Overview / Commentary
Severn Bank is headquartered in Annapolis and is the 14th largest bank in the state of Maryland. It is also the 894th largest bank in the nation. It was established in 1949 and as of March of 2019, it had grown to 158 employees at 6 locations. Severn Bank has an A+ health rating.
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Health
A+
Data as of Q1 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 32367 |
| Year Established | 1949 |
| Employees | 158 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.27% |
| Return on Equity - YTD | 10.03% |
| Annual Interest Income | $10.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2019vs Q1 2018 | $881.2MM$797.3MM |
| Loans | Q1 2019vs Q1 2018 | $671.6MM$666.3MM |
| Deposits | Q1 2019vs Q1 2018 | $713.3MM$592.3MM |
| Equity Capital | Q1 2019vs Q1 2018 | $118.0MM$110.6MM |
| Loan Loss Allowance | Q1 2019vs Q1 2018 | $8.0MM$8.1MM |
| Unbacked Noncurrent Loans | Q1 2019vs Q1 2018 | $3.8MM$5.8MM |
| Real Estate Owned | Q1 2019vs Q1 2018 | $1.6MM$237.00K |
Rates
Rates for Severn Bank are currently being reviewed.
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 |