Severn Bank

Overview / Commentary
200 Westgate Circle, Suite 200
Annapolis, MD 21401

Severn Bank is headquartered in Annapolis and is the 12th largest bank in the state of Maryland. It is also the 953rd 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.

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Health Grade Components

FDIC Certificate #32367
Year Established1949
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.45%
Return on Equity - YTD3.14%
Annual Interest Income$8.9MM
Assets and Liabilities
AssetsQ1 2020vs Q1 2019$853.7MM$881.3MM
LoansQ1 2020vs Q1 2019$648.9MM$671.6MM
DepositsQ1 2020vs Q1 2019$694.5MM$713.3MM
Equity CapitalQ1 2020vs Q1 2019$119.0MM$118.1MM
Loan Loss AllowanceQ1 2020vs Q1 2019$7.9MM$8.0MM
Unbacked Noncurrent LoansQ1 2020vs Q1 2019$7.2MM$3.8MM
Real Estate OwnedQ1 2020vs Q1 2019$1.7MM$1.6MM
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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

1.00%*-$20kKasasa 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

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

3.00%*-$15kFree 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

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

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

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

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