The Bank of Glen Burnie

The Bank of Glen Burnie Locations
101 Crain Highway, S.E.
Glen Burnie, MD 21061
410-766-3300
www.thebankofglenburnie.com

The Bank of Glen Burnie is headquartered in Glen Burnie and is the 26th largest bank in the state of Maryland. It is also the 1,782nd largest bank in the nation. It was established in 1949 and as of March of 2012, it had grown to 109 employees at 8 locations. The Bank of Glen Burnie's savings rates are 6X the national average, and it has a 4-star health rating.

The Bank of Glen Burnie Routing Number: 055003133



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See Rates for: Checking | Savings | Money Market | CD | IRA

The Bank of Glen Burnie Checking Account Rates

ApyMinMaxProduct
0.10%$2,500-Premium Interest Checking
0.05%$1k-Interest Checking

The Bank of Glen Burnie Savings Account Rates

ApyMinMaxProduct
3.00%--Christmas Club
0.15%--Statement Saving
0.15%--Youth Saving

The Bank of Glen Burnie Money Market Rates

ApyMinMaxProduct
0.10%$2,500-Money Market Account

The Bank of Glen Burnie CD Rates

ApyMinMaxProduct
1.35%$500-72 Month CD
1.20%$500-60 Month CD
1.10%$500-5 Year Step Up CD
0.90%$500-48 Month CD
0.85%$500-36 Month CD
0.75%$500-30 Month CD
0.65%$5k-25 Month One-time step up option CD
0.55%$500-24 Month CD
0.50%$2,500-15 Month One-time step up option CD
0.45%$500-18 Month CD
0.35%$2,500-13 Month One-time step up option CD
0.30%$500-12 Month CD
0.15%$500-6 Month CD
0.10%$500-3 Month CD
0.05%$500-30 Day CD

The Bank of Glen Burnie IRA Rates

ApyMinMaxProduct
1.60%$250-72 Month Education IRA
1.60%$250-72 Month ROTH IRA
1.60%$250-72 Month IRA
1.45%$250-60 Month Education IRA
1.45%$250-60 Month ROTH IRA
1.45%$250-60 Month IRA
1.35%$250-5 Year Step Up Education IRA
1.35%$250-5 Year Step Up ROTH IRA
1.35%$250-5 Year Step Up IRA
1.15%$250-48 Month Education IRA
1.15%$250-48 Month ROTH IRA
1.15%$250-48 Month IRA
1.10%$250-36 Month Education IRA
1.10%$250-36 Month ROTH IRA
1.10%$250-36 Month IRA
1.00%$250-30 Month Education IRA
1.00%$250-30 Month ROTH IRA
1.00%$250-30 Month IRA
0.80%$250-24 Month Education IRA
0.80%$250-24 Month ROTH IRA
0.80%$250-24 Month IRA
0.75%$2,500-15 Month One-time step up option Education IRA
0.75%$2,500-15 Month One-time step up option ROTH IRA
0.75%$2,500-15 Month One-time step up option IRA
0.70%$250-18 Month Education IRA
0.70%$250-18 Month Floating Education IRA
0.70%$250-18 Month ROTH IRA
0.70%$250-18 Month Floating ROTH IRA
0.70%$250-18 Month IRA
0.70%$250-18 Month Floating IRA
0.55%$250-12 Month Education IRA
0.55%$250-12 Month ROTH IRA
0.55%$250-12 Month IRA

Rates updated: 5/26/2012

Data for Q1 2012


Institution Statistics


The Bank of Glen Burnie
FDIC Certificate #16820
BankRate ReportView
Year Established1949
Employees109
Primary RegulatorFDIC

Assets and Liabilities

Assets$374.30 million
Loans$238.56 million
Deposits$321.53 million
Equity Capital$31.69 million
Loan Loss Allowance$3.83 million
Unbacked Noncurrent Loans$4.80 million
Real Estate Owned$929,000

Historic Data - March 2011

Assets$354.94 million
Equity Capital$27.13 million
Loan Loss Allowance$3.55 million
Unbacked Noncurrent Loans$6.18 million
Real Estate Owned$1.52 million

Profit Margin - Quarterly

Net Interest Margin3.7%
Return on Assets0.8%
Return on Equity9.45%
Interest Income$4.06 million

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio3
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 The Bank of Glen Burnie had $5.73 million in non-current loans and owned real-estate with $35.51 million in equity and loan loss allowances on hand to cover it. This gives The Bank of Glen Burnie a Texas Ratio of 16.13% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for The Bank of Glen Burnie decreased slightly from 25.10% as of March 31, 2011 to 16.13% as of March 31, 2012, resulting in a positive change of 35.72%.This indicates that the balance sheet and financial strength for The Bank of Glen Burnie has improved slightly in recent periods.
Deposit Growth5
In the past year, The Bank of Glen Burnie has increased its total deposits by $15.39 million, resulting in 5.03% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth The Bank of Glen Burnie has shown is excellent.
Capitalization3
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. The Bank of Glen Burnie has $374.3 million in assets with $35.51 million in equity, resulting in a capitalization level of 9.49%, which is average.
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