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-Glen Burnie Bancorp reports fiscal results.

Global Banking News-November 4, 2011--Glen Burnie Bancorp reports fiscal results(C)2011 ENPublishing - http://www.enpublishing.co.uk

Global Banking News - 04 November 2011

Glen Burnie Bancorp (NASDAQ: GLBZ), the parent company of The Bank of Glen Burnie, has reported a net income of USD770,000 or USD0.29 basic earnings per share for the quarter ended September 30, 2011, compared to net income of USD689,000, or USD0.25 basic earnings per share for the same three month period in 2010.

For the quarter ending September 30, 2011, total interest income was USD4.349m, as compared to USD4.608m for the same period in 2010.

For the nine months ended September 30, 2011, net income was USD2.237m, or USD0.83 basic earnings per share, compared to net income of USD1.410m, or USD0.52 basic earnings per share for the same period in 2010. Total interest income was USD12.958m for the nine months ended September 30, 2011, compared to USD13.792m for the same period in 2010.

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Publication:Global Banking News (GBN)
Date:Nov 4, 2011
Words:191
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