GLEN BURNIE – Glen Burnie Bancorp/The Bank of Glen Burnie reported net income for the year ended December 31, 2009 of $1,262,462 as compared to net income of $403,962 in 2008. Accounting for the big difference was increases in loan loss reserves and FDIC assessments. For Q4, the company realized a net loss of $210,000, as compared to net income of $1,382,000 in 2008.
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