Severn Bank

Overview / Commentary

410-260-2000

200 Westgate Circle, Suite 200
Annapolis, MD 21401

Severn Bank is headquartered in Annapolis and is the 12^th largest bank in the state of Maryland. It is also the 953^rd largest bank in the nation. It was established in 1949 and as of March of 2020, it had grown to 169 employees at 6 locations. Severn Bank has a B+ health rating.

View all posts from:

2019
2015

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

B+

Data as of Q1 2020

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Health Grade Components

Overall
FDIC Certificate #	32367
Year Established	1949
Employees	169
Primary Regulator	OCC

Profit Margin
Return on Assets - YTD	0.45%
Return on Equity - YTD	3.14%
Annual Interest Income	$8.9MM

Assets and Liabilities
Assets	Q1 2020vs Q1 2019	$853.7MM$881.3MM
Loans	Q1 2020vs Q1 2019	$648.9MM$671.6MM
Deposits	Q1 2020vs Q1 2019	$694.5MM$713.3MM
Equity Capital	Q1 2020vs Q1 2019	$119.0MM$118.1MM
Loan Loss Allowance	Q1 2020vs Q1 2019	$7.9MM$8.0MM
Unbacked Noncurrent Loans	Q1 2020vs Q1 2019	$7.2MM$3.8MM
Real Estate Owned	Q1 2020vs Q1 2019	$1.7MM$1.6MM

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%^*	-	$20k	Kasasa Saver
OTHER TIERS: 0.50% → $20k+
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%	$1k	-	60 Month CD Bump Up
0.80%	$5k	-	Business 60 Month CD
0.70%	$1k	-	48 Month CD Bump Up
0.70%	$5k	-	Business 48 Month CD
0.60%	$1k	-	36 Month CD Bump Up
0.60%	$5k	-	Business 36 Month CD
0.50%	$1k	-	24 Month CD
0.50%	$5k	-	Business 24 Month CD
0.40%	$1k	-	18 Month CD
0.40%	$5k	-	Business 18 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
0.80%	$100	-	60 Month IRA Bump Up
0.70%	$100	-	48 Month IRA Bump Up
0.60%	$100	-	36 Month Bump Up IRA
0.50%	$100	-	24 Months IRA
0.40%	$100	-	18 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

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