Severn Bank


Overview / Commentary
410-260-2000
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 December of 2020, it had grown to 182 employees at 7 locations. Severn Bank has an A+ health rating.

Related Posts

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
A+

Health Grade Components

Overall
FDIC Certificate #32367
Year Established1949
Employees182
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.8%
Return on Equity - YTD5.96%
Annual Interest Income$33.9MM
Assets and Liabilities
AssetsQ4 2020vs Q4 2019$949.9MM$823.6MM
LoansQ4 2020vs Q4 2019$669.5MM$648.4MM
DepositsQ4 2020vs Q4 2019$811.9MM$665.2MM
Equity CapitalQ4 2020vs Q4 2019$122.6MM$118.7MM
Loan Loss AllowanceQ4 2020vs Q4 2019$8.6MM$7.1MM
Unbacked Noncurrent LoansQ4 2020vs Q4 2019$4.4MM$4.2MM
Real Estate OwnedQ4 2020vs Q4 2019$1.0MM$2.4MM
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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