Severn Bank

Overview / Commentary

410-260-2000

200 Westgate Circle
Annapolis, MD 21401

Severn Bank is headquartered in Annapolis and is the 11^th largest bank in the state of Maryland. It is also the 982^nd largest bank in the nation. It was established in 1949 and as of June of 2020, it had grown to 168 employees at 6 locations. Severn Bank has an A health rating.

Severn Bank (MD) Offers Free Kasasa Cash Statewide - 9/14/2020

Severn Bank (Maryland) offers its Free Kasasa Cash and Free Kasasa Saver with competitive rates and balance caps on a statewide basis.

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9/14 - Severn Bank (MD) Offers Free Kasasa Cash Statewide

7/29 - Severn Bank (MD) Adds Kasasa Cash, 3.00% APY Up To $15k

2/26 - Severn Savings Bank Offers Two Competitive CD Specials

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Health

Data as of Q2 2020

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Health Grade Components

Overall
FDIC Certificate #	32367
Year Established	1949
Employees	168
Primary Regulator	OCC

Profit Margin
Return on Assets - YTD	0.66%
Return on Equity - YTD	4.75%
Annual Interest Income	$17.2MM

Assets and Liabilities
Assets	Q2 2020vs Q2 2019	$913.8MM$858.4MM
Loans	Q2 2020vs Q2 2019	$663.6MM$688.3MM
Deposits	Q2 2020vs Q2 2019	$753.2MM$688.8MM
Equity Capital	Q2 2020vs Q2 2019	$120.1MM$119.9MM
Loan Loss Allowance	Q2 2020vs Q2 2019	$8.1MM$8.1MM
Unbacked Noncurrent Loans	Q2 2020vs Q2 2019	$6.2MM$5.2MM
Real Estate Owned	Q2 2020vs Q2 2019	$1.0MM$1.4MM

Rates

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Savings
Money Market
Checking
CD
IRA

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

Severn Bank Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
1.00%^*	-	$50k	Kasasa Saver
OTHER TIERS: 0.50% → $50k+
0.10%^*	$25k^*	-	Safe Harbor Passbook Savings Account
OTHER TIERS: 0.05% → Up to $25k
0.05%	$200	-	Statement 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

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME
3.00%^*	-	$15k	Free Kasasa Cash Checking
OTHER TIERS: 0.20% → $15k+
0.05%	-	-	Chesapeake Bay Benefits Checking Account
0.05%	-	-	Business Interest Checking
0.05%	$10k	-	Commercial Interest Checking
0.05%	-	-	Advantage Checking

Severn Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
0.80%	$5k	-	Business 60 Month CD
0.70%	$5k	-	Business 48 Month CD
0.60%	$5k	-	Business 36 Month CD
0.50%	$1k	-	60 Month CD Bump Up
0.50%	$5k	-	Business 24 Month CD
0.45%	$1k	-	48 Month CD Bump Up
0.40%	$1k	-	36 Month CD Bump Up
0.40%	$5k	-	Business 18 Month CD
0.35%	$1k	-	18 Month CD
0.35%	$1k	-	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

APY	MIN	MAX	ACCOUNT NAME
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 Branch	1917 West Street	Annapolis, MD 21401
Severn Savings Bank, FSB	200 Westgate Circle, Suite 200	Annapolis, MD 21401
Edgewater Branch	3083 Solomons Island Rd	Edgewater, MD 21037
Glen Burnie Branch	413 Crain Highway S.E.	Glen Burnie, MD 21061
Severna Park Branch	589 Benfield Rd	Severna Park, MD 21146
Lothian Branch	5401 Southern Maryland Blvd	Lothian, MD 20711
Crofton Branch	2151 Defense Hwy	Crofton, MD 21114

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