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.
Overall | |
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FDIC Certificate # | 32367 |
Year Established | 1949 |
Employees | 176 |
Primary Regulator | OCC |
Profit Margin | |
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Return on Assets - YTD | 0.72% |
Return on Equity - YTD | 5.33% |
Annual Interest Income | $25.2MM |
Assets and Liabilities | ||
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Assets | Q3 2020vs Q3 2019 | $936.5MM$822.4MM |
Loans | Q3 2020vs Q3 2019 | $672.3MM$670.0MM |
Deposits | Q3 2020vs Q3 2019 | $788.0MM$660.9MM |
Equity Capital | Q3 2020vs Q3 2019 | $121.0MM$121.7MM |
Loan Loss Allowance | Q3 2020vs Q3 2019 | $8.6MM$7.4MM |
Unbacked Noncurrent Loans | Q3 2020vs Q3 2019 | $5.9MM$5.1MM |
Real Estate Owned | Q3 2020vs Q3 2019 | $1.0MM$1.9MM |
Rates for Severn Bank are currently being reviewed.
Severn Bank Locations | ||
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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 |