Severn Bank

Overview / Commentary
200 Westgate Circle
Annapolis, MD 21401

Severn Bank is headquartered in Annapolis and is the 11th largest bank in the state of Maryland. It is also the 966th largest bank in the nation. It was established in 1949 and as of September of 2020, it had grown to 176 employees at 7 locations. Severn Bank has an A health rating.

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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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Health Grade Components

FDIC Certificate #32367
Year Established1949
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.72%
Return on Equity - YTD5.33%
Annual Interest Income$25.2MM
Assets and Liabilities
AssetsQ3 2020vs Q3 2019$936.5MM$822.4MM
LoansQ3 2020vs Q3 2019$672.3MM$670.0MM
DepositsQ3 2020vs Q3 2019$788.0MM$660.9MM
Equity CapitalQ3 2020vs Q3 2019$121.0MM$121.7MM
Loan Loss AllowanceQ3 2020vs Q3 2019$8.6MM$7.4MM
Unbacked Noncurrent LoansQ3 2020vs Q3 2019$5.9MM$5.1MM
Real Estate OwnedQ3 2020vs Q3 2019$1.0MM$1.9MM

Rates for Severn Bank are currently being reviewed.


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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