 GLEN BURNIE, Md., Aug. 05, 2021 GLOBE NEWSWIRE -- Glen Burnie Bancorp Bancorp NASDAQ: GLBZ, the bank holding company for The Bank of Glen Burnie Bank, announced today net income of 480,000, or 0.17 per basic and diluted common share for the three-month period ended June 30, 2021, as compared to a net loss of 96,000, or 0.03 per basic and diluted common share for the three-month period ended June 30, 2020. Bancorp reported net income of 1,074,000, or 0.38 per basic and diluted common share for the six-month period ended June 30, 2021, compared to 174,000, or 0.06 per basic and diluted common share for the same period in 2020. On June 30, 2021, Bancorp had total assets of 432.8 million. Bancorp, the oldest independent commercial bank in Anne Arundel County, paid its 116th consecutive quarterly dividend on July 30, 2021. The Company recorded a net benefit of 67,000 from the release of allowance for credit losses loans ACL-loans for the second quarter of 2021 and 471,000 for the first half of 2021 compared to a provision for credit losses PCL-loans of 487,000 for the second quarter of 2020 and 407,000 for the first half of 2020. 