Severn Bank


Overview / Commentary
410-260-2000
200 Westgate Circle
Annapolis, MD 21401

Severn Bank is headquartered in Annapolis and is the 10th largest bank in the state of Maryland. It is also the 878th largest bank in the nation. It was established in 1949 and as of June of 2021, it had grown to 170 employees at 7 locations. Severn Bank has an A+ health rating.

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Health
A+

Health Grade Components

Overall
FDIC Certificate #32367
Year Established1949
Employees170
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD1.11%
Return on Equity - YTD9.53%
Annual Interest Income$16.5MM
Assets and Liabilities
AssetsQ2 2021vs Q2 2020$1.14B$913.8MM
LoansQ2 2021vs Q2 2020$637.2MM$663.6MM
DepositsQ2 2021vs Q2 2020$1.00B$753.2MM
Equity CapitalQ2 2021vs Q2 2020$126.7MM$120.1MM
Loan Loss AllowanceQ2 2021vs Q2 2020$7.8MM$8.1MM
Unbacked Noncurrent LoansQ2 2021vs Q2 2020$1.2MM$6.2MM
Real Estate OwnedQ2 2021vs Q2 2020$1.0MM$1.0MM
Rates
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Always verify rates and promotions with the bank or credit union. We are not Severn Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Severn Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*-$50kKasasa Saver
OTHER TIERS: 0.10% $50k+
0.05%$200-Statement Savings Account
0.05%--Safe Harbor Passbook Savings Account
0.05%--IRA Savings
0.05%--Health Savings Account
0.05%--Commercial Health Savings Account
0.05%--Youth Statement Savings Account

Severn Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%*$500k*-Commercial Money Market Account
OTHER TIERS: 0.05% Up to $250k | 0.10% $250k - $500k
0.10%*$25k*-Money Market Account
OTHER TIERS: 0.05% Up to $25k

Severn Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.15%*-$15kFree Kasasa Cash Checking
OTHER TIERS: 0.10% $15k+
0.05%--Business Interest Checking
0.05%$10k-Commercial Interest Checking
0.05%--Senior Checking

Severn Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%$1k-60 Month CD Bump Up
0.50%$5k-Business 60 Month CD
0.45%$1k-48 Month CD Bump Up
0.45%$5k-Business 48 Month CD
0.40%$1k-36 Month CD Bump Up
0.40%$5k-Business 36 Month CD
0.35%$1k-18 Month CD
0.35%$1k-24 Month CD
0.35%$5k-Business 18 Month CD
0.35%$5k-Business 24 Month CD
0.30%$1k-12 Month CD
0.30%$5k-Business 12 Month CD
0.20%$1k-6 Month CD
0.20%$5k-Business 6 Month CD
0.10%$1k-3 Month CD
0.10%$5k-Business 3 Month CD

Severn Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%$100-60 Month IRA Bump Up
0.45%$100-48 Month IRA Bump Up
0.40%$100-36 Month Bump Up IRA
0.35%$100-18 Months IRA
0.35%$100-24 Months IRA
0.30%$100-12 Months IRA
0.20%$100-6 Months IRA
0.10%$100-3 Months IRA
Locations


Severn Bank Locations
Annapolis - West Street Branch1917 West StreetAnnapolis, MD 21401
Severn Savings Bank, FSB200 Westgate Circle, Suite 200Annapolis, MD 21401
Edgewater Branch3083 Solomons Island RdEdgewater, MD 21037
Glen Burnie Branch413 Crain Highway S.E.Glen Burnie, MD 21061
Severna Park Branch589 Benfield RdSeverna Park, MD 21146
Lothian Branch5401 Southern Maryland BlvdLothian, MD 20711
Crofton Branch2151 Defense HwyCrofton, MD 21114

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