Glen Burnie Bancorp (GLBZ) CORRESP Correspondence with SEC

[GLEN BURNIE BANCORP LETTERHEAD]

March 11, 2010

Via EDGAR and FEDEX

Mr. Hugh West

Accounting Branch Chief

Division of Corporation Finance

Securities and Exchange Commission

100 F Street, NE

Washington, DC 20549

RE: Glen Burnie Bancorp (the “Company”)

Form 10-K for the Fiscal Year ended December 31, 2008

Form 10-Q for the Quarter ended September 30, 2009

File No. 000-24047

Dear Mr. West:

In response to Mr. Marc Thomas’ telephone request, attached is a copy of cash flow analysis performed by FTN Financial Securities Corporation.

The Company hereby acknowledges that the Company is responsible for the adequacy and accuracy of the disclosure in the filing, and staff comments or changes to disclosure in response to staff comments do not foreclose the Commission from taking any action with respect to the filing.  The Company further acknowledges that the Company may not assert staff comments as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States.

Should you require any further information or have additional comments, please contact me.

Sincerely,

GLEN BURNIE BANCORP

/s/  John E. Porter

John E. Porter

Chief Financial Officer

cc: Mr. Michael G. Livingston

Chief Executive Officer

Marc Thomas, Staff Accountant

Deal Cashflows Assumptions:

No Prepays:

Prepayments - -  0% annually; 100% at maturity.

Scenario 4 (Base)	Defaults - 75 bps applied annually;  15% recovery with 2 yr lag.
Scenario 5 (Worse)	Defaults - 150 bps applied annually;  0% recovery.
Scenario 6 (Better)	Defaults - 37.5 bps applied annually;  50% recovery with 2 yr lag.
Scenario 7 (Burst)	Defaults -    Qtr 2 2009:  4% (not annualized)
	Qtr 3 2009:  3%
	Qtr 4 2009:  2%
	Qtr 1 2010:  1%
	Thereafter 50 bps applied annually; 15% recovery with 2 yr lag.

Asset Specific Assumptions:

Bank 10 -	Defaults with 15% recovery with a two year lag.
Bank 26 -	Defaults with 15% recovery with a two year lag.
Bank 6 -	Defaults with 0% recovery.

Although this information has been obtained from sources, which we believe to be reliable, we do not guarantee its accuracy, and it may be incomplete or condensed. This is for informational purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security. All herein listed securities are subject to availability and change in price. Past performance is not indicative of future results while changes in any assumptions may have a material effect on projected results.

FTN Financial Group and FTN Financial Capital Markets are divisions of First Tennessee Bank National Association (FTB). FTN Financial Securities Corp (FFSC), FTN Financial Capital Assets Corporation, and FTN Equity Capital Markets Corp (FTN Equity Capital) are wholly owned subsidiaries of FTB. FFSC and FTN Equity Capital are members of the FINRA and SIPC—http://www.sipc.org/. Equity research is provided by FTN Equity Capital. FTN Financial Group, through First Tennessee Bank or its affiliates, offers investment products and services.

This message is intended only for the use of the individual or entity to which it is addressed and may contain information that is privileged, confidential and exempt from disclosure under applicable law. If the reader of this message is not the intended recipient, employee or agent responsible to deliver it to the intended recipient, you are hereby notified that reading, disseminating, distributing or copying this communication is strictly prohibited.

© 2009 First Tennessee Bank.  All rights reserved.

EITF 99-20 Other Than Temporary Impairment Cash Flow Testing 12/31/09

			9.30.09		12.31.09
Input----->	Original Face:		1,000,000				945,300	current face
Input-->	Book Value			924,823		887,735	93.91	book price
Input----->	Scenario #			5		5			RESULTS
Input----->	Original Purchase Date:		9/1/2000						Current Book Value	887,735
Input----->	Original Purchase Price:		100.6030						PV for Current Qtr Projected Cash Flows	900,043
									Change	12,308
Discount Rate	9.190	%							% Change	1.39	%

Previously Projected Cashflows September 30, 2009 Currently Projected Cashflows December 31, 2009

Deal	Class	Description	Type	Cusip
Reg Div	Senior	Senior	Fixed	75902AAA6

Assumptions:	Assumptions:
Prepayments -  0% annually; 100% at maturity.	Prepayments -  0% annually; 100% at maturity.
Scenario 5 (Worse) Defaults - 150 bps applied annually;  0% recovery.	Scenario 5 (Worse) Defaults - 150 bps applied annually;  0% recovery.
Specific Deferals/ Defaults:	Specific Deferals/ Defaults:
As per Intex	As per Intex

			Implied Discount Rate				9.401%							Implied Discount Rate				9.401%
Date	Balance		Principal		Interest		Total Cashflow			Discounted Cashflow Value		Balance		Principal		Interest		Total Cashflow			Discounted Cashflow Value
Book Value----------------------->								(924,823	)			Book Value----------------------->							(887,735	)
Net PV----------------------------->											900,016	Net PV----------------------------->										900,043
9/15/2009		945,300											945,300
3/15/2010		941,823		3,477		43,720		47,198			900,016		941,761		3,539		43,720		47,259			900,043
9/15/2010		938,181		3,641		43,559		47,201			894,173		938,117		3,644		43,556		47,201			894,140
3/15/2011		935,084		3,098		43,391		46,489			888,059		935,016		3,101		43,388		46,489			888,024
9/15/2011		931,843		3,241		43,248		46,489			882,376		931,772		3,244		43,244		46,489			882,339
3/15/2012		915,486		16,356		43,098		59,454			876,432		915,412		16,360		43,094		59,454			876,393
9/15/2012		912,033		3,453		42,341		45,795			857,249		911,956		3,457		42,338		45,795			857,209
3/15/2013		909,111		2,922		42,182		45,104			850,844		909,030		2,926		42,178		45,104			850,803
9/15/2013		906,052		3,058		42,046		45,105			844,836		905,968		3,062		42,043		45,105			844,792
3/15/2014		903,533		2,519		41,905		44,424			838,551		903,445		2,523		41,901		44,424			838,505
9/15/2014		900,896		2,637		41,788		44,425			832,658		900,804		2,641		41,784		44,425			832,610
3/15/2015		898,808		2,088		41,666		43,755			826,493		898,711		2,093		41,662		43,755			826,442
9/15/2015		896,622		2,186		41,570		43,756			820,714		896,521		2,190		41,565		43,756			820,662
3/15/2016		894,995		1,627		41,469		43,096			814,670		894,889		1,631		41,464		43,096			814,615
9/15/2016		893,293		1,703		41,394		43,096			809,008		893,182		1,708		41,389		43,096			808,950
3/15/2017		892,161		1,131		41,315		42,446			803,085		892,045		1,136		41,310		42,446			803,025
9/15/2017		890,977		1,184		41,262		42,447			797,540		890,855		1,190		41,257		42,447			797,477
3/15/2018		890,378		599		41,208		41,806			791,739		890,251		604		41,202		41,806			791,673
9/15/2018		889,751		627		41,180		41,807			786,312		889,618		633		41,174		41,807			786,244
3/15/2019		889,726		25		41,151		41,176			780,636		889,586		31		41,145		41,176			780,564
9/15/2019		889,698		27		41,150		41,177			775,329		889,553		34		41,143		41,177			775,254
3/15/2020		889,698		-		41,149		41,149			769,778		889,553		-		41,142		41,142			769,699
9/15/2020		889,698		-		41,149		41,149			764,000		889,553		-		41,142		41,142			763,924
3/15/2021		889,698		-		40,982		40,982			757,956		889,553		-		40,906		40,906			757,884
9/15/2021		889,698		-		39,945		39,945			751,802		889,553		-		39,945		39,945			751,802
3/15/2022		889,698		-		39,342		39,342			746,402		889,553		-		39,342		39,342			746,402
9/15/2022		889,698		-		39,343		39,343			741,356		889,553		-		39,343		39,343			741,356
3/15/2023		889,698		-		38,749		38,749			736,078		889,553		-		38,749		38,749			736,078
9/15/2023		889,698		-		38,750		38,750			731,151		889,553		-		38,750		38,750			731,151
3/15/2024		889,698		-		38,165		38,165			725,997		889,553		-		38,165		38,165			725,997
9/15/2024		889,698		-		38,166		38,166			721,192		889,553		-		38,166		38,166			721,192
3/15/2025		889,698		-		37,589		37,589			716,164		889,553		-		37,589		37,589			716,164
9/15/2025		889,698		-		37,590		37,590			711,482		889,553		-		37,590		37,590			711,482
3/15/2026		889,698		-		37,022		37,022			706,584		889,553		-		37,022		37,022			706,584
9/15/2026		889,698		-		37,023		37,023			702,028		889,553		-		37,023		37,023			702,028
3/15/2027		889,698		-		36,464		36,464			697,263		889,553		-		36,464		36,464			697,263
9/15/2027		889,698		-		36,465		36,465			692,837		889,553		-		36,465		36,465			692,837
3/15/2028		889,698		-		35,914		35,914			688,208		889,553		-		35,914		35,914			688,208
9/15/2028		889,698		-		35,915		35,915			683,916		889,553		-		35,915		35,915			683,916
3/15/2029		889,698		-		35,915		35,915			679,427		889,553		-		35,915		35,915			679,427
9/15/2029		889,698		-		35,916		35,916			674,731		889,553		-		35,916		35,916			674,731
3/15/2030		230,250		659,448		41,149		700,596			669,819		230,098		659,455		41,142		700,596			669,819
				715,050		1,643,343		2,358,393							715,202		1,643,163		2,358,366

Although this information has been obtained from sources, which we believe to be reliable, we do not guarantee its accuracy, and it may be incomplete or condensed.  This is for informational purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security.  All herein listed securities are subject to availability and change in price.  Past performance is not indicative of future results while changes in any assumptions may have a material effect on projected results.

FTN Financial Group and FTN Financial Capital Markets are divisions of First Tennessee Bank National Association (FTB).  FTN Financial Securities Corp (FFSC), FTN Financial Capital Assets Corporation, and FTN Equity Capital Markets Corp (FTN Equity Capital) are wholly owned subsidiaries of FTB.  FFSC and FTN Equity Capital are members of the FINRA and SIPC—http://www.sipc.org/.  Equity research is provided by FTN Equity Capital.  FTN Financial Group, through First Tennessee Bank or its affiliates, offers investment products and services.

This message is intended only for the use of the individual or entity to which it is addressed and may contain information that is privileged, confidential and exempt from disclosure under applicable law.  If the reader of this message is not the intended recipient, employee or agent responsible to deliver it to the intended recipient, you are hereby notified that reading, disseminating, distributing or copying this communication is strictly prohibited.

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EITF 99-20 Other Than Temporary Impairment Cash Flow Testing 12/31/09

			9.30.09		12.31.09
Input----->	Original Face:		250,000				236,325	current face
Input-->	Book Value			249,730		240,230	101.65	book price
Input----->	Scenario #			5		5			RESULTS
Input----->	Original Purchase Date:		11/8/2002						Current Book Value	240,230
Input----->	Original Purchase Price:		109.8980						PV for Current Qtr Projected Cash Flows	242,004
									Change	1,774
Discount Rate	8.325	%							% Change	0.74	%

Previously Projected Cashflows September 30, 2009 Currently Projected Cashflows December 31, 2009

Deal	Class	Description	Type	Cusip
Reg Div	Senior	Senior	Fixed	75902AAA6

Assumptions:	Assumptions:
Prepayments -  0% annually; 100% at maturity.	Prepayments -  0% annually; 100% at maturity.
Scenario 5 (Worse) Defaults - 150 bps applied annually;  0% recovery.	Scenario 5 (Worse) Defaults - 150 bps applied annually;  0% recovery.
Specific Deferals/ Defaults:	Specific Deferals/ Defaults:
As per Intex	As per Intex

			Implied Discount Rate				8.498%							Implied Discount Rate				8.498%
Date	Balance		Principal		Interest		Total Cashflow			Discounted Cashflow Value		Balance		Principal		Interest		Total Cashflow			Discounted Cashflow Value
Book Value----------------------->								(249,730	)			Book Value----------------------->							(240,230	)
Net PV----------------------------->											241,998	Net PV----------------------------->										242,004
9/15/2009		236,325											236,325
3/15/2010		235,456		869		10,930		11,799			241,998		235,440		885		10,930		11,815			242,004
9/15/2010		234,545		910		10,890		11,800			240,272		234,529		911		10,889		11,800			240,263
3/15/2011		233,771		774		10,848		11,622			238,473		233,754		775		10,847		11,622			238,463
9/15/2011		232,961		810		10,812		11,622			236,777		232,943		811		10,811		11,622			236,767
3/15/2012		228,872		4,089		10,774		14,863			235,011		228,853		4,090		10,774		14,863			235,000
9/15/2012		228,008		863		10,585		11,449			229,930		227,989		864		10,584		11,449			229,919
3/15/2013		227,278		731		10,545		11,276			228,052		227,257		731		10,544		11,276			228,040
9/15/2013		226,513		765		10,512		11,276			226,268		226,492		766		10,511		11,276			226,257
3/15/2014		225,883		630		10,476		11,106			224,411		225,861		631		10,475		11,106			224,398
9/15/2014		225,224		659		10,447		11,106			222,646		225,201		660		10,446		11,106			222,633
3/15/2015		224,702		522		10,417		10,939			220,807		224,678		523		10,416		10,939			220,794
9/15/2015		224,156		546		10,392		10,939			219,059		224,130		548		10,391		10,939			219,045
3/15/2016		223,749		407		10,367		10,774			217,239		223,722		408		10,366		10,774			217,224
9/15/2016		223,323		426		10,348		10,774			215,507		223,295		427		10,347		10,774			215,492
3/15/2017		223,040		283		10,329		10,612			213,703		223,011		284		10,327		10,612			213,688
9/15/2017		222,744		296		10,316		10,612			211,987		222,714		297		10,314		10,612			211,971
3/15/2018		222,595		150		10,302		10,452			210,200		222,563		151		10,301		10,452			210,183
9/15/2018		222,438		157		10,295		10,452			208,497		222,404		158		10,294		10,452			208,480
3/15/2019		222,431		6		10,288		10,294			206,724		222,397		8		10,286		10,294			206,706
9/15/2019		222,425		7		10,287		10,294			205,035		222,388		8		10,286		10,294			205,016
3/15/2020		222,425		-		10,287		10,287			203,275		222,388		-		10,285		10,285			203,255
9/15/2020		222,425		-		10,287		10,287			201,449		222,388		-		10,285		10,285			201,430
3/15/2021		222,425		-		10,245		10,245			199,548		222,388		-		10,227		10,227			199,530
9/15/2021		222,425		-		9,986		9,986			197,608		222,388		-		9,986		9,986			197,608
3/15/2022		222,425		-		9,836		9,836			195,847		222,388		-		9,836		9,836			195,847
9/15/2022		222,425		-		9,836		9,836			194,164		222,388		-		9,836		9,836			194,164
3/15/2023		222,425		-		9,687		9,687			192,410		222,388		-		9,687		9,687			192,410
9/15/2023		222,425		-		9,687		9,687			190,732		222,388		-		9,687		9,687			190,732
3/15/2024		222,425		-		9,541		9,541			188,984		222,388		-		9,541		9,541			188,984
9/15/2024		222,425		-		9,541		9,541			187,309		222,388		-		9,541		9,541			187,309
3/15/2025		222,425		-		9,397		9,397			185,564		222,388		-		9,397		9,397			185,564
9/15/2025		222,425		-		9,398		9,398			183,891		222,388		-		9,398		9,398			183,891
3/15/2026		222,425		-		9,256		9,256			182,148		222,388		-		9,256		9,256			182,148
9/15/2026		222,425		-		9,256		9,256			180,474		222,388		-		9,256		9,256			180,474
3/15/2027		222,425		-		9,116		9,116			178,731		222,388		-		9,116		9,116			178,731
9/15/2027		222,425		-		9,116		9,116			177,054		222,388		-		9,116		9,116			177,054
3/15/2028		222,425		-		8,979		8,979			175,308		222,388		-		8,979		8,979			175,308
9/15/2028		222,425		-		8,979		8,979			173,627		222,388		-		8,979		8,979			173,627
3/15/2029		222,425		-		8,979		8,979			171,875		222,388		-		8,979		8,979			171,875
9/15/2029		222,425		-		8,979		8,979			170,051		222,388		-		8,979		8,979			170,051
3/15/2030		57,563		164,862		10,287		175,149			168,150		57,525		164,864		10,285		175,149			168,150
				178,762		410,836		589,598							178,801		410,791		589,591

Although this information has been obtained from sources, which we believe to be reliable, we do not guarantee its accuracy, and it may be incomplete or condensed.  This is for informational purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security.  All herein listed securities are subject to availability and change in price.  Past performance is not indicative of future results while changes in any assumptions may have a material effect on projected results.

FTN Financial Group and FTN Financial Capital Markets are divisions of First Tennessee Bank National Association (FTB).  FTN Financial Securities Corp (FFSC), FTN Financial Capital Assets Corporation, and FTN Equity Capital Markets Corp (FTN Equity Capital) are wholly owned subsidiaries of FTB.  FFSC and FTN Equity Capital are members of the FINRA and SIPC—http://www.sipc.org/.  Equity research is provided by FTN Equity Capital.  FTN Financial Group, through First Tennessee Bank or its affiliates, offers investment products and services.

This message is intended only for the use of the individual or entity to which it is addressed and may contain information that is privileged, confidential and exempt from disclosure under applicable law.  If the reader of this message is not the intended recipient, employee or agent responsible to deliver it to the intended recipient, you are hereby notified that reading, disseminating, distributing or copying this communication is strictly prohibited.

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