |
10,000 |
|
|
$ |
- |
|
|
$ |
- |
|
| Dividends payable |
|
|
- |
|
|
|
276,096 |
|
|
|
274,737 |
|
| Total liabilities |
|
|
10,000 |
|
|
|
276,096 |
|
|
|
274,737 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Stockholders’ equity: |
|
|
|
|
|
|
|
|
|
|
|
|
| Common stock |
|
|
2,773,361 |
|
|
|
2,760,964 |
|
|
|
2,747,370 |
|
| Surplus |
|
|
9,986,064 |
|
|
|
9,854,119 |
|
|
|
9,713,335 |
|
| Retained earnings |
|
|
21,718,122 |
|
|
|
21,112,714 |
|
|
|
20,300,531 |
|
| Accumulated other comprehensive income (loss), net of benefits |
|
|
(301,734 |
) |
|
|
102,730 |
|
|
|
(1,178,075 |
) |
| Total stockholders’ equity |
|
|
34,175,813 |
|
|
|
33,830,527 |
|
|
|
31,583,161 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Total liabilities and stockholders’ equity |
|
$ |
34,185,813 |
|
|
$ |
34,106,623 |
|
|
$ |
31,857,898 |
|
|
| Schedule of income statement |
| Statements of Income | | | | | | | | | | | | | Years Ended December 31, | | 2015 | | | 2014 | | | 2013 | | | | | | | | | | | | | | | | | | | | | | | | | Dividends and distributions from subsidiaries | | $ | 678,000 | | | $ | 980,000 | | | $ | 980,000 | | | Other expenses | | | (86,843 | ) | | | (77,375 | ) | | | (76,005 | ) | | Income before income tax benefit and equity in undistributed net income of subsidiaries | | | 591,157 | | | | 902,625 | | | | 903,995 | | | Income tax benefit | | | 31,958 | | | | 28,136 | | | | 27,970 | | | Change in undistributed equity of subsidiaries | | | 729,501 | | | | 983,765 | | | | 1,682,212 | | | | | | | | | | | | | | | | | Net income | | $ | 1,352,616 | | | $ | 1,914,526 | | | $ | 2,614,177 | |
|
| Schedule of statement cash flows |
| Statements of Cash Flows | | | | | | | | | | | | | Years Ended December 31, | | 2015 | | | 2014 | | | 2013 | | | | | | | | | | | | | | | | | | | | | | | | | Cash flows from operating activities: | | | | | | | | | | | | | | Net income | | $ | 1,352,616 | | | $ | 1,914,526 | | | $ | 2,614,177 | | | Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | | | | | | Decrease (increase) in other assets | | | 533 | | | | 3,424 | | | | (7,665 | ) | | Increase in other liabilities | | | 10,000 | | | | - | | | | - | | | (Increase) in due from subsidiaries | | | (4,116 | ) | | | (28 | ) | | | (705 | ) | | Distribution from Investment in GBB | | | 150,000 | | | | - | | | | - | | | Change in undistributed equity of subsidiaries | | | (729,501 | ) | | | (983,765 | ) | | | (1,682,212 | ) | | | | | | | | | | | | | | | | Net cash provided by operating activities | | | 779,532 | | | | 934,157 | | | | 923,595 | | | | | | | | | | | | | | | | | Cash flows from financing activities: | | | | | | | | | | | | | | Proceeds from dividend reinvestment plan | | | 144,342 | | | | 154,378 | | | | 118,821 | | | Dividends paid | | | (1,023,304 | ) | | | (1,100,984 | ) | | | (822,073 | ) | | | | | | | | | | | | | | | | Net cash used in financing activities | | | (878,962 | ) | | | (946,606 | ) | | | (703,252 | ) | | | | | | | | | | | | | | | | (Decrease) increase in cash | | | (99,430 | ) | | | (12,449 | ) | | | 220,343 | | | | | | | | | | | | | | | | | Cash, beginning of year | | | 283,796 | | | | 296,245 | | | | 75,902 | | | | | | | | | | | | | | | | | Cash, end of year | | $ | 184,366 | | | $ | 283,796 | | | $ | 296,245 | |
|