Glen Burnie Bancorp (Glen Burnie Bancorp) Scaled Net Operating Assets

: -0.30 (As of Dec. 2023)

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Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Glen Burnie Bancorp's operating assets for the quarter that ended in Dec. 2023 was $197.15 Mil. Glen Burnie Bancorp's operating liabilities for the quarter that ended in Dec. 2023 was $302.49 Mil. Glen Burnie Bancorp's Total Assets for the quarter that ended in Sep. 2023 was $355.36 Mil. Therefore, Glen Burnie Bancorp's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was -0.30.

Glen Burnie Bancorp Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Glen Burnie Bancorp's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2023 )
=	(Operating Assets (A: Dec. 2023 )	-	Operating Liabilities (A: Dec. 2023 ))	/	Total Assets (A: Dec. 2022 )
=	(336.572	-	302.488)	/	381.436
=	0.09

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	351.813	-	15.241
=	336.572

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	332.488	-	0	-	30
=	302.488

Glen Burnie Bancorp's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Dec. 2023 )
=	(Operating Assets (Q: Dec. 2023 )	-	Operating Liabilities (Q: Dec. 2023 ))	/	Total Assets (Q: Sep. 2023 )
=	(197.145	-	302.488)	/	355.364
=	-0.30

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	351.813	-	154.668
=	197.145

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	332.488	-	0	-	30
=	302.488

* 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.

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Glen Burnie Bancorp (Glen Burnie Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Glen Burnie Bancorp (NAS:GLBZ) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

101 Crain Highway, S.E., Glen Burnie, MD, USA, 21061

Website

https://www.thebankofglenburnie.com

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